Sumitomo Mitsui Financial
Sumitomo Mitsui Financial Group, often referred to as SMFG, is a prominent financial services institution headquartered in Tokyo, Japan. Established in 2001, the company has rapidly evolved within the banking sector, primarily focusing on commercial banking, investment banking, and asset management. With a strong presence in Asia and a growing footprint in global markets, SMFG serves a diverse clientele, including individuals, corporations, and government entities. The group is renowned for its innovative financial solutions, including retail banking services, corporate financing, and wealth management. SMFG's commitment to customer-centric services and technological advancements has positioned it as a leader in the competitive financial landscape. Notable achievements include its robust capital base and consistent rankings among the top financial institutions in Japan, reflecting its stability and reliability in the industry.
DitchCarbon Score
How does Sumitomo Mitsui Financial's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sumitomo Mitsui Financial's score of 41 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sumitomo Mitsui Financial's reported carbon emissions
In 2023, Sumitomo Mitsui Financial reported total carbon emissions of approximately 1,030,000 kg CO2e, comprising 14,000,000 kg CO2e from Scope 1, 89,000,000 kg CO2e from Scope 2, and a significant 1,581,000,000 kg CO2e from Scope 3 emissions. This indicates a comprehensive approach to emissions reporting, including direct and indirect emissions across their operations. Over the years, the company has shown a trend of fluctuating emissions. For instance, in 2022, total emissions were about 152,000,000 kg CO2e, with Scope 1 contributing 15,000,000 kg CO2e and Scope 2 at 137,000,000 kg CO2e. In 2021, emissions peaked at approximately 180,000,000 kg CO2e, primarily driven by Scope 2 emissions. Despite these figures, there are currently no publicly disclosed reduction targets or specific climate pledges from Sumitomo Mitsui Financial. The absence of documented reduction initiatives suggests a potential area for improvement in their climate strategy, particularly in setting measurable targets aligned with global climate goals. Overall, while the company has made strides in emissions reporting, the lack of clear reduction commitments may impact its long-term sustainability profile.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2014 | 2015 | 2016 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 9,589,100 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 87,816,100 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sumitomo Mitsui Financial is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
