Sumitomo Mitsui Financial Sustainability Profile
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 64 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sumitomo Mitsui Financial's reported carbon emissions
In 2025, Sumitomo Mitsui Financial reported total carbon emissions of approximately 82 million kg CO2e, comprising about 14 million kg CO2e from Scope 1 and about 68 million kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming for net zero greenhouse gas emissions for its Scope 1 and 2 activities by 2030. Additionally, it is committed to achieving net zero emissions across its investment and loan portfolios by 2050. In 2024, the total emissions were approximately 103 million kg CO2e, with Scope 1 emissions at about 14 million kg CO2e and Scope 2 emissions at about 89 million kg CO2e. For 2023, the total emissions were reported at approximately 152 million kg CO2e, with Scope 1 at about 15 million kg CO2e and Scope 2 at about 137 million kg CO2e. The company has also established specific reduction targets, including a 55% reduction in Scope 1 and 2 emissions by FY2026 compared to FY2021 levels. Furthermore, it aims to reduce emissions from the energy sector, targeting a 60% reduction in coal-related emissions by 2030 compared to 2020 levels. Sumitomo Mitsui Financial's climate strategy is supported by data cascaded from its parent organization, Sumitomo Mitsui Financial Group, Inc., ensuring alignment with broader corporate sustainability goals.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,526,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 179,615,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 10,050,000 | - | - | - | - | - | 00,000,000 | 00,000,000 | - | - | - | - |
How Carbon Intensive is Sumitomo Mitsui Financial's Industry?
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Sumitomo Mitsui Financial's Scope 3 Categories Breakdown
Sumitomo Mitsui Financial's Scope 3 emissions, which decreased by 45% last year and increased by approximately 120% since 2013, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 14% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 70% of Scope 3 emissions.
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Sumitomo Mitsui Financial's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sumitomo Mitsui Financial has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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