Sumitomo Mitsui Financial

Sumitomo Mitsui Financial reported total carbon emissions of approximately 1.72 billion kg CO2e in 2025. This included about 14 million kg CO2e from Scope 1, 68 million kg CO2e from Scope 2, and 1.65 billion kg CO2e from Scope 3 emissions. In 2024, their total emissions were approximately 1.68 billion kg CO2e, with Scope 1 at about 14 million kg CO2e, Scope 2 at 89 million kg CO2e, and Scope 3 at 1.58 billion kg CO2e. This marks a slight increase from 2023, when total emissions were approximately 1.75 billion kg CO2e, comprising around 15 million kg CO2e (Scope 1), 137 million kg CO2e (Scope 2), and 1.6 billion kg CO2e (Scope 3).

The company is committed to achieving net-zero greenhouse gas emissions from its business activities (Scope 1 and 2) by 2030. They also aim for net-zero emissions across their investment and loan portfolios by 2050. Specific near-term absolute targets include a 40% decrease in Scope 1 emissions by financial year 2026 compared to financial year 2022, and a 55% decrease in Scope 2 emissions by financial year 2027 compared to financial year 2022. For the energy sector within Scope 3, Sumitomo Mitsui Financial targets a reduction in coal-related emissions by about 60% by 2030, compared to 2020 levels. Additionally, a target was set in fiscal year 2015 to reduce electricity consumption intensity (electricity consumption per total floor area) in fiscal year 2030 by 19.0% compared to fiscal year 2009. The emissions data and climate commitments are reported by Sumitomo Mitsui Financial Group, Inc.