Sumitomo Mitsui Financial

Sumitomo Mitsui Financial, a financial intermediation services provider headquartered in Japan, reported its latest carbon emissions for 2025. In 2025, their total carbon emissions were approximately 1.72 billion kg CO2e. This includes Scope 1 emissions of about 14 million kg CO2e, Scope 2 emissions of approximately 68 million kg CO2e (market-based), and Scope 3 emissions of around 1.65 billion kg CO2e.

Looking back, in 2024, the company's total emissions were approximately 1.68 billion kg CO2e, with Scope 1 at about 14 million kg CO2e, Scope 2 (market-based) at approximately 102.74 million kg CO2e, and Scope 3 at around 1.58 billion kg CO2e. In 2023, total emissions were roughly 1.75 billion kg CO2e, comprising Scope 1 emissions of about 15 million kg CO2e, Scope 2 (market-based) emissions of approximately 149.28 million kg CO2e, and Scope 3 emissions of around 1.6 billion kg CO2e.

Sumitomo Mitsui Financial has set several climate commitments. The company aims for net-zero greenhouse gas emissions from its business activities (Scope 1 and 2) by 2030. They also have a long-term goal to achieve net-zero emissions across their entire investment and loan portfolios by 2050, aligning with the net-zero emissions target for their group-wide operations by the same year. Specific near-term absolute targets include a 55% decrease in Scope 1 and 2 emissions by fiscal year 2026 compared to fiscal year 2021. More granularly, they aim for a 40% decrease in Scope 1 emissions by fiscal year 2026 from fiscal year 2022, and a 55% decrease in Scope 2 emissions by fiscal year 2027 from fiscal year 2022. For Scope 3 emissions, specifically within the energy sector, the company aims to reduce oil and gas emissions by approximately 29% and coal emissions by about 60% by 2030, relative to 2020 levels. The company also has an intensity target for Scope 2, aiming to reduce electricity consumption intensity by 19.0% by fiscal year 2030 compared to fiscal year 2009.