Sumitomo Mitsui Financial

Sumitomo Mitsui Financial, a financial intermediation services company headquartered in Japan, reported its latest emissions data for 2025. Its total emissions were approximately 1.73 billion kg CO2e. This includes about 14 million kg CO2e from Scope 1 (direct emissions), 68 million kg CO2e from Scope 2 (indirect emissions from purchased energy, market-based), and approximately 1.65 billion kg CO2e from Scope 3 (value chain emissions).

Looking back, in 2024, the company's total emissions were approximately 1.68 billion kg CO2e, comprising around 14 million kg CO2e for Scope 1, 89 million kg CO2e for Scope 2 (market-based), and 1.58 billion kg CO2e for Scope 3. For 2023, total emissions were about 1.75 billion kg CO2e, with roughly 15 million kg CO2e from Scope 1, 137 million kg CO2e from Scope 2 (market-based), and 1.6 billion kg CO2e from Scope 3.

Sumitomo Mitsui Financial has set several climate commitments. It aims for net zero greenhouse gas emissions across its investment and loan portfolios by 2050, and net zero GHG emissions for its business activities (Scope 1 and 2) by 2030. Specifically for Scope 1 and 2, the company has a near-term absolute reduction target of 55% by fiscal year 2026 compared to fiscal year 2021. Furthermore, there's a specific target to reduce Scope 1 emissions by 40% by fiscal year 2026 from fiscal year 2022, and Scope 2 emissions by 55% by fiscal year 2027 from fiscal year 2022. For the energy sector within its Scope 3 emissions, the company aims to reduce oil and gas by about 29% and coal by about 60% by 2030, compared to 2020 levels. The company has also established an intensity target for Scope 2, aiming to reduce electricity consumption per square meter by 19.0% by fiscal year 2030 compared to fiscal year 2009. These commitments are detailed in various sustainability reports. All performance data is directly reported by Sumitomo Mitsui Financial Group, Inc. and is not cascaded.