Sumitomo Mitsui Trust Holdings
Sumitomo Mitsui Trust Holdings, Inc., commonly referred to as SMTH, is a prominent financial institution headquartered in Tokyo, Japan. Established in 1925, the company has evolved into a leading player in the trust banking sector, offering a diverse range of services including asset management, real estate, and financial consulting. With a strong presence in Japan and expanding operations across Asia, SMTH is recognised for its innovative approach to wealth management and investment solutions. The firm’s unique blend of traditional trust services and modern financial products positions it as a trusted partner for both individual and institutional clients. Notable achievements include its consistent ranking among the top trust banks in Japan, reflecting its commitment to excellence and customer satisfaction. Through its comprehensive suite of services, Sumitomo Mitsui Trust Holdings continues to shape the future of finance in the region.
DitchCarbon Score
How does Sumitomo Mitsui Trust Holdings'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 Trust Holdings's score of 46 is higher than 70% 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 Trust Holdings's reported carbon emissions
In 2023, Sumitomo Mitsui Trust Holdings reported total carbon emissions of approximately 4,472,000 kg CO2e for Scope 1 and about 4,368,000 kg CO2e for Scope 2. This reflects a decrease from 2022, where emissions were approximately 5,411,000 kg CO2e for Scope 1 and about 4,586,000 kg CO2e for Scope 2. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050. Specifically, they target net-zero emissions for Scope 1 and Scope 2 by 2030, as outlined in their Carbon Neutral Commitment announced in October 2021. The emissions data is sourced from Sumitomo Mitsui Trust Group, Inc., and no Scope 3 emissions data has been disclosed. The company is actively working towards its reduction targets, demonstrating a commitment to sustainability and climate action within the financial sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,907,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 35,925,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
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 Trust Holdings is not participating in any of the initiatives that 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.
