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 23 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sumitomo Mitsui Trust Holdings's reported carbon emissions
In 2021, Sumitomo Mitsui Trust Holdings reported total carbon emissions of approximately 28,349,000 kg CO2e, comprising 25,732,000 kg CO2e from Scope 1, 4,297,000 kg CO2e from Scope 2, and 1,049,000 kg CO2e from Scope 3 emissions. This marked a reduction from previous years, with total emissions decreasing from about 29,495,000 kg CO2e in 2020 and 31,327,000 kg CO2e in 2019. The company has disclosed emissions data for Scopes 1 and 2 consistently from 2016 to 2021, with total emissions peaking at approximately 40,833,000 kg CO2e in 2016. Notably, Scope 1 emissions have shown a downward trend, decreasing from 4,907,000 kg CO2e in 2016 to 25,732,000 kg CO2e in 2021. Despite the absence of specific reduction targets or commitments, Sumitomo Mitsui Trust Holdings is actively monitoring and reporting its emissions, indicating a commitment to transparency in its climate impact. The company’s emissions intensity has also been reported, with values decreasing over the years, reflecting efforts to improve efficiency. Overall, while specific reduction initiatives or targets are not outlined, the trend in emissions reduction suggests a proactive approach to managing carbon footprints in alignment with industry standards.
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Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,907,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 35,925,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
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 committed to any reduction initiatives 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.
