SMBC Group
SMBC Group, officially known as Sumitomo Mitsui Banking Corporation Group, is a leading financial institution headquartered in Tokyo, Japan. Established in 2001, the group has rapidly expanded its presence across major operational regions, including Asia, Europe, and the Americas, solidifying its position in the global banking industry. Specialising in a diverse range of services, SMBC Group offers corporate banking, investment banking, and asset management, distinguished by its commitment to customer-centric solutions and innovative financial products. The bank has achieved notable milestones, including recognition for its robust risk management practices and sustainable finance initiatives, positioning it as a trusted partner in the financial sector. With a strong market presence, SMBC Group continues to enhance its reputation as a key player in the global financial landscape.
DitchCarbon Score
How does SMBC Group'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 Services Auxiliary to 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
SMBC Group's score of 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
SMBC Group's reported carbon emissions
In 2023, SMBC Group reported total carbon emissions of approximately 229,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 178,000 kg CO2e, while Scope 2 emissions totalled approximately 815,000 kg CO2e, primarily from purchased electricity (about 16,437,870 kg CO2e). The largest share came from Scope 3 emissions, which reached approximately 228,852,150 kg CO2e, including business travel emissions of about 173,170 kg CO2e and waste generated in operations at 500 kg CO2e. In 2022, the group's emissions were notably higher, with total emissions of approximately 1,000,000 kg CO2e from Scope 1 (about 416,000 kg CO2e) and Scope 2 (about 1,078,000 kg CO2e), alongside Scope 3 emissions of approximately 114,480 kg CO2e. This indicates a substantial reduction in emissions from 2022 to 2023, particularly in Scope 1 and Scope 2 categories. Despite these figures, SMBC Group has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the financial sector. The emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by SMBC Group.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 |
| Scope 2 | 17,226,330 | 0,000,000 | 000,000 |
| Scope 3 | 7,620 | 000,000 | 000,000,000 |
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.
SMBC Group 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.
