Sumitomo Mitsui Banking CorporationJapan
Created before Nov 2016
Last update: 2019-03-05 14:08:02
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About Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation (SMBC) was established in April 2001 through the merger of two leading banks: the Sakura Bank Limited, and the Sumitomo Bank Limited. Sumitomo Bank was a major Japanese bank, founded in 1895; Sakura Bank was a descendant of Mitsui Bank, another major Japanese bank founded in 1876, but with operations dating back to 1683. SMBC is the second largest bank of Japan and also holds branches in the United States, Canada and Europe. Sumitomo Mitsui Financial Group (SMFG) was established in December 2002 through a stock transfer as a bank holding company. SMBC became a wholly owned subsidiary of SMFG.

Website http://www.smbc.co.jp/global/index.html
Headquarters
1-1-2, Marunouchi, Chiyoda-ku
100-0005 Tokyo
Japan
CEO/chair Makoto Takashima
CEO
Supervisor
Bank of Japan
Annual reports CSR Report 2018
Annual report 2018
Ownership
listed on Tokyo Stock Exchange

SMFG, Sumitomo Mitsui Financial Group, is the holding company of which SMBC is a wholly owned subsidiary. SMFG's share holder structure can be accessed here.

Related Dodgy Deals

Sumitomo Mitsui Banking Corporation has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Cirebon 2 coal power plant Indonesia profile

energy plants - coal
Debt – project finance
18 April 2017
Co-financed USD 1.009 billion project finance loan
source: JBIC Press release
link

Dakota Access Pipeline United States profile

energy distribution | oil and gas
Debt – project finance
USD 120 million
2 August 2016 - 2 August 2019
source: Bloomberg terminal, courtesy of Rainforest Action Network
link

East African Crude Oil Pipeline (EACOP) Uganda profile

oil and gas | transport and infrastructure
Advisor

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
Sumitomo Mitsui does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

mining - non coal
Debt – corporate loan
USD 48.59 million
2013
Provided to Metalloinvest and its subsidiaries since 2013
source: Profundo report
link

Trans Adriatic Pipeline (TAP) - international - profile

oil and gas
Debt – project finance
EUR 635 million
December 2018 - June 2034
Co-financed EUR 635 million commercial banks loan
source: EIB press release
link
Debt – project finance
EUR 500 million
June 2018 - December 2034
Co-financed EUR 500 million EBRD B-loan
source: EIB press release
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
 200 million
31 May 2017
Financed CAD 200 million as part of CAD 5.5 billion credit facility
source: Securities & Exchange Commission
link
There are no active projects for Sumitomo Mitsui Banking Corporation now.

Projects - on record profiles

Annova LNG Terminal United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 20 million
26 May 2016 - 26 May 2021
Part finance of USD 600 million revolving credit facilty
source: Rainforest Action Network
link

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 142 billion
October 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Batang Coal Power Project Indonesia profile

energy plants - coal
Debt – project finance
USD 152.11 million
June 2016
source: JBIC
Debt – corporate loan
USD 135 million
August 2012
source: Greenpeace 2014 - The true cost of coal

Bauxite mine Niyamgiri Hills India profile

mining - non coal
Debt – corporate loan
Vedanta in May 2008, Hindustan Zinc in August 2005, Sterlite Industries in September 2005

Block 31, Yasuni National Park Ecuador profile

oil and gas
Uncategorised

Camisea pipeline project Peru profile

oil and gas
Debt – project finance
27 June 2008

Canadian tar sands Canada profile

oil and gas
Uncategorised
USD 509.5 million
2009
Total Tar Sands Financing
source: link

El Dorado International Airport Colombia profile

transport and infrastructure
Debt – project finance
USD 125 million
14 May 2015
source: IJGlobal
Equity – share owner/manager
20 April 2015
Equity investment in Fianciera de Desarrollo Nacional (financial intermediary). 8.84% shareholding (as of April 2015).
source: link

Grasberg gold and copper mine Indonesia profile

mining - non coal
Debt – corporate loan
July 2006
Debt – corporate loan
Loan in March 2007 for acquisition of other mining group (Phelps Dodge)

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 530 million
5 May 2013
source: link

Hazelwood coal power plant Australia profile

energy plants - coal
Debt – corporate loan
AUD 158 million
2008
source: link

Kashagan oil project Kazakhstan profile

oil and gas
Debt – corporate loan
September 2007
KazMunaiGaz paid loan early in October 2008
Debt – project finance
November 2005

Liquified Natural Gas (LNG) project Papua New Guinea profile

oil and gas
Debt – project finance
USD 1.8 billion
15 December 2009
participating in syndicated loan of US$ 1.8 billion
source: link

MGT Teesside biomass power station United Kingdom profile

energy plants - biomass
Debt – corporate loan
11 August 2016
The bank is providing to the GBP 650 million loan of Macquarie bank.
source: link

Mining in Goa/ Sesa Goa India profile

mining - non coal
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007

Mountain top removal coal mining United States profile

mining - coal
Uncategorised
EUR 14 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 294 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Nghi Son 2 coal power plant Vietnam profile

energy plants - coal
Debt – project finance
13 April 2018
source: JBIC
link

Rio Madeira dams: Jirau and Santo Antonio Brazil profile

energy plants - dams
Equity – share owner/manager
13 May 2013
Acquired 20% equity of ESBR Participaç?es S.A., which owns the Project - Mitsui & Co., Ltd, part of the Mitsui Group, acquired the equity
source: link

Sakhalin II oil and gas project Russian Federation profile

oil and gas
Debt – corporate loan
USD 350 million
October 2009
Participation in US$1,4bn provided by consortium of BNP Paribas, BTM, Mizuho, and SMBC
source: Project Finance International
Debt – corporate loan
USD 358 million
June 2008
Participation in loan of $1.6 billion provided by a consortium of Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp., and BNP Paribas, in addition to $3.7 billion loan provided by JBIC

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia profile

energy plants - coal
Debt – project finance
USD 1 billion
24 February 2017
Part of a syndicate of commercial banks for a total financing amount of around USD 1.7 billion. SMBC also acted as financial adviser on this project.
source: link

Companies - active profiles

Arauco Chile profile

forestry - pulp and paper
Bond issue – underwriter
USD 125 million
30 April 2019 - 30 April 2049
Bond issuance
source: Cbonds.com
link
Debt – corporate loan
USD 75 million
2018
source: Thomson Reuters Eikon
Bond issue – underwriter
USD 250 million
2018
source: Thomson Reuters Eikon

BAE Systems United Kingdom profile

arms industry and trade
Debt – corporate loan
EUR 100 million
30 April 2018
SMBC participated in a syndicated loan to BAE Systems for 100.13 million euro of a total package of 2.3 billion euro.
source: ThomsonEikon

CEZ Group Czech Republic profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
EUR 100 million
The amount financed consists of corporate or project finance and shares or bonds issuance
source: Fool's Gold: The financial institutions bankrolling Europe's most coal-dependent utilities
link

Indofood Indonesia profile

agriculture - palm oil
Debt – corporate loan
USD 420 million
Credit facility
source: Indofood financial statements March 2019
link

Klabin Brazil profile

forestry - pulp and paper
Bond issue – underwriter
USD 56 million
27 March 2019 - 27 March 2049
source: Cbonds.com
link

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 245 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 133 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Debt – corporate loan
EUR 87.5 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 6.2 million
revolving credit
source: Thomson ONE database.

TC Energy Canada profile

Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USD 1.5 billion credit renewal
source: Data provided by Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2016
Co financed USD 5 billion revolving credit facility

Vale Brazil profile

mining - coal | mining - non coal
Debt – corporate loan
USD 2 billion
June 2017 - June 2022
Co-financed USD 2 billion credit facility
source: Vale press release
link
Bond issue – underwriter
USD 37.04 million
7 February 2017 - 10 August 2026
Via Vale Overseas Ltd.
source: Profundo research Jan 2019
Bond issue – underwriter
USD 31.25 million
3 August 2016 - 10 August 2026
Via Vale Overseas Ltd.
source: Profundo research Jan 2019
Debt – corporate loan
USD 3 billion
May 2015 - May 2020
Co-financed USD 3 billion credit facility
source: Vale press release
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
USD 48 million
2017
source: Forests and Finance Database
link
Debt – corporate loan
USD 19 million
2017
Revolving credit facility
source: Forests and Finance Database
link
Debt – corporate loan
USD 65 million
2014
Revolving credit facility
source: Forests and Finance Database
link
Debt – corporate loan
USD 20 million
2014
Revolving credit facility
source: Forests and finance Database
link
Debt – corporate loan
EUR 576 million
2010 - 2014
Total amount of 12 corporate loans provided by Sumitomo in the period of 2010-2014.
source: FoE Europe report (November 2015)
link
There are no active companies for Sumitomo Mitsui Banking Corporation now.

Companies - on record profiles

Alpha Natural Resources United States profile

mining - coal
Uncategorised
EUR 8.7 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 232.9 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Anglo American United Kingdom profile

mining - coal | mining - non coal
Uncategorised
EUR 9.8 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 38.9 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal
Uncategorised
EUR 4.9 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 38.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Astra Agro Lestari Indonesia profile

agriculture - palm oil
Debt – corporate loan
INR 96,700 million
31 September 2012
short term loan
source: Annual Report 2013
Debt – corporate loan
through its Indonesian, Singaporean units

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Uncategorised
EUR 32.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 43.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 47.6 million
source: International Financing Review, 26 October 2002;Euroweek - Issue: 780; Prospectus WMC Resources, 26 June 2003; International Financing Review, London, 23 April 2005; Loans - BHP Billiton, Euroweek, London, 29 April 2005; Annual Report 2005, BHP Billiton, Melbourne, September 2005; International Financing Review, London, 9 September 2004; International Financing Review, London, 26 March 2005.

Bumitama Indonesia profile

agriculture - palm oil
Debt – corporate loan
EUR 15.28 million
May 2013
Loan secured through subsidiary Bumitama Gunajaya Agro Group
source: Thomson ONE Banker, Tearsheet 2980397115, consulted on 8 May 2013
Debt – corporate loan
EUR 17.38 million
November 2012
source: Thomson ONE Banker, Tearsheet 2910214115 , consulted on 12 November 2012

EDF France profile

energy plants - nuclear
Debt – corporate loan
EUR 112.1 million
source: Thomson ONE database.
Bond issue – underwriter
EUR 64.4 million
source: Thomson ONE database; Euroweek - Issue: 826.

ENGIE France profile

energy plants - coal | energy plants - dams
Uncategorised
EUR 0.1 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 61.7 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Glencore Switzerland profile

mining - coal
Uncategorised
EUR 64.9 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 444.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

IOI Corporation Malaysia profile

agriculture - palm oil
Approached, interested
USD 80 million
10 August 2015
Part of a US $ 400 mln. corporate loan. Part of five participating banks, bank contribution US $ 80 mln.
source: Thomson ONE Banker
Debt – corporate loan
USD 44.46 million
19 May 2015
Part of a US $ 161,67 mln. corporate loan. Part of four participating banks, bank contribution US $ 44,46 mln.
source: Thomson ONE Banker
Debt – corporate loan
USD 44.25 million
14 May 2013
Part of a US $ 160,91 corporate loan. Part of three participating banks, bank contribution US $ 44,25 mln.
source: Thomson ONE Banker
Debt – corporate loan
USD 165.5 million
19 October 2011
Part of a US $ 330 mln. corporate loan. Part of two participating banks, bank contribution US $ 165,50 mln.
source: Thomson ONE Banker

Kinder Morgan United States profile

energy distribution | oil and gas | transport and infrastructure
Debt – corporate loan
USD 137 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link

Korea Electric Power Corporation (KEPCO) South Korea profile

energy plants - coal | energy plants - nuclear | mining - coal | nuclear industry
Debt – corporate loan
USD 16 million
2014 - 2017
source: Coal Developers Report 2017
link
Debt – corporate loan
EUR 113.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Equity – share owner/manager
EUR 139.2 million
source: Annual Report 2009, Kansai Electric Power Company.

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – corporate loan
USD 54 million
2014 - 2017
source: BankTrack Coal Developers Report
link
Share issue – underwriter
USD 236 million
2014 - 2017
(Amount includes share and bond issuance underwriting)
source: BankTrack Coal Developers Report
link
Debt – project finance
USD 650 million
5 November 2013
project finance for the development of the Antucoya copper mining, provided together with JBIC, EDC, KfW, Mizuho Bank, Natixis, ING, Corpbanca, and Banco del Estado de Chile.
source: link

National Thermal Power Corporation (NTPC) India profile

energy plants - coal | energy plants - hydro | energy plants - renewables | manufacturing | mining - coal
Debt – corporate loan
USD 312 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Debt – corporate loan
EUR 113.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – project finance
source: Press release JBIC, Tokyo, 20 December 2007; Press release NTPC, New Delhi, 24 December 2007.
Debt – corporate loan
source: Euroweek - Issue: 972; Asian Development Bank, Manilla, 25 October 2006; Thomson ONE database.

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Debt – corporate loan
EUR 31.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

SUEK Russian Federation profile

mining - coal
Debt – corporate loan
EUR 338.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Trafigura Singapore profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 133 million
2012 - 2016
Total corporate loan between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 1,077 million
2012 - 2016
Total revolving credit between 2012 and October 2016.
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Vedanta Resources United Kingdom profile

mining - non coal
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 10 million
August 2005
Loan provided to subsidiary Hindustan Zinc

Vitol Switzerland profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 339 million
2012 - 2016
Total corporate loan between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 1,079 million
2012 - 2016
Total revolving credit between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Dodgy Deals map

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blog
external news
our news

Total’s suspension of the East African Crude Oil Pipeline is a chance for Standard Bank and others to think again

2019-09-19 | Ryan Brightwell – BankTrack
blog
external news
our news

Advocates urge International Olympic Committee to prioritize climate action, highlight hypocrisy of touting “sustainable” Tokyo Olympics while Japan finances new coal

Two Japanese megabanks sponsoring the Tokyo 2020 Olympics are major backers of coal
2019-09-16 | Oil Change International
blog
external news
our news

Japan seeks climate leadership at G-20 summit but can’t kick its coal habit

2019-06-27 | The Washington Post
blog
external news
our news

Duty of Care: Total served formal notice for its activities in Uganda

2019-06-27 | Friends of the Earth France
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Citigroup cancels financing of Indonesian food giant Indofood over palm oil labor abuses

Major Asian, European banks and US brands still linked to controversial company
2019-06-18 | San Francisco, CA | Rainforest Action Network
blog
external news
our news

Activists urge banks not to finance Ugandan oil pipeline

2019-06-07 | Reuters
blog
external news
our news

International Call on Banks: Don’t finance the East Africa Crude Oil Pipeline

African and international groups voice opposition to pipeline development
2019-05-28 | Nijmegen | BankTrack, Inclusive Development International
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen | Claire Hamlett – BankTrack
blog
external news
our news

Where are Japan’s banks in the climate conversation?

2018-12-13 | Shin Furuno - 350.org
blog
external news
our news

Explosive reports expose illegal logging and human rights abuses by forestry giant Korindo Group

Tokyo 2020 Olympics implicated in sourcing tainted wood - Japanese and Indonesian banks found financing rainforest destruction
2018-11-11 | Jakarta | Rainforest Action Network, TuK Indonesia, WALHI
blog
external news
our news

Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
blog
external news
our news

Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects

2018-10-11 | Market Forces
blog
external news
our news

Pipeline: Stepping stone for Japanese financiers

2018-10-08 | Daily Monitor
blog
external news
our news

New report reveals Japanese financial institutions’ substantial role in climate crisis

2018-09-10
blog
external news
our news

These 3 coal plants might not get Japan funds under new rules

2018-08-27 | Bloomberg
blog
external news
our news

Is Japan finally turning away from coal? Sumitomo Mitsui Trust Bank and Nippon Life start the race to move beyond coal in Asia

2018-07-28 | The Diplomat
blog
external news
our news

プレスリリース：三井住友FG株主総会で森林保護方針強化を求めてアピール(2018/6/28)

Press Release: Mitsui Sumitomo FG General Meeting of Shareholders Seeking to Strengthen Forest Protection Policy Appeal (2018/6/28)
2018-06-28 | Tokyo | RAN
blog
external news
our news

Indofood: the perfect microcosm of how the financial system is still part of the problem

2018-05-31 | RAN
blog
external news
our news

Environmental NGOs respond to statement by Sumitomo Mitsui Financial Group CEO on restricting coal-fired power financing

2018-05-17 | FOE Japan, Greenpeace Japan, Japan Center for a Sustainable Environment and Society
blog
external news
our news

Sumitomo Mitsui signals it may curb coal-fired power financing

2018-05-16 | Bloomberg
blog
external news
our news

Cracks emerge in coal haven as insurers mull funding curbs

2018-05-14 | Bloomberg
blog
external news
our news

Japanese banks betray their commitments and the environment by funding more dirty coal

2018-04-18 | Market Forces
blog
external news
our news

Japanese banks betray their commitments and the environment by funding more dirty coal

2018-04-18 | Market Forces
blog
external news
our news

NGOs Sound the Alarm on Japanese Banks’ Continued Coal Financing

2018-04-09 | Tokyo | Greenpeace Japan, Rainforest Action Network
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

Japanese Banks ill-Equipped to Reform Banking Practices in Line with the Paris Agreement

2017-10-12 | Tokyo, Japan
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

Japanese Banks Failing to Respond to Climate Risks, New Reports Find

2017-06-22 | Rainforest Action Network
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
blog
external news
our news

Major international banks and investors finance devastating impacts of forest-risk commodities

New report finds eight corporate giants in palm oil, pulp and paper, timber and rubber involved in social and environmental scandal; exposes financial banking
2017-04-24 | Tokyo | Rainforest Action Network
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Banks risk breach of sustainability standards over Indonesian coal plant finance

New report from BankTrack and Greenpeace
2017-04-03 | Nijmegen, Netherlands | BankTrack, Greenpeace
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Japanese and Singaporean banks step in to finance Indonesian coal plant in face of opposition from communities and environmentalists

After French banks ditch project, BankTrack, Friends of the Earth Japan and 350.org Japan strongly criticise all banks involved
2017-02-28 | Tokyo, Japan and Nijmegen, Netherlands | BankTrack, Friends of the Earth Japan
blog
external news
our news

New online platform reveals banks and investors financing companies linked to tropical forest loss in Southeast Asia

Financial sector under the spotlight in new international push to protect forests and forest communities
2016-09-06 | Singapore | Rainforest Action Network
blog
external news
our news

BankTrack condemns Japanese and Singapore bank financing of Batang coal project in Indonesia as reckless to people and climate

2016-06-06 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Mandy Haggith – Environmental Paper Network
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Decommissioning cost of Fukushima Daiichi might be over US$90billion

2011-04-03 | Tokyo Japan | Finance GreenWatch
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

NGOs criticise private banks irresponsible investment in Kazakhstan

2008-10-07 | Italy | CRBM
blog
external news
our news

Environmental groups condemn Japanese and French banks for financing Sakhalin II oil and gas project in Russia

2008-06-17 | Tokyo, San Fransisco, Moscow, Nijmegen | Pacific Environment
blog
external news
our news

Japanese Banks Blasted for Investment Plans in Sakhalin II

Banks to Stay out of Environmentally Unsound Oil and Gas Project in Russia
2008-06-12 | Tokyo | Friends of the Earth Japan
blog
external news
our news

New WWF-BankTrack report: Shaping the Future of Sustainable Finance

New report by BankTrack and WWF on bank policies
2006-01-26 | Davos, Switzerland | WWF UK

Documents

| | | | | | | | | | | |
Type:
Year:
correspondence

Letter from SMBC to BankTrack on PRB implementation

2019-09-13 00:00:00 | SMBC
annual reports

CSR Report 2018

Date listed represents date as accessed on website
2019-08-07 00:00:00 | Sumitomo Mitsui Financial Group
correspondence

Letter from Inclusive Development International and BankTrack to Standard Bank, Stanbic Bank Uganda and SMBC on Standard bank's role in arranging finance for the East African Crude Oil Pipeline

2019-05-28 00:00:00 | Inclusive Development International and BankTrack
ngo documents

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
csr policies

Modern Slavery Statement

2019-03-31 00:00:00 | SMBC
csr policies

Statement on human rights

Date listed represents date as accessed on website
2019-03-05 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Response to climate change

Date listed represents date as accessed on website
2019-03-05 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Approaches for environmental and social risks

Date listed represents date as accessed on website
2019-03-05 00:00:00 | Sumitomo Mitsui Financial Group
our publications

Coal plant developers: 2018 research analysis

2018-12-05 00:00:00 | BankTrack
correspondence

Letter from BankTrack and 120 organisations to SMFG on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
annual reports

Annual report 2018

2018-06-30 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Policy for business associated with environmental and social risk

2018-06-18 00:00:00 | SMBC
correspondence

Letter from FoE Japan and 170 NGOs to Japanese government, JBIC, JICA, NEXI on Japanese government must stop financing Cirebon and Indramayu coal power plants

2018-05-18 00:00:00 | FoE Japan and 170 NGOs
annual reports

CSR report 2017

2018-03-31 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

Annual report 2017

2018-03-31 00:00:00 | Sumitomo Mitsui Financial Group
ngo documents

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

2018-02-28 00:00:00 | Business & Human Rights Resource Centre
ngo documents

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
ngo documents

In the Red

An Assessment of Bank Policies for Financing Pulp and Paper
2017-08-01 00:00:00 | Environmental Paper Network
ngo documents

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports

CSR Report 2016

2017-04-06 00:00:00 | Sumitomo Mitsui Financial Group
our publications

The Cirebon 2 coal power plant and the Equator Principles

2017-04-03 00:00:00 | BankTrack and Greenpeace
ngo documents

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

2017-03-27 00:00:00 | RAN, TuK & Profundo
annual reports

CSR Report 2016

2017-03-26 00:00:00 | Sumitomo Mitsui Financial Group
ngo documents

IndoAgri's new sustainable palm oil policy ails to address key environmental, social and governance (ESG) risks

2017-02-28 00:00:00 | RAN, TuK & Profundo
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
correspondence

Letter from 500 organisations to SMBC on financing DAPL

2016-11-30 00:00:00 | 500 organisations
ngo documents

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
bank documents

Sumitomo Mitsui response to BankTrack

2016-09-13 00:00:00 | Sumitomo Mitsui
bank documents

Performance and Goals of CSR Initiatives of SMFG Companies

SMBC
2016-08-15 00:00:00
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
our publications

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

2016-02-16 00:00:00 | BankTrack
annual reports

CSR Report 2015

FY ended March 2015
2015-10-01 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Environmental Preservation Initiatives

includes the Group Environmental Policy
2015-08-24 00:00:00 | Sumitomo Mitsui Financial Group
bank documents

Social Contribution Activities

2015-08-24 00:00:00 | Sumitomo Mitsui Financial Group
bank documents

Corporate Governance

2015-08-24 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

2015 Annual Report

FY ended March 2015
2015-08-01 00:00:00 | Sumitomo Mitsui Financial Group
ngo documents

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Japanese Banks' Involvements in Human Rights Violations based on 4 Cases

Executive Summary of Fair Finance Guide Japan 1st Case Study
2015-01-09 00:00:00 | Published by A SEED JAPAN, JACSES and PARC
correspondence

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
annual reports

CSR Report 2014

FY ended March 2014
2014-12-01 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

2014 Annual Report

FY ended March 2014
2014-08-01 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

CSR Report 2013

FY ended March 2013
2014-01-01 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

Annual Report 2013

FY ended March 2013
2013-09-01 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

CSR Report 2012

2013-06-12 00:00:00 | Sumitomo Mitsui Financial Group
annual reports

Annual Report 2012

FY ended March 2012
2012-08-24 00:00:00 | Sumitomo Mitsui Financial Group
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
other documents

Sumitomo Mitsui Banking Corp. cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
other documents

Sumitomo Mitsui Banking Corporation cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.

Links

Fair Finance Japan - SMFG

Fair Finance Guide Japan
http://fairfinance.jp/bank/banks/smfg/

SMBC's web page on corporate social responsibility

http://www.smbc.co.jp/aboutus/english/csr/

SMFG's web page on corporate social responsibility

http://www.smfg.co.jp/english/responsibility/

Policies

Voluntary initiatives

Sumitomo Mitsui Banking Corporation has committed itself to the following voluntary standards:

Investment policies

SMBC's corporate social responsibility falls under SMFG, which csr web page can be accessed here.

Year:
csr policies

Modern Slavery Statement

2019-03-31 00:00:00 | SMBC
csr policies

Statement on human rights

Date listed represents date as accessed on website
2019-03-05 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Response to climate change

Date listed represents date as accessed on website
2019-03-05 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Approaches for environmental and social risks

Date listed represents date as accessed on website
2019-03-05 00:00:00 | Sumitomo Mitsui Financial Group
csr policies

Policy for business associated with environmental and social risk

2018-06-18 00:00:00 | SMBC
csr policies

Environmental Preservation Initiatives

includes the Group Environmental Policy
2015-08-24 00:00:00 | Sumitomo Mitsui Financial Group

Campaigns

Sumitomo Mitsui Banking Corporation and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Sumitomo Mitsui Banking Corporation adopted the Equator Principles in 2006.

Reporting on the Equator Principles

Sumitomo Mitsui Banking Corporation must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

Sumitomo Mitsui Banking Corporation is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Cirebon 2 coal power plant Indonesia

energy plants - coal
Active

Dakota Access Pipeline United States

energy distribution | oil and gas
Active

Trans Adriatic Pipeline (TAP) - international -

oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Batang Coal Power Project Indonesia

energy plants - coal
On record

Block 31, Yasuni National Park Ecuador

oil and gas
On record

Camisea pipeline project Peru

oil and gas
On record

El Dorado International Airport Colombia

transport and infrastructure
On record

Kashagan oil project Kazakhstan

oil and gas
On record

Liquified Natural Gas (LNG) project Papua New Guinea

oil and gas
On record

MGT Teesside biomass power station United Kingdom

energy plants - biomass
On record

Rio Madeira dams: Jirau and Santo Antonio Brazil

energy plants - dams
On record

Sakhalin II oil and gas project Russian Federation

oil and gas
On record

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia

energy plants - coal

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed Sumitomo Mitsui Banking Corporation on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Sumitomo Mitsui Banking Corporation is assessed as a Laggard, with a total score of 0.5/12.
Policy: 0/3Due dilligence: 0/3
Reporting: 0.5/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

Sumitomo Mitsui Banking Corporation is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Cirebon 2 coal power plant Indonesia

energy plants - coal
Active

Dakota Access Pipeline United States

energy distribution | oil and gas
Active

Trans Adriatic Pipeline (TAP) - international -

oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure
On record

Batang Coal Power Project Indonesia

energy plants - coal
On record

Block 31, Yasuni National Park Ecuador

oil and gas
On record

Camisea pipeline project Peru

oil and gas
On record

El Dorado International Airport Colombia

transport and infrastructure
On record

Kashagan oil project Kazakhstan

oil and gas
On record

Liquified Natural Gas (LNG) project Papua New Guinea

oil and gas
On record

MGT Teesside biomass power station United Kingdom

energy plants - biomass
On record

Rio Madeira dams: Jirau and Santo Antonio Brazil

energy plants - dams
On record

Sakhalin II oil and gas project Russian Federation

oil and gas
On record

Tanjung Jati-B 2 (TJB2) coal power plant Indonesia

energy plants - coal

Good moves

Year: