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Home › Banks ›
Bank
Sumitomo Mitsui Financial GroupJapan

Active

This profile is actively maintained
Last update: 2023-03-03 00:00:00
Sumitomo Mitsui Financial Group head offices. Photo: 撮影。via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2023-03-03 00:00:00
About
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
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 shareholder structure can be accessed here.

Sumitomo Mitsui Financial Group (SMFG) was established in April 2001 through the merger of Sakura Bank and the Sumitomo Bank. Sakura Bank was a descendant of Mitsui Bank, founded in 1876, with operations dating back to 1683. Sumitomo Bank was a Japanese bank, founded in 1895. 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.

Sustainability
Commitments
Policies
Voluntary standards

SMFG's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Environment

Policies and statements

2023-05-24 00:00:00

Transition Finance Playbook

Document outlines SMBC Group’s definition of and approach towards transition finance
Bank policy
2023-05-24 00:00:00 | Sumitomo Mitsui Financial Group
2023-05-15 00:00:00

Strengthening efforts against climate change

Report over progress in advancement of climate change response
Bank policy
2023-05-15 00:00:00 | Sumitomo Mitsui Financial Group
2022-09-28 00:00:00

Group Environmental and Social Framework

Bank policy
2022-09-28 00:00:00 | SMBC
2022-03-31 00:00:00

Modern Slavery Statement

Bank policy
2022-03-31 00:00:00 | SMBC
2021-05-12 00:00:00

Reinforcing efforts against climate change

Bank policy
2021-05-12 00:00:00 | SMBC
2021-01-19 00:00:00

Statement on Human Rights

Bank policy
2021-01-19 00:00:00 | SMBC
2021-01-14 00:00:00

Management of environmental risks

Date listed represents date as accessed on website
Bank policy
2021-01-14 00:00:00 | Sumitomo Mitsui Financial Group
2021-01-14 00:00:00

Environmental policy

Date listed represents date as accessed on website
Bank policy
2021-01-14 00:00:00 | SMBC
2020-04-24 00:00:00

Group Statement on Sustainability

Bank policy
2020-04-24 00:00:00 | SMBC
2020-04-16 00:00:00

Revision of ESG financing policies

Bank policy
2020-04-16 00:00:00 | Sumitomo Mitsui Banking Corporation
2020-04-01 00:00:00

Revision of group mission, vision and values

Bank policy
2020-04-01 00:00:00 | Sumitomo Mitsui Banking Corporation
2018-06-18 00:00:00

Policy for business associated with environmental and social risk

Bank policy
2018-06-18 00:00:00 | SMBC
Sumitomo Mitsui Financial Group has committed itself to the following voluntary standards:
Banking Environment InitiativeTags:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Global Reporting Initiative- G3 Reporting FrameworkTags: transparency
ISO 14001Tags: transparency
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Poseidon PrinciplesTags: corporate social responsibility | shipping
Principles for Financial Action towards a Sustainable SocietyTags: climate change | environment | Japan
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Sumitomo Mitsui Financial Group is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Sumitomo Mitsui Financial Group's link to these deals.