BankTrack is the international tracking, campaigning and civil society support organisation focused on commercial banks and their finance.
We aim to stop banks from financing harmful business activities and promote a banking sector that contributes to just societies and a healthy planet.
Sumitomo Mitsui Banking Corporation head offices. Photo: 撮影。via Wikimedia Commons (CC BY-SA 3.0)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
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| CEO/chair |
Makoto Takashima CEO |
| Supervisor | |
| 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. |
SMBC's corporate social responsibility falls under SMFG, which csr web page can be accessed here.
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.
Sumitomo Mitsui Banking Corporation must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Sumitomo Mitsui Banking Corporation is involved in financing the following Equator Principles projects that BankTrack considers controversial.
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True leader
Front runner
Follower
Laggard
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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.
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Sumitomo Mitsui Banking Corporation is reporting on the implementation here.
