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Sumitomo Mitsui Banking CorporationJapan
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Created before Nov 2016
Last update: 2018-04-18 10:13:48
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About
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.
| Headquarters |
1-1-2, Marunouchi, Chiyoda-ku
100-0005 Tokyo
Japan
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| Supervisor | |
| CEO/chair |
Makoto Takashima CEO |
| Annual reports |
CSR report 2017 Sumitomo Mitsui Financial Group CSR Report 2016 |
| Website | http://www.smbc.co.jp/global/index.html |
| Ownership |
listed on Tokyo Stock Exchange
Publicly listed. SMFG, Sumitomo Mitsui Financial Group is the holding company of which SMBC is a wholly owned subsidiary. SMFG stock is traded on the Tokyo Stock Exchange.
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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.
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Projects
Active
Annova LNG Terminal United States
Active
Atlantic Coast Pipeline United States
Active
Cirebon 2 coal power plant Indonesia
Active
Dakota Access Pipeline United States
Active
El Dorado International Airport Colombia
Active
Line 3 Pipeline Replacement Project (L3RP) Canada
Active
MGT Teesside biomass power station United Kingdom
Active
Nghi Son 2 coal power plant Vietnam
Active
Solwara 1 Deep Sea Mining Project Papua New Guinea
Active
Tanjung Jati-B 2 (TJB2) coal power plant Indonesia
Active
Trans Mountain Pipeline Expansion project (TMEP) Canada
There are no projects active for Sumitomo Mitsui Banking Corporation now.
On record
Batang Coal Power Project Indonesia
On record
Bauxite mine Niyamgiri Hills India
On record
Block 31, Yasuni National Park Ecuador
On record
Camisea pipeline project Peru
On record
Canadian tar sands Canada
On record
Grasberg gold and copper mine Indonesia
On record
Great Barrier Reef Coal & Gas Exports Australia
On record
Hazelwood coal power plant Australia
On record
Kashagan oil project Kazakhstan
On record
Liquified Natural Gas (LNG) project Papua New Guinea
On record
Mining in Goa/ Sesa Goa India
On record
Mountain top removal coal mining United States
On record
Rio Madeira dams: Jirau and Santo Antonio Brazil
On record
Sakhalin II oil and gas project Russian Federation
Companies
Active
IOI Corporation Malaysia
Active
Trafigura Singapore
Active
TransCanada Corporation Canada
Active
Vitol Switzerland
There are no companies active for Sumitomo Mitsui Banking Corporation now.
On record
Alpha Natural Resources United States
On record
Anglo American United Kingdom
On record
Arch Coal United States
On record
Astra Agro Lestari Indonesia
On record
BHP Billiton Australia
On record
Bumitama Indonesia
On record
EDF France
On record
ENGIE France
On record
Glencore Switzerland
On record
Lockheed Martin United States
On record
National Thermal Power Corporation (NTPC) India
On record
Rio Tinto Australia
On record
RWE Germany
On record
SUEK Russian Federation
On record
Vale Brazil
On record
Vedanta Resources United Kingdom
On record
Wilmar Group Singapore
Dodgy Deals map
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Links
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 can be found here.
Issues
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.
- Sumitomo Mitsui Banking Corporation is in compliance with its reporting obligations. The 2015 report can 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
Active
Dakota Access Pipeline United States
Active
El Dorado International Airport Colombia
Active
MGT Teesside biomass power station United Kingdom
Active
Tanjung Jati-B 2 (TJB2) coal power plant Indonesia
Active
Trans Mountain Pipeline Expansion project (TMEP) Canada
On record
Batang Coal Power Project Indonesia
On record
Block 31, Yasuni National Park Ecuador
On record
Camisea pipeline project Peru
On record
Kashagan oil project Kazakhstan
On record
Liquified Natural Gas (LNG) project Papua New Guinea
On record
Rio Madeira dams: Jirau and Santo Antonio Brazil
On record
Sakhalin II oil and gas project Russian Federation
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
Active
Dakota Access Pipeline United States
Active
El Dorado International Airport Colombia
Active
MGT Teesside biomass power station United Kingdom
Active
Tanjung Jati-B 2 (TJB2) coal power plant Indonesia
Active
Trans Mountain Pipeline Expansion project (TMEP) Canada
On record
Batang Coal Power Project Indonesia
On record
Block 31, Yasuni National Park Ecuador
On record
Camisea pipeline project Peru
On record
Kashagan oil project Kazakhstan
On record
Liquified Natural Gas (LNG) project Papua New Guinea
On record
Rio Madeira dams: Jirau and Santo Antonio Brazil
On record
Sakhalin II oil and gas project Russian Federation
Good moves
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