Sumitomo Mitsui Trust HoldingsJapan
Created before Nov 2016
Last update: 2020-04-28 11:39:51
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About Sumitomo Mitsui Trust Holdings

Sumitomo Mitsui Trust Holdings is a Japanese financial holding company headquartered in Chiyoda, Tokyo. It provides financial services to retail and wholesale customers, with a focus on asset management, financial brokerage and real estate. Its main operating company is the Sumitomo Mitsui Trust Bank which is the largest trust company and the fifth-largest bank in Japan measured by assets. The company has no capital relationship with the Sumitomo Mitsui Financial Group. The two banking groups are similarly named because both are descended from the historical Sumitomo and Mitsui conglomerates. Sumitomo Mitsui Trust Bank adopted the Equator Principles in 2016, and is profiled as part of BankTrack's Equator Principles Track and Chase project.

Website http://www.smth.jp/en/
Headquarters
1-4-1 Marunouchi, Chiyoda-ku
Tokyo
Japan
CEO/chair Hitoshi Tsunekage
Chairman
Supervisor
Bank of Japan
Annual reports CSR report 2019/2020
Annual integrated report 2019
Ownership
listed on Tokyo Stock Exchange

Sumitomo Mitsui Trust Holdings' shareholder structure can be accessed here.

Related Dodgy Deals

Sumitomo Mitsui Trust Holdings 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

Coastal GasLink pipeline Canada profile

Oil and Gas Extraction
Debt – project finance
CAD 117.5 million
28 April 2020 - 28 April 2027
Sumitomo Mitsui Trust Holdings co-financed a CAD 6.4 billion term loan to Coastal GasLink. (Note sources differ and Bloomberg does not list this bank as a financier).
source: IJGlobal data, July 2020

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

Coal Electric Power Generation
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.
source: link

Vung Ang II coal power plant Vietnam profile

Coal Electric Power Generation
Debt – project finance
USD 333.33 million
2020 - 2040
Sumitomo Trust co-financed a USD 2 billion term loan for the development of Vung Ang 2
source: IJGlobal data, May 2020
There are no active projects for Sumitomo Mitsui Trust Holdings now.

Dodgy Deals map

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Policy Assessments

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Sumitomo Mitsui Trust Holdings
JPN
For more details see this page.

News

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Type:
Year:
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

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

Sumitomo Mitsui Trust Bank announces end of new coal power project financing

350.org: “One of Japan’s top five banks just announced the most ambitious coal restriction policy by any bank in Asia”
2018-07-20 | Tokyo
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

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

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

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Environmental Policy

Date listed represents date as accessed on website
2020-04-28 00:00:00 | SMTH
csr policies

Basic policy on the social responsibility (Sustainability Policy)

Date listed represents date as accessed on website
2020-04-28 00:00:00 | SMTH
annual reports

CSR report 2019/2020

2020-04-28 00:00:00 | SMTH
csr policies

Notice regarding review of policies and views on environmental/social considerations for loans

2020-03-31 00:00:00 | Sumitomo Mitsui Trust Holdings
annual reports

Annual integrated report 2019

2020-03-31 00:00:00 | SMTH
correspondence

Letter from Sumitomo Mitsui Trust Holdings to Banktrack on PRB implementation

2019-09-10 00:00:00 | Sumitomo Mitsui Trust Holdings
annual reports

CSR report 2018

2019-05-03 00:00:00 | Sumitomo Mitsui Trust Holdings
annual reports

Annual report 2018

(April 2017 - March 2018)
2019-04-30 00:00:00 | Sumitomo Mitsui Trust Holdings
csr policies

Consideration of Environmental and Social Impact of Investment and Financing Targets

2019-04-01 00:00:00 | Sumitomo Mitsui Trust Holdings
annual reports

Integrated report 2018

2019-04-01 00:00:00 | Sumitomo Mitsui Trust Holdings
csr policies

Codes of conduct

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

Anti-money laundering compliance policy

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

Anti-bribery and corruption compliance policy

2018-06-18 00:00:00 | SMTH
annual reports

Annual integrated report 2017

2018-04-30 00:00:00 | SMTH
annual reports

CSR report 2017

2018-04-01 00:00:00 | SMTH
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
csr policies

Action Guidelines for Mitigating Climate Change

2017-06-23 00:00:00 | SMTH
annual reports

CSR Report 2016

2017-06-23 00:00:00 | SMTH
csr policies

Action Guidelines Preserving Biodiversity

2017-06-23 00:00:00 | SMTH
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
csr policies

Human Rights Policy

2016-11-01 00:00:00 | SMTH
annual reports

Annual report 2016

Year ended March 31 2016
2016-06-01 00:00:00 | SMTH
annual reports

CSR report 2015

Period: October 2014 - September 2015
2016-01-01 00:00:00 | SMTH
annual reports

Annual report 2015

Year ended March 31 2015
2015-06-01 00:00:00 | SMTH
csr policies

CSR Procurement Policy

2015-01-19 00:00:00 | SMTH
ngo documents

FairFinanceGuide case study

Japanese Bank’s Involvements in Human Rights Violations based on 4 Cases
2015-01-09 00:00:00 | FairFinanceGuide japan
ngo documents

Investments by Japanese banks in the Malaysian and Indonesian palm oil sectors

2012-07-18 00:00:00 | Mekong Watch

Links

Fair Finance Japan

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

EPN assessment of policies against 14 minimum criteria - Sumitomo Mitsui Trust Holdings

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/sumitomo-mitsui-trust/

Policies

Voluntary initiatives

Sumitomo Mitsui Trust Holdings has committed itself to the following voluntary standards:

Investment policies

Sumitomo Mitsui Trust Holdings' policies can be found on its corporate social responsibility webpage.

Year:
csr policies

Environmental Policy

Date listed represents date as accessed on website
2020-04-28 00:00:00 | SMTH
csr policies

Basic policy on the social responsibility (Sustainability Policy)

Date listed represents date as accessed on website
2020-04-28 00:00:00 | SMTH
csr policies

Notice regarding review of policies and views on environmental/social considerations for loans

2020-03-31 00:00:00 | Sumitomo Mitsui Trust Holdings
csr policies

Consideration of Environmental and Social Impact of Investment and Financing Targets

2019-04-01 00:00:00 | Sumitomo Mitsui Trust Holdings
csr policies

Codes of conduct

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

Anti-money laundering compliance policy

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

Anti-bribery and corruption compliance policy

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

Action Guidelines for Mitigating Climate Change

2017-06-23 00:00:00 | SMTH
csr policies

Action Guidelines Preserving Biodiversity

2017-06-23 00:00:00 | SMTH
csr policies

Human Rights Policy

2016-11-01 00:00:00 | SMTH
csr policies

CSR Procurement Policy

2015-01-19 00:00:00 | SMTH

Equator Principles

Implementation and reporting

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

Coastal GasLink pipeline Canada

Oil and Gas Extraction
active

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

Coal Electric Power Generation
active

Vung Ang II coal power plant Vietnam

Coal Electric Power Generation

Good moves

Year: