Sumitomo Mitsui Trust HoldingsJapan
Created before Nov 2016
Last update: 2018-06-18 16:44:55
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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 an assortment of financial solutions and products to retail and wholesale customers, with a focus on asset management, financial brokerage and real estate services. Its main operating company is Sumitomo Mitsui Trust Bank Limited 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 Annual integrated report 2017
CSR report 2017
Ownership
listed on Tokyo Stock Exchange

Sumitomo Mitsui Trust Holdings' share holder 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

Vung Ang II coal power plant Vietnam profile

energy plants - coal
Approached, interested
Sumitomo Trust is among the banks that plan to finance the USD two billion power plant.
source: IJ Global 23/01/2017
link
There are no active projects for Sumitomo Mitsui Trust Holdings now.

Projects - on record profiles

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.
source: link

Dodgy Deals map

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News

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Year:
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

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Type:
Year:
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

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-12-04 00:00:00 | RAN, OPPUK & International Labor Rights Forum
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
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

Basic policy on the Social Responsibility of Sumitomo Mitsui Trust Group (Sustainability Policy)

2015-02-17 00:00:00 | SMTH
csr policies

Environmental Policy

2015-02-17 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/

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

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

Basic policy on the Social Responsibility of Sumitomo Mitsui Trust Group (Sustainability Policy)

2015-02-17 00:00:00 | SMTH
csr policies

Environmental Policy

2015-02-17 00:00:00 | SMTH
csr policies

CSR Procurement Policy

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

Issues

Sumitomo Mitsui Trust Holdings 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 Trust Holdings adopted the Equator Principles in 2016.

Reporting on the Equator Principles

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

Dodgy Deals

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

Active

Vung Ang II coal power plant Vietnam

energy plants - coal
On record

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

energy plants - coal

Equator Principles

Implementation and reporting

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Vung Ang II coal power plant Vietnam

energy plants - coal
On record

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

energy plants - coal

Good moves

Year: