Sumitomo Mitsui Financial Group Inc
SMBC Group's Climate Target Data Preview
As of 2024, SMBC Group has disclosed 9 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 5 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into SMBC Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  | 2026 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  | 2031 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  | 2031 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities | Copy restricted. Please purchase to unlock this data.  | 2031 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | Copy restricted. Please purchase to unlock this data.  | 2031 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data.  | 2031 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities | Copy restricted. Please purchase to unlock this data.  | 2031 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | Copy restricted. Please purchase to unlock this data.  | 2031 |
This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into SMBC Group's Greenhouse Gas Emissions Pathways
As of 2024, SMBC Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.
Does SMBC Group have a target to reduce the emissions from its operations?
As of 2024, SMBC Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.
SMBC Group's most ambitious operational target is to reduce these emissions by 55% by 2026, compared to a baseline of 180,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.
As of 2023, SMBC Group is ahead of schedule on its operational emissions reduction target, having achieved 77.78% of the planned reduction.
SMBC Group's Operational (Scope 1+2) Emissions Pathway
Does SMBC Group have a target to reduce the emissions from its value chain?
As of 2024, SMBC Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.
SMBC Group's most ambitious value chain target is to reduce these emissions by 50% by 2031, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment in 2021.
As of 2023, SMBC Group is ahead of schedule on its value chain emissions reduction target, having achieved 45.84% of the planned reduction.