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Sumitomo Mitsui Financial Group, Inc

Common Name
SMBC Group
Country
Japan
Sector
Financial Services
Industry
Banks - Diversified
Employees
123,000
Ticker
8316
Exchange
Japan Exchange Group
Description
Sumitomo Mitsui Financial Group, Inc. is a major Japanese banking institution and financial services company. It principally functions as a holding company for the Sumitomo Mitsui Banking Corporation,...

SMBC Group's GHG Emissions Data Preview

In 2025, SMBC Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

SMBC Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
13,570a
14,140a
15,050a
Total Scope 2
Market-Based
87,220a
102,740a
149,280a
Location-Based
114,260a
172,760a
181,730a
Unspecified Calculation Method
N/AN/AN/A
Total Scope 3
1,647,960a
1,580,500a
1,600,579b
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.4017a
0.483a
0.539a
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Verified Sources Behind SMBC Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. SMBC Group's ESG Data Spreadsheet 2025
b. SMBC Group's ESG Data Spreadsheet 2023

Insights into SMBC Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of SMBC Group amounted to 127,830 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of SMBC Group decreased by 31.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

SMBC Group's Scope 1 Emissions Over Time

201920202021202220232024202505 k10 k15 k20 ktCO2e-9%-16%+67%-21%-6%-4%
  • Total Scope 1
  • Year-over-Year Change

What are SMBC Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of SMBC Group were 13,570 metric tons of CO₂ equivalent (tCO₂e).a

Has SMBC Group reduced its Scope 1 emissions over time?

Since 2019, SMBC Group's Scope 1 emissions have decreased by 8.7%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), SMBC Group's Scope 1 emissions decreased by 4.03%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are SMBC Group's Scope 2 emissions?

In 2025, SMBC Group reported Scope 2 greenhouse gas (GHG) emissions of 87,220 tCO₂e using the market-based method and 114,260 tCO₂e using the location-based method.a

Has SMBC Group reduced its Scope 2 emissions over time?

Compared to the previous year (2024), SMBC Group's Scope 2 emissions (Location-Based) fell by 33.86% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does SMBC Group use for Scope 2 reporting?

In 2025, SMBC Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

SMBC Group's Scope 2 Emissions Over Time

2019202020212022202320242025050 k100 k150 k200 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into SMBC Group's Value Chain Emissions

In 2025, SMBC Group reported 1,647,960 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of SMBC Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

SMBC Group's Scope 3 Emissions Over Time

20192020202120222023202420250450 k900 k1.35 M1.8 MtCO2e+104%-45%+4313%+64%-1%+4%
  • Total Scope 3
  • Year-over-Year Change

What are SMBC Group's Scope 3 emissions?

In 2025, SMBC Group reported total Scope 3 emissions of 1,647,960 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has SMBC Group reduced its Scope 3 emissions over time?

Since 2019, SMBC Group's Scope 3 emissions have increased by 8,295.96%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2024), SMBC Group's Scope 3 emissions remained relatively stable, indicating that SMBC Group's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does SMBC Group disclose?

In 2025, SMBC Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of SMBC Group's Scope 3 emissions?

In 2025, the largest contributors to SMBC Group's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 1,091,820 tCO₂e (66.25%)
  • Capital Goods (Cat. 2): 389,450 tCO₂e (23.63%)
  • Business Travel (Cat. 6): 81,170 tCO₂e (4.93%)

SMBC Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(66.3%)Business Travel(Cat. 6)(4.9%)Capital Goods(Cat. 2)(23.6%)

Insights into SMBC Group’s GHG Emissions Intensity Compared to Industry Peers

In 2025, SMBC Group reported Scope 1 greenhouse gas (GHG) emissions of 13,570 tCO₂e and total revenues of USD 33,781 millions. This translates into an emissions intensity of 0.4 tCO₂e per millions USD.a

SMBC Group's Scope 1 Emissions Intensity Compared to Peers

5002,00020,000100,000500,000Scope 1 Emissions (tCO2e)1,0005,00020,000100,000500,000Revenues (Millions of USD)CitigroupYear: 2024Scope 1: 53,455 tCO2eRevenue: $M 81,091Scope 1 Intensity: 0.66 tCO2e/$MWells Fargo & CoYear: 2024Scope 1: 79,285 tCO2eRevenue: $M 82,297Scope 1 Intensity: 0.96 tCO2e/$MBank of ChinaYear: 2024Scope 1: 77,288 tCO2eRevenue: $M 86,240Scope 1 Intensity: 0.90 tCO2e/$MRoyal Bank of CanadaYear: 2024Scope 1: 23,090 tCO2eRevenue: $M 41,299Scope 1 Intensity: 0.56 tCO2e/$MAgricultural Bank of ChinaYear: 2024Scope 1: 165,276 tCO2eRevenue: $M 97,353Scope 1 Intensity: 1.70 tCO2e/$MHSBC HoldingsYear: 2025Scope 1: 16,698 tCO2eRevenue: $M 66,236Scope 1 Intensity: 0.25 tCO2e/$MICBCYear: 2024Scope 1: 99,600 tCO2eRevenue: $M 111,986Scope 1 Intensity: 0.89 tCO2e/$MChina Construction BankYear: 2024Scope 1: 63,760 tCO2eRevenue: $M 102,278Scope 1 Intensity: 0.62 tCO2e/$MBank of AmericaYear: 2024Scope 1: 65,763 tCO2eRevenue: $M 101,879Scope 1 Intensity: 0.65 tCO2e/$MJPMorgan Chase & CoYear: 2024Scope 1: 100,024 tCO2eRevenue: $M 177,568Scope 1 Intensity: 0.56 tCO2e/$MNational Bank of CanadaYear: 2024Scope 1: 2,640 tCO2eRevenue: $M 8,194Scope 1 Intensity: 0.32 tCO2e/$MNational Australia BankYear: 2024Scope 1: 5,635 tCO2eRevenue: $M 14,262Scope 1 Intensity: 0.40 tCO2e/$MCommonwealth BankYear: 2025Scope 1: 5,592 tCO2eRevenue: $M 18,866Scope 1 Intensity: 0.30 tCO2e/$MStandard CharteredYear: 2024Scope 1: 7,696 tCO2eRevenue: $M 20,047Scope 1 Intensity: 0.38 tCO2e/$MANZ Group HoldingsYear: 2024Scope 1: 5,958 tCO2eRevenue: $M 14,072Scope 1 Intensity: 0.42 tCO2e/$MWestpac BankingYear: 2024Scope 1: 6,262 tCO2eRevenue: $M 14,924Scope 1 Intensity: 0.42 tCO2e/$MBank of CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$MBarclaysYear: 2024Scope 1: 8,949 tCO2eRevenue: $M 32,913Scope 1 Intensity: 0.27 tCO2e/$MING GroepYear: 2023Scope 1: 6,200 tCO2eRevenue: $M 24,990Scope 1 Intensity: 0.25 tCO2e/$MBank of New York MellonYear: 2024Scope 1: 8,291 tCO2eRevenue: $M 18,258Scope 1 Intensity: 0.45 tCO2e/$MBank of Nova ScotiaYear: 2024Scope 1: 25,475 tCO2eRevenue: $M 24,145Scope 1 Intensity: 1.06 tCO2e/$MCIBCYear: 2024Scope 1: 19,410 tCO2eRevenue: $M 18,336Scope 1 Intensity: 1.06 tCO2e/$MBank of MontrealYear: 2024Scope 1: 33,090 tCO2eRevenue: $M 23,014Scope 1 Intensity: 1.44 tCO2e/$MBBVAYear: 2024Scope 1: 41,856 tCO2eRevenue: $M 40,827Scope 1 Intensity: 1.03 tCO2e/$MMUFGYear: 2024Scope 1: 26,807 tCO2eRevenue: $M 38,828Scope 1 Intensity: 0.69 tCO2e/$MSMBC GroupYear: 2025Scope 1: 13,570 tCO2eRevenue: $M 33,781Scope 1 Intensity: 0.40 tCO2e/$M

How does SMBC Group's GHG emissions intensity compare to its peers?

In 2025, SMBC Group reported a Scope 1 emissions intensity of 0.4 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does SMBC Group rank on GHG emissions intensity within its industry?

In 2025, SMBC Group ranked 8 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

SMBC Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into SMBC Group's Total Carbon Footprint

In 2025, SMBC Group reported a total carbon footprint of 1,775,790 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.47% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to SMBC Group's total carbon footprint was Scope 3 emissions, accounting for 92.8% of the company's total carbon footprint, followed by Scope 2 emissions at 6.43%.a

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