Sumitomo Mitsui Financial Group Inc
SMBC Group's GHG Emissions Data Preview
In 2023, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions 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 Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of SMBC Group amounted to 164,320 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of SMBC Group decreased by 8.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
SMBC Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SMBC Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of SMBC Group were 15,041 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has SMBC Group reduced its Scope 1 emissions over time?
Since 2019, SMBC Group's Scope 1 emissions have increased by 1.2%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), SMBC Group's Scope 1 emissions decreased by 21.13%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are SMBC Group's Scope 2 emissions?
In 2023, SMBC Group reported Scope 2 greenhouse gas (GHG) emissions of 149,279 tCOâ‚‚e without specifying the calculation method.
Has SMBC Group reduced its Scope 2 emissions over time?
Since 2019, SMBC Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that SMBC Group 's emissions have plateaued with no significant change in its energy consumption footprint.
Compared to the previous year (2022), SMBC Group's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that SMBC Group 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does SMBC Group use for Scope 2 reporting?
In 2023, SMBC Group reported its Scope 2 emissions using an unspecified methodology.
SMBC Group's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into SMBC Group's Value Chain Emissions
In 2023, SMBC Group reported 1,600,579 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of SMBC Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
SMBC Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SMBC Group's Scope 3 emissions?
In 2023, SMBC Group reported total Scope 3 emissions of 1,600,579 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
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.
Has SMBC Group reduced its Scope 3 emissions over time?
Since 2019, SMBC Group's Scope 3 emissions have increased by 8,054.57%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), SMBC Group's Scope 3 emissions increased by 64.04%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does SMBC Group disclose?
In 2023, SMBC Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to SMBC Group's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 944,277 tCOâ‚‚e (59%)
- Capital Goods (Cat. 2): 509,493 tCOâ‚‚e (31.83%)
- Business Travel (Cat. 6): 77,535 tCOâ‚‚e (4.84%)
SMBC Group's Scope 3 Emissions by Categories
Insights into SMBC Group's Total Carbon Footprint
In 2023, SMBC Group reported a total carbon footprint of 1,764,899 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 52.74% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to SMBC Group's total carbon footprint was Scope 3 emissions, accounting for 90.69% of the company's total carbon footprint, followed by Scope 2 emissions at 8.46%.