Sumitomo Mitsui Financial Group Inc

Common Name
SMBC Group
Country
Japan
Sector
Financial Services
Industry
Banks - Diversified
Employees
123,000
Ticker
8316
Exchange
TOKYO STOCK EXCHANGE
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 Waste Data Preview

In 2024, SMBC Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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a
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a
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a
0000000
Total Waste Recovered
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a
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a
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a
0000000
Total Hazardous Waste Generated
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind SMBC Group’s Waste Management Data

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a. SMBC Group's ESG Data Spreadsheet 2024
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Insights into SMBC Group's Waste Treatment Practices

In 2024, SMBC Group generated a total of 694 metric tonnes of waste. a

Of this amount, 65.56% of SMBC Group's total waste generated was recovered through methods such as recycling, reuse, or composting, while 34.44% was disposed of through landfilling, incineration, or combustion. a

SMBC Group's Waste Recovery Rate

66%

How much of SMBC Group's waste is recycled or recovered?

In 2024, SMBC Group reported a total waste generation of 694 metric tonnes, of which 65.56% was recovered through recycling, reuse, or composting. This moderate level of recovery indicates that SMBC Group is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts. a

Has SMBC Group reduced its environmental waste footprint over time?

Since 2020, SMBC Group's total waste generation decreased by 26.25%, yet rose by 2.81% in 2024, potentially indicating a temporary operational shift or inconsistency in waste management outcomes. a

Over the same period, SMBC Group's waste recovery rate declined by 7.51%, with a further 3.37% drop in 2024, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies. a

Overall, SMBC Group had been making progress in reducing waste, but recent increases in waste and simultaneous drops in recovery point to emerging risks or disruptions in waste management strategy.

SMBC Group’s Waste Recovery vs. Disposal Over Time

2020202120222023202402505007501 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered
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