Sumitomo Mitsui Trust Group Inc

Common Name
Sumitomo Mitsui Trust Group
Country
Japan
Sector
Financial Services
Industry
Banks - Regional
Employees
23,125
Ticker
8309
Exchange
TOKYO STOCK EXCHANGE
Description
Sumitomo Mitsui Trust Holdings Inc. operates as a prominent financial holding company, primarily offering an array of services through its subsidiaries in Japan and globally. Its primary function is t...

Sumitomo Mitsui Trust Group's Climate Target Data Preview

As of 2024, Sumitomo Mitsui Trust Group has disclosed 8 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 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 Sumitomo Mitsui Trust Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2030
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2030
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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a, b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a, b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer
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a, b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Total Assets
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b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Total Assets
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a, b, c
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Sumitomo Mitsui Trust Group’s Climate Targets 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. Explore Sumitomo Mitsui Trust Group’s data sources below and access millions more through our Disclosure Search.

a. Sumitomo Mitsui Trust Group's Integrated Report 2024
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b. Sumitomo Mitsui Trust Group's Webpage captured from company’s website 2024
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c. Sumitomo Mitsui Trust Group's TCFD Report 2023
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Insights into Sumitomo Mitsui Trust Group's Greenhouse Gas Emissions Pathways

As of 2024, Sumitomo Mitsui Trust Group has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations. a b c

Does Sumitomo Mitsui Trust Group have a target to reduce the emissions from its value chain?

As of 2024, Sumitomo Mitsui Trust 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. a b c

Sumitomo Mitsui Trust Group's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Total Assets in 2019. a b c

As of 2023, Sumitomo Mitsui Trust Group is ahead of schedule on its value chain emissions reduction target, having achieved 46% of the planned reduction. a b c

Sumitomo Mitsui Trust Group's Value Chain (Scope 3) Emissions Pathway

20192023203000000BaselineCurrent (-23%)Target 2030 (-50%)
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