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Sumitomo Mitsui Trust Group Inc
Sumitomo Mitsui Trust Group's GHG Emissions Data Preview
In 2023, Sumitomo Mitsui Trust 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).
Sumitomo Mitsui Trust Group has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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bVerified Sources Behind Sumitomo Mitsui Trust Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Sumitomo Mitsui Trust Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofSumitomo Mitsui Trust Group amounted to8,840metric 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 2022, the total operational greenhouse gas (GHG) emissions of Sumitomo Mitsui Trust Groupdecreased by 11.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Sumitomo Mitsui Trust Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Sumitomo Mitsui Trust Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Sumitomo Mitsui Trust Group were 4,472 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Sumitomo Mitsui Trust Group reduced its Scope 1 emissions over time?
Since 2019, Sumitomo Mitsui Trust Group's Scope 1 emissions have remained relatively, stable, indicating that Sumitomo Mitsui Trust Group's emissions have plateaued with no significant change in its operational footprint.a
Compared to the previous year(2022), Sumitomo Mitsui Trust Group's Scope 1 emissions decreased by 17.35%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Sumitomo Mitsui Trust Group's Scope 2 emissions?
In 2023, Sumitomo Mitsui Trust Group reported Scope 2 greenhouse gas (GHG) emissions of 4,368 tCOâ‚‚e without specifying the calculation method.a
Has Sumitomo Mitsui Trust Group reduced its Scope 2 emissions over time?
Since 2019, Sumitomo Mitsui Trust Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 85.06%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2022), Sumitomo Mitsui Trust Group's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Sumitomo Mitsui Trust Group's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Sumitomo Mitsui Trust Group use for Scope 2 reporting?
In 2023, Sumitomo Mitsui Trust Group reported its Scope 2 emissions using an unspecified methodology.a
Sumitomo Mitsui Trust Group's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Sumitomo Mitsui Trust Group's Value Chain Emissions
In 2023, Sumitomo Mitsui Trust Group reported 163,362,602 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Sumitomo Mitsui Trust Group includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,up from 7 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Sumitomo Mitsui Trust Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Sumitomo Mitsui Trust Group's Scope 3 emissions?
In 2023, Sumitomo Mitsui Trust Group reported total Scope 3 emissions of 163,362,602 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.2%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.8%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Sumitomo Mitsui Trust Group's Scope 3 emissions remained relatively stable, indicating that Sumitomo Mitsui Trust Group's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does Sumitomo Mitsui Trust Group disclose?
In 2023, Sumitomo Mitsui Trust Group reported emissions for 9 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 Sumitomo Mitsui Trust Group's Scope 3 emissions?
In 2023, the largest contributors to Sumitomo Mitsui Trust Group's Scope 3 emissions were:a
- Investments (Cat. 15): 162,000,000 tCOâ‚‚e(99.17%)
- Downstream Leased Assets (Cat. 13): 1,043,755 tCOâ‚‚e(0.64%)
- Capital Goods (Cat. 2): 199,471 tCOâ‚‚e(0.12%)
Sumitomo Mitsui Trust Group's Scope 3 Emissions by Categories
Insights into Sumitomo Mitsui Trust Group’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Sumitomo Mitsui Trust Group reported Scope 1 greenhouse gas (GHG) emissions of 4,472 tCOâ‚‚e and total revenues of USD 8,547 millions. This translates into an emissions intensity of 0.52 tCOâ‚‚e per millions USD.a
Sumitomo Mitsui Trust Group's Scope 1 Emissions Intensity Compared to Peers
How does Sumitomo Mitsui Trust Group's GHG emissions intensity compare to its peers?
In 2023, Sumitomo Mitsui Trust Group reported a Scope 1 emissions intensity of 0.52 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.34, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Sumitomo Mitsui Trust Group rank on GHG emissions intensity within its industry?
In 2023, Sumitomo Mitsui Trust Group ranked 6 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Sumitomo Mitsui Trust Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Sumitomo Mitsui Trust Group's Total Carbon Footprint
In 2023, Sumitomo Mitsui Trust Group reported a total carbon footprint of 163,371,442 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.69% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Sumitomo Mitsui Trust Group's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 1 emissions at 0%.a