The Sustainable Development Goals (SDGs) were adopted by the United Nations General Assembly in 2015. The aim is not only for emerging countries but for all countries, including developed countries, to achieve 17 goals and 169 targets related to poverty and inequality, education, the environment and other areas. As a financial group, SMBC Group believes that it is capable of contributing to all 17 goals of the SDGs through Group company businesses, but going forward we will focus on the following goals in particular in which we are deeply involved and capable of demonstrating our strength.
Key Priority Issues for SMBC Group
Priority Issues (Materiality) that SMBC Group Should Address
We have reviewed our priority issues and derived three new themes – “Environment,” “Next Generation,” and “Community” – as our medium- to long-term priority issues that form the core of the SMBC Group's CSR activities. For each theme, we are also focusing on “where we want to be ten years from now” by clarifying matters and issues to be addressed and taking action on them.
Review of Priority Issues (Materiality)
In light of constantly changing social trends and a reassessment of the relative importance of the Group's priority issues among its stakeholders, and in order to adapt our CSR activities to these developments, in fiscal 2013 SMBC Group reviewed our priority issues and have derived three new themes – “Environment,” “Next Generation,” and “Community” – as our medium- to long-term priority issues that form the core of the SMBC Group's CSR activities. In identifying these priority issues, we made use of the G4 sustainability reporting guidelines issued by the Global Reporting Initiative (GRI), and with participation from all Group companies, we derived an order of priority for various social issues. We also engaged in dialog with experts to assess the relative importance assigned by our stakeholders to the issues.
Regarding these three priority issues, since fiscal 2014 SMBC Group has actively engaged with internal and external stakeholders, reviewed them and the issues to be addressed based on them, and worked to strengthen related initiatives at Group companies.
Identifying the Issues
Verifying Validity of Issues to Be Addressed within Priority Issues (Materiality)
With the establishment of the Sustainable Development Goals (SDGs), the core of the 2030 Agenda for Sustainable Development adopted by the United Nations in September 2015, the adoption of the Paris Accord at the 2015 United Nations Climate Change Conference (COP 21), and other recent developments, international conditions have been changing substantially, and so change is also required of SMBC Group businesses. In response to these developments, SMBC Group reviewed and confirmed the validity of its priority issues (Materiality) in fiscal 2016 and the issues to be addressed based on them.
The assessment was conducted through cross-Group discussion, dialogue with experts and other processes, and it found the three priority issues to be valid. But at the same time, the assessment also concluded that new measures for new societal issues should be added to the ten-year vision along with issues to be addressed based on the priority issues. In light of this, discussion and debate was conducted by the SMBC Group CSR Liaison Committee with Group companies. As a result, we created a new Vision for SMBC Group in 2030 and a new list of issues to be addressed.
Based on this, beginning in fiscal 2017, we will develop unified SMBC Group activities as well as unique activities at the Group company level.
Refer to the following for details on the stakeholder dialogue conducted in 2016.
*Action plan for people, planet and prosperity, succeeding the Millennium Development Goals (MDGs).
Sustainable Development Goals (SDGs)
SDGs related to our business