As a corporate citizen of the global society, SMBC Group is fully aware of the social impact of the financial institution, and it shall support the following initiatives in Japan and overseas (the action guidelines for the corporate activities and principles).
Participation in Initiatives and Reference Guidelines
Support for Initiatives in Japan and Overseas
- 1. United Nations Global Compact
- Ten principles proposed by the United Nations concerning human rights, labor, environment and corruption prevention.
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
- 2. Sustainable Development Goals (SDGs)
The SDGs are a set of 17 goals and 169 targets for achieving human and global prosperity adopted at the “United Nations Sustainable Development Summit.”
SMBC Group will contribute to the achievement of these goals as a member of the Global Compact Network Japan.
Please refer to the following link for information about SMBC Group’s initiatives on the SDGs.
- 3. UNEP Finance Initiative (UNEP FI)
- Organization which pursues, develops and promotes the ideal financial institutions which pay attention to the environment and sustainability.
- 4. Task Force on Climate-related Financial Disclosures (TCFD)
- The Financial Stability Board established this task force in April 2015. The task force seeks individual companies to use financial reporting to disclose the impact of climate change. The SMBC Group declared its support for the One Planet Summit held in Paris in December 2017.
- 5. CDP
- Initiatives which measures, manages and reduces effects of climate changes by prompting institutional investors and business managers to have dialogues regarding such climate changes.
- 6. Equator Principles
- Environmental and social standards which are set forth based on the International Finance Corporation (IFC) guidelines for large-scale project finance projects
- 7. Principles for Financial Action toward a Sustainable Society (Principles for Financial Action for the 21st Century)
- Principles of action for financial institutions in Japan adopted in October 2011 for the purpose of expanding and improving the quality of environmental finance.
- *As of September 30th, 2017, the principles had been signed by 253 financial institutions, including from SMBC Group, Sumitomo Mitsui Finance and Leasing, and SMBC Nikko Securities. SMBC has participated since fiscal 2012 as a steering member and co-chairman from fiscal 2018 for the Steering Committee of the principle.
Guidelines Used for Reference
The Group refers to the following guidelines in its promotion development, and information disclosure for CSR.
This is the “guidance document” with respect to social responsibilities. It consists of basic principles and seven core subjects (governance, human rights, labor practices, the environment, fair operating practices, consumer issues, and community involvement and development).
At the Group’s Corporate Sustainability Meeting, comprising departments responsible for CSR at each Group company, the Group started ISO 26000 study groups in December 2010, and has now formulated its own checklist, which is used by the Group companies to evaluate their own activities.
Please refer to the following link for information about SMBC Group’s CSR promotion system, including the Corporate Sustainability Meeting.
“Sustainability Reporting Guidelines (G4)” of GRI (Global Reporting Initiative) is referred to for editing of CSR website and preparation of CSR reports.
United Nations Global Compact, COP (Communication on Progress), Advanced Level Criteria
SMFG and its Group companies support the 10 principles of the “United Nations Global Compact,” in the areas of human rights, labor standards, environment and anti-corruption measures. We also refer to the 24 criteria presented for achieving “Advanced Level” in creating Communication on Progress reports for the execution status of the principles.
For further information on the guidelines, please refer to the following link.