Sustainability Management System
SMBC Group defines sustainability as "Creating and maintaining a society in which all of today's generation can enjoy economic prosperity and well-being and pass it on to future generations."
We take sustainability into account in our sustainability management system.
SMBC Group Sustainability Management System
Under the guidance of the Group CSO (Chief Strategy Officer, a member of the board) and the Group CSuO (Chief Sustainability Officer) who oversees and promotes our sustainability-related initiatives groupwide, the SMFG Corporate Sustainability Department plans and formulates groupwide sustainability measures including SDGs and ESG aspects.
The Corporate Sustainability Committee, which is chaired by the Group CEO, discusses matters pertaining to the spread of sustainability management throughout the Group as well as measures necessary for promoting sustainability. Moreover, we newly established the Sustainability Committee as an internal committee of the Board of Directors in July 2021. The Group CSuO and the Group CRO (Chief Risk Officer) will periodically report to the Sustainability Committee and the Risk Committee. We are continuously enhancing our corporate governance and management frameworks.
Furthermore, SMBC Group has incorporated quantitative indicators related to ESG initiatives into executive compensation schemes to accelerate sustainability management.