Response to climate change
Our approach to climate change
Climate change is one of the most important social issues that the world must urgently address. SMBC Group aims to achieve net zero for our own greenhouse gas emissions by 2030, and for our entire loan and investment portfolio by 2050.
The external environment surrounding climate change is becoming more complex and unstable, but there is no change in the fact that climate change is a pressing social issue that must be addressed. As SMBC Group, we will continue to contribute as much as possible to the decarbonization of the real economy without changing the direction of our initiatives, while appropriately managing SMBC Group’s climate-related risks.
We believe that there is no single optimal path to decarbonization; the path varies by country and sector. Accordingly, rather than merely withdrawing funding from high-emission sectors, SMBC Group will support customers’ transitions and technological innovation with an understanding of their individual circumstances. We engage in support that leverages our strengths, tailored to customers’ strategies and needs.
Sustained Efforts to Address Climate Change
SMBC Group outlines its approach to climate change initiatives in accordance with the four recommended components of international sustainability disclosure standards: governance, strategy, risk management, and metrics and targets. For more details, please refer to the "SMBC Group Sustainability Report."
* For details up to the fiscal year 2023, please refer to the "SMBC Group TCFD Report."
SMBC Group is working to further promote environmental activities by its visualization. As a part of this process, we have been disclosing environmental data from company office activities. We are obtaining third-party assurance of our data from KPMG AZSA Sustainability. For more details, please refer to the "Sustainability Data book."
SMBC Group publishes the "Transition Finance Playbook," which outlines the definition of transition finance and our criteria for providing transition finance. For more details, please refer to the "Sustainable Business."