SMBC Group's Financial and Credit Portfolio
Target towards decarbonized society
Set targets for reducing Scope 1&2 emissions and phasing out finance to thermal coal mining.
Will disclose medium-term reduction targets for steel and automotive sectors in FY3/24.
GHG emissions
Scope1&2 (kt-CO2e)
Power
2030
2040
2050
2022
2023
2024
2025
vs. 2021
(40)%
Net zero
Oil & Gas
Set target
for 2030
NZBA
9 sectors
Scope3:
Financed Coal
emissions
Steel
Transportation (auto)
Set target
for 2030
by Mar.24
Coal-related finance (JPY bn)
Coal-fired Project finance
power
generation Corporate finance*2
Thermal coal mining
Complete
setting of
medium-
term target
138-195
(g-CO2e/kWh)
vs. 2020
(12)-(29)%
vs. 2020
(37)-(60)%
vs. 2020
(50)%
Zero
Net zero
OECD countries Non-OECD countries
Zero
Zero
*1 Expanded boundary of calculation to both domestic and overseas offices of SMFG and its subsidiaries from 2021.
*2 Asset-specific financing
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