Sumitomo Mitsui Financial Group 2021 Financial Overview
Manage climate change risks
Sophisticate scenario analysis
Physical risks
JPY 55-65 bn cumulative
(up to 2050)
Stricter Sector and Business Policies
Coal-fired power
generation
Oil and Gas
Hydroelectric
power
generation
Coal mining
Tobacco
manufacturing
Hazard map
(Japan)
+
Al analysis of
satellite images
(global)
Palm oil
plantation
development
Deforestation
Nature
conservation
areas
Weapon
manufacturing
Transition risks
JPY 2-24 bn annual
(up to 2050)
Mitigate CO2 emissions
New
natural resource
energy demand
carbon price
price
1.5°C scenario of NGFS*1/IEA*2
New
*1 Network for Greening the Financial System *2 International Energy Agency
Revised FY3/22
Coal-fired power generation
Support for newly planned coal-fired power plants and
the expansion of existing plants are not provided.
<Understanding of the business/sector>
•
SMBC Group expects our customers to establish and publicly
announce long-term strategies aimed at realizing a carbon
neutral business model and other initiatives to address climate
change.
Moreover, SMBC Group will support the activities of our clients
contributing to the transition toward and realization of a
decarbonized society.
Palm oil plantation development and deforestation
Added a passage requesting customers
to comply with NDPE
(No Deforestation, No Peat, No Exploitation)
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