Potential offtaker

Sumitomo Mitsui Financial Group, Inc.

www.smfg.co.jp

N/A
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Which other companies from Japan are actively involved in decarbonization initiatives?
  • HOOSIERS HOLDING
  • Mie EneWood, LTD.
  • Tsukishima Holdings Co., Ltd.
  • NITTETSU MINING
  • Sompo Holdings, Inc.
  • AGC Inc.
  • Sumitomo Mitsui Financial Group, Inc. (SMFG) is a leading financial institution in Japan that operates in the Diversified Banks sector. The company was established in 2002 through the merger of two major Japanese banks, Sumitomo Bank and Mitsui Bank. SMFG has since grown to become one of the largest financial groups in Japan, with a strong presence in the global financial market. The company's mission is to contribute to the sustainable growth of society by providing high-quality financial services to its customers.

    SMFG is committed to decarbonisation and reducing its carbon footprint. The company recognises the urgent need to address climate change and is taking proactive steps to reduce its greenhouse gas emissions. SMFG has set a target to reduce its CO2 emissions by 30% by 2030, compared to its 2013 levels. To achieve this target, the company is implementing a range of measures, including energy efficiency improvements, renewable energy adoption, and the use of low-carbon technologies.

    One of the key initiatives that SMFG has undertaken to reduce its carbon footprint is the adoption of corporate renewable energy. The company has signed several corporate power purchase agreements (PPAs) for renewable energy, which enable it to purchase electricity directly from renewable energy providers. By doing so, SMFG is able to reduce its reliance on fossil fuels and increase its use of clean energy sources. The company has also invested in renewable energy projects, such as wind and solar power, to support the transition to a low-carbon economy.

    SMFG is also committed to promoting corporate energy efficiency. The company has implemented a range of measures to reduce its energy consumption, including the installation of energy-efficient lighting and HVAC systems, the use of smart building technologies, and the adoption of energy management systems. SMFG has also established an energy management committee to oversee its energy efficiency initiatives and ensure that the company is meeting its energy reduction targets.

    In addition to its efforts to reduce its carbon footprint, SMFG is also committed to promoting sustainable business practices across its operations. The company has established a sustainability committee to oversee its environmental and social initiatives, and has developed a range of policies and guidelines to ensure that it operates in a responsible and sustainable manner. SMFG is also committed to promoting diversity and inclusion, and has implemented a range of initiatives to foster a more inclusive workplace culture.

    Overall, SMFG is a leading financial institution that is committed to promoting sustainability and reducing its carbon footprint. The company's adoption of renewable energy and energy efficiency measures demonstrates its commitment to addressing climate change and promoting a more sustainable future. SMFG's efforts to promote sustainable business practices across its operations also demonstrate its commitment to social responsibility and making a positive impact on society.

    ✓ Declared Net Zero commitment