... For Oil & Gas sector, SMBC Group has set Portfolio GHG Reduction Targets, and is committed to achieving steady reductions.
At Sumitomo Mitsui Banking Corporation, we conduct risk assessments from an environmental and social perspective when considering support.

We confirm customers’ transition plans based on whether they have GHG emission reduction targets, status of compliance with the Paris Agreement, and their governance structure. If the direction of specific initiatives cannot be confirmed even after a certain period of engagement, we will carefully consider whether to continue business relationships with them.

In addition, for large-scale developments, we require project operators to undertake environmental and social considerations, including climate change and human rights, and to comply with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and to respect Free, Prior, and Informed Consent (FPIC) from local communities...