- Continued uncertain macroeconomic and geopolitical environment.
- Global growth remained sluggish.
- Core inflation levels remained stubborn.
- Heightened volatility in the banking sector.
- Russia-Ukraine and Israel-Gaza conflicts.
- Transition risk for high emitting sectors.
SMBC Bank International plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, SMBC Bank International plc disclosed greenhouse gas emissions of 1.0K gross tonnes of CO2 equivalent (tCO2e). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.0K gross tonnes of CO2 equivalent (tCO2e)
2024
Energy Use
7.7K MWh
2024
✅ Reported Environmental Achievements
- Reduced total GHG emissions in the UK by 39% to 0.51 tCO2e/FTE compared to the previous year.
- Decreased energy consumption by 20% compared to the previous reporting period.
- Reduced location-based Scope 1 and 2 emissions by 34%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase Board’s gender diversity target to 33% female Directors by 1 January 2025.
📅 Medium-term
- Achieve 30% female representation at Executive Director and above by 2027.
- Reduce the absolute amount of financed emissions from its oil and gas portfolio by between 12% and 29% by 2030.
- Reduce the emissions intensity of its power portfolio to between 138 and 195 gCO2e/kWH by 2030.
🔭 Long-term
- SMBC Group’s net zero emissions in its own operations by 2030 and in its overall loan and investment portfolio by 2050.
🌱 ESG Focus Areas
Environmental SustainabilityDiversity, Equality and InclusionHuman RightsReducing Poverty and Inequality