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Company Response

29 Nov 2021

Author:
Sumitomo Mitsui Banking

Sumitomo Mitsui Banking's response to BankTrack report on Equator banks

Unfortunately, we don’t have the aggregation criteria and details of the calculation in the report, moreover we cannot respond to individual questions from confidentiality perspectives, including whether we are engaged in each transaction.

For the issues raised, we appropriately evaluate each deal from the environment and social risk perspective, following the equator principles.

We understand there is a misunderstanding in the report, regarding the effective date of equator principle version 4. The version 4 came into effect on 1st, October, which means “All EPFIs will be required to implement EP4 on any new Projects (including term sheets or mandates) signed on/after 1 October 2020”. https://equator-principles.com/additional-grace-period-for-ep4-transition-to-reflect-covid-19-challenges/

SMBC will endeavor to realize a sustainable society through its environmental and social considerations of the projects it takes part in. https://www.smfg.co.jp/english/sustainability/materiality/environment/risk/?print

Timeline