Sumitomo Mitsui Financial Group

Red Line	Text of policies	Comments	Score
Regulatory requirements
Ensure Legality	ESG considerations 2020 For projects which involve deforestation, SMBC Group provides support after confirming that (...) the laws and regulations of each country are observed. Approaches for Environmental and Social Risk "We will not provide financial support to projects which are involved in illegal logging and/or land clearing activities that do not safeguard environmental protection or which are against local laws and regulations. For large-scale development projects, we will continue to review and evaluate the environmental risks, including if they entail clearing of primary forests and/or the destruction of local ecosystems in accordance with the Equator Principles." CSR Report 2018 The SMBC Group supports the 10 principles of the “United Nations Global Compact,” in the areas of human rights, labor standards, environment and anti-corruption measures. We comply with laws and regulations in the regions and countries where we do business, protect and respect human rights in accordance with international human rights standards, and work to prevent complicity in human rights violations. Human Rights Statement SMBC Group strives to know its clients through appropriate due diligence to minimize the risk of the SMBC G roup 's products and services being used for improper purposes such as the commission or facilitation of offense s, which can be associated with human rights violations.	The policy requires compliance with national laws and respect for international conventions, but does not specify which.	partly
No Corruption and Tax Evasion	CSR Report 2018 SMFG and its Group companies support the 10 principles of the “United Nations Global Compact,” in the areas of human rights, labor standards, environment and anti-corruption measures. We also refer to the 24 criteria presented for achieving “Advanced Level” in creating Communication on Progress reports for the execution status of the principles.	No publicly available policies or documentation were found that cover this criteria.	not
Ensure ESIA for mills and plantations		No publicly available policies or documentation were found that cover this criteria.	not
Social requirements
Ensure FPIC		No publicly available policies or documentation were found that cover this criteria.	not
Respect Human Rights	CSR Report 2018 The SMBC Group supports the 10 principles of the “United Nations Global Compact,” in the areas of human rights, labor standards, environment and anti-corruption measures. We comply with laws and regulations in the regions and countries where we do business, protect and respect human rights in accordance with international human rights standards, and work to prevent complicity in human rights violations. Human Rights Statement SMBC Group strives to know its clients through appropriate due diligence to minimize the risk of the SMBC G roup 's products and services being used for improper purposes such as the commission or facilitation of offense s, which can be associated with human rights violations.	The group upholds laws and international conventions on human rights in its own operations and has strong due diligence processes to ensure clients do the same. However, it does not specify which international conventions it respects	partly
Respect Indigenous rights and customary land use rights		No publicly available policies or documentation were found that cover this criteria.	not
No forced resettlement		No publicly available policies or documentation were found that cover this criteria.	not
Environmental Requirements
No forest degradation and deforestation	ESG considerations 2020 SMBC Group does not provide support for new projects that are perceived to have a significant negative impact on wetlands specified in the Ramsar Conventions and UNESCO-designated World Natural Heritage sites. For projects which involve deforestation, SMBC Group provides support after confirming that illegal logging and incineration are not carried out and the laws and regulations of each country are observed. For large-scale projects, environmental impacts, such as the destruction of primeval forests and ecosystems, are evaluated in accordance with the Equator Principles when we consider lending. Approaches for Environmental and Social Risk We will not provide financial support to projects which are involved in illegal logging and/or land clearing activities that do not safeguard environmental protection or which are against local laws and regulations. For large-scale development projects, we will continue to review and evaluate the environmental risks, including if they entail clearing of primary forests and/or the destruction of local ecosystems in accordance with the Equator Principles.	The group does not finance illegal logging, but it lacks protection for primary forests, HCV areas, HCS areas, and several types of protected areas. However, it does protect Ramsar wetlands and UNESCO-designated World Natural Heritage sites.	partly
Protect endangered species		No publicly available policies or documentation were found that cover this criteria.	not
No high-risk species		No publicly available policies or documentation were found that cover this criteria.	not
No fire	ESG considerations 2020 For projects which involve deforestation, SMBC Group provides support after confirming that illegal logging and incineration are not carried out (...)	The policy prohibits the use of fire	well
Protect peat		No publicly available policies or documentation were found that cover this criteria.	not
No persistent pollution	Approaches for Environmental and Social Risk To mitigate the risk of soil contamination at real estate collateral, we require soil contamination risk assessment to be performed on real estate collateral that meets certain conditions. For collateral for which the risk is determined to be high, an amount equivalent to the level of risk is deducted from the valuation.	The requirements on pollution only apply to real estate collateral. There are no requirements regarding the use of pesticides in forestry operations, nor chemicals used at mills	not
Corporate association / scope of the policy
Corporate association / scope of the policy		No publicly available policies or documentation were found that cover this criteria.	not

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