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  • Overall approach
    5/10
    • Overarching commitment on deforestation
      4/6
      Overarching commitment
      Deforestation-free commitment
      4/6
      "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE. In addition, when considering financing for any large-scale project, not limited to farm development projects, we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant’s stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents"
    • Deforestation as a business risk
      1/1
      Business risk
      Yes
      1/1
      Type of financial risk recognised by the financial institution: Reputational; Financial
      "Financial institutions confront various types of environmental risk including:...Lender liability risks that accrue to the lender in connection with business and other loan proceeds that adversely impact the environment...Reputation risks attributable to any of the aforementioned...For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor"
    • Target to reduce emissions in scope 1/2
      Reduce emissions
      Yes
      0/0
      Type of climate target: Net-zero emissions

      Is the financial institution's climate target aligned with SBTi?: No

      What is the target date for the financial institution to achieve their climate target?: 2050
      "As a result, SMBC Group (hereinafter, “SMBC Group” and the “Group” are used interchangeably) is committed to achieving net zero greenhouse gas1 (GHG) emissions across our overall investment and loan portfolio by 2050, as well as our own operations by 2030 (hereinafter, “net zero” and “carbon neutral” are used interchangeably.)"
    • Clients/holdings must have anti-corruption policy
      0.0/1
    • Collaborative finance sector initiatives
      0/2
    • Nature/people-positive investment
  • Commodity score
    36/90
    • Beef & Leather
      39/90
      • Policy Strength
        12/28
        • Commodity-specific deforestation financing policy
          6.5/8.8
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: No
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all deals
            No
            0/0.2
            Policy applies to all deals
            No
            0/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
        • Clients/holdings must be legally operated
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          3.6/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all operations and financing
            No
            0/0.2
            Policy applies to all operations and financing
            No
            0/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        12/27
        • Clients/holdings must test Free, Prior and Informed Consent
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
        • Clients/holdings must have a grievance mechanism
          3.6/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
        • Clients/holdings must address gender equality issues
          1.8/3.8
          • Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Required
            1/3
            Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Required
            1/3
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        15/35
        • Assess client/holding exposure prior to onboarding
          Yes, for human rights abuse risk; Yes, for deforestation/conversion risk
          5/5
          Assess client/holding exposure prior to onboarding
          Yes, for human rights abuse risk; Yes, for deforestation/conversion risk
          5/5
          Does the financial institution publish the outcome of the risk assessment?: No

          Does the financial institution publish the risk assessment framework/tool used?: No
          “For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE. In addition, when considering financing for any large-scale project, not limited to farm development projects, we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc.”
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Going forward, we will continue to make further enhancements to provide consistent and transparent disclosures to our stakeholders in line with the TCFD recommendations.This report will be updated on a yearly basis"
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: No

          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No
          "The scope of environmental and social risk assessments that take into accountthe Equator Principles is to be expanded for the following business areas andsectors when considering lending.After identifying and evaluatingenvironmental and social risks, appropriate measures are considered."
        • Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Does the financial institutions have clear thresholds of non-compliance or thresholds of exposure to deforestation risk that trigger engagement processes for clients/holdings?: Yes

          Does the financial instution engage with the company to develop a time-bound plan for compliance with the policy?: No

          Does the financial institution engage with the client/holding to support the remediation of any social or environmental non-compliance on the ground?: No

          Does the financial institution commit to actively monitor clients/holdings' progress towards their time-bound plans and remediation activities?: No
          "In SMBC’s Credit Policy, which contains our overall financing policy, guidelines andrules, we declare that we will cease to provide financial support to borrowers engagedin businesses contrary to public responsibility, or which may have a significant negativeimpact on the global environment."
        • Engagement with non-compliant companies
          0/0
          Engagement with non-compliant companies
          0/0
          Does the financial institution engage with NGOs/CSOs/IPLCs/rightsholders on the ground as part of their engagement?: No
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
    • Palm oil
      43/90
      • Policy Strength
        16/28
        • Commodity-specific deforestation financing policy
          6.7/8.8
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: Yes
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all stages of the supply chain
            Producers
            0/0.2
            Policy applies to all stages of the supply chain
            Producers
            0/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
        • Clients/holdings must be legally operated
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
        • Clients/holdings must monitor operations
          2.2/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require
            1.5/3
            What type of assurance mechanism is used?: Assurance mechanism
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all stages of the supply chain
            Producers
            0/0.2
            Policy applies to all stages of the supply chain
            Producers
            0/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
        • Clients/holdings must conduct risk assessments
          3.3/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all clients/holdings
            No
            0/0.2
            Policy applies to all clients/holdings
            No
            0/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          2.2/3.8
          • Commitment details
            Encouraged
            1.5/3
            Commitment details
            Encouraged
            1.5/3
            What is the deadline for the portfolio companies to become compliant with the policy?: current

            What is the length of time the portfolio companies are given to meet their time-bound plans?: current

            What is the target date for the full implementation of the financial institution's policy?: current
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
          • Policy applies to all stages of the supply chain
            Producers
            0/0.2
            Policy applies to all stages of the supply chain
            Producers
            0/0.2
            "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
      • Associated Human Rights Abuses
        12/27
        • Clients/holdings must test Free, Prior and Informed Consent
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
        • Clients/holdings must have a grievance mechanism
          3.6/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
        • Clients/holdings must address gender equality issues
          1.8/3.8
          • Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Required
            1/3
            Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Required
            1/3
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        15/35
        • Assess client/holding exposure prior to onboarding
          Yes, for human rights abuse risk; Yes, for deforestation/conversion risk
          5/5
          Assess client/holding exposure prior to onboarding
          Yes, for human rights abuse risk; Yes, for deforestation/conversion risk
          5/5
          Does the financial institution publish the risk assessment framework/tool used?: Yes

          Does the financial institution publish the outcome of the risk assessment?: No
          "For palm oil plantation development projects, whether they have been certified by the Roundtable on Sustainable Palm Oil (RSPO), which is given for palm oil produced with environmental and social consideration, or by an equivalent certifying body is confirmed. Support is only provided after confirming that forest resources and biodiversity are protected when new plantations are developed and that there are no human rights violations, such as child labor. For those customers that have not yet been certified, obtaining certification is encouraged and supported. We will require our business partners to publicly declare their compliance with NDPE (No Deforestation, No Peat, No Exploitation)."
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Going forward, we will continue to make further enhancements to provide consistent and transparent disclosures to our stakeholders in line with the TCFD recommendations.This report will be updated on a yearly basis"
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No

          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: No
          "The scope of environmental and social risk assessments that take into accountthe Equator Principles is to be expanded for the following business areas andsectors when considering lending.After identifying and evaluatingenvironmental and social risks, appropriate measures are considered. [...] Palm oil plantation development"
        • Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Does the financial institutions have clear thresholds of non-compliance or thresholds of exposure to deforestation risk that trigger engagement processes for clients/holdings?: Yes

          Does the financial institution commit to actively monitor clients/holdings' progress towards their time-bound plans and remediation activities?: No

          Does the financial instution engage with the company to develop a time-bound plan for compliance with the policy?: No

          Does the financial institution engage with the client/holding to support the remediation of any social or environmental non-compliance on the ground?: No
          "In SMBC’s Credit Policy, which contains our overall financing policy, guidelines andrules, we declare that we will cease to provide financial support to borrowers engagedin businesses contrary to public responsibility, or which may have a significant negativeimpact on the global environment."
        • Engagement with non-compliant companies
          0/0
          Engagement with non-compliant companies
          0/0
          Does the financial institution engage with NGOs/CSOs/IPLCs/rightsholders on the ground as part of their engagement?: No
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
    • Soy
      38/90
      • Policy Strength
        12/28
        • Commodity-specific deforestation financing policy
          6.3/8.8
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            Does the policy have specific requirements/expectations of clients/holdings in line with the policy?: No
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)""For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all deals
            No
            0/0.2
            Policy applies to all deals
            No
            0/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all clients/holdings
            No
            0/0.2
            Policy applies to all clients/holdings
            No
            0/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.1/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE...Farm of 10,000 ha or more (e. g. business aimed at cultivating soybeans, natural rubber, coffee, etc., or using it as a grazing land for livestock)"
        • Clients/holdings must be legally operated
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
        • Clients/holdings must monitor operations
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must conduct risk assessments
          3.6/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all operations and financing
            No
            0/0.2
            Policy applies to all operations and financing
            No
            0/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            " when considering financing for any large-scale project (farm of 10,000 ha or more) [...] we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc"
        • Clients/holdings must specify a cut-off date
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Target date for policy implementation
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Associated Human Rights Abuses
        12/27
        • Clients/holdings must test Free, Prior and Informed Consent
          3.8/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            Does the financial institution require the client/holding to cease acquisition/expansion unless FPIC is given?: No
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "Our Clients [...] obtain Free, Prior and Informed Consent (FPIC) from indigenous peoples impacted by the project"
        • Clients/holdings must have a grievance mechanism
          3.6/3.8
          • Commitment details
            Required
            3/3
            Commitment details
            Required
            3/3
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "SMBC adopted the Equator Principles in January 2006, in order to not only ensure that the projects we finance are developed in a manner that is socially and environmentally responsible but to also fulfill SMBC's corporate social responsibility (CSR) and provide high quality financial services across the globe. [...] The financial products within the scope of the Equator Principles are required to follow all of the principles below. [...] Grievance Mechanism [...] Transactions subject to the Equator Principles [...] Project Finance transactions (by Category) Project Related Corporate Loans (by Category) Project Related Refinance and Project Related Acquisition Finance Project Finance Advisory Services"
        • Clients/holdings must respect labour rights
          2.3/3.8
          • Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Commitment details
            Clients/holdings own operations - Required
            1.5/3
            Does the financial institution ask the client/holding to protect the health and safety of its own operations or its supply chain workers?: No
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] SMBC GROUP, as a global financial institution, is committed to respecting human rights as articulated in fundamental principles such as “the United Nations Universal Declaration of Human Rights”, “the International Labour Organization’s Declaration of Fundamental Principles and Rights at Work”
        • Clients/holdings must address gender equality issues
          1.8/3.8
          • Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Required
            1/3
            Commitment details
            Clients/holdings must address gender related worker and labour rights only for own operations - Required
            1/3
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "This Statement expresses SMBC GROUP's position on human rights [...] SMBC GROUP's customers, suppliers and all other relevant stakeholders are also expected to comply with this Statement. [...] should strive to ensure that it provides a workplace free from any type of abuse of employees’ human rights, including but not limited to forced labor, harassment and discrimination without distinction of any kind such as race, gender, sexual orientation, gender identity, religion, creed, national origin, disability, family status and birth status."
        • Clients/holdings must encourage the inclusion of small-scale farmers
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Clients/holdings must respect customary rights to land, resources, and territory
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
        • Zero tolerance approach to violence and threats
          0/3.8
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.2
          • Policy applies to all deals
            No
            0/0.2
          • Policy applies to all clients/holdings
            No
            0/0.2
          • Policy applies to all stages of the supply chain
            None
            0/0.2
      • Implementation and Reporting
        15/35
        • Assess client/holding exposure prior to onboarding
          Yes, for human rights abuse risk; Yes, for deforestation/conversion risk
          5/5
          Assess client/holding exposure prior to onboarding
          Yes, for human rights abuse risk; Yes, for deforestation/conversion risk
          5/5
          Does the financial institution publish the risk assessment framework/tool used?: No

          Does the financial institution publish the outcome of the risk assessment?: No
          “For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor. Among them, especially regarding large-scale farm (*) development projects, we will require them to publicly declare their compliance with NDPE. In addition, when considering financing for any large-scale project, not limited to farm development projects, we will surely conduct environmental and social risk assessments as per the Equator Principles, while closely monitoring the applicant's stance on the following points: impact on virgin forests and ecosystems and mitigation measures for the foregoing; inclusion of peatland development; considerations for workers and local residents, etc.”
        • Require disclosure of projects/locations
          No reporting
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "Going forward, we will continue to make further enhancements to provide consistent and transparent disclosures to our stakeholders in line with the TCFD recommendations.This report will be updated on a yearly basis"
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Does the financial institution assess the severity of any non-compliance on the ground in forest-risk commodity supply chains in line with the guidance of the Accountability Framework?: No

          Does the financial institution prioritise clients/holdings for engagement based on their compliance monitoring? If yes, do they use thresholds/cut offs to identify these clients/holdings?: No
          "The scope of environmental and social risk assessments that take into accountthe Equator Principles is to be expanded for the following business areas andsectors when considering lending.After identifying and evaluatingenvironmental and social risks, appropriate measures are considered."
        • Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Engagement with non-compliant clients/holdings
          Engage with non-compliant companies, without a time-bound threat of redirection of finance
          2.5/5
          Does the financial institution engage with the client/holding to support the remediation of any social or environmental non-compliance on the ground?: No

          Does the financial institution commit to actively monitor clients/holdings' progress towards their time-bound plans and remediation activities?: No

          Does the financial institutions have clear thresholds of non-compliance or thresholds of exposure to deforestation risk that trigger engagement processes for clients/holdings?: Yes

          Does the financial instution engage with the company to develop a time-bound plan for compliance with the policy?: No
          "In SMBC’s Credit Policy, which contains our overall financing policy, guidelines andrules, we declare that we will cease to provide financial support to borrowers engagedin businesses contrary to public responsibility, or which may have a significant negativeimpact on the global environment."
        • Engagement with non-compliant companies
          0/0
          Engagement with non-compliant companies
          0/0
          Does the financial institution engage with NGOs/CSOs/IPLCs/rightsholders on the ground as part of their engagement?: No
        • Reporting on implementation of the policy
          No
          0/6
        • Green financing product with deforestation/conversion requirements
          No
          0/2
        • Publicly accessible grievance mechanism
          No
          0/2
        • Remediation of environmental or social harms
          No
          0/4
    • Timber, Pulp & Paper
      26/90
      • Policy Strength
        11/28
        • Commodity-specific deforestation financing policy
          6.6/8.8
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "When supporting forest management projects (*2) in countries other than high-income OECD member countries, we will require them to obtain FSC (Forest Stewardship Council) certification or PEFC (Programme for the Endorsement of Forest Certification Scheme) certification, and to declare NDPE compliance. If certification is yet to be acquired, we encourage and support their acquirement, and request them to submit a plan to acquire certification. We also encourage them to enhance their supply chain management and improve traceability to obtain such certification and comply with NDPE through their supply chain.*2 A forest management business refers to business that nurtures and manages forests, which involves cutting down forest trees for the purpose of harvesting and selling them. This policy does not apply to businesses that only cut trees (thinning) for the purpose of forest conservation without the purpose of harvesting and selling them."
          • Policy applies to all operations and financing
            No
            0/0.2
            Policy applies to all operations and financing
            No
            0/0.2
            "When supporting forest management projects (*2) in countries other than high-income OECD member countries, we will require them to obtain FSC (Forest Stewardship Council) certification or PEFC (Programme for the Endorsement of Forest Certification Scheme) certification, and to declare NDPE compliance. If certification is yet to be acquired, we encourage and support their acquirement, and request them to submit a plan to acquire certification. We also encourage them to enhance their supply chain management and improve traceability to obtain such certification and comply with NDPE through their supply chain.*2 A forest management business refers to business that nurtures and manages forests, which involves cutting down forest trees for the purpose of harvesting and selling them. This policy does not apply to businesses that only cut trees (thinning) for the purpose of forest conservation without the purpose of harvesting and selling them."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "When supporting forest management projects (*2) in countries other than high-income OECD member countries, we will require them to obtain FSC (Forest Stewardship Council) certification or PEFC (Programme for the Endorsement of Forest Certification Scheme) certification, and to declare NDPE compliance. If certification is yet to be acquired, we encourage and support their acquirement, and request them to submit a plan to acquire certification. We also encourage them to enhance their supply chain management and improve traceability to obtain such certification and comply with NDPE through their supply chain.*2 A forest management business refers to business that nurtures and manages forests, which involves cutting down forest trees for the purpose of harvesting and selling them. This policy does not apply to businesses that only cut trees (thinning) for the purpose of forest conservation without the purpose of harvesting and selling them."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "When supporting forest management projects (*2) in countries other than high-income OECD member countries, we will require them to obtain FSC (Forest Stewardship Council) certification or PEFC (Programme for the Endorsement of Forest Certification Scheme) certification, and to declare NDPE compliance. If certification is yet to be acquired, we encourage and support their acquirement, and request them to submit a plan to acquire certification. We also encourage them to enhance their supply chain management and improve traceability to obtain such certification and comply with NDPE through their supply chain.*2 A forest management business refers to business that nurtures and manages forests, which involves cutting down forest trees for the purpose of harvesting and selling them. This policy does not apply to businesses that only cut trees (thinning) for the purpose of forest conservation without the purpose of harvesting and selling them."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.2/0.2
            "When supporting forest management projects (*2) in countries other than high-income OECD member countries, we will require them to obtain FSC (Forest Stewardship Council) certification or PEFC (Programme for the Endorsement of Forest Certification Scheme) certification, and to declare NDPE compliance. If certification is yet to be acquired, we encourage and support their acquirement, and request them to submit a plan to acquire certification. We also encourage them to enhance their supply chain management and improve traceability to obtain such certification and comply with NDPE through their supply chain.*2 A forest management business refers to business that nurtures and manages forests, which involves cutting down forest trees for the purpose of harvesting and selling them. This policy does not apply to businesses that only cut trees (thinning) for the purpose of forest conservation without the purpose of harvesting and selling them."
        • Clients/holdings must be legally operated
          1.8/2.8
          • Commitment details
            Clients/holdings own operations - Required
            1/2
            Commitment details
            Clients/holdings own operations - Required
            1/2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all operations and financing
            All financing
            0.2/0.2
            Policy applies to all operations and financing
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all deals
            All financing
            0.2/0.2
            Policy applies to all deals
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all clients/holdings
            All financing
            0.2/0.2
            Policy applies to all clients/holdings
            All financing
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; Financiers
            0.2/0.2
            "For any business involving deforestation, we provide them with support only after having confirmed as per the laws and regulations of respective country that there is no illegal deforestation, burning, nor illegal labor."
        • Clients/holdings must monitor operations
          2.8/3.8
          • Commitment details
            Yes, a mechanism to monitor compliance - Require; Yes, a traceability system - Encourage
            2.3/3
            Commitment details
            Yes, a mechanism to monitor compliance - Require; Yes, a traceability system - Encourage
            2.3/3
            What type of assurance mechanism is used?: Assurance mechanism; Traceability system
            "When supporting forest management projects (*2) in countries other than high-income OECD member countries, we will require them to obtain FSC (Forest Stewardship Council) certification or PEFC (Programme for the Endorsement of Forest Certification Scheme) certification, and to declare NDPE compliance. If certification is yet to be acquired, we encourage and support their acquirement, and request them to submit a plan to acquire certification. We also encourage them to enhance their supply chain management and improve traceability to obtain such certification and comply with NDPE through their supply chain.*2 A forest management business refers to business that nurtures and manages forests, which involves cutting down forest trees for the purpose of harvesting and selling them. This policy does not apply to businesses that only cut trees (thinning) for the purpose of forest conservation without the purpose of harvesting and selling them."
          • Policy applies to all operations and financing
            No
            0/0.2
            Policy applies to all operations and financing
            No
            0/0.2
            "When supporting forest management projects (*2) in count