Establishment of New Environmental Goals: 'SMFL Group Sustainability Action Plan'
Sumitomo Mitsui Finance and Leasing (SMFL) has established its new environmental goals, the 'SMFL Group Sustainability Action Plan.' To achieve carbon neutrality by 2050, the company is shifting to more effective initiatives, setting an interim target of a 42% reduction in Scope 1 and 2 emissions by FY2030.
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- 📰 Published: May 14, 2026 at 00:11
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Sumitomo Mitsui Finance & Leasing Co., Ltd. (President and CEO: Tetsuro Imaeda, hereinafter 'SMFL') is pleased to announce the establishment of its new environmental goals, the 'SMFL Group Sustainability Action Plan,' to further advance its efforts towards carbon neutrality, based on the results of the 'Medium- to Long-Term Environmental Goals' set in fiscal 2022.
**Background of Establishment**
Our company has been promoting initiatives toward the realization of a decarbonized society based on the 'Medium- to Long-Term Environmental Goals,' which has its final year in fiscal 2025. In recent times, responding to the issue of climate change is required to accelerate even further, and corporate sustainability has become a top management priority.
This time, the SMFL Group is taking its conventional goals a step further by setting targets aligned with the more transparent international standard (Paris Agreement's '1.5°C level'). We are also shifting our focus from voluntary offsetting with carbon credits to direct reduction of GHG emissions, thereby promoting highly effective initiatives. Additionally, the new environmental goals will focus on targets centered on GHG emission reduction, and the expansion of sustainability-related business under the 'Medium- to Long-Term Environmental Goals' will be transferred to the KPIs for our material issues.
**New Environmental Goals: 'SMFL Group Sustainability Action Plan'**
The SMFL Group aims to achieve carbon neutrality by 2050, setting an interim target for fiscal 2030 to 'reduce Scope 1 and 2 emissions by 42% for the consolidated group (compared to fiscal 2024)' and 'a target to contribute to the reduction of Scope 3 and society's GHG emissions.'
For the target contributing to the reduction of Scope 3 and society's GHG emissions, we aim for a ratio of new aircraft models of 80% or more in our transportation business. In the real estate business, SMFL and its strategic subsidiary, SMFL Mirai Partners Company, Limited, will work on calculating and disclosing emissions (Scope 3 Category 13) from properties they own. Furthermore, in the global environmental business, we aim to achieve a domestic solar power generation capacity of 1.5 GW, thereby promoting the spread of renewable energy and contributing to the reduction of GHG emissions.
In our action plan for contributing to GHG reduction, we will measure the GHG reduction contribution amount in the circular economy business and promote initiatives for SAF (Sustainable Aviation Fuel) business through inter-departmental and inter-group collaboration. The entire SMFL Group will advance effective measures toward the realization of a decarbonized society.
Through the initiatives of the new environmental goals, 'SMFL Group Sustainability Action Plan,' the SMFL Group will contribute to the reduction of GHG emissions not only for itself but also for the entire supply chain and society as a whole, thereby contributing to the realization of a sustainable society.
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**Background of Establishment**
Our company has been promoting initiatives toward the realization of a decarbonized society based on the 'Medium- to Long-Term Environmental Goals,' which has its final year in fiscal 2025. In recent times, responding to the issue of climate change is required to accelerate even further, and corporate sustainability has become a top management priority.
This time, the SMFL Group is taking its conventional goals a step further by setting targets aligned with the more transparent international standard (Paris Agreement's '1.5°C level'). We are also shifting our focus from voluntary offsetting with carbon credits to direct reduction of GHG emissions, thereby promoting highly effective initiatives. Additionally, the new environmental goals will focus on targets centered on GHG emission reduction, and the expansion of sustainability-related business under the 'Medium- to Long-Term Environmental Goals' will be transferred to the KPIs for our material issues.
**New Environmental Goals: 'SMFL Group Sustainability Action Plan'**
The SMFL Group aims to achieve carbon neutrality by 2050, setting an interim target for fiscal 2030 to 'reduce Scope 1 and 2 emissions by 42% for the consolidated group (compared to fiscal 2024)' and 'a target to contribute to the reduction of Scope 3 and society's GHG emissions.'
For the target contributing to the reduction of Scope 3 and society's GHG emissions, we aim for a ratio of new aircraft models of 80% or more in our transportation business. In the real estate business, SMFL and its strategic subsidiary, SMFL Mirai Partners Company, Limited, will work on calculating and disclosing emissions (Scope 3 Category 13) from properties they own. Furthermore, in the global environmental business, we aim to achieve a domestic solar power generation capacity of 1.5 GW, thereby promoting the spread of renewable energy and contributing to the reduction of GHG emissions.
In our action plan for contributing to GHG reduction, we will measure the GHG reduction contribution amount in the circular economy business and promote initiatives for SAF (Sustainable Aviation Fuel) business through inter-departmental and inter-group collaboration. The entire SMFL Group will advance effective measures toward the realization of a decarbonized society.
Through the initiatives of the new environmental goals, 'SMFL Group Sustainability Action Plan,' the SMFL Group will contribute to the reduction of GHG emissions not only for itself but also for the entire supply chain and society as a whole, thereby contributing to the realization of a sustainable society.
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