Sumitomo Mitsui Financial Group Inc 2008 AR2
The report outlines Sumitomo Mitsui Financial Group's (SMFG) financial and operational performance for the fiscal year ended March 31, 2008, under its medium-term management plan 'LEAD THE VALUE'. Key highlights include the successful early repayment of public funds and a consolidated net income of ¥461.5 billion. The group actively managed its subprime-related exposure, reducing it to ¥5.5 billion after write-offs and provisions. In sustainability, SMFG promoted environmental businesses through products like SMBC Eco-Loans and carbon-offset housing loans, while also adopting the Equator Principles for social and environmental risk assessment in project finance.
Company: Sumitomo Mitsui Financial Group Inc
Sector: Finance & insurance
Country: Japan
Year: 2008
Type: AR2
Pages: 216
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Sumitomo Mitsui Financial Group Inc
Annual Report
The report outlines Sumitomo Mitsui Financial Group's (SMFG) financial and operational performance for the fiscal year ended March 31, 2008, under its medium-term management plan 'LEAD THE VALUE'. Key highlights include the successful early repayment of public funds and a consolidated net income of ¥461.5 billion. The group actively managed its subprime-related exposure, reducing it to ¥5.5 billion after write-offs and provisions. In sustainability, SMFG promoted environmental businesses through products like SMBC Eco-Loans and carbon-offset housing loans, while also adopting the Equator Principles for social and environmental risk assessment in project finance.
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Document Details
Report Year
2008
Reporting Period
Apr 1, 2007 - Mar 31, 2008
Fiscal Year
2008
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees