Sumitomo Financial invested more in fossil fuels ($44.3 Bn) than in renewables ($1.1 Bn) in 2021-22

Sumitomo Mitsui Financial

Impacts of Investments in the Energy Transition

7: Affordable and Clean Energy

Written by

Ardit N. Jul 26th, 2023

Reviewed by

Luca L.

#fossil fuel financin #Clean Energy #renewable financing #fossil fuel exposure

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Sumitomo Mitsui Financial

Impacts of Investments in the Energy Transition

7: Affordable and Clean Energy

Written by

Ardit N. Jul 26th, 2023

Reviewed by

Luca L.

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The United Nations Sustainable Development Goals (SDGs) are the set of 17 goals agreed by 193 countries covering all the major impact areas we need to focus on. They are a universally recognised framework that allow governments, businesses, medias and civil society to share the same language and agree on a common set of targets to protect the planet and improve society.

At Impaakt, we use the SDGs as an analytical framework to help our contributors structure their work, and our clients compare the impact of different companies according to well-defined, standardized themes.

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Sumitomo Financial invested more in fossil fuels ($44.3 Bn) than in renewables ($1.1 Bn) in 2021-22

Impacts of Investments in the Energy Transition

Assess the impact materiality of this Topic for Sumitomo Mitsui Financial

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Impacts of Investments in the Energy Transition