SMBC Strengthens Strategic Capital and Business Alliance with Asuene
Sumitomo Mitsui Financial Group has announced its decision to further strengthen its strategic capital and business alliance with Asuene, with the aim of accelerating decarbonization in Japan and on a global scale.
Sumitomo Mitsui Banking Corporation and Asuene have agreed that “Sustana”, a cloud service provided by SMBC to support corporates in the calculation and reduction of greenhouse gas (GHG) emissions, will be succeeded by Asuene and merged with Asuene’s products in the future.
SMFG has also invested additional capital into Asuene.
SMBC and Asuene firstly entered a strategic capital and business alliance in June 2024. In addition to assisting corporates in visualizing GHG emissions and assessing sustainability factors across the entire supply chain, SMBC will continue to scale up the co-creation of a wide range of decarbonization solutions, such as consulting services, energy-saving equipment and EV leasing, emissions calculation from corporate card payment data, and joint development of sustainable finance products.
“Sustana” services will continue to be provided until “Sustana” is fully integrated into Asuene. Full integration with Asuene is in consideration approximately one year after the succession. SMBC will work closely with related parties to finalize the details.
Decarbonization and sustainability related needs of domestic and overseas customers are shifting from the company level to the supply chain level and are growing increasingly sophisticated and complex. To meet these needs, SMBC and Asuene will combine Asuene’s capabilities in advanced system development and customer support with SMBC Group’s comprehensive financial capabilities and domestic and overseas networks in order to contribute to maximizing customers’ corporate value through GHG reduction solutions.
SMBC Group set “Create Social Value” as one of the core pillars of its policy in its Medium-Term Management Plan, “Plan for Fulfilled Growth.” By strengthening SMBC Group's partnership with Asuene, SMBC will be able to utilize decarbonization as an entry point to support the transformation of companies and supply chains and contribute to the realization of a sustainable society.
