Sumitomo Mitsui Financial (SMFG) has released an update.
Sumitomo Mitsui Financial Group has formally announced its opposition to shareholder proposals related to climate change management and director nominations, affirming its commitment to addressing climate issues within its existing framework. The company’s Board of Directors maintains that the current Articles of Incorporation already encompass strategies for managing climate risks and opportunities, emphasizing ongoing sustainability initiatives and expertise among board members. In conjunction, the company has unveiled new measures to combat climate change, further detailing these initiatives in a separate report titled ‘Strengthening Efforts against Climate Change’.
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