Sumitomo Mitsui (SMFG) has released an update.
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Sumitomo Mitsui Financial Group, Inc. (SMFG) has expressed opposition to a shareholder proposal recommended by Institutional Shareholder Services for enhancing director competencies on climate-related risks, as outlined for the upcoming 22nd Ordinary General Meeting of Shareholders. SMFG’s Board of Directors believes the recommendation lacks foundation, noting that the company already includes directors with sustainability knowledge. They urge shareholders to align with the board’s view against the proposal, emphasizing existing environmental expertise among the board members.
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