Encouraging GreaterUnderstanding of Human Rights and LGBTQ
Encouraging Greater Understanding of Human Rights and LGBTQ
The SuMi TRUST Group has established a Human Rights Policy as a key component of its Basic Policy Regarding Social Responsibility. The Group not only aims to build a sustainable society, but also respects the human rights of all stakeholders involved in its corporate activities. The prohibition of discrimination against any person who identifies as LGBTQ is also clearly stipulated in our Human Rights Policy.
Addressing LGBTQ issues
SuMi TRUST Bank continuously runs workplace-based human rights training sessions, as well as educational programs as part of new employee training and rank-based training. Other initiatives include the promotion of installation of all-gender restrooms and the launch of a system allowing employees in a same-sex marriage to use marriage leave. In terms of services for clients, same-sex couples can now take out a mortgage loan together at SuMi TRUST Bank by simply submitting a specified notarized document that recognizes them to be spouses.
PRIDE index
General incorporated association work with Pride (wwP) that supports the promotion and establishment of LGBTQ related diversity management. WwP manages the PRIDE Index and SuMiTG plays a central role in the incorporation of this Index into the managemet of our Group.
Ten companies; namely SuMi TRUST Group, SuMi TRUST Bank , Limited, Sumitomo Mitsui Trust Asset Management Co., Ltd., Sumitomo Mitsui Trust Business Service Co., Ltd., Nikko Asset Management Co., Ltd., Sumitomo Mitsui Trust Card Co., Ltd., Sumitomo Mitsui Trust Club Co., Ltd., Sumitomo Mitsui Trust Panasonic Finance Co., Ltd., Custody Bank of Japan, Ltd., Sumitomo Mitsui Trust General Service, Inc., collectively received the “Gold” rating in 2024 for two straight years.
SuMi TRUST Bank and Nikko Asset Management earned the Gold rating and the Rainbow Award, which acknowledges companies implementing collective impact initiatives across sectors. The former received them for four straight years, while the latter received them for the first time.
Towards an LGBTQ Friendly Financial Group
Sumitomo Mitsui Trust Group has announced its support for the "Business for Marriage Equity," which is a campaign to meant to bring together companies that support equality in marriage, as well as for the "Business for LGBT Equality Support Declaration," which is a campaign to enact the "LGBT Equality Law" in Japan.
Through this support, we hope to contribute to improving the "Well-Being" of customers and society.
