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.
General incorporated association work with Pride (wwP) that supports the promotion and establishment of LGBTQ related diversity management. WwP manages the PRIDE Index and SuMi TRUST Holdings plays a central role in the incorporation of this Index into the managemet of our Group.
In the 2023 fiscal year, Sumitomo Mitsui Trust Holdings, Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Trust Asset Management, Sumitomo Mitsui Trust Business Service, Sumitomo Mitsui Trust Card, Sumitomo Mitsui Trust Club, Sumitomo Mitsui Trust Panasonic Finance, Custody Bank of Japan, Sumitomo Mitsui Trust Life Partners, and Sumitomo Mitsui Trust General Service received the Gold Award on this Index.
Nikko Asset Management was also awarded a Gold rating for its standalone initiatives for the five consecutive years.
SuMi TRUST Bank has also received the Rainbow Award for three consecutive years, an accolade that recognizes businesses implementing collective impact initiatives.
Towards an LGBTQ Friendly Financial Group
SuMi TRUST Holdings 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.