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
Sumitomo Mitsui Trust Group has achieved the highest “Gold” rating on the PRIDE Index, an evaluation framework established by the work with Pride Association to assess corporate initiatives related to LGBTQ inclusion.
The following six group companies jointly received the Gold rating:
- Sumitomo Mitsui Trust Group
- Sumitomo Mitsui Trust Bank, Limited
- Sumitomo Mitsui Trust Asset Management Co., Ltd.
- Sumitomo Mitsui Trust Business Service Co., Ltd.
- Sumitomo Mitsui Trust Club Co., Ltd.
- Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
Sumitomo Mitsui Trust Bank was awarded the Gold rating for nine consecutive years starting in 2017, and the group’s joint application achieved this status for seven years in a row beginning in 2019.
In addition, Amova Asset Management Co., Ltd. received the Gold rating through an individual application, and was also awarded the Rainbow Certification, which recognizes organizations that promote cross-sector collaboration with municipalities, NPOs/NGOs, and other entities to advance inclusive workplaces and communities.
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.
