Initiatives of Technology Based Finance

SuMi TRUST Bank established the Technology Based Finance (TBF) team in April 2021 as an organization that approaches various issues such as energy, the environment, and resources from a technological perspective. The team is composed of researchers and specialists from a diverse array of fields including hydrogen, batteries, electric power, organic chemistry, inorganic chemistry, machinery, agriculture and urban infrastructure.

The TBF team strives to increase positive impacts and mitigate negative ones by incorporating technological insights into an impact evaluation process and promoting social implementation of innovative technologies, and aims to contribute to the resolution of social issues. Addressing challenges such as climate change, resource circulation, and biodiversity requires social implementation of innovative technologies through research and development, together with full use of existing ones. For that purpose, it is necessary to understand the latest technologies, deepen dialogue with its clients, and provide financing from a scientific perspective. That is why the TBF team has been established.

The fusion of technology, policy, and finance is crucial to the social implementation of technology. The TBF team, in addition to initiatives for impact investments and loans from a technological perspective and the generation of impact businesses, is advancing collaboration with various stakeholders. Its involvement has expanded to include joint research with universities and companies, and exchanges with members of academia, and it has made policy recommendations to government agencies, launched demonstration and model projects in coordination with the policies of various goverment agencies, generated regional support through ESG community finance, and developed financial schemes with local governments and regional banks.

Through technological innovation and the social implementation of technologies, SuMi Trust Bank aims to address social issues and promote the “virtuous circulation of funds, assets, and capital” by creating new businesses and expanding business opportunities.