Press Release
August 16th 2024

Contact Information
Sumitomo Mitsui Trust Asset Management Co., Ltd.
Stewardship Development Department
Tel. +81 3 6453 3892
Email: ssglobal@smtam.jp

Sumitomo Mitsui Trust Asset Management accepted as a signatory to theUK Stewardship CodeSumitomo Mitsui Trust Asset Management Company Limited (President: Yoshio
Hishida, hereinafter “SuMi TRUST AM”) has been accepted as a signatory to the
Financial Reporting Council’s (FRC) UK Stewardship Code 2020.
The Stewardship Code provides a framework for the development and implementationof effective stewardship activities. The Stewardship Code defines stewardship as, ‘theresponsible allocation, management and supervision of capital to create long-termvalue for clients and beneficiaries leading to sustainable benefits for the economy, theenvironment and society’. It requires a high level of stewardship activity frominstitutional investors who invest on behalf of savers and pensioners.
At SuMi TRUST AM, we have established a global tri-polar structure with dedicated staff
from the Stewardship Development Department in Tokyo, London and New York, andhave been working to enhance our stewardship activities while researching the latesttrends in ESG.
As a ‘responsible institutional investor’, we will continue to promote stewardship
activities based on the three pillars of engagement, voting and incorporating ESG
factors into investment decision-making processes, with ‘fiduciary duty practice’ and‘conflict of interest management’ as the foundation. We will continue to aim to
maximise medium- and long-term investment returns on the assets entrusted to us by
our customers by enhancing the corporate value of the companies in which we invest.
To be accepted as a signatory to the Code, a company must report to the FRC on its
stewardship activities over the past 12 months. We believe that our acceptance as asignatory organisation objectively confirms that our stewardship activities are in linewith the 12 principles set out in the Code.
To access our report, please visit the FRC’s website below.
Sumitomo_Mitsui_Trust_AssetManagement_stewardshipCoadeApril2024_0416.pdf(frc.org.uk)

1About SuMi TRUST AM
SuMi TRUST AM is one of the largest asset management companies in Japan and Asia, withover USD 590 billion* in assets under management. As a responsible institutional investor
with the corporate vision of “Realizing opportunities today to ensure sustainable prosperity
for tomorrow”, SuMi TRUST AM is committed to addressing ESG issues from a global
perspective through constructive dialogue with companies in its portfolio and collaboration
with international organizations promoting ESG efforts in various fields. In addition topursuing new forms of asset management that is appropriate for the times, by contributing
to the development of a more prosperous and sustainable society, we will strive tomaximize the medium- to long-term investment returns of our customers.
(*) As of the end of June 2024

Disclaimer
This document has not been approved by or registered with any regulatory orgovernmental authority in any jurisdiction. The information and opinions contained in thisdocument do not purport to be full or complete and do not constitute investment advice. All
copyrights regarding this material, other than the parts quoted from other companies’
materials, belong to Sumitomo Mitsui Trust Asset Management Co., Ltd. This material may
not be used or reproduced in part or in whole for any purpose without its express
permission. Should you have any questions as to this material, please address them to its
Global Business Development Department or Stewardship Development Department.

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