Sumitomo Mitsui Trust International (SMTI)
SMTI - Legal Entity TCFD report
PurposeThis is Sumitomo Mitsui Trust International (SMTI) first annual entity-level report setting out how
SMTI takes climate-related risks and opportunities into account when administering investments onbehalf of clients and consumers. This entity report should be read in conjunction with Sumitomo
Mitsui Trust Asset Management (SMTAM) TCFD report which is referenced as SMTAM – TCFD Report
2023/24 (https://uk.sumitrust-am.com/responsible-investment#tcfd-report) throughout thisdocument.
Compliance statement
The disclosures in this report, including any group disclosures cross-referenced in it with respect toSMTI, comply with the TCFD recommendations for entity reporting requirements set out in chapter 2of the FCA’s Environment, Social and Governance sourcebook.

Signed: ………………………………………………………………
Name: Hiroki Moritani
Title: Managing Director
Reporting period
This report is prepared as at 31 December 2023 and covers the reporting period from 1 January 2023
to the reporting date.
Delegations and reliance on SMTAM’s group TCFD report
Sumitomo Mitsui Trust International (SMTI) is a wholly owned subsidiary of Sumitomo Mitsui Trust
Asset Management (SMTAM), which is itself wholly-owned by the parent company, Sumitomo Mitsui
Trust Holdings (SMTH).
SMTAM oversees SMTI's management and performance, promotes long-term success, defines
strategic priorities, monitors management's performance, and ensures effective controls andadequate resources. As a constituent of the SMTH group, SMTAM produces climate-related financial
disclosures consistent with TCFD Recommendations and Recommended Disclosures. These
disclosures are relevant to SMTI (which follows a consistent approach on climate risks andopportunities at legal entity level) and cover the assets managed by SMTI that fall within its TCFD inscope business under the FCA rules.

Governance
Disclose the organisation’s governance around climate-related risks and opportunities.
Governance:
The Board of SMTI fully recognises the imperative of establishing and testing high governancestandards for climate-related risks and opportunities. This critical initiative involves developing
robust policies and procedures to ensure compliance with regulatory requirements for climatechange and other ESG responsibilities.
As sustainability-related matters continue to gain significance for firms and investors, it is crucial
that SMTI proactively addresses these issues. Through diligent review of reports and engaging indiscussions to drive progress and innovative implementation ideas, the Board effectively steers
SMTI’s approach to climate change and other ESG matters, integrating this into SMTI’s Board Termsof Reference.
Further details about group governance are addressed in the Governance section of the SMTAM –TCFD Report 2023/24. Please also see ‘Delegations’ section above and SMTAM – TCFD Report
2023/24 (https://uk.sumitrust-am.com/responsible-investment#tcfd-report) (pages 5-6) Climaterelated governance, which highlights how SMTAM’s Board/Committee are structured and how they
oversee climate-related risks and opportunities.
Strategy
Disclose the actual and potential impacts of climate-related risks and opportunities on theorganisation’s businesses, strategy, and financial planning where such information is material.
Strategy: These recommendations are addressed in the Strategy of SMTAM – TCFD Report
2023/24, and a consistent approach is adopted at SMTI entity level. (https://uk.sumitrustam.com/responsible-investment#tcfd-report) (pages 6-9).
Risk Management
Disclose how the organisation identifies, assesses, and manages climate-related risks.
Risk management: These recommendations are addressed in the Risk management section of
SMTAM – TCFD Report 2023/24, and a consistent approach is adopted at SMTI entity level.
(https://uk.sumitrust-am.com/responsible-investment#tcfd-report) (pages 10-26).
Metrics and Targets
Disclose the metrics and targets used to assess and manage relevant climate-related risks andopportunities where such information is material.
Metrics and targets: Our overarching metrics and targets are provided in the Metrics and target
section of SMTAM – TCFD Report 2023/24. (https://uk.sumitrust-am.com/responsibleinvestment#tcfd-report) (pages 27-29).
As a responsible institutional investor, we are dedicated to reducing greenhouse gas emissions in
the companies we invest in. We do this through engaging with and using our voting rights,
collaborating with stakeholders such as asset owners and government agencies, improving ourinvestment strategies, and offering investment opportunities with ESG aspects on client requests.
Our goal is to support our investee companies in achieving net zero greenhouse gas emissions by2050, which aligns with our commitment. SMTI does not set specific metrics, however engagement
activities are provided to Senior Management at least monthly, and Climate-related risks aremonitored as part of the SMTI’s Risk Management Framework.