Societe Generale
Société Générale, a prominent French multinational banking and financial services company, is headquartered in Paris, France. Founded in 1864, it has established a strong presence across Europe, Africa, and Asia, making it a key player in the global financial landscape. The bank operates primarily in the retail banking, corporate and investment banking, and asset management sectors. Société Générale is renowned for its innovative financial solutions, including tailored investment strategies and comprehensive risk management services. Its commitment to sustainability and digital transformation sets it apart in the competitive banking industry. With a robust market position, Société Générale has received numerous accolades for its services, reflecting its dedication to excellence and customer satisfaction.
DitchCarbon Score
How does Societe Generale's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Societe Generale's score of 62 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Societe Generale's reported carbon emissions
As of 2024, Societe Generale has reported significant carbon emissions across various scopes. The total emissions for the year amounted to approximately 166,035,000 kg CO2e, which includes 22,807,000 kg CO2e from Scope 1, 60,158,000 kg CO2e from Scope 2, and 83,071,000 kg CO2e from Scope 3. The bank has set ambitious climate commitments, aiming for net zero emissions across all greenhouse gas emission scopes (1, 2, and 3) by 2050. Additionally, Societe Generale has established a near-term target to reduce absolute carbon emissions related to the end use of oil and gas production by 30% between 2019 and 2030. For direct CO2 emissions (Scope 1), the bank aims for a 50% reduction by 2030 from a 2019 baseline. Similarly, it targets a 50% reduction in Scope 2 emissions over the same timeframe. These initiatives reflect Societe Generale's commitment to addressing climate change and aligning with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 26,824,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 113,792,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 116,737,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Societe Generale is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
