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 67 is higher than 85% 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
In 2024, Société Générale reported total greenhouse gas emissions of approximately 79,391,731,000 kg CO2e, with emissions distributed across various scopes: 42,867,000 kg CO2e (Scope 1), 70,108,000 kg CO2e (Scope 2, market-based), and 44,216,611,000 kg CO2e (Scope 3). The previous year, 2023, saw total emissions of about 184,000,000 kg CO2e, with Scope 1 emissions at 22,807,000 kg CO2e, Scope 2 at 36,704,600 kg CO2e, and Scope 3 at 83,071,000 kg CO2e. Société Générale has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by at least 50% by 2030, relative to 2019 levels. Additionally, the bank has committed to a 10% reduction in upstream oil and gas emissions by 2025, also relative to 2019. In September 2023, the Group announced a new target to reduce its exposure to upstream oil and gas by 80% by 2030, alongside a 70% reduction in absolute greenhouse gas emissions linked to its oil and gas lending portfolio across all scopes. The bank is also a founding member of the Net Zero Banking Alliance, pledging to align its operations and portfolios with the goal of achieving carbon neutrality by 2050, in line with the Paris Agreement. This commitment includes a target to reduce its internal carbon footprint by 50% between 2019 and 2030. Société Générale's emissions data and reduction targets are sourced from its own disclosures and are not cascaded from any parent organization. The bank's proactive approach to climate action reflects its commitment to sustainable banking practices and its role in addressing climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 27,938,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 151,548,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 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.
