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 69 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Societe Generale's reported carbon emissions
In 2024, Societe Generale reported total carbon emissions of approximately 110,878,000 kg CO2e for Scope 2 and 42,867,000 kg CO2e for Scope 1. The bank's Scope 3 emissions included significant contributions from capital goods (10,174,224,000 kg CO2e) and the use of sold products (14,354,645,000 kg CO2e). In 2023, the total emissions were approximately 166,035,000 kg CO2e, with Scope 1 emissions at 22,807,000 kg CO2e and Scope 2 emissions at 60,158,000 kg CO2e. Societe Generale has set ambitious climate commitments, aiming for net-zero emissions across all scopes (1, 2, and 3) by 2050. Additionally, the bank has established a near-term target to reduce its internal carbon footprint by 50% from 2019 levels by 2030. For Scope 1 and Scope 2, the bank has raised its reduction target to 20% by 2025 compared to 2019 levels. Furthermore, it aims for an 80% reduction in exposure to upstream oil and gas by 2030, with an interim target of 50% by 2025. These initiatives align with the Net-Zero Banking Alliance, reinforcing Societe Generale's commitment to sustainable finance and climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
