Societe Generale

Societe Generale, a commercial banking institution headquartered in France, has established significant climate commitments and reported its carbon emissions. For the reporting year 2025, the bank reported a total of approximately 77.2 billion kg CO2e. This total comprises Scope 1 emissions of roughly 34.8 million kg CO2e, and Scope 2 emissions (market-based) of approximately 38.7 million kg CO2e. The majority of its emissions are attributed to Scope 3, totalling about 77.1 billion kg CO2e. Key contributors within Scope 3 for 2025 include investments, amounting to approximately 43 billion kg CO2e, and the use of sold products, with about 14 billion kg CO2e.

In 2024, Societe Generale reported total emissions of approximately 79.4 billion kg CO2e. Scope 1 emissions stood at around 42.9 million kg CO2e, and Scope 2 emissions (market-based) were approximately 70.1 million kg CO2e. Scope 3 emissions for 2024 were reported at approximately 79.3 billion kg CO2e, with investments being the largest component at about 44.2 billion kg CO2e.

Societe Generale has set ambitious targets to reduce its greenhouse gas (GHG) emissions. It has committed to a 50% reduction in Scope 1 and 2 GHG emissions, as well as Scope 3 emissions, by 2030, relative to a 2019 baseline. This target is part of a broader commitment to align its portfolios with trajectories aiming for carbon neutrality by 2050, supporting the goal of limiting global warming to 1.5°C, as a founding member of the Net Zero Banking Alliance. The bank is also working towards reducing the emission intensity of its financing in sectors such as the automotive and commercial real estate industries. Furthermore, it aims to reduce its exposure to upstream oil and gas by 80% by 2030 versus 2019 and to reduce associated greenhouse gas emissions in its lending portfolio by 70% in absolute terms by the same year.

The bank's commitment extends to an IEA Net Zero 2050 scenario. For instance, it has a specific target to reduce scope 3 absolute emissions linked to the end-use of oil and gas production by 30% by 2030 (versus 2019). In the past, the bank had also set targets to cut greenhouse gas emissions by 25% per occupant by 2020 compared to 2014 levels.