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Public Profile
Services Auxiliary to Financial Intermediation
FR
updated 2 minutes ago

Societe Generale

Company website

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.

67

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.

29

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.

85%

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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 for Scope 1, 70,108,000 kg CO2e for Scope 2 (market-based), and 44,216,611,000 kg CO2e for Scope 3. In 2023, the total emissions were about 184,000,000 kg CO2e, comprising 22,807,000 kg CO2e (Scope 1), 3,670,460 kg CO2e (Scope 2), and 83,071,000 kg CO2e (Scope 3). 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 targets a 10% reduction in upstream oil and gas emissions by 2025, also compared 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 committed to achieving net-zero emissions across all scopes by 2050, aligning its operations and portfolios with the goals of the Paris Agreement. This commitment includes a focus on reducing the carbon intensity of its automotive sector activities by 51% by 2030, compared to 2021 levels. 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 initiatives reflect a strong commitment to sustainability and responsible banking practices.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2018201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Societe Generale's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Societe Generale is in FR, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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