Societe Generale

Societe Generale's reported carbon emissions

Societe Generale, a commercial banking institution headquartered in France, reported approximately 77.2 billion kg CO2e in total emissions for 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions for the same year were approximately 34.8 million kg CO2e, while Scope 2 emissions (market-based) amounted to approximately 38.7 million kg CO2e. Scope 3 emissions represented the largest portion, totalling approximately 77.1 billion kg CO2e, with significant contributions from investments and the use of sold products. For 2024, Societe Generale reported total emissions of approximately 79.4 billion kg CO2e. Scope 1 emissions were approximately 42.9 million kg CO2e, and Scope 2 emissions (market-based) were approximately 70.1 million kg CO2e. Scope 3 emissions for 2024 were approximately 79.3 billion kg CO2e. Societe Generale has set ambitious climate commitments. Notably, it has pledged to reduce its Scope 1, 2, and 3 greenhouse gas emissions by at least 50% by 2030, relative to 2019 levels. The bank is also committed to aligning its portfolios with trajectories aiming for carbon neutrality by 2050, a commitment reinforced by its founding membership in the Net-Zero Banking Alliance (NZBA). Specific sectoral targets include reducing the carbon intensity of its financing related to electricity production by 18% by 2025 and by 76% by 2040, compared to end-2019 levels. Furthermore, the group aims to reduce its exposure to upstream oil and gas by 80% by 2030 and reduce greenhouse gas emissions linked to its oil and gas lending portfolio by 70% by the same year. Societe Generale also has specific targets for the automotive and commercial real estate sectors, aiming for a reduction in emission intensity in both. In addition to these, a Science Based Targets initiative (SBTi) approval for SOC Corporation indicates a commitment to a 42% reduction in Scope 1 and 2 emissions by 2030 from a 2021 base year.