Societe Generale

Societe Generale, a French commercial banking group, has reported significant greenhouse gas emissions. In 2025, its total emissions were approximately 77.2 billion kg CO2e, comprising about 34.8 million kg CO2e from Scope 1, and approximately 38.7 million kg CO2e from Scope 2 (market-based). Scope 3 emissions were substantial, accounting for around 77.1 billion kg CO2e, with investments being the largest contributor at approximately 43 billion kg CO2e. In 2024, total emissions were around 79.4 billion kg CO2e.

Societe Generale is committed to ambitious climate targets. The bank aims to reduce its Scope 1 and 2 greenhouse gas emissions by at least 50% by 2030, using 2019 as the baseline year. A similar 50% reduction target is set for its Scope 3 emissions within the same timeframe. The company has also committed to aligning its portfolios with trajectories aiming for carbon neutrality by 2050, joining the Net Zero Banking Alliance as a founding member. Furthermore, Societe Generale has set a target to reduce its exposure to upstream oil and gas by 80% by 2030 compared to 2019 levels, alongside a goal to reduce greenhouse gas emissions from its oil and gas lending portfolio by 70% in absolute terms across scopes 1, 2, and 3. Specific sector targets include reducing the carbon intensity of the automotive sector's financed emissions to 90g CO2e per km by 2030, and the commercial real estate sector's carbon intensity to 18kg CO2e per m² by 2030.