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 58 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Societe Generale's reported carbon emissions
In 2023, Société Générale reported total carbon emissions of approximately 166,035,000 kg CO2e. This figure includes 22,807,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 60,158,000 kg CO2e from Scope 2 emissions, based on a market-based approach. Notably, Scope 3 emissions accounted for about 83,071,000 kg CO2e, with business travel being a significant contributor at 83,071,000 kg CO2e. The bank has set ambitious climate commitments, aiming for net-zero emissions across all scopes (1, 2, and 3) by 2050. Additionally, Société Générale has committed to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2021 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi), aligning with the goal of limiting global warming to 1.5°C. In previous years, emissions were as follows: in 2022, total emissions were approximately 167,998,000 kg CO2e; in 2021, they were about 164,000,000 kg CO2e; and in 2020, emissions reached approximately 197,000,000 kg CO2e. The data indicates a trend towards reducing emissions, particularly in Scope 1 and 2, as part of their broader sustainability strategy. Société Générale's commitment to climate action reflects its recognition of the financial sector's role in addressing climate change and its dedication to sustainable practices.
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 committed to some reduction initiatives 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.
