Public Profile

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.

42

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.

6

Industry Benchmark

Societe Generale's score of 42 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

94%

Societe Generale's reported carbon emissions

In 2023, Société Générale reported total carbon emissions of approximately 166,035,000 kg CO2e. This figure includes Scope 1 emissions of about 22,807,000 kg CO2e, Scope 2 emissions of approximately 60,158,000 kg CO2e, and Scope 3 emissions of around 83,071,000 kg CO2e. Over the past few years, the bank has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were about 167,998,000 kg CO2e, showing a slight decrease in 2023. The emissions breakdown for 2022 included Scope 1 emissions of approximately 24,777,000 kg CO2e, Scope 2 emissions of about 60,591,000 kg CO2e, and Scope 3 emissions of around 67,478,000 kg CO2e. Société Générale has disclosed emissions across all three scopes (1, 2, and 3) but has not set specific reduction targets or climate pledges as per the latest data. The bank's ongoing efforts reflect a broader industry trend towards transparency and accountability in carbon emissions management.

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20192020202120222023
Scope 1
26,824,000
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
Scope 3
116,737,000
00,000,000
00,000,000
00,000,000
00,000,000

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. Societe Generale is headquartered in FR, which has a rank of very low, indicating very low grid carbon 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 not committed to any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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