Societe Generale

Societe Generale, a commercial banking institution headquartered in France, reported its total carbon emissions in 2025 to be approximately 77.2 billion kg CO2e. This includes Scope 1 emissions of approximately 34.8 million kg CO2e, Scope 2 emissions (market-based) of approximately 38.7 million kg CO2e, and Scope 3 emissions of approximately 77.1 billion kg CO2e. In 2024, the company's total emissions were about 79.4 billion kg CO2e, with Scope 1 at approximately 42.9 million kg CO2e, Scope 2 (market-based) at approximately 70.1 million kg CO2e, and Scope 3 at approximately 79.3 billion kg CO2e. Looking back to 2019, Societe Generale's total emissions were about 257.4 million kg CO2e, comprising Scope 1 emissions of approximately 26.8 million kg CO2e, Scope 2 emissions of about 113.8 million kg CO2e, and Scope 3 emissions of approximately 116.7 million kg CO2e.

Societe Generale has committed to significant climate action. The company aims to achieve net-zero emissions across all GHG emission scopes (1, 2 & 3) from its operations and value chain globally by 2050 at the latest. This long-term commitment is supported by several near-term absolute reduction targets, including a 50% reduction in Scope 1 and 2 GHG emissions by 2030, relative to a 2019 baseline. The company also aims for a 50% reduction in its total carbon footprint between 2019 and 2030. Furthermore, Societe Generale is committed to reducing its Scope 3 absolute emissions linked to the end-use of oil and gas production by 30% by 2030, against a 2019 baseline. In September 2023, Societe Generale intensified its ambition, targeting an 80% reduction in its exposure to upstream oil and gas by 2030 compared to 2019, complemented by a 70% absolute reduction in GHG emissions linked to its oil and gas lending portfolio across Scope 1, 2, and 3. The company is a founding member of the Net Zero Banking Alliance (NZBA) since 2021, undertaking to align its portfolios with trajectories for carbon neutrality by 2050.