Societe Generale Sustainability Profile
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 55 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Societe Generale's reported carbon emissions
In 2024, Société Générale reported total greenhouse gas emissions of approximately 79,391,731,000 kg CO2e, with emissions distributed across various scopes: 42,867,000 kg CO2e for Scope 1, 70,108,000 kg CO2e for Scope 2 (market-based), and approximately 79,278,756,000 kg CO2e for Scope 3. The bank has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1, 2, and 3 emissions by 2030 relative to 2019 levels. Additionally, Société Générale has committed to reducing its upstream oil and gas exposure by at least 10% by 2025 and has recently increased this target to an 80% reduction by 2030. The bank is also a founding member of the Net Zero Banking Alliance, pledging to align its operations and portfolios with a trajectory to achieve carbon neutrality by 2050, in line with the Paris Agreement. This commitment includes a target to reduce its internal carbon footprint by 50% between 2019 and 2030. Furthermore, Société Générale aims to reduce the carbon intensity of its automotive deliveries by 40% by 2025. Société Générale's emissions data is sourced directly from its own disclosures, with no cascaded data from parent organizations. The bank's proactive approach to climate commitments reflects its dedication to sustainable banking practices and its role in addressing climate change.
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| 2007 | 2011 | 2012 | 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 35,516,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 159,333,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 98,554,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Societe Generale's Industry?
How Carbon Intensive is Societe Generale's Location?
Societe Generale's Scope 3 Categories Breakdown
Societe Generale's Scope 3 emissions, which increased significantly last year and increased significantly since 2007, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 56% of Scope 3 emissions.
Top Scope 3 Categories
Societe Generale's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Societe Generale has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
