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 79.4 million kg CO2e, comprising 42.9 million kg CO2e from Scope 1, 70.1 million kg CO2e from Scope 2, and about 79.3 million kg CO2e from Scope 3 emissions. 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 80% by 2030, alongside a 70% reduction in greenhouse gas emissions linked to its oil and gas lending portfolio across all scopes. The bank is also a founding member of the Net Zero Banking Alliance, pledging to align its operations and portfolios with the goal of achieving carbon neutrality by 2050, in line with the Paris Agreement. These commitments reflect Société Générale's proactive approach to addressing climate change and its dedication to sustainable banking practices.
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Access structured emissions data, company-specific emission factors, and source documents
| 2007 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 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.
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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.
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Frequently Asked Questions
Common questions about Societe Generale's sustainability data and climate commitments