Société générale

"Société Générale's net zero target is to achieve carbon neutrality by 2050. Net Zero Tracker
This target covers scope 1, 2, and 3 emissions but does not include historical emissions. Net Zero Tracker
The company has an interim target for 2025 to become no. 2 worldwide in renewable energy financing and over 50% of renewable energies in the financed electricity mix. Net Zero Tracker
They also aim to reduce the portfolios exposed to oil and gas extraction by 10% by 2025. Net Zero Tracker
An interesting fact about their environmental policy is their commitment to 'Green IT' efforts since signing …"

Current Score (vs. LY)

34.0 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #116

CAC40: #29

Financials: #20

76.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

15.0%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

16.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 24,77724,53123,999
Scope 2 - location-based 75,74387,546118,495
Scope 2 - market-based 60,591NANA
Scope 1-2 - location-based 100,520112,077142,494
Scope 1-2 - market-based 85,368 NA NA
Scope 3 67,47852,80481,363
Total - location-based 167,998164,881223,857
Total - market-based 152,846 NA NA

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 1,806,7392,021,752
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Société générale belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 35.0 2019 2030 Note that all the scope 3 emissions categories are not fully covered

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S3 FULL 2050

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Société Générale by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Yes (nature-based and CCS-based removals)

Additional notes: "Carbon dioxide removals - To address residual emissions (e.g., direct air carbon capture)" (https://www.societegenerale.com/sites/default/files/documents/CSR/climate-and-alignment-report.pdf, p.74/75) (found in the Steel sector emissions reduction) "Transition Investment Fund focused on: Energy transition, Nature-based solutions, Impact-driven investments for the UN SDGs" (p.89/90) "We will also develop our expertise and invest in Nature-Based Solutions for CO₂ sequestration and biodiversity" (p.13/14)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 -
Transparency 23.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 0.0 10.0 -
Commitments 6.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 5.0 10.0 -
Results 5.0 30.0 -
Total 34.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 2.1°C 5.0 / 10.0 -
Total 34.0 / 100.0 -


Available Data Sources

Reporting Year 2022 2021 2021 2020 2020 2019 2019
Source Public Public NZPDU Public NZPDU Public NZPDU
Publication Year 2023 2023 2022 2023 2021 2023 2020
Scope 1 24,777 24,531 24,415 23,999 23,999 26,824 26,722
Scope 2 - location-based 75,743 87,546 110,981 118,495 118,495 113,792 143,791
Scope 2 - market-based 60,591 NA NA NA 83,294 NA NA
Scope 1-2 - location-based 100,520 112,077 135,396 142,494 142,494 140,616 170,513
Scope 1-2 - market-based 85,368 NA NA NA 107,293 NA NA
Scope 3 67,478 52,804 97,380 81,363 10,197,671 116,737 119,556
Total - location-based 167,998 164,881 232,776 223,857 10,340,165 257,353 290,069
Total - market-based 152,846 NA NA NA 10,304,964 NA NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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