Societe Generale
Carbon footprint
Primary Climate Goal
Societe Generale aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019
Secondary Climate Goal
Societe Generale aims to achieve carbon neutrality for all Scopes by 2050
GHG emissions and Carbon intensity
Societe Generale reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 135 Kt (-7.1 /-5% y-o-y). Also positively, carbon intensity plummeted to 4.5 t (-2 /-30.8% y-o-y).
Societe Generale's Scope 3 emissions decreased sharply to 56 Kt (
The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -5.7 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -6.6 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Societe Generale aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.