Societe Generale

Diversified Banks
GLE.PA
€ 21 (2.6)%
Share price
$ 17 bn
Market Cap
$ 17 bn
Enterprise Value

Carbon footprint

7.8 Ton
GHG emissions per $ 1 mln investment
0.2x the weighted average for S&P 500
FY2021
How is this calculated?
-5%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Societe Generale aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
Societe Generale's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Societe Generale aims to achieve carbon neutrality for all Scopes by 2050


This target has not been verified as science based according to SBTi
Societe Generale's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Societe Generale's GHG emissions (location-based) (Kt of CO2e)
Societe Generale's Carbon intensity (Tons per 1 USDm)

Societe Generale's carbon footprint

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 4.4 t (-1.1 /-20% y-o-y).

Societe Generale's Scope 3 emissions decreased sharply to 56 Kt (-26 /-31.4% y-o-y). This is a higher rate of decline than over the period since 4Q'18 (-18% CAGR).

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 -5.6 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.

Company environmental metrics

Show more...