- Pressure in the interest rate margin in French Retail Banking
- Higher than expected integration costs for LeasePlan
- Less supportive economic and financial environment
- Climate transition risks
- Competitiveness crisis in the euro area
Societe Generale
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-2022 | 292.7K t CO2 eqv. (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 80% reduction in upstream Oil & Gas exposure by 2030 (vs 2019), with 50% reduction by 2025
- Launch of a €1 billion transition investment fund
- 34% reduction in Group's carbon footprint between 2019 and 2023 (on track for 50% by 2030)
- Over €250 billion in sustainable finance by end-2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- CET1 ratio of around 13% by end-2024
- Cost of risk between 25-30 basis points in 2024
- ROTE of over 6% in 2024
- BoursoBank to exceed 7 million customers by 2024
📅 Medium-term
- CET1 ratio of 13% in 2026 (Basel IV)
- Average annual revenue growth of 0-2% between 2022 and 2026
- Cost/income ratio of less than 60% in 2026
- ROTE of between 9% and 10% in 2026
- 80% reduction in Oil & Gas sector by 2030 (vs 2019), 50% by 2025
🔭 Long-term
- Aligning financing portfolios with Paris Agreement-compatible trajectories for carbon neutrality by 2050
🌱 ESG Focus Areas
DecarbonizationSustainable FinanceEnvironmental TransitionUN Sustainable Development GoalsDiversity, Equity, and InclusionResponsible EmployerCulture of ResponsibilityESG Risk ManagementBiodiversity