Since the launch of its carbon neutral programme in 2007, the Group has been constantly improving its environmental approach. As such, in 2011, Societe Generale was one of the first banks to implement the internal carbon tax, charged to the Group’s business lines and support functions, in order to fund the purchase of ‘carbon credits’.
In 2012, it was decided that the sums collected would be wholly dedicated to initiatives aimed at improving the energy efficiency of Societe Generale’s entities and business lines, thereby adopting an innovative and motivating system.Today, Societe Generale is setting a new target of a 20% reduction in its emissions by 2020 compared to 2014 levels.
More winning initiatives
At the fifth award ceremony for the “Environmental Efficiency Prize” , Societe Generale celebrated the gathering momentum behind its “internal carbon tax” system, which now serves as a benchmark for other large corporate groups.
Established in 2007, this programme has expanded over the years and relies on an innovative dual-incentive scheme. Each year, a carbon tax is collected from Group entities based on their emissions and then is redistributed to reward the best internal environmental efficiency initiatives by means of a contest.
Over the last five years, this system has had remarkable success. The growing participation of our employees, the emergence of new initiatives and the environmental benefits are all evidence that green actions are an opportunity for the bank to create value, innovate and generate savings.
The first European bank to be ISO 50001 certified
Nineteen Societe Generale office buildings in the Ile-de-France region have been ISO 50001 certified. This is a strong sign of the Group's commitment to reducing energy consumption in its buildings, making Societe Generale the first bank to be certified in Europe.
For more information
The environmental policy of the Group has two goals: to reduce the environmental impact of its activities and to promote a rational, optimized use of natural resources and energy.
Discover all our CSR publications for information on our extra-financial efforts and performance.