Home › Banks ›
Bank
Société GénéraleFrance

Active

This profile is actively maintained
Last update: 2024-12-17 11:07:34
Société Générale head offices in Paris. Photo: Olivier Passalacqua via Wikimedia Commons (CC BY-SA 2.5)

Active

This profile is actively maintained
Last update: 2024-12-17 11:07:34
Bank info
BankTrack campaigns
All
About
Website http://www.societegenerale.com/
Headquarters
29, boulevard Haussmann
75009 Paris
France
CEO/chair Slawomir Krupa
Chief Executive Officer
Supervisor
Banque de France
Ownership
listed on NYSE

Société Générale's shareholder structure can be accessed here.

Société Générale ("SocGen") is one of the oldest banks in France, dating back to 1864. The original name was Société Générale pour favoriser le développement du commerce et de l'industrie en France. Société Générale offers retail and specialised financial services to 30 million customers in France and in 48 countries worldwide. In addition it provides services to companies, investors and private clients. Its businesses include retail, private, investment and corporate banking; insurance and investment management.

Sustainability
Commitments
Policies
Voluntary standards

Société Générale's most important sustainability commitments can be found at the website sections listed below.

Links

Corporate social responsibility

Sector policies

Oil & Gas sector policy

Bank policy
2025-04-04 00:00:00 | Société Générale

Mining Policy

Bank policy
2025-04-04 00:00:00 | Société Générale

Thermal Power sector policy

Bank policy
2025-04-04 00:00:00 | Société Générale

Thermal Coal sector policy

Bank policy
2025-03-28 00:00:00 | Société Générale

Sustainable Global Transition Banking Framework

Bank policy
2024-04-19 00:00:00 | Société Générale

Tobacco sector policy

Bank policy
2023-09-30 00:00:00 | Société Générale

Defense & Security sector policy

Bank policy
2023-04-30 00:00:00 | Société Générale

Statement on human rights

(Annex 3 of the document)
Bank policy
2022-11-30 00:00:00 | Société Générale

Environmental transition

Bank policy
2022-05-31 00:00:00 | Société Générale

Modern Slavery and Human Trafficking Statement 2022

Bank policy
2022-05-04 00:00:00 | Société Générale

Industrial agriculture and forestry sector policy

Bank policy
2022-02-28 00:00:00 | Société Générale

Dams & Hydropower sector policy

Bank policy
2021-11-30 00:00:00 | Société Générale

Shipping sector policy

Bank policy
2021-11-30 00:00:00 | Société Générale

Societe Generale reinforces its commitments to climate

Bank policy
2021-11-02 00:00:00 | Société Générale

Climate strategy

Bank policy
2020-10-28 00:00:00 | Société Générale

Press release: sector policy on coal power

Bank policy
2020-07-01 00:00:00 | Société Générale

Code of conduct

Bank policy
2019-02-28 00:00:00 | Société Générale

Global Agreement on Fundamental Rights

Bank policy
2019-02-04 00:00:00 | Société Générale

Anti-money laundering questionnaire

Bank policy
2018-07-23 00:00:00 | Société Générale

Sector policy - forestry and forest products

Bank policy
2016-10-31 00:00:00 | Société Générale

Palm Oil Sector Policy

Bank policy
2016-10-31 00:00:00 | Société Générale

Sector policy: agriculture, fisheries and food sector

Bank policy
2016-10-31 00:00:00 | Société Générale

Environmental and social general guidelines for business engagement

Bank policy
2014-09-01 00:00:00 | Société Générale

Sector policy - civil nuclear power

Bank policy
2014-09-01 00:00:00 | Société Générale

Cross-sectorial policy - biodiversity

Bank policy
2014-09-01 00:00:00 | Société Générale
Société Générale has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Collective Commitment to Climate Action (CCCA)Tags: climate change | corporate social responsibility | United Nations
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Observatoire de la responsabilité sociétale des enterprises (ORSE)Tags: corporate social responsibility
OECD Guidelines for Multinational EnterprisesTags: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
Oil and Gas Climate Initiative (OGCI)Tags: corporate social responsibility | oil and gas
Paris Agreement Capital Transition Assessment (PACTA)Tags: corporate social responsibility
Pegasus GuidelinesTags: aviation | corporate social responsibility
Poseidon PrinciplesTags: corporate social responsibility | shipping
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Science Based TargetsTags: climate change | corporate social responsibility
Soft Commodities CompactTags: Deforestation | forest
Sustainable Steel PrinciplesTags: corporate social responsibility
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UN Guiding Principles on Business and Human RightsTags: United Nations | human rights
UNEP Finance InitiativeTags: United Nations | sustainable development
UNESCO World Heritage ConventionTags: cultural preservation | nature conservation | United Nations
United Nations Global CompactTags: United Nations | human rights
Universal Declaration of Human RightsTags: human rights | United Nations
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

Société Générale is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Société Générale's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.
2025-05-20 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK banks’ transition plans “not fit for purpose” – regulation needed

None of the 20 biggest UK and European banks has a credible transition plan to align its business with a 1.5°C aligned trajectory
2025-04-29 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

2024 saw six new banks committing to end finance for metallurgical coal, and an explosion in commitments to decarbonise steel portfolios

2025-03-31 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

International CSOs call on banks to rule out finance for controversial Indian steel and coal project

Of 22 financiers of JSW Steel, none committed not to finance the much-opposed Utkal Steel project in Odisha
2025-03-13 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Coal-free” or a cover-up: Is the mask slipping on EPH’s clean energy transition?

2025-02-12 | Berlin | Beyond Fossil Fuels, Re-set
Blog
BankTrack news BankTrack blog Partner news Partner blog

13 banks will not finance Papua LNG

2025-02-03 | Defund TotalEnergies
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mozambique LNG: Financial institutions so far refrain from taking a stance on allegations of severe human rights violations associated with the project

2025-01-22 | BankTrack, urgewald, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth United States, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘The land belongs to Mozambicans, not to France’

Two week long protest continues against TotalEnergies and its Mozambique LNG gas project for resettlement violations in Afungi Communities, Palma District, Cabo Delgado, Mozambique
2024-11-15 | Justiça Ambiental (JA!)/Friends of the Earth Mozambique
BankTrack news BankTrack blog Partner news Partner blog

European banks channel $230bn to fossil fuel expansion

Banks using transition finance ‘to maintain business as usual’ with fossil fuel companies, non-profits claim
BankTrack mentioned
2024-11-08 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks’ on-going support for fossil fuels is blocking energy transition

2024-11-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks’ low-ambition and incoherent climate targets put net zero goals at risk – new ShareAction analysis

2024-11-05 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

French banks haven’t turned their backs on coal

Reclaim Finance’s analysis reveals that French banks continued to finance companies that are still developing new coal mines or power plants.
2024-10-15 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

International NGOs call for immediate official investigation into reports of series of atrocities committed by Mozambican security forces near TotalEnergies’ Mozambique LNG premises

2024-09-27 | BankTrack, Friends of the Earth Europe, Friends of the Earth Japan, Friends of the Earth US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

World’s biggest banks pledge support for nuclear power

Names including Bank of America, Morgan Stanley and Goldman Sachs boost COP28 goal of tripling capacity by 2050
2024-09-23 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

2024-07-18 | BankTrack, Fair Steel Coalition, Reclaim Finance, SteelWatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

NZBA misses the target on steel: Banks must step up decarbonization efforts

Long awaited guidance will not stop climate chaos
2024-07-08 | Cynthia Rocamora, Reclaim Finance, Julia Hovenier – BankTrack, Paddy McCully, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coalition calls on European and Japanese banks to stop financing methane gas export projects on the United States Gulf Coast

2024-06-28 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions invest billions in arms companies that sell weapons to Israel

2024-06-20 | BankTrack, 11.11.11-Koepel van Internationale Solidariteit, Association France Palestine Solidarité, Cairo Institute for Human Rights Studies (CIHRS), Centre National de Coopération au Développement, European Coordination of Committees and Associations for Palestine, European Legal Support Center, European Trade Union Network for Justice in Palestine, Fagforbundet - Norwegian Union of Municipal and General Employees, FairFin, Handel og Kontor i Norge (HK Norway), International Federation for Human Rights (FIDH), Intersindical Alternativa de Catalunya, Landsorganisasjonen i Norge, Norwegian People, Palestine Solidarity Campaign, PAX, The Rights Forum, Trocaire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental and Social policies of major Amazon oil and gas financiers fail to protect the Rainforest and its peoples

New report reveals that only one of the top six banks financing oil and gas extraction in the Amazon has an effective policy to protect the region
2024-06-11 | San Francisco (Chochenyo and Karkin Ohlone Lands) | Coordinating body of Indigenous Organizations of the Amazon River Basin (COICA), Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fueling climate chaos: the financing of metallurgical coal mining on the rise

Coal for steel received 31.9 billion US$ of financing by banks between 2016 and 2023
2024-05-27 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Don’t be fooled by ArcelorMittal's “low carbon” sponsorship of the Olympic Games
2024-05-08 | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

The Transatlantic Battle to Stop Methane Gas Exports From South Texas

As legal efforts fall short, residents are pursuing a novel strategy to halt the building of export terminals on unspoiled wetlands: Lobby Europeans to reject gas from the U.S.
2024-04-10 | Capital & Main
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs call on banks and investors to cut TotalEnergies’ main source of finance

Some 60 NGOs from around the world signed an open letter calling on banks and investors to stop participating in bonds issued by TotalEnergies
2024-04-10 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Report: Bankrolling Ecosystem Destruction

EU banks have poured €256 billion into sectors that threaten nature and climate
2024-03-27 | Amsterdam | Greenpeace International, Harvest, Milieudefensie
BankTrack news BankTrack blog Partner news Partner blog

Steel Sector Financiers Disclose Climate Alignment for the First Time — and There’s More Work to Do

Findings from the first Sustainable STEEL Principles report
2024-03-27 | RMI
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still butchering the planet

The big-name financiers bankrolling livestock corporations and climate change – 2024 update
2024-03-18 | London | Feedback
BankTrack news BankTrack blog Partner news Partner blog

Banks driving increase in global meat and dairy production, report finds

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
2024-03-18 | London | the Guardian
BankTrack news BankTrack blog Partner news Partner blog

The credit chainsaw

A review of how EU-based banks are pouring billions into deforestation
2024-03-12 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

French banks turn their backs on TotalEnergies in Papua New Guinea

2024-02-26 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
BankTrack news BankTrack blog Partner news Partner blog

GERMANY'S LEAG PLANS CONSTRUCTION OF FOUR GAS POWER PLANTS

Coal miner and power generator LEAG, owned by Czech energy firm EPH, plans to build gas-fired power stations at four locations in Germany
2024-02-23
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays’ climate strategy = greenwashing and business as usual

In early February, Barclays published its revised oil and gas policy; what is striking is the number of references to oil and gas expansion, and the absence of firm measures to cease funding it.
2024-02-14 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate & frontline groups demand banks, insurance, & private equity end LNG backing

Over 100 climate and frontline groups wrote to the finance industry to stop its LNG support
2024-02-05 | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

SocGen to sell stakes in Russian holdings to Potanin’s Rosbank

2023-12-25 | The Business Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Crédit Agricole advances on climate change, but drags its feet

Despite the adoption of ambitious decarbonization targets, the French bank has allowed room to finance new fossil fuel infrastructure projects such as liquefied natural gas (LNG) terminals, as well as companies developing new oil and gas fields or infrastructure. 
2023-12-14 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions continue to have extensive financial ties to companies linked to Israel’s illegal settlements

2023-12-12 | Brussels, Belgium | BankTrack, Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

European Finance Flows fuelling the climate crisis: The role of Article 2.1c under the UNFCCC

The EU’s call for COP28 to address the world’s climate-harming financial flows not matched by its own efforts at home, research by ActionAid reveals
2023-11-30 | ActionAid
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: Four banks quit initiative assessing climate targets

Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit the Science Based Targets Initiative (SBTi)
2023-11-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

124 civil society organisations call on financial institutions to withdraw support for TotalEnergies’ Mozambique LNG project

2023-11-17 | BankTrack, and partners, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon
BankTrack news BankTrack blog Partner news Partner blog

Environmental groups urge funding halt for TotalEnergies' Mozambique project

2023-11-17 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major European banks back mining giant Glencore's toxic legacy in Colombia and Peru

2023-11-16 | Censat, Cinep, CooperAcción, Fair Finance International, Oxfam
Blog
BankTrack news BankTrack blog Partner news Partner blog

The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Sustainable power: banks must step up a gear

A new tracker launched today by 13 NGOs, including Reclaim Finance and BankTrack, reveals the biggest global banks do not have the basic policies and financing targets needed to support decarbonization of the power sector.
2023-10-24 | BankTrack, Bank on our Future, Beyond Fossil Fuels, Climate Action Network France, Finance Watch, Friends of the Earth France, Make My Money Matter, Rainforest Action Network, Reclaim Finance, ReCommon, ShareAction, Sierra Club, WWF
BankTrack news BankTrack blog Partner news Partner blog

Fossil fuel companies are not slowing down. Which banks and lawyers facilitate their growth?

2023-09-26 | Follw the money
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report and blog: Barclays' bond with Adani

For the sake of the climate, human rights - and for its own good - Barclays should cut ties with Adani after the company's recent scandals
2023-09-18 | BankTrack, The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale announces leading climate policy on gas

Société Générale has become one of the most advanced French banks in terms of climate change. Reclaim Finance is calling on Société Générale to confirm its ambition by ceasing to support oil and gas expansion through measures aimed at companies developing new fields.
2023-09-18 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The causes fueling the climate crisis are receiving 20 times more financing than the solutions, new groundbreaking report by ActionAid reveals

2023-09-04 | ActionAid
Blog
BankTrack news BankTrack blog Partner news Partner blog

UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations

2023-08-26 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks raised "green" finance for NordGold and then left communities affected by its Guinean goldmine stranded

Six European and Japanese banks helped mining company Nordgold raise $200 million “ESG-linked” financing. But they failed to address the impacts of its Lefa gold mine in Guinea, where affected people are seeking urgent relocation.
2023-08-24 | Nijmegen, Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Sustainable Steel Principles: One step forward when leaps are needed

Banks must commit to more on fossil-free steelmaking than just measuring and disclosing financed emissions
2023-07-13 | Nijmegen, The Netherlands | Julia Hovenier – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Six French Financial Institutions Still Investing in Myanmar Junta-Linked Firms: Report

BankTrack mentioned
2023-07-07 | The Irrawdaddy
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report names five French banks and a pension fund supporting Myanmar military junta

Crédit Agricole, Groupe BPCE, BNP Paribas and Banque Postale invest in companies propping up the Myanmar military junta
2023-07-06 | Paris | BankTrack, ALTSEAN-Burma, FIDH, Info Birmanie, Justice For Myanmar, Reporters without Borders
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks committed to net zero still funding North Sea oil expansion by Equinor

Over 60 organisations have written to Equinor's biggest bankers warning them not to fund the company's controversial Rosebank oil field due to climate risks.
2023-07-04 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks have a dirty climate secret – but a new initiative could make them come clean

Banks are keeping most of their fossil fuel financing off the books
2023-06-02 | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

Annual General Meetings: how well did they go for the climate?

2023-06-01 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks’ fossil fuel finance is under more scrutiny than ever

As global temperatures rise, so do tensions at banks’ AGMs. But that hasn’t stopped investors, campaigners and people on the front line of the climate crisis holding bank boards accountable.
2023-06-01 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Defund TotalEnergies: a new campaign targets the company’s financial supporters

25 NGOs are launching an international campaign to urge finance to stop being complicit in TotalEnergies’ oil and gas expansion
2023-05-16 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

In the mire: New risk briefing on Rio Tinto’s planned lithium mine in Serbia

2023-04-18 | Mars sa Drine Collective
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

French banks need better decarbonization targets and fossil fuel policies

2023-04-13 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

The human and environmental cost of Europe financing industrial animal farming

2023-04-12 | Friends of the Earth Europe, Justice is Everybody's Business
BankTrack news BankTrack blog Partner news Partner blog

Global banks pledged to cut emissions – but still invest billions in US gas exports

Many banks promised to work toward net-zero emissions – but their targets explicitly exempt liquefied natural gas projects
2023-04-06 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Emissions trap: Financial institutions still feeding the gas industry

2023-04-05 | urgewald, Beyond Fossil Fuels, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

French bank Société Générale withdraws from Rio Grande LNG

After years of campaigning by activists groups and NGOs on both sides of the Atlantic, Société Générale declared to have withdrawn from the highly controversial Rio Grande LNG shale gas export project planned in South Texas.
2023-03-28 | Carrizo Comecrudo Tribe, Les Amis de la Terre France, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

Two banks made clear they will avoid financing Rovuma LNG, but plenty remain in the frame.
2023-03-20 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mozambique shows how JPMorgan Chase and other banks back war and climate chaos

New Banking on Climate Chaos case study
2023-03-16 | BankTrack, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Gaz de schiste : pourquoi la France a dû retourner sa veste

(Article in French)
2023-03-15 | Les Echos
BankTrack news BankTrack blog Partner news Partner blog

European Banks Get Tougher on Oil, Gas

BankTrack mentioned
2023-02-08 | Energy Intelligence
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

French bank SocGen to further reduce exposure to oil and gas production

2022-10-24 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank financiers of harmful wood biomass have no policies addressing impacts, shows new study

A briefing from BankTrack details impacts of the wood biomass industry and calls on banks to exclude sector from finance
2022-10-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rio Grande Valley: at risk from fracked gas terminals

Big banks step away
2022-10-18 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks in Russia now have to help with conscription: Those who stay could be complicit in war crimes

2022-10-11 | Lorena Bisignano – BankTrack, Ryan Brightwell – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses

We report back from the two French bank AGMs of this week, where they were called out on finance for fossil fuels, forest biomass and illegal settlements
2022-05-19 | Giulia Barbos – BankTrack, Hannah Greep – BankTrack, Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

12 banks lend $8 billion to oil and gas expansionist TotalEnergies

2022-05-13 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Mozambique Hires SocGen to Help Refinance Stake in Eni Gas Plant

Mozambique’s Empresa Nacional de Hidrocarbonetos selected Societe Generale SA as financial adviser for the state oil company’s plans to refinance a stake in an offshore natural-gas project led by Eni SpA
2022-04-22 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale ceases its activities in Russia and signs an agreement to sell Rosbank and its Russian insurance subsidiaries

2022-04-11 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Finance and Climate Change report

A comprehensive climate assessment of the world's largest financial institutions
2022-03-28 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Proposed conversion of former coal plant to biomass is a high risk for investors, new study shows

Portugal to decide on future of Pego power station by late February
2022-01-27 | Portugal | Biofuelwatch, Environmental Paper Network, Global Forest Coalition, ZERO
Blog
BankTrack news BankTrack blog Partner news Partner blog

Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

#StopEACOP: 11 banks say “no” to Total in 2021

2021-12-31 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Lack of coal exit plans poses challenge to finance’s engagement strategy

New analysis from Reclaim Finance shows that the vast majority of coal companies are failing to plan for an exit from the sector, despite looming deadlines set by several of their financial backers.
2021-12-21 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Before the Flood: The dam that threatens one of Africa’s oldest national parks

Report reveals Chinese dam builder’s financial ties to banks and asset managers including Industrial and Commercial Bank of China, Standard Chartered, Société Générale, BlackRock and Vanguard.
2021-12-08 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Glasgow wrap-up: updates from banks and civil society at COP26

With COP26 behind us, it’s as clear as ever before that banks must act urgently to help achieve the goal of limiting global warming to 1.5 C.
2021-11-17 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
Blog
BankTrack news BankTrack blog Partner news Partner blog

The climate emergency rings out at Climate Finance Day

Friends of the Earth France and Alternatiba Paris led a civil disobedience action at the Climate Finance Day, making the climate emergency resonate during Bruno Le Maire's opening speech
2021-10-26 | Alternatiba Paris, Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
BankTrack news BankTrack blog Partner news Partner blog

Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
BankTrack news BankTrack blog Partner news Partner blog

European banks storing €20bn a year in tax havens

2021-09-06 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

Banks in spotlight over Belarus regime finance in London

Did international banks break their own ethics policies by helping Belarus's repressive regime issue $1.25bn of state bonds?
2021-06-10 | Open Democracy
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil assets: the new subprimes?

How funding the climate crisis can lead to a financial crisis
2021-06-10 | Institut Rousseau, Les Amis de la Terre, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
BankTrack news BankTrack blog Partner news Partner blog

Eacop’s financing blues as lenders desert $3.5b project

2021-05-04 | The East African
BankTrack news BankTrack blog Partner news Partner blog

Gov’t not bothered about banks refusing to finance EACOP

2021-04-27 | Kampala, Uganda | The Independent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three major French banks will not finance EACOP, according to French media

"The decision has been made, the project is too hard to defend", says bank source
2021-04-23 | BankTrack, #StopEACOP
BankTrack news BankTrack blog Partner news Partner blog

French banks disavow Total’s EACOP plans

2021-04-22 | Energy Voice
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

BNP, Société Générale et Crédit Agricole ne financeront pas le projet de Total en Ouganda

2021-04-21 | Les Echos
Blog
BankTrack news BankTrack blog Partner news Partner blog

More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Over 260 organisations call on banks not to finance Total’s East African Crude Oil Pipeline

With a final investment decision nearing, African and International organisations warn banks against joining $2.5 billion loan for a “manifestly irresponsible” project • New stopeacop.net campaign website launched.
2021-03-01 | International | BankTrack, 350.org Africa, AFIEGO, Inclusive Development International, IUCN NL
BankTrack news BankTrack blog Partner news Partner blog

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 | Cambridge Institute for Sustainability Leadership
BankTrack news BankTrack blog Partner news Partner blog

Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?

How the year's 'Paris-alignment' moves stack up against the measures needed to tackle the climate crisis
2020-12-12 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Société Générale, Crédit Du Nord approve merger of retail banking operations

2020-12-07 | Nasdaq.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Six years of the Soft Commodities Compact failed to slow bank finance for deforestation

New BankTrack research shows need for banks to move beyond certification requirements
2020-12-01 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale: an approach to be completed to stop the development of fossils fuels

2020-10-28 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
BankTrack news BankTrack blog Partner news Partner blog

HSBC and other banks set climate targets for loans and investments

2020-10-01 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale releases a misleading coal phase out policy

(erratum added)
2020-07-31 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

European banks accused of propping up coal polluters

2020-07-15 | London | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Saudi Aramco closes US$10bn loan

2020-05-12 | London | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report on French banks’ colossal carbon footprint

2019-11-28 | Friends of the Earth France, Oxfam France
BankTrack news BankTrack blog Partner news Partner blog

Bank of America, Goldman and SocGen singled out for ‘human rights failings’

Pressure group says four out of five banks are ‘failing’ on human rights — though Citi, Barclays and Dutch bank ABN Amro win praise
BankTrack mentioned
2019-11-26 | Financial News
Blog
BankTrack news BankTrack blog Partner news Partner blog

Twenty percent of Dominican Republic territory at risk from fossil fuel auction, banks warned to steer clear

2019-11-26 | Nijmegen, the Netherlands | CNLCC, Re:Common, BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

French banks still funding coal despite finance minister’s plea

BankTrack mentioned
2019-11-15 | EurActiv
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal finance exit in France – Banks and insurers urged to drop coal expansion clients and make good on commitments

2019-11-14 | Paris, France | BankTrack, Unfriend Coal
BankTrack news BankTrack blog Partner news Partner blog

Climate activists disrupt gas industry conference

2019-11-06 | Friends of the Earth Europe
BankTrack news BankTrack blog Partner news Partner blog

Aramco IPO: These are the banks and advisers on world's biggest sale

2019-11-03 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rio Grande Valley: Big banks urged not to back high risk fracked-gas export terminals

2019-08-14 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

The French banks behind RWE's destruction

2019-07-10 | Guest blog Lorette Philippot, Europe Beyond Coal
BankTrack news BankTrack blog Partner news Partner blog

Leak exposes millions of dollars in new payments in Odebrecht cash-for-contracts scandal

2019-06-25 | International Consortium of Investigative Journalists
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Overly underwhelming - a reflection on Fossil Banks’ AGM season

2019-06-19
Blog
BankTrack news BankTrack blog Partner news Partner blog

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Banks' fossil fuel funding rises, environmental groups warn

BankTrack mentioned
2019-03-21 | S&P Global
BankTrack news BankTrack blog Partner news Partner blog

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Latest distress signal from new financial results another reason for potential financiers to walk away
2019-03-14 | Warsaw, Poland | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

Thirteen Guinean villages lodge complaint against World Bank for financing destructive bauxite mine

Further finance came from a syndicate of commercial banks under the Equator Principles
2019-03-11 | Conakry | Inclusive Development International
Blog
BankTrack news BankTrack blog Partner news Partner blog

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
Blog
BankTrack news BankTrack blog Partner news Partner blog

Trans Adriatic Pipeline: France provides massive financial support to controversial gas project

2019-01-17 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
BankTrack news BankTrack blog Partner news Partner blog

912 activists ‘clean up’ Société Générale despite police repression

2018-12-14 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Behind banks' smokescreen

What banks aren't telling you about their 'climate ambition'
2018-12-13
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Three years after the Paris climate summit, French banks are financing more coal

2018-11-26 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate: Société Générale targeted by “clean-up” actions across France

2018-09-08 | Paris | Friends of the Earth France
BankTrack news BankTrack blog Partner news Partner blog

Tony Blair to meet Salvini to discuss Trans Adriatic Pipeline

2018-09-03 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

A gas pipeline to Italy? Five Star backers sense a betrayal

2018-08-12 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

Masses march against corruption in Dominican Republic

2018-08-12 | teleSUR
Blog
BankTrack news BankTrack blog Partner news Partner blog

Uncertainty over the future of the Trans Adriatic Pipeline, as EBRD envisages loan decision

2018-06-14 | Elena Gerebizza - Re:Common
BankTrack news BankTrack blog Partner news Partner blog

How Kinder Morgan's bankers are funding a tar sands pipeline

2018-05-24 | Sightline Institute
Blog
BankTrack news BankTrack blog Partner news Partner blog

Smoke and mirrors - world's top banks on notice to slash support for coal power development

2018-04-05 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Société Générale – Foot on the gas for fossil fuels

2018-03-05 | Paris | Friends of the Earth France
BankTrack news BankTrack blog Partner news Partner blog

With a little help from the European Commission: TAP and the Southern Gas Corridor

2018-02-23 | Counter Balance
BankTrack news BankTrack blog Partner news Partner blog

EIB approves 1.5 billion Euro loan for TAP gas pipeline

2018-02-06 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Southern Gas Corridor: Dirty as coal

2018-01-30 | 350.org
BankTrack news BankTrack blog Partner news Partner blog

TAP pipeline on course for first gas to Italy in early 2020

2017-12-22 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Banks criticised for funding coal deals despite Paris agreement

BankTrack mentioned
2017-12-11 | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

EU commission urged bank to support Azerbaijan gas pipeline

2017-11-27 | ClimateHome
BankTrack news BankTrack blog Partner news Partner blog

European banks are financing monuments to a bygone fossil fuel era

2017-11-15 | Huffington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Germany tightens the screws on international funds to Turkey

2017-10-25 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investor alert: Deep sea mining project in last-ditch search for capital

Banks and other investors warned to steer clear
2017-10-25 | Nijmegen and Brisbane | BankTrack, Deep Sea Mining Campaign
BankTrack news BankTrack blog Partner news Partner blog

EBRD board approves $500 mln loan for TANAP gas pipeline project

2017-10-18 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

EU bank to decide huge public loan to Europe’s biggest fossil fuel project

2017-10-17 | Climate Home News
Blog
BankTrack news BankTrack blog Partner news Partner blog

Operation Car Wash and a coal plant in the Dominican Republic – anti-corruption protestors are not giving up

2017-10-10 | Luca Manes – Re:Common
BankTrack news BankTrack blog Partner news Partner blog

Scandalo Lava Jato, Santo Domingo si ribella contro la corruzione. E c'entra anche l'Italia

2017-10-03 | l'Espresso
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Azerbaijani Laundromat scandal and the Trans Adriatic Pipeline

Bank financing for fossil fuels is dirty, but how dirty?
2017-09-22 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

TAP announces time of starting offshore section construction

2017-09-19 | Trend
BankTrack news BankTrack blog Partner news Partner blog

Southern Gas Corridor is the missing piece of Azerbaijani Laundromat puzzle

2017-09-07 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Bribes, bulldozers and BP: what makes a gas mega pipeline?

2017-09-07 | Platform
BankTrack news BankTrack blog Partner news Partner blog

Medina’s only option: terminate Odebrecht power plant contract

2017-08-28 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

Punta Catalina perdería el financiamiento europeo que le resta para su terminación

2017-08-04 | Proceso
Blog
BankTrack news BankTrack blog Partner news Partner blog

Punta Catalina – the coal plant project that keeps on giving … a headache to European banks

2017-07-31 | Greig Aitken – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Local residents in Salento resist mega-pipeline

2017-07-23 | 350.org
BankTrack news BankTrack blog Partner news Partner blog

Oil price and Russian pressure put Azerbaijan’s strategic gas project at risk

2017-07-19 | Chatham House
BankTrack news BankTrack blog Partner news Partner blog

EU urged to honour Paris Agreement and withdraw support for gas mega-pipeline

2017-07-03 | 350.org
BankTrack news BankTrack blog Partner news Partner blog

Contribution to the Equator principles development

2017-06-21 | Societe Generale
Blog
BankTrack news BankTrack blog Partner news Partner blog

Ten Equator banks demand decisive action on Indigenous peoples following DAPL debacle

Banks from the Netherlands, France, Spain and Italy press Equator Principles Association for change
2017-06-16 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pipeline action at Société Générale: French banks must not be Trump accomplices

2017-05-22 | Paris, France | Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Societe Generale and Macquarie Capital named financial advisors for Rio Grande LNG project

2017-05-02 | Oil&Gas360
BankTrack news BankTrack blog Partner news Partner blog

The pipeline of the three regimes – major investigation into TAP

2017-04-20 | l'Espresso
BankTrack news BankTrack blog Partner news Partner blog

Des Italiens se battent pour protéger leurs oliviers contre un gazoduc géant soutenu par Vinci et la Société Générale

2017-04-13 | Observatoire des Multinationales
BankTrack news BankTrack blog Partner news Partner blog

Italy court halts TAP pipeline work in Italy

2017-04-06 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Lazio TAR court suspends TAP olive-tree removals

2017-04-06 | ANSA
BankTrack news BankTrack blog Partner news Partner blog

A south Italian village's fight against the fossil fuel industry

2017-03-31 | openDemocracy
BankTrack news BankTrack blog Partner news Partner blog

French Banks’ Dangerous Liaisons with the Israeli Settlement Enterprise

2017-03-31 | Association France Palestine Solidarité
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report reveals links between five French banks and insurance companies and the Israeli settlements

2017-03-29 | Paris | Association France Palestine Solidarité, CCFD - Terre Solidaire, FIDH, LDH, Solidaires
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
BankTrack news BankTrack blog Partner news Partner blog

Italian communities block pipeline works to save ancient olive trees

2017-03-23 | CEE Bankwatch Network
BankTrack news BankTrack blog Partner news Partner blog

Azerbaijan’s lost transparency

2017-03-20 | Carnegie Europe
BankTrack news BankTrack blog Partner news Partner blog

Watchdog suspends Azerbaijan, EU gas pipeline loans threatened

2017-03-10 | Climate Home
BankTrack news BankTrack blog Partner news Partner blog

Azerbaijan risks gas pipeline loans by quitting transparency monitor

Baku reacts to suspension for failing to address civil rights concerns
2017-03-10 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Trans-Adriatic Pipeline a major risk for banks, warns new analysis

2017-02-22 | Brussels
BankTrack news BankTrack blog Partner news Partner blog

Indonesia’s last stand for a coal industry in peril

2017-02-13 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Power plant 'one year behind schedule'

2017-02-08 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

Anti-impunity marches to continue

2017-02-03 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

La Société Générale priée de renoncer à financer la centrale charbon de Punta Catalina

BankTrack mentioned
2017-01-26 | Boursier.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dominicans on the march against Punta Catalina kickbacks, and want financiers out of the coal plant project

2017-01-23 | Greig Aitken – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht corruption in Dominican Republic – Five European banks urged to pull out of dirty coal plant financing

2017-01-18 | BankTrack, Les Amis de la Terre, National Committee to Combat Climate Change
BankTrack news BankTrack blog Partner news Partner blog

Punta Catalina Commission to subpoena top officials

2017-01-17 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

March aims to indict corrupt officials, Odebrecht executives

2017-01-16 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

French bank backs out of financing Indonesian coal plant

Société Générale will not provide financing for the Tanjung Jati coal plant expansion, activists report
2017-01-04 | Mongabay
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal in Indonesia: Société Générale pulls out of financing, Crédit Agricole under pressure to follow

2017-01-03 | Paris | Friends of the Earth France
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale pulls out of financing TJB2

2017 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five European banks pressured not to tolerate corrupt practices at Dominican coal plant project

2017 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht must be terminated: civil society group

2016-12-29 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

Odebrecht $92 million bribe: Just hours to deadline, utility produces papers

2016-12-27 | Dominican Today
BankTrack news BankTrack blog Partner news Partner blog

A graveyard of unfinished work left in development bank’s wake

2016-12-01 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP22: The pressure is growing on banks financing coal expansion in Indonesia

2016-11-18 | Yann Louvel – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate Finance Day: BNP Paribas failing to respect coal finance commitments

One year after COP21, French bank has still not excluded Polish coal company PGE from client list
2016-11-03 | Paris, France | BankTrack, Fair Finance France, Foundation Development YES Open-Pit Mines NO, Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Climat: le Crédit agricole et la Société générale ne financeront pas de nouvelles centrales à charbon

2016-10-28 | Le Monde
BankTrack news BankTrack blog Partner news Partner blog

Charbon: le «double jeu» des banques françaises

2016-10-28 | Liberation
Blog
BankTrack news BankTrack blog Partner news Partner blog

Crédit Agricole and Société Générale announce end to financing of coal power projects

2016-10-27 | Paris, Nijmegen | BankTrack, Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Malgré leurs promesses, les banques restent addicts au carbone

2016-10-04 | L'Humanité
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal: Will the Paris Agreement go up in smoke thanks to Crédit Agricole and Société Générale?

2016-07-27 | Paris | Les Amis de la Terre, BankTrack and Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks warned over raid on pension funds to finance disputed coal plant in Dominican Republic

2016-05-27 | Santo Domingo, Dominican Republic | CNLCC, BankTrack, Les Amis de la Terre France
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indonesia: The climate test for Crédit Agricole and Société Générale

2016-05-19 | Les Amis de la Terre and Greenpeace Indonesia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal: a fraud still being supported by Crédit Agricole and Société Générale

2016-03-30 | Paris | Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Do not fund Southern Gas Corridor with EU money

2016-03-01 | EurActiv
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank financing of staggering Polish coal development plans continues to run deep

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Post-Paris, and the dodgy coal deals are already sprouting up in 2016

2016-02-02 | Greig Aitken – BankTrack, Yann Louvel – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas and Société Générale move away from coal – but not far enough

2015-11-19 | BankTrack and Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bangladesh coal plant “non-compliant with Equator Principles” shows new BankTrack analysis

“Big Three” French banks ruled out financing for Rampal project near Sundarbans World Heritage mangrove forest
2015-06-29 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

French banks say no to Bangladesh coal plant

BankTrack mentioned
2015-06-25 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Three French banks refuse to finance Galilee Basin projects

2015-04-09 | Mining Innovation News
BankTrack news BankTrack blog Partner news Partner blog

French banks refuse to finance Great Barrier Reef coal mines ($)

2015-04-09 | Business Green
BankTrack news BankTrack blog Partner news Partner blog

Les banques françaises se retirent du plus grand projet charbonnier au monde

BankTrack mentioned
2015-04-08 | Le Monde
Blog
BankTrack news BankTrack blog Partner news Partner blog

Victory for the climate and environment: French banks pledge not to finance mega coal projects in Australia's Galilee Basin

2015-04-08 | Montreuil, France; Nijmegen, Netherlands | Friends of the Earth France / BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Big Three” French banks rule out financing for Rampal coal project

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three French banks refuse to finance Galilee Basin projects

2015 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate breakthrough as string of banks dump coal financing

2015 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Societe Generale pulls out of GVK Hancock's long-delayed coal project

2014-12-08 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Under citizen pressure, Société Générale drops out of the Alpha Coal project

2014-12-05 | Bayonne, Montreuil, Paris | Les Amis de la Terre, Bizi! and ATTAC France
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
BankTrack news BankTrack blog Partner news Partner blog

Is GDF’s green bond issue really green?

BankTrack mentioned
2014-07-10 | Environmental Finance ($)
BankTrack news BankTrack blog Partner news Partner blog

BankTrack Blog: “Green Bond” issue risks raising finance for destructive dams

2014-07-09
BankTrack news BankTrack blog Partner news Partner blog

« Si la Société Générale appliquait ses principes sociaux et environnementaux, elle ne resterait pas impliquée une seconde de plus dans le projet Alpha Coal »

2014-06-16 | Observatoire des Multinationales
Blog
BankTrack news BankTrack blog Partner news Partner blog

Action in Bayonne against Société Générale and Alpha Coal

2014-06-02 | Bayonne
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale pressured to step out of Alpha Coal project before AGM starts

2014-05-19 | Paris | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Victory for communities and environmental groups as proposed Kaliningrad nuclear plant is buried

2014-04-24 | Paris | Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Forecaster says mining in Galilee won't go ahead

2014-04-24 | ABC
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale is breaching its own standards in backing massive, risky Queensland coal project, study finds

2014-04-15 | Paris | Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

La Société générale part au charbon dans le bush australien

2014-04-14 | France | Liberation
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australian and French banks target of protests on both sides of the world for investing in Australian coal projects

2014-02-26 | Melbourne and Paris | Market Forces and Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Kaliningrad nuclear plans abandoned

2014 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale drops out of the Alpha Coal project

2014 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale: International mobilization against Alpha Coal Project

2013-10-24 | Paris | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who owns Belo Monte?

The foreign equity participation in the Belo Monte Dam Project
2013-08-29 | GegenStroemung / CounterCurrent
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups mobilize to tell Société Générale to withdraw from the Kaliningrad nuclear project

2013-06-24 | Paris | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investor Alert: GVK's US$10 billion Australian coal project uneconomic, an unacceptable risk

Finanial analysis of GVK Alpha Coal Project in Queensland's Galilee Basin concludes
2013-06-19 | Sydney | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

France must let Kaliningrad nuclear project die !

2013-06-05 | Paris | Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Anti-Areva Protest: Letter to French and European Bankers from Fishermen and Farmers of Jaitapur

2013-06-04 | DiaNuke.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

Société Générale AGM: Do not finance Kaliningrad nuclear project

2013-05-22 | Paris | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Kaliningrad Nuclear Plant: HypoVereinsbank follows BNP Paribas and pulls out. When will Coface and Société Générale follow suit?

2013-04-26 | Paris | Les Amis de la Terre
BankTrack news BankTrack blog Partner news Partner blog

Une centrale russe à l’assaut de l’Europe (Russian plant to conquer Europe)

2013-03-14 | France | Politis
Blog
BankTrack news BankTrack blog Partner news Partner blog

Kaliningrad: Are France and Societe Generale responsible for double standards in nuclear safety?

2013-03-06 | Paris | Friends of the Earth France and Greenpeace France
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
Blog
BankTrack news BankTrack blog Partner news Partner blog

French banks: a citizen rating reveals what is going on underneath their activities

2011-11-02 | Paris and Nice | Les Amis de la Terre and Attac France
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Nuclear banks no thanks’ coalition demands banks to stop financing nuclear energy

Nuclear disaster in Japan is a sad and urgent reminder of the inherent risks of nuclear energy
2011-03-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nam Theun 2 inauguration hides real costs of controversial Equator Principles project

More than 100,000 people continue to suffer project impacts
2010-12-07 | Laos | International Rivers
BankTrack news BankTrack blog Partner news Partner blog

World Bank-backed dam powers ahead, despite social cost

2010-12-07 | Bangkok | Inter Press Service
Blog
BankTrack news BankTrack blog Partner news Partner blog

Lancement du premier calculateur de l’empreinte carbone de notre épargne

2010-11-22 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls on banks to stop funding nuclear power

New website exposes nuclear secrets of commercial banks
2010-05-26 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Laos’ Nam Theun 2 dam operation illegal

Equator Principles project begins selling power to Thailand in violation of Concession Agreement and obligations to affected communities
2010-03-23 | Laos | International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
Blog
BankTrack news BankTrack blog Partner news Partner blog

EPR : Les banques françaises portent à bout de bras un fiasco industriel

2009-10-16 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks withdraw from Ilisu dam project in Turkey

NGOs welcome pullout as the right decision
2009-07-10 | Nijmegen | CounterCurrent/Gegenstroemung
Blog
BankTrack news BankTrack blog Partner news Partner blog

Victoire historique : la Société Générale se retire d’Ilisu !

2009-07-09 | Paris | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Ilisu Dam Project: European Governments Officially Announce Withdrawal

Commercial banks expected to follow
2009-07-07 | Berlin | CounterCurrent/Gegenstroemung et al.
Blog
BankTrack news BankTrack blog Partner news Partner blog

Austria's ECA officially declares pull-out of Ilisu dam project

Commercial banks expected to follow example - decision strengthens resistance in Turkey
2009-07-06 | Vienna, Austria | CounterCurrent/Gegenstroemung
BankTrack news BankTrack blog Partner news Partner blog

BankTrack members unveil bank secrets

Six European organizations launch a revealing website: www.banksecrets.eu
2009-06-25 | Brussels | CRBM
Blog
BankTrack news BankTrack blog Partner news Partner blog

Ilisu dam-affected people expropriated amidst ultimatum

Turkish Government snubs Europeans shortly before the deadline
2009-06-09 | Berlin, Vienna, Zurich | CounterCurrent/Gegenstroemung
Blog
BankTrack news BankTrack blog Partner news Partner blog

Protest rallies against Turkish dam all over Europe

Ilisu dam critics backed by damning expert report
2008-03-14 | Europe | BankTrack et al.
Blog
BankTrack news BankTrack blog Partner news Partner blog

Environmental Victory for Sakhalin II

Project sponsor announces it cannot get financing from US and UK Export Credit Agencies
2008-03-04 | London, Washington, Sakhalin | Pacific Environment
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs condemn signing of the contracts for Ilisu Dam by Société Générale, Bank Austria and DekaBank

Irregularities at beginning expropriation in reservoir area
2007-08-15 | Berlin/Frankfurt | Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Banks to stay out of Ilisu Dam Project

2007-05-24 | Utrecht, Netherlands
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report FoE France : French Banks, Fossil Banks?

New FoE report slams French banks for sad state climate policies
2007-03-06 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks withdraw from Belene nuclear power project

UniCredit Group, HVB and Deutsche Bank think Bulgarian project too risky
2006-10-20 | Berlin, Prague, Vienna, Sofia, Milan | Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report FoE France : Banques et environnement: Presque tout reste à faire

2006-03-06 | Paris, France | Les Amis de la Terre
Resources
Documents
Links

Letter from BankTrack and Mars se Drine to Société Générale on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine

Oil & Gas sector policy

Bank policy
2025-04-04 00:00:00 | Société Générale

Mining Policy

Bank policy
2025-04-04 00:00:00 | Société Générale

Thermal Power sector policy

Bank policy
2025-04-04 00:00:00 | Société Générale

Thermal Coal sector policy

Bank policy
2025-03-28 00:00:00 | Société Générale

Letter from BankTrack to Société Générale on Finance to PLN

Correspondence
2025-03-19 00:00:00 | BankTrack

Which banks have ruled out finance for the JSW Utkal Steel and Coal Project?

BankTrack publication
2025-03-13 00:00:00 | BankTrack

Annual Report 2024

Annual report
2025-03-12 00:00:00 | Société Générale

Letter from BankTrack to Société Générale on JSW Utkal Steel

Correspondence
2025-02-20 00:00:00 | BankTrack

Letter to financiers of Mozambique LNG to support call for independent investigation into alleged human rights violations

NGO document
2025-01-21 00:00:00 | BankTrack, Justiça Ambiental, Les Amis de la Terre France, SFOC, Milieudefensie, ReCommon, Urgewald, Friends of the Earth Europe, Friends of the Earth United States, Reclaim Finance, Friends of the Earth Japan

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA

NZBA Progress report 2024

Other bank document
2024-07-22 00:00:00 | Société Générale

Response Tracking – Letter to 20 banks on ArcelorMittal, sent June 10th 2024

NGO document
2024-07-17 00:00:00 | BankTrack

Letter from BankTrack to Société Générale on Risks of Société Générale's relationship with ArcelorMittal

Correspondence
2024-06-10 00:00:00 | BankTrack

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Decarbonization targets and attributed emissions

Other bank document
2024-05-06 00:00:00 | Société Générale

Sustainable Global Transition Banking Framework

Bank policy
2024-04-19 00:00:00 | Société Générale

Bankrolling Ecosystem Destruction

EU banks have poured €256 billion into sectors that threaten nature and climate 
Partner publication
2024-03-26 00:00:00 | Greenpeace International, Milieudefensie, Harvest

Still Butchering the Planet

Partner publication
2024-03-18 00:00:00 | Feedback

Annual Financial Report 2023

Annual report
2024-03-11 00:00:00 | Société Générale

Finance for War. Finance for Peace

How values-based banks foster peace in a world of increasing conflict
Other document
2024-02-28 00:00:00 | Banca Etica Group and the Global Alliance for Banking on Values (GABV)

Sustainable Steel Principles 2023 Annual Report

Other document
2024-02-01 00:00:00 | Sustainable Steel Principles

Coal Havens

The banks and loopholes keeping coal finance alive in Asia
BankTrack publication
2024-01-23 00:00:00 | BankTrack

Letter from BankTrack to Société Générale on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack

NZBA Progress Report 2023

Other bank document
2023-11-27 00:00:00 | Société Générale

Letter from BankTrack, ACA, CTEA to Société Générale on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-23 00:00:00 | BankTrack, ACA, CTEA

Tobacco sector policy

Bank policy
2023-09-30 00:00:00 | Société Générale

Investing in Myanmar's military cartel

BankTrack publication
2023-07-06 00:00:00 | BankTrack, Info Birmanie, Justice for Myanmar

Letter from BankTrack and 60 civil society groups to 20 bank financiers of Equinor on Equinor's proposed North Sea field Rosebank

Letter to financiers of Equinor on their client's ownership of Rosebank
Correspondence
2023-07-04 00:00:00 | BankTrack and 60 civil society groups

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction

Letter from BankTrack to Société Générale on financial ties to Nordgold's Lefa gold mine in Guinea

Correspondence
2023-05-04 00:00:00 | BankTrack

Defense & Security sector policy

Bank policy
2023-04-30 00:00:00 | Société Générale

Press release: European banks among biggest drivers of fossil fuel expansion

2023 Banking on Climate Chaos - Europe press release
NGO document
2023-04-13 00:00:00 | BankTrack, Les Amis de la Terre France, Reclaim Finance, ReCommon, Urgewald

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

Annual report 2022

Annual report
2023-03-23 00:00:00 | Société Générale

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

In debt to the planet

Europe’s largest banks are not doing enough to address the twin crises of climate change and biodiversity loss.
NGO document
2022-12-12 00:00:00 | ShareAction

Statement on human rights

(Annex 3 of the document)
Bank policy
2022-11-30 00:00:00 | Société Générale

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.

Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance

BankTrack publication
2022-10-21 00:00:00 | BankTrack

Rio Grande Valley: At Risk From Fracked-Gas Exports 2022 Update

NGO document
2022-10-01 00:00:00 | Rainforest Action Network, Les Amis de la Terre, Save RGV, Carrizo Comecrudo Tribe of Texas

Letter from BankTrack and Mars se Drine to Societe Generale on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift

Environmental transition

Bank policy
2022-05-31 00:00:00 | Société Générale

Modern Slavery and Human Trafficking Statement 2022

Bank policy
2022-05-04 00:00:00 | Société Générale

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Industrial agriculture and forestry sector policy

Bank policy
2022-02-28 00:00:00 | Société Générale

Annual report 2021

Annual report
2022-02-25 00:00:00 | Société Générale

Letter from Societe Generale to BankTrack and Mars se Drine on lithium mining in Serbia’s Jadar Valley

Correspondence
2022-01-14 00:00:00 | Societe Generale

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack

Letter from BankTrack to Société Générale on lithium mining in Serbia’s jadar valley

Correspondence
2021-12-12 00:00:00 | BankTrack

Dams & Hydropower sector policy

Bank policy
2021-11-30 00:00:00 | Société Générale

Shipping sector policy

Bank policy
2021-11-30 00:00:00 | Société Générale

Societe Generale reinforces its commitments to climate

Bank policy
2021-11-02 00:00:00 | Société Générale

Letter from Société Générale to BankTrack on response to letter regarding investments in Myanmar

Correspondence
2021-10-29 00:00:00 | Société Générale

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth

Fossil assets: the new subprimes?

How funding the climate crisis can lead to a financial crisis
NGO document
2021-06-10 00:00:00 | Institut Rousseau, Reclaim Finance, Les Amis de la Terre

Commitment statement Net Zero Banking Alliance

Other document
2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking

Big meat. Big bucks. Bigger harm.

Animal welfare and European financial links with deforestation in the Amazon and Cerrado
NGO document
2021-03-05 00:00:00 | World Animal Protection and Profundo

Societe Generale’s climate-related reporting following the TCFD and NFRD guidelines

Other bank document
2021-03-02 00:00:00 | Société Générale

Open Letter from over 260 civil society organisations to banks on EACOP

NGO document
2021-02-25 00:00:00 | 263 CSOs

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
Other document
2021-01-18 00:00:00 | Cambridge Institute for Sustainability Leadership

Letter from IFI Synergy and BankTrack to Société Générale on investments in Nachtigal hydropower project

Correspondence
2021-01-07 00:00:00 | IFI Synergy and BankTrack

Integrated Report 2019 - 2020

Annual report
2020-12-31 00:00:00 | Societe Generale

Collective Commitment to Climate Action - Year One in Review

Other document
2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking

Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact

BankTrack publication
2020-11-30 00:00:00 | BankTrack

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack

The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact

Other document
2020-11-16 00:00:00 | Banking Environment Initiative

The BEI & CGF’s ‘Soft Commodities’ Compact: Technical Guidance

Other document
2020-11-16 00:00:00 | Banking Environment Initiative

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction

Climate strategy

Bank policy
2020-10-28 00:00:00 | Société Générale

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others

Letter from CRAAD-OI, WOMIN, IDI, BankTrack to ten FIs on Base Toliara project

Correspondence
2020-10-13 00:00:00 | CRAAD-OI, WOMIN, IDI, BankTrack

Fool's Gold

The financial institutions risking our renewable energy future with coal
BankTrack publication
2020-07-15 00:00:00 | Europe Beyond Coal, BankTrack, BlackRock’s Big Problem, Ember, Fundacja "Rozwój TAK - Odkrywki NIE”, Friends of the Earth Finland, Friends of the Earth France, Greenpeace, Reclaim Finance, Re:Common, ShareAction, Urgewald, 350 Japan

Press release: sector policy on coal power

Bank policy
2020-07-01 00:00:00 | Société Générale

Gas in Mozambique: A windfall for the industry, a curse for the country

France thrusts Mozambique into the fossil fuel trap
NGO document
2020-06-24 00:00:00 | Les Amis de la Terre France, Friends of the Earth International, JA! (Friends of the Earth Mozambique)

Annual report 2019

Annual report
2020-05-12 00:00:00 | Société Générale

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club

Letter from BankTrack to Société Générale on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack

Exiting coal. Is the French finance industry on its way?

BankTrack publication
2019-11-14 00:00:00 | BankTrack, Unfriend Coal

Collective Commitment to Climate Action

Other document
2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking

Letter from Société Générale to BankTrack on PRB implementation

Correspondence
2019-09-11 00:00:00 | Société Générale

Letter from Société Générale to BankTrack on comments on 2019 Human Rights Benchmark

Correspondence
2019-07-29 00:00:00 | Société Générale

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal

Annual General Meeting Shareholder Briefing Société Générale (in French)

BankTrack publication
2019-05-21 00:00:00 | BankTrack

Annual report 2018

Annual report
2019-04-30 00:00:00 | Société Générale

CSR report 2018

Annual report
2019-04-30 00:00:00 | Société Générale

Code of conduct

Bank policy
2019-02-28 00:00:00 | Société Générale

Global Agreement on Fundamental Rights

Bank policy
2019-02-04 00:00:00 | Société Générale

The Katowice Commitment

Other bank document
2018-12-04 00:00:00 | ING, BBVA, BNP Paribas, Société Générale, Standard Chartered

Letter from BankTrack and 120 organisations to Société Générale on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations

French Banks: TOTALly irreponsible in ultra-deep waters

Briefing paper
NGO document
2018-08-03 00:00:00 | Friends of the Earth France, Greenpeace France

Note to Societe Generale on financial risks of supporting fracked gas export infrastructures

NGO document
2018-07-23 00:00:00 | Les Amis de la Terre

Letter from NGOs to Societe Generale on Rio Grande LNG

Correspondence
2018-07-23 00:00:00 | NGOs

Anti-money laundering questionnaire

Bank policy
2018-07-23 00:00:00 | Société Générale

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al

Société Générale Fossil Bank Briefing 2017

English version
BankTrack publication
2017-05-23 00:00:00 | BankTrack, Les Amis de la Terre

Société Générale Fossil Bank Briefing 2017

French version
BankTrack publication
2017-05-23 00:00:00 | BankTrack, Les Amis de la Terre

Annual Financial Report 2016

Annual report
2017-05-16 00:00:00 | Société Générale

French Banks' Dangerous Liaisons with the Israeli Settlement Enterprise

NGO document
2017-03-10 00:00:00 | Al-Haq, Association France Palestine Solidarité, Comité Catholique contre la Faim et pour le Développement, Confédération Générale du Travail, Fair Finance France, Fédération Internationale des ligues des Droits de l’Homme and Union Syndicale SOLIDAIRES

The Trans-Adriatic Pipeline project: identified non-compliance with the Equator Principles

BankTrack publication
2017-02-22 00:00:00 | Counter Balance, BankTrack

Risky business: Who benefits from the Southern Gas Corridor?

NGO document
2016-12-13 00:00:00 | CEE Bankwatch Network

Letter from Société Générale to BankTrack on Dakota Access Pipeline

Correspondence
2016-12-05 00:00:00 | Société Générale

Letter from 500 organisations to Société Générale on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations

Sector policy - forestry and forest products

Bank policy
2016-10-31 00:00:00 | Société Générale

Palm Oil Sector Policy

Bank policy
2016-10-31 00:00:00 | Société Générale

Sector policy: agriculture, fisheries and food sector

Bank policy
2016-10-31 00:00:00 | Société Générale

Investigation of impacts of the TAP compressor station location, in the area of Serres prefecture

Application of a methodology to evaluate alternatives
NGO document
2016-07-31 00:00:00 | Professor Aristotelis Naniopoulos, Department of Civil Engineering, Aristotle University of Thessaloniki

Letter from BankTrack et al. to Societe Generale on EPH financing

Correspondence
2016-07-05 00:00:00 | BankTrack et al.

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International

Poland – Banks funding the dirtiest form of coal

BankTrack publication
2016-06-13 00:00:00 | BankTrack

Société Générale Coal Bank Briefing 2016

BankTrack publication
2016-05-18 00:00:00 | BankTrack, Les Amis de la Terre France

Registration document 2015

Annual report
2016-03-01 00:00:00 | Société Générale

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

BankTrack publication
2016-02-16 00:00:00 | BankTrack

Société Générale Coal Bank Briefing 2015

English version
BankTrack publication
2015-05-19 00:00:00 | BankTrack, Les Amis de la Terre

Société Générale Coal Bank Briefing 2015

French version
BankTrack publication
2015-05-19 00:00:00 | BankTrack, Les Amis de la Terre

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club

Corporate Social Responsibility Report 2013-2014

Annual report
2015-04-14 00:00:00 | Société Générale

Registration document 2014

Annual report
2015-03-11 00:00:00 | Société Générale

Pipe dreams: Why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia

NGO document
2015-01-21 00:00:00 | CEE Bankwatch Network

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
NGO document
2014-10-01 00:00:00 | Facing Finance

Environmental and social general guidelines for business engagement

Bank policy
2014-09-01 00:00:00 | Société Générale

Sector policy - civil nuclear power

Bank policy
2014-09-01 00:00:00 | Société Générale

Cross-sectorial policy - biodiversity

Bank policy
2014-09-01 00:00:00 | Société Générale

Letter from Société Générale to Les Amis de la Terre on Sime Darby & fires in Indonesia

Correspondence
2013-07-12 00:00:00 | Société Générale

Letter from Les Amis de la Terre + FoEE to Société générale on Sime Darby & fires in Indonesia

Correspondence
2013-07-11 00:00:00 | Les Amis de la Terre + FoEE

The financing of Sime Darby by European financial institutions. A Profundo Research

NGO document
2013-06-18 00:00:00 | Profundo

Letter to Société Générale on Baltic NPP

Correspondence
2013-04-26 00:00:00 | 94 organisations

Sime Darby and land grabs in Liberia

French banks financing land grabbing
NGO document
2013-04-17 00:00:00 | Friends of the Earth Europe

Letter from Les Amis de la Terre + FoEE to Société générale on Financial support to Sime Darby

Correspondence
2013-03-20 00:00:00 | Les Amis de la Terre + FoEE

Registration Document 2013

Annual report
2013-03-04 00:00:00 | Société Générale

French financial institutions energy guidance notes

Other bank document
2013-02-05 00:00:00 | ORSE

Letter from Les Amis de la Terre + FoEE to Société générale on Investment in Sime Darby

Correspondence
2013-01-23 00:00:00 | Les Amis de la Terre + FoEE

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin

2011 Global Investor Statement on Climate Change

Other document
2011-10-19 00:00:00 | IIGCC, INCR, IGCC, UNEP-FI, PRI

Societe Generale Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi

Registration document 2011

Annual report
2011-04-19 00:00:00 | Société Générale

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

Correspondence
2010-12-18 00:00:00 | Banktrack

Nuclear Banks, No Thanks!

BankTrack publication
2010-05-25 00:00:00 | Greenpeace, urgewald, BankTrack, other NGOs

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack

Societe Generale cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi

Société Générale cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.

French insurances : guaranteed climate change?

NGO document
2008-12-10 00:00:00 | Les Amis de la Terre

Assurances françaises : changements climatiques garantis?

NGO document
2008-12-10 00:00:00 | Les Amis de la Terre

Assurances françaises : changements climatiques garantis?

NGO document
2008-12-10 00:00:00 | Les Amis de la Terre

Rapports d'experts sur Ilisu (Turquie) : un barrage très loin des normes internationales minimales

NGO document
2008-07-01 00:00:00 | Les Amis de la Terre

Profiles of European Banks

NGO document
2008-01-11 00:00:00 | Ceres

Environnement: Comment choisir ma banque?

NGO document
2007-03-06 00:00:00 | Les amis de la Terre

Banques françaises et environnement : presque tout reste à faire

NGO document
2006-03-06 00:00:00 | Les Amis de la Terre
Accountability
Grievances
Response tracking

Société Générale has not established any process or mechanism open to individuals and communities to raise a complaint related to human rights issues. However, employees can report breaches of ethical standards via the bank's whistleblowing channel. Other stakeholders may instead raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Société Générale is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Société Générale's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating that "its rule of conduct is not to provide information about specific companies or operations, whether or not it accompanies them."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025
Banks assisting with war mobilisation in Russia (October 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Business & Human Rights Resource Centre, October 2022
Banks profiting from the construction and hotel boom in Qatar (November 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client(s) or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
"No Questions Asked: Profiting from the construction and hotel boom in Qatar " report, November 2023
Base Toliara mineral sands mining project (October 2020)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on there the bank monitored the impacts or the actions of its clients
Don't Buy into Occupation report (November 2022)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank has stated that it responded to the International Federation for Human Rights (FIDH), a member of the Don’t Buy Into Occupation coalition. However, the response was not public, and thus, does not receive a score.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
"Don't Buy Into Occupation" report, November 2022
East African Crude Oil Pipeline (March 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
Although news sources reported that the bank would not finance the project, the bank has not responded to stakeholders or confirmed its position publicly.
Action
0
Out of 1
Rationale for score
Although media reports suggest the bank has taken appropriate action by refusing to provide finance to the project, the bank has not set this position out publicly.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored measures taken by its client to address the impacts associated with the project.
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
1.5
1
0.5
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded confirming its link to the company and addressing the issues raised. The bank states that "Information of the last few months regarding the quality of car fuels in African countries and debates around the role of the different actors of the value chain have been factored in our reviews" of the companies involved.
Action
0.5
Out of 1
Rationale for score
The bank detailed its engagement with the company, but provided no detail on any appropriate action being taken.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Belarus: links to the state and state-owned companies (May 2021)
1
1
0
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded confirming its link to the client and addressing the issues raised. The bank stated that it "carefully considered the elements brought to its attention" by the letter from PUBB.
Action
0
Out of 1
Rationale for score
The bank stated that it performed an additional internal investigation to determine the use of net proceeds from The Ministry of Finance's bond. However, the bank did not detail whether it engaged with its client or outlined specific actions sought from its client.
Monitoring
0
Out of 1
Rationale for score
No information available on there the bank monitored the impacts or the actions of its clients
More info
Business and Human Rights Resource Centre, 2021
IOI Corporation labour standards violations (February 2016)
0.5
0.5
0
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank acknowledged its link with the company and also discussed its responsibilities under the UNGPs with regard to the management of minority shareholdings. The bank did not comment on the specific issues raised.
Action
0
Out of 1
Rationale for score
The bank did not provided any details on whether it had engaged with its client or taken appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, February 2016
Myanmar: Equity exposure to companies linked to the military regime (October 2021)
0.5
0.5
0
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank responded publicly, acknowledging that Lyxor Asset Management, a wholly owned subsidiary of Société Générale, has exposure to companies with direct involvement in Myanmar. However, the response does not comment on the substance of the issue raised nor set out any actions taken to address the impact.
Action
0
Out of 1
Rationale for score
The bank did not address the substance of the allegations and did not set out any appropriate measures of action.
Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress.
More info
New bank links to Myanmar junta and atrocities found, July 28, 2021
Nachtigal Hydropower project, Cameroon (January 2021)
1.5
1
0.5
0
Dodgy Deal profile
Response
1
Out of 1
Rationale for score
The bank publicly responded acknowledging its link to the impact and responding to the issues raised. The bank states that it is "aware of some recent challenges encountered by the project".
Action
0.5
Out of 1
Rationale for score
The bank has stated that "actions have been taken and we believe that these issues are being satisfactorily addressed by the lenders pool". The bank also referred to a letter from its client which addresses the issues raised by communities. The bank did not outline any specific actions sought from the company.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored the issue or steps taken by the client.
Rio Tinto's Jadar mine, Serbia (December 2021)
0.5
0.5
0
0
Dodgy Deal profile
Response
0.5
Out of 1
Rationale for score
The bank responds publicly to the allegations and its response acknowledges its link to the impact via its finance for Rio Tinto, but without detailing specific actions taken. Although the bank states that it engages with the company, it does not make clear that it engaged on the specific issues related to this mining project.
Action
0
Out of 1
Rationale for score
The bank does not describe any engagement with its client on the topics raised in the letter or appropriate action, only a general engagement process that applies to all clients in the sector.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
UN human rights complaint regarding Saudi Aramco and its financiers (July 2023)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded publicly but it did not speak to the subject matter nor did it acknowledge a link to the impacts raised and the company in question. The bank instead listed its relevant social and environmental policies.
Action
0
Out of 1
Rationale for score
The bank does not indicate that it will take action on the allegations raised, or that it will engage its client. The bank reiteraites its commitment to respecting human rights and the enviroment without outlining a plan for action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
, ClientEarth, UN warns Aramco and its financiers over their role in driving climate-fuelled human rights violations, June 2023
ArcelorMittal steel impacts (June 2024)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank's response neither acknowledges its link to the impact, nor addresses the issues raised citing that "we are not able to comment on any existing or potential client relationships."
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the summary of bank responses here. See this bank's response here.
Impacts of Indonesia’s state electricity company PLN (March 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating: "Societe Generale group (the “Group”) has a policy, due in particular to legal and/or contractual confidentiality obligations, of not providing information regarding specific companies or operations. For this reason, we will not be able to comment on the elements listed in your open letter."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
See the letter BankTrack sent the bank here.
Average
67%
0.37
0.3
0.07
0
Banks and Climate

Banks and Climate

The 2023 Banking on Climate Chaos report showed that Société Générale provided US$ 98.29 Billion in financing to the fossil fuel industry between 2016 and 2022. Find further details on Société Générale fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Société Générale

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Société Générale’s fossil fuel policy below.

Assessment of Société Générale coal policy in the Coal Policy Tool

Assessment of Société Générale oil and gas policy in the Oil and Gas Policy Tracker

False Solutions Tracker expansion

BankLast update
Country
Wind Energy
Solar Energy
Geothermal Energy
Ocean Energy
Energy grids and storage
Hydropower
Hydrogen
Solid Biomass
Biofuels
CCUS
Nuclear Power
Details
Société Générale
2025-05-19
FRA
Explanation

The purpose of the False Solutions Tracker is to give a clear overview of energy technologies that fall under banks' individual sustainable finance commitments. The tracker lists 11 energy technologies that are usually associated with the energy transition and the decarbonisation of the economy. These technologies are defined here and classified in three categories:

  1. Real solutions: Technologies that deliver on a Just Transition towards Energy Democracy. BankTrack considers these technologies as real solutions only if and when they do deliver Energy Democracy.

  2. Solutions under strict conditions: Energy technologies that could be real solutions if they deliver on a Just Transition towards Energy Democracy but that could also be false solutions. This is the case of hydrogen and hydropower. On one hand, fossil-free and green hydrogen could be a real solution under certain conditions. However, fossil-based hydrogen and nuclear hydrogen are always false solutions. On the other hand, hydropower lifespan extension could also be a real solution under strict conditions while hydropower expansion is a false solution.

  3. False solutions: Energy technologies that are not aligned with a just transition towards Energy Democracy.

For each one of the 11 energy technologies, the tracker indicates if it is included in bank's individual sustainable finance commitments:

 

For Real solutions:

  • ​​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​ : It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.

 

For solutions under strict conditions and for false solutions:

  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​: It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.
For more details see this page.
Banks and Human Rights

Banks and Human Rights

BankTrack assessed Société Générale in its 2024 Global Human Rights Benchmark, where it achieved 6.5 points out of 15 and was ranked as a “follower”.

The bank scored 0.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices. 

In addition, Société Générale scored 0.38 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Société Générale has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Société Générale
FRA
6
Follower 6
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Société Générale
FRA
6.5
Follower 6.5
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Société Générale’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 5.4 out of 10 and ranking it as a front runner. Société Générale achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 5.8 out of 10 for its policies related to the palm oil sector.

Between 2016 and 2022, Société Générale provided USD 479 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 1 million as of 2022.

BankTrack has also assessed Société Générale’s policies related to the wood biomass sector and found that biomass is not mentioned in its policies and no safeguards or exclusions are in place for wood biomass. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Banks and biomass

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Société Générale
2022-09-27
FRA
5.4
Front runner 5.4
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Société Générale
2022-09-29
FRA
0
Laggard 0
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Société Générale
2022-09-29
FRA
5.8
Front runner 5.8
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

Société Générale is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

 

Tracking NZBA banks commitments
Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of Société Générale to Russia's illegal invasion of Ukraine. Société Générale did not publicly condemn the war. As of February 2022, we considered the bank's exposure to Russia as large with over $21bn in financial assets. Société Générale has since exited Russia. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine
Banks and Steel

Banks and Steel

Société Générale is a member of the Sustainable Steel Principles. This means it has committed to measuring and disclosing its steel-related financed emissions on an annual basis, and reporting its alignment with the International Energy Agency’s Net Zero by 2050 pathway for the steel industry. 

As part of the Net Zero Banking Alliance (NZBA), Société Générale is required to set interim targets for 2030 for high emission priority sectors. For Société Générale, this includes its lending to the steel sector. You can see Société Générale’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:

NZBA Iron & Steel Targets

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Société Générale provided US$ 3.4 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Société Générale’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Société Générale’s metallurgical coal policy below.

According to a report by Reclaim Finance, between 2016 and June 2023, Société Générale provided $5.9 billion in finance to the fossil-steel industry, making it the 22nd largest financier worldwide. Find further details on Société Générale's steel financing and how it compares to other large banks globally in the report. 

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Steeling our future: The banks propping up coal-based steel
Good Moves

Good moves

Year:

2025

13 banks will not finance Papua LNG

Thanks to Japanese bank MUFG, TotalEnergies is developing a new climate bomb in Papua New Guinea: the “Papua LNG” liquefied natural gas (LNG) project, which will lead to the emission of over 220 million tonnes of CO2.  This project confirms TotalEnergies’ intention to establish itself in Papua…

2023

French bank Société Générale withdraws from Rio Grande LNG

The French bank had been the target of a coalition of US and French organizations since 2017, when it was engaged as financial advisor by the project sponsor, NextDecade. The organizations welcome this news and call on all financial institutions to stay away from this disastrous LNG project. 1  This public announcement…

2022

Société Générale ceases its activities in Russia and signs an agreement to sell Rosbank and its Russian insurance subsidiaries

The French banking group Société Générale announced on Monday that it intends to fully cease its business operations in Russia and has made an agreement to sell its Russian unit Rosbank to Interros Capital. The deal, which is currently subject to regular approval, will end Société…

2021

Three major French banks will not finance EACOP, according to French media

The #StopEACOP campaign warmly welcomes the news that the three largest French banks, BNP Paribas, Société Générale and Crédit Agricole, will not be financing the East African Crude Oil Pipeline (EACOP), a proposed 1,445-kilometer heated oil pipeline through Uganda and Tanzania. This…

2017

Société Générale pulls out of financing TJB2

After a year of campaigning by Friends of the Earth France, Société Générale confirmed the implementation of the new coal power policy it adopted in October 2016, which states that the bank will not finance any more any new coal plant around the world. The policy took effect on January 1, 2017,…

Five European banks pressured not to tolerate corrupt practices at Dominican coal plant project

Mired in a major international corruption scandal, the proposed Punta Catalina coal plant in the Dominican Republic became untouchable for Deutsche Bank, ING, Santander, Société Générale and Unicredit in 2017. As the gravity of the situation surrounding the project’s construction…

2015

“Big Three” French banks rule out financing for Rampal coal project

In June, the three largest French banks, BNP Paribas, Crédit Agricole and Société Génerale, have said they will not finance the Rampal coal power project, on the edge of the Sundarbans mangrove forest in Bangladesh. The move comes six months after two Norwegian pension funds withdrew from India's…

Three French banks refuse to finance Galilee Basin projects

In April, BNP Paribas, Société Générale and Crédit Agricole all ruled out finance to coal mining projects in the Galilee Basin in Queenland, Australia. The planned new coal mine and port is expected to have devastating effects on the Great Barrier Reef, a World Heritage Site. Read more.…

Climate breakthrough as string of banks dump coal financing

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the…

2014

Kaliningrad nuclear plans abandoned

In April 2014 the Russian authorities announced that the planned Baltic nuclear power plant project in the Russian enclave of Kaliningrad, a highly controversial project opposed by the local population, has been abandoned. Friends of the Earth France, whose campaign against Société Générale's…

Société Générale drops out of the Alpha Coal project

After more than a year of campaigning by Les Amis de la Terre (FoE France), Bizi! and Attac France, Société Générale announced on December 5th, 2014 that it had "suspended" its advisory mandate with GVK Hancock on the Alpha Coal project, a giant coal mine + railway + port project in Australia.…