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Case study

Société Générale’s implementation of its commitments for the coal sector

In order to monitor its alignment with the IEA’s 2 degrees scenario for coal mining and coal-fueled power activities, Société Générale devised a methodology.
Key points
  • Societe Generale’s methodology is a first within financial institutions that monitors a 2°C scenario target related to financing of the coal mining and coal-fueled power sectors.
  • The key challenge addressed is how to decline macro policies into micro objectives that make sense for banking business lines. The methodology developed is robust and auditable.