Société Générale n’a toujours pas trouvé la sortie du charbon

Reclaim Finance argues that Société Générale's updated coal policy is insufficient because it allows continued support for companies developing new coal projects and relies on a vague 25% revenue threshold for restricting services.

• Société Générale aims for a total exit from the thermal coal sector by 2030 for companies with assets in the EU or OECD, and by 2040 for the rest of the world.
• The bank's policy is criticized for allowing continued support for companies planning new coal projects, provided the financing is for 'green' projects, which the author claims results in a negative carbon balance.
• The bank will stop providing products and services—except those dedicated to energy transition—to companies that derive more than 25% of their revenue from thermal coal and lack a 'credible' exit strategy; however, the author notes that 'credible' is undefined and the threshold should apply to electricity production rather than revenue.

APA

admin (2020). Société Générale n’a toujours pas trouvé la sortie du charbon. Reclaim Finance. https://reclaimfinance.org/site/2020/07/01/societe-generale-na-toujours-pas-trouve-la-sortie-du-charbon/

Chicago

admin. Société Générale n’a toujours pas trouvé la sortie du charbon. Reclaim Finance, 2020. https://reclaimfinance.org/site/2020/07/01/societe-generale-na-toujours-pas-trouve-la-sortie-du-charbon/.

Wikipedia

{{cite press release |last1=admin |title=Société Générale n’a toujours pas trouvé la sortie du charbon |publisher=Reclaim Finance |date=1 July 2020 |url=https://reclaimfinance.org/site/2020/07/01/societe-generale-na-toujours-pas-trouve-la-sortie-du-charbon/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020socit, author = {admin}, title = {{Société Générale n’a toujours pas trouvé la sortie du charbon}}, publisher = {Reclaim Finance}, year = {2020}, month = jul, url = {https://reclaimfinance.org/site/2020/07/01/societe-generale-na-toujours-pas-trouve-la-sortie-du-charbon/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }