Adani et Société Générale : l’Autorité des marchés financiers doit agir

Reclaim Finance accuses Société Générale of greenwashing by exploiting loopholes in its sectoral policy to continue financing the Adani Group. While the bank committed in 2020 to stop supporting new coal projects, it continues to fund Adani Green Energy, which Reclaim Finance claims redirects funds to coal expansion. The document highlights Adani's plans to increase coal power capacity by 20,550 MW in India and expand mining in India and Australia, alongside allegations of financial fraud and corruption involving Gautam Adani. Reclaim Finance calls on the AMF to intervene against this misleading communication.

• Société Générale continues to provide financial support to the Adani Group, including a $409 million bond issuance for Adani Green Energy in March 2024 and a 2016 transaction with Adani Transmission.
• The bank uses a policy loophole to fund Adani Green Energy by classifying it as dedicated to the energy transition, even though some of this funding is allegedly redirected to Adani Group entities responsible for coal expansion.
• The Adani Group plans to increase its coal power generation capacity in India by 20,550 MW over the next four years, exceeding its current capacity of 17,510 MW, and intends to grow annual coal extraction in India and Australia from 11.2 million tonnes to over 100 million tonnes.
• Gautam Adani and company executives face US legal actions involving a $265 million plan to bribe Indian officials for solar energy contracts and allegations of stock manipulation and accounting fraud reported by Hindenburg Research.

APA

Martin, L. (2025). Adani et Société Générale : l’Autorité des marchés financiers doit agir. Reclaim Finance. https://reclaimfinance.org/site/2025/06/03/adani-et-societe-generale-lautorite-des-marches-financiers-doit-agir/

Chicago

Martin, Léo. Adani et Société Générale : l’Autorité des marchés financiers doit agir. Reclaim Finance, 2025. https://reclaimfinance.org/site/2025/06/03/adani-et-societe-generale-lautorite-des-marches-financiers-doit-agir/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Adani et Société Générale : l’Autorité des marchés financiers doit agir |publisher=Reclaim Finance |date=3 June 2025 |url=https://reclaimfinance.org/site/2025/06/03/adani-et-societe-generale-lautorite-des-marches-financiers-doit-agir/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2025adani, author = {Martin, Léo}, title = {{Adani et Société Générale : l’Autorité des marchés financiers doit agir}}, publisher = {Reclaim Finance}, year = {2025}, month = jun, url = {https://reclaimfinance.org/site/2025/06/03/adani-et-societe-generale-lautorite-des-marches-financiers-doit-agir/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }