Société Générale still has not found the way out of coal

Reclaim Finance argues that Société Générale's coal exit strategy is inadequate because it allows continued support for companies planning new coal projects and uses a revenue-based threshold for restricting services that lacks a precise definition of a 'credible exit strategy'.

• Société Générale aims to fully exit coal power generation by 2030 for companies with assets in the EU or OECD, and by 2040 for the rest of the world.
• The bank's policy allows it to continue supporting companies planning new coal projects if the financing is dedicated to 'green' projects, which the author argues increases carbon emissions.
• Société Générale will restrict products and services to companies deriving over 25% of revenues from coal without a 'credible strategy to exit coal', but the document notes this threshold is flawed because it is based on revenue rather than electricity production and lacks a clear definition of what constitutes a 'credible' strategy.

APA

admin (2020). Société Générale still has not found the way out of coal. Reclaim Finance. https://reclaimfinance.org/site/en/2020/07/01/societe-generale-still-has-not-found-the-way-out-of-coal/

Chicago

admin. Société Générale still has not found the way out of coal. Reclaim Finance, 2020. https://reclaimfinance.org/site/en/2020/07/01/societe-generale-still-has-not-found-the-way-out-of-coal/.

Wikipedia

{{cite press release |last1=admin |title=Société Générale still has not found the way out of coal |publisher=Reclaim Finance |date=1 July 2020 |url=https://reclaimfinance.org/site/en/2020/07/01/societe-generale-still-has-not-found-the-way-out-of-coal/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020socit, author = {admin}, title = {{Société Générale still has not found the way out of coal}}, publisher = {Reclaim Finance}, year = {2020}, month = jul, url = {https://reclaimfinance.org/site/en/2020/07/01/societe-generale-still-has-not-found-the-way-out-of-coal/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }