Industry Sector: Financials
NEWSWEEK Green Score: 76.6%
Environmental Impact: 74.4%
Environmental Management: 78.3%
Transparency & Disclosure: 79.0%
In 2011, the company offset 75 percent of 2010 emissions, meaning that Societe Generale is very close to its goal of being carbon-neutral by 2012. The company paid for six projects, including a wind farm in Morocco and micro-hydroelectricity in Guatemala, by purchasing carbon credits. The company recently launched the Green IT program to make IT systems more energy-efficient; in 2010 this led to a CO2 emissions reduction of about 7,000 tons. In 2010, the company’s Granite Tower became the first skyscraper in France to earn a High Quality Environmental (HQE) certification for its day-to-day operations. That same year, the company created an energy-savings unit, which became part of the Real Estate Department.