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Global Climate Action  

At the twenty-first session of the Conference of the Parties (COP 21) in Paris, it was agreed that mobilizing stronger and more ambitious climate action by all Parties and non-Party stakeholders is urgently required if the goals of the Paris Agreement are to be achieved.

In decision 1/CP.21, the commitments from all actors are recognized, including those launched through the Lima–Paris Action Agenda, as well as the urgent need to scale up the global response to climate change and support greater ambition from governments.

At COP 22 in Marrakech, a High-Level Event on Accelerating Climate Action was held to highlight outcomes from the Action Events throughout the conference and culminated with the launching of the Marrakech Partnership for Global Climate Action; a new framework to catalyse and support climate action.

NAZCA Tracking Climate Action

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9

Societe Generale

France

COOPERATIVE ACTIONS (1)

Science based targets

Adopt a science-based GHG emissions reduction target

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Emissions reduction

INDIVIDUAL ACTIONS (8)

Reduce CO2e emissions intensity across their value chain by 11% per full-time employee from 2012 to 2015

Emissions reduction

Reduce operational CO2e emissions intensity by 13% per full-time employee from 2012 to 2015 through increased energy efficiency

Energy access & efficiency

Emissions reduction

Double their financing for renewable energy projects by 2020

Renewable energy

Private finance

Reduce the Group's CO2e emissions by 20% from 2014 to 2020

Emissions reduction

Use an internal carbon price of USD 11.22

Use of carbon price

Reduce activities in the coal sector, end project financing of development of coal mines and end project financing of coal-fired power plants in high income OECD countries

Private finance

Issued a EUR 500m, 5-year fixed-rate, Positive Impact Bond to find innovative solutions to fund the transition to a low-carbon economy

Private finance

USD 530m green bonds issued for projects in renewable energy, low carbon transport in North America, Asia, Latin American and the Caribbean, Oceania,

Renewable energy

Transport

Private finance