Oil, gas… How Société Générale wants to reduce its ecological footprint

Oil gas… How Societe Generale wants to reduce its ecological

The big French bank wants to accelerate. Societe Generale announced this Monday, September 19, ahead of a strategic presentation to investors in London by its new CEO Slawomir Krupa, that it would reduce its exposure to the oil production sector by 50% compared to 2019. and gas by 2025, compared to 20% previously.

The French bank will also launch an investment fund dedicated to the transition with one billion euros in order to “accelerate the development of energy transition solutions and projects based on nature and impact”, specifies t -she in a press release.