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Case study

Internal carbon tax of Societe Generale

The Societe Generale Group’s environmental policy for 2014–2020 focuses on “carbon reduction,” and has set a target: reducing carbon emissions per occupant by 20%, in 2020 compared to 2014. This policy is supported by an internal carbon tax, paid by each Core Business and Functional Division, based on their carbon footprint (10€/tCO2).
Key points
  • The internal carbon tax is a strong incentive tool that promotes integration of environmental impacts in the business model and innovation.