Case Study: Societe Generale uncovers financed carbon hotspots with CarbonChain

Societe Generale tracks 100% of trade finance emissions with CarbonChain

Societe Generale, a leading European financial services group, needed to understand the carbon emissions within its commodity trade finance portfolio to support its clients' carbon reduction journeys. The challenge was a lack of granular data on the emissions of complex global supply chains, particularly for carbon-intensive raw materials. To address this, Societe Generale partnered with vendor CarbonChain and its client, Concord Resources Limited, using CarbonChain's automated carbon accounting platform.

CarbonChain's AI-powered platform calculated the carbon footprint of each trade, breaking it down by asset and supply chain stage. The solution provided supplier ratings, benchmarking, and insights that helped Societe Generale and Concord develop KPIs and green sourcing strategies. The results included identifying significant carbon hotspots, achieving client buy-in for long-term climate strategies, and creating opportunities for sustainable finance. Both parties now use the CarbonChain platform for ongoing automated emissions tracking and annual monitoring of their entire trade portfolios.

Societe Generale