Société Générale brags about its so-called coal ‘exclusion
policy’, but behind the scenes, it’s bankrolling one of the world's
most corrupt, climate-wrecking coal giants: Adani.
Rings a bell? Yes, it’s the same Adani Group convicted of
bribery and fraud, trashing reefs, stealing Indigenous land, and
suing journalists for telling the truth.
The Washington Post recently exposed that major American and
European banks are refusing to finance Adani, showing that the
mobilisation against Adani is working, but Société Générale seems
to treat dirty coal as a business opportunity.
Adani is in hot water, and there is no better time to corner
Société Générale, expose its complicity in environmental crimes,
and make its hypocritical choice backfire–publicly.
Tell Société Générale: stop sponsoring coal and
Adani’s destruction
In 2020, Société Générale made a clear commitment to "no longer
provide products and services to companies that develop new mining
projects, power plants or infrastructure related to thermal coal".
Since then, media, activists and climate researchers have
uncovered Adani’s plans to double its coal-power production; exposed
its lies about its renewable energy targets; and revealed its
routine transfer of its money from its green entity to coal
operations.
Still in 2024, Société Générale underwrote a $409 million bond
issue for Adani Green Energy. Société Générale’s multi
million-dollar arrangement for Adani has not only helped it burn
record volumes of coal but also enabled the Adani Group to go after
human rights defenders and journalists.
Société Générale’s loyalty for Adani is not forever. It can
end where our collective power begins.
Société Générale really cares about its green image, and with
enough public pressure, we can turn its decision of financing
the world’s largest private coal mining group against them.
Sign the petition to make Société Générale cut off
Adani’s money supply.
