Why “Pollution Générale”?
As you might have guessed, this isn't a real website for Société Générale. But here's the bit that is.
Société Générale still claims that hundreds of millions of dollars in financing for Adani Green is consistent with Société Générale's thermal coal policy.
Who is Adani?
The Adani Group is a coal company at its core, with coal mining and coal power expansion plans that make it one of the most polluting companies on the planet.
Has Adani Green really been used to finance coal ?
A State Bank of India filing revealed Adani used shares from Adani Green Energy as collateral for a $300 million credit facility for its controversial Carmichael coal mine.
Evidence from Adani Green Energy's annual reports show regular financial transactions between the renewable arm and Adani entities directly involved in coal expansion.
Can't we have coal and meet our climate targets?
This expansion directly contradicts the International Energy Agency's advice that limiting dangerous climate change means no new coal projects. The company's coal expansion is incompatible with a liveable future.
Does India need coal expansion for its energy transition?
Reuters reports that India has achieved 50% of installed electricity capacity from non-fossil fuel sources, 5 years ahead of schedule, proving that India can power beyond coal.
Green enough isn't good enough.
Pollution Générale made a commitment in 2020 to stop funding coal. In 2024, they underwrote $409m in financing for Adani Green — a subsidiary of the world's largest private coal developer.
Tell Pollution Générale to honor their climate commitments.