Corporate Social Responsibility (CSR)
Frédéric Oudéa Chief Executive Officer
We are fully committed to contributing to the positive transformations of our economies and societies.
We want to provide innovative, responsible solutions with a positive impact.
The prosperity of Europe, sustainable development in Africa, the fight against climate change, the security of savings or, for instance, sustainable transport are key challenges to which we will actively contribute. First of all by being a trusted partner for our clients.
Sylvie Préa Group's Director of Corporate Social Responsibility and Sustainable Development
As Director of Corporate Social Responsibility at Societe Generale group, my ambition is to structure and support the Group’s CSR transformation, making it a major competitive advantage for business development as well for environmental and social risk management.
Best French Bank in RobecoSAM’s CSR ranking
For the first time, Societe Generale has been classed Best French Bank in RobecoSAM’s CSR ranking 2018. The Group was ranked eighth out of the 133 European banks included in the study, and remained in the Top Ten in Europe for the third consecutive year.
Our formal commitments
Since 2011, Societe Generale has been outlining its commitments in the Environmental and Social (E&S) Principles that govern all our activities. In 2015 the Group reaffirmed its commitment to fighting climate change by establishing a climate strategy that is consistent with the international goal of limiting global warming to 2°C. In December 2017, Societe Generale went further and strengthened its financial commitments by specifying how it will fulfil these commitments in respect of Africa, where addressing climate challenges and development are key to achieving the aims of the Paris Climate Agreement.
Find out about Societe Generale’s commitments to the fight against climate change
A pioneer in Corporate Social Responsibility (CSR)
Societe Generale is one of the first French banks to outline its commitment to sustainable development both in France and around the world.
Societe Generale conducts its business with the utmost respect for the values and principles under:
- the Universal Declaration of Human Rights and its additional commitments;
- the fundamental conventions of the International Labour Organization (ILO);
- the UNESCO World Heritage Convention;
- the Guidelines for Multinational Enterprises of the OECD (Organisation for Economic Co-operation and Development);
- the United Nations Guiding Principles on Business and Human Rights.
In addition, the Group has shown its proactive commitment to the following public and private initiatives:
2018: Societe Generale is the the first French bank to join the , an international network of financial actors working with Climate Bonds to shift investment towards a low-carbon and climate resilient economy;
2017: Adoption of the (UNEP-FI).
2017: Supporting the recommendations of the (TCFD);
2016: Signature of – WEP, Professional Equality Charter of United Nations;
2016: Signature of the International Labour Organisation’s Global Business Charter on Disability;
2015: Subscription to the “Principles for Mainstreaming Climate Actions within Financial Institutions”, launched during COP 21;
2015: Joining the “ ” of the Banking Environment Initiative (with the Consumer Goods Forum) to fight tropical deforestation;
2015: Launching of the “ ” of the UNEP-FI;
2015: Signature of the French Business Climate Pledge;
2015: Signature of a with UNI Global Union;
2014: Lyxor signed the (PRI), developed by an international group of institutional investors reflecting the increasing relevance of environmental, social and corporate governance issues to investment practices;
2014: Supporting the , which aims at establishing a reference framework for green bonds;
2014: Signature of the Joint Declaration organised by Transparency International France for the promotion of transparent, honest lobbying;
2010: Signature of the “Responsible Supplier Relations” Charter (France);
2007: Signature of SME Pact (France);
2007: Adoption of the , a set of guidelines adopted by financial institutions for determining, assessing and managing social and environmental risk when financing projects;
2004: Signature of the (France) and compliance with the environmental obligations stipulated by the Grenelle 2 law;
2003: Joining the , which encourages companies to integrate principles relating to human rights, working conditions and the fight against corruption;
2001: Joining the (UNEP-FI). This public-private partnership between the UN and the global financial sector promotes the adoption of best sustainable development practice at all operational levels of financial institutions;
2000: Societe Generale is a founding member and the only French back to participate in the , an association of 13 international banks committed to fight money laundering and corruption;
Find out more about the Group’s commitments
Find out about our CSR commitments
FOR MORE INFORMATION
Societe Generale is included in the main sustainable development indices (FTSE4Good, Euronext Vigeo) and in a significant number of SRI funds.
Discover all our CSR publications for information on our extra-financial efforts and performance.