Focus on our sustainable sourcing practices

The Sourcing network is a major player in the CSR strategy of the Societe Generale Group, carrying its values and working to ensure that its Environmental and Social commitments are achieved. Initiated as of 2006, the sustainable sourcing policy of the Group materializes through long-term actions plans involving all the stakeholders of the value chain (requestors, buyers and suppliers).

Our responsible sourcing actions plan: the 2018 Positive Sourcing Program

For the practices of the Group to remain a reference in sustainable purchasing, a 2016-2018 actions plan was implemented. This fourth actions plan was developed taking into account the feedbacks of over 700 partners and suppliers and is based on the expertise gained by the Group over the past 10 years.

Carrying the values of the Group and in line with the Culture & Conduct programme and with its Environmental and Social commitments, the 2018 Positive Sourcing Program is based on virtuous sourcing practices which must be followed to achieve the objectives set for 2018. It has two goals:

  • Improving CSR risk management during the sourcing process;
  • Increasing sourcing diversity while contributing to improving the territorial and environmental footprint of the Group.

The operational implementation of the Positive Sourcing Program is in progress in France and internationally. This plan follows the implementation of the internal instruction "Conducting Responsible Sourcing" appended to the Global agreement on fundamental rights signed in June 2015 with UNI Global Union, showing the Group's intent to implement it across all Group entities.

Managing risks in our sourcing processes

As part of the 2018 Positive Sourcing Program and in line with the CSR strategy of the Group, three priorities were defined:

Priority 1: Contributing to the growth of SMES and micro-entreprises
SME's are major players in the French economy. Societe Generale intends to facilitate these companies' access to the Group's deals and establishes mutual trust with all its suppliers. The plan is to increase by 20% the 2015 spending with SMEs and Micro enterprises within the end of 2018.


Societe Generale, the first bank to sign the SME Pact in 2007, continues to strengthen its commitment to innovating SME's. Several actions are taken within the Group: including calls for expertise, sponsorship, win-win partnerships  and the Supplier Survey. The Supplier Survey is an annual evaluation of the quality of Societe Generale's relations with its SME suppliers. In 2017, Société Générale kept strengthening its commitment to innovating SMEs, holding a first SME Sourcing Forum with about sixty SMEs.

More than 30% of the Group's purchasing is made every year with French micro-enterprises and SMEs. Thereby facilitating access to the deals of the Group, Societe Generale contributes to developing the regional economy, within a framework of mutual trust with all its suppliers

 

 

Priority 2: Establishing ourselves as the leading partner of the social economy sector
The plan is to double the 2015 spending with suppliers from the social economy sector within the end of 2018. Close collaboration between the Mission Handicap unit of the Group and the Sourcing Division ensures that, whenever it is possible, the supported employment sector is included in the supplier sourcing process. In addition to the increased involvement with the sheltered sector, the Positive Sourcing Program extends the scope of action to partnerships with "social integration" companies and other players of the Social Economy Sector.


For example, a project was initiated to increase the use of social businesses to provide us with IT services. The goal of this initiative is twofold: to support the social business in professionalizing its IT network, and to increase the use of these suppliers in strategic activities for the bank in relation to the digital transition which represents a significant spending volume for Societe Generale. The project should enable Societe Generale to maintain, or even increase, its expenditure with the supported employment sector.

 


Priority 3: Contributing to the corporate climate target set for 2020
The Group is engaged in the energy transition and circular economy with the goal of reducing by 25% its emissions of CO2 per employee within 2020 (in relation to 2014), making the fight against climate change a major focus of its environmental policy. For Societe Generale itself, it materializes in the development of Green IT, the improvement of the energy performance of buildings and the improvement of the environmental performances of all the products and services purchased by the Group.


The goal is to always look for innovating products and services with environmental added value based on the analysis of the environmental impacts (CO2 emissions and environmental efficiency).
This new action plan is part of an ongoing progress approach.
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Suppliers testimonials

In the event of a dispute, you can contact the internal Mediator free of charge
at the following address:

Société Générale
Médiateur interne des relations Inter-Entreprises
SEGL/DIR
Tours Société Générale
75886 Paris Cedex 18