3rd Quarter 2019 Results
"Once again this quarter, we have achieved results very much in line with our objectives and priorities. In terms of capital, there was a further substantial increase in the CET1 ratio to 12.5%. The cost of risk remained low for all the businesses, reflecting the quality of the loan portfolio. Societe Generale has confirmed its role as a committed and responsible player and leading international bank in terms of financing the energy transition. The Group, with the strong commitment of its teams, is confident of its ability to deliver, in an ever more restrictive environment in Europe.” Frédéric Oudéa, Chief Executive Officer
DIGITAL & INNOVATION
TechWeek 2019 took place on 12 and 13 November at Societe Generale's technology hub Les Dunes in the east of Paris and on 14 November at the Bank's headquarters in La Défense. This unique event in the banking industry put the spotlight on use cases developed with the latest technologies by Societe Generale and its partners from the innovation and tech ecosystems to provide better customer service by combining the best of both the digital and human worlds.
Core elements of the Group’s digital and innovation strategy - Interview with Claire Calmejane and Christophe Leblanc
Societe Generale embarked on digital transformation in the early 2010s, to invent the bank of tomorrow. Things have considerably gathered pace over the last three years. The bank has laid the necessary technological bricks and reached digital maturity, embodied in the eCac40 trophies over the last four years. The Group has now moved on to phase 2: industrialisation.
Signature of the Sustainable IT Charter
During TechWeek 2019, Societe Generale announced the signature of the Sustainable IT Charter. “With the scaling-up of our digital transformation, our IT function, already engaged in responsible projects, is making a further commitment by signing the Sustainable IT Charter to limit the environmental impact of technology and encouraging digital inclusion,” said Christophe Leblanc, Group Head of Corporate Resources and Digital Transformation at Societe Generale.
Societe Generale reinforces its commitments to building a more sustainable future
Societe Generale is a Founding Signatory of the Principles for Responsible Banking and joins the Collective Commitment on Climate. As a demonstration of this commitment, the Group is making a new commitment of raising €120 billion for the energy transition between 2019 and 2023, of which €100 billion in sustainable bonds issues and €20 billion dedicated to the renewable energy sector through advisory and financing.
Best bank worldwide for the environment
RobecoSAM's annual sustainability ranking puts Societe Generale in 1st place worldwide on environmental matters and 6th place in Europe for all ESG (Environmental, Social and Governance) factors, out of the 175 banks analysed. “These results are proof of our determination to incorporate our CSR policy into the Group’s strategy to continue making a positive contribution in meeting environmental and social challenges,” Diony Lebot, Societe Generale Group's Deputy CEO
RUGBY WORLD CUP 2019
Worldwide Partner of the Rugby World Cup 2019
With Rugby World Cup 2019 held from 20 September to 2 November, the Group reinforces its prestigious partnership status as a Worldwide Partner and Official Bank, which dates back to Rugby World Cup 1991. With the tournament in Japan now over, Societe Generale continues to bring people together and encourages all to celebrate the biggest rugby event in the world!
The official rugby bank: a historic commitment
Societe Generale became the official "rugby bank" in 1987. Today, this longstanding partnership means the bank proudly displays its logo on the game’s goalposts and closely associates its values to those of the sport. A commitment that hasn't happened by chance: its roots reach right back to the beginning of the last century.
Latest press releases
Accelerate the energy transition locally: the Credit du Nord Group partners with Lumo
Signing of a partnership agreement between Lumo and the Credit du Nord group, to accelerate the energy transition locally via crowdfunding centered on renewable energies.
Societe Generale signs the Sustainable IT Charter
On the occasion of its #TechWeekSG event, Societe Generale announces the signature of the Sustainable IT Charter, under which the Group is reasserting its commitment to contribute to the positive transformation of societies and economies.