world solidarity programme
SOCIETE GENERALE SUPPORTS THE INITIATIVE "ALL UNITED AGAINST CORONAVIRUS” AND STRENGTHENS ITS COMMITMENTS TO ASSOCIATIONS WHICH ARE PARTNERS OF ITS CORPORATE FOUNDATION
To face the spread of Covid-19, Societe Generale Group has been fully engaged all over the world to ensure the continuity of banking services, to protect its staff and to support its clients. From the beginning of the health crisis, in every countries in which the Group operates, exceptional support schemes have been put in place to help mitigate the negative impact on the economies, in close link with the public authorities. Societe Generale teams have been quick to react everywhere, showing their capacity and willingness to back the efforts of public actors and associations to fight against the epidemic.
Supporting the initiative “All United Against Coronavirus”
In addition to the work carried out by our staff in their professional capacities, Societe Generale is donating €1 million to the “All United Against Coronavirus” alliance, set up by the Fondation de France, the French public hospital authorities ("AP-HP") and the Pasteur Institute.
All United Against Coronavirus has launched a call to private individuals and corporates alike to support healthcare workers and researchers on the front line facing the emergency, and helping the most vulnerable. Societe Generale group has asked also its staff to join in with this movement for collective action.
Coronavirus crisis: Societe Generale takes action to support clients
Societe Generale is taking action with our teams to support our clients in need and find the best solutions possible under these extenuating circumstances. Our advisors are committed to staying close to their clients and will be available to relay the various measures communicated by national and regional authorities.
Societe Generale committed to ensuring the safety of our teams and clients
Societe Generale is closely monitoring the situation and following instructions, across the whole Group, given by the World Health Organisation and the authorities in France. Specific additional measures could locally apply, in relation to stricter instructions by governmental authorities in areas where the Bank operates.
We have put in place locally the necessary measures to ensure business continuity, with consideration for staff and client health and safety as a priority.
Specific measures such as hygiene matters, social distancing, rotation by sub-teams or working from home arrangements, where relevant, are in place to reduce any risk of contamination. Business travels is suspended.
Covid-19: Analysis by Michala Marcussen
Covid-19 has spread across the globe with tragic human loss and severe economic consequences. Hope is now that social distancing and closures will prove effective; both in flattening the epidemiological curve, to ease pressure on health care systems and save lives, and to buy time for medical advances. These preventative measures, while necessary, come at an economic cost, and will be achieved through four main channels.
Testing policy capacity
The fallout from the Covid-19 crisis is severely disrupting the global economy. The preventive lockdown measures being put in place worldwide are having a marked impact on consumer services, global supply chains and financial markets.
Policy room will now be put to the test, as fast-track and significant size monetary, prudential and fiscal measures will be required to offset the negative shocks and prevent the crisis from morphing into a prolonged and deep global recession.
Societe Generale joins the Hydrogen Council, supporting the development of hydrogen for energy transition
By joining the Hydrogen Council, Societe Generale demonstrates once again its commitment to a sustainable and climate-resilient future. Discover how hydrogen will assist in the energy transition and what role the bank will play.
DIGITAL & INNOVATION
GROW WITH AFRICA
The architect and anthropologist designing the African smart city
After spending two years studying advanced maths at the University of Lomé in Togo, Sénamé Koffi Agbodjinou moved to France to continue his education. It was during his studies in Paris that he became interested in Design, the History of Art and Architecture. That’s also when he discovered digital fabrication laboratories (or fablabs). In 2012, he founded Hub Cité.
Latest press releases
The combined General Meeting of 19 May 2020 shall be held without the physical presence of its shareholders
On 31 March 2020, by audioconference, the Board of directors of Société Générale SA have decided that the combined (ordinary and extraordinary) General Meeting of May 19, 2020 shall be held at 4 PM without the physical presence of its shareholders given the measures limiting public gatherings due to the health status in France.
Board of Directors meeting of March 31st, 2020
The Board of Directors has reviewed implications of the communication from the European Central Bank asking that banks do not pay dividends for the financial years 2019 and 2020 for the duration of the coronavirus crisis and until "at least the beginning of October 2020”.