Societe Generale group studies the creation of a new retail bank in France
Combining the strengths of the two networks Crédit du Nord and Societe Generale would create a major player on the French banking market serving 10 million clients. Drawing on its regional roots and digital strength, the new bank would aspire to a renewed ambition in terms of commercial success and profitability while offering the highest level of client satisfaction and building a more efficient model. Guided by the shared values of the two brands, the new bank would further strengthen its responsible banking commitments and continue to participate fully in regional sustainable development.
Societe Generale joins the United Nations Global Compact CFO Taskforce
“Societe Generale is firmly committed to the UNEP-FI principles for responsible banking and I am delighted to build on these through the UN Global Compact Chief Finance Officer (CFO) Taskforce, by sharing best practices to contribute towards the best possible standards for a sustainable market place. This CFO taskforce creates a bridge across sectors and geographies to collectively accelerate the transition to a low carbon inclusive economy.”
William Kadouch-Chassaing, Deputy General Manager, Head of Finance
Katowice banks: a joint methodology to help align credit portfolios with the goals of the Paris Agreement
International banks BBVA, BNP Paribas, ING, Société Générale and Standard Chartered have published a report on the application of the PACTA methodology, designed to steer their credit portfolios towards the objective of the Paris Climate Agreement. This report aims at helping banking peers to quickly understand and apply this methodology and thus publish comparable results.
Hydroelectric power plants and wind farms continue to grow thanks to green bonds
Ecoener, a Spanish energy generation company, successfully issued a 130 million euros green bond to refinance wind and hydroelectric projects in the Canary Islands and Galicia. The deal, the first mixed green bond issued by a Spanish company, gives Ecoener a stable and flexible capital structure to undertake future growth initiatives from a position of strength.
DIGITAL & INNOVATION
Supporting female entrepreneurs: a challenge for female Fintech for Good founders
Promote Fintech for Good women-led startups, identify new solutions and banking experiences that solve social and environmental issues, for our customers, and accelerate the transition towards a greener economy: these are the goals of the Female Fintech for Good challenge organised by Societe Generale and the 50inTech association. As a partner of this challenge, the Group supports women who lead projects with a positive impact and encourages them to get started. Female entrepreneurs must be able to play an important role in the economic recovery and in building the future of finance.
AI for Finance: How AI is revolutionising the finance sector?
Artificial intelligence (AI) is revolutionising the finance sector and this year’s edition of AI for Finance addressed these challenges and issues, with more than 50 use cases from over 10 countries. As a partner of this 100% digital event, Societe Generale was present to decipher and share how AI is being used within the Group, through speeches on the BFM Business stage, in panels and in masterclasses. The role of women in AI and data science and the importance of diversity in this field was also highlighted through a special meetup organised in collaboration with Women in Machine Learning & Data Science (WiMLDS).
world solidarity programme
Ensuring continued banking services, protecting our staff and supporting our clients
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.
Societe Generale supports the IFRC in Africa
As part of World Solidarity Programme that Societe Generale launched in May, the Group made a donation of €1 million to the International Federation of Red Cross and Red Crescent Societies (IFRC) to support actions in Benin, Congo, Equatorial Guinea, Ghana, Guinea, Mauritania, Mozambique and Togo.
Through this donation, the IFRC will be able to lead actions in terms of prevention, fighting against the spread and fighting against the socio-economic impact due to the Covid19 pandemic.
Mobilized for You
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.
Playing their part during the crisis
In the context of this unprecedented COVID-19 pandemic and in an effort to combat the crisis, all economic players are mobilising and playing their part. Through a series of stories, interviews and podcasts, a voice is given to “committed entrepreneurs”, whether business leaders, business owners, or wokring for a charitable association… driven by the desire to help and take action by adapting their businesses, they reacted, turned things around and innovated. In particular, through the French State-guaranteed loan facility, Societe Generale continues to support economic players.
Latest press releases
Appointments within the Group
Societe Generale announces the appointment of Grégoire Simon-Barboux as Group Head of Compliance, effective as of January 1st, 2021. Grégoire is currently Group Deputy Head of Risk. He will replace Edouard-Malo Henry, who will now devote himself fully to personal projects after more than 35 years within Societe Generale.
Societe Generale group studies the creation of a new retail bank in France, with regional roots and serving 10 million clients, based on the merger of its two banking networks, Credit du Nord and Societe Generale
Combining the strengths of the two networks would create a major player on the French banking market serving 10 million clients. Drawing on its regional roots and digital strength, the new bank would aspire to a renewed ambition in terms of commercial success and profitability while offering the highest level of client satisfaction and building a more efficient model. Guided by the shared values of the two brands, the new bank would further strengthen its responsible banking commitments and continue to participate fully in the sustainable development of the territories.