Group CSR Annual Report 2017
Corporate responsibility is an integral part of our profession. Our corporate responsibility will cement our position as a benchmark bank for our customers.
Séverin Cabannes Deputy Chief Executive Officer
We have set environmental and social principles that apply to all our activities and that are now taken into account in the daily conduct of our business.
Sylvie Préa Group's Director of Corporate Social Responsibility and Sustainable Development
Societe Generale is committed to being a key financial sector player in terms of Corporate Social Responsibility. From 2016, we stoped all new financing for coal-fired thermal power plant projects. We have also made the commitment to double financing for the renewable energy sector accompanied by the ability to mobilise up to ten billion euros in financing by 2020
Through their daily actions, Societe Generale implements their responsible commitments
To know more about CSR at Societe Generale
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.
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.
2000: Societe Generale is a founding member and the only French back to participate in the Wolfsberg Group, an association of 13 international banks committed to fight money laundering and corruption.
2001: participation in the United Nations Environment Programme Finance Initiative (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.
2003: accession to the UN Global Compact Diversity Charter which encourages businesses to integrate human rights, labour and anti-corruption principles into their operations and strategies.
2004: signatory of the Diversity Charter and compliance with the environmental obligations stipulated by the Grenelle 2 law.
2007: adoption of the Equator Principles , a set of guidelines adopted by financial institutions for determining, assessing and managing social and environmental risk when financing projects.
2014: supported the Green Bond Principles, which aims at establishing a reference framework for green bonds.
2014: Lyxor signed the Principles for Responsible Investment (PRI).
2015: signing of the Commitments from Investors for Growth Charter.
2015: signing of a Global Agreement on Fundamental Rights with the UNI Global Union.
2015: joined the Soft Commodities Compact of the Banking Environment Initiative to fight deforestation.
2015: joined the Principles for Integrating Climate Action in Financial Institutions.
2016: signed the Women’s Empowerment Principles – WEP, Professional Equality Charter of United Nations, and the International Labour Organization’s Global Business Charter on Disability
To know more about 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.