Societe Generale group conducts its business with the utmost respect for fundamental human and workers’ rights and for the environment wherever it is in the world.

Corporate responsibility in all its dimensions – economic, social and environmental – has for many years been an integral part of the way we work as bankers.

Frédéric Oudéa, Chief Executive Officer

Governance and management

The Bank complies in full with the obligations set out in the French "Grenelle 2" law on the national commitment for the environment, including those relating to "art. 225" linked to company transparency in environmental and social issues and "art. 75" relating to the publication of a report on greenhouse gas (GHG) emissions.  Since 2011, the Group has published its Environmental and Social (E&S) General Guidelines, which apply to all its activities and are based on initiatives that it joined between 2001 and 2007.

CSR management at Societe Generale forms an integral part of the Group’s organisation and is implemented by various resources and structures at different levels (governance, compliance and internal control functions, risk committees, new product committees, internal regulations, Code of Conduct, Audit Charter, Tax Code of Conduct, etc.).

The CSR and Sustainable Development Department which reports to the General Management through the Group Corporate Secretary and along with the CSR managers, is in charge of defining and promoting the Group’s CSR policy, overseeing its implementation as part of the Bank’s global strategy, and coordinating the activities of the CSR contributors and all related initiatives. It also provides assistance to the business lines, encourages dialogue and helps disseminate best practices.

To this end, the committee implemented a reporting system in 2005 to track progress on our CSR policy using five indicator categories:

  • Governance indicators: governance, ethics, compliance, risk culture, etc.
  • Business indicators: social and environmental evaluation of counterparties and projects, product innovation in favour of sustainable development, customer satisfaction, contribution to local development, etc.
  • Social indicators: employment, career and skill management, remuneration, working time, internal dialogue, health, safety, etc.
  • Environmental indicators: environmental management system, environmental awareness, water and energy consumption, transport, paper, waste, etc.
  • Sponsorship indicators.

To know more about Governance
To know more about Loyalty of practice

The Group's CSR Strategy

Societe Generale aims to be a key player, among leading financial institutions in terms of Corporate and Social Responsibility (CSR).

Our CSR policy involves implementing our commitments, and outlines the following strategic priorities: responsible finance, the environment and the climate with associated products and services, the social and solidarity economy (with associated products and services), the Group’s commitment to exemplary performance in its procurement strategy and as a responsible employer, and citizenship sponsorship/partnerships.

The CSR policy ensures that the Group upholds its commitments and makes sustainable progress according to priority areas related to its global strategy.

The Bank plays an active short-term and long-term role in supporting the economy and remains attentive to stakeholders who influence the banking sector.

The Board of Directors has reviewed the implementation of the Group’s strategy for 2016 and has approved the CSR strategy for 2017-2020. In addition, as of 1st January 2017, the Chief Executive Officer has appointed the CSR and Sustainable Development Director within the Bank’s Management Committee.

To know more: CSR priority issues