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.