Responsible conduct of the group’s proprietary activities

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As part of its 2014-2020 carbon reduction programme, Societe Generale has undertaken to cut its greenhouse gas emissions by 25% per occupant and to improve the energy performance per occupant of the Group’s buildings by 20% by 2020 as compared to 2014 levels.

At the end of 2018, greenhouse gas emissions per occupant were down 19% on 2014 levels and energy performance per occupant had improved by 21.5% as compared to 2014.


International carbon tax

Each year, a carbon tax is levied on each of the Group’s entities, based on their greenhouse gas emissions (EUR 10/tonne CO2 equivalent) and the sums collected are then redistributed in the form of rewards for the best internal environmental efficiency initiatives, through the “Environmental Efficiency Awards”.

Over the past six years, internal carbon tax revenues have benefitted 305 initiatives in 32 participating countries over four continents. Average annual allocations total EUR 3 million, with the following results:


For further informations about the reduction of carbon footprint

Responsiable sourcing

The Group’s total annual procurement budget amounted in 2018 to EUR 6.8 billion. In pursuing a responsible sourcing policy since 2006, with a view to ensuring compliance with Societe Generale’s environmental and social commitments, the Sourcing Function has shown itself to be key to the CSR ambition.

The Group strives for continuous improvement in its sourcing practices. In 2012, the French National Ombudsman (Médiation des Entreprises) and National Procurement Council (CNA) awarded the Group “Responsible Sourcing and Supplier Relations” certification.

Over the period between 2016 and 2018, the Sourcing Function’s Positive Sourcing Programme (the Group’s fourth action plan in respect of responsible sourcing) had two main objectives:

  • to improve CSR risk management during the sourcing process;
  • to diversify sourcing, contributing to improvements in the Group’s regional and environmental footprint.

This programme follows on from the “Responsible Sourcing Practices” internal guideline, as appended to the Global Agreement on Fundamental Rights signed in June 2015 with UNI Global Union. This is a clear signal from the Group that the programme is intended to apply to all entities.

In line with the Group’s CSR ambition, the 2018 Positive Sourcing Programme is based on three priorities:

1. Contributing to the growth of VSBs and SME

Societe Generale was the first bank to sign the SME Pact in December 2007 and facilitates access to the Group’s contracts for VSBs and SMEs as well as fostering mutual trust with its suppliers.
In 2018, the Group’s buyers pursued their efforts in favour of VSBs and SMEs: such businesses were consulted in 82% of the Group’s tenders (when involving eligible categories).

2. Establishing itself as the partner of choice in the social and solidarity economy (SSE)

The Group had set itself the target of doubling the volume of sourcing from SSE structures by end-2018 as compared to 2015, increasing it to an annual volume of EUR 10 million (the SSE covers the supported and sheltered employment sectors as well as workforce integration schemes and positive-impact companies). In 2018, the Group pursued its efforts in favour of SSE structures, opening up new sourcing categories to the supported sector, in particular IT and intellectual services. As a result, sourcing from the SSE in 2018 amounted to more than EUR 10 million.

It was decided to keep the same target (i.e. an annual volume of EUR 10 million) for 2020.

3. Contributing to the Group’s climate target for 2020

In line with the Group’s target of reducing its CO2 emissions by 25% per occupant by 2020, the businesses work on developing innovative products and services with high environmental added value. To support these efforts, in 2018 the Group brought in an outside expert to talk to its IT and software buyers about Green IT and responsible design of digital services (for more information on IT infrastructure, see p. 281, “Carbon Reduction Programme (2014-2020)”.

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