Responsible Finance

Societe Generale named Best Bank for Sustainability

Published on 22/03/2024

Societe Generale has won the prestigious IFR "Bank for Sustainability" award for "successfully accelerating and integrating the transition across all its activities". 

The IFR "Bank for Sustainability" award, which holds a prominent place among ESG awards for financial institutions, testifies to the Group's ambition and the scope of its action plan to accelerate the integration of ESG issues into all its activities.

Pierre Palmieri, Deputy Chief Executive Officer of Societe Generale, said: “This recognition reflects our concrete achievements in terms of sustainability, a cornerstone of our strategic roadmap. We adopt a global and responsible approach, involving all businesses and employees. Our goal is to proactively support our clients in their own transition, anticipating risks and opportunities. And through innovative solutions and partnerships, we contribute to the United Nations Sustainable Development Goals. While we can be collectively proud to receive this award, this is a long-term process to which we remain fully committed.”

Prix IFR 2024

From left to right: Jasvant Singh, Paula Dunin-Wasowicz, Guillaume Arnaud, Frédéric Despagne, Kristell Herbault, Thierry d’Argent, Hacina Py, Hatem Mustapha,
Zvi Wohlgemuth, Laila Mukhey, Jane Karczewski, Andrew Menzies

The award recognizes the Bank's transformation initiatives, training plans, and innovation capabilities, both in terms of solutions, new standards and the establishment of new partnerships. In 2023, the Group has set a target of reducing its exposure to the oil and gas production sector by 80% by 2030 and launching a €1 billion investment envelope for the transition. These new commitments, which are ever more ambitious and meaningful, have enabled Societe Generale to stand out.

Committed to sustainable finance, the Bank is positioning itself as a leading player in the field of ESG. 

Learn more about this award