Understanding our Annual Results 2019
2019 was a year of considerable progress during which we achieved all the targets, both strategic and financial, that we set ourselves. As a result, we substantially increased our capital ratio, which stood at 12.7% at the end of 2019. This was the priority target for 2019 in order to strengthen market confidence in our ability to absorb future regulatory impacts. In line with the commitments made, the dividend, proposed to the General Meeting on May 19th, will be EUR 2.20 per share in cash. We see this high dividend as a means of thanking our shareholders for their trust and loyalty.
At the proposal of the Nomination and Corporate Governance Committee held on 5 November, 2019, the Board of Directors approved the proposals to renew and appoint Directors ahead of the General Meeting of shareholders to be held on 19 May, 2020.
Climate change is increasingly in the news, and while the horrific images of extreme weather and the tragic loss of life and livelihoods spring to mind, just how climate change is shifting consumer and investor behaviour, as well as public policy, is equally deserving of attention.
A pioneer in financing renewable energies and committed since 2015 to aligning its activities to a trajectory limiting global warming to under 2°C, the Group’s voluntary and responsible strategy to answer the climate emergency is based on two priorities.
2019 saw the arrival of a few new Electric Vehicules, but these mainly belong to the middle and upper segment. 2020 promises to bring a plethora of more affordable models in the lower segments. As such, they become accessible to many more company car drivers. ALD has drawn up an overview of the new EV models coming to market in 2020, segment by segment.
Combining the best of digital technology and people, seizing new business opportunities by mixing the Bank's expertise with other players in the economy… these are the possibilities offered by Open Banking, which opens up the Bank to new practices and new ways of interacting with our customers. Philippe Aymerich, Deputy CEO of Societe Generale group, explains further.
Societe Generale joins the Hydrogen Council, supporting the development of hydrogen for energy transition
By joining the Hydrogen Council, Societe Generale demonstrates once again its commitment to a sustainable and climate-resilient future. Discover how hydrogen will assist in the energy transition and what role the bank will play.
From 9 January to 9 February 2020 the new edition of Project 54, with the Women in Africa Foundation is open to new candidates. The Women in Africa Foundation supports and assists African women entrepreneurs. Thanks to the establishment of an endowment fund, Women in Africa is carrying out a general interest mission and promoting the spread of education in the field of economic development, and more particularly the training of future women leaders of innovative businesses. In 2019, the Foundation launched Project 54 in collaboration with Societe Generale, a major sponsor of the initiative. This continent-wide initiative will see 54 women entrepreneurs from the 54 African countries selected to participate in the Project, which will provide them with support and publicity.