CORPORATE SOCIAL RESPONSIBILITY
“Aware of our responsibility to serve the economy and to promote development, we incorporate sustainable development considerations both into our long-term strategy and in the day-to-day operations of our banking business”.
Séverin Cabannes, Deputy Chief Executive Officer
The Group has made environmental and social (E&S) commitments and implements them consistently throughout all of its business lines. Its concern for the economic and social impacts of its operations has led it to participate in the development of the countries where it operates by supporting the creation of businesses and financing local economies. It takes care to adopt a fair, transparent approach in its dealings with its clients.
- In 2001 Societe Generale signed the “Statement by Financial Institutions on the Environment & Substainable Development Environmental Programme Financial Initiative (UNEP – FI)”.
- United Nations Global Compact (Participant from 2003)
- Wolfsberg Group, anti-money laundering (founder member)
- Diversity Charter in France (signed from the Group in 2004)
- Principles for Responsible Investment (signed in 2006)
- Equator Principles (from 2007)
Societe Generale appears in many sustainable development indices:
DJSI (World and Europe), FTSE4Good (Global and Europe),
Euronext Vigeo (Europe, Eurozone and France),
ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders indices
Societe Generale aims to be the relationship bank, close to its clients, recognised for the quality of its teams.
In accordance with its values – team spirit, innovation, commitment, responsibility – the Group therefore promotes a culture of innovative entrepreneurs who can adapt to a changing environment and tackle challenges as a team. In return, it aims to be a responsible employer, which treats its employees with fairness and respect for their diversity, giving each of them the means to grow.
- Over 148,300 employees
- 121 nationalities
- 76 countries
- Over 60% women
- More than 60% outside of mainland France
- 37,9 average employee age
- 150 years of history
ENVIRONMENT AND RESPONSIBLE PURCHASING
Societe Generale is committed to reducing its direct impacts on the environment. In particular, it is engaged in an innovative, collaborative programme to limit its greenhouse gas emissions and has set its ambitions higher since achieving carbon neutrality in 2012*. With full awareness of the economic influence of its purchases, it procures them responsibly, grades its suppliers and supports small- to medium-sized businesses and companies that employ disabled workers.
Entrepreneurial spirit and carbon programme
Societe Generale became one of the first banks to institute an “internal carbon tax” currently €10 per tonne of CO2 emitted. The money raised from each business line is used to finance internal environmental efficiency initiatives. In 2013, of the 53 projects submitted, 28 were selected, receiving a total amount of €2.6 million.
More than 1,500
suppliers, representing €3.4 billion in purchases, have been invited to undergo a CSR evaluation conducted by EcoVadis, an independent consultant, since 2011.
Million in purchasing from the protected sector.