Societe Generale accelerates its commitments in favour of a responsible ecological transition
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.
French banks spearheading green and responsible finance
The French Banking Federation (Fédération bancaire fran?aise or FBF) publish their third edition of the Banks & Climate report identifying the climate initiatives taken by the banking sector and showcasing the wide variety of solutions available to individuals and professionals to promote a greener economy.
Societe Generale reinforces its commitments to building a more sustainable future
Societe Generale is a Founding Signatory of the Principles for Responsible Banking and joins the Collective Commitment on Climate. As a demonstration of this commitment, the Group is making a new commitment of raising €120 billion for the energy transition between 2019 and 2023, of which €100 billion in sustainable bonds issues and €20 billion dedicated to the renewable energy sector through advisory and financing.
Best bank worldwide for the environment
RobecoSAM's annual sustainability ranking puts Societe Generale in 1st place worldwide on environmental matters and 6th place in Europe for all ESG (Environmental, Social and Governance) factors, out of the 175 banks analysed. “These results are proof of our determination to incorporate our CSR policy into the Group’s strategy to continue making a positive contribution in meeting environmental and social challenges,” Diony Lebot, Societe Generale Group's Deputy CEO
3rd Quarter 2019 Results
"Once again this quarter, we have achieved results very much in line with our objectives and priorities. In terms of capital, there was a further substantial increase in the CET1 ratio to 12.5%. The cost of risk remained low for all the businesses, reflecting the quality of the loan portfolio. Societe Generale has confirmed its role as a committed and responsible player and leading international bank in terms of financing the energy transition. The Group, with the strong commitment of its teams, is confident of its ability to deliver, in an ever more restrictive environment in Europe.” Frédéric Oudéa, Chief Executive Officer
DIGITAL & INNOVATION
TechWeek 2019 took place on 12 and 13 November at Societe Generale's technology hub Les Dunes in the east of Paris and on 14 November at the Bank's headquarters in La Défense. This unique event in the banking industry put the spotlight on use cases developed with the latest technologies by Societe Generale and its partners from the innovation and tech ecosystems to provide better customer service by combining the best of both the digital and human worlds.
Latest press releases
Societe Generale announces an agreement for the sale of SG Finans to Nordea
Societe Generale announces the signing of an agreement to sell SG Finans AS, its equipment finance and factoring activities in Norway, Sweden and Denmark, to Nordea Finance, the asset based finance & factoring arm of Nordea Bank. Nordea is one of the largest financial services group in the Nordics and serves customers in four home markets - Denmark, Finland, Norway and Sweden.
Gabriele Schnell appointed as Head of Global Transaction Banking for Germany
Societe Generale announces the appointment of Gabriele Schnell as Head of Global Transaction Banking for Germany, effective since November 20, 2019. Based in Frankfurt am Main, Gabriele reports to Philippe Penichou, Head of Cash Management International Network and to Francoise Esnouf, Member of the Management Board of Societe Generale’s Frankfurt Branch.