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 information on carbon impact reduction

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.

The Sourcing Function’s 2020 Positive Sourcing Programme (the Group’s fifth action plan in respect of responsible sourcing) set two main objectives, in line with the 2018 Positive Sourcing Programme:

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

The 2020 Positive Sourcing Program (PSP) is part of the implementation of the Global Agreement on Fundamental Rights signed in June 2015 with UNI GLOBAL UNION, showing the Group's intent to implement the agreement across all Group entities.

In line with the Group’s CSR ambition, the positive impacts pillar of the 2020 PSP is based on three priorities:

1.  Supplier relationships

The Purchasing department aims to be exemplary in its relations with all of its suppliers, especially SMEs. Societe Generale, which was the first bank to sign the SME Pact in December 2007, continues to strengthen its commitment to innovative SMEs, notably through the annual Suppliers survey. This survey is an annual evaluation of the quality of Societe Generale's relations with SME suppliers. Furthermore, in the event of any disagreement not settled with the purchaser, Societe Generale encourages mediation as the preferred method of resolution. Since 2010, the General Secretary of the Group has been the Internal Mediator.

2. The social and solidarity economy (SSE)

We have achieved our target of doubling our 2015 spending with suppliers from the Social and Solidarity Economy sector by the end of 2018. Our ambition is to maintain this annual spending amount as a minimum.
Close working relations between the Group’s Mission Handicap department and the Sourcing division ensures that, whenever possible, the supported employment sector is included in the supplier sourcing process. In addition to the increased involvement with the supported employment sector, the Positive Sourcing Program extends the scope of action to partnerships with "social integration" companies and other players of the Social Economy Sector

3. The climate

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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