CSR at SG CIB

Set up in May 2008, the role of the Corporate and Social Responsibility function within Société Générale's Corporate and Investing Banking arm (SGCIB/CSR) is to coordinate all Group initiatives worldwide aimed at ensuring that the bank meets each of its commitments and lives up to the expectations of its stakeholders when it comes to sustainable development.

Creating lasting value for shareholders, customer and employees alike is a fundamental priority in the bank's development strategy, but a priority that can only realistically be met if it is part of a much wider policy governing social development and the protection of the environment. To ensure its success, SG CIB focuses its efforts on three core domains:
  • Responsible financing: SG CIB's environmental and social risk management programme strives to reinforce the integration of social and environmental criteria in every aspect of its corporate and investment banking activities. It proactively aspires to developing its finance, investment and market businesses in sectors which have a positive social and environmental impact such as renewable energies or waste treatment.
  • Limiting the bank's direct impact on the environment: In line with the Group's commitments, notably to achieve carbon neutrality by 2012, SG CIB constantly seeks to limit the direct impact on the environment of its activities in France and abroad. More specifically, it aims to reduce its CO2 emissions through the widespread implementation of best environmental practices by its teams, and to progressively offset the bank's incompressible CO2 emissions via the purchase of carbon credits.
  • SG CIB's Citizenship Programme is devoted to supporting charity organisations in the different countries in which the bank is present (consulting services, financial contributions, skills sponsorship and voluntary work). Today, the bank works alongside the NGO, CARE [lien sur la page CARE un partenarait global], in financing projects which will give underprivileged children in Peru, Mali, Bangladesh and Morocco access to education. These 4 projects, which are chosen by the bank's staff, are financed by the Société Générale Foundation for Solidarity and Care (€ I million over 3 years) and by employee donations at the different fundraising events held each year (€ 116,000 in 2009).