Sectoral and Cross-Functional policies

In 2011, Societe Generale defined its commitments (E&S) in sensitive sectors through Sectoral and Cross-Functional policies. They apply to all of the Group's business lines and activities through Finethic.

The Sectoral and Cross-Functional Policies now cover a dozen sectors in which the Group plays an active role. They are approved by the Executive Committee and signed by the CEO and apply to the entire Group*. Societe Generale was thus one of the first banks to adopt a cross-functional biodiversity policy.
The Bank is a partner to its customers in their financing needs: it informs them of these E&S criteria and engages with those whose practices meet or aim to meet its General Guidelines and Policies. The principle of a systematic E&S analysis incorporated into the customer review, already implemented in SG Corporate and Investment Banking, is gradually being extended to all of the Group's entities. Societe Generale has implemented E&S evaluation procedures adapted to each type of financial commitment.
Finethic includes all of these E&S Guidelines and Policies mentioned above as well as a Positive Impact Finance (PIF) approach, which elaborates on the Group's activities having a positive impact on the environment and society.
NOTES
* Verified by Ernst & Young