Société Générale wants to be top brass in the French banking industry. The bank (more familiarly known as SocGen) commands a three-pronged campaign, with operations in global investment management (including SGPrivate Banking and majority-owned online brokerage Boursorama); retail banking and specialized financial services, including finance, leasing, and insurance; and corporate and investment banking, focusing on European capital markets, derivatives, and structured finance. In the US, the company controls asset manager The TCW Group. SocGen has about 3,000 branches in France (including its Crédit du Nord division), and some 5,300 locations worldwide.
Société Générale
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4.52
Overall Excellence Rating
Industry
Financial ServicesCategory
Investment & Asset ManagementESG/Ethical Impact
We performed a materiality assessment as the foundation for evaluating ESG across the organization. Through this process, we utilized a matrix that graphs relative importance of ESG topics to our stakeholders and our business success. The issues raised by our stakeholders are plotted in increasing importance across the Y axis, with our stakeholders being identified as our employees, customers, suppliers, communities, investors, and the environment. Our business success, plotted in increasing importance across the X axis, was identified as our long-term ability to continue providing innovative products and services to our customers. During the scoping phase of the materiality assessment, we consolidated material topics and identified 11 ESG topics that most directly impact our stakeholders and business. We identified many areas where the magnitude of the impact to stakeholders was material, but the impact to the business was not relevant to the industry we operate in (for example, hazardous waste handling). In these scenarios, we strive to advance the best interests of all stakeholders when applicable, but these efforts are not documented below because they are not material in or to our business.
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Awards Received
2023
Revenues
20774000000
Website Traffic
Employee Rating
3.8
Customer Rating
4.1
Company Size
10000+
ESG Risk Rating
4
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