Corporate Social Responsibility
Societe Generale in the UK is committed to having a positive impact on our local communities and on the environment. CSR is embedded in our culture and is a clear demonstration of our core company values of Team Spirit, Commitment, Responsibility and Innovation.
Societe Generale’s aim is to become a benchmark in CSR among Europe’s leading financial institutions. Our global CSR policy focuses on 6 main pillars:
For the latest global CSR report, please click here.
Citizenship in the UK
Societe Generale in the UK is committed to building stronger communities through raising educational aspirations and improving employability prospects. We encourage and support our employees to participate in initiatives that contribute to creating a more inclusive society. As well as having a positive impact locally, our programmes provide benefit to our staff and the Bank as a whole and are a clear demonstration of our core company values of Team Spirit, Commitment, Responsibility and Innovation.
“Citizenship is at the heart of our culture here in the UK, demonstrated by the fact that so many of our staff are involved. I am immensely proud that, through their efforts, we are able to have a real tangible and positive impact on peoples’ lives across society. Building on our CSR agenda in the UK continues to be a core part of our strategy moving forward.”
Sadia Ricke, UK Chief Country Officer
Current Charity Partner: CLIC Sargent
In March 2018 CLIC Sargent became the charity partner of Societe Generale in the UK. Over the next three years, we will be working together to ensure that a young person’s potential isn’t limited by a cancer diagnosis. We will be Building Futures and supporting young people to achieve their education and employment dreams through specialist care teams and a brand new ‘Thrive, not just Survive’ grants programme.
When cancer strikes young lives, CLIC Sargent helps families limit the damage it causes beyond their health. They know young cancer patients’ education, employment and futures can falter. Three in five young cancer patients’ (61%) agreed that having cancer presented barriers to their education and 60% don’t know what to write about cancer on their CVs. CLIC Sargent provide specialist support to help and guide each young cancer patient and their family. They will fight tirelessly for them, individually, locally and nationally, so that they can focus on the important things, like getting well.
Our partnership with CLIC Sargent supports Societe Generale’s global commitment to inclusion through education and employability. As well as aiming to fundraise £1million, we will be sharing employees’ time, skills and experience.
The Societe Generale Community Fund
In 2017, the bank set up the Societe Generale Community Fund which aims to support young people on their journey into the world of work by improving their literacy and educational development through sport, the arts or cultural activities. The £100k fund is administered by EECF and was established with monies released from dormant accounts in accordance with applicable regulatory requirements. The first grants fund supported seven innovative grassroots projects using performing arts, boxing, football and other sports to build skills.
Since 2010, together with UBS and Linklaters, Societe Generale have been supporting this volunteering partnership programme delivered by ELBA. Hackney Works aims to share employees time and skills to improve 1) overall performance of voluntary and community sector and 2) the employability and life skills of local residents. During its seven years, Hackney Works has engaged 900 business volunteers, delivered more than 200 different activities, placed 30 board members and supported 125 different community organisations and over 750 beneficiaries.
Enabling Enterprise was founded by teachers in 2009 and now works with over 60,000 students nationally. A not-for-profit social enterprise, their vision is to ensure that, one day, every student will leave school with the skills, experience and aspirations to succeed. In 2016, the Trust donated £25,000 to help Enabling Enterprise to increase their national footprint by enabling a pilot of school engagement in the South West.
Previously the Trust has also supported
- Hackney Giving – a place based giving fund supporting grassroots organisations which increase employability, improve wellbeing and reduce isolation
- Partner primary schools – St Peters and Canon Barnett to fund educational trips to the theatre and Paris.
Globally, Societe Generale’s citizenship progamme includes the Corporate Foundation for Solidarity. Since its creation in 2006, the Foundation has been active in the field of professional integration, focusing on helping young people to start their careers and tackling illiteracy. The foundation’s annual budget of 3 million euros supports approximately 100 projects in France and countries where we operate. This has included a number of our key UK partners such as City Gateway’s project supporting women to improve their literacy and language skills.
Societe Generale in the UK has a Group wide policy of 24 hours per year of volunteering time accessible for all employees. Employees can use this to undertake their own personal volunteering, or to access the range of citizenship programmes organised centrally.
There are opportunities for employees at all levels to engage in; from one-off employability, enterprise and business planning workshops, to ongoing primary tutoring, adult literacy sessions, mentoring and trusteeships. In 2016, over 10,000 hours were volunteered by our staff supporting thousands of beneficiaries from our neighbouring communities including pupils, young people, residents, charities, social enterprises and schools.
Recognising the training potential that volunteering provides, Societe Generale has created a personal development tool that enables employees to select volunteering opportunities which enhance their skills, complementing traditional training and their annual performance objectives.
For further information, please contact LonCSR@socgen.com.