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Societe Generale in the UK signs Women in Finance Charter

Societe Generale in the UK has signed the Women in Finance Charter, confirming its commitment to supporting the progression of women into senior roles across its UK business.

The Women in Finance Charter is a UK Government sponsored initiative which reflects the aspiration to see a more equitable and fair industry in terms of gender balance at all levels across financial services.

By signing the Charter the bank has confirmed its commitment to supporting the progression of women into senior roles by focusing on the mid-tier to senior level pipeline.

The Charter is comprised of four pledges, with the bank’s commitments below:

  • Have a senior executive take responsibility and accountability for gender diversity and inclusion.

Both Sadia Ricke, Chief Country Officer, UK and Christophe Lattuada, Global Head of Prime Services and CEO of SG International Limited are the main sponsors who will spearhead the programme.

  • Set internal targets for gender diversity across senior management.

Target is to increase the number of women in senior roles by at least 3% across the UK platform to reach a minimum of 25% by 2022.

  • Publish Societe Generale’s progress annually against these targets on the bank’s website which will directly link to the HM Treasury website.

As defined by HM Treasury, the bank will publish its targets by September 2019 and report on progress annually to support the transparency and accountability needed to drive change.

  • Link the senior executive team’s reward with delivery against our gender diversity targets.

Each UK Executive Committee member will have a diversity and inclusion objective linked to how their business under their scope of accountability contribute to the overall UK result. Their performance will be measured against their creation and implementation of their annual diversity and inclusion plans.

Sadia Ricke, Chief Country Officer, UK said:

“As a Group, with 44% of managers being female, and 50% of the board of directors women, Societe Generale has a firm commitment to promoting a diverse workforce. We are keen to bring increasing gender diversity at a senior level in the UK and signing up to the Women in Finance Charter is a natural step for the bank towards achieving this goal. As well as building on our own initiatives, it is important that we work together as an industry promoting diversity in all of its forms to ensure financial services continues to be a key sector for attracting and nurturing diverse talents, and this is also something we will work towards.”

Press contact:

London, Murray Parker +44 (0)20 7676 6771, murray.parker@socgen.com @SG_presse