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  • Overall approach
    6/10
    • Overarching commitment on deforestation
      4/6
      Deforestation-free commitment
      4/6
      "Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
    • Deforestation as a business risk
      2/2
      Yes
      2/2
      How is awareness shown?: Signatory to the BEIs Soft Commodity Compact or another finance sector initiative on deforestation
      "Societe Generale adopted in 2015 the Banking Environment Initiative’s Soft Commodities Compact with the Consumer Group’s Forum, which objective is to align the banking industry’s services with the ambition to help achieve zero net deforestation by 2020."
    • Target to reduce emissions in scope 1/2
      No
      0/0
      "As part of its 2014-2020 carbon reduction programme, Societe Generale has undertaken to cut its greenhouse gas emissions by 25% per occupant and to improve the energy consumption per occupant of the Group’s buildings by 20% by 2020 as compared to 2014 levels. These commitments have been achieved in 2019. The Group also manages its indirect impacts – the impact associated with its financing activities - by implementing its E&S policies and aligning its portfolios with the goals of the Paris Agreement."https://www.societegenerale.com/sites/default/files/documents/2020-12/societe-generale-climate-disclosure-report.pdf
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    34/90
    • Beef & Leather
      8/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
             "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
          Reporting on implementation of the policy
          No
          0/6
          Proportion of $/portfolio: Did not score for 2.1 
        • Ethical product in portfolio
          No
    • Palm oil
      49/90
      • Commitment Strength
        26/31
        • Commodity-specific deforestation financing policy
          7/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
        • Companies must monitor operations
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RSPO
            "Clients are encouraged to implement the best E&S practices of the sector. When conducting a corporate E&S assessment in this sector, Societe Generale applies the following criteria: Clients with upstream palm oil production units are expected to be or become members of RSPO"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Clients are encouraged to implement the best E&S practices of the sector. When conducting a corporate E&S assessment in this sector, Societe Generale applies the following criteria: Clients with upstream palm oil production units are expected to be or become members of RSPO"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Clients are encouraged to implement the best E&S practices of the sector. When conducting a corporate E&S assessment in this sector, Societe Generale applies the following criteria: Clients with upstream palm oil production units are expected to be or become members of RSPO"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Clients are encouraged to implement the best E&S practices of the sector. When conducting a corporate E&S assessment in this sector, Societe Generale applies the following criteria: Clients with upstream palm oil production units are expected to be or become members of RSPO"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Clients are encouraged to implement the best E&S practices of the sector. When conducting a corporate E&S assessment in this sector, Societe Generale applies the following criteria: Clients with upstream palm oil production units are expected to be or become members of RSPO"
        • Companies must conduct risk assessments
          5/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
        • Companies must specify a cut-off date
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            What cut-off date is specified?: 2005

            Is it set by the financial institution?: Yes
            "When conducting an E&S assessment of a transaction in this sector, Societe Generale has the following requirements:  For new transactions related to plantations:[...] Plantations have not been created by replacement, since November 2005 , of primary forest or any area required to maintain or enhance one or more High Conservation Values"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "When conducting an E&S assessment of a transaction in this sector, Societe Generale has the following requirements:  For new transactions related to plantations:[...] Plantations have not been created by replacement, since November 2005 , of primary forest or any area required to maintain or enhance one or more High Conservation Values"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "When conducting an E&S assessment of a transaction in this sector, Societe Generale has the following requirements:  For new transactions related to plantations:[...] Plantations have not been created by replacement, since November 2005 , of primary forest or any area required to maintain or enhance one or more High Conservation Values"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "When conducting an E&S assessment of a transaction in this sector, Societe Generale has the following requirements:  For new transactions related to plantations:[...] Plantations have not been created by replacement, since November 2005 , of primary forest or any area required to maintain or enhance one or more High Conservation Values"
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "When conducting an E&S assessment of a transaction in this sector, Societe Generale has the following requirements:  For new transactions related to plantations:[...] Plantations have not been created by replacement, since November 2005 , of primary forest or any area required to maintain or enhance one or more High Conservation Values"
      • Social Considerations
        13/27
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Societe Generale applies the Equator Principles and its underlying standards to the transactions falling in the scope of this initiative." These principles address FPIC. 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Societe Generale applies the Equator Principles and its underlying standards to the transactions falling in the scope of this initiative." These principles address FPIC. 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Societe Generale applies the Equator Principles and its underlying standards to the transactions falling in the scope of this initiative." These principles address FPIC. 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Societe Generale applies the Equator Principles and its underlying standards to the transactions falling in the scope of this initiative." These principles address FPIC. 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Societe Generale applies the Equator Principles and its underlying standards to the transactions falling in the scope of this initiative." These principles address FPIC. 
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        11/31
        • Commitments must be timebound
          Encouraged
          2.5/5
          Commitments must be timebound
          Encouraged
          2.5/5
          "When conducting an E&S assessment of a transaction5 in this sector, Societe Generale has the following requirements:  For new transactions related to plantations: o Plantations are RSPO certified, or engaged in a time-bound process with a view to obtaining certification or independent verification of the RSPO principles and criteria6 . Societe Generale recognises however that RSPO implementation is still in its early development in some regions. By exception in such cases, Societe Generale will conduct an appropriate due diligence based on the RSPO principles and make a balanced judgement considering country-specific needs and standards. o Plantations have not been created by replacement, since November 20057 , of primary forest or any area required to maintain or enhance one or more High Conservation Values8." "Clients with downstream operations are encouraged to put in place purchasing policies to mirror the above requirement for their upstream suppliers, with a view to progressively increase the volume and proportion of RSPO certified palm oil entering their supply chain."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "Procedures will be put in place progressively, as necessary, throughout the Bank to ensure full integration of these requirements in the usual decision processes. Review mechanisms will allow for continuous improvement. Societe Generale reserves the right to modify this Sector Policy at any time. This document cannot be interpreted as a contractual commitment".
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
           "Moreover, when conducting an E&S assessment of a transaction7 in this sector, Societe Generale has the following requirements:  Evidence of compliance with the below points8 confirmed by independent third party review for the transactions in the Upstream Sector where operations are not yet certified under a sustainability scheme, and not located in a High income OECD country, o Operations respect local communities’ traditional or customary rights; o They do not affect High Conservation Values9 zones; o Plantations have not been created by replacement, since November 200510, of primary forest or any area of High Conservation Value. Transactions in the Downstream Sector provide similar information for their supply sources.".
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "All Societe Generale clients operating in the palm oil industry, whether as producers, processors or traders, integrate RSPO certification of their plantations or activities in their strategy to combat deforestation in HCV/HCS areas. Their strategy generally includes a No Deforestation No Peat No Exploitation policy, supply chain traceability systems and supplier engagement programs. Almost all the clients have also defined target dates to certify their own facilities or to achieve 100% RSPO-certified sourced products. However, most report difficulties to meet their initial target due to various factors including the need to implement preliminary projects to trace palm oil from mills, delays in the certification processes and the lack of market demand for certified palm oil. Societe Generale intends to continue following up on progress of its clients, especially those that would show the least maturity in adopting responsible practices in the production or trade of palm oil and palm products."
        • Ethical product in portfolio
          No
    • Soy
      39/90
      • Commitment Strength
        19/31
        • Commodity-specific deforestation financing policy
          7/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "Societe Generale requests them to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "This Sector Policy applies to all the banking and financial services provided by the Societe Generale Group entities to its clients involved in the Agriculture and Food value chain."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Societe Generale requests them to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
             "Societe Generale requests them to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Societe Generale requests them to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply the Bank’s E&S standards."
        • Companies must monitor operations
          3.6/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): RTRS
            "Clients active in the upstream food production sector are encouraged to join a credible3 international voluntary certification scheme (if one covering their activities can be identified); For palm oil and soy production, the Soft Commodities Compact recognizes respectively RSPO and RTRS4 as adequate certification schemes to achieve its objective"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "This Sector Policy applies to all the banking and financial services provided by the Societe Generale Group entities to its clients involved in the Agriculture and Food value chain."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Clients active in the upstream food production sector are encouraged to join a credible3 international voluntary certification scheme (if one covering their activities can be identified); For palm oil and soy production, the Soft Commodities Compact recognizes respectively RSPO and RTRS4 as adequate certification schemes to achieve its objective"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Clients active in the upstream food production sector are encouraged to join a credible3 international voluntary certification scheme (if one covering their activities can be identified); For palm oil and soy production, the Soft Commodities Compact recognizes respectively RSPO and RTRS4 as adequate certification schemes to achieve its objective"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Clients active in the upstream food production sector are encouraged to join a credible3 international voluntary certification scheme (if one covering their activities can be identified); For palm oil and soy production, the Soft Commodities Compact recognizes respectively RSPO and RTRS4 as adequate certification schemes to achieve its objective" "Clients with downstream operations are encouraged to put in place purchasing policies to mirror the above requirements for their upstream suppliers"
        • Companies must conduct risk assessments
          5/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
             "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        13/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          "Clients of the corporate and investment bank active in a significant way in the upstream palm oil5 and soy sectors in markets at high risk of tropical deforestation can verify by 2020 that their operations are consistent with zero net deforestation".
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "Procedures will be put in place progressively, as necessary, throughout the Bank to ensure full integration of these requirements in the usual decision processes. Review mechanisms will allow for continuous improvement. Societe Generale reserves the right to modify this Sector Policy at any time. This document cannot be interpreted as a contractual commitment".
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Moreover, when conducting an E&S assessment of a transaction7 in this sector, Societe Generale has the following requirements:  Evidence of compliance with the below points8 confirmed by independent third party review for the transactions in the Upstream Sector where operations are not yet certified under a sustainability scheme, and not located in a High income OECD country, o Operations respect local communities’ traditional or customary rights; o They do not affect High Conservation Values9 zones; o Plantations have not been created by replacement, since November 200510, of primary forest or any area of High Conservation Value. Transactions in the Downstream Sector provide similar information for their supply sources.".
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "A majority of Societe Generale clients operating in soy, whether as producers, processors or traders, integrate RTRS, ISCC or other recognized certification scheme of their plantations or activities in their strategy to combat deforestation in HCV/HCS areas. Most of them have specific Responsible Soy policies which include supply chain traceability systems and supplier engagement programs. A number of them have also joined common initiatives to tackle deforestation in areas with the strongest impacts on biodiversity. These initiatives have so far proved effective in combating deforestation in these most vulnerable areas and should be extended to or duplicated in other highly sensitive areas. However, only a limited part of the clients with RTRS membership report on the extent to which soy produced or sold is certified and none of them have committed to a target date to only source certified products." Status of relevant CIB clients operating in soy: - Target date to be 100% certified: No set up - Disclosed certified volumes: Approx. 10% - Member of initiatives and working group on deforestation: approx 50% - No deforestation / stratetegy / commitments: approx 60%" Also report on Bank's exposure. Takeaway: Societe Generale’s exposure is concentrated on players that are in the right track in terms of no-deforestation policies and practices in their soy product activities. Yet, focus should be maintained on engaging with client to reach a commitment to achieve 100% “deforestation and conversion free” soy supply chains. The results need to be considered in a context of low penetration of certification schemes for this commodity."
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      41/90
      • Commitment Strength
        21/31
        • Commodity-specific deforestation financing policy
          7/9.6
          • Commitment details
            Zero-gross deforestation
            6/8
            Commitment details
            Zero-gross deforestation
            6/8
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "Societe Generale CIB assesses, and monitors clients significantly involved in the palm oil, soy and timber upstream and midstream sectors, in areas with high risk of deforestation or strong impact on biodiversity. These clients are mostly integrated players, having production, processing facilities, trading and/or transport activities on a set of commodities, generally beyond palm oil, soy and timber. [...] Client and transaction alignment with the Bank’s E&S standards. More specifically are considered: ... Client commitment to Zero Net Deforestation, including Zero deforestation commitment, a “No Deforestation, No Peat and No Exploitation” policy (NDPE) or an action plan to eliminate deforestation together with a No protected area, no High Conservation Value (HCV), High Carbon Stock (HCS) and no Peat policy."
        • Companies must be legally operated
          3.1/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply Bank’s E&S standards."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply Bank’s E&S standards."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply Bank’s E&S standards."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply Bank’s E&S standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "At a minimum, Societe Generale requests its clients to comply with the E&S laws and regulations of each relevant country, while encouraging them to apply Bank’s E&S standards."
        • Companies must monitor operations
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): FSC
             "Clients active in the Upstream Sector must undergo independent third party Verification of Legal Compliance4 for their operations outside High Income OECD countries and the European Union. They are also expected to be engaged in a sustainability certification scheme5 for their operations." "FSC and PEFC certifications are acceptable to Societe Generale."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Clients active in the Upstream Sector must undergo independent third party Verification of Legal Compliance4 for their operations outside High Income OECD countries and the European Union. They are also expected to be engaged in a sustainability certification scheme5 for their operations." "FSC and PEFC certifications are acceptable to Societe Generale."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Clients active in the Upstream Sector must undergo independent third party Verification of Legal Compliance4 for their operations outside High Income OECD countries and the European Union. They are also expected to be engaged in a sustainability certification scheme5 for their operations." "FSC and PEFC certifications are acceptable to Societe Generale."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Clients active in the Upstream Sector must undergo independent third party Verification of Legal Compliance4 for their operations outside High Income OECD countries and the European Union. They are also expected to be engaged in a sustainability certification scheme5 for their operations." "FSC and PEFC certifications are acceptable to Societe Generale."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Clients active in the Upstream Sector must undergo independent third party Verification of Legal Compliance4 for their operations outside High Income OECD countries and the European Union. They are also expected to be engaged in a sustainability certification scheme5 for their operations." "FSC and PEFC certifications are acceptable to Societe Generale." "Clients active in the Downstream Sector are also encouraged to get their operations certified. For them, this means getting a Chain of Custody certification and giving preference to certified products sourcing where possible. In addition, clients active in timber trade, or buying timber, as well as in pulp and paper sector, are expected to check legal compliance of their supply".
        • Companies must conduct risk assessments
          5/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            The assessments have shown that most of CIB clients involved in the targeted commodities are gradually integrating practices which are shared as market standards:... Enforcement of policies, using (i) mechanisms to contractually encourage their suppliers to apply responsible agricultural practices, without resorting to deforestation of HCV/HCS areas; (ii) codes of conduct specific to suppliers to which they are required to adhere; (iii) supplier engagement and sustainability programs; (iv) audit and verification systems on the field; ..."
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        8/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
             "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Evaluation, Remediation, Disclosure: under EP, the client is required to conduct an E&S assessment of the project (category A and category B), develop an Action Plan demonstrating how adverse impacts and risks are mitigated and monitored, discloses information and consults with project affected communities, and establishes a grievance mechanism, as appropriate."
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of Association
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            [Translation]"E&S issues encompass a wide range of concepts, which can be understood and understood differently in different cultures. For this reason, the Group relies on regulations national laws and the main international conventions on human rights and the environment for define the risks to be taken into account... The Universal Declaration of Human Rights (1948) and the fundamental the International Labor Organization are the Group's reference documents with regard to concerns social risks and human rights risks: - Forced labor and slavery - Child labor - Respect for indigenous populations and their cultural heritage ... - Discrimination - Freedom of association ..." Scope: "THE GENERAL E&S PRINCIPLES APPLY: - to all countries in which the Group's activities are likely to have an impact considered substantial on human rights or the environment. - to all consolidated companies over which the Group exercises exclusive control. Those Principles apply to all of the Group's services and products, including, but not limited to, financial and banking services, in particular business loans and dedicated financing, investment activities and asset management.
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        13/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          "Moreover, when conducting an E&S assessment of a transaction7 in this sector, Societe Generale has the following requirements:  Evidence of compliance with the below points8 confirmed by independent third party review for the transactions in the Upstream Sector where operations are not yet certified under a sustainability scheme, and not located in a High income OECD country, o Operations respect local communities’ traditional or customary rights; o They do not affect High Conservation Values9 zones; o Plantations have not been created by replacement, since November 200510, of primary forest or any area of High Conservation Value." "Transactions in the Downstream Sector provide similar information for their supply sources.""Clients active in the Upstream Sector must undergo independent third party Verification of Legal Compliance4 for their operations outside High Income OECD countries and the European Union. They are also expected to be engaged in a sustainability certification scheme5 for their operations." "FSC and PEFC certifications are acceptable to Societe Generale."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "Procedures will be put in place progressively, as necessary, throughout the Bank to ensure full integration of these requirements in the usual decision processes. Review mechanisms will allow for continuous improvement. Societe Generale reserves the right to modify this Sector Policy at any time. This document cannot be interpreted as a contractual commitment".
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Moreover, when conducting an E&S assessment of a transaction7 in this sector, Societe Generale has the following requirements:  Evidence of compliance with the below points8 confirmed by independent third party review for the transactions in the Upstream Sector where operations are not yet certified under a sustainability scheme, and not located in a High income OECD country, o Operations respect local communities’ traditional or customary rights; o They do not affect High Conservation Values9 zones; o Plantations have not been created by replacement, since November 200510, of primary forest or any area of High Conservation Value. Transactions in the Downstream Sector provide similar information for their supply sources.".
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "Most of Societe Generale clients in the forestry sector are not operating in areas with high risk of deforestation. All relevant Societe Generale clients with operations in high risk of deforestation countries have a no deforestation strategy but 2/3 of them are either FSC or PEFC certified or supported by Proforest in their HCV/HCS assessment of plantations. Societe Generale intends to continue following up the progress made by its clients on sustainability and deforestation-free value chains." Document includes infographics with number of companies and exposure of bank to commodity. "Takeaway: Societe Generale’s exposure is concentrated on players that are in the right track in terms of no-deforestation policies and practices in their timber product activities. Yet, focus should be maintained on engaging with clients to reach a commitment to achieve 100% “deforestation and conversion free” timber supply chains. The results need to be considered in a context of low penetration of certification schemes for this commodity."
        • Ethical product in portfolio
          No
  • Commitment strength
    16/31
    Avg. score
  • Reporting and Implementation
    9/31
    Avg. score
  • Social considerations
    9/28
    Avg. score

Profile

Societe Generale are a banking group headquartered in France that serves private, corporate and institutional clients. Their services span corporate finance, capital markets, insurance, wealth management, investments, securities and retail banking services. As of 2017, Societe Generale's total assets amount to more than 1.3 trillion EUR, with more than 410 billion EUR worth of loans. Societe Generale are among the top lenders to Forest 500 companies, with loans across a broad range of forest risk sectors.

HQ
HQ 
France
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

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