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Select an assessment year:

  • Overall approach
    10/16
    • Overarching commitment on deforestation
      10/14
      Deforestation commitment
      Zero net deforestation
      10/14
      "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."
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    31/64
    • Beef & Leather
      12/64
      • Commitment Strength
        12/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            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
          0/5.6
          • 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 protect priority forests or globally important landscapes
          3.4/9.6
          • Commitment details
            Globally important - Encouraged
            2/8
            Commitment details
            Globally important - Encouraged
            2/8
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • 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 the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
        • Assurance mechanism to ensure compliance
          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
          5.7/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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; None
            0.5/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers; None
            0.5/0.4
            "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."
        • Commitments must be timebound
          3.4/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • 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 the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
      • Social Considerations
        0/22
        • 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
        • Company must respect labour rights
          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
        • 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
    • Palm oil
      41/64
      • Commitment Strength
        35/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "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 of the corporate and investment bank active in a significant way in the upstream palm oil sector in markets at high risk of tropical deforestation can verify by 2020 that their operations are consistent with zero net deforestation. [...] 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."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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 Palm Oil upstream and downstream chain."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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 of the corporate and investment bank active in a significant way in the upstream palm oil sector in markets at high risk of tropical deforestation can verify by 2020 that their operations are consistent with zero net deforestation. [...] 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."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            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 of the corporate and investment bank active in a significant way in the upstream palm oil sector in markets at high risk of tropical deforestation can verify by 2020 that their operations are consistent with zero net deforestation. [...] 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."
          • 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 of the corporate and investment bank active in a significant way in the upstream palm oil sector in markets at high risk of tropical deforestation can verify by 2020 that their operations are consistent with zero net deforestation. [...] 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 be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "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 operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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 Palm Oil upstream and downstream chain."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 protect priority forests or globally important landscapes
          7.4/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            “When conducting an E&S assessment of a transaction5 in this sector, Societe Generale has the following requirements: For new transactions related to plantations: [...] 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 .” "When conducting an E&S assessment of a transaction5 • When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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 Palm Oil upstream and downstream chain." "This Cross-sectorial Policy applies to all the banking and financial services provided by the Societe Generale Group entities to its clients."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            “When conducting an E&S assessment of a transaction5 in this sector, Societe Generale has the following requirements: For new transactions related to plantations: [...] 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 .” "When conducting an E&S assessment of a transaction5 • When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            “When conducting an E&S assessment of a transaction5 in this sector, Societe Generale has the following requirements: For new transactions related to plantations: [...] 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 .” "When conducting an E&S assessment of a transaction5 • When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • 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 transaction5 in this sector, Societe Generale has the following requirements: For new transactions related to plantations: [...] 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 .” "When conducting an E&S assessment of a transaction5 • When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Verification method: Certification Scheme

            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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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 Palm Oil upstream and downstream chain."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 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" "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 have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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."
        • Commitments must be timebound
          3.6/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Companies set own deadline but must be timebound; Compliance is prerequisite for financing
            "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."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "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."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "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."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "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."
          • 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
            "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."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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 Palm Oil upstream and downstream chain."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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.
        • Company must respect labour rights
          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
        • 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
    • Soy
      35/64
      • Commitment Strength
        35/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "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".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "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".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "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".
          • 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
            "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 be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "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 operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity". "When evaluating clients’ activity and/or transactions in this sector, particular attention is paid to the following aspects [...] Deforestation and conversion of natural ecosystems and habitats into agricultural land"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "This Cross-sectorial Policy applies to all the banking and financial services provided by the Societe Generale Group entities to its clients."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity". "When evaluating clients’ activity and/or transactions in this sector, particular attention is paid to the following aspects [...] Deforestation and conversion of natural ecosystems and habitats into agricultural land"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity". "When evaluating clients’ activity and/or transactions in this sector, particular attention is paid to the following aspects [...] Deforestation and conversion of natural ecosystems and habitats into agricultural land"
          • 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
            "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity". "When evaluating clients’ activity and/or transactions in this sector, particular attention is paid to the following aspects [...] Deforestation and conversion of natural ecosystems and habitats into agricultural land"
        • Assurance mechanism to ensure compliance
          3.6/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Certification scheme (if applicable): RTRS

            Verification method: Certification Scheme
            "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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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."
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: FI has specific deadline for all companies to comply
            "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".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "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".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "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".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "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".
          • 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 the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity". "When evaluating clients’ activity and/or transactions in this sector, particular attention is paid to the following aspects [...] Deforestation and conversion of natural ecosystems and habitats into agricultural land"
      • Social Considerations
        0/22
        • 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
        • Company must respect labour rights
          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
        • 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
    • Timber, Pulp & Paper
      37/64
      • Commitment Strength
        37/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 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." "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 be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "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 operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 protect priority forests or globally important landscapes
          7.4/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "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". "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "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". "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "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". "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "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". "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
          • 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
            "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". "When the activities associated with the transaction are located within, or with potential material impacts on nationally legally protected areas , Societe Generale has the following requirements: 6 , Internationally protected areas7 , or other Key Biodiversity Areas8 o A third-party assessment of the potential impacts on biodiversity and related ecosystem services has been carried out; : o The assessment has demonstrated that:  the client is implementing a mitigation strategy which prioritises efforts to prevent or avoid adverse impacts to biodiversity, then to minimise and reduce those effects, to [...] repair or restore them, and finally to offset or compensate them, with a view to achieving no net loss of biodiversity".
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): FSC

            Verification method: Certification Scheme
            "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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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 have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            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
            0.4/0.4
            Policy applies to all operations and financing
            All
            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
            0.4/0.4
            Policy applies to all deals
            All
            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
            0.4/0.4
            Policy applies to all companies
            All
            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."
        • Commitments must be timebound
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Compliance is prerequisite for financing
            "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.""
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "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.""
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "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.""
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "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.""
          • 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
            "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.""
      • Social Considerations
        0/22
        • 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
        • Company must respect labour rights
          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
        • 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
  • Reporting & Implementation
    8/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      "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".
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - 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.".
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    30/42
    Avg. score
  • Social considerations
    1/22
    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 20 lenders to Forest 500 companies, with loans amounting to more than 20 billion USD across a broad range of forest risk sectors.

HQ
HQ 
France
Financial institution type
Financial institution type 
Asset management, 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.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.