Non-financial ratings and reporting
The Group attaches great importance to its non-financial ratings and strives to obtain ratings that best reflect its CSR actions by ensuring the quality and transparency of the data provided.
Every year, Societe Generale’s CSR achievements are subject to extra-financial reporting, verified by statutory auditors. The Group’s CSR approach is also evaluated by extra-financial ratings agencies. These ratings help the bank to benchmark its efforts compared to its peers.
What are non-financial ratings?
The non-financial rating is an evaluation of the company based on criteria other than just financial performance: respect for the environment, social and societal values, governance, etc.
In 2020, our non-financial rating on economic, environmental and social measures was higher than the average for the banking sector, allowing Societe Generale to be in the first quartile of the rankings mentioned below:
*MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. Learn more about MSCI ESG ratings: https://www.msci.com/documents/1296102/15233886/MSCI-ESG-Ratings-Brochure-cbr-en.pdf/7fb1ae78-6825-63cd-5b84-f4a411171d34
**Report at November 2020. In September 2018, Sustainalytics launched a new ratings framework called the ESG Risk Ratings.
Note: Number of companies in each agency universe: MSCI - 213 banks; SAM - 253 banks; Sustainalytics- 968 banks; Vigeo Eiris - 4,881 companies; ISS ESG - 285 banks
A key player in sustainable development
Societe Generale is currently included in the main sustainability indices:
- DJSI (World et Europe)
- FTSE4Good (Global et Europe)
- Bloomberg Gender-Equality Index
- Refinitiv Diversity and Inclusion Index
- Euronext Vigeo (Europe et Eurozone)
- STOXX Global ESG Leaders indexes
- MSCI Low Carbon Leaders Index (World and Europe)
The Group is also present in a significant number of SRI (Socially Responsible Investment) funds.
A dedicated area for extra-financial analysts
Visit our publications and documents page for all the available documents relating to the commitments of Societe Generale group with regards to social, societal and environmental responsibility and sustainable development.
Every year, Societe Generale performs a quantitative evaluation of its CSR key performance indicators. The CSR and Sustainable Development department is responsible for collecting data in the following fields: governance, businesses, social, environment and sponsorship. More than 1,500 contributors take part in collecting this data every year using the Planethic Reporting system, established in each of the Group’s subsidiaries.
Download the Note on methodology