Extra-financial ratings and reporting

Responsible Finance

An extra-financial rating agency evaluates the Environmental, Social and Governance (ESG) policy of economic actors. 

As a guarantee of the reliability and transparency of its CSR ambition and achievements, Societe Generale strives to obtain the best possible ratings from the extra-financial agencies to which the Group responds.

They enable us to benchmark our peers and help our stakeholders in their decision-making.
 

What are extra-financial ratings?

The extra-financial rating is an evaluation of the company based on criteria beyond pure financial performance: respect for the environment, social and societal values, governance, etc.

In 2022, Societe Generale continued to strengthen these ratings, demonstrating a leading position on the ESG dimensions:

*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.
**2020 rating for 3 years.
***Upgrade in February 2022. With a  score from 0 to 100 (lower the better).

Note: Number of companies in each agency universe: MSCI - 191 banks; S&P Global CSA – 736 banks; Sustainalytics- 415 banks; Moody's ESG - 4,882 companies; ISS ESG - 285 banks.

Société Générale’s environmental, social and governance (ESG) practices have been rated ‘strong’ by credit rating agency S&P Global Ratings.

Our score of 79 is one of the highest among those disclosed. The solicited rating offers a long-term opinion reflecting a company’s opportunity-oriented approach to navigate long-term risks and opportunities. S&P Global Ratings in this report commented: “Société Générale is committed to developing innovative solutions to help clients transition toward the low carbon economy, bearing in mind that clients in emerging markets may be slower to adapt to the energy transition. Furthermore, we recognize SG's foresight to anticipate emerging trends including digital banking, renewable financing, and (unique to the bank) its vehicle leasing business anticipating changes in vehicle usage behaviours”.
 

A key player in sustainable development

Societe Generale is currently included in the main sustainability indices:

  • DJSI (Europe)
  • FTSE4Good (Global and Europe)
  • Bloomberg Gender Equality Index
  • Refinitiv Diversity and Inclusion Index
  • Euronext Vigeo (Europe and Eurozone)
  • STOXX Global ESG Leaders indices
  • 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.
 

Reporting methodology

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

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