Societe Generale

France
Banks, Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Societe Generale is an international bank and financial services company headquartered in La Defense, France. Societe Generale scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Societe Generale increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Societe Generale forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Societe Generale provides protections against political viewpoint discrimination, and the company has not publicly terminated business relationships due to religious beliefs. However, Societe Generale incorporates ESG into all of its business operations, is a member of the Glasgow Net Zero Alliance, and is cutting funding to oil, gas, and coal. Societe Generale has implemented unconscious bias training for employees and supported LGBTQ advocacy. For these reasons, Societe Generale receives a High Risk rating.

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