Societe Generale adopts a charter for responsible advocacy with public authorities

Published on 18/06/2014

In the context of rapidly developing banking sector regulations, Societe Generale intends to contribute actively and transparently to the work of regulators and public authorities.

To this end, Societe Generale has adopted a charter that sets out the Group's key rules and principles governing advocacy with public authorities and representative institutions. This charter, which has been made public and is available on the Group's website, is consistent with the comprehensive framework of commitments made by Societe Generale in the area of Corporate Social Responsibility (CSR).
To be effective, a public decision must take into account all constraints incumbent on a sector and involve the relevant actors at each stage of the decision-making process. Thanks to its international scope and the diversity of its expertise, Societe Generale feels it can provide a useful vision of developments in the banking industry, and at the same time supplying the public authorities with crucial information on the potential impacts of planned regulations.
Societe Generale's charter has been drawn up in line with the recommendations of the non-governmental organisation, Transparency International, which acknowledges the increasing role of businesses in the development of public policy and, over the last few years, has been leading an effort aimed at fostering a framework for dialogue among the stakeholders of these decisions.
To complement its effort, Societe Generale has also signed the Transparency International Joint Declaration and added its name to the transparency register of the French National Assembly and the Senate.
Societe Generale is already listed in the EU Transparency Register.