Société Générale S.A. — Ethics Grade C-

Société Générale S.A. receives an overall ethics grade of C- (42/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 55
• privacy: 50
• consumer: 35
• environment: 45
• humanRights: 60

Documented incidents (3)

• Libor and Libyan Bribery (high, 2018) — Paid nearly $1.3 billion to settle charges related to manipulating Libor rates and bribing officials in Libya to win investment business.
• Anti-money Laundering Failures (medium, 2020) — Fined by French regulators for failures in their internal controls for preventing money laundering and terrorism financing.
• Financing Fracking (medium, 2021) — Identified as a major financier of shale gas and oil expansion projects, contradicting its stated climate goals.

Documented good deeds

• Coal Exit Acceleration — Committed to ending all financing for thermally coal-linked companies by 2030 in EU/OECD.

Ethical alternatives

• La Banque Postale — Public interest mission and lead in sustainable banking in France.