Société Générale Luxembourg : Regrouping Around a Sustainable Future
In the current environmental and social emergency, Société Générale seeks to regroup its client base of corporations, financial institutions, and high-net-worth individuals around the concept that sustainable development and competitiveness are not exclusive concepts while emphasizing that a better and sustainable future can be built through responsible and innovative financial solutions.
Can you present Societe Generale in a few words?
Societe Generale Luxembourg, the oldest foreign bank in Luxembourg (1893) and one of the largest and most successful in terms of results, is a multi-expertise banking group with subsidiaries in Switzerland and Monaco.
Capitalizing on the expertise and strength of Societe Generale Group, SG Luxembourg (Standard & Poor’s long-term rating A, stable outlook) meets the needs of its clients, both corporates, financial institutions and high net worth clients, in terms of private banking, securities services, market activities, commercial banking and cash management, structured financing for our corporate and financial clients, or structured investment product issues.
In addition to SG Luxembourg, the Societe Generale Group also operates a life insurance business through its subsidiary Sogelife (40% owned by SG Luxembourg), and as well as a car rental company ALD, which is not capitalistically linked to SG Luxembourg but is part of the Group’s activities in the Grand Duchy.
"Societe Generale is particularity responsible of its own footprint as a company, but also and above all through its banking activities when serving its clients with financings and investment solutions with a true positive, sustainable impact."
How are your clients’ needs evolving and how to you adapt?
Clients of SG Luxembourg are regrouping corporate and financial institution clients, as well as high net worth individuals. Even if their needs are naturally diverse, our clients are directly or indirectly looking for innovative, tailored solutions addressing specific needs, and more and more for solutions encompassing the environmental and social dimension – in particular innovative sustainable investment and financing solutions with a positive impact. Our mission as a bank is to support our clients in this transformation, in the most competitive way possible. Our corporate purpose: ”Building together, with our clients, a better and sustainable future through responsible and innovative financial solutions” means that economic development goes hand-in-hand with environmental and social progress.
We also are transforming ourselves toward digital workflows, toward the digital customer experience, always with the aim to have that customer-centric view.
What opportunities and risks do you see for Luxembourg and your group in the medium term?
The environmental and social emergency is there and businesses must make it a top priority in their strategy. Sustainable development and competitiveness are not exclusive concepts – on the contrary. Only companies or economies that are deeply committed to this transformation process will grow sustainably and be competitive in the long run.
This is what is done by Societe Generale, with the particularity of being responsible of course in terms of its own footprint as a company, but also and above all through its banking activities when serving its clients with financings and investment solutions with a true positive, sustainable impact.