SUSTAINABLE AND RESPONSIBLE BANKING

March 2022

A STRATEGIC SUSTAINABILITY AMBITION ACTIONING THE GROUP'S CORPORATE PURPOSE

OUR PURPOSE:

"BUILDING

TOGETHER, WITH OUR CLIENTS, A BETTER AND SUSTAINABLE FUTURE THROUGH RESPONSIBLE AND INNOVATIVE FINANCIAL SOLUTIONS"

OUR SUSTAINABILITY AMBITION:

ENVIRONMENTAL TRANSITION

POSITIVE IMPACT ON LOCAL COMMUNITIES

CULTURE OF RESPONSIBILITY

RESPONSIBLE EMPLOYER

DEEPENED COMMITMENTS;

SUPPORTING CLIENTS

SUPPORTING CORPORATES AND ENTREPRENEURS;

SUSTAINABLE CITIES AND INFRASTRUCTURE;

SUSTAINABLE MOBILITY

CSR IN THE GROUP'S GOVERNANCE;

E&S GENERAL PRINCIPLES AND SECTOR POLICIES:

STAKEHOLDER ENGAGEMENT

DIVERSITY AND INCLUSION IN THE WORKPLACE;

FOSTERING EMPLOYABILITY; QUALITY OF LIFE AT WORK

MARCH 2022│ 2

2021 HIGHLIGHTS DELIVERING OUR SUSTAINABILITY AMBITION (1/2)

DRIVERS OF POSITIVE TRANSFORMATIONS:

ENVIRONMENTAL TRANSITION

FOUNDING MEMBER OF NZBA

  • Aligning banking portfolios with macroeconomic scenarios aiming at carbon neutrality by 2050
  • Marginal residual exposure to thermal coal securing full exit by 2030/2040(1)
  • On track to meet -10% target in oil and gas extraction sector by 2025 Full exit by 2023 of US onshore Reserve Based Lending (limited remaining exposure, ~USD 500m, ~ -60% vs. 2019)

SUPPORTING CLIENTS

  • > EUR 150bn to support the energy transition, exceeding the EUR 120bn target (2019-2023), 2 years ahead of schedule
  • .Co-leadSteel Climate-Aligned Finance working group

REDUCING OWN CARBON FOOTPRINT

  • New commitment to reduce own carbon footprint by 50% 2019-30:-35% at end-2021
  • 8th annual Internal Environmental Efficiency Awards redeploying internal carbon tax to reward initiatives launched by staff
    1. 2030 in EU and OECD countries, 2040 elsewhere

POSITIVE IMPACT ON LOCAL

COMMUNITIES

ACCELERATING IN FRENCH RETAIL NETWORKS

  • Launch of E&S loan offer
  • First bank in France to offer 100% SRI open architecture savings range
  • Dedicated range of financing and advisory solutions incl. impact loans and carbon footprint tools for SMEs and entrepreneurs, launched January 2022

SUSTAINABLE MOBILITY

  • Proposed acquisition of LeasePlan by ALD: a step change towards creating a leading player of sustainable mobility solutions, leading a fair transition towards electric vehicles for both corporates and individuals

SUSTAINABLE CITIES AND INFRASTRUCTURE

  • Exceeded target to increase financial commitments for structured finance in Africa by 20% 2018-21: +43% at end-2021 (EUR 12.1bn)
  • Supporting African SMEs with 9 SME Centres now open in Africa
  • Joined the Sustainable Building Observatory to participate in the sustainable transformation of the real estate sector

MARCH 2022│ 3

2021 HIGHLIGHTS DELIVERING OUR SUSTAINABILITY AMBITION (2/2)

RESPONSIBLE BANK FRAMEWORK:

CULTURE OF RESPONSIBILITY

CSR IN GROUP GOVERNANCE

  • Appointment of a Non-Voting Director, supporting the Board on the energy transition
  • Appointment of Chief Sustainability Officer, Hacina Py, reporting directly to General Management
  • Strategic operational and data programmes to support ESG transformation
  • Investment in ESG training incl. 40 000 trained on E&S risk, 10 000 on energy transition in 2021, ESG portal for all staff

E&S GENERAL PRINCIPLES AND

SECTOR POLICIES

RESPONSIBLE EMPLOYER

DIVERSITY AND INCLUSION

  • Pursuing the Group's 30% 2023 target: % women in General Management increased to 33%, in Key Group Positions to 25% (vs 21% in 2020)
  • 5 new charters signed supporting gender diversity, LGBT+ and new parenthood

LIFE AT WORK

  • Major reskilling programme and no compulsory departures as part of French retail networks restructuring
  • Deployment of new agreement on telework
  • Updated E&S General Principles to better reflect the Group's human rights, climate and biodiversity commitments
  • Reviewed all E&S policies to enhance understanding of E&S issues and exclusion criteria
  • Integration of E&S risks into risk management framework, incl. E&S risk integration in the standard credit risk assessment, Group Risk Appetite Framework, and Stress Testing

LAUNCH OF THE SG FOUNDATION "THE FUTURE IS YOU"

  • Intensify commitment to classical music, solidarity and young people
  • Annual budget of EUR 7m, mainly in France and Africa
  • Employees can engage through skills sponsorship, mentoring and solidarity actions

MARCH 2022│ 4

POSITIVE IMPACT BY DESIGN

TRANSFORMING OUR BUSINESS TO ALIGN WITH THE CHANGING NEEDS OF OUR CLIENTS AND SUPPORT THE JOURNEY TO A SUSTAINABLE FUTURE

BY CONTRIBUTING TO NEW STANDARDS FOR OVER 15 YEARS

co-founder of major industry initiatives, driving sustainable change and enhancing client value proposition

BY ACTING FOR COMMUNITIES ACROSS GEOGRAPHIES

a catalyst for positive societal and economic impact in emerging and developed economies, co-constructing sustainable solutions with clients

HELPING CLIENTS TO

GENERATE

POSITIVE IMPACT

BY LEADING

THE ENERGY TRANSITION

a global presence with extensive experience and expertise in the energy sector: positions the group in a key role to support clients in the energy transition

BY DELIVERING

INNOVATION IN ESG MARKETS

at the forefront of innovation, expanding sustainable solutions across products and asset classes, with one of the broadest offerings in the market

MARCH 2022│ 5

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Société Générale SA published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 08:17:11 UTC.