Company Directory - Société Générale
Company Details - Société Générale
Société Générale
WebsiteParis, France
ISIN: FR0000130809
Société Générale is a French multinational investment bank and financial services company offering a wide range of banking services including retail banking, corporate and investment banking, asset management, and other financial services across the globe.
CCI Score
CCI Score: Société Générale
4.66
Latest Event
Worker Strike at Société Générale Over Failed Salary Negotiations
On March 25, 2025, following the unsuccessful annual salary negotiations and the rejection of a proposed 1500-euro bonus, trade unions called for a strike at Société Générale. Employees protested deteriorating working conditions and an inadequate remuneration policy, a situation exacerbated by successive restructuring plans.
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OBJECTOR
Société Générale is currently rated as an Objector.
Latest Events
- MAR252025
On March 25, 2025, following the unsuccessful annual salary negotiations and the rejection of a proposed 1500-euro bonus, trade unions called for a strike at Société Générale. Employees protested deteriorating working conditions and an inadequate remuneration policy, a situation exacerbated by successive restructuring plans.
-50
Labor Relations and Human Rights Practices
March 28
The strike was triggered by the company's failure to provide a fair wage increase and bonus during mandatory annual negotiations, highlighting a neglect of worker rights and fair labor practices. This reflects poorly on the company's ethical responsibility towards its employees, contributing to a negative impact on labor relations and human rights practices.
- JUN272023
On June 27, 2023, Société Générale signed a worldwide employee rights agreement with UNI Global Union. The accord reinforces trade union rights and establishes a formal stakeholder mechanism in the bank’s Duty of Care plan, while introducing new social guarantees such as extended maternity and paternity leaves, death benefits, and provisions for responsible digital work practices.
+80
Labor Relations and Human Rights Practices
March 28
The new global agreement significantly strengthens labor relations by formalizing employee rights, trade union participation, and proactive feedback on HR policies. This progressive move enhances worker protections and sets a benchmark in the finance industry for upholding human rights and fair labor practices.
UNI signs a new global agreement with Societe Generale strengthening Group employees’ rights
- JUN272023
Société Générale signed a new worldwide employee rights agreement with UNI Global Union, reinforcing protections including extended maternity and paternity leaves, modernized trade union rights, and mechanisms for employee input on HR policies for its 117,000 employees across 66 countries.
+90
Labor Relations and Human Rights Practices
March 28
The global agreement significantly enhances labor rights by establishing robust protections and progressive benefits for employees. Its emphasis on union engagement, social dialogue, and protections for marginalized workers aligns with anti-authoritarian, progressive labor values.
- APR192023
Société Générale was condemned by the Paris Court of Appeal for discriminating against a union representative, resulting in a €600,000 penalty. The decision comes after an appeal by a former employee who represented labor unions, highlighting persistent issues in the bank’s treatment of union advocates.
-80
Labor Relations and Human Rights Practices
March 28
The bank’s conviction for discriminating against a union representative underscores a blatant disregard for labor rights and fair treatment of employees. Such a ruling, carrying a substantial financial penalty, evidences a failure in upholding ethical labor practices and protecting worker interests, aligning with concerns over authoritarian tendencies in corporate behavior.
Société Générale condamnée en appel pour discrimination syndicale
- APR192023
An employee, Jean-Pierre Lamonnier, was found to have been discriminated against due to his union activity. Promotion was conditioned on renouncing union involvement, leading to a court decision on April 19, 2023, ordering the bank to pay nearly €600,000 in damages.
-75
Labor Relations and Human Rights Practices
March 28
The case reveals systemic discrimination against union membership, directly contravening labor rights and fair employment practices. Conditioning promotions on the renunciation of union activities undermines workers' rights, reflecting harmful business practices that contribute to an authoritarian management culture.
A la Société générale, un cas emblématique de discrimination syndicale
- MAY012020
Société Générale has enhanced its Know Your Supplier (KYS) program, strengthening CSR risk management by extending rigorous supplier evaluations—covering international regulatory compliance, human rights, environmental, and social governance—to all critical suppliers since May 2020.
+40
Supply Chain Ethics
March 28
By expanding and strengthening its KYS checks, Société Générale is proactively managing its supply chain risks. The enhanced audits, which evaluate suppliers against international standards on money laundering, terrorism financing, corruption, and human rights, contribute to ethical sourcing and mitigate potential reputational and operational risks. This initiative supports a commitment against authoritarian practices by ensuring suppliers adhere to principles that protect marginalized groups and promote transparency.
- FEB042019
Société Générale renewed its global agreement with UNI Global Union at a ceremony in Paris, reinforcing its commitment to labor rights, safety, and anti-discrimination. The agreement, which applies across the entire group and involves 147,000 employees, includes improved dispute resolution, neutrality during union organizing, and clearer protections for worker rights.
+80
Labor Relations and Human Rights Practices
March 28
The renewed agreement enhances labor protections by clarifying rights to freedom of association, instituting robust dispute resolution mechanisms, and setting new anti-discrimination and workplace safety standards. This proactive approach strengthens social dialogue and worker rights, aligning with anti-authoritarian and progressive values.
Société Générale renews global agreement with UNI Global Union
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