As part of its ‘World Solidarity Programme’, Societe Generale, with the mobilization of all its teams in India, has committed to donate over 50 million Indian rupees (650,000 euros) in support of those affected by the Covid-19 pandemic in major cities: Delhi, Mumbai, Bangalore and Chennai.
Since the beginning of the health crisis, Societe Generale has provided exceptional support in different countries of the world, namely in France and Africa.
In India, Societe Generale has partnered with three of its currently supported NGOs - Action Against Hunger, Samarthanam Trust for the Disabled and VIDYA Integrated Development for Youth and Adults – to assist their programmes specifically aiming at supporting those in need during the Covid crisis.
The funds will support front line health professionals and hospitals to fight the virus, and also help vulnerable communities by providing them with essential hygiene and nutrition needs. More specifically, the programmes are focusing on:
- supporting health professionals, community health and welfare workers and hospitals with medical gear to safeguard their health and protect them from contracting infections;
- giving essential items and creating awareness on safety through informational material delivered via phone and mobile vehicles making public announcements;
- providing those impacted by loss of earnings including migrant and daily wage workers, people with disabilities, pregnant women and elderly population with necessities;
- helping with mental wellness and counselling to families.
The importance of this financial support demonstrates the spirit and commitment of over 8,000 staff, joining Societe Generale and its Indian entities (Societe Generale Bank in Mumbai and Delhi, Societe Generale Securities India Pvt Ltd in Mumbai and Societe Generale Global Solution Centre in Bangalore and Chennai) to raise the total amount donated.
Antoine Castel, Chief Executive and Chief Country Officer of India, states: “As a Group, we are fully engaged and committed to our clients, partner associations and employees. Along with our NGO partners, we unite to alleviate the hardships of the frontline health professionals and the vulnerable communities who struggle during these times. Our gratitude also goes towards each person in our partner organisations who are on the ground implementing our programs to support those affected by this pandemic.”
Sunil Shah, CEO & Global Head, Societe Generale Global Solution Centre and Global Head, Societe Generale European Business Services, says: “This crisis has had a significant impact on vulnerable sections of society. Societe Generale’s commitment to CSR has always been strong, and our employees are active in volunteering and contributing to society. In this relief program our employees joined in mobilizing to raise funds and added to the contribution of the company. Through these efforts and our partnership with NGOs, we hope to play a small role in alleviating the situation in the country.”
Everyone wishing to join this solidarity initiative can support the three Indian charities and find more information on our website.
Societe Generale
Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.
Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 138,000 members of staff in 62 countries and supports on a daily basis 29 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:
- French Retail Banking which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
- International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;
- Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.
Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.
For more information, you can follow @societegenerale on Twitter or visit the website www.societegenerale.com
Societe Generale India
Societe Generale was established in India since 1978. As a leading European financial institution, Societe Generale has provided financial services to clients built on its cutting-edge technologies for over 40 years.
Today, Societe Generale in India is represented by five entities:
- Societe Generale Bank commenced its operations as a Scheduled Commercial Bank in Mumbai (1985) and Delhi (1993) to initiate business with clients.
- Societe Generale Securities India Pvt Limited is an active stock broking services company since 1995, offering execution and clearing services to institutional clients on listed products.
- SBI-SG Global Securities Services Pvt Limited is a joint venture between State Bank of India and Societe Generale Securities Services established in 2010, offers Indian and international institutional investors with custody and fund administration services.
- ALD Automotive India, with a fleet of about 15,000 vehicles, is one of the leading vehicle leasing and fleet management company in the country and are the operational leasing and fleet management business line of the Societe Generale Group. Established in 2005, headquartered in Mumbai, with a direct presence in Mumbai, Delhi, Hyderabad, Chennai, Pune and Bengaluru and an operational reach in all the major cities across 22 States and 3 Union Territories in India.
- Societe Generale Global Solution Centre (SG GSC), a 100% owned subsidiary of Societe Generale, provides services in the areas of Application Development and Maintenance, Infrastructure Management, Business Process Management, Research & Middle office and Knowledge Process Management, to Societe Generale's business lines around the world.
In line with the Group, the main objective of Societe Generale’s Indian entities is to make a sustained positive difference in society through high impact programs. Their focus is to encourage the creation of talent and future leaders by supporting the education of children, women and youth from economically disadvantaged backgrounds, and ensuring environmental sustainability.
Action Against Hunger
Action against Hunger drives change from the ground up, to make this world free from hunger.
Since their inception in 1979, they have led the global fight against hunger. Their work has impacted the lives of 15 million individuals, through a network of 7,100 humanitarian professionals across 50 countries.
In India, Action Against Hunger’s operations from the grassroots upwards, are focused on taking decisive action against the causes and effects of malnutrition. They equip people with knowledge and awareness, so they can see their children grow up strong, and for whole communities to prosper.
Since their inception in 1979, they have led the global fight against hunger. Their work has impacted the lives of 15 million individuals, through a network of 7,100 humanitarian professionals across 50 countries.
In India, Action Against Hunger’s operations from the grassroots upwards, are focused on taking decisive action against the causes and effects of malnutrition. They equip people with knowledge and awareness, so they can see their children grow up strong, and for whole communities to prosper.