The world’s best bank transition strategy: Societe Generale

Societe Generale has accelerated its transition and is using important mandates to convince its internal and external audiences alike.

When Hacina Py became Societe Generale’s chief sustainability officer in October 2021, one of the first changes she made was to bring her team into the chief executive’s office “so that we could really push for the integration of our transition strategy,” she says.

Next came ambitious decarbonization targets, both internal and external, and the supporting infrastructure necessary to make those more ambitious goals a practical reality.

Ultimately, decarbonization targets are the litmus test of an organization’s dedication to transitioning to a low-carbon economy, and Py accelerated the French bank’s commitment.

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