Understanding Responsible Investment #3 - Société Générale Private Banking's sustainable and positive offer

Dorothée Chapuis: Hello everyone and welcome to the third episode of our "Understanding Responsible Investment" podcasts series. I am Dorothée Chapuis, Head of CSR for Société Générale Private Banking Luxembourg, Monaco and Switzerland, and I am with Olivier Gérard, Commercial Director for Société Générale Private Banking Luxembourg.

Dorothée Chapuis: Olivier, what are your positive and sustainable solutions?

Olivier Gérard: Our offer, available in all our private banking entities in France and Europe, is based on three main areas: SRI portfolio management solutions, the structured products offer andinvestment advice. For portfolio management, we have been developing SRI for several years now with a significant acceleration since 2019; several of our open-ended funds have obtained recognised labels: the French government's SRI label and Luxembourg's Luxflag label. Clients who entrust us with the management of their portfolios by choosing the SRI approach benefit from the same management process as our SRI-labelled funds. At the level of our private banking asset management companies, we aim to achieve a rate of 30% of assets under responsible process management in less than two years.

Olivier Gérard: There are different types of structured products. There are those that are indexed on indices that take into account extra-financial environmental, social and governance (ESG) criteria or indexed on stocks chosen for their ESG performance; there are also structured products that participate in positive programs. We have three positive programs: the Positive Impact Finance program, the Charity program and the Let's Plant Trees program. The charitable structured products provide that for every subscription, Societe Generale Private Banking makes a donation to a partner charity. The "Plant a Tree" programme allows for the planting of one tree for every EUR 10K invested, the financing being handled by the private bank.

Dorothée Chapuis: We will come back in more detail in the next podcasts on the main principles of SRI management. What about your second area of sustainable and positive offering, structured products?

Dorothée Chapuis: Thank you for these details, Olivier. Let's now come to the third axis, investment advice.

Olivier Gérard: Indeed Dorothée, our advisory management offer is also concerned by the sustainable theme and we are going to gradually integrate advice on funds or stocks with good extra-financial performance. Initially, we are implementing the environmental exclusions adopted by the Société Générale group by stopping investments in stocks whose activity is linked to thermal coal and controversial weapons. We are also going to stop advising on stocks with the most severe ESG controversies. As you know, one of the pillars of our offering is our ability to select external funds in line with our clients' objectives and investor profiles. We have recently expanded the range of sustainable, ESG or responsible external funds that we offer our clients. Finally, I would like to conclude with LUMO, which is a participative financing platform dedicated to renewable energies and a partner of private banking in France. Don't hesitate to talk to your usual contact person so that he can tell you more about it.

Dorothée Chapuis: Thank you Olivier, we understand that the offer of sustainable and positive products is innovative and complete. But what are the main principles of SRI portfolio management? This is what we will discover in the next two podcasts of our series. See you soon!

This podcast is part of a series of episodes proposed by Societe Generale Private Banking to understand responsible investment. It is available on the Spotify and Apple Podcast streaming platforms via the "#Private Talk by Societe Generale Private Banking" program and on our website www.privatebanking.societegenerale.com. Feel free to subscribe to be notified when the next episode is released and to spread the word.

Important information
The content provided on this page is for informational purposes only and is not contractually binding. The materials contained herein are not intended to provide investment advice or any other investment service and do not constitute a personal recommendation, advice, or an offer from Societe Generale Private Banking to purchase, sell or subscribe to investment services and/or financial products and/or investments in the aforementioned asset class. Some of the products, services and solutions described can carry various risks and involve the potential loss of the entire invested amount, if not theoretically unlimited loss. As such, they are reserved for a certain category of investors and/or adapted solely for informed investors who are eligible for such products, services and solutions. The information set out above shall not be considered legal, tax or accounting advice.
The wealth management and financial solutions, offers, products, services and activities mentioned on this page depend on each client’s personal situation, the legislation applying to them, and their tax residence. Consequently, the offer presented may not be eligible for implementation, adaptation or approval at all of the Societe Generale Private Banking entities and must comply with Societe Generale Group's Tax Code of Conduct. Furthermore, access to some of these products, services and solutions is subject to specific conditions, notably in respect of eligibility.
Please contact your private banking adviser to check that these offers meet your needs and are suited to your investor profile (knowledge, experience in investment, financial situation, including ability to withstand losses, and investment objectives, including risk tolerance).
Societe Generale Private Banking shall under no circumstances be held liable for any decision taken by a reader on the basis of this information. Before Societe Generale Private Banking can provide a potential investor with an investment service and/or a subscription to financial products, the investor must first be made aware of, understand and sign the related informative and contractual documentation, notably in respect of the associated risks (prospectus, Key Investor Information Document, Term Sheet, etc.). The potential investor must not base his/her investment decision and/or give investment instructions solely on the basis of this document.
All Societe Generale Private Banking entities reserve the right not to update or amend this document and shall accept no liability in this regard. The present document has the sole aim of informing investors, who will make their investment decisions without overly relying on this publication. The Societe Generale Private Banking entities shall under no circumstances be held liable for the accuracy, relevance or exhaustiveness of this information. The Societe Generale Private Banking entities give no explicit or implicit guarantees as to the accuracy or exhaustiveness of this information or of the profitability or performance of any asset class, country or market.
This document is not intended as a list or summary of all the terms and conditions pertaining to financial products, nor to identify all or some of the risks that may be involved in the acquisition and/or sale of a financial product/investment in any of the aforementioned asset classes.
The historical data and the information and opinions herein have been obtained from, or are based upon, external sources that Societe Generale Private Banking entities believe to be reliable but have not been independently verified. The Societe Generale Private Banking entities shall under no circumstances be liable for the accuracy, relevance or exhaustiveness of this information. Information provided on past performance, even repeated performances, is in no way a guarantee of future performance and may not be repeated. The value of an investment is not guaranteed and the value of investments may fluctuate. These forecasts about future performances are based on assumptions which may not be realised and do not therefore provide any assurance or guarantee with regard to the expected results of the investments in the aforementioned asset classes.
Generally speaking, Societe Generale Group companies may be market makers, conduct transactions involving the securities referred to on this page, and may provide banking services to companies whose asset classes are mentioned on this page, as well as the subsidiaries thereof. Societe Generale Group companies may, from time to time, conduct transactions, generate profits, hold securities or act as adviser, broker or banker in relation to these securities, or derivatives thereof, or in connection with the asset classes mentioned in this document. Societe Generale Group companies may, from time to time, acquire or liquidate positions on the securities, or the underlying assets (including derivatives), mentioned on this page or, where applicable, any other assets. Consequently, this may affect any returns for a potential investor either directly or indirectly. Societe Generale Group companies have no obligation to disclose this page or take it into account in providing advice or conducting transactions with a client or on behalf of a client. The administrative structure of the Societe Generale Group includes all safeguards needed to identify, control and manage conflicts of interest. To this end, Societe Generale Private Banking entities have implemented a conflict of interest management policy to prevent such conflicts of interest. For further details, Societe Generale Private Banking clients may refer to the conflict of interest management policy given to them by the Societe Generale Private Banking entity of which they are clients.