As a committed and partner that is responsible tackling today’s environment challenges, Societe Generale provides an extensive selection of finance and advisory services for power tasks throughout the world. The Group is mixed up in energy that is renewable over ten years, taking a pioneering part within the money of renewables, supporting revolutionary start-ups along with financing large-scale tasks. Today, among the world’s top ten financers of renewable energies, we stay more committed than in the past to associated the development of all industry players. Societe Generale can be the entire world frontrunner in Liquefied propane, a power supply assisting the change towards a lowered carbon economy and which, in line with the Global Energy Agency (IEA), will play a role that is growing fulfilling the planet’s power requirements. Discover our commitments plus some associated with the funding solutions we realised for the customers.
Societe Generale is a Founding Signatory associated with the maxims for accountable Banking and joins the Collective Commitment on Climate. The Group is making a new commitment of raising €120 billion for the energy transition between 2019 and 2023, of which €100 billion in sustainable bonds issues and €20 billion dedicated to the renewable energy sector through advisory and financing as a demonstration of this commitment.
Siemens Gamesa Renewable Energy (SGRE), leading provider of wind energy solutions, includes its dedication to sustainability and fighting weather modification in each step it requires, including its financing strategy. Societe Generale recently acted as fronting and bank that is issuing of €230 million “green” guarantee center for SGRE to make use of for eligible projects that both benefit environmental surroundings and generally are socially accountable.
The organization & Social Responsibility are at the center regarding the strategy of Societe Generale team as well as the growth of its tasks. Included in its CSR policy, Societe Generale Equipment Finance (SGEF) was supporting sustainable initiatives for quite a while so that you can subscribe to enhancing the ecological effect when you look at the genuine economy.
Societe Generale is among the founding signatories towards the Poseidon Principles, together with the Maritime that is global Forum in accordance with a significant amount of the delivery industry’s leading banks.
Energias de Portugal Group (EDP), Portugal’s biggest energy provider, reaffirmed its dedication to the surroundings aided by the issuance in September of the third green relationship. Societe Generale played a role that is important this successful relationship issuance and acted as Joint Bookrunner associated with procedure.
Societe Generale supported Enel, the best Italian power company, in increasing US$1.5bn for sustainable development from a forward thinking “green”bond that breaks brand brand new ground for ecological funding.
The inhabitants of Liege in Belgium may benefit from greener transport compliment of the public-private partnership signed final January between OTW, the Walloon transportation operator, and Tram’Ardent when it comes to construction for the very very first tramway line within the town.
ACS, a leader that is global infrastructure, launched its first Green Bond for €750 million. The construction and services team established the relationship through ACS SCE, the services that are industrial for the ACS Group specialised in green jobs. Even though the infrastructure team reaffirms its dedication to reduce environment modification with this particular Green Bond problem, Societe Generale, as worldwide coordinating bank regarding the issuance, yet again shows its expertise in neuro-scientific sustainable finance.