Societe Generale Unveils Short Term Sustainable Finance Solutions for Corporate Clients
Societe Generale Factoring, the short-term liquidity financing business of European financial services group Societe Generale announced today the launch of a new range of ESG-focused solutions for its corporate clients. The new ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. offers apply to the firm’s flagship factoring products, including receivable finance, supply chain finance and forfaiting.
The new sustainable finance offerings fall into two categories, including environmentalEnvironmental criteria consider how a company performs as a steward of nature. and socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. financing, and sustainability-linked solutions. Under the former category, Societe Generale will finance activities that generate positive impacts, based on a series of environmentalEnvironmental criteria consider how a company performs as a steward of nature. and socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. categories. Eligible environmentalEnvironmental criteria consider how a company performs as a steward of nature. categories include renewable energy, waste management, clean transportation, hydrogen and sustainable water and waste-water management. SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. categories include areas such as education and training and socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. housing.
Sustainability-linked solutions are an increasingly popular form of sustainable finance, typically tying financing terms to a company’s sustainability goals, rather than to the financing of specific ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. projects. Societe Generale Factoring’s new sustainability-linked offering is aimed at companies that have established ambitious corporate socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. responsibility (CSR) strategies, rewarding them for the achievement of their CSR objectives.
According to Societe Generale, the sustainability-linked offering is particularly well suited for supply chain finance programs of large corporates with many suppliers, encouraging the transition of the companies and their suppliers to more sustainable growth models.
Aurélien Viry, CEO of Societe Generale Factoring, said:
“With these new offers, Societe Generale Factoring contributes to Societe Generale Group’s commitment to support our corporate clients’ transition to more ecological and inclusive development models. These solutions help strengthen our relationship and advisory work with our clients.”
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