Societe Generale Ghana unveils sustainability agenda, reinforcing commitment to green finance and sustainable initiatives

Societe Generale Ghana has launched its highly anticipated Sustainability Agenda, underscoring the bank's commitment to sustainability and responsible business practices.

The well patronized event which had in attendance distinguished guests, partners, and valued customers took place at the French Ambassador's residence at Cantonments, in Accra.

The launch event showcased Societe Generale Ghana's dedication to building a better and sustainable future through innovative financial solutions and environmental stewardship. The program included presentations, client testimonials, artistic exhibitions, and musical performances that highlighted the bank's initiatives and achievements in the field of sustainability.

H.E. Jules Armand Aniambossou, the French Ambassador, welcomed the guests and commended the strategic direction of Societe Generale Ghana and the Group in becoming a leader in responsible banking and sustainable finance.

He emphasized the importance of connecting and collaborating with various stakeholders in the ecosystem, including suppliers, development banks, regulators, public authorities, cooperatives, and individuals.

Mr. Hakim Ouzzani, the Managing Director of Societe Generale Ghana, emphasized the bank's commitment to conducting business in a sustainable manner. He stated, "SG Ghana ensures that it conducts its activities in a manner that is environmentally and socially responsible, building together with its clients a better and sustainable future."

Deputy Managing Director, Commercial of Societe Generale Ghana, Mr. Francois Pousse, highlighted some initiatives and challenges in promoting sustainability. He addressed the potential of solar energy and financing for solar projects, stating, "As a bank, we are looking to develop the financing of solar energy production (and storage) which can be in the form of medium-term loans or leasing."

Mr. Pousse also discussed the advantages and challenges of transitioning to electric vehicles, emphasizing the need for spare parts availability, compatibility of switches, and additional customs considerations.

The Head of CSR and Sustainability at Societe Generale Ghana, Miss Priscilla Ashiam, provided some insight into the bank's notable initiatives in the realm of green finance. She mentioned the bank's involvement in global projects such as the financing of Canadian Solar's Azuma Kofuji Solar photovoltaic project, demonstrating its commitment to supporting renewable energy endeavors. Locally, she stated amongst others the financing of an environmentally friendly cement production company here in Ghana.

Additionally, Miss Ashiam emphasized the refocusing of the bank’s CSR projects to align with sustainable goals, ensuring a positive impact on society and the environment.

The bank's creative arts initiative exhibited works from recycled materials in alignment with the bank's sustainability goals.

Societe Generale Ghana remains committed to its sustainability journey and looks forward to collaborating with its stakeholders in realizing a more sustainable and prosperous future.