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03/01/2017

Societe Generale Middle East has become a signatory to the United Nations Women’s Empowerment Principles (WEP), making it the sixth company in the region and the first Bank to commit to increase and improve the social, economic, political and legal strength of the women in the workplace, marketplace and community.

The agreement was signed between Mahmoud El Burai, Representative of the United Nations Global Compact in the UAE, and Richad Soundardjee, Chief Executive Officer, Societe Generale Middle East.

“We are already fulfilling a number of the Women’s Empowerment Principles given the good level of gender balance in our dynamic and growing regional set-up in an industry that has sometimes struggled to achieve reasonable gender balances,” said Mr. Soundardjee.

“There has never been any doubt about the very strong contribution and impact of the women in our organisation, and this is a great opportunity to recognise
it because we take seriously our obligation to role-model our principles.”

“Our role is to help develop an outstanding approach to the concept Business means Quality at the local level,” said Mr. El Burai.

“We are very pleased that Societe Generale has joined us in our commitment to
enhance the local business environment and the community at large.”

In October 2016, Societe Generale signed the WEP at the Group level. Already highly committed in this area, Societe Generale intends to promote its existing initiatives and encourage the sharing of best practice between Group entities in terms of non-discrimination, healthcare, well-being, education, training and
professional development. The bank is proud to take a forward-looking approach to empowering women, which will extend to its external stakeholders including corporate development, supply chain and community initiatives.

The UN’s Principles (http://www.weprinciples.org/), present seven steps that business and other sectors can take to increase and improve the social, economic, political and legal strength of the women in the workplace, marketplace and community. As of now more than 1,335 companies have joined, and more than 1,000 CEOs around the world have signed the Statement of Support for the WEP.

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