Societe Generale The Future Is You Foundation launches with €7 million annual budget to help young people across France and Africa

Societe Generale The Future Is You Foundation launches with €7 million annual budget to help young people across France and Africa

• Bringing together solidarity sponsorship and musical patronage within the new Societe Generale The Future Is You Foundation
• Greater support for young people to help them to build their future
• An annual budget of €7 million for the Foundation’s initiatives, mainly in France and Africa

(PRESS RELEASE) PARIS, 8-Oct-2021 — /EuropaWire/ — Societe Generale, a European leader in financial services with over 150 years of history, has announced the launch of its foundation called “Societe Generale The Future Is You Foundation” where the group has put together its solidarity and musical patronage activities under one corporate foundation aimed at helping young people in building their future. The Foundation will have an annual budget of €7 million to operate, mainly in France and Africa and will support educational projects for young people, particularly through music or sport, and by accompanying them on their way to employment, the Group aims to develop the know-how and interpersonal skills they need to fully integrate into society.

Committed for over 30 years to classical music with its Musical Patronage Association (Association Mécénat Musical) and for more than 15 years in education and professional integration with Societe Generale Corporate Foundation for Solidarity (Fondation d’entreprise Société Générale pour la Solidarité), Societe Generale The Future Is You Foundation will give a new strength to the Group’s initiatives. 

“I am delighted with the creation of Societe Generale The Future Is You Foundation, which will intensify our historical commitment as a patron of classical music and in the field of solidarity, with a particular focus on our youth. Being committed to society, in which we are key players, is an integral part of our mission. I am also very proud that the Group’s employees are involved in the Foundation’s actions. We believe in every individual’s potential and our goal is to do all we can to help them achieve it. This is the action’s purpose we are carrying out.” says Frédéric Oudéa, Chief Executive Officer of Societe Generale and President of The Societe Generale Foundation.

EMPLOYEE COMMITMENT

To complete the financial support, our employees are also mobilised to contribute to the Foundation’s work. As an example, they can engage themselves to the Foundation with skills sponsorship alongside partner associations, through mentoring actions with young people. In France, employees can devote three days a year of their working time to the benefit of associations supported by the Foundation. In September 2021, nearly 10,000 employees took part in the Move For Youth sports and solidarity challenge, which was deployed in more than 50 countries, raising €1 million for more than 40 local and international associations working for young people.

SUPPORT FOR EDUCATION AND PROFESSIONAL INTEGRATION

In 2020, 87 projects were supported, ranging from initiatives to prevent school drop-out to post-secondary school training in web development. Societe Generale The Future Is You Foundation will continue supporting educational projects, particularly those based on music and sports. It continues to assist young people in difficulty in acquiring skills that will help them find employment and start their professional integration journey. Societe Generale The Future Is You Foundation operates mainly in France but it also supports initiatives on the African continent as part of the Africa Program launched in 2018.

EXCELLENCE IN CLASSICAL MUSIC

Societe Generale The Future Is You Foundation is also maintaining its historic work as a key player in the diffusion and promotion of classical music in France, by supporting young musicians in their professional development with grants and instrument loans. It also supports numerous orchestras and ensembles with the aim of opening up musical heritage to new audiences in every region. The Future Is You Societe General Foundation therefore remains a support for the diversity of classical music players.

The Board of Directors, chaired by Frédéric Oudéa and made up equally of employees and outside personalities, relies on three committees responsible for selecting projects: the Music Committee, the Education and Integration Committee and the Education and Integration Committee for the African continent.

Social networks: follow the Foundation on Twitter @Fondation_SG

Press contact:

Amandine Grison +33 (0)1 57 29 92 40 amandine.grison@socgen.com

SOURCE: Societe Generale