Societe Generale launches with Epic “Hedge to pledge”, a new solidarity financing initiative based on the round-up of foreign exchange transactions
Through this partnership with Epic, Societe Generale Corporate & Investment Banking offers its clients the possibility to make donations on the round-up of foreign exchange transactions to benefit social organisations helping disadvantaged youth. Societe Generale implements a matching policy to accompany its clients supporting organisations that respect the Bank’s solidarity policy.
Societe Generale Corporate & Investment Banking (SG CIB) supports its large corporate clients in their solidarity approach with the project “Hedge to Pledge”. This unique initiative will enable them to make donations to social organisations based on the round-up of foreign exchange transactions executed with the Bank on electronic market platforms. To implement this partnership, SG CIB has chosen Epic, a non-profit organisation and a pioneer in the creation of innovative giving solutions which directs donations to carefully vetted high-impact organisations.
This solidarity financing initiative relies on a digital application developed by SG CIB and accessible from SG Markets* , which collects post-transaction information of client foreign exchange deals and the calculated rounded amounts. Each client will be able, from this user-friendly interface, to see the amounts derived from the round-up and choose in Epic’s portfolio the beneficiary organisations.
The Bank implements a matching policy to accompany its clients committed to organisations involved in the fields of professional integration or integration through sports and cultural activities, areas supported by the Group. Epic’s selection includes, amongst others, partners of Societe Generale Foundation, such as Sport Dans La Ville or Agir pour l’Ecole, as well as other social organisations in line with the solidarity policy of the foundation.
Thanks to the strong capacity for innovation of the Bank’s markets activities, “Hedge to Pledge” is a further demonstration of Societe Generale’s commitment for solidarity financing initiatives.
“We are very happy with this partnership with Epic which will enable us to offer an innovative solution of pledge collections to our clients, says Antoine Jacquemin, Head for Western Europe ex.France for Corporate Sales at Societe Generale Corporate & Investment Banking. With “Hedge to Pledge”, a unique and unprecedented initiative in the B-to-B market activities, we are offering to our clients executing on a daily basis foreign exchanges transaction the unique opportunity to support, with us, social organisations with very strong impact”.
“We are delighted with the implementation of Hedge to Pledge which is the result of a close collaboration between SG CIB and Epic teams,” said Alexandre Mars, Founder and CEO of Epic. “Hedge to Pledge demonstrates that sharing can be seamlessly embedded into any business model. As always with Epic, 100% of the donations will go to social organisations working to address injustices affecting children and youth worldwide with a specific emphasis on access to health, education, protection, and economic empowerment.”
*SG markets is the online service platform dedicated to Global Banking & Investment Solutions clients. Know more.