Societe Generale invests in an ESG rating start-up

L'analyse extra-financière et l'accompagnement de leurs clients vers la transition écologique sont des éléments essentiels de la stratégie de décarbonation des banques.

Posted Sep 30, 2022 6:45 AMUpdated on Sep 30, 2022 at 7:04 am

Data is at the heart of banks’ fight to decarbonize their credit portfolio. This is why Societe Generale has just acquired a stake in the start-up Impak ratings, which specializes in the analysis of ESG (Environmental, social and governance) data.

The group participated in the fundraising of 4.5 million euros that the Franco-Canadian fintech launched in 2019 has just completed in order to position itself as one of the players that count in Europe in the analysis and impact rating.