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We acknowledge receipt of your email in which, on behalf of Business & Human Rights Resource South-East Asia, you draw our attention to the potential construction of Burapa Power Plant, a new gas-fired power plant in Chachoengsao province, and its potential impacts on environment, climate and human rights.

Societe Generale group (the “Group”) has a policy, due in particular to legal and/or contractual confidentiality obligations, of not providing information regarding specific companies or operations.

For this reason, we will not be able to comment on the elements listed in your email and in the solicitation received from “Fossil Free Thailand”. However, we can confirm that the various points raised in these documents have been shared with the relevant teams within the bank for analysis in accordance with the Group’s framework.

From a broader perspective, we would like to remind you that Societe Generale has adopted a dedicated Thermal power sector policy and set a global decarbonation target for its power portfolio by 2030 at a level that is more ambitious than the International Energy Agency’s Net Zero scenario.

Regarding human rights, the Group uses as guidelines major international principles and conventions, such as the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights (UNGPs). More specifically, through its general E&S Risk Management framework, the Group pays attention to risks of serious adverse impacts on human rights directly associated with its products and services…