Société Générale, founding shareholder in EcoFolio
In 2006, new French legislation imposed that issuers of unsolicited printing for business purposes (publicity, free advertisement publications, etc.) aimed at individual consumers contribute to the financing of their recycling, valorisation and destruction by the local authorities.
EcoFolio, a state-approved private company, was set up in 2007 to enable companies to uphold this obligation. By subscribing to this eco-organization and thereby acquitting themselves of a voluntary contribution, issuers entrust EcoFolio with the management of their subsidies for local authorities as well as the implementation of information campaigns.
As part of its commitment to the environment, Société Générale not only subscribes to EcoFolio but also supported its creation by becoming a shareholder in the organization alongside other companies from different economic sectors.
The Group is committed to drawing up an inventory of the paper tonnage it uses each year in France and paying the corresponding contribution directly to EcoFolio. For 2009, the Group declared 1 841 tons of printed paper.
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