Luxembourg, March 24, 2026 – Société Générale Private Banking Luxembourg is partnering with the Climate Foundation under the auspices of the Fondation de Luxembourg, supporting an initiative with both environmental and social impact led by the social enterprise Co-labor.
Through this partnership, Société Générale Private Banking Luxembourg is contributing to the development of a sustainable market garden at Grevelsbarrière. The project aims to restore a former conventional agricultural area and transform it into a space that better supports biodiversity.
Led by Co-labor, the project will focus on soil restoration, the implementation of ecological and regenerative farming methods, and the creation of habitats that support wildlife and pollinators. The bank’s support specifically contributes to the preparatory phase of the project, particularly soil restoration and preparation—essential steps in the site’s ecological transformation.
Beyond its environmental ambitions, the initiative also carries a strong social dimension. Individuals participating in Co-labor’s socio-professional integration programmes will be involved in developing and maintaining the site, gaining hands-on experience in sustainable agriculture. The initiative will therefore support both inclusion and skills development for people who are distant from the labour market.
“The Fondation de Luxembourg welcomes the commitment of Société Générale Private Banking Luxembourg alongside the Climate Foundation under our aegis. This partnership illustrates the role of companies as drivers of change in the climate transition. It aligns with the Fondation de Luxembourg’s ambition to make environmental action more accessible through a simple and effective framework that fosters tangible local impact,” said Tonika Hirdman, CEO of the Fondation de Luxembourg.
“As a long-standing player in Luxembourg, we believe it is essential to support concrete projects within the country. Our commitment to the Climate Foundation, under the Fondation de Luxembourg, fully aligns with the Group’s priorities in terms of biodiversity and ecological transition. This is a project that we share and carry collectively with all our employees,” said Olivier Gérard, CEO of Société Générale Private Banking Luxembourg.
“Thanks to the support of the Climate Foundation, we are able to transform a former agricultural plot into a sustainable market garden that promotes biodiversity and climate change adaptation. This project fully reflects Co-labor’s approach: linking socio-professional integration, organic farming, and local food systems—from production to distribution through our Grénge Kuerf baskets, our markets, and our grocery stores in Bertrange and Walferdange,” added Lola Artigao, President of Co-labor.
The Fondation de Luxembourg, an independent centre of expertise and advisory in philanthropy, launched the Climate Foundation under its auspices in 2024. Dedicated to combating climate change and preserving biodiversity, the Climate Foundation supports corporate donors wishing to back local projects with tangible impact in these areas. Each project is reviewed by a scientific committee of experts to ensure alignment with environmental challenges and to contribute to Luxembourg’s ecological transition objectives. In this context, Société Générale Luxembourg becomes the fourth company to join the Climate Foundation in supporting local climate initiatives with measurable impact.
Press Contacts:
Sandrine Brel
Head of Communication
Société Générale Luxembourg
Tel: +352 47 93 11 52 04
Ivana Vujeva
Communications Officer
Fondation de Luxembourg
Tel: +352 27 47 48 259
Société Générale Luxembourg
Established in 1893, Société Générale Luxembourg is the oldest foreign banking institution in the Grand Duchy. From the outset, it has supported the development of Luxembourg’s industrial sector and contributed to the emergence of its financial centre.
Société Générale Luxembourg leverages the full range of expertise of a multi-business bank to serve large Luxembourg-based and international clients. It offers a wide array of financing and investment solutions for corporate and institutional clients, as well as for high-net-worth individuals (private banking in continental Europe through its locations in Luxembourg, Monaco, Italy, and Belgium), supported by an active trading floor.
True to its commitments, Société Générale Luxembourg works every day with its teams to build a better and more sustainable future together with its clients by providing responsible and innovative financial solutions.
For more information: www.societegenerale.lu
About the Fondation de Luxembourg
Since its creation in 2008, the Fondation de Luxembourg has supported projects of general interest, some of which aim to mitigate the effects of climate change and preserve biodiversity. To strengthen its actions in this field, it launched the Climate Foundation in 2024, supporting projects focused on three main areas: awareness and education, scientific research, and biodiversity preservation.
Donors to the Climate Foundation benefit from the Fondation de Luxembourg’s expertise in identifying, pre-selecting, and monitoring projects, as well as from its strong local anchoring and recognized independence.
More information: www.fdlux.lu
About Co-labor
For more than forty years, Co-labor has been a key player in the social and solidarity economy in Luxembourg. Founded in 1983, the organisation now employs nearly 250 people and pursues a clear mission: to support, train, and promote the socio-professional reintegration of unemployed individuals.
Active in both organic food production and distribution, as well as in green space and nature-related activities, Co-labor combines social impact with environmental commitment. Its approach is rooted in strong social responsibility and ecological values, which form the foundation of its identity and guide all of its daily actions.
Credit : ©Ramunas Astrauskas