Business & Sustainability Report - Fiscal 2023

Introduction

Sodexo Climate Ambition

1966

Anchored in the Group’s DNA since its creation in 1966, corporate responsibility is a cornerstone of Sodexo’s mission and operations.

2009

Sodexo announces its first innovative and structuring Corporate Responsibility roadmap

2010

WWF and Sodexo sign their first partnership to work together on improving purchasing practices and reducing the Group’s carbon footprint.

2019

Sodexo is one of the first companies worldwide to have its -34% carbon emissions reduction objective approved by the Sciences Based Target initiative (SBTi) (compared to a 2017 baseline), an international standard-setter in the fight against climate change.

2023

Sodexo is the first company of its sector with a global Net Zero Objective by 2040 validated by the SBTi.

Every 5 years, companies with objectives approved by the SBTi must update their standards used in the calculation of carbon emissions.

Sodexo, being a pioneer company on the subject, is today one of the first companies to move forward with this re-baselining. Following the re-baselining that occurred this year:

• the absolute value of its carbon emissions for the reference year (Fiscal 2017) decreased significantly from 24,155,579 tCO2e to 17,032,739 tCO2e;

• Sodexo’s carbon emissions for Fiscal 2023 is 13,512,956 tCO2e, representing a reduction of -5.4% compared to Fiscal 2022.

2025

Cooking

• 33% plant-based main dish recipes in Sodexo's menus

Energy

• 100% renewable electricity in its direct operations

Waste

• 85% of food sites deploy the WasteWatch program

• 50% food waste reduction

2030

Products

• Zero-deforestation and conversion free supply chain for palm oil, soy, beef and paper products

Cuisine

• 70% low-carbon meals

Énergie

• Improve preparation methods to reduce energy consumption and train 100% site managers by 2027

2040

• Reduction of 90% of our total emissions (compared to Fiscal 2017)

• Carbon removal of the remaining 10% by developing a capture and storage strategy