Fiscal 2022 Universal Registration Document

2.7.3 Green Taxonomy

2.7 Our reporting methodology

2.7.3 Green Taxonomy
Accounting Metrics Code Sodexo actions & performance
Activity Metric
Number of (1) Company-owned and (2) franchise restaurants

Number of (1) Company-owned and (2) franchise restaurants

Code

FB-RN-000.A

Number of (1) Company-owned and (2) franchise restaurants

Sodexo actions & performance

(1) Sodexo does not currently track this indicator.

Number of employees at (1) Company-owned and (2) franchise locations

Number of employees at (1) Company-owned and (2) franchise locations

Code

FB-RN-000.B

Number of employees at (1) Company-owned and (2) franchise locations

Sodexo actions & performance

(1) 421,991 total number of employees worldwide.

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Task force on Climate-related Financial Disclosures (TCFD) reconciliation table

The Task force on Climate-related Financial Disclosures (TCFD) has been created upon the request of the G20 leaders. It aims to encourage companies and organizations to communicate in a transparent manner on the financial risks linked to climate, in order to help investors to integrate them in their decisions.

In 2017, the TCFD published a set of recommendations to encourage a consistent and reliable financial reporting based on 4 pillars: governance, strategy, measure and objectives, as well as risk management.

Topic Recommended Disclosure Pages
Governance

Governance

Recommended Disclosure

a) Describe the Board’s oversight of climate-related risks and opportunities.

Governance

Pages

65

Topic

b) Describe management’s role in assessing and managing climate-related risks and opportunities.

Recommended Disclosure

65

Strategy

Strategy

Recommended Disclosure

a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.

Strategy

Pages

275

Topic

b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.

Recommended Disclosure

275

Topic

c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.

Recommended Disclosure

88-89

Risk Management

Risk Management

Recommended Disclosure

a) Describe the organization’s processes for identifying and assessing climate-related risks.

Risk Management

Pages

275

Topic

b) Describe the organization’s processes for managing climate-related risks.

Recommended Disclosure

275

Topic

c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.

Recommended Disclosure

275

Metrics and Targets

Metrics and Targets

Recommended Disclosure

a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.

Metrics and Targets

Pages

101

Topic

b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks.

Recommended Disclosure

101, 275 

Topic

c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.

Recommended Disclosure

101, 275

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Reconciliation tables are presented in the section 9 of the present document.

2.7.3 Green Taxonomy

In accordance with the European Union (EU) regulation 2020/852 of June 18, 2020 and its delegated acts (referred to as the “Taxonomy” regulation), Sodexo is required to publish, for Fiscal 2022, performance indicators that highlight the proportion of its eligible revenues, investments (CapEx), and operating expenditure (OpEx) associated with economic activities considered to be sustainable within the meaning of this regulation and its delegated acts for the first two climate-related targets regarding climate change mitigation and adaption(1).

The methodology elements on the basis of which the Group based its analysis – definitions, assumptions, and estimates – are described below.

The financial information used to conduct this initial analysis was subject to self-assessment by country teams and additional reporting as part of the year-end closing. The indicators were reviewed and analyzed jointly by Corporate Responsibility and Finance teams, and supported by third-party experts, in order to ensure consistency of the decisions regarding eligibility and consistency with Fiscal 2022 consolidated revenue, investments and operating expenses.

Corporate responsibility has always been at the heart of our mission and everything we do. Despite limited Taxonomy-eligible activities today, we are convinced that our services bring positive impact to our employees, consumers, clients, suppliers, and shareholders. For details on our Corporate Responsibility approach, please refer to chapter 2 of the Universal Registration Document.

(1) Climate delegated regulation of 4 June, 2021 and the appendices thereto supplementing (EU) regulation 2020/852 by specifying the technical criteria for determining under what conditions a business activity can be considered as making a substantial contribution to climate change mitigation or adaptation; European Commission delegated regulation 2021/2178 of 6 July, 2021 and the appendices thereto, supplementing (EU) regulation 2020/852 specifying the method for calculating the key performance indicators and the narrative information to be published.