Universal Registration Document - Fiscal 2023

2. Corporate responsibility at Sodexo

At Sodexo, our purpose is to create a better everyday for everyone to build a better life for all. This starts by developing a positive health and safety culture and by focusing on the well-being of our employees.

Sodexo’s lost time incident rate (LTIR) corresponds to the number of accidents per 200,000 hours worked. 200,000 hours worked is equal to 100 full-time employees working for one full year. The LTIR includes safety incidents (injuries) and work-related health issues (illnesses) that lead to an employee being unable to work. In Fiscal 2023, this rate decreased by -15.4%, reflecting the Group’s ongoing efforts towards improving occupational safety and training on on- site best practices.

In August 2022, the Sodexo Leadership Team made a new Group-wide commitment on occupational health and safety. Thanks to this commitment, Sodexo aims to engage all its employees on a path towards making the workplace safer and making all managers accountable for the security of each member of their teams. One of the direct applications of this agreement was the inclusion, as of Fiscal 2023, of the LTIR as a performance objective for the entire workforce eligible for the Group bonus plan. More than ever security is at the heart of what we do.

Collective agreement for health and safety, with a focus on inclusion
  FISCAL 2023 FISCAL 2022
% of workforce covered by collective agreements ☑

% of workforce covered by collective agreements ☑

FISCAL 2023

42,5%

% of workforce covered by collective agreements ☑

FISCAL 2022

40,9%

% of workforce working in countries that have collective agreements and are covered by those agreements

% of workforce working in countries that have collective agreements and are covered by those agreements

FISCAL 2023

91,1%

% of workforce working in countries that have collective agreements and are covered by those agreements

FISCAL 2022

89,0%

The increase in the percentage of employees covered by a collective agreement comes mainly from the integration of Mexico this year.

In 2021, Sodexo and the IUF (International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers’ Associations), the global trade union federation for workers in the food industry, signed a declaration of intent on health and safety, reinforcing their commitments and priorities to promote the right of employees to health and safety at work.

This declaration of intent on health and safety is a first in the industry and helps to strengthen the relationship between Sodexo and the IUF, which had already laid the initial foundations by signing an international framework agreement on respect for fundamental rights in 2011 and, in 2017, by signing a joint commitment against sexual harassment. In 2023, we continue in these dynamics by signing a new international agreement with the IUF on domestic violences. This agreement reflects the constructive social relations that the Group has had with all its social partners worldwide for several years, for whom the topic of inclusion is key as well.

2.5.2 Ensuring a diverse workforce and inclusive culture that reflects and enriches communities we serve

Workforce by category and gender equality
  SODEXO EXCLUNDING PLUXEE TOTAL SODEXO GROUP, INCLUDING PLUXEE
  FISCAL 2023 FISCAL 2022 FISCAL 2023 FISCAL 2022
  TOTAL % FEMALE TOTAL % FEMALE TOTAL % FEMALE TOTAL % FEMALE
Board of Directors ☑(1) 10 50% 10 60% 10 50% 10 60%
Sodexo Leadership Team ☑ 12 50% 17 41% 12 50% 17 41%
Group Senior Executives ☑(2) 162 41% 163 43% 182 39% 184 41%
Managers ☑ 46,931 45% 46,157 44% 48,514 45% 47,608 44%
Employees ☑ 383,010 56% 371,089 56% 386,645 56% 374,383 56%
Total Workforce ☑ 429,941 55% 417,246 54% 435,159 54% 421,991 54%

(1) Excluding Directors representing employeess.

(2) Group Senior Executives include the key functions reporting directly to Group Executive Committee members, higher-level sales and operations executives and high potential employees.

The Group’s reorganization by zone announced at the beginning of Fiscal 2023 led to a simplification of the managing structure, and, by this means, a reduction in the number of members of the Sodexo Leadership Team (SLT). As of August 31, 2023, the SLT was composed of 12 people, 6 women and 6 men, versus 17 people of which 7 women and 10 men in the previous year.

In November 2022, Sodexo was ranked first by the French Ministry of Gender Equality, Diversity and Equal Opportunity in the ranking of women in the management bodies of SBF120 companies. Each year, this ranking establishes the list of the 120 largest French companies, highlighting their commitment to increasing the number of women in their management bodies and, more generally, to promoting gender equality in the workplace. Sodexo’s ranking reflects its long-standing commitment to increasing the number of women on its Board of Directors, Executive Committee and senior management teams. Equal Pay Gap matters as well: an internal analysis conducted in 2023 on 39,000 of our site managers and off-site teams revealed a gender pay gap of less than 5%.