Universal Registration Document - Fiscal 2023

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n emissions reduction objective approved by the Science Based Target initiative (SBTi) (compared to a 2017 baseline), an international standard-setter in the fight against climate change.

Every 5 years, companies with objectives approved by the SBTi must update their standards used in the calculation of carbon emissions using those of the GHG protocol, the only scientific reference which is the global standard for the carbon accounting.

Updating the standards, which can be called “re-baselining”, has an impact on the values of the current year, of previous years and also those of the reference year.

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;
this change in the value of the reference year is explained by:
- improvement of the data collected internally (e.g. energy consumption on site),
- changes in the scope taken into account in the calculation of carbon emissions (e.g. acquisitions, disposals, growth),
- evolution of the norms and standards for calculation of carbon emissions recommended by the GHG Protocol (e.g. evolution of the charts used in the calculation of emissions by product line);
according to this re-baselining, Sodexo’s carbon emissions for Fiscal 2023 is 13,512,956 tCO₂e, a reduction of -5.4% compared to Fiscal 2022 and -20.7% compared to Fiscal 2017;
Sodexo’s Climate ambition implies an average -4.2% annual carbon emissions reduction. This is a theoretical indication because the trajectory towards Net Zero by 2040 will not be a linear one;
even if the carbon emissions reduction has accelerated over the last two years; during these 8 years, it has been on average slightly lower than the -4.2% per year rate. As a result, the intermediate objective of -34% should be exceeded on scopes 1 and 2 by 2025, and should be achieved on scope 3 during Fiscal 2026;

Sodexo’s reduction between Fiscal 2022 and Fiscal 2023 is well above the -2.8% annual emissions reduction recommended by the SBTi in accordance with the Paris agreement trajectory and is aligned with Sodexo’s climate ambition.

2.5.7 Act sustainably for a free-hunger world

	2015-2023 PERIOD
Number of Stop Hunger beneficiaries (in millions) ☑	Number of Stop Hunger beneficiaries (in millions) ☑ 2015-2023 PERIOD 76.4
Funds invested in programs to empower women working to end hunger in their communities (in thousands of euro)	Funds invested in programs to empower women working to end hunger in their communities (in thousands of euro) 2015-2023 PERIOD 7,921

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As part of Better Tomorrow 2025, Sodexo has set itself the ambitious objective of reaching 100 million Stop Hunger beneficiaries, through its various initiatives, over the period 2015-2025. At the end of the Fiscal 2023, the cumulative result represents 76.4 million beneficiaries, an increase compared to 63.9 million in 2022. This is mainly due to the increase in the number of partnerships with NGOs in the United States.

For more information, see the Stop Hunger website:

	FISCAL 2023	FISCAL 2022	BASELINE 2017	CHANGE
Reduction in carbon emissions – Scope 3	Reduction in carbon emissions – Scope 3 FISCAL 2023
Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - FLAG emissions	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - FLAG emissions FISCAL 2023 4,614,523	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - FLAG emissions FISCAL 2022 4,759,991	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - FLAG emissions BASELINE 2017 5,944,880	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - FLAG emissions CHANGE -3.1%
Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - Non-FLAG emissions	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - Non-FLAG emissions FISCAL 2023 8,802,574	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - Non-FLAG emissions FISCAL 2022 9,427,157	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - Non-FLAG emissions BASELINE 2017 10,945,044	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) - Non-FLAG emissions CHANGE -6.6%
Total Scope 3 emissions covered by our SBTi commitment (tCO2e) ☑	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) ☑ FISCAL 2023 13,417,098	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) ☑ FISCAL 2022 14,187,148	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) ☑ BASELINE 2017 16,889,925	Total Scope 3 emissions covered by our SBTi commitment (tCO2e) ☑ CHANGE -5.4%
Scope 3 Category 1 Purchased Goods & Services (tCO2e) ☑	Scope 3 Category 1 Purchased Goods & Services (tCO2e) ☑ FISCAL 2023 7,311,000	Scope 3 Category 1 Purchased Goods & Services (tCO2e) ☑ FISCAL 2022 6,852,219	Scope 3 Category 1 Purchased Goods & Services (tCO2e) ☑ BASELINE 2017 8,837,127	Scope 3 Category 1 Purchased Goods & Services (tCO2e) ☑ CHANGE +6.7%
Scope 3 Category 1 Purchased Goods & Services - FLAG (tCO2e)	Scope 3 Category 1 Purchased Goods & Services - FLAG (tCO2e) FISCAL 2023 4,614,523	Scope 3 Category 1 Purchased Goods & Services - FLAG (tCO2e) FISCAL 2022 4,759,991	Scope 3 Category 1 Purchased Goods & Services - FLAG (tCO2e) BASELINE 2017 5,944,880	Scope 3 Category 1 Purchased Goods & Services - FLAG (tCO2e) CHANGE -3.1%
Scope 3 Category 1 Purchased Goods & Services - Non-FLAG (tCO2e)	Scope 3 Category 1 Purchased Goods & Services - Non-FLAG (tCO2e) FISCAL 2023 2,696,476	Scope 3 Category 1 Purchased Goods & Services - Non-FLAG (tCO2e) FISCAL 2022 2,092,229	Scope 3 Category 1 Purchased Goods & Services - Non-FLAG (tCO2e) BASELINE 2017 2,892,247	Scope 3 Category 1 Purchased Goods & Services - Non-FLAG (tCO2e) CHANGE +28.9%
Scope 3 Category 3 Fuel- and energy-related activities (tCO2e)	Scope 3 Category 3 Fuel- and energy-related activities (tCO2e) FISCAL 2023 25,755	Scope 3 Category 3 Fuel- and energy-related activities (tCO2e) FISCAL 2022 25,729	Scope 3 Category 3 Fuel- and energy-related activities (tCO2e) BASELINE 2017 30,721	Scope 3 Category 3 Fuel- and energy-related activities (tCO2e) CHANGE +0.1%
Scope 3 Category 4 Upstream transportation and distribution (tCO2e)	Scope 3 Category 4 Upstream transportation and distribution (tCO2e) FISCAL 2023 210,066	Scope 3 Category 4 Upstream transportation and distribution (tCO2e) FISCAL 2022 184,426	Scope 3 Category 4 Upstream transportation and distribution (tCO2e) BASELINE 2017 441,856	Scope 3 Category 4 Upstream transportation and distribution (tCO2e) CHANGE +13.9%
Scope 3 Category 5 Waste generated in operations (tCO2e)	Scope 3 Category 5 Waste generated in operations (tCO2e) FISCAL 2023 56,238	Scope 3 Category 5 Waste generated in operations (tCO2e) FISCAL 2022 57,771	Scope 3 Category 5 Waste generated in operations (tCO2e) BASELINE 2017 78,275	Scope 3 Category 5 Waste generated in operations (tCO2e) CHANGE -2.7%
Scope 3 Category 6 Business travel (tCO2e)	Scope 3 Category 6 Business travel (tCO2e) FISCAL 2023 53,088	Scope 3 Category 6 Business travel (tCO2e) FISCAL 2022 34,177	Scope 3 Category 6 Business travel (tCO2e) BASELINE 2017 36,917	Scope 3 Category 6 Business travel (tCO2e) CHANGE +55.3%
Scope 3 Category 7 Employee commuting (tCO2e)	Scope 3 Category 7 Employee commuting (tCO2e) FISCAL 2023 625,167	Scope 3 Category 7 Employee commuting (tCO2e) FISCAL 2022 606,933	Scope 3 Category 7 Employee commuting (tCO2e) BASELINE 2017 689,957	Scope 3 Category 7 Employee commuting (tCO2e) CHANGE +3.0%
Scope 3 Category 8 Upstream Leased Assets (tCO2e)	Scope 3 Category 8 Upstream Leased Assets (tCO2e) FISCAL 2023 283	Scope 3 Category 8 Upstream Leased Assets (tCO2e) FISCAL 2022	Scope 3 Category 8 Upstream Leased Assets (tCO2e) BASELINE 2017	Scope 3 Category 8 Upstream Leased Assets (tCO2e) CHANGE
Scope 3 Category 11 Use of sold products (tCO2e)	Scope 3 Category 11 Use of sold products (tCO2e) FISCAL 2023 4,808,806	Scope 3 Category 11 Use of sold products (tCO2e) FISCAL 2022 6,152,519	Scope 3 Category 11 Use of sold products (tCO2e) BASELINE 2017 6,337,846	Scope 3 Category 11 Use of sold products (tCO2e) CHANGE -21.8%
Scope 3 Category 12 End-of-life treatment of sold products (tCO2e)	Scope 3 Category 12 End-of-life treatment of sold products (tCO2e) FISCAL 2023 326,695	Scope 3 Category 12 End-of-life treatment of sold products (tCO2e) FISCAL 2022 273,374	Scope 3 Category 12 End-of-life treatment of sold products (tCO2e) BASELINE 2017 437,225	Scope 3 Category 12 End-of-life treatment of sold products (tCO2e) CHANGE +19.5%
% reduction in absolute Scope 3 emissions (compared to 2017 baseline)	% reduction in absolute Scope 3 emissions (compared to 2017 baseline) FISCAL 2023 -20.6%	% reduction in absolute Scope 3 emissions (compared to 2017 baseline) FISCAL 2022 -16.0%	% reduction in absolute Scope 3 emissions (compared to 2017 baseline) BASELINE 2017	% reduction in absolute Scope 3 emissions (compared to 2017 baseline) CHANGE
Reduction in carbon emissions – Scope 1, 2 and 3	Reduction in carbon emissions – Scope 1, 2 and 3 FISCAL 2023
% reduction in absolute Scope 1&2 and 3 emissions (compared to 2017 baseline)	% reduction in absolute Scope 1&2 and 3 emissions (compared to 2017 baseline) FISCAL 2023 -20.7%	% reduction in absolute Scope 1&2 and 3 emissions (compared to 2017 baseline) FISCAL 2022 -16.1%	% reduction in absolute Scope 1&2 and 3 emissions (compared to 2017 baseline) BASELINE 2017	% reduction in absolute Scope 1&2 and 3 emissions (compared to 2017 baseline) CHANGE

Universal Registration Document - Fiscal 2023

2. Corporate responsibility at Sodexo

2.5.7 Act sustainably for a free-hunger world