Universal Registration Document - Fiscal 2024

Introduction

  FISCAL 2024 FISCAL 2023 BASELINE 2017 VARIATION
Reduction in carbon emissions – Scope 1 & 2 not-included not-included not-included not-included
Energy consumption for our direct operations (MWh) 515,770 537,741 689,834 -4.1 %
Total Scope 1 & 2 emissions (tCO2e) - market-based ☑ 101,177 100,392 143,354 +0.8 %
Scope 1 emissions (tCO2e) 88,456 87,718 108,936 +0.8 %
Scope 2 emissions (tCO2e) - location based 22,955 21,504 44,594 +6.7 %
Scope 2 emissions (tCO2e) - market based 12,720 12,674 34,418 +0.4 %
% renewable electricity in our direct operations ☑ 73.0 % 57.4 % 13.6 % +15.6 pts
% reduction in absolute Scope 1 & 2 emissions (market-based) (compared to 2017 baseline)☑ -29.4 % -30.0 % not-included not-included
% reduction in intensity Scope 1 and Scope 2 carbon emissions (compared to 2017 baseline) -40.6 % -39.3 % not-included not-included
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  FISCAL 2024 FISCAL 2023 BASELINE 2017 CHANGE
Reduction in carbon emissions – Scope 3 not-included not-included not-included not-included
Total Scope 3 emissions covered by our SBTi commitment (tCO2 e) - FLAG emissions 5,044,406 4,946,981 6,241,086 +2.0 %
Total Scope 3 emissions covered by our SBTi commitment (tCO2 e) - Non-FLAG emissions 6,454,830 6,855,113 7,499,000 -5.8 %
Total Scope 3 emissions covered by our SBTi commitment (tCO2 e) ☑ 11,499,236 11,802,093 13,740,085 -2.6 %
Scope 3 Category 1 Purchased Goods & Services (tCO2 e) ☑ 7,614,710 7,824,575 9,240,879 -2.7 %
Scope 3 Category 1 Purchased Goods & Services - FLAG (tCO2 e) 5,044,406 4,946,981 6,241,086 +2.0 %
Scope 3 Category 1 Purchased Goods & Services - Non-FLAG (tCO2 e) 2,570,304 2,877,594 2,999,793 -10.7 %
Scope 3 Category 3 Fuel- and energy-related activities (tCO2 e) 27,415 26,762 32,464 +2.4 %
Scope 3 Category 4 Upstream transportation and distribution (tCO2 e)☑ 176,674 224,898 462,044 -21.4 %
Scope 3 Category 5 Waste generated in operations (tCO2 e) 71,517 77,892 83,051 -8.2 %
Scope 3 Category 6 Business travel (tCO2 e) 65,791 53,479 36,235 +23.0 %
Scope 3 Category 7 Employee commuting (tCO2 e) 678,366 628,735 717,015 +7.9 %
Scope 3 Category 8 Upstream Leased Assets (tCO2 e) 1,794 306 not-included +486.3 %
Scope 3 Category 11 Use of sold products (tCO2 e) 2,513,526 2,610,853 2,708,972 -3.7 %
Scope 3 Category 12 End-of-life treatment of sold products (tCO2 e)☑ 349,442 354,594 459,425 -1.5 %
% reduction in absolute Scope 3 emissions (compared to 2017 baseline)☑ -16.3 % -14.1 % not-included not-included
% reduction in intensity Scope 3 carbon emissions (compared to 2017 baseline) -29.5 % -25.5 % not-included not-included
Reduction in carbon emissions – Scope 1, 2 and 3 not-included not-included not-included not-included

Total Scope 1&2 and 3 emissions (tCO2e)

% reduction in absolute Scope 1&2 and 3 emissions (compared to 2017 baseline)

 11,600,413 11,902,486 13,883,439 -2.5 %
-16.4 % -14.3% not-included not-included
% reduction in intensity Scope 1&2 and 3 carbon emissions (compared to 2017 baseline) -29.6 % -25.7 % not-included not-included
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Sodexo was one of the first food services companies to commit to reaching Net Zero globally by 2040, establishing its leadership in the sector’s fight against climate change. With a CDP A rating, Sodexo is recognized as a leader in climate ambition in its sector. Since 2017, the company has been strengthening its sustainability journey, aiming for a -34% reduction in emissions by 2025, an objective approved by the Science-Based Target Initiative (SBTi).

Emissions Overview:

99% of Sodexo’s emissions are indirect, coming from our supply chain, energy consumption at client sites, as well as food waste. Only 1% of its emissions fall under Scope 1 & 2 (mainly fuel consumption and purchased electricity in our direct operations). Every year, while calculating emissions, we enhance our data quality and improve the methodologies adopted, which can affect the values of the current year, previous years, and those of the reference year. The recent restatement has led to:

  • A significant decrease in the 2017 baseline absolute emissions from 17.0 million tCO2 e to 13.9 million tCO2 e.
  • A re-statement of Fiscal 2023 emissions reduction from -20.7% to -14.3% compared to 2017 baseline year.

These changes were mainly due to:

  • Enhanced methodology for calculating client site energy;
  • Update of the emissions due to acquisitions, disposals and activity growth occurred in Fiscal 2024;
  • Improved data quality.

Further details on the methodology changes can be found in the dedicated Methodology section at the end of the chapter.