Universal Registration Document - Fiscal 2024

Progress – Total Emissions

With restated data, and even with the Revenues having increased by 15% since Fiscal 2017, Sodexo has achieved a -16.4% reduction in absolute emissions compared to Fiscal 2017 and a -2.5% Year on Year (YoY) reduction. Emission intensity has decreased by -29.6% compared to FY17, and -5.3% compared to Fiscal 2023.

The regions with the highest YoY total absolute emissions reduction are: France with -3.5%, Continental Europe with -3.3% and North America with -3.2%. These regions have also made significant progress compared to the 2017 baseline with -27.4% reduction for Continental Europe, -25.6% for North America and -23.1% for France.

UK&I have decreased by -27.1% compared to baseline year 2017, making them a leading region on climate action within the Group. While UK&I increased YoY +3.0%, this is a significantly lower than their YoY organic growth. In Fiscal 2024, UK&I deployed a net zero supply chain engagement strategy, providing a framework for their supply partners to undertake key steps to show tangible progress to decarbonize before 2030.

Progress – Scope 1 & 2 Emissions

Sodexo YoY scope 1 & 2 emissions are up +0.8%, nonetheless the emissions reduction in absolute value compared to the baseline year 2017 is -29.4%, in line with the Group’s forecasts and trajectory of -34% reduction by 2025.

We are getting closer to reaching our 2025 RE100 commitment with 73% of renewable electricity in our activities, compared to 57.4% in the previous year. However, this increase in renewables is balanced by energy consumption increases in some countries (mainly in the Middle East and India).

In Fiscal 2024, 15 countries, representing 55% of the Group revenues, were sourcing 100 renewable electricity, compared to 9 counties in the previous year.

Progress – Scope 3 Emissions

Sodexo YoY scope 3 emissions decreased by -2.6% and the emissions reduction in absolute value compared to the baseline year 2017 is -16.3%.

The -32.4%, reduction in intensity of the Scope 3 supply chain emission compared to baseline remains significant, confirming the efforts made by the local teams to reduce emissions linked to our Purchased Goods & Services through sustainable eating and food waste initiatives.