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 2025, performance indicators that highlight the proportion of its eligible and aligned revenues, investments (CapEx), and operating expenditure (OpEx) associated with economic activities considered to be sustainable within the meaning of this regulation(1) for the six sustainability objectives mentioned in article 9 of EU regulation 2020/852:
An economic activity is considered as “eligible” if it is included in the list of activities described in the Taxonomy delegated acts.
An activity becomes “aligned” when it meets all the technical screening criteria, consisting of specific conditions and performance objectives necessary to demonstrate substantial contribution to one of the six environmental objectives; does not significantly harm the other environmental objectives ("DNSH"); and if the Company complies with the minimum safeguards related to human rights, corruption, taxation and fair competition.
The financial information used to conduct this 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 Sustainability and Finance teams, in order to ensure consistency of the decisions regarding eligibility and alignment, as well as consistency with Fiscal 2025 consolidated revenue, investments and operating expenses.
Taxonomy indicators for Fiscal 2025 are summarized below:
| REVENUES (%) FISCAL 2025 | CAPEX (%) FISCAL 2025 | |
|---|---|---|
| Eligible | Eligible REVENUES (%) FISCAL 2025 2.3% |
Eligible CAPEX (%) FISCAL 2025 24.2% |
| Aligned | Aligned REVENUES (%) FISCAL 2025 0.0% |
Aligned CAPEX (%) FISCAL 2025 0.0% |
Sodexo carried out a review of its activities in the countries representing more than 92% of revenues and around 88% investments (CapEx), with a view to determining which ones are likely to be eligible within the meaning of the EU Taxonomy and its delegated act for the six sustainability objectives on the Taxonomy.
As of today, only some Facilities Management services provided by Sodexo are included in the EU Taxonomy:
Based on existing reporting processes, systems and estimates formulated by management and the subsidiaries, 2.3% of consolidated revenues(2), have been identified as eligible in the meaning of the Taxonomy, similar to Fiscal 2024. It corresponds to an amount of 542 million euros of eligible revenues out of a total of 24,074 million euros of the Group revenues.
Sodexo’s eligible CapEx includes:
The eligible CapEx identified mainly corresponds to increase of right-of-use assets related to leases on buildings and vehicles, associated respectively with the taxonomy activities "Acquisition and ownership of buildings" and "Transport by motorbikes, passenger cars and light commercial vehicles".
