Universal Registration Document Fiscal 2025

Concerning the assessment of impact materiality and financial materiality

Information on the assessment of impact materiality and financial materiality is provided in section 2.2.1.4 Impact, risk and opportunity management of the Sustainability statement.

Through interviews with the Sustainability Department and a review of the available documentation, we reviewed the process implemented by Sodexo for assessing impact materiality and financial materiality, and we assessed its compliance with the criteria set out in ESRS 1.

We also reviewed the decision-making process implemented by Sodexo for assessing impact and financial materiality, and assessed the appropriateness of how this is presented in the aforementioned section of the Sustainability statement.

In particular, we assessed the way in which Sodexo established and applied the information materiality criteria defined by ESRS 1, including those relating to the determination of thresholds, in order to identify the material disclosures published:

• with respect to indicators relating to material IROs identified in accordance with the relevant ESRS topical standards;
• with respect to disclosures specific to the group.

We reviewed the qualitative and quantitative analyses conducted by Sodexo to determine the materiality of impacts with regard to:

• their likelihood of occurrence;
• their magnitude ;
• their scope ;
• and, in the case of negative impacts, their irreversibility.

Compliance of the sustainability information included in the Sustainability statement with the requirements of Article L.233-28-4 of the French Commercial Code, including the ESRS

NATURE OF PROCEDURES CARRIED OUT

Our procedures consisted in verifying that, in accordance with legal and regulatory requirements, including the ESRS:

• the disclosures provided enable an understanding of the general basis for the preparation and governance of the sustainability information included in the Sustainability statement, including the basis for determining the information relating to the value chain and the exemptions from disclosures used;
• the presentation of this information ensures its readability and understandability;
• the scope chosen by Sodexo for providing this information is appropriate; and
• on the basis of a selection, based on our analysis of the risks of non-compliance of the information provided and the expectations of users, that this information does not contain any material errors, omissions or inconsistencies, i.e. that are likely to influence the judgement or decisions of users of this information.

CONCLUSION OF THE PROCEDURES CARRIED OUT

Based on the procedures we have carried out, we have not identified material errors, omissions or inconsistencies regarding the compliance of the sustainability information included in the Sustainability statement, with the requirements of Article L.233-28-4 of the French Commercial Code, including the ESRS.

OBSERVATION

Without qualifying the conclusion expressed above, we draw your attention to the information provided in 2.2.1.1 Basis for preparation of the Sustainability statement which notably specifies the quantitative information not disclosed in the sustainability statement, presented on a partial scope, or subject to estimates and extrapolations.

ELEMENTS THAT RECEIVED PARTICULAR ATTENTION

We set out below the elements that have been the subject of particular attention in relation to our assessment of the compliance of the sustainability information included in the Sustainability Statement with the requirements of Article L. 233-28-4 of the French Commercial Code, including the ESRS.

Information provided in application of environmental standards (ESRS E1)

The disclosures relating to climate change (ESRS E1), notably greenhouse gas emissions and the transition plan, presented in section 2.2.2.1 Climate change of the Sustainability statement.

Our procedures notably consisted in:

• conducting interviews with management, in particular the Sustainability Department, to inquire about the process adopted by the entity to produce this information and to assess it, especially regarding the following issues: climate change mitigation, climate change adaptation, and energy efficiency.
• assessing the appropriateness of the information presented in section 2.2.2.1 aforementioned of the Sustainability Statement and its overall consistency with our understanding of the Group.
• verifying the information disclosed in the Sustainability Statement regarding the approval of the transition plan and greenhouse gas emissions by the company’s management and supervisory bodies.