Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Economic vitality
• Environmental sustainability
• Ethical business practices
• Stakeholder engagement

Environmental Achievements

• 2% reduction in paper used for vouchers and brochures or in offices compared with 2016
• 86% of Group countries (in business volume) use environmentally friendly paper for vouchers
• Reduced greenhouse gas emissions by 64% and cuts the use of natural resources by 86% by shifting to digital cards

Social Achievements

• Supported 188 associations with €1.86 million in donations
• 586 days dedicated to volunteer work by employees
• Improved employee eating habits through the FOOD program
• Launched the Edenraid sporting challenge to support the Make-A-Wish® Foundation
• 84% of employees attended at least one training course during the year

Governance Achievements

• 40% women on the Edenred Board of Directors
• 90% independent directors
• Three committees (Audit and Risks, Compensation and Appointments, Commitments) to assist the Board of Directors

Climate Goals & Targets

Environmental Challenges

• Reducing environmental footprint
• Improving employee well-being
• Vitalizing the economy and local employment
• Boosting companies’ agility by optimizing their expense management
• Inventing the solutions of tomorrow through co-construction

Mitigation Strategies

• Implementing a new sustainable development policy based on three pillars (People, Planet, Progress)
• Investing in digital solutions to reduce paper consumption and improve efficiency
• Supporting local merchants and creating jobs through Employee Benefits and Fleet & Mobility Solutions
• Developing innovative solutions for corporate payment and expense management
• Co-constructing solutions with stakeholders, entrepreneurs, and employees

Supply Chain Management

Responsible Procurement

• Use of environmentally friendly paper for vouchers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI 9 guidelines, United Nations Global Compact

Certifications: ISO 50001 (in one country)

Sustainable Products & Innovation

• Digital solutions replacing paper vouchers
• Mobile payment applications

Awards & Recognition

• Gold Award for Best Shareholder Services
• Bronze Award for Best Shareholder Relations
• Transparency Grand Prize (four years in a row)
• Emerging Payments Awards (four awards for PPS)

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Local economic development
• Expense management optimization for companies
• Innovation through co-construction
• Environmental sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Launched Edenstep graduate program offering young graduates opportunities in international positions.
• Promoted employee well-being through initiatives focusing on healthy eating, exercise, and overall well-being.
• Organized Idealday, an international day for local communities, with 8,000 employees participating in 45 countries.

Governance Achievements

• Published first Integrated Report demonstrating sustainable value creation for stakeholders.
• Launched new CSR policy, "People, Planet, Progress", focusing on improving lives, preserving the planet, and creating value responsibly.

Climate Goals & Targets

Environmental Challenges

• Unfavorable exchange rates, particularly in Latin America.

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Quality of life
• Environmental protection
• Responsible value creation
• IT security and data privacy
• Diversity
• Business ethics
• Labor and human rights
• Energy and climate change
• Client satisfaction
• Governance
• Talent management
• Employee engagement and well-being
• Sustainable and healthy food promotion
• Resources and waste management
• Accessibility to Edenred’s solutions
• Eco-conception and circular economy
• Sustainable mobility promotion
• Local adaptation
• Social and economic contribution
• Responsible procurement

Environmental Achievements

• 30% reduction in GHG emissions since 2013
• 14% of solutions available in eco-designed formats
• In France, materials from used cards (98.4% plastic and 1.6% metal) are recycled to make new products.

Social Achievements

• Launched employee well-being programs (e.g., Edenred Heroes Challenge, IdealDay, Edenraid)
• €1,000 in additional annual purchasing power for users of Ekivita in Belgium
• 7,000 corporate clients and 5 million employees use ProwebCE in France
• Donated 20,000 meal vouchers for homeless people in France
• Provided food vouchers to families in the UK whose children usually eat for free at school

Governance Achievements

• Board of Directors with 40% women and a high percentage of independent directors
• Three committees (Audit and Risks, Compensation and Appointments, Commitments) to ensure responsible growth
• Established a “More than Ever” fund to alleviate the consequences of the Covid-19 crisis for vulnerable colleagues and restaurant owners
• Tied social and environmental performance criteria to one of its financing instruments

Climate Goals & Targets

Environmental Challenges

• Financial risks (exchange rate fluctuations, client payment defaults)
• Legal risks (changes in laws and regulations)
• Information systems and cybercrime risks
• Group strategy and competitive environment risks
• Operational risks (business continuity, payment security)

Mitigation Strategies

• Balancing business model across regions and market segments
• Regular contact with stakeholders, training for subsidiaries
• Cloud-based services, back-up systems, cybersecurity program
• Innovation and competitive differentiation, expansion into new markets
• Centralized transactions, improved payment security

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 2 – Zero Hunger
• SDG 11 – Sustainable Cities and Communities
• SDG 3 – Good Health and Well-Being
• SDG 17 – Partnerships for the Goals

The report mentions alignment with 12 of the 17 UN SDGs

Sustainable Products & Innovation

• Eco-designed solutions
• Mobile payment solutions
• Commuter Benefits program
• Cycle2Work program
• Mobility program

Awards & Recognition

• Silver Award for Best Shareholder Services from Le Revenu
• Award for Best General Meeting 2019 from France’s Institute for Responsible Capitalism

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Progress

Environmental Achievements

• 26% reduction in greenhouse gas emissions compared with 2013 (target 52% by 2030)
• 10,000 metric tons of CO2 equivalent emissions offset
• 500,000 metric tons of emissions avoided in the United States (through Commuter Benefits)
• 13% of solutions eco-designed
• Zero net paper from 2021 (target 70% eco-designed or recycled solutions by 2030)

Social Achievements

• Launched a €15 million “More than Ever” relief plan to protect vulnerable stakeholders, supporting >60 initiatives in 25 countries
• 748 days of volunteering and 182 non-profits supported
• Improved quality of life for over 50 million users
• 83% of employees on average attended at least one training course during the year (target 80% by 2022, 85% by 2030)
• 40% of managers are women (target 40% of executive positions by 2030)
• 51% of employees are women

Governance Achievements

• Board of Directors with 90% independent members and 40% women
• Indexed financial conditions of a financing instrument to environmental and social targets
• Regular engagement with the financial community, reaching 1,425 representatives from 413 international financial institutions

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacting business operations and stakeholder well-being
• Client defaults in regions affected by economic crisis
• Risk of fake or fraudulent voucher use

Mitigation Strategies

• Faster digitalization of solutions to ensure business continuity
• Inclusion of higher risk of client defaults in forecasts
• Use of digital media and fraud prevention mechanisms to mitigate voucher fraud

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Physical risks related to climate change

Transition Risks

• Transition risks related to climate change

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (12 of 17)

UN Sustainable Development Goals

• 12 of the 17 UN Sustainable Development Goals

Ideal policy addresses 12 of the 17 UN SDGs

Sustainable Products & Innovation

• Eco-services such as Ticket EcoCheque

Awards & Recognition

• Silver Trophy for Best Digital Communication in the SBF 120 stock market index (March 2021)

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Progress

Environmental Achievements

• 26% reduction in greenhouse gas emissions intensity compared with 2013 (in sq.m) (target for 2022)
• Close to 45,000 metric tons of CO2 equivalent emissions offset since 2012
• 500,000 metric tons of emissions avoided in the United States (estimate based on 2019 data)
• 19% of solutions eco-designed

Social Achievements

• Proportion of women in executive positions rose from 21% in 2017 to 34% in 2021
• More than Ever relief fund supported 83 initiatives in 25 countries
• Close to €3 million in direct, indirect and in-kind donations and volunteer work
• 1,519 days of volunteering
• 85% of employees on average attended at least one training course in the last 5 years

Governance Achievements

• 25% of free share allocation plans contingent on achievement of CSR targets
• €1.1 billion of Edenred’s funding tied to CSR indicators
• Board of Directors with 91% independent members and 45% women members

Climate Goals & Targets

Environmental Challenges

• Impact of the health crisis
• Competitive pressure
• Currency fluctuations
• Client default
• Changes in local laws and regulations
• Cyberattacks
• Information systems resilience and personal data protection
• Climate risks (impact of carbon taxes on work-related mobility)

Mitigation Strategies

• Fast-paced digitalization of solutions
• Effective implementation of remote working for nearly 95% of the workforce
• Expanding Beyond Fuel services, including electric vehicle charging
• Developing sustainable mobility eco-services
• Dedicated cybersecurity program
• Updated charter of ethics
• New internal whistleblowing process
• Strengthened anti-corruption training system

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Physical risks related to climate change

Transition Risks

• Transition risks related to climate change

Opportunities

• Opportunities to differentiate from the viewpoint of employee users and partner merchants
• Support for eco-mobility and the ecological transition

UN Sustainable Development Goals

• 12 of the 17 UN Sustainable Development Goals

Contributions via solutions, CSR policy, and knock-on effects of solutions

Sustainable Products & Innovation

• Paperless, plasticless Ticket Restaurant
• Eco-designed solutions
• Solutions promoting green transportation

Awards & Recognition

• Responsible Strategic Plan Award (KPMG and EIM)
• Best Place to Work (Mexico, Brazil, UAE)
• Top Employer (France)
• Gender Balance and Diversity Award (Institut du Capitalisme Responsable)
• Grand Prix de la Transparence (Website category)
• Silver Trophy for Best Digital Communication (Le Revenu)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Social Impact
• Data Privacy & Security

Environmental Achievements

• 51% reduction in GHG emissions/sq.m compared with 2013 (scopes 1 & 2)
• 31% of solutions eco-designed
• 500,000 metric tons of emissions avoided in the United States
• 6.5 million eco-designed cards in circulation

Social Achievements

• 2,347 days of volunteering and 251 local associations supported
• 86% of employees trained
• 58% of merchants and users made aware of balanced nutrition and food waste
• Internal mentoring network for women

Governance Achievements

• Inclusion in the CAC 40 ESG index
• 80% of Board members independent, 50% women
• Updated anti-corruption policy
• Strengthened cybersecurity network and processes

Climate Goals & Targets

Environmental Challenges

• Currency fluctuations
• Client default
• Changes in local laws and regulations
• Cyberattacks
• Competitive pressure
• Business continuity
• Voucher fraud
• Impact of carbon taxes

Mitigation Strategies

• Continuous strengthening and updating of prevention and training systems
• Proactive programs and policies for data protection and cybersecurity
• Development of more environmentally friendly solutions (Beyond Fuel strategy)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Impact of carbon taxes on work-related mobility

Opportunities

• Development of more environmentally friendly solutions

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), UN Sustainable Development Goals

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Contributes to 12 of the 17 UN Sustainable Development Goals

Sustainable Products & Innovation

• Eco-designed cards
• Digital meal benefit solutions
• EcoCheque program
• Move for Good program

Awards & Recognition

• Inclusion in CAC 40 ESG index
• Industry Mover in the 2022 S&P Global Sustainability Yearbook
• Special jury’s prize in the CAC Next 20 category at the 2022 Best Shareholder Relations Awards

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced scope 1 and 2 emissions by 20.3% in absolute value since 2019

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Slight increase in scope 3A emissions (3.8% since 2019) due to rapid business growth

Mitigation Strategies

• Intensifying efforts to mitigate scope 3A emissions through enhanced supplier engagement, stricter business travel policy, and encouraging eco-friendly commuting.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GHG Protocol

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed