GlobalData offers a comprehensive analysis of Sodexo, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Sodexo‘s ESG performance. GlobalData’s company profile on Sodexo offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Sodexo, a global food services and facilities management company, has set an ambitious target to reach net zero by 2040. The company consistently measures its greenhouse gas emissions, initially focusing on scopes 1 and 2 from 2011, and adding Scope 3 emissions from 2019. In 2022, the company reported a 24% reduction in Scope 1 and 2 Direct GHG emissions and a 27% reduction in Scope 2 Indirect GHG emissions, compared to 2017. Sodexo has committed to a Science Based Targets initiative-approved goal of reducing carbon emissions by 34% in 2025 compared to 2017, aligning with a 1.5°C trajectory from the Paris Agreement. The company reported total Scope 1 emissions of 84,126 tCO2e, while market-based and location-based Scope 2 emissions were 19,822 and 23,010 tCO2e, respectively. The total Scope 3 emissions amounted to 17,531,969 tCO2e.
Sodexo has implemented measures to reduce its emissions and achieve its net-zero targets. The company has invested in renewable energy for its direct operations and aims to achieve 100% utilization by 2025. It is also working on reducing its absolute scope 1 and scope 2 emissions. Sodexo is also focusing on reducing emissions in its supply chain, including purchased goods and services, as well as upstream transportation and distribution. In 2022, the company incorporated the measurement of Scope 3 emissions associated with energy consumption on client sites to complete the computation of its carbon footprint.
In conclusion, Sodexo is actively working to reduce its carbon emissions and achieve net-zero targets. The company is taking steps to decrease emissions in its direct operations and supply chain, investing in renewable electricity to address absolute scope 1 and scope 2 emissions. Additionally, Sodexo is concentrating on emission reduction throughout the supply chain, aligning with its commitment to sustainable growth.