How We're Paving the Path to a Greener Future

Edenred has had its targets for reducing greenhouse gas emissions approved by the Science Based Targets initiative. These ambitious targets put Edenred on a trajectory in line with the Paris Agreement objective of limiting global warming to +1.5°C above pre-industrial levels.

The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). SBTi defines and promotes best practice in science-based target setting and independently assesses companies' targets. So this is a really exciting achievement for our group.

On the Path to Net-Zero Carbon by 2050 🚀

Convinced that action by the private sector is crucial to meet the target set by the Paris Agreement, Edenred announced in 2022 its ambition to achieve Net-Zero Carbon by 2050, as part of its Beyond 22-25 Strategic Plan.

Strengthening the Ideal CSR Policy 📊

At this time, the Group also strengthened its Ideal CSR Policy by formalizing key performance indicators, accompanied by quantifiable targets with two milestones in 2030 and 2050.

Joining Over 5,000 Companies in Climate Leadership 🌍

By obtaining SBTi's approval of these targets, Edenred joins over 5,000 companies pioneering this approach. Edenred is committed to:

• 📉 Reducing absolute scope 1 and 2 greenhouse gas (GHG) emissions 51.4% by 2030, and 90% by 2050*, from a 2019 base year. (Scope 1 emissions are direct emissions from owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy.)
• 🌱 Reducing its scope 3 GHG emissions 55% per million EUR value added by 2030 and 97% by 2050, from a 2019 base year. (Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly affects in its value chain. An organization’s value chain consists of both its upstream and downstream activities.)

*The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Our Plan to Achieve These Targets 🎯

In order to achieve these ambitious targets, Edenred has put in place a concrete plan to reduce its carbon emissions that covers:

• The energy consumption of buildings 
• The reduction of the environmental footprint of IT equipment and servers 
• The adoption of a sustainable procurement policy 
• The elaboration of an ethics charter for its suppliers 

Supporting Clients in the Transition to a Greener Future 💡

In addition to reducing its own carbon emissions, Edenred, being aware of its own role in its ecosystem, supports its customers in their transition by offering them more environmentally-friendly ‘eco-services,’ encouraging the shift to a more sustainable mobility, and combating food waste.

A Message from Flore Cholley, Edenred's ESG and Sustainable Development Director 📣

"Edenred has always been convinced that economic performance and social, societal, and environmental performance go hand in hand. The approval of our carbon emissions reduction targets by SBTi marks a crucial step for the Group as it recognizes our commitment to sustainable growth and value creation that benefits all stakeholders. This is in line with our purpose, ‘Enrich connections. For Good.’ We are determined to continue our efforts to meet these ambitious targets and to involve our customers and partners in this responsible approach."

The approval of the SBTi demonstrates how important this is to us as an organization and the concrete action plans we have in place to achieve our targets. It is something we are incredibly proud of, and we invite you to join us as we continue our efforts to meet our ambitious targets and to involve our customers and partners in this responsible approach.

If you’re passionate about driving positive environmental impact and want to be part of a team dedicated to making a difference, explore career opportunities with us and join our journey to a greener tomorrow.