This policy is supported by all teams in 45 countries. It is embodied through an annual action plan and several team events: the Idealday solidarity day and the Edenraid connected sports challenge.
In 2022, as part of preparations for the Beyond plan, Edenred updated its 2017 materiality matrix through a “double materiality” assessment, which measures both financial and impact materiality.
The exercise confirmed the focuses of the People, Planet and Progress pillars and highlighted the following 16 priority issues in 5 categories:
- Governance: IT security, personal data, and business ethics;
- Employees: talent management, promotion of diversity, and skills development;
- Environment: the fight against climate change, supply chain decarbonization, development of eco-designed solutions, promotion of sustainable mobility, and healthy and sustainable food;
- Clients: customer satisfaction, innovation, accessibility;
- Societal impact: socio-economic impact of solutions, socio-economic impact on regions and communities.
ESG performance
Main ESG ratings as of July 27, 2023
| Organization |
Rating |
|---|
| CDP – Climate |
B |
|---|
| FTSE4Good |
3.7/5 |
|---|
| ISS ESG |
C+ Prime |
|---|
| MCSI ESG Ratings |
AA |
|---|
| S&P Global |
72/100 |
|---|
| S&P Global Ratings – sollicited |
79/100 |
|---|
| Sustainalytics |
16.8 |
|---|
| Moody's ESG Solutions |
64/100 |
|---|
| Ecovadis |
68/100 |
|---|
| Axylia – Vérité 40 index |
A |
|---|
Since 2011, Edenred has been listed continuously in the FTSE4Good index, a proof of the Group's commitment to social and environmental responsibility.
In February 2022, the Group was also named an “Industry Mover” in S&P Global's 2022 Sustainability Yearbook, which places the Group among the top 15% of its industry in terms of ESG.
In March 2022, Standard & Poor's Global Ratings assigned Edenred an ESG (environmental, social and governance) rating of 79/100. This score, which is 11 points above the global average, is based on a thorough and rigorous assessment of the company's management of long-term ESG risks.
Moreover, Edenred joined in September 2022 the Paris stock exchange’s Euronext CAC 40 ESG index, taking its place alongside other companies demonstrating outstanding ESG practices.
As a signatory of the United Nations Global Compact initiative, Edenred integrates social and environmental dimension to its solutions so they are aligned with the Sustainable Development Goals (SDGs) set by the United Nations for 2030. Edenred contributes to 12 of these global goals, through the three axes of its CSR policy.
During the General Meeting held on May 11, 2021, Edenred unveiled its purpose, “Enrich connections. For good.". Defined with the Group's employees and approved by the Board of Directors, it brings together strong values, an ambitious strategy, virtuous relationships with stakeholders and a CSR approach at the heart of its DNA.
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