5.1.5 An approach in line with international standards
18.104.22.168 EU green taxonomy
In accordance with European Regulation (EC) 2020/852 of June 18, 2020, on the establishment of a framework to facilitate sustainable investment in the European Union (EU), for the 2021 financial year, Edenred is under the obligation to disclose the proportion of its turnover (i.e., revenue), capital expenditure and operating expenditure derived from products or services related to economic activities that qualify as environmentally sustainable.
The initial assessment of the eligibility of Edenred’s activities was based on the draft Taxonomy and Delegated Act concerning two environmental objectives, namely, climate change mitigation and adaptation. When carrying it out, the Group adopted a methodology that included a detailed analysis of its activities based on processes, existing reporting systems and management assumptions.
The European Green Taxonomy framework currently only covers a limited number of economic activities. To date, the majority of Edenred’s activities do not fall within this framework, but the framework is likely to evolve. The proportion of Edenred’s Green Taxonomy eligible activities could therefore change in the coming years.
Less than 1% of Edenred’s 2021 revenue can be considered eligible based on the two objectives of European Green Taxonomy reporting.
However, thanks to its Ideal approach and certain activities, Edenred is actively involved in the environmental transition needed to achieve international objectives in the fight against climate change and protect natural capital.
22.214.171.124 Solutions that contribute to Sustainable Development Goals (SDGs)
In addressing global issues and meeting public policy objectives, Edenred’s solutions naturally contribute, either directly or indirectly, to the SDGs. Edenred made a significant contribution to two of the 17 goals, dedicating a significant proportion of revenue to achieving the targets set for 2030.