Edenred Sustainability Profile
Edenred, a global leader in digital payment solutions, is headquartered in France and operates extensively across Europe, Latin America, and Asia. Founded in 1962, the company has evolved significantly, marking key milestones such as its IPO in 2010 and the acquisition of various fintech firms to enhance its service offerings. Specialising in employee benefits, expense management, and incentive solutions, Edenred's core products include meal vouchers, gift cards, and mobility solutions. What sets Edenred apart is its innovative digital platforms that streamline transactions and enhance user experience. With a strong market position, Edenred serves millions of users and partners with thousands of businesses, solidifying its reputation as a trusted provider in the employee benefits and corporate services industry.
DitchCarbon Score
How does Edenred's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Edenred's score of 90 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Edenred's reported carbon emissions
In 2024, Edenred reported total carbon emissions of approximately 122,140,000 kg CO2e, with emissions distributed across various scopes: 6,649,000 kg CO2e (Scope 1), 1,449,000 kg CO2e (Scope 2), and a significant 114,041,000 kg CO2e (Scope 3). This marks an increase from 2023, where total emissions were about 110,382,000 kg CO2e, indicating a need for enhanced climate action. Edenred has set ambitious reduction targets, committing to a 51.4% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. Additionally, they aim for a 90% reduction in these emissions by 2050. For Scope 3 emissions, the company targets a 55% reduction per million EUR value added by 2030 and a 97% reduction by 2050. The company is also committed to achieving net-zero emissions across its entire value chain by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect Edenred's commitment to addressing climate change effectively. The emissions data and targets are sourced directly from Edenred SE, with no cascaded data from parent organizations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,228,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,868,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 0,000,000 | 0,000,000 | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Edenred's Industry?
How Carbon Intensive is Edenred's Location?
Edenred's Scope 3 Categories Breakdown
Edenred's Scope 3 emissions, which increased by 12% last year and increased by approximately 17% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 57% of Scope 3 emissions.
Top Scope 3 Categories
Edenred's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Edenred has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Edenred's sustainability data and climate commitments