Edenred
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 71 is higher than 84% 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 2023, Edenred reported total carbon emissions of approximately 109,000,000 kg CO2e, comprising 6,252,000 kg CO2e from Scope 1, 1,560,000 kg CO2e from Scope 2, and a significant 101,443,000 kg CO2e from Scope 3 emissions. This represents a notable increase in emissions compared to previous years, where total emissions were about 16,453,000 kg CO2e in 2021 and 15,790,000 kg CO2e in 2020. Edenred has set ambitious climate commitments, aiming for a 51.4% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. Additionally, they are targeting a 90% reduction in these emissions by 2050. For Scope 3 emissions, the company aims to reduce emissions by 55% per million EUR value added by 2030 and 97% by 2050. Edenred is also committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. These targets align with the Science Based Targets initiative (SBTi) and are designed to meet the requirements for limiting global warming to 1.5°C. The company’s emissions data and targets are not cascaded from any parent organization, indicating that they are independently reported.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,560,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,242,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 97,647,000 | 0,000,000 | 0,000,000 | - | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Edenred is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
