Sodexo outlines its plan to promote social and environmental commitments through its "Better Tomorrow Plan". The plan focuses on contributing to local communities, developing employees, promoting health and well-being, and protecting the environment. Sodexo provides services in 80 countries, employs over 400,000 people, and serves 75 million consumers daily. The document discusses Sodexo's strategies to integrate social responsibility into its operations and engage stakeholders to build its reputation.
6. BETTER TOMORROW PLAN
OUR SOCIAL & ENVIRONMENTAL COMMITMENT
6 –
our Corporate Social Responsibility road map,
setting our social and environmental commitments
around 4 priorities
Contributeto
local communities
Develop our
employees and
promote diversity
Promote nutrition,
health and well-being
Protect the
environment
7. Global DJSI Industry Leader
for 10 years in a row
RATINGS AND REPUTATION
0 50 100
Economic
Environment
Social
Overall
Sodexo
Industry Avg
Carbon Disclosure Project
(Sodexo reports to CDP’s climate change &
forests programs)
7 –
GLOBAL COMPACT
For the third time Sodexo has
qualified for the Global Compact
Advanced level, meeting all 24
criteria.
11. Value is based on your relationships with
■Customers
■Employees
■Owners/Investors
■Suppliers
■Competitors
■Communities
■Government agencies/regulators
INTANGIBLE ASSETS
11 –
12. To improve company valuation,
improve relationships with stakeholders.
Good stakeholder relationships are necessary
for and lead to a Sustainable Corporation
THEREFORE…
12 –
13. MCKINSEY GLOBAL SURVEY 2014
management of
corporate reputation for
sustainability
• increasingly
important to
executives
• highest value-
creation potential for
their industries over
the next five years.
14. Needed for quality income
Necessary to get low cost of capital
Critical to hire/retain the best employees
Gets you through rough times
Avoids commodity pricing/builds value added
REPUTATIONAL CAPITAL (BRAND EQUITY = GOODWILL)
14 –
15. 15
70% of market value (avg)
80% for S&P 500 Companies
90% for technology companies
INTANGIBLE ASSETS – MORE THAN MEETS THE EYE
Brand Finance
Monks/Lajoux, Corporate Valuation
16. Company Market value Balance sheet
assets
Goodwill
Microsoft $279 billion 33.7% 66.3%
Best Buy $26.3 billion 39% 61%
Starbucks $27.8 billion 12% 88%
Goldman Sachs $61.7 billion 1.1% 98.9%
Burlington Northern and
Santa Fe
$29.2 billion $30.3 billion (103%) None
Caterpillar $49 billion 95.9% 4.1%
Apple $58 billion 19.8% 80.2%
2005: BEFORE THE CRASH
16 –
18. THEORY OF THE MORAL FIRM
(self interest considered upon the whole)
Reputational
Capital
Social
Capital
Financial
Capital
Physical
Capital
Human
Capital
Conversion
Process
Output
(Goods/
Services)
Customers
$$$
Sustainable
profits;
maximum
value
INPUTS
RETURN ON CAPITAL
(preserve adequacy of capital inputs)
18 –
19. The Social Responsibility of Business is to Increase its
Profits
There is one and only one social responsibility of business–
to use its resources and engage in activities designed to
increase its profits so long as it stays within the rules of the
game, which is to say, engages in open and free competition
without deception or fraud.
Milton Friedman, 1970, New York Times Magazine
MILTON FRIEDMAN
19 –
20. MILTON FRIEDMAN
The Social Responsibility of Business is to Increase its
Profits
There is one and only one social responsibility of business–
to use its resources and engage in activities designed to
increase its profits so long as it stays within the rules of the
game, which is to say, engages in open and free competition
without deception or fraud.
That responsibility is to conduct the business in accordance
with their desires, which generally will be to make as much
money as possible while conforming to the basic rules of the
society, both those embodied in law and those embodied in
ethical custom.
Milton Friedman, 1970, New York Times Magazine
20 –
21. THEORY OF THE MORAL FIRM
(self interest considered upon the whole)
Reputational
Capital
Social
Capital
Financial
Capital
Physical
Capital
Human
Capital
Conversion
Process
Output
(Goods/
Services)
Customers
$$$
Sustainable
profits;
maximum
value
INPUTS
RETURN ON CAPITAL
(preserve adequacy of capital inputs)
21 –
25. 1. ALIGNMENT WITH YOUR CORE BUSINESS MODEL
Our Vision 2020
Financial
Objectives
Expand premium offer to
capture higher profit sales
Increase sales volume of
existing customers
Improve margins Reduce DSOs
Ensure compliance
Operational
Objectives
Identify best practices
Integrate best practices
throughout company
Increase market share Reduce raw materials costs
Reduce transportation
costs
Reduce lost time accidents
Reduce fines/mediation
Sales
Objectives
Expand share of business
with existing clients
100 percent retention of
existing clients
Win new business Competitive analysis
Cultural
Objectives
Attract / hire / retain the
best talent
Culture of continuous
Improvement
Align HR processes and
incentives with desired
outcomes
Increase productivity
Reduce turnover
25 –
26. 1. ALIGNMENT WITH YOUR CORE BUSINESS MODEL
CR objectives
Businesspriorities
32. Influence
How our values are integrated into
business
Actions
How we live our values
Expertise
How we encourage others to adopt
Brand promise of standards/innovations
Be the benchmark for Operational Excellence
Our culture as differentiator
Brand promise standards/innovations
Be the benchmark for Operational Excellence
Leverage the strength of our people
Our culture as differentiator
Promise Plan Program Performance
• Business
practices
(labor, d&I,
etc.)
• Food
Industry
• Supply chain • 18
Commit-
ments
• Goals
• Timelines
• Milestones
• Initiatives
• Programs
• Efforts
• Measurement
• Reporting
• Third party
validations
• Drive client actions
• Drive customer decisions
• Drive public
awareness/expectations
• Behavior change
Health &
Wellness
• Suppliers/partners
creating alternative
ingredients;
ensuring a market
for these new
products
• Research based
• Health &
Wellness
Solutions
• Varied &
Balanced
Food
Options
• Reduced
Intake of
Sugar, Salt
and Fats
• Dietitian
Expert
Network
• 10 Golden
Rules
• Recipe co-
development
• Expertise
• Public
engagemen
t
• USDA food
guidelines
• Percent of
accounts w/
dietitians
• % offering MN
• Bucket list
• Results
releases
• Outcome
Results
• Partnership for a Healthier America
Environment • WasteLESS Week • Sustainabl
e supplies
• Energy &
Emissions
• Water &
Effluents
• Materials &
Waste
• Site Wins
(best
practices)
• Value Chain
• Grow energy
business
• WasteWatch
• Endocube
• EquiLulnch
• Take One!
• WasteLESS Week
• Case Studies
• Pilot Programs
• Universal Roll Out
• International Food Waste Coalition –
founding member
Local
communities
• Safety training
• Quality training
• Expertise sharing
• Access to markets
• Economic
empowerment
• Standard of Living
• Quality of Life
• Stop
Hunger
• Local
community
developme
nt
• Fairly
Traded
Certified
• Engage
suppliers
• Social, env &
economic
development
• Economic
development
•Supply
Chain
Inclusion
Program
• # and % of
SMEs
• % of spend
shared with
SMEs
• Access to markets
• Increasing markets
34. SUPPLY CHAIN INCLUSION PROGRAM
Launched in 2013
All countries will develop strong and sustainable
relationships with suppliers in at least one of the following
categories:
• Small and Medium Enterprises (SME’s), including social
and micro-enterprises;
• Suppliers from minority and other under-represented
and/or protected groups, with an emphasis on women-
owned businesses;
• Major Sodexo suppliers demonstrating a diverse workforce
composition, actively embracing diversity and inclusion
and promoting local supply chain inclusion.
34 –
35. SUPPLY CHAIN INCLUSION PROGRAM
Sodexo set 2020 targets for supply chain inclusion based on
progress to date, including:
• 26 countries have specific initiatives to integrate SMEs
(Small and Medium Enterprises) into their supply chains;
• 148 active agreements are in place with local communities,
clients, NGOs and associations to promote inclusion of
SMEs in Sodexo’s supply chain;
• 7 countries have a system in place to track which of their
suppliers are SME's (Small and Medium Enterprises);
• 20 countries have conducted Diversity and Inclusion
training for supply team members.
35 –
38. 5. MAXIMIZE STAKEHOLDER ENGAGEMENT
Simple, clear, direct messages
• Does not ‘talk down’ or ‘shame’
them for prior behavior
Positive reinforcement
• Show them WHAT they can do
• Tell them HOW
• Show them WHY it matters - that
they CAN make a difference with
customizable messages about
what they have done and
achieved
Make it fun, interesting
38 – Title of the document or activity name – Month XX, 2012 – Insert tab > Header/Footer
40. MAXIMIZE STAKEHOLDER ENGAGEMENT – WHAT DO
WE WANT THEM TO DO?
40 –
Stakeholder Group Desired Outcome Approach
Site Managers
Think: This is an important opportunity to
engage my client and inspire my team
Feel: Enabled, supported and confident
Do: Engage client, lead team
Make it easy, inspiring and
effective
Employees
Think: Sodexo cares about sustainability
Feel: Proud, this is fun
Do: Run the week, participate, engage
consumers
Make it fun, make it simple
Clients
Think: This adds value to my organisation
Feel: Sodexo are helping me achieve my
objectives
Do: Give permission and support, engage
with manager post WasteLESS week
Make it effective
Show clear benefits
Consumers
Think: Sodexo cares about sustainability
and is taking action
Feel: This is fun and inspiring,
sustainability can improve my quality of life.
Do: Participate, change behaviors
Make it fun but also meaningful
and relevant, show me the
impact I've made, show me that
I'm not the only one doing this