EDENRED (EPA:EDEN) - Edenred unveils its purpose: Enrich connections. For good.

Transparency directive : regulatory news

11/05/2021 15:32

Press release
May 11, 2021

Edenred unveils its purpose:
Enrich connections. For good.

Edenred unveiled its purpose at its General Meeting on May 11, 2021. Defined by
its employees and approved by the Board of Directors, the Group's overriding
goal is to "Enrich connections. For good."

Since it was founded, Edenred has been the everyday companion for people at
work. The Group connects over 50 million users and 2 million partner merchants
in 46 countries via more than 850,000 corporate clients, driving a virtuous
circle through its 250-plus specific-purpose payment programs for food,
mobility, incentives and corporate payments. With the unveiling of its purpose,
Edenred is reaffirming its commitment to creating sustainable value for all its
stakeholders thanks to these connections.

"Enrich connections. For good." brings new light to Edenred's ambition, making
a strong link between the Group's roots, its current position, and the future
that it envisages. This purpose is intended to inform the Group's strategic
decisions and unite its teams by giving meaning to its organization, in line
with its "Ideal" corporate social responsibility policy.

Enrich connections.

"Enrich connections." reflects the Group's expertise in transforming each
transaction into an enhanced experience, into a smart, safe and efficient
connection, while enhancing its value. Indeed, beyond payments, each
transaction, each connection, addresses specific needs to enhance employees'
well-being and purchasing power, improve companies' attractiveness and
efficiency, and vitalize the employment market and the local economy.

For good.

"For good." is a message of progress and the possibility of a better future.
Edenred's solutions have a positive impact on health and well-being. They
support the local economy, protect vulnerable communities and preserve the
environment.

"For good." is also a promise: in a world where many connections are fleeting,
Edenred sets out to form solid, lasting bonds - meaningful, trust-based
connections.

Bertrand Dumazy, Chairman and Chief Executive Officer of Edenred, said:
"Defining our purpose marks a new chapter in Edenred's history, which started
with the invention of the Ticket Restaurant in 1962, and has seen the Group
spread its wings since its establishment in 2010. I would like to thank our
employees for boldly taking up this challenge. Together, we took the time to
think about what brings us together: our values, our strategic ambitions, our
role as an economic player and corporate citizen, our relationships with our
stakeholders, and our CSR policy. We managed to sum up all of these bonds in a
meaningful expression that captures the essence of Edenred as it is today, and
will guide us as we build the Edenred of tomorrow: 'Enrich connections. For
good.'"

"Ideal": 3 commitments that embody Edenred's purpose

Edenred's purpose is embedded in all the Group's strategic thinking. It can be
seen in action in its corporate social responsibility policy, through three
strong commitments.

The Combined General Meeting of Edenred shareholders, which was held in Paris
on Tuesday, May 11, 2021 under the chairmanship of Bertrand Dumazy, Chairman
and Chief Executive Officer, also adopted resolution no. 17 proposed by the
Board of Directors, which notably aims to make the authorization to proceed
with 25% of the free share allocation plan contingent on the achievement of
these criteria, assessed over three consecutive financial years.

A project driven by 10,000 committed employees in 46 countries

The development of Edenred's purpose was a truly collective undertaking,
involving several hundred Group employees around the world.

Launched in April 2020, the project was initially driven by young Edenred
talent taking part in the Group's "Edenstep" graduate program. Participants
were divided into two working groups and asked to reflect on the concept of
purpose, which involved organizing numerous workshops, benchmarks, surveys and
interviews with other employees.

The young graduates then handed the project over to a "mirror group" of some 20
employees representing Edenred's various businesses and geographies, so that
they could provide an operational perspective. Lastly, a larger group of
roughly 300 employees was consulted by means of a questionnaire to establish
Edenred's main assets and strengths in its environment.

While this was taking place, an independent study was conducted to stimulate
the thought process, seeking input from internal and external stakeholders
including clients, partners, public authorities, investors, sociologists and
philosophers.

Watch Edenred's purpose in motion

Our manifesto: Enrich connections. For good.

It all started with a small piece of paper. A voucher.

This is what we first used to connect restaurants and employees.

Since then, we Edenreders never stopped. Connecting here. Connecting on all
continents.

Merchants, users, companies, public authorities, we make connections happen.
But more importantly, we make them matter. Today, they are often temporary, we
make them last. Many are unsafe, we build trust. Because it is about a shared
moment. The joy of a gift. An easier day at work. More freedom on the drive.
New guests in the restaurant.

At Edenred, we believe great connections are an unstoppable force. We channel
them to strengthen businesses and to foster inclusive solutions. We craft local
ecosystems that create more wealth. And more health. Not only for people, but
also for our environment. Better bonds can better life. We give them a purpose:
grow progress.

There is so much we can do with smarter ways to eat, move, care, pay and more,
for people at work.

We look different today as we embrace new technologies.

Still, we will always be a passport for sharing great stories.

By turning networks into net worth, we make people and our planet win.

This is our purpose.
Enrich connections. For good.

To find out more about Edenred's purpose and 2020 highlights, visit the Group's
Integrated Report website.

Edenred is a leading digital platform for services and payments and the
everyday companion for people at work, connecting over 50 million users and 2
million partner merchants in 46 countries via more than 850,000 corporate
clients.

Edenred offers specific-purpose payment solutions for food (such as meal
benefits), mobility (such as multi-energy, maintenance, toll, parking and
commuter solutions), incentives (such as gift cards, employee engagement
platforms) and corporate payments (such as virtual cards).

True to the Group's purpose, "Enrich connections. For good." these solutions
enhance users' well-being and purchasing power. They improve companies'
attractiveness and efficiency, and vitalize the employment market and the local
economy. They also foster access to healthier food, more environmentally
friendly products and softer mobility.

Edenred's 10,000 employees are committed to making the world of work a
connected ecosystem that is safer, more efficient and more responsible every
day.

In 2020, thanks to its global technology assets, the Group managed close to
EUR30 billion in business volume, primarily carried out via mobile
applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the
following indices: CAC Next 20, FTSE4Good and MSCI Europe.

The logos and other trademarks mentioned and featured in this press release are
registered trademarks of Edenred S.A., its subsidiaries or third parties. They
may not be used for commercial purposes without prior written consent from
their owners.

CONTACTS

Communications Department

Emmanuelle Châtelain
+33 (0)1 86 67 24 36
emmanuelle.chatelain@edenred.com

Media Relations

Matthieu Santalucia
+33 (0)1 86 67 22 63
matthieu.santalucia@edenred.com

Investor Relations

Cédric Appert
+33 (0)1 86 67 24 99
cedric.appert@edenred.com

Loïc Da Silva
+33 (0)1 86 67 20 67
loic.dasilva@edenred.com

www.edenred.com

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EDENRED (EPA:EDEN) - Edenred unveils its purpose: Enrich connections. For good.

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