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    CPG   GB00BD6K4575

COMPASS GROUP PLC

(CPG)
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Compass Group Sets Raft of Net-Zero Commitments

10/15/2021 | 01:07am EST

By Joe Hoppe

Compass Group PLC said Friday that it has made a commitment to reach carbon neutrality in its global operations by 2030 and net zero greenhouse gas emissions across its operations and value chain by 2050.

The U.K.-listed catering contractor said its reductions targets for the next decade--which include a 46% reduction in Scope 1 and 2 greenhouse gas emissions by 2030 from 2019 levels--have been validated by the Science Based Targets initiative.

Specific targets include transitioning its fleet to electric vehicles, switching to renewable electricity, switching menus towards more plant-based proteins, reducing food waste by 50% by 2030, and developing a global deforestation-free and land conversion-free supply chain, the company said.

Compass said it will also use its scale global reach to work with clients, industry associates, governments and suppliers to achieve similar goals, and that its strategy will be delivered through collaboration, innovation and investment across global operations.

"Given the complexity of the global food supply chain as it is today, we do not underestimate the scale of the challenge ahead of us. Radical new collaborations are urgently needed across the entire value chain to make it a reality," Chief Executive Dominic Blakemore said.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

10-15-21 0307ET

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Analyst Recommendations on COMPASS GROUP PLC
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Financials
Sales 2021 18 364 M 24 485 M 24 485 M
Net income 2021 441 M 587 M 587 M
Net Debt 2021 2 654 M 3 538 M 3 538 M
P/E ratio 2021 62,1x
Yield 2021 0,54%
Capitalization 25 929 M 34 530 M 34 571 M
EV / Sales 2021 1,56x
EV / Sales 2022 1,25x
Nbr of Employees 548 143
Free-Float 99,7%
Chart COMPASS GROUP PLC
Duration : Period :
Compass Group PLC Technical Analysis Chart | CPG | GB00BD6K4575 | MarketScreener
Technical analysis trends COMPASS GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 1 453,50 GBX
Average target price 1 642,25 GBX
Spread / Average Target 13,0%
EPS Revisions
Managers and Directors
Dominic Blakemore Chief Executive Officer & Executive Director
C. Palmer Brown Chief Financial Officer & Director
Ian Keith Meakins Non-Executive Chairman
John George Bason Senior Independent Director
Carol Ann Arrowsmith Independent Non-Executive Director
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