FCA Referral Request Just Eat Takeaway.com N.V.

ClientEarth has submitted a referral request to the FCA alleging that Just Eat Takeaway.com N.V. failed to disclose material climate-related risks and impacts in its 2020 Annual Report. The document argues that Just Eat's reporting is vague, potentially misleading, and fails to provide a fair review of its business or its long-term viability in a net-zero economy. Specifically, it highlights the absence of a Paris-aligned transition strategy and inadequate data on the environmental impact of food packaging and digital operations. ClientEarth requests that the FCA impose financial penalties, issue a public censure, and require the company to rectify its reporting deficiencies.

• Just Eat Takeaway.com N.V.'s 2020 Annual Report contains no reference to climate change, despite the company's material exposure to transitional risks and physical effects of climate change on its food supply chain and operations.
• The company's claims regarding a 'materiality assessment' and a 'strategic responsible business and sustainability framework' are unsubstantiated, providing little to no information on direct and indirect impacts or benchmarks for measuring progress.
• Just Eat's reporting on food packaging is deemed inadequate because it fails to provide data on the types and volumes of packaging sold or the associated carbon footprint, and does not disclose meaningful information on the effectiveness of its sustainable packaging initiatives.
• The document asserts that Just Eat's digital operations contribute significantly to carbon emissions, noting a study where Just Eat performed the worst among peers, with an estimated 138.76 kilograms of carbon dioxide emitted per 10,000 monthly visits.
• Just Eat may be in breach of several FCA Handbook rules (DTRs 1A.3.2R, 4.1.8R, LR 1.3.3R and LR9.8.6(3)R) and the UK Market Abuse Regulation (UK MAR) by omitting material information that could affect the price of its shares.
• The financial statements of Just Eat and the audit performed by Deloitte Accountants B.V. are alleged to have failed to consider climate change-related risks, potentially failing to give a true and fair view of the company's affairs.

APA

ClientEarth (2021). FCA Referral Request Just Eat Takeaway.com N.V. https://www.clientearth.org/media/qxtptmp0/17-08-2021-clientearth-fca-referral-request-justeat-takeaway-com-n-v.pdf

Chicago

ClientEarth. FCA Referral Request Just Eat Takeaway.com N.V. 2021. https://www.clientearth.org/media/qxtptmp0/17-08-2021-clientearth-fca-referral-request-justeat-takeaway-com-n-v.pdf.

Wikipedia

{{cite press release |author=ClientEarth |title=FCA Referral Request Just Eat Takeaway.com N.V. |date=17 August 2021 |url=https://www.clientearth.org/media/qxtptmp0/17-08-2021-clientearth-fca-referral-request-justeat-takeaway-com-n-v.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{clientearth2021fca, author = {{ClientEarth}}, title = {{FCA Referral Request Just Eat Takeaway.com N.V.}}, publisher = {ClientEarth}, year = {2021}, month = aug, url = {https://www.clientearth.org/media/qxtptmp0/17-08-2021-clientearth-fca-referral-request-justeat-takeaway-com-n-v.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }