2021 UNIVERSAL REGISTRATION DOCUMENT

For the first two objectives of the EU Taxonomy relating to climate change, a given economic activity is eligible under the EU Taxonomy if it is already low carbon (based on its “own performance”), if it contributes to reaching a net-zero emissions target by 2050 (“transitional activity”), or if it enables other activities to reduce their CO₂ emissions (“enabling activity”). To be aligned with the EU Taxonomy, an economic activity must be eligible and also meet the technical screening criteria and minimum social safeguards stipulated in the regulation.

A first estimate shows that 36% of VINCI’s revenue and 32% of its CapEx are eligible under the first two objectives of the EU Taxonomy. OpEx as defined in the Taxonomy Regulation accounts for less than 10% of the Group’s total OpEx, which is not representative of its business model. Further analysis would not have resulted in a significant amount of eligible OpEx based on the EU Taxonomy, so the indicator is considered as immaterial.

 Revenue, CapEx and OpEx of eligible (*) activities by business line at 31 December 2021

(*) Excluding the impact of the Cobra IS acquisition on 31 December 2021.

(**) CapEx and OpEx indicators as defined in the note about the reporting methods used by VINCI, p. 262.

This highlights the significant impact of the expertise of VINCI Construction, VINCI Energies and VINCI Immobilier in the ecological transition, but does not reflect the intense efforts made by the Group’s Concessions businesses to reduce their greenhouse gas emissions (see paragraph 3.2, “Acting for the climate”). In 2021, Air Liquide, TotalEnergies and VINCI joined forces with other large international companies to create the world’s largest fund dedicated to clean hydrogen infrastructure solutions. The fund has already secured commitments of €800 million, with a goal of reaching €1.5 billion. The aim of this initiative to accelerate the growth of the clean hydrogen ecosystem by investing in large strategic projects, while reaping the benefits of its alliance between industrial and financial players.

This initial assessment was conducted based on a detailed analysis of the Group’s businesses, taking into account existing processes, reporting systems and management assumptions. The significant elements of this methodology – assumptions and interpretations, methodological clarifications and limitations – are described in the note about the reporting methods used by VINCI, pages 258 to 262. The Group will revise this methodology and the corresponding figures in line with regulatory changes, in particular with the publication in 2022 of the delegated acts on the other four environmental objectives.

3.1.2.2 Labels and environmental solutions

VINCI aims to bring its suppliers, subcontractors, partners and customers on board to reduce their environmental impact by offering them environmental solutions. These solutions integrate eco-design into Group operations and also involve new service offerings that benefit the environment.

€5.2bn in projects awarded environmental certifications and labels in 2021

The number of certified projects is growing year by year, enabling the Group to widely demonstrate its expertise and how it embeds environmental sustainability into its operations. Since 2010, nearly 4,000 projects have been awarded certifications and labels, for a total volume of €41.6 billion. In 2021, the volume of business represented by projects having earned internal or external certifications or labels amounted to €5.2 billion for 299 projects delivered by VINCI Construction and VINCI Immobilier:

• – VINCI’s new head office, l’archipel, handed over at the end of 2021, is certified NF HQE™ Exceptionnel and BREEAM® Excellent, but also under the Cradle to Cradle® programme, and has obtained the Effinergie label as well as an Energy 2 and Carbon 1 rating (excluding high-rise buildings) under the E+C– label for positive-energy, low-carbon buildings.
• – VINCI Construction encourages all low-carbon construction standards for the structures, facilities and infrastructure that it designs and builds. The design of certain buildings in the Universeine complex in Saint-Denis aims to obtain an Energy 2 and Carbon 2 rating under the E+C– label, along with high-level certifications and ratings for new office buildings, such as NF HQE™ Bâtiment durable, BREEAM® Excellent and BiodiverCity. For Vilogia in Metz, VINCI Construction is building a complex comprising eight timber-frame detached houses and two residences with a total of 98 units. With facades featuring wooden slats secured to a metal structure, the complex aims to obtain NF Habitat HQE™ certification as well as the E+C− and PassivHaus labels (for the senior residence).® ;
• –  Eurovia France is participating in Ulterïa, a unique project in Europe. The idea is to create an eco-community in east-central France, built in line with Cradle to Cradle® principles. This label aims to ensure that the construction and life cycle of buildings have a neutral environmental footprint until their potential demolition;
• – All of VINCI Immobilier’s residential properties meet NF Habitat HQE™ standards, while most of its office projects are HQE® and/or BREEAM® certified. At the 2021 Pyramides d’Argent awards for regional property programmes, Les Balcons de la Villa Marina in south-east France won the Prix du Bâtiment Bas Carbone, a low-carbon building prize, and the Ovelia residence in Clermont-Ferrand won the Prix de la Conduite Responsable des Opérations, recognising responsible operations management.
• – For VINCI Autoroutes, each time contracts are renewed for commercial installations at its service areas, HQE®, BREEAM® or LEED® requirements are incorporated.