2021 UNIVERSAL REGISTRATION DOCUMENT

Along with their institutional partnerships, VINCI companies engage in continuous dialogue with stakeholders (see paragraph 2.1.4, “Relations with external stakeholders and procedures for dialogue with them”, page 195). They strengthen communication with local residents near worksites, through information meetings, improved signposting, worksite visits and new communication channels:

• – In 2020, the concession company Lima Expresa set up the Movemos foundation for sustainable mobility. It focuses on three areas of action: sustainable transport, road safety and environmental protection. In 2021, Lima Expresa organised a clean-up and cactus planting campaign on the banks of the Rímac river, in partnership with Servicio de Parques de Lima (Serpar), the municipal parks department;
• – As part of its work to reduce noise pollution for local residents, VINCI Airports publishes information on flight paths and the results measured by its noise monitoring systems online. London Gatwick airport publishes its air quality monitoring data in its Decade of Change sustainability report (https://www.gatwickairport.com/business-community/sustainability/reports);
• – Eurovia has developed a website, www.infochantier.fr, to communicate more easily with people living near many of its worksites in France. In 2021, the tool was used at the Reynerie worksite in a dense residential area in Toulouse;
• –  Group entities structure their action in the local community based on social and environmental issues. Sogea-Satom Equatorial Guinea has pledged to plant trees at the Bata campus of the National University as part of the World Day to Combat Desertification and Drought. Sogea-Satom Senegal has set up an organic vegetable garden at one of its offices and will distribute its produce to the company’s employees. VINCI Construction Grands Projets staff collected nearly 400 kg of polluting waste from a mangrove in the United Arab Emirates.

Other partnerships are mentioned in paragraphs 3.2, “Acting for the climate”, 3.3, “Optimising resources thanks to the circular economy” (page 221) and 3.4, “Preserving natural environments” (page 226).

In addition to partnerships, Group companies engage in sponsorship initiatives to meet local needs. Eurovia has sponsored the Biodiversity Tour de France since 2014. In 2021, the tour stopped at the Quillan quarry in south-west France. The site has been operating since the late 1970s, and new plant and wildlife species have developed there thanks to the wide range of habitats it offers.

3.2 Acting for the climate

Climate change is a reality: global temperatures have risen by more than 1°C compared with pre-industrial levels, leading to more frequent and more intense extreme weather events each year. According to the climate models published by the Intergovernmental Panel on Climate Change (IPCC) in relation to the RCP 6.0 and RCP 8.5 scenarios, current production and consumption practices could see temperatures rise by around 3.5°C to 5°C by the end of this century, resulting in major and irreversible shifts that could affect all aspects of society. The IPCC’s Special Report on the impacts of global warming of 1.5°C above pre-industrial levels details the consequences for people and the planet even if emissions are reduced considerably, while the first instalment of its Sixth Assessment Report presents the most compelling evidence to date that human activities are causing climate change.

The transport infrastructure and construction sectors in which VINCI operates account for more than 50% of annual greenhouse gas emissions and are also significantly exposed to risks associated with climate change. Climate risk has been included in the Group’s risk analysis for several years (see chapter D, “Risk factors and management procedures”, page 158). VINCI has also carried out in-depth analyses to better assess and manage climate-related risks relating to its activities (see the Group’s duty of vigilance plan, paragraph 4.4.1, “Mapping of the Group’s major risks”, page 250).

Acting for the climate requires a transformation of the Group’s activities by optimising its energy consumption and promoting widespread use of renewables to reduce its dependence on fossil fuels. This also means rethinking the way its projects are conceived and designed so as to develop more resilient, low-carbon and energy-efficient buildings and infrastructure. In addition, new solutions need to be created that will transform mobility, housing and lifestyles to help its customers and end users reduce their carbon footprint. With this end in view, VINCI has made three fundamental commitments:

• – reduce its direct greenhouse gas emissions (Scopes 1 and 2) by 40% by 2030 compared with the 2018 levels;
• – reduce its indirect emissions (Scope 3) by taking action across the entire value chain for the Group’s businesses, with a reduction target of 20% by 2030 compared with 2019 levels;
• – adapt its infrastructure and businesses to make them more resilient to climate change.

3.2.1 Reducing the Group’s direct emissions (Scopes 1 and 2)

Since 2007, VINCI has maintained a proactive approach to reducing and monitoring its greenhouse gas (GHG) emissions, in line with the “Promote green growth together” commitment from its Manifesto. When it adopted its new environmental ambition in 2020, VINCI further strengthened the Group’s targets, looking to align itself with the Paris Agreement. To set an example, the Group is therefore committed to achieving a 40% reduction in its direct GHG emissions (Scopes 1 and 2) by 2030 compared with 2018 levels. According to guidance from the Science Based Targets initiative (SBTi), this commitment makes the Group’s target setting strategy consistent with a reduction “well below 2°C”. In addition to this absolute value for its emissions reduction target, VINCI aims to reach carbon neutrality (by achieving net zero emissions) in its direct scope of business activities by 2050.

Each of VINCI’s business lines has broken down and adapted this target in their environmental policies, adjusting it in line with their specific stakes. As a minimum, the business lines are aligned with the Group’s target of a 40% reduction (see “Overview of the main commitments by business line”, page 204).