2021 UNIVERSAL REGISTRATION DOCUMENT

Independence and quality control

Our independence is defined by Article L.822-11-3 of the French Commercial Code and by the French Code of Ethics for Statutory Auditors (Code de déontologie). In addition, we have implemented a quality control system including documented policies and procedures aimed at ensuring compliance with applicable legal and regulatory requirements, ethical requirements and the professional guidance issued by the French Institute of Statutory Auditors relating to this engagement.

Means and resources

Our work engaged the skills of 12 people between October 2021 and February 2022 and took a total of 18 weeks.

To assist us in conducting our work, we referred to our corporate social responsibility and sustainable development experts. We conducted around thirty interviews with people responsible for preparing the Statement.

Nature and scope of procedures

We planned and performed our work taking account of the risk of material misstatement of the Information.

We consider that the procedures conducted in exercising our professional judgement enable us to express a limited assurance conclusion:

• We familiarised ourselves with the activities of all companies in the consolidation scope and the description of the principal risks.
•  We assessed the suitability of the Guidelines with respect to their relevance, completeness, reliability, neutrality and clarity, taking into account, where appropriate, best practices within the sector.
• We verified that the Statement covers each category of  information stipulated in section III of Article L.225-102-1 of the French Commercial Code governing social and environmental affairs, respect for human rights and the fight against corruption and tax evasion.
• We verified that the Statement provides the information required under Article R.225-105 II of the French Commercial Code where relevant with respect to the principal risks, and includes, where applicable, an explanation for the absence of the information required under Article L.225-102-1 III, paragraph 2 of the French Commercial Code.
• We verified that the Statement presents the business model and a description of the principal risks associated with the activities of all the consolidated entities, including where relevant and proportionate, the risks associated with their business relationships, their products or services, as well as their policies, measures and the outcomes thereof, including key performance indicators for the principal risks.
• We referred to documentary sources and conducted interviews to:
  
  • – assess the process used to identify and confirm the principal risks as well as the consistency of the outcomes, including the key performance indicators used, with respect to the principal risks and the policies presented; and
  • – corroborate the qualitative information (measures and outcomes) that we considered to be the most important(*); for certain risks, such as the health and safety approach and the emissions reduction trajectory, etc., our work was carried out on the consolidating entity, while for other risks, our work was carried out on the consolidating entity and on a selection of entities.
• We verified that the Statement covers the consolidated scope, i.e. all companies within the consolidation scope in accordance with Article L. 233-16, with the limits specified in the Statement.
• We obtained an understanding of internal control and risk management procedures implemented by the Company and assessed the data collection process aimed at ensuring the completeness and fairness of the Information.
• For the key performance indicators and other quantitative outcomes(**) that we considered to be the most important, we implemented:
  
  • – analytical procedures that consisted in verifying the correct consolidation of collected data as well as the consistency of changes thereto;
  • – substantive tests, on a sample basis and using other selection methods, that consisted in verifying the proper application of definitions and procedures and reconciling data with supporting documents. These procedures were conducted for a selection of contributing entities(***) and covered between 23% and 97% of the consolidated data selected for these tests.
• We assessed the overall consistency of the Statement in relation to our knowledge of the entire Company.

The procedures conducted in a limited assurance review are substantially less in scope than those required to issue a reasonable assurance opinion in accordance with the  professional guidelines of the French Institute of Statutory Auditors (Compagnie Nationale des Commissaires aux Comptes, CNCC); a higher level of assurance would have required us to carry out more extensive procedures.

(*) Qualitative information: health and safety approach for temporary workers and subcontractors; approach to assessing human rights compliance by subsidiaries, subcontractors and suppliers; measures at VINCI Academy; rollout of ISO 30415 on diversity and inclusion; eligibility of VINCI Group activities under the EU Taxonomy; VINCI Group approach for monitoring the emissions reduction trajectory; act4nature international initiative.

(**) Environmental indicators: purchased water consumption; consumed water taken directly from natural environments; phytosanitary product consumption at concessions; hazardous and non-hazardous waste produced; percentage of waste (hazardous and non-hazardous) recycled; percentage of revenue from ISO 14001-certified activities; ISO 14001-certified revenue (works agencies); ISO 14001-certified tonnage (quarries, coating plants and binder plants owned); kilometres of ISO 14001-certified motorways; percentage of mix manufactured with reclaimed asphalt pavement; number and revenues of projects awarded environmental certifications or labels and corresponding revenue; estimated Scope 3 emissions.

Health and safety and other social indicators: end-of-period workforce (split by age, gender, geographical area and socio-professional category); number of temporary employees in full-time equivalent; total recruitment; total departures (of which number of redundancies); total training hours (of which safety training); number of employees trained; occupational illness severity rate; total days of absenteeism; actual hours worked; number of employees with a disability; average salary of VINCI employees; average salary of VINCI’s female employees.

(***) Environmental indicators: ASF; Dodin Campenon Bernard; Eurovia France, Roadworks; Eurovia Americas: Eurovia Atlantic Coast – Lane Construction (United States); Eurovia Rail and Specialities; Soletanche Freyssinet: Rodio Kronsa (Spain); VINCI Airports; VINCI Construction Central Europe; VINCI Construction France; VINCI Construction Grands Projets: HS2 project (United Kingdom); VINCI Construction Asia Oceania – HEB and Seymour Whyte; VINCI Construction Dom-Tom; VINCI Construction Africa: Sogea-Satom Niger (Niger); VINCI Construction Terrassement (except purchased water consumption); VINCI Construction UK; VINCI Energies Europe East; VINCI Energies Europe West: VanderLinden Veghel (Netherlands); VINCI Energies France; VINCI Energies International Systems; VINCI Highways: Lima Expresa (Peru); VINCI Immobilier (except purchased water consumption); VINCI Railways; VINCI Stadium.

Health and safety and other social indicators: ASF; Eurovia France, Roadworks; Soletanche Freyssinet: Rodio Kronsa (Spain); VINCI Airports: Orlando Sanford International airport (United States); VINCI Construction International Network Africa; VINCI Energies Europe East; VINCI Energies Europe West; VINCI Energies France: Santerne Île-de-France (France).

This is a free English translation of the report by one of the Statutory Auditors issued in French and is provided solely for the convenience of English-speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France.