Several internal labels have also been developed at the initiative of VINCI Construction companies. These labels are awarded to candidate worksites based on an internal audit to ensure that the Group’s environmental commitments are effectively taken into account at these worksites, to challenge teams and to provide a guarantee for customers:
To monitor VINCI’s environmental performance, the environmental reporting system uses the same software as the Group’s financial and workforce-related reporting systems and is based on the standards of the Global Reporting Initiative’s Sustainability Reporting Guidelines, which have been applied to the Group’s activities (see the cross-reference table, pages 399 to 400), as well as the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) (see the cross-reference table, page 401), and the Sustainability Accounting Standards Board (SASB) (see the cross-reference table, page 402). Covering nearly all of the Group’s companies, the system uses around 60 quantitative indicators for measuring performance against key environmental parameters, such as greenhouse gas emissions, consumption of resources, circular economy initiatives, environmental certification and environmental incidents. Environmental reporting is prepared using updated methodological guidebooks and procedures that are available on the Group’s intranet. In addition to this central reporting system, each business line uses its own management indicators. Section 5 of this chapter, “Note on the methods used in workforce-related, social and environmental reporting”, pages 282 to 286, covers the key points.
VINCI has submitted its environmental information for review by its Statutory Auditors since 2002. Environmental data is presented in compliance with Article 225 of France’s Grenelle II Environment Act and additional provisions set forth mainly in application of the law on the energy transition for green growth (Article 173) and the law on combating food waste. It also meets the requirements of Order 2017-1180 of 19 July 2017 and Decree 2017-1265 of 9 August 2017, which transposed the European directive on disclosure of non-financial information by certain large undertakings and groups into French law.
The environmental reporting scope is the same as for the financial reporting scope, with some exceptions (see “Note on the methods used in workforce-related, social and environmental reporting”, page 282). At the end of 2022, environmental reporting covered 99% of total revenue, excluding Cobra IS.
As the acquisition was finalised on 31 December 2021, Cobra IS will be included in VINCI’s environmental reporting in 2023. Adapting the environmental governance structure to the business unit and training more than 450 of its employees on the Group’s environmental ambition and the resources available for its operational implementation were key priorities in 2022.
| (as a percentage of revenue) | 2022 | 2021 | 2020 |
|---|---|---|---|
| Concessions | Concessions2022100% | Concessions2021100% | Concessions2020100% |
| VINCI Autoroutes | VINCI Autoroutes 2022100% |
VINCI Autoroutes 2021100% |
VINCI Autoroutes 2020100% |
| VINCI Airports | VINCI Airports 2022100% |
VINCI Airports 2021100% |
VINCI Airports 2020100% |
| Other concessions | Other concessions 2022100% |
Other concessions 2021100% |
Other concessions 2020100% |
| VINCI Energies | VINCI Energies2022100% | VINCI Energies2021100% | VINCI Energies2020100% |
| VINCI Construction | VINCI Construction202298% | VINCI Construction202197% | VINCI Construction202098% |
| VINCI Immobilier | VINCI Immobilier2022100% | VINCI Immobilier2021100% | VINCI Immobilier2020100% |
| Total | Total202299% | Total202199% | Total202099% |
(*) Environmental reporting coverage only includes energy indicators. Coverage for water and waste indicators is provided in the “Note on the methods used in workforce-related, social and environmental reporting”, page 282.
As part of the 2021 Environment Awards, VINCI developed a multi-criteria impact analysis methodology to measure the reduction or avoidance of emissions associated with each of the initiatives and estimate their potential impact over three years (until 2023). This is done to then deploy the initiatives that contribute the most to the Group’s environmental ambition (see paragraph 3.1.4.1, “Employee engagement around environmental solutions and actions”, page 226). The idea is to accelerate the scale-up of environmental solutions and inform certain Group decisions by evaluating short-term outcomes depending on assumptions relating to economic implementation. The methodology draws on a simplified life cycle analysis and uses specific quantitative indicators to measure a solution’s impact and assess its contribution to VINCI’s environmental ambition. It also takes into account the scale of implementation within the Group and with customers. A scientific committee made up of environmentalists, scientists and financial experts helped in developing this approach. Data is collected on reduced or avoided CO₂ emissions, tonnes of recovered materials, or cubic metres of water saved compared to a benchmark scenario.
Building on the European Commission’s action plan on financing sustainable growth launched in 2018, Regulation (EU) 2020/852 of 18 June 2020, known as the Taxonomy Regulation, establishes a framework to facilitate sustainable investment with the aim of creating a “green list” of environmentally sustainable economic activities. To comply with this regulation, the Group is required to disclose, for the 2022 financial year, the share of its business operations aligned with the EU Taxonomy – revenue, capital expenditure (CapEx) and operating expenditure (OpEx) – for the first two environmental objectives, climate change mitigation and climate change adaptation.
