2022 Universal Registration Document

Key Data

Change in renewable energy consumption
(MWh) 2022 2021 2022/2021 change 2020
Total renewable energy consumption

Total renewable energy consumption

2022

523,250☑

Total renewable energy consumption

2021

314,355☑

Total renewable energy consumption

2022/2021 change

+66.5%

Total renewable energy consumption

2020

207,069

☑ Data checked to a level of reasonable assurance.

Greenhouse gas emissions

The methodology used to determine the greenhouse gas (GHG) emissions of VINCI’s businesses is based on the Group’s environmental reporting data. Scope 1 includes direct emissions from the use of biofuels, fossil fuels (fixed sites, worksites and company vehicles), as well as non-energy emissions (VINCI Construction’s lime plants). Scope 2 includes indirect emissions produced to make energy (mainly electricity) purchased and used at fixed sites and for projects. Scope 2 emissions are calculated using two methods. The location-based method uses emission factors derived from the average electricity mix in the country where the Group’s entities operate, while the market-based method uses emission factors relating to the suppliers from which Group companies buy their electricity (see “Note on the methods used in workforce-related, social and environmental reporting”, page 283).

In 2022, emissions calculated using the market-based approach totalled 2.1 million tonnes of CO₂, of which 1.9 million tonnes of CO₂ for Scope 1 and 0.2 million tonnes of CO₂ for Scope 2. Market-based emissions fell 4.7% from 2021, mainly due to the increasing use of electricity from renewable sources, which considerably reduced Scope 2 greenhouse gas emissions (down 27% from 2021).

2.1 MtCO₂eq

emitted in 2022 (Scopes 1 and 2)

Greenhouse gas emissions (Scopes 1 and 2), with change
  Actual values (market-based Scope 1 and Scope 2 emissions) Actual values (market-based Scope 1 and Scope 2 emissions) 2022/2021 change Actual values Actual values
(in tonnes of CO₂ equivalent)

(in tonnes of CO₂ equivalent)

Actual values (market-based Scope 1 and Scope 2 emissions)

2022

(in tonnes of CO₂ equivalent)

Actual values (market-based Scope 1 and Scope 2 emissions)

2021

(in tonnes of CO₂ equivalent)

2022/2021 change

 

(in tonnes of CO₂ equivalent)

Actual values

2022

(in tonnes of CO₂ equivalent)

Actual values

2021
Concessions Concessions

Actual values (market-based Scope 1 and Scope 2 emissions)

93,883
Concessions

Actual values (market-based Scope 1 and Scope 2 emissions)

117,558
Concessions

2022/2021 change

−20.1%
Concessions

Actual values

137,074
Concessions

Actual values

138,106
  VINCI Autoroutes

 

VINCI Autoroutes

Actual values (market-based Scope 1 and Scope 2 emissions)

18,301

 

VINCI Autoroutes

Actual values (market-based Scope 1 and Scope 2 emissions)

20,951

 

VINCI Autoroutes

2022/2021 change

−12.6%

 

VINCI Autoroutes

Actual values

22,537

 

VINCI Autoroutes

Actual values

25,686

  VINCI Airports

  VINCI Airports

Actual values (market-based Scope 1 and Scope 2 emissions)

71,149

  VINCI Airports

Actual values (market-based Scope 1 and Scope 2 emissions)

91,911

  VINCI Airports

2022/2021 change

−22.6%

  VINCI Airports

Actual values

109,536

  VINCI Airports

Actual values

107,090

  Other concessions

 

Other concessions

Actual values (market-based Scope 1 and Scope 2 emissions)

4,433

 

Other concessions

Actual values (market-based Scope 1 and Scope 2 emissions)

4,697

 

Other concessions

2022/2021 change

−5.6%

 

Other concessions

Actual values

5,001

 

Other concessions

Actual values

5,330

VINCI Energies VINCI Energies

Actual values (market-based Scope 1 and Scope 2 emissions)

294,248
VINCI Energies

Actual values (market-based Scope 1 and Scope 2 emissions)

310,373
VINCI Energies

2022/2021 change

−5.2%
VINCI Energies

Actual values

298,584
VINCI Energies

Actual values

315,723
VINCI Construction VINCI Construction

Actual values (market-based Scope 1 and Scope 2 emissions)

1,756,496
VINCI Construction

Actual values (market-based Scope 1 and Scope 2 emissions)

1,823,358
VINCI Construction

2022/2021 change

−3.7%
VINCI Construction

Actual values

1,771,427
VINCI Construction

Actual values

1,844,190
VINCI Immobilier and holding cos. VINCI Immobilier and holding cos.

Actual values (market-based Scope 1 and Scope 2 emissions)

2,765
VINCI Immobilier and holding cos.

Actual values (market-based Scope 1 and Scope 2 emissions)

2,680
VINCI Immobilier and holding cos.

2022/2021 change

+3.2%
VINCI Immobilier and holding cos.

Actual values

2,799
VINCI Immobilier and holding cos.

Actual values

2,680
Total Total

Actual values (market-based Scope 1 and Scope 2 emissions)

2,147,392 ☑
Total

Actual values (market-based Scope 1 and Scope 2 emissions)

2,253,970 ☑
Total

2022/2021 change

−4.7%
Total

Actual values

2,209,884 ☑
Total

Actual values

2,300,699 ☑

NB: Data extrapolated to cover 100% of VINCI’s revenue – excluding acquisitions in 2022.

☑ Data checked to a level of reasonable assurance.

Monitoring VINCI’s emissions reduction trajectory – Progress in 2022

In 2020, VINCI built its own methodology in collaboration with an external consulting firm to monitor its progress towards meeting its commitment to reduce the Group’s direct emissions by 40% between 2018 and 2030. This methodology enables the Group to compare its actual progress every year against its initial baseline.

This initial baseline serves as a starting point for measuring the Group’s performance between 2018 and 2030. It has been designed to take into consideration the Group’s commitments and the pace of actions toward reducing emissions put in place by each business line. VINCI’s low-carbon trajectory takes into consideration any changes in scope within the business lines, as well as the organic growth of the Group’s main businesses. Each newly acquired company is integrated into the Group’s trajectory. The initial baseline and initial amount of gross emissions are therefore adjusted for these acquisitions, while disposals are removed from the scope. This method is used to limit the adjustments and estimates needed to incorporate changes in scope, while objectively reporting on the Group’s actions and its alignment with its reduction goal.

In 2022, VINCI business lines acquired 40 entities, which emitted 3,893 tonnes of CO₂ over the year, and disposed of four entities representing an immaterial amount of revenue, whose emissions could not be measured. Total emissions in the baseline year of 2018, after adjusting for the impact of acquisitions and disposals, were thus 2,471 million tonnes of CO₂. At end-2022, the Group had reduced its greenhouse gas emissions by 13% compared with the initial baseline.

13%

reduction in greenhouse gas emissions in 2022 compared with 2018 (adjusted for the impact of acquisitions)