| Risk | Description of the net riskHorizon | Business lines |
|---|---|---|
| 4. Working on a degraded or polluted parcel of land | 4. Working on a degraded or polluted parcel of land Description of the net riskHorizon Working on a previously degraded or polluted parcel of land poses a risk for the health and safety conditions for STGroup employees, a risk of financial impact resulting from increased expenses necessary to remediate sites and from construction delays, and image and reputation risks in the event of deficient quality of service (substandard work). The following procedures are in place to reduce the financial materiality of these risks: –prior identification of polluted and degraded land; –coverage obtained from insurance companies; –implementation of the Group’s health and safety policy, which protects employees working on land exposed to risks; –use of decontamination techniques and procedures (see paragraph 2.5.3, “Environmental quality and presence of contaminants”, of chapter D, “Risk factors and management procedures”, page 180). |
4. Working on a degraded or polluted parcel of land Business lines VINCI Autoroutes VINCI Concessions VINCI Construction VINCI Energies |
| 5. Soil depletion, erosion, degradation and loss of natural land | 5. Soil depletion, erosion, degradation and loss of natural land Description of the net riskHorizon The loss of natural land that is inherent to construction and earthworks activities and the extraction of raw MTmaterials (mainly from quarries) leads to the degradation of natural environments and causes soil depletion, which decreases the services rendered by ecosystems and promotes erosion. The regulations deriving from France’s Climate and Resilience Law and the “no net land take” target for 2050 create a risk for Group revenue in the medium term. However, the Group has incorporated this risk into its strategy. It has set a target of “no net land take” by 2030 for VINCI Immobilier (see paragraph 3.1, “Environmental ambition”, of the “Environmental performance” section, page 220) and is developing expertise in the regeneration of industrial brownfields. The risk is also mitigated by the Group’s responsible purchasing policy, which favours the use of environmentally sustainable materials, such as certified wood. |
5. Soil depletion, erosion, degradation and loss of natural land Business lines VINCI Autoroutes VINCI Immobilier VINCI Construction |
| Opportunity | Description of the opportunity | Horizon | Business lines |
|---|---|---|---|
| 1. Land recycling | 1. Land recycling Description of the opportunity The “no net land take“ by 2050 target set by France’s Climate and Resilience Law to halt urban sprawl has created a need for extensive brownfield regeneration in order to meet urban development demand. Through its many land recycling projects, VINCI Immobilier has brought new life to urban brownfields and empty, obsolete or abandoned buildings, in collaboration with other Group divisions (see paragraph 3.3.3.2, “Land recycling”, of the “Environmental performance” section, page 245). |
1. Land recycling Horizon ST |
1. Land recycling Business lines VINCI Autoroutes VINCI Concessions VINCI Energies VINCI Construction VINCI Immobilier |
| 2. Land rehabilitation | 2. Land rehabilitation Description of the opportunity VINCI encompasses several companies specialising in ecological engineering, under the Equo Vivo brand. These entities take measures to restore the ecological balance of land and environments affected by construction works, such as planting native species, combating invasive non-native species, restoring wetlands and waterways with diminished ecological functions, building fishways, and levelling weirs (see paragraph 3.4.3.3, “Solutions for preserving biodiversity used by customers”, of the “Environmental performance” section, page 253). |
2. Land rehabilitation Horizon MT |
2. Land rehabilitation Business lines VINCI Construction |
Multiple environmental assessment processes are in place in the Group to fulfil regulatory requirements, meet stakeholder expectations and comply with internal company policies. Risk identification and analysis is the very first principle laid out in the environmental guidelines that were signed by Xavier Huillard, Chairman and Chief Executive Officer of VINCI, and Roberto Migliardi, Secretary of VINCI’s European Works Council, on 6 November 2020.
Implementing an effective, ISO 14001-certified environmental management system is the most common environmental assessment process undertaken by Group entities. Environmental management systems guarantee a robust level of risk prevention and management with annual external audits. The percentage of the Group’s activity covered by ISO 14001 certification is calculated in relation to revenue or another relevant indicator, depending on the business line (see paragraph 3.1.1.2, “Identifying and managing risks”, of the “Environmental performance” section, page 221).
The activity of the Group and its subcontractors is also regularly reviewed by other external bodies:
When these audits or monitoring processes reveal nonconformities, the onus is on the companies responsible to explain the shortcomings and promptly correct them.
