2023 UNIVERSAL REGISTRATION DOCUMENT

3. Environmental performance

3.1 Environmental ambition

In this context of climate emergency, the environment is VINCI’s strategic priority. The Group tackles it with the aim of playing an active role in the environmental transition of buildings, infrastructure and mobility. VINCI is aware of the responsibility it bears, due to the nature of its business activities, but also recognises its ability to contribute positively to this transition. That is why the Group has set its environmental ambition for 2030, with a twofold objective: significantly reduce the direct impact of its activities and help its customers and partners reduce their own environmental footprint. VINCI has therefore committed to reduce its direct and indirect CO₂ emissions, with its targets to be met by 2030 validated as aligned with the well below 2°C scenario by the Science Based Targets initiative (SBTi), while aiming to achieve carbon neutrality by 2050. In addition, the Group has made deep commitments to scale up the circular economy and preserve natural environments. These three focuses of its strategy are interdependent. For example, VINCI’s climate commitments address the pressure of climate change as a cause of biodiversity loss, and actions to promote the circular economy alleviate pressures on biodiversity by curbing waste and protecting natural resources. At the same time, the circular economy plays a role in lowering emissions. Each pillar of the Group’s environmental ambition therefore has its own levers for action, but each initiative undertaken on one pillar has a positive cross-impact on the other two. VINCI is mobilising its teams and its potential for innovation to accelerate the transformation of its business lines and the creation of environmental value in the projects it leads for its customers, as well as in the services it provides for its infrastructure users and partners. The integrated design-build-operate approach helps reduce environmental impact at each stage in a project’s life cycle. The development of partnerships with external stakeholders is focused on this same goal.