For business lines, the environmental strategy is approved at the highest executive level and taken up by all of the operational departments. They sign off on action plans and budget monitoring to drive forward this environmental ambition, through measures aligned with realities on the ground. They rely on a worldwide network of over 800 correspondents who are in charge of managing environmental risks, developing action plans to protect the environment and supporting their implementation.
Including environmental criteria in the remuneration policy for managers and operational staff
Twenty-five percent of the short- and long-term variable remuneration of Xavier Huillard, Chairman and Chief Executive Officer of VINCI, is linked to environmental, social and governance (ESG) performance indicators and criteria (see paragraph 4.2.1, “Decisions relating to the Chairman and Chief Executive Officer’s remuneration”, of chapter C, “Report on corporate governance”, page 159). The Group’s business lines increasingly follow this example and apply it at an operational level. For instance, the performance of managers at VINCI Energies Sweden East is routinely measured based on the Triple P model (people, planet, profit), and their annual performance based bonuses are calculated accordingly. Since 2022, VINCI Immobilier has used an environmental criterion to determine a portion of its developers’ individual remuneration to spur action towards its target to generate more than 50% of revenue through land recycling by 2030. A further criterion was added in 2023 for efforts in line with its sustainable development strategy in determining the variable remuneration payable to all its operational managers.
Environmental performance criteria are also included in the strategic plans and performance reviews of VINCI Construction companies, several airports, and central functions of VINCI Concessions. In 2023, 22 airports designed their long-term business plan to include several environmental criteria, such as climate resilience, changes in CO2 equivalent emissions (Scopes 1, 2 and 3), and sustainable investments.
Incorporating environmental issues within the Group first requires a strong understanding of how to identify and manage environmental risk, as defined under the concept of double materiality. But it also involves anticipating opportunities that create environmental, social and economic value in the medium and long term. The environmental risk management processes and measures are detailed in paragraph 4.4, “Duty of vigilance with regard to the environment”, of the Group’s duty of vigilance plan, page 279.
Looking beyond the main focuses of the Group’s new environmental ambition and compliance with regulations, VINCI companies develop and maintain continuous improvement processes adapted to the local context. The environmental guidelines signed in November 2020 by VINCI’s Chairman and CEO and the Secretary of the Group’s European Works Council provide a framework for reducing environmental impacts and risks associated with the Group’s activities. All VINCI companies are expected to apply these guidelines and are responsible for ensuring that appropriate actions are also taken on the ground by subcontractors and joint contractors throughout projects (see paragraph 4.4.3, “Tailored actions to mitigate risks and prevent serious impacts”, of the Group’s duty of vigilance plan, page 286).
VINCI encourages its subsidiaries to obtain environmental certification such as ISO 14001 to improve the effectiveness of their environmental management system. All of VINCI Autoroutes’ construction, maintenance and operation businesses are ISO 14001 certified. In 2023, 43 VINCI Concessions entities, including 26 airports, obtained this certification. By 2030, VINCI Airports aims to achieve ISO 14001 certification for all of its airports handling more than 100,000 passengers each year. The proportion of revenue generated by certified entities increased at VINCI Energies. Moreover, 84% of Cobra IS’s revenue is ISO 14001 certified.
| non-inclus | ISO 14001 | non-inclus | |||
|---|---|---|---|---|---|
| (as a percentage) | 2023 | 2022 | 2021 | Indicator | Geographical scope |
| Motorways in service | 100 | 100 | 100 | Kilometres | France |
| VINCI Airports | 80 | 93 | 89 | Proportion of revenue | World |
| Other concessions | 16 | 31 | 26 | Proportion of revenue | World |
| VINCI Energies | 48 | 44 | 50 | Proportion of revenue | World |
| Cobra IS | 84 | Proportion of revenue | World | ||
| VINCI Construction – Road activities | World | ||||
| Production from quarries owned | 49 | 63 | 56 | Tonnes | World |
| Production from coating plants owned | 38 | 41 | 63 | Tonnes | World |
| Production from binder plants owned | 43 | 63 | 54 | Tonnes | World |
| Revenue from the works activity | 49 | 50 | 36 | Proportion of revenue | World |
| VINCI Construction (other activities) | 86 | 87 | 86 | Proportion of revenue | World |
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, to challenge teams and to provide a guarantee for customers:
