- 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 291).
In 2023, emissions calculated using the market based approach totalled 2.4 million tonnes of CO2, of which 2.2 million tonnes of CO2 for Scope 1 and 0.2 million tonnes of CO2 for Scope 2. Market based emissions rose 10% from 2022 (of which 3% excluding Cobra IS). This surge is mainly attributable to acquisitions by VINCI Airports and VINCI Energies included in the reporting scope in 2023 and increased power needs during the construction phases at worksites. It remained slightly lower than the change in energy consumption, due in particular to the increased use of biofuels (3.9 times more than in 2022), which helped to limit Scope 1 greenhouse gas emissions.
2.4 MtCO2e emitted in 2023 (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) | 2023/2022 change | Actual values (location-based Scope 1 and Scope 2 emissions) | Actual values (location-based Scope 1 and Scope 2 emissions) | |
|---|---|---|---|---|---|
| (in tonnes of CO2 equivalent) | (in tonnes of CO2 equivalent)Actual values (market-based Scope 1 and Scope 2 emissions)2023 | (in tonnes of CO2 equivalent)Actual values (market-based Scope 1 and Scope 2 emissions)2022 | (in tonnes of CO2 equivalent)2023/2022 change
|
(in tonnes of CO2 equivalent)Actual values (location-based Scope 1 and Scope 2 emissions)2023 | (in tonnes of CO2 equivalent)Actual values (location-based Scope 1 and Scope 2 emissions)2022 |
| Concessions | ConcessionsActual values (market-based Scope 1 and Scope 2 emissions)104,786 | ConcessionsActual values (market-based Scope 1 and Scope 2 emissions)93,883 | Concessions2023/2022 change+12% | ConcessionsActual values (location-based Scope 1 and Scope 2 emissions)148,655 | ConcessionsActual values (location-based Scope 1 and Scope 2 emissions)137,074 |
| VINCI Autoroutes | VINCI Autoroutes Actual values (market-based Scope 1 and Scope 2 emissions)17,870 |
VINCI Autoroutes Actual values (market-based Scope 1 and Scope 2 emissions)18,301 |
VINCI Autoroutes 2023/2022 change−2% |
VINCI Autoroutes Actual values (location-based Scope 1 and Scope 2 emissions)21,611 |
VINCI Autoroutes Actual values (location-based Scope 1 and Scope 2 emissions)22,537 |
| VINCI Airports | VINCI Airports Actual values (market-based Scope 1 and Scope 2 emissions)81,190 |
VINCI Airports Actual values (market-based Scope 1 and Scope 2 emissions)71,149 |
VINCI Airports 2023/2022 change+14% |
VINCI Airports Actual values (location-based Scope 1 and Scope 2 emissions)120,705 |
VINCI Airports Actual values (location-based Scope 1 and Scope 2 emissions)109,536 |
| Other concessions | Other concessions Actual values (market-based Scope 1 and Scope 2 emissions)5,726 |
Other concessions Actual values (market-based Scope 1 and Scope 2 emissions)4,433 |
Other concessions 2023/2022 change+29% |
Other concessions Actual values (location-based Scope 1 and Scope 2 emissions)6,339 |
Other concessions Actual values (location-based Scope 1 and Scope 2 emissions)5,001 |
| VINCI Energies | VINCI EnergiesActual values (market-based Scope 1 and Scope 2 emissions)302,510 | VINCI EnergiesActual values (market-based Scope 1 and Scope 2 emissions)294,248 | VINCI Energies2023/2022 change+3% | VINCI EnergiesActual values (location-based Scope 1 and Scope 2 emissions)308,558 | VINCI EnergiesActual values (location-based Scope 1 and Scope 2 emissions)298,584 |
| Cobra IS | Cobra ISActual values (market-based Scope 1 and Scope 2 emissions)149,112 | Cobra ISActual values (market-based Scope 1 and Scope 2 emissions)- | Cobra IS2023/2022 changen/a | Cobra ISActual values (location-based Scope 1 and Scope 2 emissions)149,599 | Cobra ISActual values (location-based Scope 1 and Scope 2 emissions)- |
| VINCI Construction | VINCI ConstructionActual values (market-based Scope 1 and Scope 2 emissions)1,804,272 | VINCI ConstructionActual values (market-based Scope 1 and Scope 2 emissions)1,756,496 | VINCI Construction2023/2022 change+3% | VINCI ConstructionActual values (location-based Scope 1 and Scope 2 emissions)1,830,501 | VINCI ConstructionActual values (location-based Scope 1 and Scope 2 emissions)1,771,427 |
| VINCI Immobilier | VINCI ImmobilierActual values (market-based Scope 1 and Scope 2 emissions)3,645 | VINCI ImmobilierActual values (market-based Scope 1 and Scope 2 emissions)2,765 | VINCI Immobilier2023/2022 change+32% | VINCI ImmobilierActual values (location-based Scope 1 and Scope 2 emissions)3,655 | VINCI ImmobilierActual values (location-based Scope 1 and Scope 2 emissions)2,799 |
| Total | TotalActual values (market-based Scope 1 and Scope 2 emissions)2,364,325  |
TotalActual values (market-based Scope 1 and Scope 2 emissions)2,147,392 |
Total2023/2022 change+10% |
TotalActual values (location-based Scope 1 and Scope 2 emissions)2,440,968 | TotalActual values (location-based Scope 1 and Scope 2 emissions)2,209,884 |
| Total excl. Cobra IS | Total excl. Cobra ISActual values (market-based Scope 1 and Scope 2 emissions)2,215,213 | Total excl. Cobra ISActual values (market-based Scope 1 and Scope 2 emissions)2,147,392 | Total excl. Cobra IS2023/2022 change+3% | Total excl. Cobra ISActual values (location-based Scope 1 and Scope 2 emissions)2,291,369 | Total excl. Cobra ISActual values (location-based Scope 1 and Scope 2 emissions)2,209,884 |
NB: Data extrapolated to cover 100% of VINCI’s revenue.
Data checked to a level of reasonable assurance.
- Monitoring VINCI’s progress against its direct emissions reduction target – Performance in 2023
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 track its progress each year against its projected emissions reductions.
These projections are used to evaluate the Group’s performance between 2018 and 2030. They have 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 pathway 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 emissions reduction actions. The projected emissions reductions and the amount of gross emissions to be reduced 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 2023, VINCI business lines acquired 61 entities, which emitted 53,000 tonnes of CO2 equivalent over the year, and disposed of seven entities, which emitted 7,000 tonnes of CO2 equivalent over the year. Total emissions in the baseline year of 2018, after adjusting for the impact of acquisitions and disposals and including actual historical data for Cobra IS between 2018 and 2023, were thus 2.8 million tonnes of CO2. At end 2023, the Group had reduced its greenhouse gas emissions by 14% compared with the projected emissions reductions.
14% reduction in greenhouse gas emissions in 2023 compared with 2018 (adjusted for the impact of acquisitions)