| Risk | Description of the net risk | Horizon (*) | Business lines |
|---|---|---|---|
| 1. Expansion of areas of water stress | 1. Expansion of areas of water stress Description of the net riskVINCI’s activities require water supplied by a distribution network or withdrawn from natural environments. Climate change and disruptions to the water cycle will result in an expansion of areas where water resources can no longer meet demand, whether due to temporary or structural factors. The impact for VINCI’s activities in these areas is a lack of available resources to conduct operations or clean equipment. The Group’s VINCI Autoroutes, VINCI Concessions and VINCI Construction business lines have committed to reducing their water consumption (see paragraph 3.1, “Environmental ambition”, of the “Environmental performance” section, page 222). This risk is managed by identifying project sites in areas of water stress and adapting construction and operation processes and methods. At the same time, the Group is working to optimise water consumption and develop solutions to reuse water (see paragraph 1.5.2, “Increasing scarcity of resources”, of chapter D, “Risk factors and management procedures”, page 182). |
1. Expansion of areas of water stress Horizon (*)MT |
1. Expansion of areas of water stress Business linesVINCI Autoroutes VINCI Concessions VINCI Energies Cobra IS VINCI Construction |
| 2. Pollution of ecosystems (air, water, soil, noise and light pollution) | 2. Pollution of ecosystems (air, water, soil, noise and light pollution) Description of the net riskDamage to and destruction of species VINCI’s activities (quarries, worksites, etc.) may release particles into the air, water or soil or cause accidental pollution. They may also be responsible for noise pollution and vibrations, mainly caused by traffic on operated infrastructure, entities’ worksites and quarry operations, potentially impacting local residents. In addition, its activities sometimes require lighting that may disturb ecosystems. This light pollution exposes the Group to image and reputational risks that may carry financial consequences. To protect itself from this risk, the Group implements environmental management plans and internal control systems that provide for site audits. The various measures taken are presented in paragraph 3.4.1.1, “Actions to prevent pollution and incidents”, of the “Environmental performance” section, page 252, and include phasing out phytosanitary products, covering salt piles on motorways, systems to prevent accidental pollution on motorways, reducing emissions from the use of machinery and vehicles, monitoring air and water quality, measuring noise levels and footprints and installing opaque screens along motorways. |
2. Pollution of ecosystems (air, water, soil, noise and light pollution) Horizon (*)ST |
2. Pollution of ecosystems (air, water, soil, noise and light pollution) Business linesVINCI Autoroutes VINCI Concessions VINCI Energies Cobra IS VINCI Construction VINCI Immobilier |
| 3. Damage to and destruction of species | 3. Damage to and destruction of species Description of the net riskThe Group’s activities may harm the integrity of plant and animal species for different reasons: habitat fragmentation, alteration or destruction, the use of chemical compounds and the pollution risks described above. The Group is aware of these issues and implements procedures to limit the impact of its activities:
|
3. Damage to and destruction of species Horizon (*)ST |
3. Damage to and destruction of species Business linesVINCI Autoroutes VINCI Concessions VINCI Construction Cobra IS |
| 4. Working on a degraded or polluted parcel of land | 4. Working on a degraded or polluted parcel of land Description of the net riskWorking on a previously degraded or polluted parcel of land poses a risk for the health and safety conditions for Group 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:
|
4. Working on a degraded or polluted parcel of land Horizon (*)ST |
4. Working on a degraded or polluted parcel of land Business linesVINCI AutoroutesVINCI Concessions VINCI Construction Cobra IS VINCI Energies VINCI Immobilier |
| 5. Soil depletion, erosion, degradation and loss of natural land | 5. Soil depletion, erosion, degradation and loss of natural land Description of the net riskThe soil sealing that is inherent to construction and earthworks activities as well as the extraction of raw materials (mainly from quarries) lead to the degradation of natural environments and cause 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.
|
5. Soil depletion, erosion, degradation and loss of natural land Horizon (*)MT |
5. Soil depletion, erosion, degradation and loss of natural land Business linesVINCI AutoroutesVINCI ImmobilierVINCI Construction |
| Opportunity | Description of the opportunity | Horizon (*) | Business lines |
|---|---|---|---|
| Brownfield regeneration | Brownfield regenerationDescription 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 various Group divisions (see paragraph 3.3.3.2, “Land recycling”, of the “Environmental performance” section, page 252). |
Brownfield regenerationHorizon (*) ST |
Brownfield regenerationBusiness lines VINCI Autoroutes VINCI ConcessionsVINCI Energies VINCI ConstructionCobra IS VINCI Immobilier |
| 2. Ecological restoration | 2. Ecological restoration Description of the opportunityVINCI 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 259). |
2. Ecological restoration Horizon (*)MT |
2. Ecological restoration Business linesVINCI Construction |
(*) Short term (ST), medium term (MT), long term (LT).
