As an investor, builder and operator of buildings and transport or energy infrastructure, VINCI plays a key role in the transformation of cities and regions. The Group’s goal is to be a force for good every day and over the long term, aiming for all-round performance that integrates economic, environmental and social dimensions.
VINCI’s policy is structured around two complementary objectives. The first is to reduce the environmental impact of projects and optimise the socio-economic benefits of the Group’s activities on local populations and regions. The second is to work with its stakeholders to come up with the most efficient solutions serving the public interest in an economy of scarcity. The Group has been shaping its stakeholder approach since 2012, underscoring its sustainability values and commitments in the VINCI Manifesto. Available in 32 languages, the Manifesto lays down a set of shared guidelines to be used by each business unit to identify its strategic priorities for enhancing social and environmental performance and to translate them into action plans.
Additional information is available on the Group’s website at www.vinci.com, in particular examples of the innovative approaches implemented by the Group’s companies, arranged by category and type of challenge.
This first Sustainability report was prepared on a consolidated basis in accordance with the European Union’s Corporate Sustainability Reporting Directive (CSRD). The VINCI Group’s sustainability reporting scope is aligned with that used for its financial reporting. This is justified by the fact that, within the Group, there is no significant difference between the scope of entities under financial control and the scope of entities under operational control. The companies in which VINCI has ownership interests and that are excluded from the sustainability reporting scope are companies not included in the Group’s scope of financial consolidation that were considered immaterial with respect to sustainability issues. The procedure for assessing changes in reporting scope is explained in paragraph 5.2, “Changes in scope”, of the methodology note, page 274.
Environmental, social and governance data is collected, verified, consolidated and approved by the operational managers of each Group business line and division. Any differences deemed significant compared with the previous year are carefully reviewed and handled as needed.
The Group’s historical approach to assessing the materiality of its environmental and social issues has been reworked into a double materiality assessment, as required by the CSRD. This assessment was carried out between the last quarter of 2023 and throughout 2024. It considers both impact materiality and financial materiality, taking into account positive and negative impacts, whether actual or potential, on society and the environment, as well as financial risks and opportunities. All Group activities, across its geographies and throughout its value chain, were covered in this analysis.
A committee of in-house experts from the Environment Department, the Social Responsibility Department, the Finance, Audit and Risks and Legal departments, the Ethics and Vigilance Department, and the Group Human Resources Department participated in the double materiality assessment process.
Each of these departments maintains regular dialogue with the stakeholder groups affected by its activities (see paragraph 1.4.1, “Interests and views of stakeholders”, page 193). Stakeholder opinions were taken into account in identifying impacts, risks and opportunities (IROs) within the double materiality matrix. Internally, employees’ expectations on these matters are taken into consideration over the course of regular social dialogue within the structure of meetings of the Social and Economic Committee, the Group Works Council and the European Works Council. For more details on social dialogue within the Group and VINCI companies, see paragraph 3.1.2, “Processes for interacting with Group employees and their representatives”, page 239.
The impacts, risks and opportunities identified in the double materiality assessment are based on issues defined in the European Sustainability Reporting Standards (ESRS 1, Annex A). The Group also identified four issues specific to its activities:
To ensure exhaustive coverage, IROs were reviewed against the sector-specific issues identified in the following external guidelines and internal documents:
