2024 Universal Registration Document

VINCI is developing its businesses and know-how to deliver solutions for its customers that address the major challenges of the environmental transition. These solutions focus on the following topical issues:

• Supporting the transition to low-carbon energy, through an integrated offer of financing, construction, connection and maintenance of renewable energy production facilities (solar photovoltaic power plants, wind power projects). At the end of 2024, Cobra IS had a renewable energy production portfolio totalling 3.5 GW, including assets in operation and/or under construction. The company plans to develop an average of 1.5 GW of additional capacity per year, with the ambitious target of achieving a total of at least 12 GW for assets in operation and/or under construction by 2030. VINCI also works on the construction and maintenance of infrastructure to facilitate low-carbon electrification, including electricity transmission and distribution networks, substations that connect wind and solar farms to the grid, and electric battery plants. In addition, VINCI supports its customers in the construction and maintenance of nuclear energy production infrastructure and is working to develop infrastructure for use of low-carbon hydrogen at its airports and on its motorways, but also through various partnerships and investments (see under “Supporting the transition to a low-carbon economy” in paragraph 2.2.2.1, “Climate change mitigation and energy”, page 211).
• Accelerating energy renovation (see under “Supporting the transition to a low-carbon economy” in paragraph 2.2.2.1, “Climate change mitigation and energy”, page 211). The energy renovation market generated €2.4 billion in revenue for VINCI in 2024 (compared with €2.2 billion in 2023) and is expected to expand further. In addition to leading renovation projects, VINCI has also implemented innovative solutions to support thermal building renovation and gives its customers the opportunity to improve their efficiency through arrangements such as energy performance contracts (EPC).
• Developing low-carbon mobility (see under “Supporting the transition to a low-carbon economy” in paragraph 2.2.2.1, “Climate change mitigation and energy”, page 211). VINCI develops solutions that contribute to decarbonising mobility, such as installing charge points for electric and hybrid vehicles and supplying this equipment for the motorway network and airports it operates under concession (more than 2,100 charge points installed at end-2024).
• Soil unsealing and land rehabilitation (see paragraph 2.6.2.2, “Action plan”, page 230). To help conserve water resources, preserve biodiversity and recreate natural environments if necessary, VINCI has developed expertise in environmental engineering, especially through solutions provided by VINCI Construction’s brand Equo Vivo.
• Climate change adaptation (see paragraph 2.2.2.2, “Climate change adaptation”, page 213). VINCI provides regions with concrete solutions to address climate change, including the construction and financing of infrastructure adaptation projects (sea walls, tunnels, bridges, water desalination plants, etc.) and the eco-design of adapted buildings. Projects aimed at preventing flooding totalled more than €100 million in revenue for VINCI Construction companies in 2024.

These market opportunities that could benefit the entire Group are detailed in the double materiality assessment. Longer-term market developments relating to the environmental transition are harder to anticipate and quantify, but should not have a material impact on the useful lives of the Group’s assets.

VINCI’s business lines also aim to be vectors for social progress. With that intention, the Group integrates several key focuses into its strategy and business model that address the current transition issues:

• Working in the public interest as a partner : through its businesses, VINCI acts as a partner working in the public interest and plays an essential role in meeting today’s major challenges that inevitably have negative impacts on population groups. By 2030, 60% of the world’s population will be living in cities, mostly in developing countries. Given this rampant urbanisation, growing housing and mobility needs, and demographic and social changes, Group companies contribute worldwide to bringing solutions. The Group participates in building infrastructure, including schools, hospitals, sports facilities and water and energy networks, which are essential to improving the quality of life of citizens and the economic development of regions.
• A decentralised model for strong local roots : the Group has voluntarily adopted a decentralised structure based on a network of more than 4,200 companies that are firmly rooted in regions and communities. They each contribute to the growth of economic activity, employment and tax contributions. In addition to the Group’s approved suppliers, 66% of which are SMEs, its entire value chain and sourcing ecosystem are locally focused. The Group’s suppliers and subcontractors are primarily local market players, and nearly 50% of VINCI’s purchases in France are placed with SMEs. As such, it supports local economies in every region where it operates.
• Corporate citizenship and solidarity to enhance employability : VINCI’s businesses create substantial numbers of local jobs, especially for people who are trained and hired under integration programmes at worksites. In France, VINCI Insertion Emploi (ViE) works with Group companies to implement these programmes, managing over 1 million integration hours each year. Teaming up with partners specialising in integration through economic activity, VINCI is also creating social joint ventures to help build paths to sustainable employment. As a result, 15 foundations and programmes have been set up around the world to offer sustainable opportunities for all Group employees to get involved and support non-profits tackling exclusion in their communities. In 2024, Group companies contributed over €6.5 million to these foundations and programmes, which supported 564 projects to help ensure the social and professional integration of disadvantaged people, with a focus on young people and particularly underprivileged communities.