2024 Universal Registration Document

Scope		Reduction lever	Actions	Benchmark report or sector pathway to 2030
Own operations	Own operations Scope 1	Own operations Reduction lever Employee mobility	Own operations Actions Replace internal combustion engine-powered vehicles with hybrid or electric vehicles Develop training in eco-driving and carpooling platforms	Own operations Benchmark report or sector pathway to 2030
Own operations	Own operations Scope 1	Own operations Reduction lever Site machinery and heavy vehicle performance	Own operations Actions Improve energy consumption monitoring Modernise site machinery as well as operating vehicle and truck fleets Expand the use of biofuels	Own operations Benchmark report or sector pathway to 2030
Own operations	Own operations Scopes 1 and 2	Own operations Reduction lever Optimising energy for industrial activities and buildings	Own operations Actions Convert binder plants using oil or coal to lower-carbon energies Cover aggregate storage Improve energy consumption monitoring Energy efficiency of infrastructure	Own operations Benchmark report or sector pathway to 2030
Own operations	Own operations Scope 2	Own operations Reduction lever Decarbonising the energy mix	Own operations Actions Develop renewable energy production facilities at the Group’s sites Purchase electricity from renewable sources	Own operations Benchmark report or sector pathway to 2030
Value chain	Value chain Scope 3	Value chain Reduction lever Decarbonising materials	Value chain Actions Drive the widespread use of low-carbon concrete and recycled steel Practise responsible purchasing	Value chain Benchmark report or sector pathway to 2030 Emissions reduction of at least 20% by cement manufacturers in France ^(*)
Value chain	Value chain Scope 3	Value chain Reduction lever Decarbonising motorways	Value chain Actions Install charge points for light and heavy vehicles at service areas, rest areas and rest stops Participate in innovation for systems that enable dynamic charging, such as electric road systems (ERS) Develop carpool parking facilities along the motorway network Develop infrastructure for access to shared mobility and public transport on motorways	Value chain Benchmark report or sector pathway to 2030 Electrification of 40% of the light vehicle fleet in France^() Electrification of more than 20% of the heavy vehicle fleet in France^(*)
Value chain	Value chain Scope 3	Value chain Reduction lever Decarbonising building and infrastructure use	Value chain Actions Eco-design buildings and infrastructure Roll out energy efficiency solutions	Value chain Benchmark report or sector pathway to 2030 Decrease total life-cycle emissions from buildings (RE2020) by 30%
Value chain	Value chain Scope 3	Value chain Reduction lever Reducing emissions from airport users	Value chain Actions Electrify airport ground equipment and auxiliary power units Adjust airport landing fees based on aircraft CO₂ emissions Supply sustainable aviation biofuels	Value chain Benchmark report or sector pathway to 2030

Sources:

(*) The French National Council for Industry’s road map for decarbonising the cement industry (May 2021): “Décarbonation de l’industrie : feuille de route de la filière ciment” (in French only).
(**) Enedis-RTE report on the electricity needs for long-distance mobility on motorways (July 2021): “Les besoins électriques de la mobilité longue distance sur autoroute” (in French only).
(***) Multi-company report on the electrification of long-distance heavy goods vehicle mobility (March 2024): “Électrification de la mobilité lourde longue distance” (in French only).

Financial assessment of the transition plan

In 2019, an in-depth analysis was carried out on the measures required to achieve the Group’s Scope 1 and 2 reduction targets for its various activities. This exercise mobilised all of the operational entities, which were able to identify the levers for progress and the related investments needed. Detailed action plans, including financial aspects, have been adopted by all the business lines. For example, VINCI Autoroutes’ Environmental Ambition plan includes a €61 million budget to cover the transition to LED lighting, building renovation, the installation of EV charge points for employees and coverage of salt piles. The Group has estimated the amount of CapEx required to achieve its climate transition plan to 2030 at several hundred million euros. In 2024, more than €70 million of these investments were Taxonomy-aligned CapEx, mainly associated with activities 7.3 Installation, maintenance and repair of energy efficiency equipment and 7.7 Acquisition and ownership of buildings. Over €100 million of CapEx related to the purchase of electric vehicles is Taxonomy-eligible but not Taxonomy-aligned (activity 6.5). In addition to the investments made to implement the transition plan, the €1.4 billion in Taxonomy-aligned CapEx at end-2024 (see paragraph 2.1.1.3, “Eligibility and alignment of VINCI’s CapEx”, page 200) attests to the positive impact of the Group’s activities, in particular on customer worksites for renewable energy production infrastructure, electricity transmission and distribution or rail infrastructure. This CapEx is mainly funded by the own resources of the Group’s business lines. The reduction actions set out in the climate transition plan do not require significant commitments with respect to operating expenses at VINCI level.

VINCI Construction is continuing to roll out its carbon emissions management tool, NExT, to formulate specific action plans for each company, estimating both the financial advantages and emissions reductions. In 2024, this tool covered 70% of the business line’s GHG emissions and was used in the annual review of strategic business plans to approve investments.

Meanwhile, VINCI Airports is carefully monitoring the decarbonisation of its infrastructure. Targets are revised annually during the budget process, in particular thanks to the Smart Data Hub systems in place at the airports, which they use to design and implement their own decarbonisation plans. The hub is connected to several smart meters in the network and receives real-time consumption data, enabling real-time monitoring of consumption and prompt notifications of any irregularity. Smart meters were installed in 2024 at Las Américas airport near Santo Domingo in the Dominican Republic and Belgrade airport in Serbia. In 2024, 31 airports had a 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.

VINCI Energies annually invites each company to present its shared three-to-five year strategic plan. At this time, the environmental strategy and decarbonisation plan, along with ongoing or planned initiatives, are closely examined.

2024 Universal Registration Document

General and financial elements