2024 Universal Registration Document

General and financial elements

For all its new residential property projects, VINCI Immobilier incorporates summer comfort criteria, in anticipation of future temperature increases. The targets go beyond the performance requirements of the French environmental regulation RE2020 (with maximum thresholds at least 20% and 50% lower than regulatory limits, depending on the region). As of the project design stage, bioclimatic principles are applied to incorporate the solutions best adapted to the building’s climate. In 2024, VINCI Energies elevated an electrical substation in Australia that had twice been threatened by floods. The project was part of a flood resilience programme to move exposed assets to a level above the 100-year flood index.

Ensuring access to drinking water for the local population is a major concern for climate change adaptation. Tedagua (Cobra IS) inaugurated the Nemmeli desalination plant in India in 2024. It has the capacity to supply drinking water to more than one million people.

2.2.3 Performance monitoring
2.2.3.1 Energy mix

Energy consumption

Energy consumption is a central focus in the environmental action plans defined by VINCI companies, which aim both to reduce the amount of energy they use and use low-carbon energy whenever possible.

Energy mix

(GWh) 31/12/2024 31/12/2023 2024/2023 change
Coal

Coal

31/12/2024

129

Coal

31/12/2023

123

Coal

2024/2023 change

+5%

Petrol 

Petrol 

31/12/2024

692

Petrol 

31/12/2023

604

Petrol 

2024/2023 change

+15%

Diesel

Diesel

31/12/2024

5,553

Diesel

31/12/2023

6,173

Diesel

2024/2023 change

−10%

Natural gas

Natural gas

31/12/2024

1,560

Natural gas

31/12/2023

1,506

Natural gas

2024/2023 change

+4%

Electricity from fossil sources

Electricity from fossil sources

31/12/2024

699

Electricity from fossil sources

31/12/2023

998

Electricity from fossil sources

2024/2023 change

−30%

Heat, steam, refrigeration from fossil sources

Heat, steam, refrigeration from fossil sources

31/12/2024

5

Heat, steam, refrigeration from fossil sources

31/12/2023

4

Heat, steam, refrigeration from fossil sources

2024/2023 change

+26%

Other fossil energy Other fossil energy

31/12/2024

503
Other fossil energy

31/12/2023

493
Other fossil energy

2024/2023 change

+2%
LPG LPG

31/12/2024

295
LPG

31/12/2023

240
LPG

2024/2023 change

+23%

Used oil Used oil

31/12/2024

144
Used oil

31/12/2023

145
Used oil

2024/2023 change

−1%

Heavy fuel oil Heavy fuel oil

31/12/2024

64
Heavy fuel oil

31/12/2023

108
Heavy fuel oil

2024/2023 change

−40%

Total fossil energy consumed Total fossil energy consumed

31/12/2024

9,141
Total fossil energy consumed

31/12/2023

9,901
Total fossil energy consumed

2024/2023 change

−8%
% consumption of fossil energy  % consumption of fossil energy

 

31/12/2024

88%
% consumption of fossil energy

 

31/12/2023

93%
% consumption of fossil energy

 

2024/2023 change

 

Total electricity of nuclear origin Total electricity of nuclear origin

31/12/2024

276
Total electricity of nuclear origin

31/12/2023

n.s. (*)
Total electricity of nuclear origin

2024/2023 change

 

% consumption of nuclear energy % consumption of nuclear energy

31/12/2024

3%
% consumption of nuclear energy

31/12/2023

 

% consumption of nuclear energy

2024/2023 change

 

Biofuels

Biofuels

31/12/2024

275

Biofuels

31/12/2023

161

Biofuels

2024/2023 change

+71%

Electricity from renewable sources

Electricity from renewable sources

31/12/2024

640

Electricity from renewable sources

31/12/2023

599

Electricity from renewable sources

2024/2023 change

+7%

Heat, steam, refrigeration from renewable sources

Heat, steam, refrigeration from renewable sources

31/12/2024

12

Heat, steam, refrigeration from renewable sources

31/12/2023

11

Heat, steam, refrigeration from renewable sources

2024/2023 change

+7%

Total renewable energy consumed Total renewable energy consumed

31/12/2024

927
Total renewable energy consumed

31/12/2023

771
Total renewable energy consumed

2024/2023 change

+20%
% consumption of renewable energy % consumption of renewable energy

31/12/2024

9%
% consumption of renewable energy

31/12/2023

7%
% consumption of renewable energy

2024/2023 change

 

Total energy consumption Total energy consumption

31/12/2024

10,344
Total energy consumption

31/12/2023

10,672
Total energy consumption

2024/2023 change

−3%
Consolidated net income (from VINCI’s consolidated financial statements – in € millions) Consolidated net income (from VINCI’s consolidated financial statements – in € millions)

31/12/2024

4,863
Consolidated net income (from VINCI’s consolidated financial statements – in € millions)

31/12/2023

4,702
Consolidated net income (from VINCI’s consolidated financial statements – in € millions)

2024/2023 change

+3%
 

 

31/12/2024

 

 

31/12/2023

 

 

2024/2023 change

 

Energy intensity (per million euros of net income from high climate impact activities) Energy intensity (per million euros of net income from high climate impact activities)

31/12/2024

2.1

Energy intensity (per million euros of net income from high climate impact activities)

31/12/2023

2.3

Energy intensity (per million euros of net income from high climate impact activities)

2024/2023 change

−6%

The Group’s total energy consumption fell by more than 3% from 2023. This decrease mainly came from a 10% reduction in diesel consumption, partially offset by the increased consumption of petrol (15%), LPG (23%) and biofuels (71%). However the energy mix remains relatively stable. Fuel, especially diesel fuel, is the energy source that the Group uses the most, primarily to power site machines and its fleet of vehicles. The consumption of high-carbon fuels, such as heavy fuel oil and coal, accounts for about 2% of the Group’s total energy consumption. In 2024, biofuels accounted for the 3% of the energy mix, up from 2% in 2023. The biofuels used by the Group are detailed in paragraph 5.3.1, “Energy indicators”, of the methodology note, page 274.

VINCI’s activities are all considered to be of high climate impact. Net income from high climate impact activities (€4,863 million) is the net income attributable to Group operations presented in the consolidated financial statements on page 316.

Total energy consumption by business line, with change
(GWh) Total fossil energy consumed  Total electricity of nuclear origin  Total renewable energy consumed  Total energy consumption in 2024 Consumption by business line (%) Total energy consumption in 2023 2024/2023 change
Concessions Concessions

Total fossil energy consumed 

336
Concessions

Total electricity of nuclear origin 

10
Concessions

Total renewable energy consumed 

496
Concessions

Total energy consumption in 2024

842
Concessions

Consumption by business line

(%)
8%
Concessions

Total energy consumption in 2023

890
Concessions2024/2023

change

−5%

VINCI Autoroutes VINCI Autoroutes

Total fossil energy consumed 

66

VINCI Autoroutes

Total electricity of nuclear origin 

0

VINCI Autoroutes

Total renewable energy consumed 

107

VINCI Autoroutes

Total energy consumption in 2024

173

VINCI Autoroutes

Consumption by business line

(%)

2%

VINCI Autoroutes

Total energy consumption in 2023

192

VINCI Autoroutes2024/2023

change

−10%

VINCI Airports

VINCI Airports

Total fossil energy consumed 

245

VINCI Airports

Total electricity of nuclear origin 

2

VINCI Airports

Total renewable energy consumed 

379

VINCI Airports

Total energy consumption in 2024

627

VINCI Airports

Consumption by business line

(%)

6%

VINCI Airports

Total energy consumption in 2023

653

VINCI Airports

2024/2023

change

−4%

Other concessions Other concessions

Total fossil energy consumed 

25

Other concessions

Total electricity of nuclear origin 

8

Other concessions

Total renewable energy consumed 

9

Other concessions

Total energy consumption in 2024

42

Other concessions

Consumption by business line

(%)

0%

Other concessions

Total energy consumption in 2023

45

Other concessions2024/2023

change

−7%

VINCI Energies VINCI Energies

Total fossil energy consumed 

1,238
VINCI Energies

Total electricity of nuclear origin 

32
VINCI Energies

Total renewable energy consumed 

137
VINCI Energies

Total energy consumption in 2024

1,407
VINCI Energies

Consumption by business line

(%)
14%
VINCI Energies

Total energy consumption in 2023

1,422
VINCI Energies2024/2023

change

−1%
Cobra IS Cobra IS

Total fossil energy consumed 

763
Cobra IS

Total electricity of nuclear origin 

8
Cobra IS

Total renewable energy consumed 

5
Cobra IS

Total energy consumption in 2024

777
Cobra IS

Consumption by business line

(%)
8%
Cobra IS

Total energy consumption in 2023

702
Cobra IS2024/2023

change

+11%
VINCI Construction VINCI Construction

Total fossil energy consumed 

6,783
VINCI Construction

Total electricity of nuclear origin 

214
VINCI Construction

Total renewable energy consumed 

286
VINCI Construction

Total energy consumption in 2024

7,283
VINCI Construction

Consumption by business line

(%)
70%
VINCI Construction

Total energy consumption in 2023

7,625
VINCI Construction2024/2023

change

−4%

VINCI Immobilier VINCI Immobilier

Total fossil energy consumed 

21
VINCI Immobilier

Total electricity of nuclear origin 

12
VINCI Immobilier

Total renewable energy consumed 

3
VINCI Immobilier

Total energy consumption in 2024

36
VINCI Immobilier

Consumption by business line

(%)
0%
VINCI Immobilier

Total energy consumption in 2023

34
VINCI Immobilier2024/2023

change

+5%
Total Total

Total fossil energy consumed 

9,141
Total

Total electricity of nuclear origin 

276
Total

Total renewable energy consumed 

927
Total

Total energy consumption in 2024

10,344
Total

Consumption by business line

(%)
100%
Total

Total energy consumption in 2023

10,672
Total2024/2023

change

−3%