VINCI Construction accounts for 70% of the Group’s total energy consumption, mostly due to its industrial activities. The reduction in total energy consumption seen in 2024 is thus attributable to declines in activity in energy-intensive sectors (lime and asphalt production mainly in France and elsewhere in Europe) as well as energy sufficiency and efficiency initiatives put in place by VINCI companies.
Use of renewable energy
In addition to the initiatives taken by VINCI companies to reduce their energy consumption, the use of electricity from renewable sources and biofuels has risen sharply since 2018. In 2024, 640 GWh of renewable electricity was used, representing an increase of more than 7% compared with 2023. Renewable electricity accounted for 40% of total electricity used, compared with 37% in 2023, and came from several sources: purchases of guarantee of origin certificates, renewable energy supply contracts, off-site and on-site power purchase agreements, and sites’ own energy production and self-consumption. VINCI Concessions was responsible for 78% of the Group’s self-consumption of electricity produced on site. Biofuel consumption totalled 275 GWh, of which 57% was used by VINCI Construction.
Energy production
Energy produced by VINCI companies and not used by the Group was 7 TWh in 2024. This figure breaks down into 1 TWh of renewable energy (solar, wind, etc.), accounting for 16% of the Group’s total production (see activities described under “Supporting the transition to a low-carbon economy” in paragraph 2.2.2.1, “Climate change mitigation and energy”, page 211), and 6 TWh of non-renewable energy, accounting for about 84% of the Group’s total production.
The methodology used to determine the greenhouse gas (GHG) emissions of VINCI’s businesses is based on the Group’s energy consumption data presented above as well as the emissions factors presented in paragraph 5.3.3.1, “Scope 1 and Scope 2 greenhouse gas emissions”, of the methodology note, page 274. Scope 1 includes direct emissions from the use of biofuels, fossil fuels (fixed sites, worksites and company vehicles), as well as non-energy emissions (VINCI Construction’s lime plants). Scope 2 includes indirect emissions produced to make energy (mainly electricity) purchased and used at fixed sites and for projects. Scope 2 emissions are calculated using two methods: location-based and market-based, which are described in paragraph 5.3.3.1, “Scope 1 and Scope 2 greenhouse gas emissions”, of the methodology note, page 274). The difference between the emissions values recognised using these two methods is due to the fact that market-based emissions take into account contracts for the purchase of electricity from renewable sources, such as off-site power purchase agreements and guarantee of origin certificates, signed for a total of 589 GWh in 2024. These contracts represented a reduction of 103,000 tonnes of CO2 equivalent, or 39% of location-based Scope 2 emissions in 2024.
GHG emissions
| (in thousands of tonnes of CO2e) | Baseline year (*) | 31/12/2024 | 31/12/2023 | 2024/2023 change | 2030 |
Baseline year (*) / 2024 change |
|---|---|---|---|---|---|---|
| Scope 1 | Scope 1Baseline year (*)1112,452 | Scope 131/12/20242,007 | Scope 131/12/20232,178 | Scope 12024/2023 change −8% |
Scope 120301,471 | Scope 1
Baseline year (*) / 2024 change −18% |
| % Scope 1 emissions from regulated emissions trading systems | % Scope 1 emissions from regulated emissions trading systemsBaseline year (*)n/a | % Scope 1 emissions from regulated emissions trading systems31/12/20246% | % Scope 1 emissions from regulated emissions trading systems31/12/20236% | % Scope 1 emissions from regulated emissions trading systems2024/2023 change
|
% Scope 1 emissions from regulated emissions trading systems2030n/a | % Scope 1 emissions from regulated emissions trading systems
Baseline year (*) / 2024 change - |
| Market-based Scope 2 | Market-based Scope 2Baseline year (*)308 | Market-based Scope 231/12/2024162 | Market-based Scope 231/12/2023187 | Market-based Scope 22024/2023 change −13% |
Market-based Scope 22030185 | Market-based Scope 2
Baseline year (*) / 2024 change −47% |
| Location-based Scope 2 | Location-based Scope 2Baseline year (*)n/a | Location-based Scope 231/12/2024265 | Location-based Scope 231/12/2023263 | Location-based Scope 22024/2023 change +1% |
Location-based Scope 22030-
|
Location-based Scope 2
Baseline year (*) / 2024 change - |
| Total market-based Scope 1 and Scope 2 | Total market-based Scope 1 and Scope 2Baseline year (*)2,761 | Total market-based Scope 1 and Scope 231/12/20242,169 | Total market-based Scope 1 and Scope 231/12/20232,364 | Total market-based Scope 1 and Scope 22024/2023 change −8% |
Total market-based Scope 1 and Scope 220301,656 | Total market-based Scope 1 and Scope 2
Baseline year (*) / 2024 change −21% |
| Total location-based Scope 1 and Scope 2 | Total location-based Scope 1 and Scope 2Baseline year (*)n/a | Total location-based Scope 1 and Scope 231/12/20242,272 | Total location-based Scope 1 and Scope 231/12/20232,441 | Total location-based Scope 1 and Scope 22024/2023 change −7% |
Total location-based Scope 1 and Scope 22030- | Total location-based Scope 1 and Scope 2
Baseline year (*) / 2024 change n/a |
| 1. Purchased goods and services | 1. Purchased goods and services Baseline year (*)18,382 |
1. Purchased goods and services 31/12/202416,142 |
1. Purchased goods and services 31/12/202313,725 |
1. Purchased goods and services 2024/2023change +18% |
1. Purchased goods and services 2030- |
1. Purchased goods and services Baseline year (*) / 2024 change - |
| 2. Capital goods | 2. Capital goods Baseline year (*)391 |
2. Capital goods 31/12/2024395 |
2. Capital goods 31/12/2023417 |
2. Capital goods 2024/2023change −5% |
2. Capital goods 2030- |
2. Capital goods Baseline year (*) / 2024 change - |
| 3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 | 3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 Baseline year (*)511 |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 31/12/2024435 |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 31/12/2023429 |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 2024/2023change +1% |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 2030- |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 Baseline year (*) / 2024 change - |
| 4. Upstream transport and distribution | 4. Upstream transport and distribution Baseline year (*)757 |
4. Upstream transport and distribution 31/12/2024748 |
4. Upstream transport and distribution 31/12/2023711 |
4. Upstream transport and distribution 2024/2023change +5% |
4. Upstream transport and distribution 2030- |
4. Upstream transport and distribution Baseline year (*) / 2024 change - |
| 5. Waste generated in operations | 5. Waste generated in operations Baseline year (*)140 |
5. Waste generated in operations 31/12/2024136 |
5. Waste generated in operations 31/12/2023141 |
5. Waste generated in operations 2024/2023change −4% |
5. Waste generated in operations 2030- |
5. Waste generated in operations Baseline year (*) / 2024 change - |
| 6. Business travel | 6. Business travel Baseline year (*)115 |
6. Business travel 31/12/2024144 |
6. Business travel 31/12/2023129 |
6. Business travel 2024/2023change +12% |
6. Business travel 2030- |
6. Business travel Baseline year (*) / 2024 change - |
| 7. Employee commuting, excluding company vehicles | 7. Employee commuting, excluding company vehicles Baseline year (*)181 |
7. Employee commuting, excluding company vehicles 31/12/2024218 |
7. Employee commuting, excluding company vehicles 31/12/2023216 |
7. Employee commuting, excluding company vehicles 2024/2023change 1% |
7. Employee commuting, excluding company vehicles 2030- |
7. Employee commuting, excluding company vehicles Baseline year (*) / 2024 change - |
| 8. Upstream leased assets | 8. Upstream leased assets Baseline year (*)11 |
8. Upstream leased assets 31/12/202490 |
8. Upstream leased assets 31/12/202371 |
8. Upstream leased assets 2024/2023change +27% |
8. Upstream leased assets 2030- |
8. Upstream leased assets Baseline year (*) / 2024 change - |
| Subtotal upstream Scope 3 | Subtotal upstream Scope 3Baseline year (*)20,488 | Subtotal upstream Scope 331/12/202418,309 | Subtotal upstream Scope 331/12/202315,839 | Subtotal upstream Scope 32024/2023 change +16% |
Subtotal upstream Scope 3203014,877
|
Subtotal upstream Scope 3
Baseline year (*) / 2024 change - |
| 11. Use of sold products | 11. Use of sold products Baseline year (*)28,049 |
11. Use of sold products 31/12/202429,549 |
11. Use of sold products 31/12/202327,384 |
11. Use of sold products 2024/2023change +8% |
11. Use of sold products 2030- |
11. Use of sold products Baseline year (*) / 2024 change - |
| 12. End-of-life treatment of sold products | 12. End-of-life treatment of sold products Baseline year (*)54 |
12. End-of-life treatment of sold products 31/12/202458 |
12. End-of-life treatment of sold products 31/12/202350 |
12. End-of-life treatment of sold products 2024/2023change +16% |
12. End-of-life treatment of sold products 2030- |
12. End-of-life treatment of sold products Baseline year (*) / 2024 change - |
| 15. Capital goods | 15. Capital goods Baseline year (*)205 |
15. Capital goods 31/12/2024243 |
15. Capital goods 31/12/2023243 |
15. Capital goods 2024/2023change - |
15. Capital goods 2030- |
15. Capital goods Baseline year (*) / 2024 change - |
| Subtotal downstream Scope 3 | Subtotal downstream Scope 3Baseline year (*)28,308 | Subtotal downstream Scope 331/12/202429,731 | Subtotal downstream Scope 331/12/202327,676 | Subtotal downstream Scope 32024/2023 change +7% |
Subtotal downstream Scope 3203024,158 | Subtotal downstream Scope 3
Baseline year (*) / 2024 change - |
| Total Scope 3 | Total Scope 3Baseline year (*)48,796 | Total Scope 331/12/202448,039 | Total Scope 331/12/202343,515 | Total Scope 32024/2023 change +10% |
Total Scope 3203039,035
|
Total Scope 3
Baseline year (*) / 2024 change −2% |
| Total GHG emissions – Market-based | Total GHG emissions – Market-basedBaseline year (*)51,557 | Total GHG emissions – Market-based31/12/202450,208 | Total GHG emissions – Market-based31/12/202345,880 | Total GHG emissions – Market-based2024/2023 change +9% |
Total GHG emissions – Market-based203040,693
|
Total GHG emissions – Market-based
Baseline year (*) / 2024 change
|
| Total GHG emissions – Location-based | Total GHG emissions – Location-basedBaseline year (*)n/a | Total GHG emissions – Location-based31/12/202450,311 | Total GHG emissions – Location-based31/12/202345,956 | Total GHG emissions – Location-based2024/2023 change +9% |
Total GHG emissions – Location-based2030-
|
Total GHG emissions – Location-based
Baseline year (*) / 2024 change - |
| Consolidated revenue (in € millions) | Consolidated revenue (in € millions)Baseline year (*)48,053 | Consolidated revenue (in € millions)31/12/202471,623 | Consolidated revenue (in € millions)31/12/202368,838 | Consolidated revenue (in € millions)2024/2023 change +4% |
Consolidated revenue (in € millions)2030-
|
Consolidated revenue (in € millions)
Baseline year (*) / 2024 change - |
Baseline year (*)
|
31/12/2024
|
31/12/2023
|
2024/2023 change
|
2030
|
Baseline year (*) / 2024 change
|
|
| Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenue | Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenueBaseline year (*)
1.01 |
Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenue31/12/20240.70 | Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenue31/12/20230.74 | Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenue2024/2023 change - |
Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenue2030-
|
Carbon intensity in thousand tonnes of market-based CO2 equivalent per €m of revenue
Baseline year (*) / 2024 change - |
| Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenue | Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenueBaseline year (*)n/a | Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenue31/12/20240.70 | Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenue31/12/20230.74 | Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenue2024/2023 change - |
Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenue2030-
|
Carbon intensity in thousand tonnes of location-based CO2 equivalent per €m of revenue
Baseline year (*) / 2024 change - |
VINCI’s carbon intensity in 2024 was 0.70 thousand tonnes of CO2 equivalent per million euros of revenue, down from 0.74 thousand tonnes of CO2 equivalent per million euros of revenue in 2023. The revenue used to calculate the carbon intensity ratio is presented in the consolidated financial statements on page 316. The methodology used to calculate the carbon intensity ratio is presented in paragraph 5.3.2, “Carbon intensity”, of the methodology note, page 274. Two industrial sites in the VINCI Group are subject to the EU-ETS emissions cap and bought 1,375 tonnes of CO2 equivalent in 2024.
