Further information is provided in paragraph 1.4.1, “Stakeholder engagement”, page 193.
The VINCI Group has carried out work to identify its impacts, risks and opportunities (IRO) relating to the stakeholders in its value chain as part of its double materiality assessment. The detailed methodology can be found in paragraph 1.1.2, “Double materiality assessment”, page 188, and the main impacts, risks and opportunities relating to social issues in the value chain (ESRS S2) are presented in the following table:
| Specific material issue |
Impact materiality
|
Financial materiality
|
|---|---|---|
| Human rights in the value chain | Human rights in the value chain
Impact materiality
Negative impacts
|
Human rights in the value chain
Financial materiality
Risks
|
| Forced labour in the value chain | Forced labour in the value chain
Impact materiality
Negative impacts
|
Forced labour in the value chain
Financial materiality
Risks
|
| Health and safety in the value chain | Health and safety in the value chain
Impact materiality
Negative impacts
|
Health and safety in the value chain
Financial materiality
Risks
|
Policy
VINCI joined the UN Global Compact in 2003 and is committed to supporting and promoting respect for human rights within its sphere of influence, and to ensuring that Group companies are not involved in human rights abuses. Representing a total of nearly €40 billion in 2024, purchases are an integral part of the Group’s focus on all-round performance. Purchasing is a key financial and sustainable performance driver for the Group’s activities and strategic objectives. The aim is to meet the Group’s strategic and operational challenges relating to production, sourcing and even effective control over costs, while ensuring the development of strong and lasting relationships with purchasing partners and managing risks in the value chain.
| (in € billions) | 2024 | 2023 | Change |
|---|---|---|---|
| Total amount of purchases | Total amount of purchases 2024 39.4 |
Total amount of purchases 2023 38.8 |
Total amount of purchases Change +1.5% |
| Percentage of revenue allocated to purchases | Percentage of revenue allocated to purchases 2024 55% |
Percentage of revenue allocated to purchases 2023 56% |
Percentage of revenue allocated to purchases Change −1.8% |
| of which purchases consumed | of which purchases consumed 2024 15.7 |
of which purchases consumed 2023 15.8 |
of which purchases consumed Change −0.6% |
| of which purchases of external services | of which purchases of external services 2024 8.0 |
of which purchases of external services 2023 7.6 |
of which purchases of external services Change +5.3% |
| of which subcontracting (excluding concession operating companies’ construction costs) | of which subcontracting (excluding concession operating companies’ construction costs) 2024 13.9 |
of which subcontracting (excluding concession operating companies’ construction costs) 2023 13.7 |
of which subcontracting (excluding concession operating companies’ construction costs) Change +1.5% |
| of which temporary staff | of which temporary staff 2024 1.8 |
of which temporary staff 2023 1.7 |
of which temporary staff Change +5.9% |
This information is presented in Note D.4 to the consolidated financial statements, “Operating income”, page 331.
Approved in 2024 and spearheaded by the Chairman and Chief Executive Officer, the Group’s purchasing policy sets out the core principles that apply to employees handling purchases. The aim is to ensure that all participants in Group projects behave in accordance with legal requirements and VINCI’s values, while receiving any support required, with a focus on progress. This policy is published in the Group’s five main languages on its intranet. It requires employees handling purchases to communicate with their purchasing partners and ensure their compliance with the fundamental principles relating to human rights. Specifically, they must not tolerate any form of illegal or concealed labour, and they must offer working conditions that are aligned with the fundamental conventions of the International Labour Organisation (ILO). These conventions include the prohibition and prevention of child labour, the prohibition and prevention of forced labour, including human trafficking, and the prohibition and prevention of all forms of workplace discrimination and harassment.
In this policy, VINCI also defines its key ethical and vigilance guidelines, and reminds all employees involved in handling purchases about the need to:
