| Material impacts, risks and opportunities | Businesses concerned | Position in the value chain and on the time horizon | Stakeholders concerned |
|---|---|---|---|
| Increase in CO2 emissions | Increase in CO2 emissions Businesses concerned
|
Increase in CO2 emissions Position in the value chain and on the time horizon
|
Increase in CO2 emissions Stakeholders concerned
|
Material impacts, risks and opportunities Negative impact: contribution to the increase in CO2 emissions Contribution to the extinction of ecosystems and the depletion of resources |
Businesses concerned All |
Position in the value chain and on the time horizon Downstream Long term |
Stakeholders concerned Local communities and residents Nature and biodiversity Media |
| Market uncertainties related to the transition | Market uncertainties related to the transition Businesses concerned
|
Market uncertainties related to the transition Position in the value chain and on the time horizon
|
Market uncertainties related to the transition Stakeholders concerned
|
Material impacts, risks and opportunities Transition risk: loss of revenue Loss of revenue in markets that contribute significantly to greenhouse gas emissions and could shrink as a result of more stringent regulations (construction of new buildings, motorway traffic, air travel, etc.) |
Businesses concerned All |
Position in the value chain and on the time horizon Own activities Medium term |
Stakeholders concerned Employees, subcontractors, temporary staff Subcontractors Customers Public authorities Local communities and residents Investors and lenders |
Material impacts, risks and opportunities Transition risk: additional costs Increase in costs (OpEx) resulting from the implementation of carbon pricing tools (carbon tax, carbon border adjustment mechanism, etc.) |
Businesses concerned All |
Position in the value chain and on the time horizon Upstream Medium term |
Stakeholders concerned Investors and lenders Customers Suppliers Subcontractors Public authorities |
| Accelerating energy renovation | Accelerating energy renovation Businesses concerned
|
Accelerating energy renovation Position in the value chain and on the time horizon
|
Accelerating energy renovation Stakeholders concerned
|
Material impacts, risks and opportunities Opportunity: energy renovation acceleration Increase in revenue from the growth of the energy renovation market and other low-carbon services |
Businesses concerned VINCI Construction VINCI Energies Cobra IS |
Position in the value chain and on the time horizon Own activities Short term |
Stakeholders concerned Employees, subcontractors, temporary staff Subcontractors Public authorities Customers Local communities and residents Investors |
VINCI has identified energy-related risks based on discussions with its purchasing and energy experts and forward-looking scenarios including hypothetical energy price hikes (IEA, the IPCC’s SSP1-2.6, Ademe’s “Génération frugale”), as well as societal transition pathways to low-carbon energy (based on scenarios from the IPCC, France’s public operator RTE, IEA, and others). The 2022 energy crisis pushed up energy costs and challenged the Group’s purchasers and financial teams. As a result, VINCI intensified its efforts to consume less energy and optimise the energy performance of its buildings and infrastructure, contributing to the achievement of its greenhouse gas emissions reduction targets (see “Actions to reduce emissions from own operations” in paragraph 2.2.2.1, “Climate change mitigation and energy”, page 213).
At the same time, the Group successfully seized strategic opportunities in the energy transition, through an integrated offer of financing, construction, connection and maintenance of renewable energy production facilities, such as solar photovoltaic power plants, wind power projects and hydroelectric dams. VINCI also plays a key role in the development of infrastructure needed for low-carbon electrification, such as electricity transmission and distribution networks, substations that connect wind and solar farms to the grid, and electric battery plants (see EU Taxonomy activities 4.9 and 7.3 in paragraph 2.1.1.1, “Eligibility and alignment of VINCI’s revenue”, page 203). Lastly, 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.
| Material impacts, risks and opportunities | Businesses concerned | Position in the value chain and on the time horizon | Stakeholders concerned |
|---|---|---|---|
| Energy consumption | Energy consumption Businesses concerned
|
Energy consumption Position in the value chain and on the time horizon
|
Energy consumption Stakeholders concerned
|
Material impacts, risks and opportunities Negative impact: contribution to the acceleration of climate change Contribution to the acceleration of (irreversible) climate change due to the combustion of fossil fuels by site machinery and trucks, company and utility vehicles, industrial activities, and buildings |
Businesses concerned All |
Position in the value chain and on the time horizon Downstream Medium term |
Stakeholders concerned Customers Public authorities Local communities and residents Nature and biodiversity |
Material impacts, risks and opportunities Risk: increase in energy costs Impact on margins of energy cost increases (due to scarcity, taxes, etc.) |
Businesses concerned All |
Position in the value chain and on the time horizon Upstream Short term |
Stakeholders concerned Investors and lenders Concession grantors Public authorities Local communities and residents Customers Suppliers Subcontractors |
Material impacts, risks and opportunities Opportunity: supporting the transition to a low-carbon economy Supporting the transition to a low-carbon economy (sustainable mobility; financing, construction, connection and maintenance of renewable energy production facilities such as solar photovoltaic power plants and wind power projects; development of low-carbon hydrogen production infrastructure) |
Businesses concerned VINCI Concessions VINCI Energies Cobra IS |
Position in the value chain and on the time horizon Downstream Long term |
Stakeholders concerned Users of infrastructure and services Customers Public authorities Local communities and residents Investors and lenders |
Climate change is a reality causing more frequent and more intense extreme weather events each year. The IPCC’s Sixth Assessment Report shows that human activities are causing climate change and stresses the need for adaptation.
VINCI began this work in 2020 with an initial analysis of the resilience of its activities to extreme weather events in the short, medium and long term. The findings enabled the Group to raise awareness in business lines of the need for climate change adaptation and to communicate strategies to be implemented at each project stage (tendering, contract, design, building and operation) in order to better prepare for extreme weather events.
