2025 Universal Registration Document

General and financial elements

At the end of 2025, the carbon credits generated and used by VINCI companies were as follows:

  Owned before 2025 Added in 2025 Cancelled/used in 2025 Total owned at 2025 year-end
  Total in ktCO2e of which % certified to recognised quality standards(*) of which % related to projects in EU Total in ktCO2e of which % certified to recognised quality standards(*) of which % related to projects in EU Total in ktCO2e of which % certified to recognised quality standards(*) of which % related to projects in EU Total in ktCO2e of which % certified to recognised quality standards(*)  of which % related to projects in EU of which use planned before 2030 of which use planned after 2030
Forest restoration  10.6 100% 100% 6.1 53% 42% 3.6 19% 0% 13.1 100% 100% 3.4 9.7
CO2 capture and storage projects       0.3 0% 100% 0.3 0% 100%          
Removal (direct operations)   10.6 100% 100% 6.5 50% 45% 3.9 17% 9 % 13.1 100% 100% 3.4 9.7
Forest restoration   2.1 100% 100% 0.5 0% 0% 0.5 0% 0% 2.1 100% 100%   2.1
Removal (value chain) 2.1 100% 100% 0.5 0% 0% 0.5 0% 0% 2.1 100% 100%   2.1
Total removal 12.7 100% 100% 6.9 47% 42% 4.4 16% 8 % 15.2 100% 100% 3.4 11.8
Waste management       6.1 100% 0% 6.1 100% 0%          
Forest restoration       5.4 100% 0% 5.4 100% b          
Reduction (direct operations)       11.5 100% 0% 11.5 100% 0%          
Other projects       0.8 100% 0% 0.8 100% 0%          
Reduction (value chain)       0.8 100% 0% 0.8 100% 0%          
Total reduction        12.3 100% 0% 12.3 100% 0% 0.0 0% - 0.0 0.0

In 2025, several forest restoration projects were supported by VINCI Airports, mainly in France and Brazil by Toulon Hyères and Salvador Bahia airports as part of their efforts to achieve ACA Level 5 certification.

Outside France, several airports, such as the ANA airports in Portugal, are participating in reforestation projects to sequester their residual emissions under the ACA programme. For example, the Hectares da Bioesfera programme, launched in 2025, will plant 100,000 indigenous trees on 100 hectares in the Serra do Gerês. The 20-year project aims to bolster the area’s carbon storage, restore biodiversity and strengthen ecological resilience to fire.

For reforestation projects having received the Bas Carbone label or certified by Verra, the potential occurrence of wildfires or other climate events in the decades to come is already factored into the amount of credits generated.

2.2.2.2 Climate change adaptation
Adaptation policy and objectives

Climate change has direct consequences for the Group’s businesses and its employees, such as worksite staff (see paragraph 3.1.3.2, “Health and safety: by everyone, for everyone”, page 256). The growing intensity of extreme weather events is affecting all Group businesses. Extreme weather can threaten business continuity at infrastructure concessions. In other activities, it also exposes workers to risks, especially during the works phase, and affects the structures being built by the Group. At the same time, extreme weather risks also create opportunities for climate change adaptation work, such as building sea walls and dams and repairing power lines.

Pour augmenter la résilience de ses activités, le Groupe met en œuvre une politique d’adaptation structurée autour des trois objectifs suivants :

  • adapt the Group’s infrastructure under concession to contend with extreme weather events;
  • strengthen the resilience of structures built for customers;
  • develop adaptation solutions for Group customers.

The adaptation policy relies on several essential measures to meet these goals:

  • performing vulnerability analyses and implementing adaptation plans for concession assets;
  • taking action to increase the resilience of structures;
  • developing expertise in improving a region’s resilience.