| (in thousands of tonnes of CO2e) | Baseline year(*) | 31/12/2025 | 31/12/2024 | 2025/2024 change | 2030 | 2025 vs baseline year(*) |
|---|---|---|---|---|---|---|
| Scope 1 | Scope 1 Baseline year (*)2,561 |
Scope 1 31/12/2025 1,985 |
Scope 1 31/12/2024 2,007 |
Scope 1 2025/2024 change -1% |
Scope 1 2030 1,537 |
Scope 1 2025 vs baseline year(*) 23% |
| % Scope 1 emissions from regulated emissions trading systems | % Scope 1 emissions from regulated emissions trading systems Baseline year (*)
|
% Scope 1 emissions from regulated emissions trading systems 31/12/2025 6% |
% Scope 1 emissions from regulated emissions trading systems 31/12/2024 6% |
% Scope 1 emissions from regulated emissions trading systems 2025/2024 change - |
% Scope 1 emissions from regulated emissions trading systems 2030
|
% Scope 1 emissions from regulated emissions trading systems 2025 vs baseline year(*)
|
| Market-based Scope 2 | Market-based Scope 2 Baseline year (*)317 |
Market-based Scope 2 31/12/2025 136 |
Market-based Scope 2 31/12/2024 162 |
Market-based Scope 2 2025/2024 change -16% |
Market-based Scope 2 2030 190 |
Market-based Scope 2 2025 vs baseline year(*) -57% |
| Location-based Scope 2 | Location-based Scope 2 Baseline year (*)
|
Location-based Scope 2 31/12/2025 257 |
Location-based Scope 2 31/12/2024 265 |
Location-based Scope 2 2025/2024 change -3% |
Location-based Scope 2 2030
|
Location-based Scope 2 2025 vs baseline year(*)
|
| Total Scope 1 and market-based Scope 2 | Total Scope 1 and market-based Scope 2 Baseline year (*)2,878 |
Total Scope 1 and market-based Scope 2 31/12/2025 2 121 |
Total Scope 1 and market-based Scope 2 31/12/2024 2,169 |
Total Scope 1 and market-based Scope 2 2025/2024 change -2% |
Total Scope 1 and market-based Scope 2 2030 1,727 |
Total Scope 1 and market-based Scope 2 2025 vs baseline year(*) -26% |
| Total Scope 1 and location-based Scope 2 | Total Scope 1 and location-based Scope 2 Baseline year (*)- |
Total Scope 1 and location-based Scope 2 31/12/2025 2,242 |
Total Scope 1 and location-based Scope 2 31/12/2024 2,272 |
Total Scope 1 and location-based Scope 2 2025/2024 change -1% |
Total Scope 1 and location-based Scope 2 2030
|
Total Scope 1 and location-based Scope 2 2025 vs baseline year(*)
|
| 1. Purchased goods and services | 1. Purchased goods and services Baseline year (*)18,886 |
1. Purchased goods and services 31/12/2025 16,955 |
1. Purchased goods and services 31/12/2024 16,142 |
1. Purchased goods and services 2025/2024 change +5% |
1. Purchased goods and services 2030
|
1. Purchased goods and services 2025 vs baseline year(*)-10% |
| 2. Capital goods | 2. Capital goods Baseline year (*)401 |
2. Capital goods 31/12/2025 402 |
2. Capital goods 31/12/2024 395 |
2. Capital goods 2025/2024 change +2% |
2. Capital goods 2030
|
2. Capital goods 2025 vs baseline year(*)0% |
| 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 (*)526 |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 31/12/2025 518 |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 31/12/2024 435 |
3. Fuel- and energy-related activities not included in Scope 1 or Scope 2 2025/2024 change 19% |
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 2025 vs baseline year(*)-2% |
| 4. Upstream transport and distribution | 4. Upstream transport and distribution Baseline year (*)779 |
4. Upstream transport and distribution 31/12/2025 769 |
4. Upstream transport and distribution 31/12/2024 748 |
4. Upstream transport and distribution 2025/2024 change +3% |
4. Upstream transport and distribution 2030
|
4. Upstream transport and distribution 2025 vs baseline year(*)-1% |
| 5. Waste generated in operations | 5. Waste generated in operations Baseline year (*)145 |
5. Waste generated in operations 31/12/2025 145 |
5. Waste generated in operations 31/12/2024 136 |
5. Waste generated in operations 2025/2024 change +6% |
5. Waste generated in operations 2030
|
5. Waste generated in operations 2025 vs baseline year(*)0% |
| 6. Business travel | 6. Business travel Baseline year (*)119 |
6. Business travel 31/12/2025 148 |
6. Business travel 31/12/2024 144 |
6. Business travel 2025/2024 change +3% |
6. Business travel 2030
|
6. Business travel 2025 vs baseline year(*)+24% |
| 7. Employee commuting, excluding company vehicles | 7. Employee commuting, excluding company vehicles Baseline year (*)194 |
7. Employee commuting, excluding company vehicles 31/12/2025 227 |
7. Employee commuting, excluding company vehicles 31/12/2024 218 |
7. Employee commuting, excluding company vehicles 2025/2024 change +4% |
7. Employee commuting, excluding company vehicles 2030
|
7. Employee commuting, excluding company vehicles 2025 vs baseline year(*)+17% |
| 8. Upstream leased assets | 8. Upstream leased assets Baseline year (*)11 |
8. Upstream leased assets 31/12/2025 100 |
8. Upstream leased assets 31/12/2024 90 |
8. Upstream leased assets 2025/2024 change +11% |
8. Upstream leased assets 2030
|
8. Upstream leased assets 2025 vs baseline year(*)+806% |
| Subtotal upstream Scope 3 | Subtotal upstream Scope 3 Baseline year (*)21 061 |
Subtotal upstream Scope 3 31/12/2025 19,263 |
Subtotal upstream Scope 3 31/12/2024 18,309 |
Subtotal upstream Scope 3 2025/2024 change +5% |
Subtotal upstream Scope 3 2030 16,849 |
Subtotal upstream Scope 3 2025 vs baseline year(*) -8% |
| 11. Use of sold products | 11. Use of sold products Baseline year (*)28,703 |
11. Use of sold products 31/12/2025 28,459 |
11. Use of sold products 31/12/2024 29 549 |
11. Use of sold products 2025/2024 change -4% |
11. Use of sold products 2030
|
11. Use of sold products 2025 vs baseline year(*)-1% |
| 12. End-of-life treatment of sold products | 12. End-of-life treatment of sold products Baseline year (*)56 |
12. End-of-life treatment of sold products 31/12/2025 61 |
12. End-of-life treatment of sold products 31/12/2024 58 |
12. End-of-life treatment of sold products 2025/2024 change +5% |
12. End-of-life treatment of sold products 2030
|
12. End-of-life treatment of sold products 2025 vs baseline year(*)+9% |
| 15. Capital goods | 15. Capital goods Baseline year (*)220 |
15. Capital goods 31/12/2025 254 |
15. Capital goods 31/12/2024 243 |
15. Capital goods 2025/2024 change +5% |
15. Capital goods 2030
|
15. Capital goods 2025 vs baseline year(*)+15% |
| Subtotal downstream Scope 3 | Subtotal downstream Scope 3 Baseline year (*)28,979 |
Subtotal downstream Scope 3 31/12/2025 28,774 |
Subtotal downstream Scope 3 31/12/2024 29,731 |
Subtotal downstream Scope 3 2025/2024 change -3% |
Subtotal downstream Scope 3 2030 23,183 |
Subtotal downstream Scope 3 2025 vs baseline year(*) -1% |
| Total scope 3 | Total scope 3 Baseline year (*)50,040 |
Total scope 3 31/12/2025 48,037 |
Total scope 3 31/12/2024 48,039 |
Total scope 3 2025/2024 change 0% |
Total scope 3 2030 40,032 |
Total scope 3 2025 vs baseline year(*) -4% |
| Total GHG emissions – Market-based | Total GHG emissions – Market-based Baseline year (*)52,918 |
Total GHG emissions – Market-based 31/12/2025 50,158 |
Total GHG emissions – Market-based 31/12/2024 50,208 |
Total GHG emissions – Market-based 2025/2024 change 0% |
Total GHG emissions – Market-based 2030 41,759 |
Total GHG emissions – Market-based 2025 vs baseline year(*) -5% |
| Total GHG emissions – Location-based | Total GHG emissions – Location-based Baseline year (*)- |
Total GHG emissions – Location-based 31/12/2025 50,279 |
Total GHG emissions – Location-based 31/12/2024 50,311 |
Total GHG emissions – Location-based 2025/2024 change 0% |
Total GHG emissions – Location-based 2030 - |
Total GHG emissions – Location-based 2025 vs baseline year(*) - |
| Consolidated revenue (in € millions) | Consolidated revenue (in € millions) Baseline year (*)
|
Consolidated revenue (in € millions) 31/12/2025 74,599 |
Consolidated revenue (in € millions) 31/12/2024 71,623 |
Consolidated revenue (in € millions) 2025/2024 change +4% |
Consolidated revenue (in € millions) 2030 - |
Consolidated revenue (in € millions) 2025 vs baseline year(*) - |
| Baseline year (*)
|
31/12/2025 |
31/12/2024 |
2025/2024 change |
2030 |
2025 vs baseline year(*) |
|
| Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue | Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue Baseline year (*)
|
Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue 31/12/2025 0.67 |
Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue 31/12/2024 0.70 |
Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue 2025/2024 change -4.1% |
Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue 2030 - |
Carbon intensity in thousands of tonnes of market-based CO2 equivalent per €m of revenue 2025 vs baseline year(*) - |
| Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue | Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue Baseline year (*)
|
Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue 31/12/2025 0.67 |
Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue 31/12/2024 0.70 |
Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue 2025/2024 change -4% |
Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue 2030 - |
Carbon intensity in thousands of tonnes of location-based CO2 equivalent per €m of revenue 2025 vs baseline year(*) - |
In 2025, emissions totalled 2,121 thousand tonnes of CO2, of which 1,985 thousand tonnes of CO2 for Scope 1 and 136 thousand tonnes of CO2 for Scope 2 using the market-based approach. On a like-for-like basis, market-based emissions decreased by 2% from 2024. Like-for-like direct emissions fell by 6% from 2024, reflecting the reduced energy consumption over the year, especially for the most carbon-intensive energy such as diesel, and the development of renewable energy. This decline is mainly the result of the initiatives presented under “Actions to reduce emissions from own operations”, in paragraph 2.2.2.1 “Climate change mitigation and energy”, page 213.
| (in thousands of tonnes of CO2e) | 2025 Scope 1 and market-based Scope 2 emissions | 2024 Scope 1 and market-based Scope 2 emissions | 2025/2024 change | 2025 Scope 1 and location-based Scope 2 emissions | 2024 Scope 1 and location-based Scope 2 emissions |
|---|---|---|---|---|---|
| VINCI Airports | VINCI Airports 2025 Scope 1 and market-basedScope 2 emissions 53 |
VINCI Airports 2024 Scope 1 and market-based Scope 2 emissions 72 |
VINCI Airports 2025/2024 change -27 % |
VINCI Airports 2025 Scope 1 and location-basedScope 2 emissions 115 |
VINCI Airports 2024 Scope 1 and location-basedScope 2 emissions 133 |
| VINCI Autoroutes | VINCI Autoroutes 2025 Scope 1 and market-basedScope 2 emissions 8 |
VINCI Autoroutes 2024 Scope 1 and market-based Scope 2 emissions 15 |
VINCI Autoroutes 2025/2024 change -45 % |
VINCI Autoroutes 2025 Scope 1 and location-basedScope 2 emissions 13 |
VINCI Autoroutes 2024 Scope 1 and location-basedScope 2 emissions 18 |
| VINCI Highways | VINCI Highways 2025 Scope 1 and market-basedScope 2 emissions 4 |
VINCI Highways 2024 Scope 1 and market-based Scope 2 emissions 3 |
VINCI Highways 2025/2024 change +42 % |
VINCI Highways 2025 Scope 1 and location-basedScope 2 emissions 6 |
VINCI Highways 2024 Scope 1 and location-basedScope 2 emissions 4 |
| Autres concessions | Autres concessions 2025 Scope 1 and market-basedScope 2 emissions 1 |
Autres concessions 2024 Scope 1 and market-based Scope 2 emissions 2 |
Autres concessions 2025/2024 change -60 % |
Autres concessions 2025 Scope 1 and location-basedScope 2 emissions 1 |
Autres concessions 2024 Scope 1 and location-basedScope 2 emissions 2 |
| Concessions | Concessions 2025 Scope 1 and market-basedScope 2 emissions 66 |
Concessions 2024 Scope 1 and market-based Scope 2 emissions 92 |
Concessions 2025/2024 change -28 % |
Concessions 2025 Scope 1 and location-basedScope 2 emissions 134 |
Concessions 2024 Scope 1 and location-basedScope 2 emissions 157 |
| VINCI Energies | VINCI Energies 2025 Scope 1 and market-basedScope 2 emissions 270 |
VINCI Energies 2024 Scope 1 and market-based Scope 2 emissions 287 |
VINCI Energies 2025/2024 change -6 % |
VINCI Energies 2025 Scope 1 and location-basedScope 2 emissions 279 |
VINCI Energies 2024 Scope 1 and location-basedScope 2 emissions 295 |
| Cobra IS | Cobra IS 2025 Scope 1 and market-basedScope 2 emissions 154 |
Cobra IS 2024 Scope 1 and market-based Scope 2 emissions 146 |
Cobra IS 2025/2024 change 5 % |
Cobra IS 2025 Scope 1 and location-basedScope 2 emissions 157 |
Cobra IS 2024 Scope 1 and location-basedScope 2 emissions 147 |
| Energy Solutions | Energy Solutions 2025 Scope 1 and market-basedScope 2 emissions 424 |
Energy Solutions 2024 Scope 1 and market-based Scope 2 emissions 433 |
Energy Solutions 2025/2024 change -2 % |
Energy Solutions 2025 Scope 1 and location-basedScope 2 emissions 436 |
Energy Solutions 2024 Scope 1 and location-basedScope 2 emissions 442 |
| VINCI Construction | VINCI Construction 2025 Scope 1 and market-basedScope 2 emissions 1,626 |
VINCI Construction 2024 Scope 1 and market-based Scope 2 emissions 1,641 |
VINCI Construction 2025/2024 change -1 % |
VINCI Construction 2025 Scope 1 and location-basedScope 2 emissions 1,668 |
VINCI Construction 2024 Scope 1 and location-basedScope 2 emissions 1,669 |
| VINCI Immobilier | VINCI Immobilier 2025 Scope 1 and market-basedScope 2 emissions 4 |
VINCI Immobilier 2024 Scope 1 and market-based Scope 2 emissions 4 |
VINCI Immobilier 2025/2024 change -10 % |
VINCI Immobilier 2025 Scope 1 and location-basedScope 2 emissions 4 |
VINCI Immobilier 2024 Scope 1 and location-basedScope 2 emissions 4 |
| Construction | Construction 2025 Scope 1 and market-basedScope 2 emissions 1,630 |
Construction 2024 Scope 1 and market-based Scope 2 emissions 1,644 |
Construction 2025/2024 change -1 % |
Construction 2025 Scope 1 and location-basedScope 2 emissions 1,672 |
Construction 2024 Scope 1 and location-basedScope 2 emissions 1,673 |
| Total | Total 2025 Scope 1 and market-basedScope 2 emissions 2,121 |
Total 2024 Scope 1 and market-based Scope 2 emissions 2,169 |
Total 2025/2024 change -2 % |
Total 2025 Scope 1 and location-basedScope 2 emissions 2,242 |
Total 2024 Scope 1 and location-basedScope 2 emissions 2,272 |
In 2019, the baseline year, VINCI’s indirect emissions (Scope 3), adjusted for acquisitions and disposals over the period, totalled approximately 50 million tonnes of CO2 (adjusted for acquisitions and disposals). At 31 December 2025, the Group’s Scope 3 emissions amounted to
48 million tonnes of CO2, a 4% reduction from 2019.
Scope 3 emissions remained stable from 2024 to 2025 but fell slightly by 0.2 million tonnes of CO2 equivalent on a like-for-like basis. Two GHG Protocol categories alone account for nearly 95% of emissions: purchases of goods and services and the use of built, operated and maintained infrastructure.
