This chart shows the Progress against the Group's direct emissions reduction target between 2018 and 2030, as a percentage of emissions reduction, comparing Actual progress to Planned progress.
Planned progress:
2018: 40%
2019: 40%
2020: 37%
2021: 35%
2022: 32%
2023: 29%
2024: 26%
2025: 21%
2030: 0%
Actual progress:
2018: 40%
2019: 40%
2020: 33%
2021: 33%
2022: 31%
2023: 30%
2024: 25%
2025: 20%
This 40% reduction target between 2018 and 2030 follows on from the previous environmental commitment from the VINCI Manifesto for the period from 2007 to 2018. This commitment resulted in a 25% reduction in the Group’s emissions between 2009 and 2018, which was expressed in terms of intensity relative to revenue. At 31 December 2025, a 20% reduction relative to the level reached in 2025 was needed to meet the 2030 target, which positions the Group slightly ahead (by 1 percentage point) of its planned progress.
2.3 Optimising resources thanks to the circular economy (ESRS E5)
In a context of increasing scarcity of natural resources, some of which are essential to the operation of its businesses, VINCI seeks to limit the footprint of its activities by promoting a circular economy approach. The Group’s approach involves improving design and manufacturing processes to extract less virgin materials, adopting efficient technologies and behaviours, and expanding reuse and recycling to reduce waste. Circular economy initiatives are locally rooted, in accordance with the diversity of the businesses and geographies in which the Group’s companies operate.
2.3.1 Identification of material impacts, risks and opportunities
To identify the main impacts, risks and opportunities (IROs) associated with resources and the circular economy, as part of its double materiality assessment (see section 1, “General information”, page 187), the Group conducted internal analyses and made use of existing research. For example, a 2022 environmental risk map for procurement in France was used as a starting point for identifying main resource inflows and prioritising the associated risks. The double materiality assessment covered own operations and the entire value chain, including upstream and downstream processes, from the extraction of virgin materials to the end of life of products and waste produced by the Group. The material IROs that were identified and the relevant stakeholders are presented in the table below.
| Material impacts, risks and opportunities | Businesses concerned | Position in the value chain and on the time horizon | Stakeholders concerned |
|---|---|---|---|
| Waste | Waste Businesses concerned
|
Waste Position in the value chain and on the time horizon
|
Waste Stakeholders concerned
|
Material impacts, risks and opportunities Negative impact: waste generated from the Group’s operations Degradation of natural spaces and habitats and pollution of soil, water and air related to poor management of waste from the Group’s operations (worksites, etc.) |
Businesses concerned All |
Position in the value chain and on the time horizon Downstream Short term |
Stakeholders concerned Nature Local communities Residents Public authorities |
Material impacts, risks and opportunities Positive impact: creation of waste recovery systems and user awareness-building Direct contribution to waste reduction and recycling by developing waste treatment and recycling systems and by raising the awareness of Group infrastructure users |
Businesses concerned VINCI Concessions VINCI Construction |
Position in the value chain and on the time horizon Downstream Short term |
Stakeholders concerned Customers Nature Employees, subcontractors, temporary staff |
| Resource inflows including resources used | Resource inflows including resources used Businesses concerned
|
Resource inflows including resources used Position in the value chain and on the time horizon
|
Resource inflows including resources used Stakeholders concerned
|
Material impacts, risks and opportunities Negative impact: depletion of resources Escalating depletion of natural resources (construction materials of mineral or forest origin, etc.) associated with the Group’s operations |
Businesses concerned VINCI Construction |
Position in the value chain and on the time horizon Upstream Long term |
Stakeholders concerned Nature |
Material impacts, risks and opportunities Opportunity: production of recycled materials Increase in revenue from the production and sale of recycled materials |
Businesses concerned VINCI Construction |
Position in the value chain and on the time horizon Downstream Short term |
Stakeholders concerned Customers Investors and lenders Nature |