2025 Universal Registration Document

General and financial elements

The Building France and Civil Engineering France divisions of VINCI Construction have undertaken to achieve a recycling rate of 80% at all their worksites by 2030. At 31 December 2025, the Building France Division had recovered 94% of its waste, including inert waste and materials (93% in 2024), while the Civil Engineering France Division achieved a rate of 95% (89% in 2024).

VINCI Construction in British Columbia (Canada) enhanced its waste management strategy with the aim of increasing its overall recycling rate to 70%. A table was drawn up to identify the waste materials to be recycled, based on the type of project or site (asphalt plant, workshop or material recycling facility).

VINCI companies contract with internal and external startups to implement innovative worksite waste management solutions. Waste Marketplace, a startup developed through Leonard’s intrapreneurship programme, offers a digital platform that connects worksites with waste service providers and industrial users of secondary raw materials. Various Group entities use the solution to coordinate faster and more efficient dumpster collection, implement custom solutions to handle special waste, and improve recovery rates. Waste Marketplace generated close to €20 million in revenue in 2025. The platform handled about 120,000 tonnes of waste during the year, with a recovery rate of 80%. In 2025, through the partnership signed with the startup Akanthas in 2024, waste analyses using artificial intelligence were carried out for the worksites on the southern section of Line 15 West of the Grand Paris Express (led by Dodin Campenon Bernard). The aim is to optimise waste sorting, as part of a project supported by the French environment and energy management agency Ademe.

In support of VINCI Construction’s commitment to responsible waste management and with respect to extended producer responsibility in the building sector, the Greater Paris Renovated Functional Structures delegation began separating recyclable waste at worksites, with an initial recovery rate of 36%. The residual waste was entrusted to a specialist service provider. Thanks to these combined efforts, 90% of waste generated at worksites was sorted and 95% was recovered.

At Cobra IS, uncontaminated materials were ground and recycled for use in backfill and road construction, thus advancing the circular economy in the public works sector. A high percentage of construction waste was recovered, recycled or transformed into eco-materials such as bricks and paving stones.

In 2025, Cobra Perú recovered or recycled nearly all of its construction waste materials through a strategic partnership with Ciclo, a leading construction waste management company and producer of eco-materials in Latin America. The waste materials are transformed into aggregates to be used in the production of recycled bricks and paving stones, for example. In 2025, the waste recovery rate was 54% for Cobra IS (8% in 2024).

To encourage the recycling of personal protective equipment (PPE), Sogea Environment (VINCI Construction) has partnered with Ulisse, a non-profit organisation promoting professional integration. The ABS plastic shell is shredded and the recovered material is reinjected into the manufacturing process for road equipment at Sodilor’s facility in Moselle. This new PPE recycling activity was created at Sodilor in 2023.

Building concession user awareness of waste management

In France, the #BienArriver events held in the summer at VINCI Autoroutes service areas raised motorists’ awareness of the dangers of littering and the irresponsible disposal of cigarette butts. The VINCI Autoroutes Foundation renewed its anti-littering campaigns, such as its #StopMégots campaign in partnership with Entente Valabre, to urge people to stop throwing cigarette butts out of car windows. On average, 100 cigarette butts are discarded in this way every day per kilometer in each direction of traffic.

2.3.2.3 Increasing the supply of recycled materials and processing facilities
Policy for increasing the supply of recycled materials and processing facilities

The business of some Group companies is to produce materials, for example quarry operations. Their main challenges are therefore to develop alternatives for primary materials by deploying recycled materials and developing recycling facilities.

The “Increasing the supply of recycled materials and processing facilities” opportunity identified in the materiality assessment applies only to VINCI Construction’s activities, the only business line to own material production sites (quarries, asphalt plants and material recycling facilities). VINCI Construction strives to offer its customers new alternatives to the virgin materials traditionally used in the construction industry. Its external growth strategy reflects this goal and targets companies specialised in materials recycling. In 2025, this led to the purchase of FM Conway in the United Kingdom, a leading UK public works contractor that operates four asphalt and concrete recycling plants to produce high-quality recycled materials (e.g. reclaimed asphalt). Other similar acquisitions were completed in Quebec as well as the Czech Republic, including the Kolín recycling facility. Recycling facilities are also being added to existing plants, while the activities of other plants are being entirely transformed. For example, the Černovice plant in the Czech Republic was converted into a construction materials recycling plant in 2025.

In the Concessions business, the aim is to contribute to waste reduction and recycling by developing dedicated infrastructure for waste treatment and processing, in particular by creating new waste recovery systems.

Actions to increase the supply of recycled materials and processing facilities
Expanding the production of recycled materials

Double the production of recycled materials at VINCI Construction (in millions of tonnes)

2019: 10  2025: 16  2024: 16  2030: 20

To limit the use of natural resources, more recycled materials must be available. VINCI companies, therefore, work to increase the share of recycled materials used in their construction processes. VINCI Construction, for example, has set several ambitious targets for 2030. It will double the production of recycled materials at quarries and processing facilities compared with 2019.