2025 Universal Registration Document

General and financial elements

The main changes in scope affecting sustainability reporting for 2025 are acquisitions by VINCI Construction, such as FM Conway and Hub Foundation (Soletanche Freyssinet), and the Rota dos Cristais highway concession linking Belo Horizonte and Cristalina in Brazil (VINCI Highways). The impact of these changes in scope is detailed in the sustainability report for the indicators to which they contribute materially.

In previous financial years, acquisitions made during the period were included in year Y+1 for environmental data only. For the transition year in 2025, environmental reporting includes data from companies acquired in both 2024 and 2025. The impact of this change in method accounts for approximately 3% of the Group’s carbon emissions (Scopes 1 and 2) in 2025.

5.3 Adjustment for the 2024 reporting year
Water withdrawals

Data on withdrawals of dewatering water from VINCI Construction quarries published in the 2024 sustainability report included estimates relating to geographical scopes outside France, mainly Canada, the United States and Eastern Europe. After further analysis in 2025, these estimates ended up differing significantly from actual levels, which depend on external factors that are difficult to assess, such as rainfall. In 2025, the Group decided to report data on dewatering water exclusively from quarries in France (accounting for nearly 75% of the total reported in 2024), where actual data is collected and subject to monitoring requirements. The Group continues to work with professional industry organisations on improving the reliability of these indicators. The impact of this adjustment on data reported in 2024 reduces the volume of dewatering water from quarries by 10,043 thousand cu. metres, which breaks down as shown in the table below:

Water withdrawals
Water withdrawals
  2024 published 2024 adjusted  
(in thousands of cu. metres) Water purchased from networks Drilled water Dewatering water Total withdrawals Water purchased from networks Drilled water Dewatering water Total withdrawals Difference in withdrawals
Concessions 4,234 1,154 - 5,388 4,234 1,154 - 5,388 -
VINCI Autoroutes 752 278 n/a 1,030 752 278 n/a 1,030 -
VINCI Airports 3,428 874 n/a 4,302 3,428 874 n/a 4,302 -
Other concessions 53 2 n/a 55 53 2 n/a 55 -
VINCI Construction (quarries) n/a n/a 36,018 36,018 n/a n/a 25,975 25,975 -10,043
Total 4,234 1,154 36,018 41,406 4,234 1,154 25,975 31,363 -10,043
Resource inflows

Data on the tonnage of resource inflows used reported in the 2024 sustainability report include data on purchases made by subcontractors. In 2025, the scope of reported data was limited to the Group’s own activities. The impact of this adjustment on 2024 reported data reduces the volume of resources reported by 20,938 thousand tonnes, which breaks down as shown in the table below:

Resource inflows
(in thousands of tonnes) 2024 published 2024 adjusted  
Consumed resources Recycled or reused resources % recycled/ reused resources Consumed
resources
Recycled or reused resources % recycled/ Difference in consumed  resources
Aggregates 45,742 5,280 12% 37,594 5,280 14% −8,148
Bitumen 1,937     1,563     −374
Asphalt mix 9,729 1,758 18%       −9,729
Concrete 16,363     13,829     −2,534
Steel 716 215 30% 591 215 36% −125
Wood 107     79     −28
Total 74,593 7,252 10% 53,656 5,495 10% −20,938

In 2025, asphalt mix, previously reported in 2024 under “consumed resources”, was classified under “resources produced or extracted from quarries” as a result of improvements to reporting reliability.

5.4 Key elements of methodology
5.4.1 Energy indicators

Total energy consumption is expressed in megawatt hours (MWh), based on gross calorific value (GCV). The conversion factors used, drawn from version 23.5 of the Base Empreinte® database managed by French environment and energy management agency Ademe, are 10.66 kWh/litre for diesel fuel, 9.82 kWh/litre for petrol, 11.15 kWh/litre for used oils, 11,888 kWh/tonne for heavy fuel oil, 3,069 kWh/ tonne for coal (lignite), 10.66 kWh/litre for biofuels used as diesel substitutes (Oleo100, E85, HVO100, and others), 9.82 kWh/litre for other biofuels used as petrol substitutes, 9.78 kWh/litre for kerosene and 3,405 kWh/tonne for wood pellets.

5.4.2 Carbon intensity

Carbon intensity is calculated by dividing total greenhouse gas emissions (Scopes 1, 2 and 3) by the Group’s consolidated revenue as reported in its consolidated income statement (see the consolidated financial statements, page 338).