2025 Universal Registration Document

General and financial elements

At Group level, environmental issues are a core part of VINCI’s risk assessment criteria (see paragraph 2.4.3, “Procedures related to commitments and the VINCI Risk Committee”, of chapter D, “Risk factors and management procedures”, page 183). Environmental risk assessments are also being carried out more widely among Group companies.

When certain worksites present a high risk of environmental impact, in particular with regard to local biodiversity, environmental managers partner with ecologists (specialist design offices, research institutions or non-profit organisations) to increase monitoring. In 2025, the Environment Department performed four internal audits, including one in support of the Group’s internal audit team, to assess the achievement of the Group’s environmental ambition (see paragraph 1.3.2, “ESG risk management and internal control”, of the sustainability report, page 196).

Additional analyses and various checks may be carried out at the subsidiary or project level.

Business line Assessment and control measures
VINCI Autoroutes

VINCI Autoroutes

Assessment and control measures
  • Inspection of measures to protect wildlife around motorways and supervision and monitoring agreements with many local and national organisations, such as the French Bird Protection League (LPO)
  • Inspection of work performed by specialist providers (including environmental performance)
  • Publicly released assessments of socio-economic and environmental impacts, called “Loti audits”, for new transport connections, established by the French domestic transport planning law (Law 82-1153 of 30 December 1982)
  • Mapping of social and environmental risks depending on the purchasing category (especially subcontracting), with the addition of assessment criteria and specific clauses in contracts, which involve penalties in the event of non-compliance
  • Internal audits to verify environmental management system compliance are organised each year with the aim of covering all processes and sites over a three-year certification cycle
  • Regulatory audits are carried out periodically by outside consultants (e.g. Apave or Antea) in order to provide an external perspective on the business line’s regulatory monitoring procedures and to verify the level of compliance at a selection of sites
VINCI Airports, VINCI Highways and other concessions

VINCI Airports, VINCI Highways and other concessions

Assessment and control measures
  • Environmental and social due diligence for investments and projects under development in order to analyse and take environmental and social risks into consideration at the earliest possible stage of a project
  • Quarterly monitoring of each asset’s environmental performance using key performance indicators relating to energy, water, waste and biodiversity.
  • Internal environmental audits at all airports in the VINCI Airports network handling more than 100,000 passengers per year
  • In order to obtain ISO 14001 certification, which is a key objective of the environmental policy of VINCI Airports and other concessions, subsidiaries must carry out an assessment of material environmental impacts and risks, with the deployment of related action plans
  • Regulatory monitoring procedures are implemented locally, in line with ISO 14001 requirements
  • Internal and external audits are carried out to ensure that these impacts and risks are being properly managed
  • For airports, external audits are performed as part of the Airport Carbon Accreditation (ACA) programme
VINCI Energies

VINCI Energies

Assessment and control measures
  • EcoVadis certification obtained by VINCI Energies companies in 2025 – Platinum for France, Gold for the Europe East Division and the Netherlands, and Silver for several Belgian and Swedish entities – recognising the quality of their sustainability management systems
  • CO2 Performance Ladder certification obtained in 2025 – Level 5 for the Netherlands and Level 3 for a few Belgian companies
  • Integrity Next self-assessment process repeated at VINCI Energies Germany
  • Afnor’s Engagé RSE label, level Confirmé, obtained in 2025 by the Nuclear division of VINCI Energies – the label assesses the maturity of an organisation’s sustainability strategy with respect to international standards such as ISO 26000
  • Regulatory monitoring procedures are implemented locally, particularly for ISO 14001 certified companies, as required by this standard
  • Risk assessment and environmental health and safety regulatory watch, centralised on an internal tool designed for VINCI Energies companies
  • Risk assessments at project level with analyses and action plans for environmental performance and compliance depending on local regulations
  • Compliance audits carried out at local level for projects to evaluate QHSE compliance and performance by sites
  • Use of Preventeo by VINCI Energies companies in France to obtain consolidated compliance results and translate non-compliance incidents into measures included in action plans
Cobra IS

Cobra IS

Assessment and control measures
  • Internal audits of subsidiaries and subcontractors
  • ISO 14001 certification obtained in recognition of the environmental assessment methods deployed by subsidiaries
  • Implementation of a structured internal reporting system enabling the traceability of environmental data in all subsidiaries, thereby facilitating decision-making and promoting transparency
  • Operational checks in the ImesAPI division of in-house transport protocols at sites requiring subcontractors to adopt carpooling and low-emissions transport.
VINCI Construction

VINCI Construction

Assessment and control measures
  • EcoVadis certification obtained in 2025 by the Building France and Civil Engineering France divisions (Silver) and by the Road France Division (Gold), with completion of the assessment by the Networks France Division expected for end-2025
  • Assessment of environmental risks for activities being acquired as well as investments in quarries or fixed production plants
  • Internal assessment of environmental risks for each project using a questionnaire based on local regulations and ISO 14001 (Earthworks, Maritime and River Works Delegation)
  • Legislative monitoring procedures are developed by all businesses
  • Regular internal audits as part of the “The Way We Work” quality initiative to ensure that entities have incorporated environmental action plans into their strategic business plans
  • Annual environmental audit (incorporated into the management system) for all local branches, which are all ISO 14001 certified, and monthly health, safety and environment (HSE) inspections by management for each project (Sogea-Satom)
  • Regulatory compliance audits (43 in France in 2025 for Road France Division entities)
  • 29 internal compliance audits in 2025 to assess worksite performance (Earthworks, Maritime and River Works Delegation) and 19 internal audits for the Road France Division, to verify the implementation of environmental action plans
  • Development of a specific environmental and product acceptance certification process for the Road France Division’s production plants, with two of them obtaining a five-star rating in 2025 (Chammes Enrobés and Nantes Enrobés)
  • Internal audits of worksites applying for in-house certification such as Attitude Environnement (Building France Division) or Excellence Environnement (Road France and Networks France divisions): in 2025, there were 332 certified worksites, generating combined revenue of more than €2 billion
VINCI Immobilier

VINCI Immobilier

Assessment and control measures
  • Quality audits carried out systematically at all residential property worksites (with the exception of certain joint developments) for example in compliance with VINCI Immobilier’s charter for clean worksites
  • In 2025, 63% of VINCI Immobilier operations certified NF Habitat or NF habitat HQE