VINCI is active in sectors that contribute significantly to climate change: transport and construction are responsible for over 50% of greenhouse gas emissions each year. And these sectors are acutely exposed to the risks arising from climate change. That is whythe Group is taking action to limit the future consequences of climate change, by setting an ambitious target to cut its gross emissions and by setting an ambitious target to cut its gross emissions and working towards it throughout its value chain.
Limiting the future consequences of climate change
VINCI is active in sectors that contribute significantly to climate change: transport and construction are responsible for over 50% of greenhouse gas emissions each year. And these sectors are acutely exposed to the risks arising from climate change. That is why the Group is setting an ambitious target to cut its gross emissions and working towards it throughout its value chain.
This means optimising our energy consumption, switching to renewable sources on a massive scale, thinking again about the way we design projects, and thereby making our buildings and infrastructure more resilient, carbon-light and energy-efficient. It also means inventing new services and solutions that transform mobility, homes and lifestyles, so that our customers can shrink their carbon footprints too.
In this way, VINCI is contributing to the collective effort to achieve carbon neutrality, which is vital in limiting the rise in global temperatures.
OUR AMBITION FOR 2050:
NET ZERO GREENHOUSE GAS EMISSIONS.
A strategy of continuous improvement
VINCI mobilises its teams and innovation potential to reduce the impact of its own activities as well as the carbon footprint and climate exposure of the projects it undertakes and manages for clients and local authorities.
VINCI is reassessing all its production and operation methods and equipment. The action plans currently being rolled out at Group level and within each business line, together with indicators to measure progress, unite employees, stakeholders and the users of buildings and infrastructure managed by VINCI in reducing both direct and indirect emissions simultaneously.
VINCI is also launching research and development initiatives and scientific and technological partnerships, notably with ParisTech. In addition, it has set up a working group –comprising experts in all its fields and based at Leonard, the innovation and foresight platform– that focuses on progressively factoring climate resilience into its offers, projects, structures and solutions.
VINCI’s greenhouse gas emissions reduction trajectory is compatible with the Paris Agreement, which is aimed at keeping global warming well within 2°C between now and the end of the century. The Group’s target is to reduce its direct (Scopes 1 and 2) emissions by 40% by 2030 (in its historical configuration and compared to 2018).
Stepping up its environmental ambition, VINCI has set a target to reduce its indirect (upstream and downstream Scope 3 emissions) by 20% by 2030 compared to 2019.
This commitment, endorsed by the Science Based Targets initiative (SBTi), aligns the Group’s trajectory with its “well below 2°C” aim and its methodological framework is certified.
Actions taken
Worksite machines and heavy vehicles
• Replace part of the worksite equipment fleet with lower-emission machines, promote eco-driving and install sensors to monitor consumption
• Collaborate with worksite equipment manufacturers and rental companies to test low-carbon innovations in real operating conditions
• Accelerate the replacement of light and utility vehicle fleets with hybrid, electric or lower-emission vehicles
• Encourage employees to reduce their consumption through carpooling platforms, training in eco-driving and the use of non-motorised transport
• Experiment with fuels such as hydrogen and biogas for utility vehicles
Industrial activities
• Optimise energy efficiency
• Substitute high-emission fossil fuels with natural gas and gas from renewable sources
Buildings and worksite facilities
• Perform energy efficiency assessments on Group buildings and implement appropriate initiatives, such as thermal renovation, temperature control and eco-design
• Increase the use of highly energy-efficient worksite facilities
Renewable energies
• Prioritise the use of renewable energy, especially by installing solar power systems to produce electricity for self-consumption
Indirect emissions
Action taken
Supply chain
• Embarking on an improvement drive with strategic suppliers and subcontractors.
• Gradually mainstreaming low-carbon concretes at all VINCI Construction worksites.
Customer solutions
• Applying environmental solutions that help our customers reduce their carbon footprint: sustainable construction, energy efficiency, sustainable mobility.
• Developing products, services and expertise in renewable energies to contribute fully to the energy transition and improve the energy mix of the future.
• Encouraging users to switch to low-carbon options on motorways (expanding electric vehicle charging capacity, carpooling facilities, multimodal hubs, express bus services) and in airports (adjusting airport tax charges based on aircrafts’ carbon emissions, contributing to developing sustainable biofuel and hydrogen systems).
Eco-design
• Developing tools to quantify carbon impacts of projects during the bidding phase in order to propose low-carbon alternatives.
• Implementing low-carbon strategies in engineering (e.g. VINCI Construction’s Environment in Design approach).
Scope 3 Emissions
| 39% UPSTREAM | |
|---|---|
| Purchase of materials | 22% |
| Other purchases (incl. transport) | 5% |
| Sub-contractors, works contracts | 4% |
| Other upstream impacts | 8% |
| 61% DOWNSTREAM | |
| Traffic on concessions | 43% |
| Use of power equipment | 8% |
| Buildings | 5% |
| Other downstream impacts | 6% |
Climate resilient projects and structures
Global warming and especially extreme climate events are a physical threat to VINCI’s structures and projects. Climate resilience is an integral part of our project risk assessment process and ensures that the regions we operate in are better equipped to withstand climate change.
2021 KEY FIGURES
2.3 Mt
of greenhouse gas emissions in 2021 (Scopes 1 and 2)
8%
reduction in greenhouse gas emissions (Scopes 1 and 2, excluding impact of acquisitions) between 2018 and 2021
41 Mt
of greenhouse gas emissions in 2021 (Scope 3)
25%
of electricity consumption from renewable sources in 2021
Monitoring VINCI’s emissions reduction trajectory – Progress in 2021
| Year | Initial trajectory | Realized trajectory |
|---|---|---|
| 2018 | 40% | 40% |
| 2019 | 40% | 40% |
| 2020 | 37% | 32% |
| 2021 | 35% | 33% |
Emissions reduction trajectory for Scopes 1 and 2
