In its Manifesto, VINCI committed to reducing the carbon intensity of its activities by 30% between 2009 and 2020, and to helping its customers improve their environmental performance. This commitment is coming to a close and is on track to being met. Accordingly, in 2019, VINCI, driven by its Executive Committee, launched a programme to set new goals that will involve all business lines and require strong engagement from all employees.
IN THE GROUP’S CARBON INTENSITY
(tCO2eq/€m in revenue)
CLIMATE CHANGE AMBITION
Reduce direct greenhouse gas emissions
In response to the many reports about the deterioration of the climate published by the scientific community, particularly special reports by the United Nations’ Intergovernmental Panel on Climate Change (IPCC), VINCI is committed to taking concrete action to reduce its direct greenhouse gas emissions (Scopes 1 and 2) in line with the 2 °C scenario established in the Paris Climate Agreement. As a consequence, the Group aims to reduce its direct emissions by 40% by 2030 (against its historic scope in 2018).
Achieving this goal relies on the implementation of action plans drawn up with the business lines and incorporated into their multi-year strategic plans, which include an assessment of the investments needed. The Group is also working on quantifying the indirect impact of its business activities and identifying what action to take with regard to its stakeholders to reduce its footprint across the entire value chain: both upstream with suppliers and downstream with infrastructure customers and users. VINCI is also continuing its research and development efforts and forward-looking analysis to find solutions to achieve carbon neutrality by 2050.
Lastly, in order to adapt to the consequences of climate change, a working group reflecting all components of VINCI has been created at the Leonard innovation platform. This group addresses the subject of resilience so that this aspect can increasingly be included in projects, structures and the solutions implemented.
Across the direct scope of their business, Group companies have developed action plans that cover various aspects, including:
- accelerating the replacement of light and utility vehicles by electric or lower carbon vehicles;
- modernising site machinery and heavy vehicles;
- replacing heavy fuel oil and coal by natural gas or renewable-source gas in asphalt-mixing plants and replacing fossil energy used in binder storage facilities by electricity;
- using renewable energies;
- adapting to climate change within the context of the Leonard intrapreneurial programme with startup Resalliance providing consulting, modelling and project management in that field.