Universal Registration Document 2024

Glossary

GHG emissions related to Scopes 1 & 2, as well as those in Scope 3 related to air transportation and strategic procurement, are subject to annual carbon offsetting through the VCC2 Plan (Section 4.2.5.2). From 2028, the offset operated by the Climate Fund for Nature will take over for the next 15 years. [E1-3-29 (a)]

This information was presented to the ESG Committee in April 2024 and to the Audit and Financial Risks Committee in November 2024, and the progress of climate issues was addressed during the review of the Duty of Care action plan at the Strategic, Environmental and Social Committee of September 2024.

The detail of the contribution of each lever is explained in the diagram on “Reduction of greenhouse gases.”

The GHG emission reduction targets and the climate change mitigation actions implemented are presented below in the table and in the form of a trajectory graph showing changes over time.

GHG* EMISSIONS REDUCTION TARGETS: TRANSITION 2019-2030-2040

  • Targets for GHG Emissions Reduction, Transition 2019–2030–2040 GHG Emissions in TeqCO₂
  • Reference Year: 2019 304,177 TeqCO₂
  • Activity Growth 2019–2030: 36,882 TeqCO₂
  • Own Activities: 33,720 TeqCO₂
  • Expected Reductions in the Value Chain:
    • 17,453 TeqCO₂ (Office energy efficiency)
    • 62,926 TeqCO₂ (Business travel)
    • 38,673 TeqCO₂ (Decarbonization of the supply chain)
  • Target Year: 2030 151,405 TeqCO₂
  • Target Year: 2040 33,418 TeqCO₂
  • Target Reduction Value: Less than 50%