Universal Registration Document 2025

The introduction of regulatory carbon pricing mechanisms such as carbon taxes could increase the operational costs of high-carbon purchases and services such as energy and IT equipment. This is a transition issue. Some customers may also be subject to it.

• Net Zero Climate Policy
• 2025 revision of the Climate risk mapping

• Reducing carbon emissions at source remains the Groupe’s priority across its entire value chain, with major targets for 2030 and 2040. An internal carbon price (shadow fee) was set in 2023 at euro 50 per metric ton, to enable all subsidiaries to better measure the carbon impacts directly linked to the activities, as well as their potential costs, particularly for Scope 3 emissions.
• Managed by the Legal Department, international and national regulatory monitoring helps us anticipate changes affecting us and/or our clients, and change our own standards

Deployment in 2026

Increase in energy consumption (Scopes 1 + 2) related to activities, including artificial intelligence, which will increase carbon emissions.

• Net Zero Climate Policy
• 2025 revision of the Climate risk mapping

• Energy consumption, both direct and indirect, will increase. Actions to improve energy efficiency at all levels remain ongoing. The Groupe’s objective of achieving 100% renewable energy from direct sources by 2030 remains unchanged, combining several options to achieve this, including the use of contracts allowing the use of "High impact RECs".
• Switching data centers and servers to cloud providers largely reduces the direct impacts related to energy consumption because their energy efficiency is better (size effect).

100% RE from direct sources by 2030

Increase in carbon emissions from the supplier chain (Scope 3), particularly those related to purchases of goods and services, and business travel.

• Net Zero Climate Policy CSR for Business Guidelines 2025 edition
• 2025 revision of the Climate risk mapping

• Purchases of goods and services, and air transportation are the main sources of GHG emissions. The Groupe Procurement Department expects its major suppliers to establish GHG emission reduction targets, measure their progress, and share their results. They are part of the "Enhanced ESG Program" and must undergo an external CSR assessment (such as EcoVadis or similar).
• Business travel by plane is subject to a stricter validation procedure
• Particular attention is paid to suppliers in the IT category, a strategic category for the Groupe’s activities where the impacts are analyzed on a supplier-by-supplier basis.

Scope 3 reduction by 50% by 2030 (base year 2019)