Universal Registration Document 2025

Board of directors

/ GHG emissions intensity per million euros of Net Revenue
GHG emissions intensity per million euros of Net Revenue
  2019 2020 2021 2022 2023 2024 2025
Net Revenue m€

Net Revenue m€

2019

9,800

Net Revenue m€

2020

9,712

Net Revenue m€

2021

10,487

Net Revenue m€

2022

12,572

Net Revenue m€

2023

13,099

Net Revenue m€

2024

13,965

Net Revenue m€

2025

14,547

Net Revenue Variation (n/n-1)%

Net Revenue Variation (n/n-1)%

2019

 

Net Revenue Variation (n/n-1)%

2020

-1%

Net Revenue Variation (n/n-1)%

2021

8%

Net Revenue Variation (n/n-1)%

2022

20%

Net Revenue Variation (n/n-1)%

2023

4%

Net Revenue Variation (n/n-1)%

2024

7%

Net Revenue Variation (n/n-1)%

2025

4%

Headcount

Headcount

2019

83,235

Headcount

2020

79,051

Headcount

2021

88,531

Headcount

2022

98,022

Headcount

2023

103,295

Headcount

2024

104,328

Headcount

2025

114,079

Headcount Variation (n/n-1)%

Headcount Variation (n/n-1)%

2019

 

Headcount Variation (n/n-1)%

2020

-5%

Headcount Variation (n/n-1)%

2021

12%

Headcount Variation (n/n-1)%

2022

11%

Headcount Variation (n/n-1)%

2023

5%

Headcount Variation (n/n-1)%

2024

1%

Headcount Variation (n/n-1)%

2025

1%

GHG Emissions TeqCO2

GHG Emissions TeqCO2

2019

316,149

GHG Emissions TeqCO2

2020

188,299

GHG Emissions TeqCO2

2021

157,083

GHG Emissions TeqCO2

2022

216,431

GHG Emissions TeqCO2

2023

222,399

GHG Emissions TeqCO2

2024

287,078

GHG Emissions TeqCO2

2025

281,044

GHG Emissions Variation (n/n-1) %

GHG Emissions Variation

(n/n-1) %

2019

 

GHG Emissions Variation

(n/n-1) %

2020

-40%

GHG Emissions Variation

(n/n-1) %

2021

-17%

GHG Emissions Variation

(n/n-1) %

2022

38%

GHG Emissions Variation

(n/n-1) %

2023

3%

GHG Emissions Variation

(n/n-1) %

2024

29%

GHG Emissions Variation

(n/n-1) %

2025

-2%

Variation from 2019

Variation from 2019

2019

 

Variation from 2019

2020

-40%

Variation from 2019

2021

-50%

Variation from 2019

2022

-32%

Variation from 2019

2023

-30%

Variation from 2019

2024

-9%

Variation from 2019

2025

-11%

Emissions intensity (TeqCO2/M€)

Emissions intensity (TeqCO2/M€)

2019

32.26

Emissions intensity (TeqCO2/M€)

2020

19.39

Emissions intensity (TeqCO2/M€)

2021

14.98

Emissions intensity (TeqCO2/M€)

2022

17.22

Emissions intensity (TeqCO2/M€)

2023

16.98

Emissions intensity (TeqCO2/M€)

2024

20.56

Emissions intensity (TeqCO2/M€)

2025

19.32

Intensity Variation (n/n-1) %

Intensity Variation (n/n-1) %

2019

 

Intensity Variation (n/n-1) %

2020

-40%

Intensity Variation (n/n-1) %

2021

-23%

Intensity Variation (n/n-1) %

2022

15%

Intensity Variation (n/n-1) %

2023

-1%

Intensity Variation (n/n-1) %

2024

21%

Intensity Variation (n/n-1) %

2025

-6%

/ Decarbonization targets and levers of the Transition plan
Decarbonization targets and levers of the Transition plan
  Description Reference year 2019 Target 2030 Target 2040
GHG emissions (TeqCO2)

GHG emissions (TeqCO

2

)

Description

The strong growth in activities since 2019 automatically leads to an increase in GHG emissions in absolute value. The objective is to keep GHG emissions per capita contained

GHG emissions (TeqCO

2

)

Reference year 2019

304,177

GHG emissions (TeqCO

2

)

Target 2030

29,176

GHG emissions (TeqCO

2

)

Target 2040

 

Scope 1 direct emissions

Scope 1 direct emissions

Description

Reinforcement of energy efficiency actions undertaken in the various offices

Scope 1 direct emissions

Reference year 2019

 

Scope 1 direct emissions

Target 2030

(5,892)

Scope 1 direct emissions

Target 2040

(9,760)

Energy consumed

Energy consumed

Description

Transition to 100% renewable energy from direct sources, now via the implementation of long-term "High impact REC" contracts

Energy consumed

Reference year 2019

 

Energy consumed

Target 2030

(45,343)

Energy consumed

Target 2040

(65,103)

Strengthening the energy efficiency of offices

Strengthening the energy efficiency of offices

Description

Switching to 100% renewable energy, with energy efficiency actions undertaken in the various offices

Strengthening the energy efficiency of offices

Reference year 2019

 

Strengthening the energy efficiency of offices

Target 2030

(5,191)

Strengthening the energy efficiency of offices

Target 2040

(10,442)

Decarbonization of the supply chain (Tier 1 suppliers)

Decarbonization of the supply chain (Tier 1 suppliers)

Description

  1. Reducing emissions related to the purchase of goods and services by prioritizing suppliers who are committed to the climate transition and have public GHG emissions reduction targets validated by third parties
  2. Launch of the ESG assessment program for suppliers, “Enhanced ESG Program,” in 2023

Decarbonization of the supply chain (Tier 1 suppliers)

Reference year 2019

 

Decarbonization of the supply chain (Tier 1 suppliers)

Target 2030

(50,579)

Decarbonization of the supply chain (Tier 1 suppliers)

Target 2040

(90,498)

Reduce business travel by air

Reduce business travel by air

Description

  1. Reduction of business air travel, with a strengthening of the internal policy and rules justifying this type of travel
  2. Implementation of preference criteria for airlines committed to reducing their emissions

Reduce business travel by air

Reference year 2019

 

Reduce business travel by air

Target 2030

(42,870)

Reduce business travel by air

Target 2040

(71,008)

Limiting commuting-related impacts

Limiting

commuting-related

impacts

Description

The use of public transport is facilitated by (total or partial) coverage of costs, just as employees can have access to soft mobility thanks to incentive mechanisms.

Limiting

commuting-related

impacts

Reference year 2019

 

Limiting

commuting-related

impacts

Target 2030

(32,073)

Limiting

commuting-related

impacts

Target 2040

(53,124)

This waterfall chart presents the greenhouse gas (GHG) emission reduction targets for the 2019–2030–2040 transition, expressed in tCO2e.

Reference year 2019: 304,177 tCO2e.

Changes by lever (successive increases and decreases).

Business growth: +29,176.

Scope 1 Direct Emissions: -5,892.

Renewable Energy: -45,343.

Energy Efficiency: -5,191.

Suppliers: -50,579.

Business Travel: -42,870.

Commuting: -32,073.

SBTi target 2030: 151,405 tCO2e, representing a -50% reduction compared to the reference year.

SBTi target 2040: 33,418 tCO2e.