The European regulation known as the Green Taxonomy (EU Regulation 2020/852) is part of the implementation of the action plan for sustainable finance, whose objective is to achieve carbon neutrality by 2050.
The Taxonomy Regulation introduces reporting obligations for non-financial and financial companies based on a classification to establish environmentally sustainable economic activities. This classification aims, in particular, to redirect flows towards so-called sustainable investments.
The European Taxonomy has set a framework around six objectives that are covered under a delegated regulation of the European Commission:
Publicis Groupe conducted an analysis of its activities that may meet the six expected eligibility criteria defined in:
The Groupe is required to publish the following three required indicators on the designation of material eligible activities. It is exempt from the eligibility analysis and alignment of economic activities that are not material, i.e. those whose cumulative value is less than 10% of the denominator of the Key Performance Indicator (KPI). The analysis is conducted independently at the limits of each indicator: turnover, CapEx (capital expenditure) and OpEx (operational expenditure).
An activity is said to be “eligible” when it is included in the evolving list of activities appearing in the delegated acts of the Taxonomy Regulation insofar as it contributes to the six aforementioned environmental objectives.
The analysis of the Company’s activities was carried out on the basis of NACE codes and completed by a qualitative review of certain activities, with checks at local and central level, to more precisely identify eligible activities. The European taxonomy primarily covers the activities with the greatest impact on the climate. Under current regulations, several of the Groupe’s activities, such as advertising creation and communication, are not eligible.
Among the activities listed in the Taxonomy, one category has been retained as eligible to date:
“Data processing, hosting and related activities” (8.1)
The methodology used for Taxonomy reporting is explained in Section 4.1.2 “CSR Reporting Methodology” of this document.
In 2025, the Groupe’s turnover amounted to euro 17,399 million and corresponds to the amount shown in the Groupe’s consolidated income statement.
Eligible turnover amounts to euro 1,840 million (10.6% of the Groupe’s revenue) and corresponds to the Groupe’s activities classified in the “Data processing, hosting and related activities” category. Epsilon’s activities are the main ones concerned.
In 2025, the Groupe’s capital expenditure amounted to euro 276 million, of which euro 115 million in respect of intangible assets and euro 161 million in respect of property, plant and equipment (see tables of changes in property, plant and equipment and intangible assets in Note 13 and Note 14 of the 2025 consolidated financial statements). The share of capital expenditure related to eligible turnover amounts to euro 86 million and corresponds to the investments made as part of the development of the Epsilon platforms.
CapEx also includes increases in right-of-use assets related to real estate leases for euro 191 million (see Note 25 to the 2025 consolidated financial statements). These investments are 100% eligible.
As a result, the amount of eligible CapEx in 2025 amounted to euro 277 million, i.e. 59.3% of the Groupe’s CapEx, which totals euro 467 million.
In 2025, the metric relating to operating expenses as defined by the Taxonomy mainly concerns office upkeep and maintenance expenses. However, this metric is considered irrelevant for Publicis given its insignificant impact.
