Performance Score
The company has set ambitious targets for its direct emissions (54% of the total) in 2032 and 2050 (-50% in 2032 and -90% in 2050 vs. 2021).These elements are supported by a transition plan presenting clearly defined actions, including a financial component.In particular, it includes a plan to phase out coal in Europe.However, scope 3 is less well understood, with lower ambition (-30% in 2032 vs. 2021) and a lack of clear details in the associated plan on emissions associated with purchasing, transport and end-of-life of products.Management and customer engagement are other strong points, with supplier engagement being an area for improvement (limited scope of engagement, lever for action that seems limited to an encouragement to engage in the SBTi and a measurement in monetary intensity suppliers).
Narrative Score
The overall narrative score reflects the company's strengths and areas for improvement.Veolia's business model is focused on issues that are essential to the ecological transition (water treatment, waste management, recycling).New business models focused on clean energy are also considered by the company.This orientation is supported by the group's ambitions on its direct emissions and their substantiation by a transition plan that is more comprehensive than average.However, the understanding of scope 3 is perfectible, and the company has not yet produced a global commitment to phase out coal.
Trend score
The support of the objectives, aligned with scopes 1+2, on a transition plan more detailed than the average makes it possible to propose a positive trend.
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