Vinci

The group's "Construction" business unit (BU) alone was rated, which created a particular difficulty in accessing information at its boundaries.
Thus, 26% of the indicators could not be assessed due to the lack of information on the prospective elements and on the past trajectory of scope 3.
Decarbonization targets were set at the BU boundaries on scopes 1 and 2 (-40% in 2030 vs 2018), which do not, however, represent the majority of emissions.
A global scope 3 objective was set at the group boundaries (-20% in 2030 vs 2019).
These objectives are of a "WB2°C" ambition according to the SBTi standard.
They can be improved in terms of ambition, time frame (no shorter or longer term targets) and precision, the targets covering emission positions and therefore very different realities.
The rate of emission reduction on scopes 1+2 is slightly below an aligned expectation. The company has solid governance, and has identified business model opportunities in a low-carbon world (in particular renovation services and use of "green" cement).
The engagement policy as publicly described remains limited to generic levers (framework contracts responding to CSR assessments with the possibility of exclusion but without details on the clauses/the concrete activation of this possibility, proposal of low-carbon variants to customers) compared to the target expectations which are to ask its value chain for quantified decarbonization objectives accompanied by an incentive/penalizing economic mechanism.