Vivendi Reaches New Milestones in Its Environmental Approach: Its Emissions Reduction Plan Has Been Validated by SBTi and Its CDP Score Raised to A-

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

03/23/2023 - 06:16 AM

PARIS--(BUSINESS WIRE)-- Regulatory News:

Vivendi’s (Paris:VIV) commitment to fighting climate disruption and protecting the environment has recently been doubly recognized.

Science-Based Targets (SBTi), an independent global agency that allows companies to set emission reduction targets on the basis of scientific climate data, recently validated Vivendi’s carbon reduction plan, which covers almost 70% of the Group’s emissions.

The Group’s decarbonization targets for scopes 1 and 2¹ are aligned with the trajectory for limiting climate warming to 1.5°C. They provide for a 71% reduction in these emissions by 2035 (compared to 2018).

In addition, Vivendi has committed to a 43% reduction by 2035 in absolute scope 3 emissions related to the Group’s business operations (waste, business travel, freight, …) and those linked to investments, and a 21% reduction in absolute scope 3 emissions covering leased assets. Lastly, the Group commits to ensuring that 85% of its suppliers by emissions will have science-based targets by 2026.

The detailed breakdown of these targets and the intermediate targets looking to 2025 are available on pages 98 and following in Vivendi’s 2022 Universal Registration Document (in French, shortly available in English).

These commitments were validated by SBTi as Vivendi reported a 10% reduction in scopes 1 and 2 greenhouse gas emissions in 2022 compared to 2021, with 37% of the electricity consumed by the Group across the world now generated from renewable sources (+16 points).

Furthermore, the CDP (Carbon Disclosure Project), the global benchmark in environmental rating for companies, awarded Vivendi an A- score in 2022. While the CDP has strengthened its criteria, the Group has moved up three levels compared to previous years (C in 2021) and now scores above the average for companies in its sector² (B) and European companies (B).

“Validation of our targets by SBTi and the sharp improvement in our CDP score are proof of the progress we have made on the environmental front. This success is the result of our active Corporate Social Responsibility (CSR) policy, Creation for the Future, which we implemented at end 2020, and the efforts made by the Group and its different businesses. It is a collective approach which I wholeheartedly applaud,” said Yannick Bolloré, Chairman of Vivendi’s Supervisory Board.

“We are delighted by the validation of our decarbonization targets by SBTi and the score awarded by the CDP. These two major milestones support the positive momentum recorded in 2022 on energy-related emissions and encourage us to make even greater efforts, particularly as concerns scope 3 emissions,” said Caroline Le Masne de Chermont, Legal, Compliance and CSR Director at Vivendi.

¹ Scope 1 corresponds to direct greenhouse gas emissions and scope 2 to indirect emissions related to energy. Scope 3 corresponds to indirect greenhouse gas emissions linked to the Group’s business operations.
²Media, telecommunications, and data center services.

About Vivendi

Since 2014, Vivendi has been building a world-class content, media and communications group. The Group owns leading, highly complementary assets in television and movies (Canal+ Group), communications (Havas), publishing (Editis), magazines (Prisma Media), video games (Gameloft), and live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims to contribute to a carbon-neutral world by adopting an approach aligned with the 2015 Paris Agreements. In addition, the group is helping to build more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and its businesses, and increasing awareness of 21st century challenges and opportunities. www.vivendi.com