Eiffage S.A.

Environmental & Social Information • Sep 19, 2023

Vélizy-Villacoublay, 19 September 2023 05:40 pm

Press release

SBTi approves Eiffage's short-term greenhouse gas emissions reduction targets in line with the 1.5 °C trajectory in each of its business lines.

The SBTi (Science-based Targets Initiative) has approved Eiffage's short-term emissions reduction targets, which it considers consistent with meeting the targets of the Paris Agreement and the 1.5 °C trajectory.

Every Eiffage business line in France and beyond is committed to reducing greenhouse gas emissions, with a view to reducing the Group's emissions by:

• 46% for Scopes 1 and 2 by 2030 compared with the reference year 2019.
• 30% for upstream and downstream Scope 3 (direct emissions) by 2030 compared with the reference year 2019.

This SBTi approval is a key step in achieving the Group's greenhouse gas emissions targets, and concludes an auditing process to approve the Group's overall emissions benchmark and associated emissions reduction trajectory.

Eiffage has for many years been committed to reducing its emissions and since 2016, has followed a low-carbon strategy in all its business lines, based on:

• Reducing its internal footprint (Scopes 1 and 2) by working to reduce energy consumption across all sites and premises and by investing in less carbon-intensive equipment, machinery and vehicles.
• Creating low-carbon products and solutions making the difference by offering alternative solutions that incorporate low-carbon materials, renewable energy production, energy-efficient buildings, reuse and recycling, Eiffage is working with its entire value chain to decarbonise construction. This collaboration with its partners and suppliers contributes to reducing the Group's Scope 3 emissions.

Low-carbon action plans are in place for each business line, in accordance with the Group's transition plan. SBTi approval of Eiffage's short-term (2030) targets also represents a step toward establishing a longer-term trajectory to achieve the Group's commitment to net zero by 2050.

Through these short-term targets and the associated transition plan, Eiffage is contributing to French and European greenhouse gas emissions reduction commitments, and pre-empted the new Corporate Sustainability Reporting Directive (CSRD) that requires businesses to publish sustainability-related information.

About Eiffage

Eiffage is one of Europe's leading construction and concessions companies. The Group's activities are organised around the following business lines: construction, real estate and urban development, civil engineering, metal, roads, energy and concessions. Thanks to the experience of more than 73,500 employees, Eiffage generated revenue of €18.7 billion in 2021, of which 27% was outside France.

https://www.eiffage.com/environmental-transition/ecological-transition-the-climate-report

About the SBTi

The Science-based Targets Initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), World Wide Fund for Nature (WWF) and the We Mean Business coalition. The SBTi defines and promotes best practice for setting science-based targets, and objectively assesses corporate targets. Eiffage's listing on the SBTI dashboard of companies and approval of their targets will be updated on 5 October.

https://sciencebasedtargets.org/companies-taking-action

Press contact Marguerite Richebé Tel: +33 1 71 59 51 02 marguerite.richebe@eiffage.com