Veolia

"The company Veolia Environnement has a net zero target, however, the specific year for this target is not provided in the available information. Net Zero Tracker"

Current Score (vs. LY)

39.5 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #105

CAC40: #26

Utilities: #5

58.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

36.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 26,700,00025,000,00026,283,000
Scope 2 - location-based NANA5,366,710
Scope 2 - market-based 3,800,0005,000,0005,220,350
Scope 1-2 - location-based 26,700,00025,000,00031,649,710
Scope 1-2 - market-based 30,500,000 30,000,000 31,503,350
Scope 3 20,900,00019,200,00012,894,069
Total - location-based 47,600,00044,200,00044,543,779
Total - market-based 51,400,000 49,200,000 33,667,049

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 220,591,310146,632,275
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Veolia belongs to the sector Utilities.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/08/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2032 Targets Set : 1.5°C by 2050 Yes by 2050
Veolia is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target: Veolia Environnement S.A. commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Veolia also commits to reduce scope 1 emissions from electricity generated 78.8% per MWh by 2032 from a 2021 base year. Veolia also commits to reduce all other absolute scopes 1 and 2 GHG emissions 50.4% within the same timeframe. Veolia further commits to reduce scope 1 and scope 3 GHG emissions from fuel and energy related activities covering all sold electricity 78.9% within the same timeframe. Veolia finally commits to reduce all other absolute scope 3 GHG emissions from fuel and energy-related activities, and emissions from upstream transportation and distribution, business travel, employee commuting, use of sold products and end-of-life treatment of sold products 30% within the same timeframe. Long-Term Targets: Veolia also commits to reduce scope 1 emissions from electricity generated 96.5% per MWh by 2040 from a 2021 base year. Veolia also commits to reduce all other absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2021 base year. Veolia further commits to reduce scope 1 and scope 3 GHG emissions from fuel and energy related activities covering all sold electricity 98% per MWh by 2040 from a 2021 base year. Veolia finally commits to reduce all other absolute scope 3 GHG emissions 90% by 2050 from a 2021 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Veolia Environnement by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (nature-based and CCS-based removals)

Additional notes: Carbon removals: 'Capture and offset our remaining greenhouse gas (GHG) emissions, including deploying Carbon Capture, Utilisation and Storage (CCUS) technology across our energy recovery facilities (ERFs), and capturing over 85% of fugitive landfill emissions'. (2021 Sustainability Report). [Compensate (i.e. off-set) for the emissions which cannot be avoided. Veolia is a participant in carbon off-set programs ( e.g. valuation of biogas from storage centres in Latin America). The group has also participated in developing the French "low-carbon" label through I4CE, thus opening up the market for offsets in France, and/or the market for voluntary compensation. For example, the agreement among French water suppliers, which includes 4.6 Million users, is carbon neutral.] No separate targets for GHG emissions reduction and avoidance but they are reported separately.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 5.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 17.5 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 7.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 7.5 10.0 -
Commitments 14.5 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 7.5 10.0 -
Results 7.5 30.0 -
Total 39.5 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.6°C 7.5 / 10.0 -
Total 39.5 / 100.0 -


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2018
Source Public NZPDU Public NZPDU NZPDU NZPDU
Publication Year 2023 2022 2023 2021 2020 2019
Scope 1 26,700,000 26,732,000 25,000,000 25,019,000 26,283,000 29,574,000
Scope 2 - location-based NA 3,895,640 NA 5,102,610 5,366,710 5,224,000
Scope 2 - market-based 3,800,000 3,748,840 5,000,000 4,949,690 5,220,350 5,105,000
Scope 1-2 - location-based 26,700,000 30,627,640 25,000,000 30,121,610 31,649,710 34,798,000
Scope 1-2 - market-based 30,500,000 30,480,840 30,000,000 29,968,690 31,503,350 34,679,000
Scope 3 20,900,000 20,899,197 19,200,000 18,244,725 12,894,069 17,041,923
Total - location-based 47,600,000 51,526,837 44,200,000 48,366,335 44,543,779 51,839,923
Total - market-based 51,400,000 40,222,947 49,200,000 37,777,694 33,667,049 36,699,922

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog