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)

29.5 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #118

Utilities: #5

Transparency

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

Commitments

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

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021 Y2020
Scope 1 26,700,000 25,000,000
Scope 2 - location-based NA NA
Scope 2 - market-based 3,800,000 5,000,000
Scope 1-2 - location-based 26,700,000 25,000,000
Scope 1-2 - market-based 30,500,000 30,000,000
Scope 3 20,900,000 19,200,000
Total - location-based 47,600,000 44,200,000
Total - market-based 51,400,000 49,200,000

Note: Data sources detailed here

Y2022 Y2021 Y2020
Total CO2e estimate (by Net0Tracker) 220,591,310 146,632,275 108,561,976
Methodology Pre-calculated sector intensity (revenue) 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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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 : 01/12/2021

Near-term Long-Term Net Zero Standard
Targets Set : Well-below 2°C by 2034 No target Yes
Veolia is a member of the Business Ambition for 1.5 campaign (link here )

VEOLIA commits to reduce absolute scope 1 and 2 GHG emissions 40% by 2034 from a 2018 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: March 23, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals None
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (unspecified)

Additional notes: Compenser les émissions qui n'ont pu être évitées. Veolia est acteur de la compensation par des projets permettant d’émettre des crédits carbone (ex. : valorisation du biogaz des centres de stockage de déchet en Amérique latine). Le Groupe a également participé au développement du Label bas-carbone français au travers de I4CE, ouvrant des possibilités de compensation sur le territoire français ou par la mise en oeuvre de compensation volontaire. Par exemple, le contrat d’eau du Syndicat des Eaux d'Il de France, comptant 4,6 millions d’usagers en 2017, est neutre en carbone. [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.]

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 0.0 10.0 -
Transparency 7.5 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 29.5 100.0 -


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)? F 0.0 / 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 29.5 / 100.0 -


Available Data Sources

Reporting Year 2021 2020
Source Public Public
Publication Year 2023 2023
Scope 1 26,700,000 25,000,000
Scope 2 - location-based NA NA
Scope 2 - market-based 3,800,000 5,000,000
Scope 1-2 - location-based 26,700,000 25,000,000
Scope 1-2 - market-based 30,500,000 30,000,000
Scope 3 20,900,000 19,200,000
Total - location-based 47,600,000 44,200,000
Total - market-based 51,400,000 49,200,000

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