Veolia advocates for a science-based approach to accounting for greenhouse gas emissions and greenhouse gas reduction trajectories. Veolia sits on the board of CITEPA, the independent body responsible for French accounting for atmospheric pollutants and greenhouse gases.
Our 2020 objectives were set in the light of the changes to our activities presented to investors in our long-term plan, and on calculations of associated GHG emissions for each of our activities. This means that Veolia’s overarching strategy for growth takes account of its undertaking to combat the climate emergency, including the following targets: achieve 100 million metric tons of CO2e in reduced emissions; achieve 50 million metric tons of CO2e in avoided emissions for the period 2015-2020; grow revenue generated in the circular economy. Operationally, our commitments and targets translate into the range of offers and services we develop for our municipal, business and industrial clients. These tackle the climate emergency through reducing GHG emissions or by suggesting adaptations to suit the new reality. Veolia’s strategy faces the fight against climate change head-on, just like the other environmental and social issues we face or that we can play a part in tackling.
We recently joined the Science Based Targets initiative and are conducting research to define scenarios compatible with limiting global warming to below 2°C, or even 1.5°C. Our work in this field involves close to 8,000 Veolia sites because of the amounts that they contribute to our total GHG emissions. This research involves all levels of management and the full range of our site management tools. The scenarios require highly complex simulations, combining as they do our growth targets with the investments needed to keep within the 2°C trajectory. The results of this process can already be seen in Veolia’s undertaking to eliminate coal from its activities and will soon take the form of actionable goals for our business units, to be included in their individual action plans.