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One Planet Summit: Veolia reiterates the crucial mobilization of businesses in meeting the climate change challenge

Two years to the day after the historic Paris Climate Agreement, Emmanuel Macron, President of the French Republic, Jim Yong Kim, President of the World Bank, and Antonio Guterres, Secretary General of the UN, have organized the One Planet Summit in Paris.
The Summit is bringing together international leaders and citizens from around the world to focus on the solutions to be implemented that respond to the ecological emergency on our planet. During the event in which Antoine Frérot, Chairman and CEO of Veolia, participated, the Group reiterated the major role of businesses in fighting climate change.

The stakeholders gathered today at the One Planet Summit are pursuing three goals: "Act concretely and collectively; Innovate to adapt our systems and accelerate the reduction of greenhouse gas (GHG) emissions; Act in solidarity with those who are the most vulnerable and who need it the most, according to the principle: we are ONE SINGLE planet!".

Business: essential drivers in the fight against climate change

Last November, 15,000 scientists from all over the world sounded the alarm, saying that the chances of the temperature rise being below 2 degrees were getting smaller every day. The CEO of Veolia believes the mobilization of businesses, alongside public authorities and civil society, is essential if we are to win the climate battle:

Antoine Frérot

"Because they are at the heart of production and innovation processes, businesses are best able to design and deploy more sober solutions. Because, they now know that they have a lot to gain from leading this fight and a lot to lose by ignoring it."



Veolia's commitments to meet the climate challenge:

- Develop the circular economy that turns waste into new resources. For example, making a bottle from recycled PET emits 70% less CO2 than production using petroleum products.
- Transform waste methane into green energy (biogas, electricity or heat), because its contribution to greenhouse gas emissions is actually 40%, which is as much as CO2.
- Set a predictable and robust carbon emission price. The idea is to apply the polluter pays principle to carbon dioxide - as has successfully been the case for many years in relation to wastewater and waste. Veolia has set itself an internal carbon price, which is used to decide on the Group’s investments.

Veolia is also committed to contributing to adaptation issues by proposing solutions that increase the resilience of territories.

"We know what needs to be done to reach the 2 degrees goal. We as businesses are taking our responsibilities," reiterates Antoine Frérot.

Remember that Veolia yesterday signed the French Business Climate Pledge, alongside 88 other large French companies.


One Planet Summit
> Read in the blog "Let's talk about climate" under the headings ”Circular Economy” and ”Carbon Price
> Veolia’s mission “Resourcing the world”