As part of its ambitious climate strategy, Veolia reaches a new milestone with the revalidation of its Net Zero targets by the Science Based Targets initiative (SBTi). Announced during the Group's half-year results. The validation confirms Veolia's ambitions regarding greenhouse gas (GHG) emissions reduction, in context to solid financial performance in the first half of 2025, with revenue growth of 3.8%* to €22,048M and EBITDA growth of 5.5% to €3,367M.
During the Group's half-year results presented on July 31, Veolia announced it has obtained a new validation of its Net Zero commitments from SBTi, an initiative aimed at supporting companies in reducing their greenhouse gas emissions. This new validation of Veolia's GHG emission reduction targets aligns with the implementation of the European Corporate Sustainability Reporting Directive (CSRD), for which Veolia has updated its methodology for classifying emissions from client-operated sites.
SBTi has approved the reclassification of emissions from assets where Veolia does not exercise operational control, from scopes 1 and 2 to scope 3. These targets align more closely with the company's responsibility scope. This methodological evolution results notably from close collaboration with investors who are signatories of the Net Zero Engagement Initiative (NZEI), and have actively contributed to strengthening Veolia's climate action plan since February 2023.
The reduction targets by scope remain identical to the first validation:
- Scopes 1 and 2: 50% emission reduction by 2032 and at least 90% by 2050
- Scope 3: 30% emission reduction on at least 67% of scope 3 by 2032 and at least 90% by 2050
This validation is part of a broader approach, with Veolia's climate action plan that aligns with an 'Advanced' rating from Moody's in June 2024. The Veolia Group thus demonstrates its ongoing commitment, with an investment of €650 million in its climate strategy between 2018 and 2024, and an additional commitment of €950 million by 2030.
The excellent results of the first half of 2025 confirm the relevance of the GreenUp plan, with remarkable progress in booster activities of +9% and orders of €2 billion in water technologies. In an uncertain economic and geopolitical context, Veolia demonstrates its adaptability with EBITDA growth of +5.5%, supported by a dynamic investment policy of €2.2 billion, including the acquisition of 30% of CDPQ in Water Technologies Services and €300 million in hazardous waste treatment acquisitions in the United States, Brazil, and Japan. These achievements make the Group fully confident in achieving its annual objectives.
Estelle Brachlianoff, CEO of Veolia.
To address the major environmental challenges of the 21st century, Veolia develops innovative solutions that combine efficiency, reliability, and economic accessibility. These assets, combined with recognized expertise, naturally position the Group as the reference partner for municipal and industrial clients in their ecological transition.
Ecological transformation constitutes the Group's compass, guiding its strategy and priorities through the combination of booster and core activities defined in the GreenUp strategic program. For both cities and industries, Veolia establishes itself as the architect of ecological security, ensuring protection against pollution, security of water supply, energy, and secondary raw materials, as well as safeguarding health, legal rights and tariff security.
*(excluding energy costs)