Sustainable finance, serving ecological transition
Veolia accelerates the ecological transformation with the implementation fo a new green financing framework. Veolia's purpose embodies our Group's ambition: to be useful to society by taking actions to conciliate human progress and environmental protection. Included in our articles of association, it translates in financial goals to act on every level for ecological transformation. Discover our actions!
Multifaceted performance
To implement its purpose, Veolia adopted in 2020 a tool for in-depth transformation: multifaceted performance. This is a tool that guides the management of the Group's activities in a search for balance between 5 performance dimensions: economic and financial, commercial, human resources, social and environmental. The Group is committed to multifaceted performance organized, in its GreenUp strategic program for 2027, around 15 progress objectives.
2024 multifaceted performance results aligned with targets
1.45 bn m3 fresh water saved
14.5% Scopes 1 & 2 GHG emissions reduction (vs 2021)
€133.5m decarbonization capex (1)
73% deployment of biodiversity action plans on sensitive sites
88% engagement rates
32.4% of women in Group Management Committee (ahead of GreenUp target)
4.33% Lost Time Injury Frequency rate (12.5% improvement vs 2023)
+6.6% organic revenue growth of boosters (2)
+13% vs 2023 of CO2e erased (scope 4)
55 NPS results (turnover coverage 81%)
8.4M inhabitants benefiting from inclusive access to essential services
86% positive answers to the "ethics and conformity" question in VOR (3) survey
(1) Coal exit and methane capture
(2) Excl. energy prices
(3) VOR: Voice of Resourcers
Our net zero strategy in action
Our decarbonization commitments in figures
fewer scopes 1 and 2 emissions by 2032 (compared with 2021)
on scope 4 by 2030 (compared with 2023)
in 2050 for scopes 1, 2 and 3, in line with the Paris Agreement 1.5°C target (Approved by SBTi)
Sustainable finance: discover our financial commitments for ecological transformation
Veolia has adopted a leading-edge sustainable finance framework, ensuring that our sustainability commitments are fully reflected in our financial strategy.
The Veolia Sustainable Finance Framework has been developed to allow Veolia to issue sustainable finance instruments in order to promote ecological transformation: financing projects and solutions that contribute to decarbonation, preservation and regeneration of resources and reducing pollution.
The framework complies with the Green Bond Principles, as published in June 2021 (including Appendix 1, June 2022), administered by the International Capital Market Association (ICMA); and it is also aligned with the Green Loan Principles (GLP) published in February 2023, administered by the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA).
To support the issuance of Blue Financing Instruments, the framework also considers the Guidelines for Blue Finance from the International Finance Corporation (January 2022 edition) and the "Bonds to Finance the Sustainable Blue Economy (SBE) – A Practitioner’s Guide" (September 2023).
Focus on biodiversity
This Biodiversity Report highlights the urgent need to actively contribute to the preservation and restoration of life, which lies at the heart of our business activities, our multifaceted performance, and our solutions. It showcases the concrete actions implemented by Veolia across its sites, as well as the solutions developed to help our clients meet the targets of the Global Biodiversity Framework.
Veolia activities contribute to significant reductions in three of the five pressures on biodiversity identified by IPBES
The overuse of natural resources, including water
Climate change
Water, air and soil pollution
The destruction and artificialization of natural environments
The spread of invasive alien species