Veolia

Multi-Utilities

VIE.PA

€ 28 (0.18)%

Share price

$ 21 bn

Market Cap

$ 44 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

20x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

Veolia aims to reduce Scope 1 + 2 by 22% by 2034 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it

<2°C

GHG emissions and Carbon intensity

Veolia reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 30,500 Kt (+500/+1.7% y-o-y). At the sime time, carbon intensity declined to 901 t (-84 /-8.5% y-o-y).

Veolia's Scope 3 emissions surged to 20,900 Kt (+10,100/+94% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 22% by 2034 from a base year 2018, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	30,500	26,700	3,800	20,900	33,835	901
2020Q4	30,000	25,000	5,000	10,800	30,456	985
2019Q4	31,500	26,300	5,200	10,900	30,558	1,031
2018Q4	34,700	29,600	5,100	15,600	30,681	1,131
2017Q4	34,000	28,800	5,200	15,500	28,016	1,214
2016Q4	33,800	28,500	5,300	14,900	26,656	1,268
2015Q4	34,400	26,900	7,500	8,300	27,964	1,230