3. ENVIRONMENT Act for the climate and reduce our environmental impact Recognizing the environmental impact of logistics and transport activities as well as the growth in demand, GEODIS is committed to the ecological transition, reducing its emissions of greenhouse gases and atmospheric pollutants and managing its resources in a responsible manner. The Group is developing environmentally friendly solutions for its customers: low-carbon alternative transport, multimodal solutions, virtuous circular economy loops, etc. 3.1 Climate change 3.1.1 Governance Faced with the urgency of climate change, GEODIS has committed to a decarbonization trajectory based on a science-based approach in line with the Paris Agreement’s goal of limiting the rise in global average temperature to well below 2°C and continuing efforts to limit it to 1.5°C. The Group has been working alongside its customers and partners for a long time to measure and reduce impact on the climate. In 2024, its GHG emission reduction targets covering scopes 1, 2 and 3 were approved by the Science Based Targets initiative (SBTi). In addition to its efforts to reduce greenhouse gas emissions, GEODIS has undertaken work on defi ning a strategy to adapt to the effects of climate change. The Group’s climate strategy is a part of Ambition 2027 and is monitored at the highest level of the organization: ● the Supervisory Board has been consulted on a number of key decisions over the past two years, including the transition plan and the roadmap for reaching medium-term climate objectives; ● the Management Board monitors the Group’s climate policy and commitments throughout the year; ● the Climate steering committee is made up of members of the Management Board including the Chief Executive Offi cer, the executive vice-president, Sustainability, the Chief Financial Offi cer, the executive vice-president, Strategy and the executive vice-presidents of the lines of business and regions. It is responsible for examining and approving progress reports on transition and adaptation risks on a quarterly basis; ● the Climate and Environment Programs Department manages the decarbonization plan and monitors the operational roadmaps developed by the Group’s lines of business and regions. Monthly updates are produced to share progress, with correspondents who are also responsible for collecting and reporting environmental information and indicators; ● in 2024, the Sustainability Department was strengthened with the creation of the position of Sustainable Fleet Transition Director for the vehicle fl eet, tasked with coordinating actions at Group level; ● to strengthen local CSR teams, recruitment has been carried out or is in progress to ensure that each line of business and region has an in-house environment and climate specialist; ● the Risk Department and the Sustainability Department assess the climate risks that are included in the Group’s risk mapping. Issues, progress and results are presented to the Supervisory Board and at Risk Committee meetings. Compensation Since 2022, the annual variable remuneration of members of the Management Board and leading executives (TopEx members) includes a CSR component (25%) of which 9% is a climate indicator. This individual target covers concrete levers, such as the energy effi ciency of buildings, the percentage of alternative vehicles and the percentage of renewable energy. These executives’ long-term incentives (LTI) also include a 10% climate component, with a target of reducing greenhouse gas emissions (across all three scopes) in line with the Group’s commitments. Training Since 2023, GEODIS has been organizing climate awareness and training initiatives for all employees. Management Board members, senior executives, sales teams and some customers have participated in Climate Fresk workshops. Sessions were led by in-house facilitators at head offi ce and in the regions. By the end of 2024, 35 Group employees had qualifi ed as inhouse facilitators, and more than 1,250 employees had taken part in sessions. In 2024, the Group continued with the rollout of the “Time For Action” Climate School. Based on the notion of better understanding for better action, this micro e-learning course is available in eight languages and is accessible to all connected GEODIS employees with an Internet connection. It offers customized courses based on the needs of each line of business. The Group also runs sessions specifi cally for sales teams via the Sales Academy. Topics covered include new greenhouse gas emission reduction targets and decarbonization solutions for customers. 42 - 2024 ACTIVITY AND SUSTAINABILITY REPORT
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