3. ENVIRONMENT Market risks GEODIS’s customers are increasingly expressing clear expectations in terms of reducing greenhouse gas emissions across their entire value chain. The majority of the Group’s key accounts have submitted their commitments to the SBT initiative for approval. Should the Group be unable to meet their expectations, it could result in a loss of business and a drop in revenues. GEODIS relies heavily on subcontractors to manage its freight operations. The Group must therefore accelerate the environmental transition not only of its own activities, but also those of its partners. The Group therefore assesses its suppliers and subcontractors according to CSR criteria. Among other services it provides for its partners, it offers low-carbon and electric vehicle rental services for fl eets of 3.5- and 12-tonne vehicles. Partners can also rent its network of low-carbon refueling infrastructure (HVO stations and electric charging terminals) at favorable rates. Transition plan for climate change mitigation The Group has defi ned a trajectory for reducing its GHG emissions by 2030, with Science Based Targets that were validated in December 2024 by the SBT initiative. This independent body has confi rmed that the targets set for 2030 are in line with the Paris Agreement. Some components of the transition plan are still being refi ned, including the fi nancial impact up to 2030. The growth forecasts in the Ambition 2027 strategic plan were incorporated into the transition plan. Scopes 1 and 2 accounted for 395 ktCO2e(5) and 9% of the Group’s emissions in 2022: 70% of these emissions were generated by freight transport (air and road), 28% by facilities and offi ces (including refrigerants) and 2% by company cars. The following key actions are intended to achieve the 2030 objectives for scopes 1 and 2: ● energy consumption of buildings: 40% reduction in emissions worldwide through energy effi ciency projects and installation of 100% LED lighting; ● purchase of electricity: at least 90% low-carbon electricity (renewable or nuclear); ● road transport: optimization of fuel consumption, electrifi cation and use of biofuels for the vehicle fl eet; ● reduction of GEODIS aircraft emissions through the incorporation of Sustainable Aviation Fuel; ● handling equipment in Group warehouses: discontinuing the use of fossil fuels. Five objectives for reducing CO2 emissions by 2030 Objectives Perimeter Type Base year 2022 Target 2030 Scopes 1 and 2(1) Absolute reduction of 42% in GHG emissions relating to energy consumption(2) Group excl. trans-ofl ex Absolute 393,000 tCO2e -42% Scope 3 Absolute reduction of 25% in GHG emissions from fuel and energy-related activities (not included in scopes 1 and 2) Group excl. trans-ofl ex Absolute 123,987 tCO2e -25% Reduction of 25% per t.km in GHG emissions from subcontracted container shipping, road(3) and rail operations Global Freight Forwarding, European Road Network, Distribution & Express lines of business Intensity 22.55 gCO2e/t.km -25% Absolute reduction of 25% in GHG emissions from air transport Global Freight Forwarding line of business Absolute 1,282,979 tCO2e -25% Absolute reduction of 42% in GHG emissions linked to the use of sold fossil products(4) European Road Network line of business Absolute 233,581 tCO2e -42% (1) The target boundary includes land-related emissions and removals from bioenergy feedstocks. (2) Excludes direct fugitive emissions. (3) Heavy and medium freight trucks. (4) GEODIS’s scope of application is currently limited to fossil fuels sold. (5) Of which 2 kt of refrigerant gas emissions, not included in reduction targets. 44 - 2024 ACTIVITY AND SUSTAINABILITY REPORT
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