Veolia

Veolia's carbon emissions in 2025 were approximately 48.5 billion kg CO2e for Scope 1 and 2 (market-based), and 28.8 billion kg CO2e for Scope 3.

The company has set several climate commitments:

• Net Zero Target: Veolia Environnement S.A. aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. This target is validated by the Science Based Targets initiative (SBTi) and is consistent with limiting global warming to 1.5°C.
• Near-Term Targets (SBTi-validated):
  • Reduce absolute Scope 1 and 2 GHG emissions by 50.4% by 2032, from a 2021 base year.
  • Reduce absolute Scope 3 GHG emissions (covering fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, upstream leased assets, and use of sold products) by 30% by 2032, from a 2021 base year.
  • Reduce absolute Scope 3 GHG emissions from the use of sold products, specifically covering sold and distributed fossil fuels, by 50.4% by 2032, from a 2021 base year.
• Long-Term Targets (SBTi-validated):
  • Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050, from a 2021 base year.
  • Reduce absolute Scope 3 GHG emissions by 90% by 2050, from a 2021 base year.
  • Reduce Scope 1 emissions from electricity generated by 96.5% per MWh by 2040, from a 2021 base year.
  • Reduce Scope 1 and Scope 3 GHG emissions from fuel and energy-related activities covering all sold electricity by 98% per MWh by 2040, from a 2021 base year.

Additional commitments include a planned investment of €1.5 billion to phase out coal by 2030, aiming to reduce Scope 1 emissions by approximately 2.7 million metric tons CO2e. The company had previously committed in 2019 to a 22% reduction in Scope 1 and 2 emissions by 2034, compared to a 2018 baseline. Veolia also reported an avoided 14 million tonnes of CO2 emissions in 2022 and 12 million tonnes in 2020 (Scope 4).