Veolia

Veolia, a French company in the collected and purified water and distribution services industry, is committed to climate action.

In 2025, Veolia's Scope 1 emissions were approximately 18.2 billion kg CO2e, market-based Scope 2 emissions were around 1.55 billion kg CO2e, and Scope 3 emissions totalled about 28.79 billion kg CO2e. The total reported Scope 1 and 2 emissions for 2025 were approximately 48.54 billion kg CO2e (market-based).

Veolia has set ambitious reduction targets validated by the Science Based Targets initiative (SBTi). The company commits to achieving net-zero greenhouse gas emissions across its entire value chain by 2050.

Near-term targets include:

• An absolute reduction of Scope 1 and 2 GHG emissions by 50.4% by 2032, from a 2021 base year.
• A 30% absolute reduction in Scope 3 GHG emissions by 2032, covering fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, upstream leased assets, and use of sold products (from a 2021 base year).
• A 50.4% absolute reduction in Scope 3 GHG emissions from the use of sold products, specifically covering sold and distributed fossil fuels, by 2032 (from a 2021 base year).

Long-term targets, also by 2050 from a 2021 base year, include:

• A 90% absolute reduction in Scope 1, 2, and 3 GHG emissions.
• Within the Scope 3 target, a 90% reduction in GHG emissions from the use of sold products, covering sold and distributed fossil fuels.

Veolia also has an earlier SBTi commitment from a 2018 base year, aiming to reduce absolute Scope 1 and 2 GHG emissions by 40% by 2034, classified as consistent with a "Well-below 2°C" warming scenario.

The company is also investing approximately €1.5 billion to phase out coal by 2030, aiming for a 2.7 million metric tons CO2 reduction in Scope 1 emissions.