Veolia

Veolia, a French company in the collected and purified water and water distribution services industry, has set ambitious climate targets.

Emissions Data:

In 2025, Veolia reported its projected Scope 1 emissions as 18,200,000,000 kg CO2e. Scope 2 market-based emissions were approximately 1,552,000,000 kg CO2e, and location-based Scope 2 emissions were around 1,753,000,000 kg CO2e. Scope 3 emissions totalled approximately 28,788,000,000 kg CO2e. Key Scope 3 categories included fuel and energy-related activities (6,924,000,000 kg CO2e), use of sold products (6,803,000,000 kg CO2e), and purchased goods and services (5,466,000,000 kg CO2e).

Looking back, in 2024, Veolia's projected Scope 1 emissions were about 18,337,000,000 kg CO2e. Scope 2 market-based emissions stood at approximately 1,913,000,000 kg CO2e, and location-based Scope 2 emissions were around 2,135,000,000 kg CO2e. Scope 3 emissions for 2024 were approximately 31,309,000,000 kg CO2e, with significant contributions from fuel and energy-related activities (8,834,000,000 kg CO2e), use of sold products (6,691,000,000 kg CO2e), and purchased goods and services (5,786,000,000 kg CO2e).

In 2023, Veolia reported Scope 1 and 2 emissions of about 21,600,000,000 kg CO2e and Scope 3 emissions totalling approximately 42,200,000,000 kg CO2e.

For 2022, Veolia's Scope 1 emissions were approximately 28,600,000,000 kg CO2e, Scope 2 emissions were around 4,900,000,000 kg CO2e, and Scope 3 emissions reached approximately 29,510,000,000 kg CO2e.

In 2021, Veolia's Scope 1 emissions were about 22,243,000,000 kg CO2e. Scope 2 market-based emissions were approximately 2,032,000,000 kg CO2e, and location-based Scope 2 emissions were around 2,172,000,000 kg CO2e. Scope 3 emissions totalled approximately 27,374,000,000 kg CO2e, with fuel and energy-related activities accounting for 6,849,000,000 kg CO2e and use of sold products for 6,917,000,000 kg CO2e.

Climate Commitments:

Veolia Environnement S.A. is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. This net-zero target has been validated by the Science Based Targets initiative (SBTi) as consistent with keeping warming to 1.5°C.

Near-Term Targets (SBTi-validated):

• Scope 1 and 2: Veolia commits to reduce absolute Scope 1 and 2 GHG emissions by 50.4% by 2032 from a 2021 base year.
• Scope 3:
  • A 30% absolute reduction in Scope 3 GHG emissions by 2032 from a 2021 base year, covering fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, upstream leased assets, and use of sold products.
  • 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 (SBTi-validated):

• Overall Net-Zero: Veolia commits to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2021 base year.
• Scope 3 (Sold Products - Fossil Fuels): Within the overall target, Veolia commits to reduce absolute Scope 3 GHG emissions from the use of sold products (covering sold and distributed fossil fuels) by 90% by 2050 from a 2021 base year.

Additional Commitments:

• Veolia aims to phase out coal by 2030, with a planned investment of €1.5 billion, targeting a reduction of 2.7 million tonnes of CO2e.
• In 2019, Veolia committed to a 22% reduction in its Scope 1 and 2 emissions by 2034, compared to a 2018 baseline.
• The company has also committed to a 50% reduction in its Scope 1 and 2 emissions and a 30% reduction across 67% of Scope 3 emissions by 2032, compared with 2021 levels.
• Between 2015 and 2020, Veolia aimed to achieve 100 million metric tons of CO2 equivalent of reduced emissions and 50 million metric tons of CO2 equivalent of avoided emissions.