Veolia Environnement (VIE) Status Update summary

Financial and Strategic Performance

• 2024 revenue reached €44.7bn (+5.0%), EBITDA €6.8bn (+5.8%), and current net income €1.53bn (+14.6%), with leverage at 2.63x, all targets met or exceeded.

• EPS rose 12.4% to €2.13, ROCE after tax at 8.8%, and free cash flow at €1,819 million.

• GreenUp 2027 targets include ≥€8bn EBITDA, ~10% net income CAGR, and ambitious environmental goals.

• Employee shareholding reached ~9%, with a record 45% subscription rate and a dedicated share buyback program planned.

• 44% of turnover and 71% of eligible scope aligned with EU Green Taxonomy in 2024.

Environmental and Decarbonization Achievements

• Scope 1 and 2 emissions reduced by 14.5% since 2021; targeting 18% reduction by 2027 and 50% by 2032.

• Scope 3 emissions targeted for 30% reduction by 2032; Scope 4 (erased emissions) increased 13% to 15.2 Mt CO₂e.

• €133.5 million invested in coal exit and methane capture in 2024, €656 million since inception, with double-digit IRR.

• Green and blue bond framework established, aligned with EU taxonomy and Moody’s SQS2 rating.

• Climate commitments validated by SBTi, Moody's, and other leading agencies for a 1.5°C trajectory and Net Zero 2050.

Circular Economy, Depollution, and Regeneration

• Treated 8.7 million tonnes of hazardous waste in 2024, targeting 9 million tonnes by 2027.

• PFAS and new pollutants treatment generated €205 million in revenue in 2024, aiming for ~€1 billion by 2030.

• 1.45 billion m³ of fresh water saved in 2024; leadership in water reuse and leak reduction.

• 73% of biodiversity action plans deployed on sensitive sites, with a 2027 target of 85%.

• €9.5bn turnover from circular economy solutions in 2024; PlastiLoop network expanded to Japan.