Universal Registration Document 2024
PRESENTATION OF THE GROUP 1 REGULATORY ENVIRONMENT
u ensures, at the request of the French minister responsible for Health, the application of certain health regulations, and provides, under the same conditions, appropriate information for passengers going to or coming from geographical regions temporarily affected by an epidemic; u ensures the application of environmental regulations and is responsible, in this capacity, for the measurement of noise and measurements relating to atmospheric pollutants, rainwater run-off and wastewater; u issues authorisation for activity at airports to ground handling service providers, air carriers that handle their own ground handling, and other companies engaged in industrial, commercial or craft activity. The specifications provide the French State with the right to be informed about the economic and financial situation of the Company. For this purpose Aéroports de Paris must provide the French State with an annual report on the public service missions for the past financial year. The French State also monitors the Company’s use of the land and buildings it owns, in order to ensure the satisfactory fulfilment of the public service obligations assigned to it. u at the global level, the adoption of a carbon neutrality target for international aviation by 2050 at the last General Assembly of the International Civil Aviation Organization (ICAO) is an ambitious long-term objective for the reduction of CO 2 emissions. Achievement of this objective will be based on a basket of measures based mainly on the use of sustainable aviation fuels (SAF) and on the implementation of an offsetting mechanism known as the Carbon Offsetting and Reduction Scheme for International Aviation, or CORSIA, allowing the offsetting, from 2021 as part of a pilot phase, of all emissions exceeding the reference year of 2019. These commitments were reaffirmed in 2023 at the third Conference on Aviation and Alternative Fuels (CAAF/3), whose work led to the adoption of a global framework for sustainable aviation fuels (on 29 November 2023 in Dubai); u at the European level, the negotiations on the "Fit for 55 package", the objective of which is to reduce net greenhouse gas emissions by 55% by 2030, have made significant progress in aviation with the adoption of several regulations applicable to the sector: Regulation (EU) 2023/1804 of 13 September 2023 on the deployment of an infrastructure for alternative fuels known as “AFIR” requiring the provision of electricity at airports for all on
In the event of transfer to the private sector of most of Aéroports de Paris’ share capital, as authorised by the Pacte law, new specifications will apply to Aéroports de Paris. Article 131 of the Pacte law sets the minimum content of the specifications. The new specifications must, in particular, include provisions to regulate and/or authorise various operations, in particular those relating to the land of Aéroports de Paris, which must return to the French State at the end of the 70 years of operation by Aéroports de Paris. Article L. 6323-4 of the French Transport Code sets the method of calculation of the amount of any fine (“financial penalty”) that the French Minister responsible for Civil Aviation may impose, after approval by a committee of experts chaired by a judicial or administrative magistrate, in the event of a failure by Aéroports de Paris to meet its specific obligations under the specifications. This amount must be proportionate to the severity of the breach, the scale of any loss and any advantage that may be gained, up to a maximum of 0.1% of revenues excluding tax of the preceding financial year, raised to 0.2% in the event of a further violation of the same obligation 1 . contact aircraft stands located next to a terminal by 2025 and for remote stands by 2030; Regulation (EU) 2023/2405 of 18 October 2023 on ensuring a level playing field for a sustainable air transport known as “ReFuelEU Aviation” which imposes a minimum rate of progressive incorporation of sustainable aviation fuels by aviation fuel suppliers at EU airports; u at the national level, in France, the measures aimed at decarbonising air transport are reflected in the framework of French law no. 2021-1104 of 22 August 2021, which provides for an obligation to fully offset emissions from domestic air transport from 2024, a ban on air connections when there is an alternative by train of less than two and a half hours (with the exception of connecting flights) and a ban on the declaration of public utility for terminal or runway extensions, if this translates into a net increase, after offsetting, in greenhouse gas emissions generated by airport activity compared to 2019. Although not all decarbonisation measures systematically target airport operators directly, any legislation of this type is likely to have an impact on Groupe ADP’s activities, particularly due to increased operating costs for airlines. In addition, in this context, the role of airport operators will be decisive for the adaptation and development of airport infrastructure to ensure a supply of sustainable aviation fuels (SAF).
LEGISLATION RELATING TO THE DECARBONISATION OF CIVIL AVIATION As an airport operator, Groupe ADP is concerned by regulatory and legislative initiatives aimed at reducing the environmental footprint of air transport and combating global warming:
1 In the event of privatisation, the ceiling of the financial penalty would be increased to 2% of revenue excluding tax for the last financial year ended by breach and to 10% of revenue excluding tax in the event of cumulative breaches.
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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