Universal Registration Document 2024

RISK FACTORS AND INTERNAL CONTROL 2 RISK FACTORS

2.1.5 RISKS RELATED TO ENVIRONMENTAL CHANGE AND THE EFFECTS OF CLIMATE CHANGE 4 – A: RISKS RELATED TO ENVIRONMENTAL CHANGE AND THE EFFECTS OF CLIMATE CHANGE Insufficient awareness of environmental issues and of the impacts of climate change could negatively affect Groupe ADP’s activity and growth prospects, and even lead to a decline in air traffic. It could also negatively affect the health and integrity of people, both employees and passengers, in the event of poor adaptation to climate change. Criticality +++ Change in 2024 è Detailed description of the risk factor In the context of the fight against climate change and the environmental pressures weighing on this sector, Groupe ADP’s challenge is to: u manage its activity in compliance with applicable regulations and in accordance with international, national and local policies; u support the structural changes in the sector while continuing to serve the interests of all its stakeholders. Potential effects for the Group u Excessive regulatory compliance costs u Additional financial operating costs, operating losses u Degradation of service

u Tightening of noise and climate regulations (traffic restrictions) u Litigation and disputes u Social conflicts Interconnected risks

The activities of the Group’s airports may generate, in the absence of prevention, reduction and/or compensation measures, specific pollution risks (noise, emissions to air, water and soil) and issues related to waste management, resource use (water, energy), biodiversity protection and sustainable development issues, or even an unfavourable climate impact. In addition, depending on the country in which they are located, the activities of Groupe ADP’s platforms may be disrupted by the occurrence of environmental events of an extreme nature (high winds, floods, etc.), notably tied to global warming. Failure to take sufficient account of the environmental issues related to Groupe ADP’s activities, or a perceived failure, could hinder the Group’s business and growth prospects (risk of traffic restrictions), lead to an increase in financing and insurance costs, increase the number of disputes and legal proceedings, ultimately devalue the Group’s assets, have a negative impact on its image and reputation, and lead to recruitment difficulties. It may also lead to movements of mistrust or demands, particularly from its stakeholders.

u Risks related to the economic trajectory u Risks related to economic regulation at Paris hubs u Risks related to regulatory changes u Risks related to portfolio management

MAIN RISK MANAGEMENT SYSTEMS In general, Groupe ADP strives, for its Paris region and international hubs, to (i) minimise its environmental footprint, (ii) facilitate the reduction of the environmental footprint of its service providers and customers, for example, by supporting sustainable decarbonised and low-carbon alternative fuel and hydrogen for aviation or via the electrification of its platforms, and (iii) integrate the environmental performance of its activity over the whole life cycle, including in its development and construction activity. In addition, Groupe ADP has carried out an analysis since 2022 aimed at assessing the current and future climate risks for all of its airport platforms, but also to identify the most critical sites and the climate risks with the greatest impact (based on the European taxonomic classification of climate related risks), taking into account the SSP5-8.5 global warming scenario (most pessimistic scenario and unrealistic, see section 6.4.3) projected in 2030 and 2050. The results of this study are set out in the Sustainability Report section of this document.

In addition to its regulatory obligations and in accordance with its CSR policy, Groupe ADP with its Pioneers for Trust 2025 strategy (detailed in the Sustainability Report of this document), and in particular its environmental section, covers all environmental topics across its entire value chain and for all Group airports that are signatories to the Airport For Trust charter. The CSR strategy includes several objectives and trajectories to control environmental risks specifically focused on the challenges of sustainable construction and development. In particular, Groupe ADP is continuing to roll out a carbon budgeting tool for its Paris region hubs and controlled assets (TAV and AIG), (see the Sustainability Report section of this document). Aéroports de Paris is also committed to a voluntary approach to define its Net Zero Soil Proofing trajectory for its new projects, which enable rainwater to be returned to nature in a controlled manner using nature-based solutions as defined by the French Biodiversity Office.

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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS