Universal Registration Document 2024
CORPORATE GOVERNANCE 3
CORPORATE GOVERNANCE REPORT ADOPTED BY THE BOARD OF DIRECTORS ON 19 FEBRUARY 2025
Achievement of objectives The objectives were achieved, respectively, at 110% for the quantitative objectives (amount of Group recurring EBITDA: 110%; Group ROCE: 110%) and 130% for qualitative targets (including CSR Climate commitment: 150%, CSR social commitments: 80%, continued deployment of the 2022-2025 strategic roadmap, securing the industrial model and roll-out of the 2024 Olympic and Paralympic Games: 150%).
Achievement rate
Value achieved
2024 Objectives
Weighting
Comments
Group recurring EBITDA in €m
30% 25%
110% 2,068 The level of performance ranges from 0.7 to 1.1 (variable portion zero if the level is less than 0.7). The expected achievement levels 1,110% 7.04%
Group ROCE in %
for each of these criteria have been pre-set precisely by the Board of Directors in accordance with the 2024 budget assumptions (deliberation of 20 December 2023), but are not made public for reasons of confidentiality, in accordance with recommendation DOC 2012-02 of the AMF.
Social and environmental responsibility: Climate objective: submission, within the scope of the Paris airports, of the short-term SBTi (~2030) and Net Zero (2050) targets, together with action plans, for Scope 1, 2 and 3 CO 2 emissions, aligned with the 1.5°C pathway, and after their prior review by the Board of Directors Social and environmental responsibility: social commitments, focusing in particular on: u Workplace safety, in particular improvement of the frequency rate indicator, by addressing the various risk factors and developing a culture of prevention at all levels; u Employment of young people, in particular continuing the development of work-study programmes and achieving a hiring rate at the end of these programmes of around 15%. Continued deployment of the 2022-2025 strategic roadmap, securing the industrial model and roll-out of the 2024 Olympic and Paralympic Games; achievement takes the form of: u the development of the three areas provided for by the plan: u imagining the sustainable airport of tomorrow, u building a global, integrated and responsible Group, u innovating, supporting and empowering, particularly in the management of human resources and recruitment; u the implementation of all measures necessary for the smooth running of the 2024 Olympic Games. * Regarding the first qualitative Climate objective: submission, within the scope of the Paris airports, of the short-term SBTi (~2030) and Net Zero (2050) targets, together with action plans, for Scope 1, 2 and 3 CO 2 emissions, aligned with the 1.5°C pathway, and after their prior review by the Board of Directors, the following was achieved: The SBTi application was submitted in the spring, after being reviewed by the Executive Committee on 29 January 2024 and then by the Board of Directors on 14 February 2024. The submitted application aligns with the description given in this objective. SBTi approved the defined objectives on 3 October 2024, and information was provided to the Board of Directors on 16 October 2024. They were published on the SBTi website on 3 October 2024. On the same day, ADP issued a press release.
12%
150% qualitative The level of performance ranges from 0.8 to 1.5 (variable portion zero if the level is less than 0.8).
Information on the level achieved: see text below.*
13%
80% qualitative The level of performance ranges from 0.8 to 1.5 (variable portion zero if the level is less than 0.8).
Information on the level achieved: see text below.*
20%
150% qualitative The level of performance ranges from 0.8 to 1.5 (variable portion zero if the level is less than 0.8).
Information on the level achieved: see text below.*
The SBTi approach enables Aéroports de Paris SA to validate the alignment of its GHG emissions reduction strategy with the Paris agreements (maximum 1.5°C by 2100), by demonstrating the consistency of its quantified objectives for reducing its internal emissions (Scope 1 and 2) and external emissions (Scope 3 relating to stakeholder emissions) with scientific recommendations, in the medium and long term. The SBTi certification is in line with the application of the European framework, and in particular the Corporate Sustainable Reporting Directive (CSRD). The commitment validated by the SBTi for Aéroports de Paris SA is the "Net Zero" commitment, which corresponds to an absolute reduction in GHG emissions of 90% by 2050 compared with the 2019 base year. Residual Scope 1 and 2 emissions will have to be offset by carbon capture projects. Overall commitment: Aéroports de Paris SA is committed to achieving Net Zero greenhouse gas emissions throughout its value chain by 2050.
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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