Universal Registration Document 2024
PRESENTATION OF THE GROUP 1 GROUPE ADP’S ACTIVITIES
In accordance with the CSRD (Corporate Sustainability Reporting Directive), Groupe ADP incorporates the double materiality approach into its analysis. This approach makes it possible to assess the impact of environmental and societal risks on the company, as well as the influence of the Group's activities on these same issues, thereby guaranteeing informed decision-making and ongoing adaptation to changes in the global context (see the "Sustainability Report and Vigilance Plan" section of this document). Thanks to its many assets (its strong local roots, its geographical positioning and its real estate portfolio), the diversity of its activities and its recognised expertise, Groupe ADP has a solid profile with significant potential for resilience, enabling it to aim for responsible, sustainable growth that creates value for all its stakeholders. In the context of the urgency of climate change, the environmental transition is a strategic challenge for Groupe ADP. Through its 2025 Pioneers roadmap launched in 2021, Groupe ADP is committed to becoming a pioneer in the decarbonisation of the airport and aviation industry. By aiming for carbon neutrality for all its airports by 2030, in terms of its internal emissions (Scopes 1 and 2), and a net zero target for its indirect emissions (Scope 3) by 2050, Groupe ADP is positioning the energy and environmental transition as a central lever for the transformation of its business lines, while also maintaining the sustainable growth of its activities over the long term. In this respect, the development of new energy sources may represent an opportunity for Groupe ADP. The development of photovoltaic solar energy, the work in progress on an 80 GWh/year geothermal power plant at Paris-Charles de Gaulle, and the investment made in May 2024 in Lanzajet, a US producer of sustainable aviation fuel (SAF), are examples of the Group's commitments to decarbonising its hub operations, while positioning itself to produce and distribute renewable energies. At the same time, Groupe ADP is actively committed to improving rail/air intermodality, by facilitating access to airport hubs via optimised rail connections. At the heart of this transformation, innovation plays a central role, notably through partnerships for the development of hydrogen infrastructure. These initiatives are helping to gradually transform the Group's airports into energy hubs and multimodal hubs, integrating sustainable transport solutions. Aéroports de Paris SA's greenhouse gas (GHG) emissions reduction targets were certified by the SBTi (Science-Based Target initiative) at the beginning of September and made public in October 2024. Environmental transition of Groupe ADP’s activities
SBTi certification 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 (Scopes 1 and 2) and external emissions (Scope 3 relating to stakeholder emissions) with scientific recommendations, over the medium and long term. Groupe ADP's value chains Groupe ADP is positioning itself as a key player in sustainable aviation, by integrating ecological solutions into its operations to reduce its environmental footprint and that of its stakeholders. Its activities, in France and abroad, span three value chains: aviation, retail and services, and real estate. So we are talking about Groupe ADP's value chains, and not just one single value chain. The Hub One and Hologarde subsidiaries provide ad hoc IT services across our three value chains. They may also provide services to other players, although the revenue generated remains negligible at Groupe ADP level and does not require the identification of a dedicated value chain. Each value chain is structured around three groups: u upstream, which includes activities related to the supplies and services needed to operate or carry out the business, such as energy supply, telecommunications and waste management; u direct operations, which include the management of airport infrastructure and real estate, and the provision of retail shops and services managed by Groupe ADP and its subsidiaries; u downstream: activities that deliver a complete service, enhance the customer experience and meet the expectations of consumers or end-users. The value chains are illustrated below. Equity-accounted subsidiaries 1 , i.e. , subsidiaries in which Groupe ADP has significant influence but no direct operational control, are not an integral part of the Group's value chains. This is particularly true of GMR Airports and the international airports in which ADP International holds minority stakes (Santiago de Chile, Nosy Be and Antananarivo, Liège and Zagreb). These subsidiaries are considered to be business relationships. Strategic and operational decisions are taken by local partners or grantors, guaranteeing local autonomy while benefiting from Groupe ADP’s expertise. However, the activities of four equity-accounted subsidiaries form an integral part of the Group's value chains because of their strong operational links to the activities of the value chains to which they respectively belong. These are TAV Antalya and TAV TGS for the “aviation” value chain, and Extime Food & Beverage Paris and TAV ATU Duty Free for the “retail and services” value chain.
1 The complete list of French and foreign subsidiaries and equity investments included in the scope of consolidation is presented in note 18 to the consolidated financial statements for 2024.
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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