Universal Registration Document 2024

4 SUSTAINABILITY REPORT ENVIRONMENTAL MATTERS

These risks and opportunities were identified through discussions with the various directors of Groupe ADP's entities and processes. This identification has been carried out taking into account the climate change scenarios and the transition to a low-carbon economy described below. These risks and opportunities were then ranked and prioritised using the methodology presented below. This analysis also identified the impact on Groupe ADP's business of the transition risks and opportunities concerning the value chain. It was also influenced by the results of the "Impacts and Dependencies" study presented in section 2.3. Biodiversity and ecosystems This transition risk analysis is intended to be updated regularly. [E1-ESRS 2 IRO-1-AR 12-(a)] → Identification of transition events The main risks and opportunities identified, for both assets and activities, have been structured according to the four categories recommended by the IFRS Foundation: political and legal risks, market risks, technological risks and reputational risks. Several risks and opportunities were identified and assessed according to two criteria: criticality and the margin for improvement in risk management. These events have been identified for the short term (one year), medium term (2030 horizon) and long term (2050 horizon). [E1-ESRS 2 IRO-1-AR 12-(a)] → The company has assessed whether the assets and business activities could be exposed to transition events Yes, see: [E1-ESRS 2 IRO-1-20-(c)] → Process to identify climate - related transition risks and opportunities. [E1-ESRS 2 IRO-1-AR 12-(a)] → Identification of transition events. [E1-ESRS 2 IRO-1-AR 12-(b)] → Ranking of transition events Transition risks and opportunities have been identified and prioritised using a combination of three criteria: u the time horizon of the event; u the magnitude of the impact, characterised by its probability and extent; u the effort required to mitigate the risk or seize the opportunity. [E1-ESRS 2 IRO-1-AR 12-(c)] → The identification of transition events and the exposure assessment were supported by climate-related scenario analysis In 2023, Groupe ADP has supported the identification of transition events and the assessment of its exposure to them by analysing climate-related scenarios. The reports Transition 2050 and Élaboration de scénarios de transition écologique du secteur aérien (Drafting scenarios for the ecological transition of the aviation sector), published respectively by ADEME (French Ecological Transition Agency) in 2021 and September 2022, were used. In the Transition 2050 report, the carbon neutrality (CN) scenarios proposed by ADEME are based on the IPCC scenarios (P1 to P4 in the 1.5°C report). What's more, these CN scenarios are designed to come close to the target of carbon neutrality by 2050, as set out in the Paris Agreement.

The ADEME study on air transport analyses three different trajectories for the ecological transition of the aviation sector, over the period 2020-2050, at the French national level. The three scenarios developed by ADEME rely on different levers: u scenario A: technological breakthrough with, for example, the entry into service of hydrogen-powered short-haul aircraft from 2035, and more generally massive investment and rapid adoption of sustainable aviation fuels and low carbon hydrogen. As far as traffic is concerned, there will be no spontaneous change in behaviour and no regulatory incentive to reduce it. However, the increase in ticket prices (linked to the massive investments made) will slow traffic growth compared with the reference scenario (extrapolation of 2019 data); u scenario B: traffic moderation through changes in behaviour and regulatory action (tax levers in particular) leading to a stabilisation of air traffic (2050 level similar to that of 2019). In terms of technology, development is proceeding at a very moderate pace compared with scenario A; u scenario C: an intermediate scenario based on a limited use of the various levers of scenarios A and B; involving both an increase in energy efficiency and a limitation of air traffic. [E1-ESRS 2 IRO-1-AR 12-(d)] → Assets and business activities that are incompatible with the transition to a climate-neutral economy or that require significant efforts to be compatible with this transition have been identified These assets and activities have been identified by analysing locked-in GHG emissions (see E1-1 – (d)). [E1-ESRS 2 IRO-1-21] → Explanation of how a climate - related scenario analysis has been used for the identification and assessment of transition risks and opportunities in the short, medium and long term The two ADEME reports describe scenarios and levers for the transition to a low-carbon economy over the period 2020-2050. These levers have been broken down into transition events within the scope of Groupe ADP's activities and classified according to the TCFD (Task Force on Climate Related Financial Disclosures). These events were compared with the expertise of the company's various directors in order to confirm and qualify them with a view to prioritising them. TAKING CLIMATE ISSUES INTO ACCOUNT IN THE FINANCIAL STATEMENTS, BY ASSESSING THE IMPAIRMENT OF INTANGIBLE ASSETS, PROPERTY, PLANT AND EQUIPMENT AND INVESTMENT PROPERTY [E1-ESRS 2 IRO-1-AR 15] → Explanation of how the climate scenarios used are compatible with the critical climate - related assumptions made in the financial statements Transition risks and opportunities, identified on the basis of climate scenarios, have been taken into account in the financial statements by carrying out impairment tests on our assets. Intangible assets, property, plant and equipment, investment property and investments in equity-accounted companies are tested for impairment whenever the Group identifies one or more indications of impairment likely to impact the estimated future cash flows from these assets or investments. When an asset or investment is tested, its future cash flows are estimated on the basis of a business plan which, in terms of the time horizon, is defined over the useful life of the asset or investment when this is known in advance, or through a medium-term business plan covering

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