Universal Registration Document 2024
SUSTAINABILITY REPORT 4 ENVIRONMENTAL MATTERS
E1-3 – Adaptation plan: physical climate risks and transition risks
operational processes, while co-constructing appropriate solutions. This internal mobilisation helps to ensure that the realities on the ground are taken into account in detail and to guarantee collective support for the planned actions. For example, engineering and design teams can help define resilient construction standards for new infrastructure, while HR managers can integrate climate issues into business continuity plans to protect employees in crisis situations. This has made it possible to raise the issue of adaptation at the highest level of the company, with presentations to the Executive Committee in 2022, 2023 and 2024, which have raised awareness of climate-related risks and opportunities among decision-makers, while validating medium- and long term strategic orientations. This involvement ensures that the targets for climate change adaptation are aligned with the company's overall vision. Lastly, Groupe ADP has taken a decisive step forward with the creation, in September 2024, of an Environment Project Manager position in charge of climate change adaptation. This decision reflects a growing awareness within the Group of the need to consolidate efforts to respond to climate impacts in a coordinated and continuous way. Mobilising external stakeholders At the same time, Groupe ADP has engaged with external players to strengthen its climate adaptation approach. This includes collaboration with international organisations such as UNESCO, notably through financial support for its 'wet heat' programme, as well as with institutions specialising in climate resilience, via partnerships with initiatives such as the WEF (World Economic Forum) Airports of Tomorrow. In addition, as there are many interdependencies in the transport and energy sectors, Groupe ADP has initiated exchanges with major companies in these sectors, such as EDF and SNCF. As well as, participation in the working group organised by ACI (Airport Council International) Europe, which focuses on adaptation issues, enables peers to share their experience. These inter-company exchanges strengthen the Group's ability to adopt tried-and-tested solutions and to anticipate regulatory and technological developments. They also encourage the emergence of a collective and innovative vision of climate risk management. By working together, we can enhance the relevance of adaptation measures by taking account of sectoral dynamics, avoiding duplication or contradictions in the strategies adopted, and sharing best practices. Lastly, as part of its commitment to transparency, Groupe ADP also undertakes to establish regular dialogue with its stakeholders, such as at the Stakeholder Committee meeting held on 13 December 2024. During 2025, this dialogue will be extended to local authorities, mobility agencies and other public players, with the aim of coordinating actions and incorporating local priorities into adaptation plans.
[E1-3-28] → Actions and resources related to climate change mitigation and adaptation [see ESRS 2 MDR-A] To date, Groupe ADP is preparing a specific roadmap to help it make progress in climate change adaptation. This preliminary roadmap, set out below, is intended to lay the foundations for a comprehensive adaptation strategy, guide priority actions and pave the way for concrete, coherent measures. In 2025, Groupe ADP intends to continue this momentum by working on a detailed action plan for its Paris hubs. This should make it possible to identify and validate the adaptation actions to be retained or implemented to ensure the resilience of these assets to the impacts of climate change. Assessment of physical and transition climate risks With regard to physical risks, the first stage, carried out in 2022 and 2023, consisted of a study of current and future gross risks (2030 and 2050 horizons) at all Groupe ADP airports. This analysis of gross risks does not include current or future risk mitigation or adaptation actions; its main objective is to identify the most critical sites and map the most significant climate-related risks (based on the European taxonomic classification of climate-related risks). The second stage, which began at the end of 2023 (and is still in progress), consists of an analysis of the net physical risks for the Group's financially controlled airports. This study involves in-depth site visits to take account of existing and planned mitigation and adaptation actions when assessing the risk. The analysis includes an assessment of the cost of additional risk mitigation and adaptation actions that may be implemented as well as an assessment of the impact of the net risk on the value of the assets. To date, this analysis has been carried out for Groupe ADP's Paris airports and for Amman Airport in Jordan. Visits to Izmir-Adnan Menderes and Milas Bodrum Airports are also planned for early 2025 in Turkey. Internal resources mobilised From the launch of these studies in 2022, Groupe ADP has set up a joint steering committee involving the Sustainable Development Department and the Audit, Security and Risk Management Department. This collaboration has ensured a holistic approach to the challenges of climate change by treating the issue of climate adaptation as a cross-cutting priority, integrating environmental, operational and strategic issues. To ensure the robustness of its adaptation plan, Groupe ADP solicited contributions from its main internal stakeholders, in particular the operational units, the Human Resources Department and the engineers in charge of construction projects. These working groups, set up in 2022, have helped to identify the specific vulnerabilities of infrastructures and
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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS
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