Veolia

Review summary

Veolia has submitted its strategic 2024-2027 GreenUp Strategic Program, its renewal of individual commitments to act4nature international for the period 2024-2027 and its 2023 annual financial report to ‘Its Now for Nature’ and met all the criteria to be part of the campaign.

Reviewed July 2024

Veolia has conducted a materiality assessment as part of their readiness for CSRD addressing nature-related dependencies, impacts, risks and opportunities across the direct operations and upstream value chain.
Veolia has used the TNFD LEAP approach to identify risks and opportunities in the short, medium and long term for its direct operations and its upstream value chain.
The focus areas are: climate change, pollution and water resources but their assessment also covered invasive species, land use change and depletion of natural resources.
For example, primary challenges are rooted in decarbonizing, decontaminating as well as saving and regenerating resources.

Veolia has 14 commitments as part of their act4nature commitments based on the 4 TNFD pillars.
For example, on Metrics & Targets: Veolia has committed to save water resources with a target of 1.5 billion m3 of freshwater saved in 2027 through the reuse of treated water, desalination and leakage reduction.

Veolia has a GreenUp Strategic Program until 2027, to decarbonize, depollute and regenerate resources through three lines of action (Bioenergy, Flexibility and Energy Efficiency; Water Technologies & New Solutions and Hazardous Waste Treatment).
For example, for achieving its target on saving water resources: “Veolia aims to become the water services provider of the future by focusing on the efficiency of its solutions, and using cutting-edge technologies that include the reuse of treated wastewater, the treatment of water and pollutants, such as PFAS or micro plastics, and the production of drinking water.”

The CEO has signed off the nature commitments of Veolia.
The ESG Committee, co-chaired by senior executives, coordinates the company’s efforts in environmental, social, societal, compliance, and governance areas. It defines strategic priorities, approves the environmental policy, and oversees the environmental management system.