GreenUp

Veolia Launches Its New Strategic Plan to Accelerate Ecological Transformation to Meet Growing Global Demand

Regulatory News:

Veolia (Paris:VIE):

GreenUp 2024-2027

• Solid organic revenue growth1 • €350m savings per year

• Over €8 bn of EBITDA in 2027

• ~ 10% annual growth in net profit over 2023-2027²

• Financial leverage ≤ 3x

• Dividend growth in line with current EPS

• €4 bn of growth investments, of which €2 bn are prioritized on 3 growth boosters

• Decarbonization: 18m tons of CO2 erased in 2027 (scope 4) & emission reduction trajectory compatible with 1.5°C warming (scope 1&2)

• Regeneration: 1.5 bn m3 of fresh water saved in 2027

• Depollution: 10m tons of hazardous waste and pollutants treated in 2027

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"The ecological awareness must now be channelled towards effective action, which protects rather than punishes, which reconciles the economy with ecology, and human health with the environment. This is the meaning of our new strategic programme: GreenUp! With GreenUp, Veolia becomes the best catalyst of ecological transformation for cities and industries, ready to seize the opportunities created by the demand of populations everywhere in the world," comments Estelle Brachlianoff, CEO of Veolia.

The demand for ecological transformation has never been stronger. In a world committed to achieving carbon neutrality and gradually reducing fossil fuels, industries and territories need a shock of proven, affordable and replicable solutions. Solutions that enable them to reduce their carbon footprint, but also to adapt to the already visible consequences of climate change, notably on water resources, preserve the health of populations, and exploit new local resources to gain greater sovereignty and autonomy.

Ideally positioned in this booming market, estimated to be worth around €2.500 billion, Veolia is accelerating the profitable growth of its activities worldwide with its new GreenUp plan, while strengthening its decarbonization commitments. To achieve this, the Group will focus primarily on its high-impact solutions - the boosters. These are the most essential and transformative solutions in the fields of water, energy and waste. Their rapid, large-scale deployment will help erasing 18 million tons of Scope 4³ CO2 emissions by 2027 and preserve 1.5 billion m3 of water.