GreenUp

Veolia Launches Its New Strategic Plan to Accelerate Ecological Transformation to Meet Growing Global Demand - Seite 2

This impact demonstrates the importance of dedicating efforts to greening, transformation, and not just to what is already “green”. This is the most effective way to reconcile economy and ecology, and that is precisely the objective of GreenUp. Veolia is also accelerating its own decarbonization trajectory, with a reduction in emissions (Scope 1 & 2) of -50% by 2032, compatible with the 1.5°C warming trajectory of the Paris Agreement.

Veolia is poised to obtain the benefits offered by growth opportunities, capitalise on its key market position and reap the dividend of being a champion. The company is targeting average annual growth of 10% in its current net income over the period 2023-2027, and an EBITDA of more than €8 billion in 2027.

To achieve its growth, Veolia acts as a solutions integrator, combining its different businesses - water, waste and energy - to help its customers decarbonize, depollute and regenerate resources. To achieve this, the Group relies on the combination of its core businesses with growth boosters, and its presence in different geographies in order to duplicate proven solutions in one of the 44 countries where it operates.

Boosters and development of digital and technological innovation

Spearhead of Veolia's growth, the boosters are strategic activities to which the Group will devote a major share of its resources, as part of its GreenUp plan. They already account for 30% of its revenue and will generate 70% of its 2024-2027 growth. Veolia will allocate half of its growth investments to these activities, i.e. €2 billion, as much as for all the activities in the previous strategic plan.
The GreenUp boosters are:

• Decarbonizing local energy, through bioenergies, energy efficiency in buildings and industries, and electrical flexibility,
• Water technologies and new solutions to preserve water resources and treat new pollutants,
• Hazardous waste treatment, to treat the most toxic and harmful elements to protect ecosystems and public health.

Already a leading player in the research and development of environmental solutions, with 14 research centres around the world, the Group is going to significantly step up its investment in innovation with an additional €200m to design the technologies of the future.