Compagnie des Alpes // 2020 Universal Registration Document

4 STATEMENT OF NON-FINANCIAL PERFORMANCE Environmental challenges

4.3 Environmental challenges The main objective of the Group’s subsidiaries is to develop and manage exceptional activity areas in order to offer memorable leisure experiences. As such, the Group considers the environment to be an intangible asset, particularly in the Ski areas, which are located in areas of outstanding natural beauty. Energy, water and biodiversity are therefore three key environmental challenges for their business. A summary of the main environmental indicators is shown in section 4.3.6. NB: (see 4.5.1 Reporting scope). 4.3.1 ORGANISATION AND APPROACH AT GROUP SITES The Group is committed to Act4Nature France In December 2019, the Group committed to the Entreprises engagées pour la Nature – Act4Nature France initiative.

The Group’s environmental information is collected according to three profiles: Leisure parks (nine offering outdoor activities), Ski areas (nine) and tertiary sites (three offices, one workshop and two museums offering indoor activities). It is presented in three areas: Leisure parks (12 entities including nine offering outdoor activities, one workshop and two museums), Ski areas (nine entities), and Holdings and supports (three offices).

in attendance or skier-days over the year. For example, the Leisure parks offer leisure activities that have varied little according to actual attendance. Thus, the indicators that show ratios per visitor are changing unfavourably. In our Ski areas, certain activities, such as the production of artificial snow, are carried out at the beginning of the season, while other activities (grooming, ski lifts) take place throughout the season. Electricity consumption is therefore less affected by administrative closures than the consumption of non- road diesel used by grooming. Depending on the chapters, the SNFP will give some explanations of the significant variations. In any event, it would be wrong to conclude that the significant downward or upward variations in the indicators presented are the result of actions fully managed by the Company during this fiscal year. Organisation and dynamics of the Ski areas Each of the nine Ski areas has a QSE or sustainable development manager. They come together at a quarterly Committee meeting to share their experience and contemplate the different problems and solutions the Ski areas encounter concerning the sustainability of their activities. For several years now, all the Ski areas of the CDA Group have adopted the QSE procedure (Quality-Safety-Environment) aimed at establishing an Integrated Management System based on the Quality ISO 9001, Safety OHSAS 18001 and Environment ISO 14001 standards. After a decade of ISO 14001 certification (from 2007 to 2018 for all sites), and on the strength of very mature environment management systems, the Group’s Ski areas are now turning to complementary programmes with the aim of injecting broader dynamics, including at resort level. Environmental practices are now part and parcel of the sites’ quality systems and effort is being directed towards new challenges relating to the sustainability of the model.

This national initiative, under the aegis of the French Ministry for the Ecological and Solidarity Transition, brings together companies that want to get involved and contribute to the preservation of ecosystems. Not only is it a matter of implementing 10 principles set out in a common charter, but also of defining and committing to additional actions specific to our business lines to reduce our pressure on biodiversity. This approach will bring together all the Group’s actions and objectives in relation to the environment. Today, although short-term actions and medium-term objectives have been defined and shared with the business lines, the Group has not yet published objectives, and has not yet finalised their approval within its governance. In particular, a target for the reduction of greenhouse gas emissions has been set for 2030 in the direct scope (Scope 1 and Scope 2). The low-carbon trajectory will be published in the next SNFP. In the medium term they must also plan more eco-friendly leisure activities for a low-carbon world, maintain their economic and social impact on the local economy and play their part in the maintenance of vital shared assets. Impact of the Covid-19 pandemic The Covid-19 pandemic has had a number of impacts on our activities: firstly, the administrative closure of our sites and therefore a reduction in the operating period, and secondly a decrease in the number of visitors when our sites have authorised to open (particularly the case of Leisure parks). This exceptional performance has therefore resulted in significant variations in the quantitative indicators presented in the SNFP. In addition, the impacts are not necessarily linear with the decrease

99

Compagnie des Alpes I 2020 Universal registration document