Compagnie des Alpes // 2021 Universal Registration Document

4 STATEMENT OF NON-FINANCIAL PERFORMANCE Environmental challenges

4.3.2.3 Direct carbon footprint 4.3.2.3.1 Breakdown of direct greenhouse gas (GHG) emissions- Scope 1 and 2 Emissions have been calculated for Scopes 1 and 2. The bulk of greenhouse gas emissions (35%) are due to the direct consumption of fossil fuels (diesel, non-road diesel, fuel oil and petrol), primarily for grooming and other vehicles as mentioned above, followed by natural gas for heating or cogeneration (48%).

Although electricity is the Group’s main energy source (12%), related emissions are only 12% of our total greenhouse gas emissions because we use renewable energy (market-based vision), and it is consumed in France where the emission factor is low. Emissions of coolants (4% of total emissions) only relate to the cooling systems of some computer rooms as well as the cold storage rooms of Leisure parks. These circuits are controlled by authorised service providers and some are recharged.

BREAKDOWN OF GHG EMISSIONS (TEQ. CO 2 ) – SCOPE 1 AND SCOPE 2 (MARKET BASED) 2018/2019 2020/2021

4.2 % Coolants

0.9 % Municipal systems

2.4 % Coolants

1.6 % Petrol

12.1 % Electricity

25.2 % Gas

26.7 % Diesel and non-road diesel

32,252 teq. CO 2

13,489 teq. CO 2

2.8 % Fuel oil

52.8 % Diesel and non-road diesel

2 % Petrol 6.5 % Fuel oil

14.4 % Electricity

47.6 % Fossil gases

0.8 % Municipal systems

Due to the exceptional conditions of the 2021 financial year (in connection with the pandemic), the Group’s greenhouse gas assessment (market- based approach), the details of which are shown in the table in paragraph 4.3.6, amounts to:

Financial year

GHG assessment

Ski areas

Leisure parks

Holdings and supports

2020/2021

13,489 32,252

26% 52%

73% 48%

1%

Ref. 2018/2019

~ 0%

With a location-based approach, the Group’s statement of financial position is 20,603 tonnes of CO 2 eq. for the financial year 2020/2021.

More specifically: l this assessment is prepared in accordance with Article 75 of Act no. 2010-788 of 12 July 2010 (the “Grenelle II” Act) and uses emission factors from version V8.6 of the carbon assessment, of the IEA (CO 2 Emissions from Fuel Combustion 2020-Year 2018), or specific emission factors related to urban networks;

l because the Group does not yet publish Scope 3 emissions, our direct emission calculations take account of all the emission factors, including upstream stations, combustion and transport.

CHANGE IN TOTAL GREENHOUSE GAS EMISSIONS (TEQ. CO 2 ) - MARKET BASED

2020/2021

2016/2017

2017/2018

2018/2019

2019/2020

Total GHG emissions Difference N – N-1

34,842

32,415 (2,427)

32,252

26,218 (6,034)

13,489 (12,729)

(163)

The decrease of 12,729 teq. CO 2 compared to the previous year, is mainly due to the prolonged shutdown of operations due to the Covid-19 pandemic, as the 2019/2020 financial year had already been affected by the pandemic.

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Compagnie des Alpes I 2021 Universal registration document