Compagnie des Alpes // 2021 Universal Registration Document

4 STATEMENT OF NON-FINANCIAL PERFORMANCE Environmental challenges

4.3.2.3.2 Direct greenhouse gas emissions per visitor and per euro of revenue Intensity per visitor or skier-day Customers who come to our sites have a complete experience, made up of several products and services (ski lifts, grooming, attractions, catering, aquatic areas). It is therefore relevant to look at performance indicators that may include all the impacts related to customer traffic, which is the most determining factor of our energy consumption, excluding exceptional operating periods as experienced in 2019/2020 and again in 2020/2021.

We have therefore examined per-visitor energy consumption and emissions: skier-day and summer visitors for the Ski areas and visitors to the Leisure parks (see table § 4.3). This ratio is not significant in the ski areas due to the closure of the ski areas during the winter season even though the preparation for the season had been undertaken. For Leisure parks, we find a carbon intensity of 2.05 kg eq. CO 2 per visitor, in line with previous years.

INTENSITY PER EURO OF REVENUE

Intensity of direct GHG emissions per thousand euros of revenue, market-based (K eq. CO 2 /€K)

2020/2021

2016/2017

2017/2018 2018/2019 2019/2020

Group

45.7

40.5

37.8

42.6

57.8 45.1

Leisure parks

Indicator monitored by business segment from 2021

Not significant (1)

Ski areas

(1) See 4.3.1 Impact of Covid-19 pandemic.

4.3.2.4 Indirect environmental footprint performance (Scope 3)

Leisure parks For the Leisure parks, our Scope 3 figures are based on Futuroscope and Bellewaerde’s GHG emission figures (conducted in 2021). According to these figures, our Scope 3 indirect emissions are also probably in the region of 80% of our total Carbon Footprint, in particular 33% to 47% of the total Carbon Footprint corresponds to travel by visitors to our sites, and similarly 25% to 33% corresponds to purchases (operations and investments). Given the heterogeneity of the Leisure parks (catchment areas, public transport services, etc.) a simple extrapolation is not planned to approximate Scope 3 for the rest of the Leisure parks. Work will be required to isolate the influencing factors to obtain a more reliable estimate. Visitor travel to our destinations The vast majority of visitors travel to the sites by car, with a significant impact on the GHG emissions of the leisure activity. The climate change impacts of the energy transition are likely to affect travel to our sites by private car (more expensive to get there, traffic restrictions and change of attitude to the private car). To counteract this, our Group sites have been experimenting with communal travel options to its sites, which include: l advertising rail travel, for example the train to Futuroscope, Belgian railways to Walibi Belgium and Bellewaerde (with discounts for a combined ticket), train and funicular to Les Arcs (with a free funicular pass on presentation of a train ticket), train and shuttle bus to travel to Serre Chevalier from Turin or Oul, or ski lift to Méribel from the foot of the valley (Brides-les-Bains or Les Allues);

The Group has not carried out an exhaustive carbon assessment of its indirect footprint (Scope 3), and is based on an extrapolation of data from several subsidiaries that have produced a carbon assessment. This approximate vision will be supplemented over the years. In both business segments, the indirect footprint represents more than 80% of the overall carbon footprint, and consists of two main impacts: l visitors’ travel to our leisure sites, mainly by car; l operating purchases on the one hand and investments (fixed assets) on the other hand with predominant use of products with underlying assets related to steel, cement and wood. Ski areas According to a Carbon Footprint exercise conducted in 2010 by 10 French ski resorts, more than 80% of the greenhouse gas emissions generated by ski activities, and recorded at the resorts, is from the skiers’ journey to the site and energy consumption in the buildings (tourism-related residential buildings and tertiary sites). The ski- operator related GHG emissions are estimated to account for 2% of a resort’s total emissions. In 2020, ADS, a subsidiary operating the Les Arcs-Peisey-Vallandry and Villaroger ski areas, carried out a carbon assessment with the help of Ecoact based on the data for 2018/2019. The following orders of magnitude emerge: l the Ski area operator’s activity only accounts for 20% of total greenhouse gas emissions, amounting to around 10 k teq. CO 2 with fixed and mobile energy sources accounting for around 40%, followed by 34% for fixed assets and 26% for inputs, with a high degree of uncertainty for the latter items; l 80% of the carbon footprint is due to travel by visitors to the sites, amounting to 40 k teq. CO 2 . By extrapolating Scope 3 from ADS on a linear basis according to the number of skier-days, the carbon footprint of the Group’s Ski areas can be estimated at around 305 k teq. CO 2 in financial year 2019.

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Compagnie des Alpes I 2021 Universal registration document