Compagnie des Alpes // 2021 Universal Registration Document

4 STATEMENT OF NON-FINANCIAL PERFORMANCE Application of the European Taxonomy

Activities related to a Compagnie des Alpes business activity

Objectives in question Result of the analysis

Through its activity in ski areas, and in the limited context of funiculars providing access to ski areas, Compagnie des Alpes participates in the construction, modernisation, operation and maintenance of surface and underground railways as well as tunnels, stations, and safety and traffic management system installations. This activity is carried out under the DSP P recorded on the Compagnie des Alpes statement of financial position (return or return property): Tignes and Val d’Isère funiculars; P operated under an affermage model (all or part of the assets being owned by a local authority or syndicate): Funiculaire de Bourg-Saint Maurice-Les Arcs. However, these occurrences are not representative of the ski lift activities which are concentrated on cable transport, or even conveyor belts for mountain resorts. Finally, access to these modes of transport is generally included in a global package giving access to the ski area. In the Ski areas business segment, Compagnie des Alpes generates its revenue from the sale of ski passes giving access to ski lift transport. This mode of transport is low- carbon, because the infrastructure is electrified and powered by a supply of green electricity, with “guarantees of origin”. Compagnie des Alpes builds, modernises, maintains and operates the infrastructure and facilities for this mode of transport. Compagnie des Alpes could be eligible under this activity (NACE code H.49.39), however ski lifts are not operated as part of the urban transport system. contract for ski lifts. These assets can be:

Climate Change Adaptation and Climate Change Mitigation

6.14. Rail transport infrastructure

Climate Change Adaptation and Climate Change Mitigation

6.15. Infrastructure for road transport and low-carbon public transport

In conclusion, only a very small part of the activity related to urban passenger transport (skibus shuttles) as part of the Tignes and Val d’Isère PSD is eligible for the taxonomy standard. Investments/CAPEX Compagnie des Alpes carried out a systematic review of the typology of its investments with regard to the Taxonomy framework, based on two main areas: l Capex to maintain an eligible activity within the framework of the technical review criteria specific to each activity, or to align an eligible activity according to these criteria; l Capex for making non-eligible activities greener, making the Group’s internal operations greener with regard to the corresponding technical criteria.

Capex to maintain or align an eligible activity within the technical review criteria

Objectives in question

Result of the analysis

Compagnie des Alpes is investing in making its vehicle fleet greener: P 6.3. Urban and suburban transport, road passenger transport: replacement of bus fleets at the Tignes and Val d’Isère resorts where the Group operates this activity.

Climate Change Adaptation and/or Climate Change Mitigation

Sector 6. TRANSPORT

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Compagnie des Alpes I 2021 Universal registration document