Compagnies des Alpes // 2019 Universal Registration Document

4 STATEMENT OF NON FINANCIAL PERFORMANCE Environmental challenges

from renewable sources since 1 January 2018. This means that our suppliers purchase certi fi cates of guarantee of origin from renewable energy producers or provide them themselves. This European system ensures that the electricity grid receives as much electricity from renewable sources as there are certi fi cates sold. Through this system the Group is supporting the energy transition by furthering the demand for renewable energy on the grids. Because 86% of the electricity used by Compagnie des Alpes comes from renewable sources, it can keep a fi rm check on its greenhouse gas (GHG) emissions, which have been reduced by around 8 teq of CO 2 , equating to a 20% reduction of the Group’s total GHG emissions before renewable energies. On-site production of renewable or high-performance energy We have a large number of projects (solar panels, wind turbines, cogeneration and hydroelectricity) for producing renewable or high- performance energy at our sites. Speci fi cally, our Serre Chevalier site will be the fi rst ski resort to produce its own electricity from a combination of all three renewable energies. This project, which has now been launched, will produce 4.5 GWh of renewable electricity each year, 80% by hydraulic power, 12% by solar panels and 8% through a high-altitude micro wind turbine. Partially commissioned in 2018, to be in full service in 2021, it aims to produce 30% of the subsidiary’s total electricity consumption. Using existing infrastructures to e ff ectively support renewable energies, this €3.6 million investment positions the Serre Chevalier Ski Area as a key energy transition player in the region. The work which began in the 2018-2019 season to install solar panels on the roofs of the resort’s facilities (ski lift stations, tertiary buildings, etc.) will continue and 13 sites will be operational for the 2019-2020 station, supplementing the production of two wind turbines. This programme is now a technical and industrial innovations lab. Thus, the stations of the brand new Eychauda chairlift were fi tted with fl exible solar panels at the manufacturer’s factory. The solar panel part of this pilot project has been replicated at all CDA Group Ski areas: each new project considers the feasibility at the speci fi cations stage and a retro fi t is planned for all facilities which present the most potential. For example, Les Arcs installed solar panels at two ski lift stations in the summer of 2019. Some of our sites also produce renewable energy or aim to use more energy e ffi cient processes: l having installed solar panels in 2011 (126 MWh generated in 2018- 2019), Futuroscope commissioned a cogeneration plant in the park enclosure in 2015. This plant produces both electricity, which is fed back into the grid (7 GWh over the fi scal year), and heat from natural gas. Most of the thermal energy produced is fed into the park’s heating systems, while some is resold to a secondary school and other companies in the science park. Meaning that the Futuroscope hotel can therefore be heated entirely from the cogeneration plant; l Walibi Belgium has solar panels installed on the roofs of three buildings (installed capacity of 0.25 MW for own consumption); l in 2015, Bellewaerde replaced a fuel oil tank with a heat pump which heats the pool for the divers show fromMarch to October and produces signi fi cantly lower greenhouse gas emissions;

l fi nally, all the Gazex systems at Samoëns and Serre Chevalier, for example, are self-powered by solar panels. A total renewable energy capacity of 430 KW has been installed at our sites and 360 MWh of renewable electricity was produced in the fiscal year (excluding cogeneration, which equates to almost the entire annual electricity consumption of Chaplin’s World). 4.3.2.3 Direct carbon footprint 4.3.2.3.1 Breakdown of direct greenhouse gas (GHG) emissions – Scope 1 et 2 Emissions have been calculated for Scopes 1 and 2. The bulk of greenhouse gas emissions (57%) 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 (25%). Although electricity is the Group’s main energy source (63%), related emissions are only 14% of our total greenhouse gas emissions because we use renewable energy and it is consumed in France where the emission factor is low. Emissions of coolants (2% 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 checked every year by quali fi ed contractors and some are recharged.

BREAKDOWN OF GHG EMISSIONS (TEQ CO 2 ) – SCOPE 1 AND SCOPE 2

2.4 % Coolants

1.6 % Petrol

25.2 % Gas

2.8 % Fuel oil

52.8 % Diesel and non-road diesel

14.4 % Electricity

0.8 % Municipal systems

The Group’s greenhouse gas emissions, detailed in the table in section 4.3.6, totalled 32,252 tonnes equivalent of CO 2 , of which 52% for the Ski areas and 48% for the Leisure parks in the 2018/2019 fi scal year. More speci fi cally: l the figures are established in accordance with Article 75 of Act 2010-788 of 12 July 2010 (the Grenelle II Act) and using the emission factors of version 8 of the Bilan Carbone (carbon assessment), which incorporates the updates of version 13.0 of the Base Carbone (carbon benchmark); 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;

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Compagnie des Alpes I 2019 Universal registration document