Compagnies des Alpes // 2019 Universal Registration Document

4 STATEMENT OF NON FINANCIAL PERFORMANCE Environmental challenges

l for information, we also include the fuel consumption of all Group vehicles and some, but not all, of the fuel expenses for business trips; l France’s electricity emission factor fell from 82 g CO 2 e/KWh to 79 g CO 2 e/KWh between 2017 and 2018 and then to 57 g CO 2 e/

KWh in 2019. This e ff ect linked to the change in the EF equates to a reduction of 156 teq CO 2 ; l the 163 teq CO 2 decrease from the previous fiscal year can be explained as follows:

CHANGE IN TOTAL GREENHOUSE GAS EMISSIONS (TEQ CO 2 )

2018-2019

2016-2017

2017-2018

Total GHG emissions Di ff erence N – N-1

34,842

32,415 -2,427

32,252

-163

REASON FOR THE DIFFERENCE IN GROUP GHG EMISSIONS (TEQ CO 2 )

-163

Reason for the difference in GHG emissions 2018/2019 – 2017/2018 in Teq CO 2

169

Scope 1 -716

of which reduction in fossil fuel consumption

721

of which increase in gas use at Belgian sites

164

of which di ff erence linked to coolants

-331

Scope 2 -329

of which use of more green electricity despite an overall increase in electricity consumption and taking account of the Emission Factor

-2

of which minor di ff erence in the use of municipal heating

4.3.2.4 Indirect environmental footprint performance (Scope 3)

4.3.2.3.2 Direct greenhouse gas (GHG) emissions per visitor Visitors to our sites are o ff ered the complete experience, comprising several products and services (ski lifts, grooming machine, rides, restaurant facilities and water areas) which are provided through various activities (operations, maintenance and prevention). It is therefore vital we look at the performance indicators which include all the visitor-induced impacts, the factor which most e ff ects our energy consumption. 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. l The total emission of the Group’s Ski areas is 1.19 kg of equivalent CO 2 per skier day, which is the equivalent of a nine-kilometre journey in a car (based on 130 g of CO 2 /km). The slight change from last year is mainly due to the weather conditions a ff ecting operations. Schematically, a year with less natural snow fall will see an increase in arti fi cial snow-making production (100% low-carbon) and a fall in the number of grooming machine hours. Conversely, a year with a lot of natural snow will require less arti fi cial snow but more grooming hours, which increases fuel consumption signi fi cantly. l Similarly, total GHG emissions from the Leisure parks’ activities is 1.7 kg equivalent CO 2 per visitor, this time equivalent to a 13-kilometre car journey (based on 130 g of CO 2 /km). The slight increase on last year is mainly due to the fact the Belgian sites’ gas use, primarily for heating the aquatic areas, was higher than visitor numbers over the year.

The Group did not calculate its indirect carbon footprint (Scope 3) but intends to do so either by extrapolating fi gures from one or more subsidiaries or through a global initiative. We currently know the consumption fi gures for Group vehicles, for commuting journeys of fl eet cars, for example. However these fi gures are not material for Scope 3 which covers the use of our products and services, our purchases and the transport thereof. Ski areas According to a Bilan Carbone 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. When calculating Scope 3 emissions in 2020, we will have to set rules which allow us to di ff erentiate between the economic players at the resort and the impact of the ski lift operator on the various entries. Leisure parks For the Leisure parks, our Scope 3 fi gures are based on Futuroscope’s GHG emission fi gures. According to these fi gures, our Scope 3 indirect emissions are also probably in the region of 80% of our total Bilan Carbone , primarily 33% from transport for the people using our services and a further 33% from the transport of goods.

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Compagnie des Alpes I 2019 Universal registration document