EDF / 2020 Universal Registration Document

3 NON-FINANCIAL PERFORMANCE Carbon neutrality and the climate

Carbon neutrality and the climate 3.1 In 2020, the EDF group set itself more ambitious goals to celebrate the fifth anniversary of the signing of the Paris Climate Agreement. The Group was thus certified by Science Based Targets with an improved CO 2 reduction trajectory well below 2°C, and set up dedicated governance, in line with the best practice recommendations of the Taskforce on Climate related Financial Disclosure (TCFD) (1) . The Group’s climate strategy, which is in line with CAP 2030, features four CSR commitments: ambitious carbon trajectory, carbon offsett solutions, adapting to climate change, and developping of electricity uses and energy services.

CARBON NEUTRALITY AND THE CLIMATE

KEY PERFORMANCE INDICATORS

CSR COMMITMENTS

CONTRIBUTION TO THE UN SD GOALS

EDF group direct greenhouse gas emissions (scope 1) Carbon intensity: specific CO 2 emissions due to electrical generation Installed net renewable electricity generating capacities

AMBITIOUS CARBON TRAJECTORY

CARBON OFFSET SOLUTIONS

Qualitative evaluation

ADAPTING TO CLIMATE CHANGE

Qualitative evaluation

Number of smart meters installed EDF group's Electric Vehicles rate in the fleet of light vehicles

DEVELOPING ELECTRICITY USE AND ENERGY SERVICES

Group carbon trajectory 3.1.1 As the world’s number one nuclear power producer and Europe’s leading renewable energy producer, the EDF group today produces some of the lowest-carbon electricity in the world, contributing to the energy transition wherever the Group operates. Faced with the urgency of climate change, the EDF group has committed to going even further and is investing massively to build a CO 2 -neutral energy future. Group commitments 3.1.1.1 2030 goals recognised by the SBTi 3.1.1.1.2 initiative

Achieving carbon neutrality by 2050 3.1.1.1.1 The EDF group was one of the first businesses, way back in 2018, to set itself the goal of contributing to achieving carbon neutrality by 2050. This commitment was reinforced and set out in greater detail in March 2020. In practical terms, this involves reducing the Group’s direct greenhouse gas emissions to zero or near-zero by 2050, reducing indirect emissions as much as possible in accordance with national policies and, finally, setting up negative emissions projects to offset the Group’s residual emissions over the same period. This goal covers greenhouse gas emissions within all Group scopes and for all Group activities in all geographical regions. In February 2020, the EDF group joined the “Business Ambition for 1.5 degrees: our only future” initiative launched by the United Nations Global Compact, "We Mean Business and Science Based Target Initiative". This coalition currently features more than 300 businesses committed to achieving carbon neutrality by 2050 in order to limit global warming to 1.5°C above pre-industrial levels. With this commitment, the EDF group also adhered to the United Nations “Race To Zero” initiative and signed up to the “Climate Ambition Alliance” (2) alongside more than 120 countries, 450 towns and cities, 45 investors and 1,000 businesses.

In 2020, the EDF group set itself new 2030 greenhouse gas reduction goals, covering both direct emissions (scope 1) and indirect emissions (scopes 2 and 3). On 7 December, these goals were confirmed to be line with the “Well Below 2°C” trajectory by the Science Based Targets initiative (3) , based on its recently-published methodology specially developed for the electrical sector (4) . As a result, the EDF group is committed to the following 2030 goals: 50% reduction from 2017 levels of scope-1 and scope-2 emissions, also including ● non-consolidated asset emissions and emissions from electricity purchased ( i.e. not produced) for sale to end customers; 28% reduction from 2019 levels of emissions from combustion of gas sold to end ● customers (scope 3). Section 3.1.1.2 “Group greenhouse gas (GHG) report” and section 3.7.2 “Details relating to CSR information” provide detailed explanations of how these goals were set. In line with these SBTi-approved goals, the EDF group set itself the following additional goals: 25MtCO 2 e for Group scope-1 emissions in 2030; ● 35gCO 2 /kWh for the carbon intensity of electricity and heat produced by the ● Group in 2030; 28% reduction from 2019 levels of all scope-3 emissions by 2030. ● With these goals, the EDF group is aiming to maintain its leading position among the world’s lowest-carbon electricity companies.

(1) Also see the EDF group press release of 10 December 2020 (2) Alliance created in September 2019 at the United Nations Climate Action Summit by the President of Chile, Sebastián Piñera. (3) Initiative launched in the wake of the Paris Agreement in 2015 by the following four organisations: CDP, UN Global Compact, World Resources Institute and World Wild Fund. (4) “Setting 1.5°C aligned science based targets – quick start guide for electric utilities”, CDP, June 2020.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020