Plastic Omnium // 2021 Universal Registration Document
NON-FINANCIAL REPORTING DISCLOSURE The risk management and non-financial reporting of the Group
All the scenarios studied respect a carbon budget well below 2 °C (Well-Below 2 °C scenario of the International Energy Agency (IEA), similar to the SSP1-2.6 scenario of the last IPCC report). As emissions are mainly related to energy, it is possible to quantify the physical economic flows (production, consumption, logistics, etc.) and to ascertain the corresponding final demand in Plastic Omnium’s main markets. Of course, there are many economic, political and social pathways to achieving such a low-carbon system for organizing human activities. This forward-looking analysis therefore aims to identify key trends, in order to support the strategic orientations of companies. It is by no means a precise forecast, but a possible future. As the outcome of the scenario analysis has an impact on Plastic Omnium’s strategy, it is not possible to disclose it publicly without putting the competitive advantage at risk. In any event, thanks to this work, the challenges of the low-carbon transition are now fully integrated into the Company’s strategic thinking.
TOP PLANET: A DEDICATED PROGRAM
To reduce CO 2 emissions related to its operations, in 2006 Plastic Omnium set up the Top Planet program aiming to reduce its energy consumption by making more than 30 best practices available to its sites. These initiatives materialize in investments offering rapid returns, given the energy savings generated.
To go further, in 2021, the Group announced ambitious targets for reducing its direct CO 2 emissions and those of its value chain. These objectives, included in its Act For Climate program, show the Group’s desire to act quickly to set a benchmark in the automotive world: Carbon neutrality in 2025 on emissions related to its operational ● activities (Scope 1: emissions from Group assets; Scope 2: emissions related to energy purchases), i.e. a reduction of nearly 0.5 million metric tons of in 2025. (1)
30% reduction in all Scope 3 CO 2 emissions by 2030, including those ● related to the use of products sold (all emissions both upstream and downstream of its activity, including purchases of materials, transport and end-of-life of products, etc.), i.e. a reduction in CO 2 emissions of 13 million metric tons in 2030 (1) . These objectives, validated by the Science Based Targets Initiative (SBTi), are aligned with the “Business Ambition for 1.5°C”. They are in line with the expectations of the industry and all its stakeholders to drive sustainable mobility.
4
SCOPE 1 - SCOPE 2 NEUTRAL
SCOPE 1 - SCOPE 2 - SCOPE 3 NEUTRAL
Plastic Omnium’s climate objectives are approved by
2025
2030
2050
and aligned with
SCOPE 3 -30%
Compared to the 2019 emissions, to avoid biases in 2020 related to the extrinsic Covid-19 economic crisis. In 2019, CO 2 emissions of the three scopes were 43.8 million metric (1) tons (see details on page 170).
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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021
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