Bureau Veritas is pleased to announce that it has achieved an “A” Carbon Score, garnering inclusion in the 2023 edition of the Vérité40 index. The index is published by Axylia, a consulting firm specializing in responsible finance. To establish this third list, Axylia uses the Axylia Carbon Score®, its proprietary tool for analyzing listed companies.
The tool comprises a simple, innovative approach based on a universal and differentiating selection criterion: CO2 emissions converted into euros and deducted from a company's EBITDA. All CO2 emissions are included, notably Scope 3, which represents on average 80% of companies' CO2 emissions (source: Carbon Disclosure Project). The CO2 emissions from scopes 1-3 are converted into euros based on a carbon price (€127/ton in 2022) derived from the Intergovernmental Panel on Climate Change (IPCC) publications. The weight of the carbon bill in EBITDA determines the Axylia Carbon Score® level, on a scale from A to F.
The Vérité40 index is demanding and transparent in its methodology and is made up exclusively of companies with a positive Carbon Score® (A, B or C).
Bureau Veritas operates according to a sustainable development model that integrates sustainability and financial performance. The Group drives its climate transition in 3 directions, including reducing its carbon footprint. Achieving CO2 emission reduction ambition requires a strong mobilization of BV teams and specific investments to transform lab equipment and business operations.
Based on the energy consumption analysis, 5 main pathways have been identified to reduce emissions. For each of them, the Group defined an action plan and an indicator with a 2030 target. All together, these 5 actions will reduce Bureau Veritas absolute CO2 emissions by 30% from the 2021 baseline.