34%

Renewables as a percentage

of our energy mix

0.136

CO

2

emissions (tCO

2

e)

per tonne produced (Scopes 1 & 2)

Carbon target

- 10% by 2030 and

- 30% by 2040

271 kWh

of energy consumed per tonne

produced (-9% lower than in 2022)

332,422

tonnes of CO

2

(tCO

2

e)

Scope 3 emissions from freight

operations

Lever 4: Encouraging and

facilitating alternative mobility

options

To reduce the environmental footprint

of commuting journeys, we encourage

alternatives to combustion engine

cars. Electric vehicle charging

terminals have been installed at our

Saint-Malo and Dinard sites as part

of our plan to transition 30% of the

company’s French car f leet to hybrid

or electric vehicles by 2030. We are

also launching a cycle-to-work scheme

for our employees, which includes

awareness-raising sessions and bike

maintenance workshops.

Lever 5: Leading the way in the

transition to a circular economy

We are working closely with

suppliers, partners and waste

collection and processing specialists

to reintegrate industrial and organic

resources into the production

process, thereby reducing waste and

greenhouse gas emissions.

Actioning every lever

to reduce emissions

As part of reducing our carbon emissions and making

our contribution to the worldwide ambition of industrial

decarbonisation, we are actioning every lever: the energy

transition, photovoltaic solar power, process energy eff iciency

and the circular economy. Our businesses and subsidiaries are

optimising their models by leveraging continual innovation.

Strategy

Lever 1: A more virtuous heat

generation model

We regularly adapt and ref ine our

energy mix to reduce the carbon

footprint of our industrial production

activities. Our priority is to increase

the contribution of renewables: we

now have more than ten biomass

boilers installed and operating. Since

2022, we have been progressively

converting our food production

ovens from gas to hybrid and

electric technologies, and installing

cogeneration systems to generate

heat and electricity at local level,

thereby reducing our fossil fuel

consumption and CO

2

emissions

at the same time.

Lever 2: Powering up solar

photovoltaic

The conscious choice to use

energy from renewable sources

is a cornerstone of our industrial

strategy. From Spain to Italy, France,

Ireland, Belgium and Tunisia, we

have 17 photovoltaic projects in

the planning stage for many of our

operating countries, each designed

to generate between 10 and 15% of

demand. Our f irst project saw the

installation of 640 m² of photovoltaic

panels on solar carports in the car

park of our Dinard site in 2022. More

recently, we have launched a new

collaborative model in the form of

a PPA (Power Purchase Agreement)

with Urbasolar. Under the terms of

this agreement, the energy generator

has committed to provide the Group

exclusively with the power generated

by two of its photovoltaic plants,

which will meet 10% of our French

electricity demand�

Lever 3: Controlling energy

consumption and plant

performance

Our primary focus is on reducing

energy losses and boosting energy

eff iciency through the use of closed-

loop systems and facility optimisation�

Some straightforward actions, such as

pipe insulation, can deliver immediate

benef its, while others, like industrial

process heat recovery, deliver long-

term benef its despite the higher

levels of investment required.

Lever 6: Unleashing the full

potential of carbon capture,

utilisation and storage

Confronted by the need to reduce

certain CO

2

emissions that we are

unable to cut back immediately

because they are inextricably linked to

chemical reactions in our processes,

CCUS (Carbon Capture, Utilisation and

Storage) technologies are emerging

as one of the most promising avenues

for progress. Our Magnesitas Navarras

subsidiary is working with a number

of innovative stakeholders to identify

appropriate CO

2

capture solutions,

identify geological storage sites,

and recover CO

2

for use in industrial

products and synthetic fuels.

The Group energy mix

Biomass

32%

Petroleum coke

30%

Natural gas

18%

Electricity

15%

Electricity from

renewable sources

2%

Fuel oil

2%

LPG

1%

Non-Financial Performance Statement 2023 20