JCDecaux Ranked in CDP's 'A List' for Third Consecutive Year
Outdoor advertising group JCDecaux has been listed for the third consecutive year in the CDP's A List, which assesses the environmental performance of companies. According to the press release, the group is among the top 4% of the 20,000 companies evaluated, achieving this level of recognition.
Environmental Leadership and Transparency
The nonprofit organization CDP has awarded JCDecaux an A rating for its leadership in transparency and environmental performance in combating climate change, the company reports. This marks the fifth time since 2019 that the group has been included in this list, confirming the Leadership level first achieved in 2019. The CDP's evaluation is based on a methodology aligned with the recommendations of the TCFD and measures the quality of published data, governance, identification, and management of climate risks, as well as the implementation of best practices, the press release specifies. This recognition validates the robustness of the group's climate commitments and the strength of its ESG strategy, according to JCDecaux.
Commitment to Carbon Neutrality
JCDecaux has set an ambition to achieve Net Zero carbon by 2050 with a milestone in 2030, the group indicates. The group's emission reduction trajectory was validated by the Science-Based Targets initiative in June 2024 with medium and long-term absolute value targets across the group, the press release details. Stakeholders are also committed to a decarbonization trajectory with the goal of reaching Net Zero carbon by 2050, according to the company. Furthermore, the group welcomes the acceleration of green public procurement initiatives, presented as a lever for transformation towards a circular economy. JCDecaux is intensifying its engagement alongside cities, transport authorities, airports, shopping centers, media agencies, and advertisers to co-create responsible media solutions and resource- and carbon-efficient street furniture, the press release indicates.
Alignment with European Green Taxonomy
Nearly 50% of JCDecaux's revenue is aligned with the European green taxonomy, according to the group. The company's business model is based on providing services to cities, citizens, and travelers, the press release specifies. Jean-François Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux, stated that this international recognition confirms the robustness of the group's climate commitments and the effectiveness of the actions implemented by the teams to reduce greenhouse gas emissions. The group aims to align its trajectory with the best international practices, particularly those validated by the SBTi, and with the requirements of the European green taxonomy and the new transparency framework introduced by the CSRD, according to the press release.
