SHAREHOLDERS’ NEWSLETTER VIVESCIA INDUSTRIES 2022-2023 OLIVIER H.: During this 昀椀rst part of the by GMP, to align all our colleagues on cutting water consumption at our 2023-2024 昀椀nancial year, we’ve seen clear objectives and projects, like de- viennoiserie factory in Romans-sur- lower demand in the brewing market. carbonisation. I’d like to highlight one Isère by 25%. We’ve stepped up our Premium beers, mainly produced of our concrete actions, which gene- efforts, as all VIVESCIA Industries by our key customers, have been rated quite a buzz in Paris: we’re using businesses have, with our new road hit by in昀氀ation. It’s dif昀椀cult for our the industry’s 昀椀rst 昀氀eet of electric map: Baking Good BETTER. It helps us customers to predict future beer vehicles, so that our daily deliveries to address the issues of food waste, the demand, but in the medium term, bakers across the city have a smaller climate and responsible sourcing, and we expect to see Malteurop’s sales environmental footprint. Francine ensures they’re an integral part of our volumes grow, and we’re continuing to also took sustainability to a new level, strategy. roll out our innovation, marketing and with pledges and an action plan. operational ef昀椀ciency plans. OLIVIER M.: I’d like to mention another OLIVIER H.: Yes, we’re all working with highlight of the year, the launch of TURNING TO SUSTAINABILITY, HOW HAS the Group towards SBTi certi昀椀cation. TRANSITIONS. It’s a ground-breaking VIVESCIA INDUSTRIES PROGRESSED IN THE As a business, we use a lot of energy, programme to help farmers in PAST YEAR, AND WHAT ARE THE PLANS FOR THE and we’re committed to signi昀椀cantly north-east France start implementing FUTURE? reducing our footprint. We’ve been regenerative farming practices. working towards this for several Our main processing businesses OLIVIER M.: We put a lot of work into years. We’ve now 昀椀nished drafting en- – Grands Moulins de Paris, Délifrance, building climate road maps, with a ergy plans for all our production sites, Malteurop and Kalizea – are all 1 view to achieving the SBTi objectives and we’ve set ambitious targets which involved in TRANSITIONS. It’s an op- that we committed to in April 2023 will see us cut our carbon emissions portunity for them to help upstream to cut our carbon footprint by 25% by almost 40% by 2030. We’ve also farmers to cut carbon from their across scopes 1, 2 and 3 by 2030 and begun an important water manage- operations, and to secure their supply by 38% for GHG emissions that we ment project. Our new malting plant chains in the face of climate and biodi- control directly. in Mexico is an illustration of this – it versity risks. TRANSITIONS is a full- recycles more than 80% of its water. scale trial programme. It will produce PIERRE G.: 2023 was a milestone year solutions that can be replicated across for Grands Moulins de Paris, because ROBERT O’B.: Yes, water has emerging France and beyond, for the bene昀椀t of we rolled out our version of the as a priority that needs to be tackled our value chains and our customers. Group’s strategic framework, LINK systematically. We’ve started by 1. Created following the Paris Agreement, and a product of a collaboration between several institutions around the world, including the UN, the Science- Based Targets Initiative (SBTi) is now the benchmark in terms of companies’ carbon trajectories: https://sciencebasedtargets.org/ 10 11