GL events S.A.

Governance roles

Reference: pages 56–58 (page 199 for business conduct). Board composition and Executive Committee profiles are incorporated by reference to URD sections 4.2 and 4.3 (page 56).

Board of Directors (page 56): 58% independent members in 2024 and 2025, one executive and 12 non-executive members, average female-to-male ratio 0.7. A CSR Committee meets four times a year and "issues an opinion on the Sustainability Statement" (page 57); with the Audit Committee it reviews the risks and opportunities identified.

Management (pages 57–58): The Risk, Audit, Internal Control and CSR Department monitors impacts, risks and opportunities, and its head sits on the Group Executive Committee. The 2025 double materiality update was approved by the Chief Financial and Investments Officer, the Director of CSR and Risk, the Group HR Director and the Group Legal and Compliance Director, then presented to the Audit Committee (15 October 2025) and the CSR Committee (17 December 2025).

Skills (page 57): directors had climate training in 2023 and CSRD compliance training in 2024.

Information provided to the bodies

Reference: page 59, cross-referring to GOV-1 and URD sections 4.2, 4.3 and 9.3.

The section does not repeat the detail. It points back to GOV-1 for how often and by what procedures governance bodies are informed, how impacts, risks and opportunities enter strategy and major decisions, and the list of material topics addressed (page 59).

Its one direct statement: "All impacts, risks and opportunities (presented in ESRS 2 SBM-3) have been reviewed and approved by the members of the CSR Committee and the Audit Committee" (page 59).

IRO-1 (page 80) lists the 2025 presentations of the double materiality results: statutory auditors on 30 September 2025, the Executive Committee on 7 October, the Audit Committee on 15 October and the CSR Committee on 17 December, plus the Board of Directors.

Sustainability in incentive schemes

Reference: page 59 (page 111 refers back to it).

Part of the Deputy CEO's variable pay depends on environmental, social and governance targets. For FY2025 the variable portion, which "may represent up to 40% of total compensation", splits 50% quantitative and 50% qualitative criteria. ESG criteria sit inside the qualitative half and "account for approximately 20% of these criteria (i.e. 10% of total variable compensation)". They cover bringing CSR into decisions and projects, rolling out responsible practices across operations, and ethics and compliance.

Since 2023, employees in France with variable pay have had sustainability criteria in their bonus. That component "varies from 5 % to 20 %" and is managed by HR (page 59).

The report does not give a separate share of pay tied to climate considerations.

Statement on due diligence

Reference: page 60.

GL events gives a cross-reference table that maps the core elements of due diligence to sections of the statement, rather than a narrative.

• Embedding due diligence: GOV-1 and SBM-1.
• Dialogue with affected stakeholders: SBM-2.
• Identifying and assessing negative impacts: IRO-1.
• Actions on adverse impacts: the policy disclosures E1-2, E2-1, E3-1, E4 policies, E5-1, S1-1, S4-1 and G1-1.
• Tracking effectiveness: metrics sections, from E1-6, E2-4, E3-4, E4-5, E5-4 and E5-5 through S1-6 to S1-16, plus the S2-5 and S4-5 targets.

The table has labeling slips: the S2 policy line cites "(S4-1)", and the consumer and end-user line is filed under ESRS G1.

Risk management and internal control

Reference: pages 61–62; known data limits on page 51.

Internal control follows three lines (page 61): operational management and CSRD contributors; functions monitoring environmental and HR management control; and "the objective assurance provided by internal and external audits (sustainability auditors)". In 2024 the Board "appointed the Statutory Auditors as sustainability auditors".

A Head of CSR Reporting and Carbon Projects collects statement data and coordinates the carbon footprint (page 61). Since September 2025 an Internal Control and Data Projects Controller spends 40% of their time on sustainability information (page 62). Controls cover data mapping, monitoring that every entity submits its files, arithmetic checks and supporting-document checks, applied to carbon (E1), water (E3) and circular economy (E5) data. In FY2025 the Group began an ESG Data Hub project to automate collection and controls.

Limits (page 51): "more than 150 entities" run different systems, which complicates purchased-goods emissions data.

Strategy, business model and value chain

Reference: pages 62–67.

GL events organizes, hosts and equips events through three divisions: Live (equipment, structures, services, consulting), Venues (a network of 60 event venues, page 65) and Exhibitions (trade shows and consumer fairs, page 66). Total revenue is €1,721 million and the workforce is 6,310 (page 62). The breakdown of revenue is incorporated by reference to Part 2 of the URD.

The value chain runs from suppliers of services and products, including raw materials, to attendees, exhibitors and organizers. The divisions are "both customers and suppliers of each other" (page 67). The main sustainability matters named are decarbonization of attendee travel (E1), event safety (S4) and event accessibility (S4).

In FY2025 the Group published a Sustainability Charter with nine commitments under People, Planet and Communities (page 62), took over the Stade de France (up to 80,000 people) and acquired a majority stake in the WESAVC veterinary congress in China (page 67). Appendix B marks fossil fuel, chemical and tobacco involvement "Not applicable to GL events" (page 84).

Stakeholder interests and views

Reference: pages 68–69.

The report maps internal stakeholders (employees, top management, employee representatives, Group entities as customers and suppliers) and external ones (banks and investors, public and delegating authorities, local socio-economic stakeholders, customers, attendees, suppliers, value chain workers, civil society, media), and lists an exchange channel for each: satisfaction and post-event surveys, supplier audits, works council meetings, and sector bodies such as UNIMEV and UFI (pages 68–69).

Expectations are summarized: investors want solid financial performance with sustainability criteria; authorities focus on regulation and local contribution; customers and visitors want high-quality, lower-impact events; suppliers and value chain workers want fair relationships and compensation (page 69).

Feedback feeds the double materiality assessment; for example the eco-design opportunity rose in FY2025 on client demand. Views reach governance through Executive Committee, divisional committee and Board meetings. The report states "At this stage, no additional measures are planned regarding stakeholder engagement" (page 69).

Material IROs and interaction with strategy

Reference: pages 70–78.

FY2025 result (page 70): 71 impacts, risks and opportunities were assessed (nine more than in 2024) and 29 were material, two more than in 2024: a risk related to event accessibility and a positive impact related to employee training. Material means a score of at least 3 out of 5.

Material matters (pages 70–78): E1 new exhibitions, products and services for climate change, extreme weather adaptation, low-carbon transition of the events sector, energy transition; E2 supply chain air pollution; E3 water scarcity at sites; E4 biodiversity degradation on sites; E5 product eco-design, waste management at events, failure of the rental model; G1 business ethics and corruption, supply chain interactions; S1 working conditions, diversity, equity and inclusion, training, health and safety; S2 value chain worker safety; S4 event safety and event accessibility; entity-specific cybersecurity and data protection.

Horizons are mostly medium-term. Event security and accessibility were reassessed upward after the Stade de France came into scope (page 77). The report says it has found no material IRO for S3 (page 67).

Climate resilience content is also presented under E1-3 (2025 ESRS numbering).

Processes to identify and assess IROs

Reference: pages 78–80.

GL events has used CSR risk mapping since 2022. The double materiality work began in November 2023 with two collective workshops, was completed in 2024 and updated in 2025 (page 78). A review of the 92 ESRS sub-topics kept 52 as relevant; client, employee and supplier surveys fed in stakeholder views, and a bibliographic review stood in for the "Nature" stakeholder.

Impact materiality scores magnitude, scope, reversibility, probability and future trends; financial materiality scores magnitude and probability. Scales run 1 to 4, results are reported out of 5 with a threshold of 3/5, assessed gross over the medium term (1 to 4 years) (page 79).

2025 changes (page 79): on the sustainability auditors' recommendation, eleven EFRAG sub-topics were regrouped into five issues and their non-materiality confirmed, including working conditions of value chain workers, substances of concern and microplastics, and child and forced labor in the value chain. Event accessibility became material after the Stade de France was added, and a positive training impact was identified.

Results went to the Audit Committee on 15 October 2025 and the CSR Committee on 17 December 2025 (page 80).

Climate-specific risk identification and scenario analysis is also presented under E1-2 (2025 ESRS numbering).

ESRS disclosure requirements covered

Reference: pages 81–83 (content index); pages 84–89 (Appendix B datapoints); pages 90–92 (entity list).

Page 81 says the headings follow the Corrigendum to Delegated Regulation (EU) 2023/2772 and that "The data points required and deemed relevant in relation to the identified material impacts, risks and opportunities were reported."

The index lists each section with a page: ESRS 2 (BP-1 to IRO-2); E1 with E1-1 to E1-9; E2 with IRO-1 and E2-1 to E2-4; E3 with IRO-1 and E3-1 to E3-5; E4 with SBM-3, IRO-1, policies, actions, targets and impact indicators; E5 with IRO-1 and E5-1 to E5-6; S1-1 to S1-7 and S1-9 to S1-17; S2-1 to S2-5; S4 with SBM-2, SBM-3, S4-1, S4-4 and S4-5; G1-1 to G1-4 and G1-6, plus the entity-specific cybersecurity matter.

Not listed: E2-5, E2-6, E4-1, E4-6, S1-8, S3 (all), S4-2, S4-3 and G1-5. The index gives no reason for any of them.

Appendix B gives a page for each EU-law datapoint or marks it "Not applicable to GL events".

Transition plan for climate change mitigation

Reference: pages 111–112 (Appendix B points to pages 110–113).

GL events "does not yet have a Group emissions reduction trajectory, but has begun implementing its transition plan since 2024". Its 130-plus entities make one unified trajectory difficult (page 111).

Three pathway projects (pages 111–112): (1) Venues in Europe, with Ekodev since September 2024, aligned with a 1.5°C scenario and Net Zero Carbon Events (NZCE) advice, 2018 baseline, business-as-usual simulated to 2031. (2) Structures and grandstands in France and the UK, started 2025, following SBTi recommendations, 2025 base year. (3) The PCO Agency pilot in Exhibitions, approved for 2026. Pathways for (1) and (2) are due in 2026; those two cover 31% of consolidated revenue.

Levers: on-site energy and renewables, catering, attendee travel, single-use products and waste recovery for Venues; eco-design, longer product life, logistics and modal shift for structures. The Venues transition "could be hampered by potential locked-in greenhouse gas emissions"; none found for structures. 2025 CapEx includes €28.3 million of rental equipment, solar and EV charging, and the plan "will be formalised" within strategy and financial planning (page 112).

Identification of climate-related risks and scenario analysis

Back-filled from ESRS 2 SBM-3 and the E1 IRO-1 subsection, where this content is disclosed in the FY2025 report (pages 113–114). This disclosure requirement did not exist under the 2023 ESRS the report was prepared against.

Risks (page 113): three material climate risks, shown in a table with "Physical risk" and "Transition risk" columns: failure to adapt to extreme weather, low-carbon transition of the events sector, and energy transition on sites.

Physical method (pages 113–114): with Ekodev since 2024, on a pilot of 37 sites in France plus one each in the Netherlands, Hungary, Belgium and Italy. Sites are mapped by GPS, process sensitivity is tested, and hazard trends to 2050 are analyzed "based on the IPCC's RCP 8.5 scenario". Gross risk is probability times sensitivity. Hazards flagged for 2050: rising temperatures, heat waves, heavy rain, clay shrinkage and swelling, hail and water stress. Conclusions "remain confidential".

Transition (page 114): not yet quantified; a 2025–2028 plan will use "1.5°C climate scenarios" on assets, liabilities and revenue. No temperature projection is tied to a scenario; page 71 gives a general +1.5°C by 2030, +2.7°C by 2050, +3.2°C by 2100.

Resilience in relation to climate change

Back-filled from ESRS 2 SBM-3 and the E1 IRO-1 subsection (pages 113–114), with adaptation statements on page 121. This disclosure requirement did not exist under the 2023 ESRS the report was prepared against.

The report does not present a climate resilience analysis under that name. What it offers:

• Short and medium term: the Ekodev study found "no major risks were identified in relation to the climate hazards analysed"; long-term responses are still to be identified (page 114).
• Adaptation: the study "was launched in 2024 and continued in 2025", and the plan will be presented "in the subsequent financial years" (page 113). GL events has no formalized adaptation policy and "did not implement any specific adaptation measures in 2025" (page 121).
• Scope: Venues sites in Europe; Latin America under consideration for 2026.
• Transition risk: financial quantification planned for 2025–2028 (page 114).
• Sensitivity: Axylia, using a theoretical carbon price, scored GL events A, meaning the events sector "would be less sensitive than others" to a carbon tax (page 125).

Policies related to climate change mitigation and adaptation

Reference: pages 115, 117, 119, 121.

Policies are set out by IRO, and the report is frank that several are unfinished.

• Decarbonizing activities (page 115): "At this stage, the Group does not yet have a formalised policy but has launched several projects". Rollout: 2026 Live temporary energy and Venues worldwide, plus Exhibitions in France; 2027 Exhibitions internationally and major projects; 2028 remaining Live entities.
• Supporting low-carbon economies (page 117): policy "under preparation", with validation pending at the Exhibitions division. It rests on Greentech+ shows and promoting sustainable exhibitors.
• Venues energy transition (page 119): cut consumption (Energy Contest, 39 sites) and shift to renewables through Guarantees of Origin or Renewable Energy Certificates, plus on-site solar. Based on the IEA Net Zero by 2050 scenario; accountable: Venues General Management; being formalized.
• Adaptation (page 121): "GL events does not have a formalized climate adaptation policy".

Actions and resources in relation to climate change policies

Reference: pages 112, 116, 118, 120, 121.

• Carbon footprint tool (page 116): UNIMEV's Cléo Carbone tool, in use since 2024; around 100 employees trained; resources are annual licenses and ESG team support.
• HVO100 for the UK fleet (page 116): feasibility study complete, investment under assessment, expected 80% to 90% cut in own-logistics emissions; "no financial resources have yet been used".
• Première Vision (page 118): more than thirty sustainability articles, interviews and podcasts in 2025; the "a better way" exhibitor program launched in July 2023.
• Enoptea (page 120): electricity and gas monitoring deployed across French sites in 2025, completed.
• Solar and CapEx (pages 112, 121): €28.3 million in rental equipment in 2025; photovoltaic panels at Eurexpo Lyon. The report gives 17 hectares on page 112 but 13 hectares on page 121.
• Adaptation (page 121): as of the reporting date, "GL events has not yet implemented a specific action plan on climate change adaptation".

Targets related to climate change mitigation and adaptation

Reference: pages 117, 118, 120, 121.

There is no Group emissions reduction target: "At this stage, the Group does not yet have formalized targets" (page 117). It tracks carbon footprint, carbon intensity per euro of revenue, energy consumption and renewable share.

Targets that exist:

• Venues energy (page 120): cut energy use 25% per euro of sales, from the 2022 Energy Contest; "almost 40 %" achieved by end-2023 against 2019. Quantified targets under the new pathway follow from 2026.
• Solar (page 120): the heading says 100 ha by 2026, the target line says 30 hectares by 2026. Progress (page 121): 13 ha at Eurexpo, 0.036 ha at Confluence, 0.241 ha at Poitiers.
• Low-carbon economies (page 118): no quantitative target yet; a possible indicator is the share of Exhibitions revenue from events that support the transition.
• Adaptation (page 121): targets to be defined; effectiveness tracked by identifying the most exposed sites, against a 2024 baseline.

Energy consumption and mix

Reference: page 122.

Total energy consumption was 230,933 MWh in 2025, up 32% from 175,034 MWh in 2024 (recalculated; 210,006 MWh as first published).

Renewable consumption is mostly purchased electricity, heat and cooling (84,073 MWh), plus 1,381 MWh of self-generated energy and 45 MWh of renewable fuels. Production of renewable energy was 4,276 MWh: 2,934 MWh from the 13 hectares of photovoltaic panels at Eurexpo and 1,342 MWh at Aichi Sky Expo, which reports for the first time.

Nuclear is shown as N.A.: all French sites hold renewable electricity contracts, so the Group treats nuclear consumption as insignificant. The 2024 figures were corrected for gas and electricity consumption at cogeneration entities. GL events says it does not operate in a high-climate-impact sector.

Gross Scopes 1, 2, 3 and total GHG emissions

Reference: pages 123–124; methodology annex from page 93.

Total emissions were 365,912 tCO2e (market-based) in 2025, up 10% from the recalculated 331,345 tCO2e.

Location-based total: 377,212 tCO2e. Intensity is 0.213 tCO2e per unit of net revenue, market-based (0.203 in 2024). Largest Scope 3 items: purchased goods and services 133,192 and other downstream emissions 127,730 (+53%).

By division: Live 142,905, Venues 110,996, Exhibitions 110,709, support 1,301. By stage: upstream 179,661, own operations 33,590, downstream 152,661. Guarantees of Origin and I-RECs cover 44% of location-based Scope 2.

2024 was recalculated for new ADEME monetary emission factors and for cogeneration corrections. GL events is not in the EU ETS.

GHG removals and carbon credits

Reference: page 125.

GL events reports a nil position. It says it "does not resort to carbon offsetting on its own initiative, preferring to focus on the direct reduction of its emissions through a structured and ambitious approach" (page 125).

The section sits within the report's E1 index (listed at page 125) and explains that the Group is building its reduction trajectory first for Venues in Europe and for structures and grandstands in France and the United Kingdom, then plans similar trajectories for all activities. No removals or carbon-credit projects are reported.

Internal carbon pricing

Reference: page 125.

GL events reports a nil position: "To date, GL events does not apply any internal carbon pricing system to directly integrate the cost of greenhouse gas emissions into its financial decisions" (page 125).

It adds an outside view instead. The firm Axylia applied a theoretical carbon price to the Group's 2025 emissions to estimate the effect of regulatory or voluntary pricing on its balance sheet. GL events obtained an A score, which it reads as showing that "the events sector would be less sensitive than others to the introduction of a carbon tax".

This is a third-party simulation, not an internal price used in decisions.

Policies related to pollution

Reference: pages 126–127.

GL events screened air, water and soil pollution, pollution of living organisms and food resources, substances of concern, substances of very high concern and microplastics. After a bibliographic review it concluded it has "a material impact only on air pollution, via its supply chain", from three sources: its own logistics fleet, service and company vehicles, and outsourced logistics (page 126). It did no stakeholder consultation beyond that research.

Policy: Greening of the French vehicle fleet (page 127). It follows the 2019 French Mobility Act (LOM), promotes low-emission vehicles and more charging stations, and applies to employees' company and service vehicles in France (Live, Exhibitions, Venues, Holding). The divisions' General Managements are accountable. Rollout abroad is planned for 2025 and 2026.

For the value chain, framework agreements with main logistics providers ask them to report fleet composition (electric, hybrid or alternative fuel such as HVO) and emissions, to give a baseline.

Actions and resources related to pollution

Reference: page 128.

Two key actions are described, both dated 2025.

• Rail freight for furniture: for the Marché du Film event, GL events Mobilier moved furniture from the Paris region to Marseille by rail. This avoided "the equivalent of six semi-trailers", about 8 tonnes of CO2eq. It was a first for the entity, which is now reviewing other eligible events. Rail also cost less than road freight. The expected outcome is lower greenhouse gas and air pollutant emissions from truck combustion.
• Mobility Day: an employee awareness day on electrification, soft mobility and carpooling, run for three years and rolled out internationally in 2025. The CSR teams run it with the HR network; "No significant financial resources are allocated".

Both actions are shown as implemented. Neither is quantified in terms of air pollutants.

Targets related to pollution

Reference: page 129.

One target supports the fleet policy: 70% of company vehicles in France to be low-emission, meaning electric or hybrid with less than 50g CO2/km, by 2030, with an interim 40% by 2027. Scope: France, all divisions. The indicator is relative and calculated each year, so there is no baseline value.

Method: numerator is new low-emission vehicles in the fleet and denominator is all new vehicles in the fleet. The target follows French regulation (the Mobility Act and the Climate and Resilience Law). The report ties the health case to World Health Organization findings on fine particles and nitrogen oxides.

Progress: "In 2025, 20 % of GL events' vehicle fleet renewal was carried out with low-emission vehicles". Targets abroad are planned from 2025 and 2026, and later with value chain players.

Pollution of air, water and soil

Reference: page 130.

Only air pollutants are reported, and only for the operational vehicle fleet in France: company, service and utility vehicles of all French entities. Estimated emissions for 2025 (2024 shown as N.D., not determined):

Method: each vehicle in the fleet database (brand, model, fuel type, consumption) is matched to the ADEME vehicle labeling database for certified consumption and emissions values; where there is no match, average consumption by brand and fuel type is used. There is no direct tailpipe measurement. The report calls the uncertainty "limited and consistent with common practices".

Outside France, and for water and soil, no pollutant amounts are given.

Policies related to water and marine resources

Reference: pages 133–136.

The water risk is "Scarcity of water resources at the sites", material for own operations (page 136). IRO-1 explains the screening: actual water consumption plus the World Resources Institute (WRI) Aqueduct tool, with the "pessimistic" 2050 scenario, chosen to match the Venues climate study (pages 133–134). By 2030, five Venues sites sit in very high water stress (The Square in Brussels, The Seed in Istanbul, Johannesburg Expo Centre, Metropolitan Santiago and Espacio Riesco in Santiago) and three more in high stress (MEETT Toulouse, Parc Chanot Marseille, Parque Ferial Santiago) (page 136).

Policy: in 2025 GL events began developing a structured policy for Venues, titled Water Contest. It prioritizes sites with over-consumption or anomalies, using technical audits and leak detection, and aims to cut use in places already or potentially water-stressed. Live and Exhibitions follow once Venues is covered; the Group promises to report progress in future statements (page 136).

Actions and resources relating to water and marine resources

Reference: page 136.

In 2025 GL events carried out "a detailed study of water consumption in the Venues division to identify the sites on which action plans should be prioritized". It then reviewed possible actions rather than reporting rollout:

• reduction at source, such as automatic taps, aerators, dual-flush toilets and waterless urinals;
• reuse and substitution of drinking water, with rainwater harvesting and greywater recycling for non-potable uses;
• network monitoring with connected sensors and predictive maintenance to find leaks;
• optimization of cleaning and cooling cycles, closed circuits and high-efficiency equipment;
• awareness and training on eco-gestures;
• retention basins and local water reuse for resilience to water stress and flooding.

With the "Water Contest" policy, the Group says it "will be able to present the operational rollout of the above-mentioned actions in 2026". No resources or amounts are stated.

Targets related to water and marine resources

Reference: page 137.

GL events reports no target: "GL events has not set any targets in terms of water resources at the date of this statement."

Targets are being developed for the Venues scope. They would reduce water consumption in absolute terms (m3) or relative terms (m3 per k€ of sales), prioritizing water-stressed areas, against a baseline year that "could be 2024".

In the meantime the effectiveness of the policy is monitored with two indicators: cubic meters of water consumed on site and cubic meters of water from groundwater pumping. These are the same metrics shown under E3-4.

Water consumption

Reference: pages 137–138.

Group water consumption was 772,505 m3 in 2025, up 19% from 648,120 m3 in 2024. The intensity ratio is 0.45 (0.397 in 2024), up 13%.

By division: Venues 601,165 m3 (78%), Live 171,339 m3 (22%), Exhibitions none. By region: Europe 256,471 m3 (33%), Middle East and Africa 104,400 m3 (14%), Latin America 367,263 m3 (48%), Asia 43,098 m3 (6%), North America 1,273 m3.

In Venues sites, consumption in high water stress areas (40–80%) rose from 10,438 m3 to 21,045 m3, and in very high stress areas (above 80%) from 59,947 m3 to 99,411 m3, using WRI data.

Separately, water pumped for thermal energy at five sites was 2,156,528 m3 (2024: 1,268,931 m3). The report says this water "circulates in a closed circuit before returning to the water table", so it is not consumed.

4.5% of the figures are extrapolated. The report attributes the rise to higher activity, notably COP 16 events in the Middle East and Africa. It states no recycled or reused water amounts.

Policies relating to biodiversity and ecosystems

Reference: page 142 (impact assessment on pages 139–141).

The policy is not finished. The Group "is currently developing its biodiversity policy", to come with site action plans. Its operational form is a site renaturation guide, being drafted for all sites in France and abroad, drawing on IPBES, the French Office for Biodiversity and a guide from the consultancy Lacen.

The basis is a 2024 review with the Score Biodiversité platform. It found all 39 Venues sites in France are affected by biodiversity issues, more than half are near a Natura 2000 area, nearly 75% are within 5 km of a green or blue corridor, and six sites sit inside a biodiversity area. The main impact identified is land artificialization.

GL events "has decided to refrain from implementing purely symbolic and controversial actions on biodiversity, such as installing beehives on its sites." It does not currently offset biodiversity.

Actions and resources related to biodiversity and ecosystems

Reference: page 143.

Two key actions are described.

• Site renaturation guide (Group, 2026): the Group has begun drafting a guide giving entities the tools to let local biodiversity establish itself, covering flora protection, fauna protection, best practice and actions to avoid. It is in the drafting phase. The ESG teams did the literature reviews, and Lacen helped facilitate. The Group hopes for "new species or larger populations" on sites after rollout.
• Milano Cortina Winter Olympic Games impact study (2026): GL events installs temporary structures and grandstands, "thereby avoiding the construction of permanent buildings". It mapped all Natura 2000 areas within 10 km and 2 km of the Games sites to see where operations could affect them. The analysis is done and the Games are underway. One employee works full time on ESG and biodiversity for these Games.

The report notes the policy is "still being formalised", so these steps come before it.

Targets related to biodiversity and ecosystems

Reference: page 144.

No quantified biodiversity target is set. The Group's approach rests on the renaturation guide, which is still being drafted and is meant to apply to all sites in France and abroad. In 2025 GL events "prioritised raising awareness among its employees" and says it can now respond quickly to client requests on the issue.

Future tracking is described as the percentage of sites that have deployed the renaturation guide, with rollout criteria to be defined once the guide is final. No baseline, date or level is stated.

This is the only effectiveness measure given. The report separately lists the permeable surface ratio and the Biotope Area Factor as possible impact indicators for later (see E4-5).

Policies related to resource use and circular economy

Reference: pages 145–146 (rental model), 149 (waste), 150 (eco-design).

Three policies are presented, one per IRO group.

• Promoting the rental model (page 146): Live division, accountable level: the General Manager sits on the Group Executive Committee. It says GL events retains product ownership and builds equipment to be robust and modular. Marked "under preparation", yet available through the sustainability statement.
• Waste management (page 149): Group-wide, based on reduction, reuse and sorting, linked to the EU Waste Framework Directive; implementation tracked by waste volume and sorting indicators. "This policy, which is currently being drafted".
• Eco-design (page 150): the Group "has not yet established and formalised a policy covering all its divisions"; formalization is scheduled for 2026. In 2025 it issued a new Responsible Procurement Charter.

The policies cite the AGEC anti-waste law, the EU Taxonomy and the International Resource Panel's Global Resources Outlook.

Actions and resources relating to resource use and the circular economy

Reference: pages 147, 150, 151.

• Partnership with Muto Events (France, 2026), rental model: inventory, collection and donation of event materials to social and solidarity economy networks, with a post-event ESG report. New 2025 projects cover reused furniture, eco-responsible scenography and reuse of temporary fittings. Status: "currently being structured for launch in 2026". Resources are project-based, agreed with clients.
• Zero waste to landfill (France and Brazil, 2026), waste: French entities under the Paprec framework agreement and Brazilian entities decided that no waste will be landfilled in 2026; waste is instead incinerated with energy recovery. Financial resources are "considered negligible".
• Used carpet into partitions (Live France, 2026), eco-design: in 2025 the Group wrote specifications for providers; tests are planned for 2026. Financial resources: "N.A. at this stage".

The report states the Group is gradually integrating secondary resources through eco-design and partnerships with solidarity economy bodies (page 151).

Targets related to resource use and circular economy

Reference: pages 147–148 (rental), 150 (waste), 151 (eco-design).

Rental model: a voluntary target of 43% of Live division revenue aligned with the EU Taxonomy circular economy objective by 2028, with 2024 baseline 37% and an interim 30% by 2026. The target links to financing structured in 2025. The indicator stood at 19% in 2025: aligned rental revenue fell to €185.8 million from €383.3 million, mainly against a high 2024 base from the Paris Games and because furniture, audiovisual and temporary energy rental were removed from alignment pending supplier analysis on pollution criteria (page 148). The report says the target "is not based on specific scientific evidence".

Waste: "GL events has not yet defined objectives for its waste management policy." Effectiveness is monitored through waste volumes and sorting rate against a 2019 baseline (page 150).

Eco-design: targets by product family will follow the policy (page 151).

Resource inflows

Reference: page 152.

The section describes inflows qualitatively and says the quantified items cannot yet be reported.

Live buys wood, metals and plastics for rental products and consumables; Venues buys agri-food products for catering; all divisions buy IT equipment, furniture and vehicles. Audiovisual and temporary energy equipment can need critical raw materials, though the rental model limits purchases.

Gaps stated: "GL events does not currently collect data on the quantities of biological materials purchased", and the Group does not hold data to disclose the weight or share of reused or recycled secondary components, including packaging; it chose not to estimate them because uncertainty would be "too high". An initial estimate of main inputs is planned from monetary data, using the carbon footprint.

Wood is monitored for "PEFC or FSC certifications". The auditors flag the missing biological material quantities as an emphasis of matter (page 215).

Resource outflows

Reference: pages 152–153 (waste data under E5-5-Waste).

Resource outflows center on the rental model. Temporary structures, grandstands, modular stands and furniture are designed for durability, modularity and reuse, and "each product is reconditioned" before storage. GL events keeps ownership of what it rents. The Live division uses no reparability rating, as it says no industry standard exists or applies.

The report notes that in 2025 the Anhembi site in Brazil completed works that created more than 12,000 tonnes of construction waste, which are excluded from year-on-year comparisons. Reuse routes include donation to social and solidarity economy networks through Muto Events (page 147).

Waste quantities, recovery routes, hazardous waste and non-recycled waste are reported on pages 153–154 (see E5-5-Waste). No product recyclability rate or expected product lifetime figure is given.

Waste

Reference: pages 153–154.

Total waste was 34,069 tonnes in 2025, up 31% from 25,980 tonnes, because of works at the Anhembi site in Brazil (over 12,000 tonnes of construction waste). Excluding Anhembi, waste fell 14% to 21,229 tonnes (24,559 in 2024). The sorting rate was 25% (46% in 2024), or 37% excluding Anhembi (47%).

Hazardous waste was 22 tonnes (0.1%) against 141 tonnes in 2024. Non-hazardous was 34,048 tonnes. Largest streams in 2025: non-hazardous industrial waste 75%, wood 12%, paper and cardboard 3%, metals 3%.

Data comes from waste service providers; where data is missing, tonnage is estimated from average monthly tonnage or revenue-scaled division averages (page 55).

Policies related to own workforce

Reference: pages 156–158 (working conditions), 161–162 (training), 165 (health and safety), 167–168 (diversity, equity and inclusion).

Since 2025 the Global Working Conditions Policy applies "to all Group activities and employees worldwide". It rests on human rights, health and safety, fair wages, diversity and inclusion, work-life balance, continuous development and a confidential reporting channel, and it cites the ILO fundamental conventions, the Universal Declaration of Human Rights, the UN Guiding Principles and the OECD Guidelines. European and Latin American subsidiaries translate it in 2026, with all regions covered by 2027 (page 156).

Because management is decentralized, local policies continue (page 157). The report illustrates them for Brazil (HR, training, occupational health and safety, diversity and inclusion), the UK (mental health, flexible working, bullying and harassment, training, health and safety, equality) and Hungary (well-being, education, fire and safety training, equal opportunities). In France, a diversity, equity and inclusion policy launched in 2024 is backed by a network of 37 HR and CSR professionals (page 168). Policies are reviewed annually and posted on the intranet.

Taking action on material impacts on own workforce

Reference: pages 158–160 (working conditions), 162–164 (training), 166 (health and safety), 169–171 (diversity, equity and inclusion).

Actions are listed by IRO. Financial resources are often "Not disclosed" or "Not communicated".

• Working conditions: new onboarding handbook (June 2025); OnBoard Together onboarding day; inter-company nursery partnership (15 places filled); paid leave for a sick child at 100% of salary; Great Place To Work certification (Brazil 2024, Eurexpo and CCCL in France November 2025).
• Training: Parcours Manager; "AI for You" (more than 850 employees trained, rated 9.2/10); new performance review tool (84% completion in France per page 163); HR Business Partner coaching; Ment'HER Ship mentoring (161 participants).
• Health and safety (France, Live): new safety induction handbook; post-Olympics HSE program keeping HSE coordinators who worked on Paris 2024.
• Diversity and inclusion: disability diagnostic with Agefiph, with a service agreement to start 1 January 2026; accessibility and diversity guides; HR training on disability.

Targets related to own workforce

Reference: pages 161, 165, 167, 172.

Targets run over three years and are monitored annually. Value shown is the 2025 reference.

The report notes the disability rate for 2025 reflects declarations filed for 2024.

Characteristics of employees

Reference: pages 173–177.

At 31 December 2025 GL events had 6,310 employees (5,936 in 2024): 3,657 men and 2,653 women, no "other" gender. 5,234 are permanent and 1,076 non-permanent (83% and 17%). There are no employees with non-guaranteed hours. Average headcount was 6,133.

By division: Live 3,751, Venues 1,525, Exhibitions 720, Holding 314. Venues drove 54% of the year's growth, over half of it from taking over operations at the Stade de France (page 174).

By area: France 3,500; Americas 988 (Brazil 629, Chile 357); Europe outside France 764; East Asia 703; South Africa 181; West Asia 174.

Turnover in 2025: 1,032 departures (856 permanent, 176 non-permanent) over an average headcount of 6,133, a rate of 0.17 (0.19 in 2024) (page 177). Stade de France departure data starts 5 August 2025. The 2024 turnover method was adjusted to count all arrivals and departures.

Own workforce excludes subcontractors, service providers and casual workers such as temps, intermittents and event hosts (page 173).

Characteristics of non-employee workers

Reference: page 177.

GL events tracks three categories of non-employee workers, in France only, in full-time equivalents (FTEs):

The 2024 hosts figure is corrected for a processing error covering 2,835 hours, about 2 FTEs. The report links the fall to a very busy 2024 with the Olympic Games, normalization of activity, tighter scheduling and lower 2025 activity in France.

The Group states: "does not publish ESRS S1-7 information for the international scope because the necessary data are not currently available". It says subcontractors are covered under S2.

Diversity indicators

Reference: page 178 (see also 172 for women in management).

Women are 42% of the workforce (2,653 of 6,310), up from 41%. By status, women hold 32% of BU manager and executive officer roles (53 of 167), 10% of worker roles (144 of 1,375), 48% of management staff (686 of 1,435), 53% of employee, supervisor and technician roles (1,650 of 3,128) and 59% of apprentices (120 of 205).

The report defines senior management as Executive Committee members and N-1 employees in the countries concerned.

By age in 2025: under 30 are 25% of employees (24% in 2024), 30 to 50 are 54% (53%) and over 50 are 21% (23%).

The S1-5 target table gives women as 40.27% of managers (page 172).

Adequate wages

Reference: page 179.

GL events says it "works to guarantee its employees an adequate wage". In 2024 an initial analysis, using 50% of the OECD national average gross wage, found no employee in Europe below the benchmark. In 2025 it adopted the WageIndicator Foundation benchmark for all locations, excluding France.

Result: 97.7% of employees are paid an adequate wage. Gaps remain for 144 employees, 2.3% of the workforce at 31 December 2025, with an average gap of €926 to the threshold.

Data comes from a standardized Excel template completed locally; the report estimates a margin of about ±5% and plans automation. It says it will review each case individually.

Social protection

Reference: page 180.

GL events states that all Group employees are covered by social protection that complies with legal requirements or recognized standards. Local entities choose the arrangements.

A table lists, per country, the life events covered and the people covered. Across the 17 listed countries or territories, cover includes sickness, retirement and occupational accidents everywhere; unemployment cover in most, and maternity leave in Belgium, Spain, France, Italy. Coverage is shown for employees and, in many countries, self-employed workers. In Saudi Arabia and the United Arab Emirates, expatriates are covered partially; in China, migrant workers are covered partially.

Largest populations covered: France 3,500; China 632; Brazil 629; Chile 357; United Kingdom 318; South Africa 181.

The Group does not publish S1-11 information for "non-employee" workers: "the necessary data are not currently available".

Persons with disabilities

Reference: pages 180–181.

GL events says it "does not have sufficiently reliable data to establish precise statistics on the inclusion of persons with disabilities across its entire scope", because disclosure to the employer is voluntary.

Reported figures: 81 employees recognized as disabled workers at the Group in 2025 (33 women, 48 men), or 1.28% of 6,310, against 59 and 1.0% in 2024. In France, 72 employees (2.06%) held recognized status in 2025 against 47 (1.41%) in 2024, a 53% rise. The report says the increase reflects inclusion efforts, recognition of disabled worker status and better internal reporting.

France data follows the mandatory employment requirement for workers with disabilities, based on workforce at 31 December. The Group complies with local rules and the Convention on the Rights of Persons with Disabilities.

Training and skills development indicators

Reference: pages 181–183.

In 2025, 3,907 employees received at least one training (3,161 in 2024), for 53,871 hours (54,261 in 2024). The table gives an average of 13.78 hours per employee, women 12.29 and men 14.95; the summary indicators on pages 52 and 165 give 13.87.

Performance and career reviews reached 87% of employees in 2025 (88% of women, 86% of men) against 59% in 2024. Many countries are marked "N.C." in the review table.

By topic in 2025: safety 23,581 hours (+35.8%), management and HR 7,404 (+85.5%), IT and digital 5,714 (+28.5%), technical and operational 3,784, legal and compliance 4,165, sales and business development 2,897, CSR and environment 481.

The report states that practices are "not deployed consistently across all the Group's international scopes" and that GL events "is not able to report certain data comprehensively". It is working to harmonize them.

Health and safety indicators

Reference: pages 183–184.

The report says 100% of employees are covered by the health and safety management system. Detailed indicators are for France only.

The Group's S1-5 target table shows 0 fatalities or permanent disabilities in 2025 (page 167). The LOU Rugby club is excluded because sports injuries are not linked to usual employee duties.

Outside France, Brazil, Chile, Hungary and the UK report accident data (page 184). The report says the mix of scopes "does not allow the calculation of a consolidated Group indicator, particularly for the frequency rate". The auditors flag this as an emphasis of matter (page 215).

Work-life balance indicators

Reference: page 185.

GL events reports that "100% of GL events employees have access to family-related leave", paid or unpaid depending on local rules, policies or collective agreements. It covers maternity, paternity, parental, bereavement and family support leave.

Use of family leave: 129 employees in France took it in 2025 (115 in 2024, +12.2%); 56% women and 44% men in 2025. In the other countries reviewed (Brazil, Chile, China, Hungary, Italy, United Arab Emirates, Netherlands, Saudi Arabia, United Kingdom), 54 employees took it, 65% women. At Group scope that is 183 people, 58.6% women and 41.4% men.

Data is complete for France. For some countries it was "partial, insufficiently precise" or not reliable enough, and the Group chose not to publish it until local collection improves.

Compensation indicators

Reference: page 186.

Unadjusted gender pay gap (France and international): 12.66% in 2025, down from 13.97% in 2024. Average gross hourly wage was 20.75 for men (20.10) and 18.12 for women (17.30). The report says the gap narrowed because women's average hourly pay rose faster than men's.

Total annual pay ratio: 25.17 in 2025 (26.34 in 2024). The highest-paid employee earned 793,000 (756,000), and the median total annual compensation, excluding that person, was 31,500 (28,704 in 2024).

Method: contractual elements at 31 December 2025 and theoretical annual hours in the contract; non-euro currencies are converted at Group-validated 2025 rates. The 2024 median was restated because interns, who do not count as employees under ESRS, had been included.

The tables do not state a currency.

Incidents, complaints and severe human rights impacts

Reference: page 187.

The report notes discrimination and harassment reports rose 63%. It reads this as "greater use of internal reporting mechanisms and improved visibility of the channels", from greater awareness and stronger channels, and not "necessarily" a worse climate. It plans to continue prevention, training and communication.

No fines, penalties or compensation were recorded in 2025, as in 2024, and no serious human rights incidents involving forced labor, human trafficking or child labor. Human rights policies are presented under G1-1 (page 187).

Policies related to value chain workers

Reference: pages 188–189.

The Group defines value chain workers as service providers, partners, subcontractors and clients working alongside it on its sites and at event venues. The material impact is on the health and safety of those working on assembly and disassembly of event infrastructure (page 188).

GL events states: "At the date of publication of this statement, there was no formal policy at Group level." Divisions instead apply standards and documents such as safety booklets, protocols, prevention plans and subcontractor documentation.

In 2026 it will deploy "Golden Rules Safety and Security" guidelines, delayed from 2025 to match a new security strategy; a Security Department was created in 2025. The rules apply to employees, subcontractors, suppliers and others during assembly, operation and disassembly.

The Code of Conduct and Health and Safety policy are aligned with the UN Guiding Principles, ILO Declaration and main ILO conventions (page 189). Appendix B marks the S2 human rights policy datapoints "Not applicable to GL events" (page 88).

Actions on material impacts on value chain workers

Reference: pages 190–191.

The main action is a crisis management toolkit, co-developed in 2023 by the Risk, Audit and Internal Control teams with World Forum security staff. It has tools by level: incident log and report; accident report and cause tree; crisis checklist, calling list and manual, with continuity and recovery plans. In 2025 it was deployed at 18 sites or destinations: the World Forum (Netherlands), seven Brazilian venues and several French entities, with specific support for the NATO summit at the World Forum. Financial resources: "Not available".

Other measures: second-level controls of risk documents (DUERP) and MyConformity checks; a review of security fundamentals for Venues sites; awareness in QVCT week; International SOS since 2024; protective equipment with buffer stock on site.

The Group says actions are "regularly evaluated" and "deemed appropriate". No major human rights issue or incident in the value chain had been identified at publication (page 191).

Targets for value chain workers

Reference: page 191.

GL events sets no quantified target. The "target" is to deploy its Safety and Security Golden Rules to formalize its safety and security policy across the value chain, and, "With regard to responsible purchasing", to "continue rolling out the process and related documentation".

It also plans to structure the data "in order to study the feasibility of indicators and targets adapted to each purchasing family". Policies already in place in Brazil and the UK are mentioned (see S1-1).

The target is tied to the material impact, "Impact of work-related accidents on event activity workers" (page 191). No baseline, date or measure of progress is given, and the Golden Rules rollout was already postponed from 2025 to 2026 (page 188).

Policies related to consumers and end-users

Reference: pages 193–194; Appendix B on page 88.

GL events counts attendees, exhibitors, organizers and service providers as consumers and end-users (page 192).

Event safety (page 193): the policy is the Group Global Security Department, set up to structure and strengthen protection. Its remit is safety of people and property, tangible and intangible assets, strategic intelligence and economic security, and crisis management and operational resilience. It has built partnerships with institutional and private security stakeholders. Policy on attendee personal data is under the entity-specific cybersecurity section.

Event accessibility (page 194): an event accessibility guide for French entities, with a simplified English version outside French law. Advice covers before, during and after an event. It rests on Decree 2017-431 on the accessibility register and Articles R.111-19 to R.111-19-12 of the Construction and Housing Code. Entity management is accountable; the guide is on the website and sent to entity directors and HR.

Human rights commitments and remediation are presented in the G1 chapter (page 194).

Actions on material impacts on consumers and end-users

Reference: pages 195–197.

The report states the Group has produced a crisis management guide, deployed and tested since 2023, plus risk mapping templates. Key actions:

• CISPE exclusive partnership (2025–2027): after four years of cooperation, GL events signed with a private event security engineering firm to manage security across events in France and abroad. CISPE applies the Group's standards under the "5S": security, fire safety, emergency response, occupational safety and public services. Resources "considered non-material".
• GIGN partnership (completed October 2025): site audits, specialized training in security, negotiation and crisis management; a digital crisis exercise is planned for 2026. Costs are "confidential".
• CDCS partnership (2025): priority recipient of real-time security alerts from the French foreign ministry's crisis center.
• Accessibility: Lyon Convention Centre started the Tourisme & Handicap label process (2025–2026); Décorama delivered 35 Braille signage plates for the first time in 2025. Expenditure "confidential".

The report does not give effectiveness measures such as incident counts for these actions.

Targets for consumers and end-users

Reference: page 198.

Event security: no numeric target. For 2026 the Global Security Department aims to "sustainably" strengthen risk management and protection across sites. Steps: a self-assessment of all sites; a quality control procedure for private security services; a network of security contacts at each site; crisis exercises; and quick-reference sheets and handbooks.

Progress is monitored through site self-assessments, security incidents reported by entities, quality assessments of private security providers, and feedback after events and crisis exercises.

Event accessibility: "the Group has defined a rollout objective for this guide. But no quantitative target has been set." Effectiveness is judged qualitatively: the Diversity and Inclusion Manager's follow-up, feedback from visitors, exhibitors and organizers, and analysis of how far the guide's recommendations are applied at sites and events.

No baseline, deadline or percentage is stated for either issue.

Business conduct policies and corporate culture

Reference: pages 199–206 (Appendix B: UN Convention against Corruption on page 200, whistleblower protection on page 203).

Seven policies and procedures are described, all owned by the Group General Counsel and Chief Compliance Officer, who sits on the Executive Committee: an anti-corruption Code of Conduct (adopted 2018, modeled on Middlenext's, based on the UN Convention against Corruption and French Anti-Corruption Agency recommendations); a Code of Business Conduct (2020); an Ethics Charter; a gift and invitation policy; a sponsorship and patronage policy; a conflict of interest procedure; and a whistleblowing procedure under articles 6, 8 and 17 of the Sapin II law (pages 200–203).

The whistleblowing system is open to employees, external and temporary staff and, since November 2022, commercial partners. Alerts go to the Compliance Department or the Whispli platform, which allows anonymity; an ad hoc committee decides on investigation, and retaliation is not tolerated (pages 204–205).

Training: 16 in-person sessions in 2025 reached 527 employees (page 206). Board and Executive Committee members were trained in October 2022 and November 2025 (page 199).

Targets related to business conduct

Back-filled from the business conduct chapter, where targets fall under MDR-T rather than a numbered disclosure requirement. G1-3 became a standalone DR only in the 2025/2026 ESRS.

GL events sets no numeric anti-corruption target. Effectiveness is tracked through monitoring (pages 204, 207–208):

• the share of at-risk functions in France covered by training, 21% in 2025 (cumulative), with training every 3 years;
• a full audit of the Sapin II framework by internal control, planned for 2026;
• reporting by the Legal and Compliance Director to the Audit Committee and the Board on the program;
• a 2025 update of the accounting control plan, and screening of about 5,000 at-risk third parties in progress.

The same chapter sets one stated target, under the entity-specific cybersecurity and data protection matter: "Training all new hires and key functions in fraud prevention on an annual basis" (page 211). In 2025, 5 sessions were held and 171 employees trained; the annual training plan is approved by the Audit Committee, and the policy is reviewed once a year. No baseline or numeric threshold is given.

Incidents of corruption or bribery

Reference: pages 207–208.

The report states: "During the year, no Group company has been convicted of corruption." It gives no fine amounts and no count of confirmed incidents.

Key actions in 2025 and 2026:

• Training in China: about 200 at-risk employees, delivered by local lawyers, with dates "currently being set" on page 207, although page 205 says training was delivered in spring 2025; budget €35,000.
• Third-party screening: a provider is evaluating about 5,000 third parties considered at risk, to tighten contract clauses or end relationships; around €20,000.
• Sapin II accounting control plan update (France, 2025): in progress, internal resources only.
• Review of the Sapin II framework (France, 2026): by internal control; preparation under way.

Training coverage for at-risk functions is 21%, in person, 3 hours, every 3 years, covering the regulatory framework, identifying corruption cases and prevention (page 208).

Payment practices

Reference: page 209 (quantitative information incorporated by reference to URD section 2.21, page 56).

GL events says it applies "a rigorous policy with regard to payment deadlines in order to prevent late payments, particularly to SMEs". In France, general terms follow the Law on Modernization of the Economy (LME): standard payment terms of 60 days net from invoice date, no advance payments, and discounting "is not a common practice". Exceptions are shorter lead times for some purchasing families and advance payments in specific cases (down payments, cash payments, progress payments).

The statement itself gives no average time to pay, and it says "To date, GL events is not aware of any legal proceedings in progress concerning late payments". The quantitative payment-time tables sit in the parent company annual financial statements (articles D441-6-1 and L441-14 of the French Commercial Code).

The introductory note says the Group "is not yet able to quantify average contractual payment terms or other indicators under ESRS G1-6" (page 51), and the auditors list this as an emphasis of matter (page 215).