Veolia is committed to making changes that last. This is why carbon has a special part in our budget, allowing us to make environmentally sound key decisions. Our Executive Committee is meeting regularly to discuss our progress to reduce our GHG emissions and review investment decisions which will allow us to reach our targets. At the operational level, emphasis is placed on climate change awareness in order to allow all of our employees to make the right decisions.
We want to be transparent and open about our progress to drive forward our Net Zero ambitions. Our Net Zero strategy and Carbon Reduction Plans will therefore be reviewed and updated annually. This will reflect any changes in organisational structure, allow us to refine data capture processes, quantify what we have achieved so far, and reassess our short, medium and long-term outlook. Beyond this we will also hold a full-scale review of our Net Zero Strategy and Carbon Reduction Plans every 5 years. Finally, a re-baselining and review of the Net Zero Strategy will also happen in the event of a material change to our baseline. This corresponds to a 5% variation, positive or negative, from previously calculated data.