CHAPTER 3 We advance in sustainable performance

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WE ARE LAUNCHING THE FIRST PHOTOVOLTAIC NETWORK AT SERVICE STATIONS IN EUROPE

DEVELOPMENT OF BIOFUELS

In association with Redexis, we have begun to build Europe's first network of renewable-energy-generating service stations. The plan is to complete the installation of photovoltaic panels in our service stations in Spain and Portugal by 2023. Panels have already been installed at 80 service stations and over 200 photovoltaic installations are planned by the end of 2021.

They will supply our service stations with power during the day, while the surplus will be fed into the grid, thus optimising the overall energy efficiency of our facilities and allowing 100% of the service station network to consume self-generated renewable electricity.

We maximise biofuel production in line with our ambition to reduce emissions. To ensure the sustainable supply of the necessary raw materials, we are certified under ISCC EU, the main voluntary scheme based on the European Renewable Energy Directive (RED), which requires sustainability and traceability. Our facilities are also certified under 2BSvs (Biomass Biofuel Sustainability voluntary scheme) and the National Sustainability Verification System (SNVS).

To drive these and other measures, we have included an internal carbon price signal in our financial parameters at the budget level. In 2021, prices were estimated to increase to reach 100/tonne in 2030, but this is under review given the currently increasing market prices.