THERE WILL BE NO TRANSITION
WITHOUT A JUST TRANSITION
While today it is understood, accepted and even, in some ways, anticipated, the transition to
a Net Zero Carbon economy implies meeting a number of major challenges for its perfect implementation,
including the challenge of ensuring that such transition is just.
A TRANSITION THAT ASKS QUESTIONS
How to move from one world to the
other? How to support each person in
the ecological and energy transition?
How to meet the societal and human
challenges of a decarbonized world?
Even if the energy transition brings
positive results, it must, however,
be implemented with care.
If not, it risks not only exacerbating
existing societal challenges, but also
weakening the most exposed employees,
supply chains, communities and
consumers, slowing the zero-carbon
transition and exacerbating
environmental problems.
ENGIE is convinced that the success
of the energy transition is much more
than a technological adventure.
This idea is recalled in its purpose:
“To act to accelerate the transition
to a carbon-neutral economy […] and
reconcile economic performance with
a positive impact on people and the
planet.”
It is also based on the preamble
of the Paris Agreement (December 2015)
and on the reflections of the International
Labour Organization on the just transition,
defined as a strategy to mitigate the
negative consequences of the transition
to sustainable economic models,
while maximizing its positive effects.
A JUST AND AMBITIOUS
TRANSITION PLAN
The plan to transition toward Net Zero
Carbon by 2045 presented by ENGIE
in 2021 is based on a wellbelow 2C
certified trajectory In line with the
Paris Agreement and the guidance of
the International Labour Organization
itwas designed in its societal dimension
for its customers and for the Group
to lay the foundations for longterm
sustainable growth The Groups
objectives for an affordable reliable
and sustainable energy transition
resonate with the challenges facing
society climatic challenges energy
market challenges and those of
its stakeholders
The current energy price volatility
and the war in the European continent,
underpinned by the climate emergency,
proves the relevance of ENGIE’s
strategy to offer a balanced, resilient
and affordable energy mix. This plan
aims, in particular, to:
• ensure that customers, and in particular
low-income customers, have access
to affordable and sustainable energy
thanks to innovative offers;
• commit to territorial projects with
the involvement of local communities;
• guarantee quality social dialog at
all levels, offer social protection to
all employees worldwide, guarantee
their employability though training
and retraining and through providing
support during restructuring;
• establish stringent standards in
terms of labor law, human rights and
sustainability throughout the supply
chain, promote inclusive procurement
and engage with suppliers in their own
transition.
To achieve this, ENGIE relies on
its approach of transparency and
co-construction with civil society.
This plan was presented at the end of
2022 to encourage discussions with
a Stakeholders’ Committee composed
of associations, responsible investors,
economists, institutions and activists.
The Group has given itself one year
to develop and present indicators
that are in line with its ambitions
to the Committee.
“The strategy implemented aims to
mitigate the negative consequences
of the transition to sustainable
economic models while maximizing
its positive effects.”
104 - JUST TRANSITION NOTEBOOK