ENGIE’S RESPONSES
PLAYING A KEY ROLE
IN SECURITY OF SUPPLY
ENGIE has successfully navigated
the significant disruptions to gas flows
from Russia, with no impact on physical
supply for customers. For winter
2022-2023, it reduced its exposure
to gas volumes previously purchased
from Gazprom by combining flexibility
measures for its long-term gas
contracts, signing new contracts
and using liquefied natural gas (LNG).
Similarly, for winter 2023-2024,
new sources of supply, as well as an
expected fall in demand, will replace
gas from Russia and enable the required
storage levels to be achieved. The new
LNG contracts are with US producers
that are committed to emissions
traceability and environmental
monitoring of their activities,
such as the current development
of RSG (Responsibly Sourced Gas).
ENGIE’s network activities in France
had a high utilization rate in 2022,
with a record number of ships unloading
at its LNG terminals and a doubling
of GRTgaz’s transmission volumes,
notably with a reversal of the volumes
transmitted from France to Germany.
In Europe, Storengy’s gas storage
facilities were 100% full at the start
of winter 2022-2023. This was due to
efforts made by customers, including
energy suppliers, who went beyond
their minimum filling obligation.
They were 82% full at December 31, 2022
(compared with 53% previously).
ACTIVE PARTICIPATION
INMANAGING THE CRISIS
ENGIE is a stakeholder in European
discussions on the regulation of energy
markets and the various emergency
regulatory measures that need to be
taken to tackle the energy crisis.
To secure supplies, ENGIE – as a member
of the EU Energy Platform – has
contributed to discussions on gas storage
filling obligations by promoting the
tried-and-tested French regulatory model.
ENGIE also participated in talks on the
gas demand reduction plan (July 2022)
and supported the electricity demand
reduction targets (September 2022)
proposed by the European Commission.
HELPING TO COMBAT HIGH
PRICES AND SUPPORTING
CUSTOMERS THROUGH THE CRISIS
In 2022, ENGIE contributed €1.1 billion
to existing profit-sharing mechanisms
for nuclear energy in Belgium and
for hydropower in France. ENGIE also
contributed €0.9 billion in 2022 as
a result of inframarginal rent caps
imposed by European countries.
Furthermore, following the measures
taken by the French government
in relation to the price shield,
the Group has undertaken to finance
the difference between the price of its
gas purchases on the markets and the
frozen resale price. It will be reimbursed
for the difference at a later date.
The Group is also involved in measures
to combat high energy prices by
increasing its working capital
In addition the price shield mechanism
now includes SMEs and individual
customers supplied by the market
In Belgium and Romania respectively
ENGIE supported the implementation of
social tariffs and a price cap mechanism
through payment facilities
ENGIE has made various arrangements
to help its customers
support measures totaling 90 million
for its most vulnerable individual
customers
the creation of a 60million fund to
help industrial and tertiary customers
secure energy contracts
the launch of a platform for monitoring
and managing energy consumption
• the signing of the Energy Suppliers
Charter in October 2022 to provide
more information for professional
customers, companies and local
authorities, reduce their consumption
and support the most vulnerable
among them.
ENGIE is also taking steps to help
its tertiary customers improve their
energy efficiency, reduce their energy
bills and achieve their decarbonization
goals. For example, the Vertuoz Control
system offered by ENGIE Solutions
in France has already yielded annual
energy savings of 25%. Similarly,
the energy efficiency and performance
plan implemented with property
management company Foncia is
expected to deliver savings of up to 35%.
TAKING STEPS TO REDUCE ITS OWN
ENERGY CONSUMPTION
ENGIE has also set ambitious targets
for its own energy consumption:
• reduce the energy consumption of its
buildings by 35% by 2030 (-15% for
winter 2022),
• encourage 6% of employees not to
drive to work,
• reduce the carbon footprint of
the company car fleet by 5% by
encouraging eco-driving.
MAINTAINING ITS EMPLOYEE
ENGAGEMENT
In this challenging environment,
various measures
have been taken,
including:
the payment of a special bonus of
1500 to all employees worldwide
the launch of Link 2022 a new
global employee shareholding plan
in September 2022
ACCELERATE THE ENERGY TRANSITION
The current energy crisis in Europe
calls for an acceleration of the energy
transition a subject at the heart of
ENGIEs strategy The Group is targeting
a threefold reduction in the carbon
intensity of the energy it produces and
consumes between 2017 and 2030
It also aims to avoid the emission
of 45Mt of CO
2
by its customers
and achieve carbon neutrality for
Scopes 1 2 and 3 by 2045 To illustrate
this ambition ENGIE should have four
ENGIE is actively involved in supporting consumers and the economy during the crisis
and is continuing to roll out its strategic road map for the energy transition.
ENGIE is helping to make energy
accessible to all by contributing
to public policy measures and
implementing specific actions
for its customers
10 - OUR AMBITION