PROMOTING SUSTAINABLE
AND RESPONSIBLE FINANCE
In line with its purpose, ENGIE relies on green finance to finance its activities in a sustainable
and responsible manner while maximizing value creation for its shareholders.
A VERY STRONG FINANCIAL
PERFORMANCE IN 2022
ENGIE posted an excellent financial
performance in 2022 with an NRIgs
of €5.2 billion, in line with guidance.
EBIT of €9.0 billion was up 43%
organically across most activities.
The GEMS and Flex Gen activities
made a significant contribution in
unprecedented market conditions
and renewables gained new capacity.
In 2022, ENGIE played a key role in
security of supply, especially in Europe,
as an owner and operator of gas
networks and as a gas supplier.
The utilization rate of the LNG terminals
reached record levels, gas volumes
transmitted by GRTgaz doubled,
with exports from France to Germany
for the first time and very high
inventory levels. The year 2022 was
also marked by the impact of windfall
taxes of €0.9 billion, mainly in Belgium
and in Italy, and by the impact of
government profit-sharing mechanisms
in Belgium and France of €1.1 billion.
The Group continued its development
and investment program. Thus out of
€7.9 billion in investments in 2022,
growth investments represented
€5.5 billion, with more than 90% of
this amount for activities related to
the energy transition, and the balance of
€2.4 billion going to maintenance CAPEX.
The Group expects €22
-25 billion
of growth for 20232025 an increase
of 50 compared with 20212023
SHARING PERFORMANCE
WITH SHAREHOLDERS
The Group’s dividend policy has been
reaffirmed with a proposed dividend of
€1.40 per share, aimed at distributing
65% of the Group’s net income.
ENGIE maintains a dialog with its
shareholders through its Shareholders’
Club, which organizes meetings
around business and cultural events,
and its Shareholders’ Consultative
Committee, whose role is to relay the
expectations and questions of individual
shareholders. The Chairman of the
Board of Directors met with individual
shareholders a number of times.
The Group encourages employee
shareholding and established an
ambitious policy in 2022 by committing
to offer a “Link” employee shareholding
plan every two years. The “Link 2022”
plan has been a great success with
employees, with nearly 26,000 employees
in 21 countries subscribing.
The total amount invested is more
than €172 million for 16.4 million
shares. This operation brings employee
shareholding to nearly 4%.
EUROPEAN GREEN TAXONOMY
With the European Green Taxonomy,
the European Union (EU) aims to make
it easier for companies to finance
sustainable activities by requiring them
to publish the share of their activities
that contribute to one of the EU’s six
environmental objectives without
harming the other five. This share
of sustainable activities is presented
through two ratios:
•
the share of taxonomy-eligible activities,
i.e. from a list of about 100 potentially
sustainable activities for the EU,
• the share of taxonomy-aligned
activities, i.e. the portion recognized
as sustainable because it satisfies
the previous eligibility and technical
criteria of contributing to and
not harming the environmental
objectives
(1)
.
1 At this point only the criteria for the two climate objectives for mitigation and adaptation to climate change have been published by the EU
46 - OUR IMPACT