DEVELOP SUSTAINABLE FINANCE
The Group is one of the leading
corporate issuers of green bonds with
nearly €18 billion of green bonds issued
since 2014. In addition, the Group has
incorporated, in its syndicated credit
lines, margin adjustment mechanisms
linked to compliance with annual CO
2
performance indicators.
CORRELATE COMPENSATION
WITH THE ACHIEVEMENT
OF CLIMATE OBJECTIVES
The compensation policies for senior
executives and the Chief Executive
Officer incorporate criteria related to
the Group’s climate objectives. The
Chief Executive Officer’s variable
compensation is therefore partly
dependent on meeting the objective
of reducing CO
2
emissions related
to energy production. In 2023,
this objective represents 10% of the
non-financial criteria of the annual
variable portion. In addition,
the Group’s performance shares
(long-term incentives) granted to
the Chief Executive Officer, all senior
executives and 5,000 employees
include climate criteria, with 10% of
those on CO
2
emissions related to
energy production and 5% related
to the percentage of renewables in
the Group’s electricity mix capacities.
TRAIN THE TEAMS
IN CLIMATE CHALLENGES
The Group believes that acculturation,
skills development and the commitment
of its employees are a powerful lever
to support the transformation of its
business. Thus, ENGIE decided to create
the Sustainability Academy in 2021.
Through in-house courses, the academy
aims to explain the Group’s strategy
in terms of environmental, social and
governance issues to give it meaning
and to explore its implementation
Emodules podcasts climate and
biodiversity fresks workshops
challenges around sustainability
or learning expeditions a number
of modules have been rolled out
In addition the Group offers all its
employees different training programs
Sustainable Business for All Energy
Revolution Toward Decarbonization
some of which dedicated to certain
activities Sustainability with my Clients
in the business development and
sales division
Moreover, after the first Graduate
Program “100% Renewable Energy”
launched in 2020, the Renewables
Academy was created in 2022 with
the aim of training and increasing
the skills of the Group’s employees
in the renewable energy businesses.
The expertise of ENGIE’s Board of
Directors is also a strong lever for the
success of ENGIE’s decarbonization
strategy and achievement of its climate
objectives. Over 2022, four information
meetings were delivered in relation
with CSR and non-financial reporting,
the energy transitions scenarios,
the critical impacts on its supply chain
and the global energy landscape.
ALIGN LOBBYING ACTIVITIES
WITH THE PARIS AGREEMENT
In accordance with its commitment to
fight climate change and accelerate the
transition to a carbon-neutral economy,
ENGIE is committed to ensuring
that its lobbying activities and sector
associations are aligned with the
objectives of the Paris Agreement
and the companys climate strategy
In 2021 ENGIE carried out a review
of its membership of professional and
industrial associations and conducted a
detailed evaluation of the alignment of
these associations with the objectives
of the Paris Agreement The evaluation
document is available on the Groups
website The evaluation will be updated
in the first half of 2023
MOBILIZE RESEARCH
ON DECARBONIZATION
Comprising more than 500 employees,
ENGIE’s Research and Innovation
division contributes through its actions
and initiatives to the operational
performance, the integration of
technologies, new solutions in strategic
areas and disruptive technology.
Its work is focused as a priority
on the zero-carbon transition with
solar and wind power and storage,
the decarbonization of urban heating
and cooling networks, the large-scale
underground storage of hydrogen
and the liquefaction of hydrogen.
The ENGIE Research and Innovation
entity also finances environmental
startups and develops a number of
academic partnerships. The Group has
notably focused on major partnerships
with the Alternative Energies and
Atomic Energy Commission CEA
in France electrolysis photo catalysis
biothemes and production of
renewable molecules with the National
Renewable Energy Laboratory NREL
in the United States wind power
geothermal energy and hydrogen and
finally with EnergyVille in Belgium
solar electroreduction in molecules
transmission and storage of electricity
2023 INTEGRATED REPORT - 77