ENGIE IS COMMITTED TO ACHIEVING
NET ZERO CARBON IN 2045 BY
FOLLOWING A WELL-BELOW 2°C
TRAJECTORY CERTIFIED IN
FEBRUARY 2023 BY SBTI, THANKS
TO 4 OPERATIONAL LEVERS.
This commitment materializes first
and foremost through a strategy to
reduce its direct (scope 1) and indirect
(scopes 2 and 3) greenhouse gas
emissions. A GHG (Greenhouse Gas)
steering governance has been put in
place and budgets have been allocated
to each of the business lines for the
conduct of their operations as well as
their investments (see page 75 of the
integrated report – appendix TCFD ) .
The Group's Net Zero commitment will
lead to a reduction of at least 90% of
greenhouse gas emissions between
2017 and 2045. Regarding the 10% of
residual emissions, ENGIE intends to
minimize the volume, and is working
in parallel to the definition of its
neutralization strategy by increasing
carbon sinks. The priority remains for
the Group to focus its efforts on actions
to reduce its emissions.
The Group bases its strategy between
now and 2030 on four operational
levers:
• 1. coal phase out;
• 2. development of renewable
energies;
• 3. reduction and greening of the
volumes of gas consumed and sold;
• 4. energy storage (details on page
32-33 of the integrated report).
The combination of these levers should
enable the greening of the energy
mix while correcting the effects of
intermittency inherent to renewable
energies through flexibility solutions
such as energy storage.
The use of our thermal power plants
will progressively evolve so that
they are mainly mobilized to meet
peak demand.
To date, 99% of the Group's emissions
are covered by a decarbonization
objective by 2030 , either within
the framework of the well-below 2°C
certification, or within the framework
of objectives for which the Group had
already voluntarily subscribed publicly.
As part of the SBTI certification process
(2°C in 2020 and well-below 2°C
since February 2023), the Group's
decarbonization objectives have
not been structured by scopes 1,2,3
but by type of activity (eg: energy
production and consumption, gas sales
or electricity sales, etc.) expressed
in absolute value or in intensity
(g CO
2
eq./kWh).
The graph below reconciles the
approach by scope and by activity
and thus makes it possible to visualize
the portion of the carbon footprint
covered by each 2030 decarbonization
objective.
Figures in Mt CO
2
eq
The Group also has a 2030 Net Zero objective on its ways of working IT business travel employee commuting building consumption which represents 015
of the carbon footprint in 2022
Coverage of the 6 objectives
on the 2022 carbon footprint
Absolute CO
2
contraction
objectives (Mt CO
2
eq.)
Carbon intensity reduction objectives
(g CO
2
eq./kWh)
TOTAL
COVERAGE
Scope 3
-20%
since 2017
174.3 Mt CO
2
eq.
Footprint
2022
8.3
0.5
08
17
S c o p e 1 S c o p e 2 S c o p e 1 S c o p e 1 S c o p e 1 1 2 3.3 A+B 3.1 3.2 S c o p e 31 5 S c o p e 31 5 S c o p e 33D S c o p e 3.1 1 S c o p e 3 u p s t r e a m + d o w n s t r e a m
Other Investments
Procurement &
capital goods
Upstream emissions of
purchased fuel & electricity
Use of sold products
(fuel sales)
Generation of purchased
energy sold to end users
Investments energy
generation of equities
Purchased electricity
heat
Energy generation
Gas infrastructures
Methane emissions
Energy
generation
Use of sold products
(fuel sales)
Other, including scope 3
procurement, capital goods
and upstream fuel & elec
Carbon intensity of
energy generation
consumption
Carbon intensity of
energy generated
purchased for resale
02
15.7
61.3
263
316
279
99%
Scope 12
60
since 2017
Other
incl vehicle
fleet
2023 INTEGRATED REPORT - 81