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

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