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

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