GROSS

OPERATIONAL

AND CSR RISKS

NET

SIGNIFICANT

AND SPECIFIC

OPERATIONAL,

FINANCIAL AND

CSR RISKS

PRIORITY

RISKS

OPPORTUNITIES

ENGIE identifies

several gross

material risks

the resources

to handle them

and the monitoring

indicators

It publishes them

in its Nonfinancial

Statement In 2022

24 gross risks

ENGIE identifies

several significant

and specific risks

after mitigation

measures notably at

the end of its annual

ERM exercise In 2022

17 net risks

The Board of Directors selected

priority risks from among

the specific net risks to be

monitored periodically

within its committees

(Audit, SITC, EESDC).

ENGIE has identified

several opportunities

associated with these

priority risks.

MANAGE RISKS, SEIZE OPPORTUNITIES

Engie’s business context exposes it to financial and non-financial risks, but also offers opportunities.

This is why the Group continually analyzes their evolution in order to best adapt to changes in

its environment.

ENGIE identifies the gross material

risks to which it is exposed within its

environment. These different risks,

the resources to handle them and the

monitoring indicators are presented

in the Non-financial Statement (NFS,

Chapter 3 of the 2022 Universal

Registration Document).

At the end of its annual ERM exercise –

Enterprise Risk Management

– and after

taking into account mitigation measures,

the Group identifies its significant

and specific net risks. (Risk factors,

Chapter 2 of the 2022 Universal

Registration Document).

Each year, the Board of Directors selects

a limited number of priority risks from

among these net risks.

The eight risks that the Board has selected

are monitored by the permanent Board

committees: the Audit Committee,

the Strategy, Investment and Technology

Committee (SITC)and the Ethics,

Environment and Sustainable

Development Committee (EESDC).

Each of these priority risks also potentially

presents strategic opportunities for

the Group. They essentially concern the

sale of services, industrial development

or performance optimization.

8

priority risks monitored

by the Board of Directors

in 2022

In 2022, the list of risks becomes:

1 Climate change

adaptation and transition

Sales of consulting and services

to reduce customer GHG emissions

Conversion to renewable gases

biomethane and hydrogen

2 Human Resources

retention of expertise

and attractiveness

3 Health safety

Industrial safety

Improvement in performance

motivation and wellbeing

at work

Strengthening the employer brand

4 Market risk

5 Supply chain

6 Position of gas

Market transactions

Optimized management

of supply flows

Conversion to renewable gases

biomethane and hydrogen

7 Nuclear safety

8 Cybersecurity

Sale of services digitization

robotization security and

surveillance of sensitive sites

2023 INTEGRATED REPORT - 13