To achieve this, the Group has published

milestones:

• 50 GW of renewable electricity

capacity in 2025 and 80 GW in 2030

(compared to 27 in 2019 and 38 in 2022,

which is in line with this road map).

• Increasing average annual targets for

commissioning additional renewable

capacity of approximately 4 GW/year

for 2022-2025 and +6 GW/year for

2026-2030.

This development will mobilise

between €13 and €14 billion of

investment by 2025.

Stepping up battery storage

The Group plans to significantly step up

battery storage to complement its

gas-fired and pumped storage electricity

production. It aims to reach around

10 GW of battery capacity by 2030,

mainly in Europe and the United States.

Industrial development

of renewable gases

To ensure the resilience of the energy

system and meet the growing global

energy demand, ENGIE is convinced of

the key role of renewable gases in the

energy transition because of their ability

to be stored and distributed on demand.

ENGIE has set itself the challenge

of achieving 100% decarbonized gas

by 2045 in all its sales through the

progressive greening of gas via the use

of biomethane, renewable hydrogen and

carbon capture, utilization and storage

(CCUS) technologies for the residual

fossil gas.

Biomethane development

Biomethane represents a future industrial

solution for making farms profitable

and recycling agricultural or food waste

without aggravating global warming,

while also promoting local development.

ENGIE’s target is to produce 10 TWh of

biomethane per year by 2030 in Europe

including 5 TWh in France and to inject

50 TWh of biomethane into its networks

in 2030 in France The Group will invest

25billion to achieve this target

Industrialization of renewable hydrogen

Production of renewable hydrogen from

the electrolysis of water using renewable

electricity is a promising technology

that is currently being industrialized

It does not emit GHGs and allows for

the storage of surplus electricity in the

form of hydrogen and possibly methane

after methanation all of which can be

injected into existing networks

The Group is targeting development

by 2030 of:

• 4 GW of electrolysis capacity,

• 700 km hydrogen transmission networks,

• 100 hydrogen vehicle charging stations,

• 1 TWh of hydrogen storage capacity.

To achieve this, ENGIE will invest

approximately €4 billion over the

period 2023-2030, €1 billion of

which will be dedicated to hydrogen

transmission and storage.

Although these renewable gases mainly

contribute to the achievement Of the

2045 net-zero emissions commitment,

their impact on the achievement of

the 2030 targets will be limited.

Reduction of methane emissions

The Group aims to reduce methane

emissions from its gas networks

(transport, distribution, storage and

LNG terminals) associated with venting

(planned and unplanned), flaring and

fugitive emissions. ENGIE has set

a target of a 30% reduction in these

emissions compared to 2017, a year

restated for the E&P business being

conducted at the time Although this

target was met in 2022 it remains

fragile due to the reliability of these

data as regards the Groups international

share and to the entry into force of the

EU regulation on methane emissions

ACHIEVING THE DECARBONIZATION PLAN

WITH THE SUPPORT OF ALL TEAMS

ENGIE is convinced that a transformation

at this level for a global group of

100000people will only happen

if each person understands their role

in this decarbonization journey

Thus, ENGIE has rolled out tools to

move from a CO

2

reporting mode to

a management culture, namely:

• A medium-term CO

2

business plan

(CO

2

MTP)

In 2021 the Group implemented a

methodology for CO

2

management in

coherence with the financial MTP, with

annual CO

2

budgets for each business

line (GBU) through 2030.

• Quarterly business reviews (QBR)

GHG emissions are monitored

quarterly during business reviews

in the same way as operational

and financial performance.

• CO

2

flexibility

ENGIE has set up a CO

2

flexibility

system to continuously monitor

the available CO

2

budget for any

new investment or sales contract.

• Carbon pricing

The strategic scenarios include

region-specific carbon price lists made

available to project developers.

• Incentive compensation

The short- and medium-term variable

compensation policy for the Executive

Committee and senior managers

includes annual decarbonization

targets for energy production

80 GW

of total electricity

production capacity

10 TWh

of biomethane

production per year

4 GW

of total hydrogen

production capacity

10 GW

of battery capacity

BY 2030

“In line with the decarbonization road

map, each person is taking action at their

level to reduce the Group’s greenhouse

gas emissions. Establishing annual carbon

budgets, implementing a CO

2

management

culture in all our processes and integrating

CSR performance into compensation are all

examples that underscore the operational

reality of decarbonization at all times.”

Julia Maris,

Vice President CSR

To learn more see the Climate

Notebook attached to this report

or the SayonClimate resolution

approved at the Shareholders Meeting

of April 21 2022

2023 INTEGRATED REPORT - 33