PROMOTING SUSTAINABLE

AND RESPONSIBLE FINANCE

In line with its purpose, ENGIE relies on green finance to finance its activities in a sustainable

and responsible manner while maximizing value creation for its shareholders.

A VERY STRONG FINANCIAL

PERFORMANCE IN 2022

ENGIE posted an excellent financial

performance in 2022 with an NRIgs

of €5.2 billion, in line with guidance.

EBIT of €9.0 billion was up 43%

organically across most activities.

The GEMS and Flex Gen activities

made a significant contribution in

unprecedented market conditions

and renewables gained new capacity.

In 2022, ENGIE played a key role in

security of supply, especially in Europe,

as an owner and operator of gas

networks and as a gas supplier.

The utilization rate of the LNG terminals

reached record levels, gas volumes

transmitted by GRTgaz doubled,

with exports from France to Germany

for the first time and very high

inventory levels. The year 2022 was

also marked by the impact of windfall

taxes of €0.9 billion, mainly in Belgium

and in Italy, and by the impact of

government profit-sharing mechanisms

in Belgium and France of €1.1 billion.

The Group continued its development

and investment program. Thus out of

€7.9 billion in investments in 2022,

growth investments represented

€5.5 billion, with more than 90% of

this amount for activities related to

the energy transition, and the balance of

€2.4 billion going to maintenance CAPEX.

The Group expects €22

-25 billion

of growth for 20232025 an increase

of 50 compared with 20212023

SHARING PERFORMANCE

WITH SHAREHOLDERS

The Group’s dividend policy has been

reaffirmed with a proposed dividend of

€1.40 per share, aimed at distributing

65% of the Group’s net income.

ENGIE maintains a dialog with its

shareholders through its Shareholders’

Club, which organizes meetings

around business and cultural events,

and its Shareholders’ Consultative

Committee, whose role is to relay the

expectations and questions of individual

shareholders. The Chairman of the

Board of Directors met with individual

shareholders a number of times.

The Group encourages employee

shareholding and established an

ambitious policy in 2022 by committing

to offer a “Link” employee shareholding

plan every two years. The “Link 2022”

plan has been a great success with

employees, with nearly 26,000 employees

in 21 countries subscribing.

The total amount invested is more

than €172 million for 16.4 million

shares. This operation brings employee

shareholding to nearly 4%.

EUROPEAN GREEN TAXONOMY

With the European Green Taxonomy,

the European Union (EU) aims to make

it easier for companies to finance

sustainable activities by requiring them

to publish the share of their activities

that contribute to one of the EU’s six

environmental objectives without

harming the other five. This share

of sustainable activities is presented

through two ratios:

•

the share of taxonomy-eligible activities,

i.e. from a list of about 100 potentially

sustainable activities for the EU,

• the share of taxonomy-aligned

activities, i.e. the portion recognized

as sustainable because it satisfies

the previous eligibility and technical

criteria of contributing to and

not harming the environmental

objectives

(1)

.

1 At this point only the criteria for the two climate objectives for mitigation and adaptation to climate change have been published by the EU

46 - OUR IMPACT

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