T a r g e t s

50 GW of renewable

capacity in 2025

and 80 GW in 2030

Coal phase-out in 2025

in continental Europe

and in 2027 worldwide

CLIMATE OBJECTIVES AND ASSOCIATED ACTION PLAN

ENGIE is committed to being Net Zero Carbon for all its scopes (1, 2 and 3).

Reduce ENGIE’s direct and indirect GHG emission by at least 90% compared to 2017. Then increase carbon sinks to neutralize

the Group’s residual emissionsto ENGIE full value chain.

Tracking the main decarbonization levers between 2017 and 2030

K e y c h a n g e s T a r g e t s p r o g r e s s r e p o r t b e t w e e n 2 0 1 7 a n d 2 0 3 0

2030

2045

The levers of ENGIE’s decarbonization based on medium and long term science-based targets

DEVELOPMENT

OF RENEWABLES

In capacitiesGW@100

ENGIE targets to reach 58 of renewables capacity

in its energy production by 2030 with a target for

commissioning solar and wind power capacity

at 4GW per year on average in 20222025

and 6GW per year in 20262030

CHANGE IN RENEWABLE

ELECTRICITY CAPACITIES

(GW@100%)

RENEWABLE ELECTRICITY

Remove carbon up to the residual

emissions from ENGIE’s activities

in four countries (including Brazil)

and the group's ways of working

Reduce the main sources

of GHG emissions

following a well-below 2°C

trajectory

43 Mt CO

2

eq. linked to

to energy generation

52 Mt CO

2

eq. linked

to the use of products

sold gas sales

10 TWh of biomethane produced

in Europe by 2030

€2.5 bn invested in the network for

biomethane connections by 2030

€3 bn invested in renewable gases

(including e-CH

4

) by 2030

~

30 TWh / year of biomethane sold

by ENGIE in B2B and B2C services

in 2030

50 TWh / year biomethane connected

production capacity in France in 2030

BIOMETHANE

4GW of renewable hydrogen

production capacity through

electrolysis by 2030

700km of dedicated hydrogen

networks by 2030

1 TWh of hydrogen storage

capacity by 2030

30TWh of hydrogen in the managed

energy portfolio by 2030

More than 100 charging stations

for hydrogen vehicles by 2030

4bn invested in hydrogen by 2030

HYDROGEN

COAL

PHASEOUT

In number of electrical and heating assets

Conversion Closure Sale

ENGIE is establishing a strategy to move away

from coal in the following merit order

closure conversion then if not possible sale

ensuring a continuous dialog with stakeholders

ENGIE Just Transition policy

65

32

3

COAL

CHANGE IN COAL-FIRED

ELECTRICITY CAPACITIES

(GW@100%)

RENEWABLE GASES

C A P E X 2 0 2 3-2 5

Between €13 bn and €14 bn No new investment

Over the entire Group, around 75% of 2023-2025 growth

CAPEX will be aligned with the European taxonomy.

Hydropower

Solar

Wind power

Others

53

26

21

2027

0

2017

7.0

2020

4.3

2022

2.5

2017

24

2030

80

2020

31

2022

38

2025

50

20172022

20232025

20262030 Periods

Wind power Hydropower Solar

68 - CLIMATE NOTEBOOK

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