CLIMATE GOVERNANCE

Implementing the Net Zero Carbon trajectory across all ENGIE’s activities required the adaptation

of various governance processes. Whether at the level of corporate governing functions, investment

processes or Research and Innovation, climate challenges permeate all the Group’s decision-making

channels.

• Sets the climate strategy

and the associated objectives

• Ensures that the climate strategy

is at the heart of the Company’s

overall strategy, in accordance

with its corporate purpose

BOARD OF

DIRECTORS

ETHICS, ENVIRONMENT AND

SUSTAINABLE DEVELOPMENT

COMMITTEE

• Reviews the Group’s climate objectives,

their configuration (ambition,

definition, scope, deadlines and level

of certification) and monitors

their implementation

• Examines the risks and opportunities

of climate change

STRATEGY, INVESTMENT

AND TECHNOLOGY COMMITTEE

• Incorporates the Group’s climate

challenges and objectives into

its investment decision-making

process

AUDIT COMMITTEE

• Identifies priority risks,

including climate risk

• Examines the assumptions

underlying financial guidance,

including climate-related ones

• Examines the accounting impact of

exceptional weather events

• Examines the adequacy of risk

insurance coverage (including

climate risk)

STRATEGY

DEPARTMENT

Defines

carbon price

trajectories

Examines

the outlook

for the energy

market and

demand trends

FINANCE DEPARTMENT

Ensures that investment

decisions are consistent

with the Groups

climate commitments

through their compliance

with CO

2

budgets and

analyses including

carbon pricing

ETHICS COMPLIANCE

DEPARTMENT

1

Oversees the Groups

vigilance plan including

climate issues

EXECUTIVE COMMITTEE

• Implements the Group’s climate strategy

• Recommends the Group’s climate strategy to the Board of Directors

• Arbitrates the climate trajectory among GBUs

• Supports each of the 2030 CSR objectives (including six climate objectives)

APPOINTMENTS, COMPENSATION

AND GOVERNANCE COMMITTEE

• Makes Remuneration of

the CEO and the beneficiaries of

performance shares conditional

on specific climate objective

• Leads the annual Board evaluation,

in particular on the consideration

of climate issues

PREPARES THE DECISIONS

OF THE BOARD OF DIRECTORS

PREPARES THE DECISIONS

OF THE BOARD OF DIRECTORS

GBUS ENTITIES

Ensure the operationalization

of the climate strategy

investments and divestments

new products projects etc

Deliver projects and

performance in line with climate

trajectories annual CO

2

budget

allocated by the Executive

Committee

Executive Vice President

in charge of the General Secretariat

Strategy Research Innovation

and Communication

Executive Vice Presidents

in charge of the GBUs Renewables

Networks Energy Solutions

Flex Gen Retail

Executive Vice President

in charge of Finance Corporate Social

Responsibility and Purchasing

CSR DEPARTMENT

Defines climate policy

Oversees climate

reporting including TCFD

Coordinates the

implementation of the

climate strategy and its

compliance with the SBT

objectives and the climate

adaptation plan

Climate mitigation and adaptation network

Environmental performance reporting network

Chief Executive Officer

1 Reporting to the Legal Ethics and Compliance Department

74 - CLIMATE NOTEBOOK

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