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