DEVELOP SUSTAINABLE FINANCE

The Group is one of the leading

corporate issuers of green bonds with

nearly €18 billion of green bonds issued

since 2014. In addition, the Group has

incorporated, in its syndicated credit

lines, margin adjustment mechanisms

linked to compliance with annual CO

2

performance indicators.

CORRELATE COMPENSATION

WITH THE ACHIEVEMENT

OF CLIMATE OBJECTIVES

The compensation policies for senior

executives and the Chief Executive

Officer incorporate criteria related to

the Group’s climate objectives. The

Chief Executive Officer’s variable

compensation is therefore partly

dependent on meeting the objective

of reducing CO

2

emissions related

to energy production. In 2023,

this objective represents 10% of the

non-financial criteria of the annual

variable portion. In addition,

the Group’s performance shares

(long-term incentives) granted to

the Chief Executive Officer, all senior

executives and 5,000 employees

include climate criteria, with 10% of

those on CO

2

emissions related to

energy production and 5% related

to the percentage of renewables in

the Group’s electricity mix capacities.

TRAIN THE TEAMS

IN CLIMATE CHALLENGES

The Group believes that acculturation,

skills development and the commitment

of its employees are a powerful lever

to support the transformation of its

business. Thus, ENGIE decided to create

the Sustainability Academy in 2021.

Through in-house courses, the academy

aims to explain the Group’s strategy

in terms of environmental, social and

governance issues to give it meaning

and to explore its implementation

Emodules podcasts climate and

biodiversity fresks workshops

challenges around sustainability

or learning expeditions a number

of modules have been rolled out

In addition the Group offers all its

employees different training programs

Sustainable Business for All Energy

Revolution Toward Decarbonization

some of which dedicated to certain

activities Sustainability with my Clients

in the business development and

sales division

Moreover, after the first Graduate

Program “100% Renewable Energy”

launched in 2020, the Renewables

Academy was created in 2022 with

the aim of training and increasing

the skills of the Group’s employees

in the renewable energy businesses.

The expertise of ENGIE’s Board of

Directors is also a strong lever for the

success of ENGIE’s decarbonization

strategy and achievement of its climate

objectives. Over 2022, four information

meetings were delivered in relation

with CSR and non-financial reporting,

the energy transitions scenarios,

the critical impacts on its supply chain

and the global energy landscape.

ALIGN LOBBYING ACTIVITIES

WITH THE PARIS AGREEMENT

In accordance with its commitment to

fight climate change and accelerate the

transition to a carbon-neutral economy,

ENGIE is committed to ensuring

that its lobbying activities and sector

associations are aligned with the

objectives of the Paris Agreement

and the companys climate strategy

In 2021 ENGIE carried out a review

of its membership of professional and

industrial associations and conducted a

detailed evaluation of the alignment of

these associations with the objectives

of the Paris Agreement The evaluation

document is available on the Groups

website The evaluation will be updated

in the first half of 2023

MOBILIZE RESEARCH

ON DECARBONIZATION

Comprising more than 500 employees,

ENGIE’s Research and Innovation

division contributes through its actions

and initiatives to the operational

performance, the integration of

technologies, new solutions in strategic

areas and disruptive technology.

Its work is focused as a priority

on the zero-carbon transition with

solar and wind power and storage,

the decarbonization of urban heating

and cooling networks, the large-scale

underground storage of hydrogen

and the liquefaction of hydrogen.

The ENGIE Research and Innovation

entity also finances environmental

startups and develops a number of

academic partnerships. The Group has

notably focused on major partnerships

with the Alternative Energies and

Atomic Energy Commission CEA

in France electrolysis photo catalysis

biothemes and production of

renewable molecules with the National

Renewable Energy Laboratory NREL

in the United States wind power

geothermal energy and hydrogen and

finally with EnergyVille in Belgium

solar electroreduction in molecules

transmission and storage of electricity

2023 INTEGRATED REPORT - 77