ADDENDUM TO THE 2023 CLIMATE NOTEBOOK
Prior to its General Assembly of April 26, 2023, ENGIE has prepared this addendum to its climate
notebook-TCFD report. The purpose of this document is to provide further insight into the Group's
climate strategy in response to certain requests from its stakeholders.
The ENGIE Group is committed to be
Net Zero Carbon by 2045 on its
3 scopes, following a well-below 2°C
2030 trajectory, certified by SBTi since
February 2023. To do this, the Group has
set public objectives which cover 99% of
its carbon footprint (scopes 1,2 and 3).
Concretely, the Group, which had
already withdrawn from exploration-
production activities for years,
has officially stated its worldwide
coal phase out in 2027. To reach
Net Zero, the Group shall gradually
transform its energy production
model by investing massively in the
production of renewable electricity.
These technologies may be subject to
intermittency issues, that is why they
require flexibility solutions such as
the storage of energy in the form of
electrons or in the form of gas. In the
short and medium term, the latter has
the ability to be stored and distributed
on demand and is an essential element
of the resilience of energy systems,
particularly in periods of peak demand.
The Group plans to gradually green this
gas by replacing it with the sustainable
alternatives of biomethane and green
hydrogen.
To lead this major transformation,
the Group has set growth investment
objectives of €22 to €25 billion for the
next 3 years, of which 75% are aligned
with the European taxonomy.
Scope 3 Upstream
26 Mt Purchased energy sold
to end users
8 Mt Procurement capital goods
16 Mt Upstream chain of fuel
electricity
Scope 2
08 Mt Purchased electricity
heat
Scope 1
28 Mt Energy generation
2 Mt Gas infrastructures
02 Mt Other activities
incl vehicle fleet
Scope 3 Downstream
61 Mt Use of sold products
fuel sales
32 Mt Investments incl energy
generation of equities
Decarbonization of clients
10 Mt Renewable energy gas generation
9 Mt Resales of renewable energy gas
5 Mt Decentralized energy utilities
5 Mt Energy certificates carbon credits
AVOIDED EMISSIONS
5 Mt
10 Mt
9 Mt
5 Mt
28 Mt
Co
2
eq.
ENGIEs carbon footprint on its 3 scopes 12 and 3 amounts to 174 Mt CO
2
eq in 2022 This balance sheet has been reduced
by 86 Mt CO
2
eq since 2017 ie a 33 decrease
ENGIE HAS A QUANTIFIED AND CERTIFIED CARBON FOOTPRINT, OF WHICH EMISSIONS RELATED TO ENERGY
PRODUCTION ACTIVITIES AND THE SALES OF GAS, ELECTRICITY AND HEAT REPRESENT MORE THAN 80%.
S
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174 Mt
Co
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eq.
93 Mt
61 Mt
32 Mt
26 Mt
8 Mt
16 Mt
50 Mt
30 Mt
28 Mt
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0.2 Mt
2 Mt
80 - CLIMATE NOTEBOOK
