ENGIE IS COMMITTED TO ACHIEVING

NET ZERO CARBON IN 2045 BY

FOLLOWING A WELL-BELOW 2°C

TRAJECTORY CERTIFIED IN

FEBRUARY 2023 BY SBTI, THANKS

TO 4 OPERATIONAL LEVERS.

This commitment materializes first

and foremost through a strategy to

reduce its direct (scope 1) and indirect

(scopes 2 and 3) greenhouse gas

emissions. A GHG (Greenhouse Gas)

steering governance has been put in

place and budgets have been allocated

to each of the business lines for the

conduct of their operations as well as

their investments (see page 75 of the

integrated report – appendix TCFD ) .

The Group's Net Zero commitment will

lead to a reduction of at least 90% of

greenhouse gas emissions between

2017 and 2045. Regarding the 10% of

residual emissions, ENGIE intends to

minimize the volume, and is working

in parallel to the definition of its

neutralization strategy by increasing

carbon sinks. The priority remains for

the Group to focus its efforts on actions

to reduce its emissions.

The Group bases its strategy between

now and 2030 on four operational

levers:

• 1. coal phase out;

• 2. development of renewable

energies;

• 3. reduction and greening of the

volumes of gas consumed and sold;

• 4. energy storage (details on page

32-33 of the integrated report).

The combination of these levers should

enable the greening of the energy

mix while correcting the effects of

intermittency inherent to renewable

energies through flexibility solutions

such as energy storage.

The use of our thermal power plants

will progressively evolve so that

they are mainly mobilized to meet

peak demand.

To date, 99% of the Group's emissions

are covered by a decarbonization

objective by 2030 , either within

the framework of the well-below 2°C

certification, or within the framework

of objectives for which the Group had

already voluntarily subscribed publicly.

As part of the SBTI certification process

(2°C in 2020 and well-below 2°C

since February 2023), the Group's

decarbonization objectives have

not been structured by scopes 1,2,3

but by type of activity (eg: energy

production and consumption, gas sales

or electricity sales, etc.) expressed

in absolute value or in intensity

(g CO

2

eq./kWh).

The graph below reconciles the

approach by scope and by activity

and thus makes it possible to visualize

the portion of the carbon footprint

covered by each 2030 decarbonization

objective.

Figures in Mt CO

2

eq

The Group also has a 2030 Net Zero objective on its ways of working IT business travel employee commuting building consumption which represents 015

of the carbon footprint in 2022

Coverage of the 6 objectives

on the 2022 carbon footprint

Absolute CO

2

contraction

objectives (Mt CO

2

eq.)

Carbon intensity reduction objectives

(g CO

2

eq./kWh)

TOTAL

COVERAGE

Scope 3

-20%

since 2017

174.3 Mt CO

2

eq.

Footprint

2022

8.3

0.5

08

17

S c o p e 1 S c o p e 2 S c o p e 1 S c o p e 1 S c o p e 1 1 2 3.3 A+B 3.1 3.2 S c o p e 31 5 S c o p e 31 5 S c o p e 33D S c o p e 3.1 1 S c o p e 3 u p s t r e a m + d o w n s t r e a m

Other Investments

Procurement &

capital goods

Upstream emissions of

purchased fuel & electricity

Use of sold products

(fuel sales)

Generation of purchased

energy sold to end users

Investments energy

generation of equities

Purchased electricity

heat

Energy generation

Gas infrastructures

Methane emissions

Energy

generation

Use of sold products

(fuel sales)

Other, including scope 3

procurement, capital goods

and upstream fuel & elec

Carbon intensity of

energy generation

consumption

Carbon intensity of

energy generated

purchased for resale

02

15.7

61.3

263

316

279

99%

Scope 12

60

since 2017

Other

incl vehicle

fleet

2023 INTEGRATED REPORT - 81

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