In line with its transformation strategy (coal removal, renewable energy deployment, energy services development), ENGIE has been studying since 2015 how to make its GHG emissions evolution compatible with the Paris agreement.
Isabelle Kocher announced at COP23 a development of the company aligned on trajectory compatible with the Paris Agreement
By developing a low carbon energy mix and through its energy efficiency activities, the Group has put energy transition and the fight against climate change at the heart of its strategic focus. ENGIE is further increasing its decarbonisation efforts: the emission rate at the end of 2017 was 363g CO2eq/kWh, down -7% compared to 2016, and -18.1%compared to 2012 - almost reaching its 2020 target of -20%. The Group's absolute direct CO2eq emissions fell by more than 30 million tons in one year, from 120.5 to 89.2 million tons, a 26% reduction.
This excellent result reflects the Group's desire to follow an emission trajectory compatible with the Paris Agreement's objective of not exceeding +2°C by 2050.
The 2 ° C trajectory announced by ENGIE covers:
- the very substantial reduction of our direct emissions by 85% by 2050,
- the use and sale of green gas as a substitute for imported natural gas.
Science Based Targets (SBT) is an international expert initiative that assesses whether an economic player's greenhouse gas emissions are compatible with a 2 ° C trajectory.
ENGIE exchanges with the SBT teams, particularly on certain methodological aspects that still need to be clarified, in particular for the energy sector.
In 2017, for the second consecutive year, ENGIE joins the "A list" of the British rating agency CDP (former Carbon Disclosure Project) which distinguishes the leading companies for their strategy and their actions in the fight against climate change. The inclusion of ENGIE in the "A list" acknowledges the Group's commitments in the fight against climate change. The publication of CDP reports on climate change and the list of companies recognized as leaders in their strategy and actions in this area are highly followed indicators by investors and analysts. In 15 years, CDP has become the global reference in terms of communication and benchmarking of large companies on their greenhouse gas emissions and their performance in the fight against climate change.
The response to the CDP questionnaire available on the CDP website presents in detail the company's governance and strategy in the fight against climate change. It also describes the risks and opportunities for the company, the actions taken to reduce its emissions and help our customers reduce their emissions.
A source of greenhouse gas emissions is related to the fugitive CH4 direct emissions from natural gas infrastructures that lead to commitments, policies, objectives and action plans from the managers of these gas infrastructures.