Engaging ENGIE on its transition strategy: a briefing for climate-conscious investors

The document argues that ENGIE's transition strategy is incompatible with a 1.5°C scenario due to its continued investment in gas power and lack of transparency in its decarbonization plans.

• ENGIE is a major emitter in Europe, ranking first in gas power related emissions in 2021, and is currently planning over 4.5 GW of additional gas power plant capacity.
• While ENGIE has reduced 60% of its coal capacity through sales, a significant portion of the remaining 40% reduction since 2016 involves conversions to biomass or fossil gas.
• ENGIE's transition strategy is deemed incomplete and incompatible with a 1.5°C scenario, as the company only commits to a "well below 2°C" world and relies on a vaguely defined gas decarbonization plan for 2045.

APA

Martin, L. (2023). Engaging ENGIE on its transition strategy: a briefing for climate-conscious investors. Reclaim Finance. https://reclaimfinance.org/site/en/2023/02/07/engaging-engie-on-its-transition-strategy-a-briefing-for-climate-conscious-investors/

Chicago

Martin, Léo. Engaging ENGIE on its transition strategy: a briefing for climate-conscious investors. Reclaim Finance, 2023. https://reclaimfinance.org/site/en/2023/02/07/engaging-engie-on-its-transition-strategy-a-briefing-for-climate-conscious-investors/.

Wikipedia

{{cite report |last1=Martin |first1=Léo |title=Engaging ENGIE on its transition strategy: a briefing for climate-conscious investors |publisher=Reclaim Finance |date=7 February 2023 |url=https://reclaimfinance.org/site/en/2023/02/07/engaging-engie-on-its-transition-strategy-a-briefing-for-climate-conscious-investors/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{martin2023engaging, author = {Martin, Léo}, title = {{Engaging ENGIE on its transition strategy: a briefing for climate-conscious investors}}, institution = {Reclaim Finance}, year = {2023}, month = feb, url = {https://reclaimfinance.org/site/en/2023/02/07/engaging-engie-on-its-transition-strategy-a-briefing-for-climate-conscious-investors/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }