ENGIE: an incomplete and unaligned climate plan

Reclaim Finance criticizes ENGIE's climate plan for lacking transparency and containing inconsistencies, specifically regarding its reliance on shale gas and the absence of granular investment data. The organization advocates for a shareholder resolution to implement regular consultative votes on the plan's content and implementation to ensure alignment with climate goals.

• ENGIE's climate plan aims for carbon neutrality by 2045 based on a 1.7°C warming trajectory, but Reclaim Finance asserts the plan is incomplete and fails to align with a 1.5°C limit.
• The company lacks transparency in its financial and operational reporting, providing unquantified charts for its 2025 and 2030 electricity mix and failing to provide granularity by energy type for its 2023-2025 growth investments of 22 to 25 billion euros.
• ENGIE's strategy contains contradictions, as it plans to build 1.2 GW of new gas-fired power plants and has signed long-term contracts for U.S. shale gas running until 2042, despite a target of 100% green gas by 2045.
• Significant gaps exist in ENGIE's emissions reporting and targets, including the exclusion of upstream emissions from electricity purchase for resale from SBTi certified targets and a lack of emission reduction targets for 2025.
• ENGIE's previous coal phase-out efforts before 2022 relied on asset sales for more than half of the reductions, and the company is still considering the sale of its stake in the Safi coal plant in Morocco.

APA

admin (2023). ENGIE: an incomplete and unaligned climate plan. Reclaim Finance. https://reclaimfinance.org/site/en/2023/04/19/engie-an-incomplete-and-unaligned-climate-plan/

Chicago

admin. ENGIE: an incomplete and unaligned climate plan. Reclaim Finance, 2023. https://reclaimfinance.org/site/en/2023/04/19/engie-an-incomplete-and-unaligned-climate-plan/.

Wikipedia

{{cite press release |last1=admin |title=ENGIE: an incomplete and unaligned climate plan |publisher=Reclaim Finance |date=19 April 2023 |url=https://reclaimfinance.org/site/en/2023/04/19/engie-an-incomplete-and-unaligned-climate-plan/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2023engie, author = {admin}, title = {{ENGIE: an incomplete and unaligned climate plan}}, publisher = {Reclaim Finance}, year = {2023}, month = apr, url = {https://reclaimfinance.org/site/en/2023/04/19/engie-an-incomplete-and-unaligned-climate-plan/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }