ENGIE : un plan climat lacunaire et non aligné
Summary
Reclaim Finance criticizes ENGIE's climate plan, noting it targets a 1.7 °C warming trajectory rather than 1.5 °C and lacks granular data on CAPEX and energy mix. The organization highlights contradictions, such as ENGIE's continued plans for 1.2 GW of new gas plants and long-term contracts for US shale gas, while calling for investor support of a resolution to implement 'Say on Climate' consultations.
Key insights
- ENGIE's primary climate objective is to achieve carbon neutrality by 2045, following a warming trajectory of 1.7 °C, which Reclaim Finance notes does not align with the 1.5 °C limit.
- The company's climate plan is described as incomplete due to a lack of granular transparency regarding its energy mix for 2025 and 2030, the absence of reduction targets for 2025, and a failure to disclose the scientific reference scenario used for its goals.
- Reclaim Finance identifies significant inconsistencies in ENGIE's strategy, specifically its plan to build 1.2 GW of new gas power plants and its recent signing of long-term LNG contracts for US shale gas, despite an ambition for 100% green gas by 2045.
- There are gaps in emissions reporting; specifically, upstream emissions from electricity purchased for resale—which accounted for 15% of total emissions in 2022—are not included in SBTi-certified targets or absolute 2030 objectives.
- Sixteen investors have proposed a resolution to establish a consultative shareholder vote every three years on the climate plan and annually on its implementation, alongside a request for the publication of key performance indicators.
Cite the original document
- APA
- admin (2023). ENGIE : un plan climat lacunaire et non aligné. Reclaim Finance. https://reclaimfinance.org/site/2023/04/19/engie-un-plan-climat-lacunaire-et-non-aligne/
- Chicago
- admin. ENGIE : un plan climat lacunaire et non aligné. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/04/19/engie-un-plan-climat-lacunaire-et-non-aligne/.
- Wikipedia
- {{cite press release |last1=admin |title=ENGIE : un plan climat lacunaire et non aligné |publisher=Reclaim Finance |date=19 April 2023 |url=https://reclaimfinance.org/site/2023/04/19/engie-un-plan-climat-lacunaire-et-non-aligne/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin2023engie, author = {admin}, title = {{ENGIE : un plan climat lacunaire et non aligné}}, publisher = {Reclaim Finance}, year = {2023}, month = apr, url = {https://reclaimfinance.org/site/2023/04/19/engie-un-plan-climat-lacunaire-et-non-aligne/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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