Engie

"Engie has set a net zero target for 2045, aiming to achieve net zero CO2 emissions throughout its entire value chain (scope 1, 2 and 3). Net Zero Tracker
This goal is in line with a well-below 2°C trajectory, certified by the Science Based Target initiative (SBTi) in February 2023. Net Zero Tracker
An interesting aspect of Engie's environmental policy is its commitment to engage suppliers on a larger scale, as the procurement of goods and services accounts for 13% of its total footprint. Net Zero Tracker
The company has set an objective of having all preferred suppliers with Science …"

Current Score (vs. LY)

61.3 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #34

CAC40: #13

Utilities: #1

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 29,832,10235,846,79938,600,000
Scope 2 - location-based 751,8621,903,9342,300,000
Scope 2 - market-based NANANA
Scope 1-2 - location-based 30,583,96437,750,73340,900,000
Scope 1-2 - market-based NA NA NA
Scope 3 143,799,199121,806,153134,000,000
Total - location-based 174,383,163159,556,886174,900,000
Total - market-based NA NA NA

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 482,791,007297,636,259
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Engie belongs to the sector Utilities.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 90.0 2017 2045


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2045


Science-based Targets (SBTI)

Date Published / Updated :01/03/2023

Near-term Long-Term Net Zero Standard
Targets Set : Well-below 2°C by 2030 No target Yes
Engie is a member of the Business Ambition for 1.5 campaign (link here )

ENGIE commits to reduce scope 1 and 2 GHG emissions 55% per MWh of electricity and heat generated by 2030 from a 2017 base year. ENGIE also commits to reduce scope 1 and scope 3 GHG emissions from fuel and energy related activities and investments covering all sold electricity and heat 56% per MWh within the same timeframe. ENGIE further commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy related activities, and use of sold product emissions of gas distribution by 32.5% within the same timeframe.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Engie by zerotracker.net: April 6, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Other conditions
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (unspecified)

Additional notes: At the same time, it plans to work on the development of carbon sinks in order to neutralize its residual emissions over the long term and thus contribute at the right level to planetary carbon neutrality. https://www.engie.com/sites/default/files/assets/documents/2023-03/ENGIE_RI23_VA_VDEF.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 21.5 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 7.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 1.6666666666666663 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 3.661047742342297 10.0 -
7 Targets are science-based as validated by SBTi 7.5 10.0 -
Commitments 19.827714409008962 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 20.0 30.0 -
Total 61.3 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2045 0.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2045 0.8 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2045 0.8 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 3.7
3.7 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 16.1
Actual (in %): 36.7
5.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %): 3.7
Actual (in %): 5.9
5.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.5°C 10.0 / 10.0 -
Total 61.3 / 100.0 -


Available Data Sources

Reporting Year 2022 2021 2021 2021 2020 2019
Source Public Public Yourstake Wikirate (NV) Wikirate (NV) Wikirate (NV)
Publication Year 2023 2023 2022 2022 2021 2021
Scope 1 29,832,102 35,846,799 37 37,500,000 38,600,000 46,200,000
Scope 2 - location-based 751,862 1,903,934 NA 1,900,000 2,300,000 2,500,000
Scope 2 - market-based NA NA 1 NA NA NA
Scope 1-2 - location-based 30,583,964 37,750,733 37 39,400,000 40,900,000 48,700,000
Scope 1-2 - market-based NA NA 38 NA NA NA
Scope 3 143,799,199 121,806,153 126 126,900,000 134,000,000 133,600,000
Total - location-based 174,383,163 159,556,886 163 166,300,000 174,900,000 182,300,000
Total - market-based NA NA 164 NA NA NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email