Engie

Engie reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 29,800 Kt (-6,000 /-16.8% y-o-y). Also positively, carbon intensity decreased to 301 t (-221 /-42.3% y-o-y).

Engie's Scope 3 emissions rose to 143,700 Kt (+16,800/+13% y-o-y). The time series has been volatile over the last few periods.

The company is committed to achieving net zero for all Scopes by 2045, which translates into the estimated reduction of -7,543 Kt per annum over the period of FY2023 - FY2045. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Engie also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. 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.