What drives us: the ENGIE Group’s Purpose
The Group’s Purpose statement and its inclusion in the Company’s Bylaws (Article 2) were approved by the shareholders of ENGIE S/A in May 2020. The ENGIE Purpose Statement is a co-creation, the fruit of a robust consultations process involving employees, customers, partners and shareholders, in addition to representatives from organized society.
ENGIE’s purpose (“raison d’être”) is to act to accelerate the transition to a carbon-neutral society by means of reduced energy consumption and more environmentally friendly solutions. The purpose unites the company, its customers and its shareholders and reconciles economic performance and a positive impact on people and the planet. ENGIE’s actions must be evaluated in-toto over time.
The ENGIE Group’s non-financial objectives
The Purpose statement reflects particularly on the new concrete Socio-Environmental responsibility objectives as announced by the Group early this year:
- Greenhouse gas emissions from electric energy generation must be reduced from 149 Mt in 2016 to 43 Mt by 2030 (given 80 Mt in 2019);
- As concerns gender diversity, the share of women in the Group’s management must increase from an approximate 23% in 2016 to 50% by 2030 (24% in 2019);
- The share of renewable energy in the production capacity mix must reach 58% by 2030, from 20% in 2016 (28% in 2019).