French multinational electric utility company ENGIE is the only energy firm that has been selected by the European Commission to participate in the European Union Green Consumption Pledge pilot initiative.
As part of the initiative, participating companies are asked to make voluntary commitments to reduce their consumption and reduce carbon emissions of their operations, clients, customers and service territories.
ENGIE together with sports goods retailer Decathlon, Danish toy production company Lego and French personal care company L’Oreal have pledged to:
- To increase their renewable energy portfolio from 31% in 2020 to 58% in 2030. The companies have agreed to increase their investments in renewable energy projects to deploy an additional 3GW of capacity in 2021 and 4GW per annum as from 2022 and 6GW per annum as from 2026. This will enable the companies to completely retire from coal energy generation by 2025.
- The companies will serve 300,000 clients with renewable energy generated directly from domestic producers or guarantee that the electricity is renewably produced using green certificates by the end of 2024.
- Provide their customers with additional means to help them reduce energy consumption. ENGIE will be rewarding its customers who manage to reduce their energy usage.
- To report on progress in achieving these objectives and meeting integrated report commitments.
Sébastien Arbola, ENGIE executive vice president in charge of thermal generation, hydrogen and energy supply, said: “Our clients are central to the energy transition. By adapting their energy consumption, they all contribute, in their own way, to fighting global warming. ENGIE’s ambition is to support them throughout this transition, with a personalised approach that provides appropriate solutions to each of their needs.”
The commitments made are separate from the ones the four companies had previously made to meet their corporate or national sustainability goals. For instance, in France alone, ENGIE is still committed to offering its clients an energy mix comprising over 70% of renewable energy, and to providing carbon-free energy supply and consumption control solutions for its individual clients. ENGIE seeks to achieving net zero carbon by 2045.