NEW YORK, June 30, 2020 – ENGIE Impact, the solutions and services company that’s accelerating sustainability transformation worldwide, has expanded its offerings to the Asia-Pacific region, where the company will help businesses, cities and governments develop sustainability strategies and implement solutions to drive economic and environmental benefits. There is an urgent worldwide call for action to address climate change, and ENGIE Impact is growing to meet the increased demand for its solutions and services to accelerate sustainability transformation. ENGIE Impact supports over 25% of the Fortune 500 with 20 offices worldwide and more than 2,000 employees. Asia is growing at a more rapid rate than other regions, and the time is now to course-correct the regional trajectory and lock a more sustainable pathway.
Leading the Asia-Pacific strategy and team is Managing Director Malavika Jain Bambawale, who brings 20 years of experience from the sustainability industry. Before joining ENGIE Impact, Malavika was focused on sustainability strategy consulting for multilateral organizations, governments and the private sector on climate resilience, economic development and clean energy deployment.
“Many Asian countries are highly focused on reaching the peak of their economic progress and sustainability does not always naturally rise to the top of the agenda for all stakeholders,” said Bambawale. “But sustainability and decarbonization is no longer a trade-off decision, it is an imperative that, if well planned, can help us save costs and unlock new pools of value in the future.”
Stakeholders across the board are demanding more action against climate change from companies and local governments. The volume and intensity of corporate climate commitments is soaring, as more corporations actively work to address climate challenge. According to ENGIE Impact’s analysis of the CDP data, there is a three-fold increase in the average size of annual carbon reduction targets companies are setting, and the time horizon to achieve those targets is shrinking. From 2005 to 2017, the average time to meet goals dropped from 26 years to just eight years.
But achieving results is difficult – in Asia, for example, organizations are facing the challenge of developing scalable sustainability roadmaps, effective green energy strategies, and now, determining coronavirus recovery efforts. ENGIE Impact analysis also shows that 74% of companies in the Asia-Pacific area have sustainability commitments yet only 36% of these companies are on track to meet their goals. ENGIE Impact’s extension into the region will offer support to these corporations to help plan, strategize and execute their sustainability goals.
"ENGIE Impact serves clients with locations around the world, so having deep, in-region expertise of the Asia-Pacific is critical to our ability to enable sustainability transformation to leading organizations,” said Mathias Lelievre, CEO, ENGIE Impact. “We see tremendous innovation coming from Asian cities and businesses and are excited to support embedding sustainability and resiliency into their core strategy. I’m confident in our local teams expertise and dedication to this mission, led by Malavika, to deliver on the sustainability ambitions for our clients.”
About ENGIE Impact
ENGIE Impact delivers sustainability solutions and services to corporations, cities and governments across the globe. ENGIE Impact brings together a wide range of strategic and technical capabilities, to provide a comprehensive offer to support clients in tackling their complex sustainability challenges from strategy to execution. With 21 offices worldwide and headquarters in New York City, ENGIE Impact today has a portfolio of 1,000 clients, including 25% of the Fortune 500 Companies, across more than 1,000,000 sites.
ENGIE Impact is part of the ENGIE Group, a global leader in the zero-carbon transition.
Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.
Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).