98% Of Global Companies Making Progress Toward Stated Decarbonization Targets

ENGIE Impact’s 2023 Net Zero Report assesses current corporate response to climate change, identifies 12 major roadblocks to decarbonization and six key actions to accelerate progress to Net Zero.

NEW YORK CITY, NY – January 5, 2023 – ENGIE Impact, a leader in sustainability transformation solutions, today announced the release of its 2023 Net Zero Report. Titled “Six Actions to Accelerate Decarbonization,” the third annual report delves into corporate transformation readiness, challenges to implementation, and the major decarbonization roadblocks companies must overcome to reach Net Zero. Along with a summary of progress achieved, the report provides insights and strategies to accelerate decarbonization and increase return on investments by implementing an actionable roadmap.

ENGIE Impact’s study involved more than 500 senior executives from the world’s largest companies, each employing more than 10,000 people. Nearly two-thirds (62%) of those surveyed this year said they have now made some form of public commitment or target to address carbon emissions reduction within their organization. While this rising percentage represents progress, only 12% rate their sustainability efforts as “extremely successful,” and 75% say they have already achieved the “quick wins” in their decarbonization plan. Success will require more investment, strong leadership and sustained effort and commitment to reach decarbonization goals in time.

As a result of the collective experience of the 505 organizational leaders surveyed – and the combined expertise of ENGIE Impact’s global cadre of decarbonization experts who support more than 1,000 of the world’s largest companies across multiple sectors, industries, and regions – the report summarizes six key actions companies and executives can implement in order to understand the gaps to Net Zero targets, overcome barriers to implementation and accelerate decarbonization within their organization.

The six actions include:

1. Maintain long-term focus and belief
2. Establish governance and accountability
3. Close the implementation expectation gap
4. Increase executive accountability
5. Activate the right decarbonization enablers
6. Collaborate with the supply chains to address Scope 3 emissions
   
   

To read the complete ENGIE Impact 2023 Net Zero Report, please visit: engieimpact.com/insights/2023-net-zero-report

ENGIE Impact helps organizations bridge the gap between setting aspirational sustainability targets and taking real action to achieve decarbonization goals, and supports some of the world’s largest companies on their Net Zero journeys, among them Procter & Gamble, Netflix, Faurecia, and 25% of global Fortune 500 brands. Over the last six years, ENGIE Impact has helped its clients collectively save nearly $1 billion through reduced energy usage. At the same time, they reduced GHG emissions equivalent to that of nearly 900,000 passenger vehicles operated for a year.

###

About ENGIE Impact

ENGIE Impact partners with companies to accelerate decarbonization efforts worldwide. ENGIE Impact’s comprehensive engagement model goes beyond strategy to include data excellence and digital tools, project delivery expertise, and financing support. An authentic long-term partner, ENGIE Impact establishes credible paths to hit difficult carbon-reduction metrics while sharing commitments and accountability across portfolios. With 20 offices worldwide and headquarters in New York City, ENGIE Impact today has a portfolio of over 1,500 clients, including 25% of the Fortune 500 Companies. ENGIE Impact is part of the ENGIE Group, a global leader in the transition toward a carbon-neutral economy through reduced energy consumption and more environmentally friendly solutions.

About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 101,500 employees, our customers, partners, and stakeholders, we are committed to accelerating the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2021: 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

PRESS CONTACT
The Brand Amp
engieimpact@thebrandamp.com