ENGIE - FRAMEWORK

The 2024 version represents a significant expansion and restructuring of ENGIE's Green Financing Framework compared to the 2023 version. The newer document shifts from a narrow Second Party Opinion format to a comprehensive framework document that integrates ENGIE's broader corporate sustainability strategy, including the company's formal Purpose Statement (Raison d'être), climate objectives, CSR strategy, and UN Sustainable Development Goals alignment. The framework is now presented as a standalone comprehensive document rather than an assessment opinion, with substantially expanded sections on governance, climate strategy, materiality analysis, and external certifications.

• expanded Document Structure and Scope — Shifted from a Moody's Second Party Opinion assessment to a comprehensive Green Financing Framework document integrating corporate sustainability strategy, climate objectives, CSR strategy, materiality analysis, and UN SDG alignment.
• expanded Climate Target — Framework now explicitly references ENGIE's formal Purpose Statement (Raison d'être) approved by shareholders in May 2020, establishing commitment to accelerate transition towards carbon neutral economy with reduced energy consumption.
• expanded Use of Proceeds — Expanded from five eligible green categories to a more detailed framework covering four core business lines: Renewables, Networks (including renewable gases), Energy Solutions, and FlexGen & Retail, with more granular descriptions of eligible project types.
• modified Standards Alignment — Framework expanded from alignment with only ICMA GBP 2021 and LMA/APLMA/LSTA GLP 2023 to include integration of UN Sustainable Development Goals and reference to ENGIE's CSR Strategy and materiality analysis.
• expanded Governance — Added dedicated CSR Governance section and formalized Process of Evaluation and Selection of Projects, Management of Proceeds, and Reporting procedures as core framework components.
• expanded Reporting — Framework now includes Environmental Impact Indicators table in appendix and formalized reporting requirements as a key framework pillar alongside external review and amendment procedures.
• expanded Sustainability Strategy Integration — Added comprehensive sections on ENGIE's materiality analysis, CSR Strategy with clear objectives, market recognitions and commitments, and climate strategy overview with specific action plans.