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Climate Action 100+ flagged resolutions: Engie SA (ENGI.PA): Annual General Meeting – Thursday 21 April 2022

14.04.22

Engie SA — MN to vote AGAINST two management proposals on accountancy grounds: Financial Statements and Reports and Consolidated Financial Statements.

• Engie’s 2021 Financial statements contain no disclosure in line with their net zero commitment. Besides, Engie does not have targets that are in line 1.5 degrees.
• MN will be voting as follows at the 2022 AGM, with the stated rationale: Financial Statements: Against: We cannot support approval of Engie’s financial statements, as per the 1^st and 2^nd resolutions, where there remain questions as to how it aligns with their net zero commitment, and where they fail to provide the requested visibility for a 1.5C pathway.

See investor statement from MN (in Dutch) here with full details here, and access supporting assessment from Carbon Tracker Initiative here.

Download the full memo below.

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