ENGIE offers products and services that allow its clients to reduce their carbon footprint. Today, carbon performance has an economic and environmental value, and this initiative aims to quantify it objectively. To this end, the Group has developed a methodology based on its experience in the decarbonisation of its clients, both public and private. This tool complements and goes beyond the concept of carbon footprint. ENGIE’s aim is for this metric to be directly usable by the widest possible range of players. By providing quality information, it will help to boost the emerging decarbonisation market. By clearly demonstrating the creation of economic and environmental value, it will be a factor in increasing investment and innovation.
To meet this need, ENGIE has identified six major guiding principles for such a measurement system and has produced a detailed guide. The Group – supported by experts from the business world and civil society, such as SUEZ, Entreprises pour l’Environnement (EpE), the Solar Impulse Foundation, the World Business Council for Sustainable Development (WBCSD) – is now sharing this tool in the public domain so that it can serve as a starting point for a future international standard, intended to become the common measurement system for decarbonisation.
“With this jointly-developed tool, we are laying the foundation for a common measurement system that will, I hope, become a cross-sectoral and international standard. We are now calling on other companies and organisations that share our conviction to join this initiative. In 2020, ENGIE already contributed to avoiding the emission of around 20 million tons of CO2 through the application of its main decarbonisation products and solutions,” said Cécile Prévieu, ENGIE’s Executive Vice President in charge of client solutions.
To build on this initial work with experience from other industries and civil society, ENGIE is inviting all interested companies and organisations to join this initiative. A working group, named “Climate Value Accounting for products, technologies and services” co-founded by ENGIE, is being set up within the WBCSD to broaden and scale up the initiative through a collaborative approach within different sectors.