Iberdrola shares nearly doubled. Let me now turn to our ESG performance. modifier - modifier le code - modifier Wikidata. I was wondering whether you could just remind us where youre still using coal in district heating and what the options are there, whether youre planning on investing and converting those units to cleaner fuels? Before I say more on this, let me review the groups overall 2020 performance. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. I mentioned earlier two things actually. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. And to this end, Im very pleased to announce our next event on the 18th of May, where Judith and I will cover both our Q1 results and provide you with a medium-term strategic plan and guidance. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. Katherine MacGregor (born Dorlee Deane McGregor; January 12, 1925 - November 13, 2018) was an American actress, best known for her role as Harriet Oleson in Little House on the Prairie. We announced last December that EVBox would be listed on the New York Stock Exchange. Elle est alors nomme prsidente New Ventures de TechnipFMC. Sure. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. So this is becoming real. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). This was notably due to the discounting of liabilities related to hydro concessions in Brazil that are indexed to inflation and which increased significantly in 2020. Some others, there is still a good portion of assumption that there might be a stranded asset. I think we are now about time, so I would like to thank you for your attention. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Thanks, everyone, for your welcome message and very much look forward Judith and I very much look forward to meeting you, extending with you in the future and again, very, very excited about turning those tailwinds that ENGIE has had into reality. Employee consultation on the proposed organization design started this month as planned, and we expect it to conclude by the end of the second quarter. organisation Harnessing 35 years of expertise to power the future of Energy and Water with data-driven solutions. Our group remains committed to Belgium and to contributing to the countrys security of supply. And so were excited about this transaction. On the other hand, we, obviously, want stability in a power system. Thank you for giving us our voices back with the amazing Diversity, Equity and Inclusion policies at ENGIE . So hopefully, this helps. But just one observation is a key part of success, I think, for some of your peers has been laying out quite detailed guidance over a 3-year period. Overall, we currently estimate a potential net impact at the group COI and net recurring income group share level of between 80 million to 120 million. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. So thank you very much, and bye-bye. I think there was another question, which was related to the calendar. Firstly, Id like to share everyones sentiments in wishing Catherine well in her role. If we basically look at simplification, we could cut it in two parts, what I would call transactional simplification, disposals buyout of minorities on maybe organizational simplification. For example, we signed several corporate PPAs with Amazon for a 650-megawatt global portfolio of wind and solar projects across the U.S., Italy and France. Now the 2021 guidance. Why the effort to reorganize this entity given the strategic review regarding a potential disposal? Yes, two topics that you were talking about, Peter. And what is your philosophy there? , Dear Catherine, So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. Catherine MacGregor is currently Chief Executive Officer and Director at Engie - View - Engie org chart Create your alert to follow the career of Catherine MacGregor. I have a couple of questions, 1 for Catherine and 1 for Judith. It seems to be the trend last few questions. You can store it. Welcome to the sector, indeed. 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The key here is really to give that business its own industrial project, its own identity. Catherine Fiamma MacGregor is an Influencer, https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future, https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. And it would be helpful if you could highlight for us any meaningful one-offs embedded in the 2020 results, whether positive or negative that we should bear in mind as we build our bridge to 2021? Catherine MacGregor - Chief . Precisamos de 20.000 apoios para que a ideia se transforme em lei. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. Its a geography refocus. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. A short stay for a rich experience and deep learning. Today, I am very pleased to announce a commitment to exit all coal assets in Europe by 2025 and globally by 2027, in line with our purpose to drive carbon neutrality. So in terms of creating an entity as part of our strategic review of Client Solutions, one of the things that is important to understand about this business is that it has grown within ENGIE as a series of acquisition and local development and so today, dont quite belong into a coherent entity and is not led as an independent or well-defined part of ENGIE. This button displays the currently selected search type. In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . Thank you Renata Spada for being yourself and authentic. commentary and analysis you can trust. Stay informed and spot emerging risks and opportunities with independent global reporting, expert This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Next, a few words on the bridge from EBITDA to net recurring income group share. On the following slide, Ill share our 2021 expectations for each business line. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. Its two and probably a little bit more early. And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. Because there was a time when that business was making around 600 million of COI. Hopefully you can also take this into account? Thank you very much, Aarti, and good morning, everyone. Estabelece ainda cotas 50+ proporcionais a populao para preenchimento de vagas no setor pblico. If you have an ad-blocker enabled you may be blocked from proceeding. Okay. Please disable your ad-blocker and refresh. And weve made some moves last year, and we will continue to do that. And this is something, obviously, that we are going to continue and push. At the event, we were pleased to highlight how #Masdar is working with our partners in Azerbaijan to develop world-class clean energy projects like the 230 MW Garadagh Solar PV Plant, with further agreements to develop up to 10GW of clean energy capacity across #onshorewind, #offshorewind, #solar, and #greenhydrogen projects. #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. analyse how our Sites are used. And so our whole plan that weve announced today, and obviously, very pleased to have made this announcement today, includes for each of these networks solution to convert the coal to other source of feedstock. Even if you ten-double the installations of these sources, the 40% remains. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. You mentioned diversity of vast diversity of business line, et cetera. So all of the work that we started last year and that we are doing as part of this consultation is to bring these activities into a coherent entity, and this is really happening now with a commonality in terms of mtier, activity type, expertise, purpose and also industrial project. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Thats what Id like to understand because we need to consider whats the dilution of as well the midterm period, not only 2021. Then potentially collaborate/partner with us for less than EUR 10 m in costs, together solving the crucially important 40% of the hours of the month. H2, Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). I think these are really, really good questions. An example of the latter is the continued rollout of smart meters, where we installed an additional two million smart meters in France last year. Ses parents, d'origine corse et basque[1], sont professeurs. [indiscernible] Sam, for putting more pressure on us. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. But is it bad? The first one is on strategy. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. We will now take our next question from Peter Bisztyga with Bank of America. Great post Catherine Fiamma MacGregor! These headwinds were partly offset by the outperformance of GEM activities on the back of market volatility. Overall, we have 100 cooling networks with a total installed capacity of 6.1 gigawatts and 300 heating networks of various sizes that distribute 19 terawatt hours yearly. With respect to the recent extreme weather events in Texas, we are assessing the situation. These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. We also invested in #RenewableEnergy with the acquisition of 6 GW of solar and storage capacity projects in the US and signed an MOU to develop 3 GW of #wind power in Egypt. As we are reminded by extreme events, such as the recent ones in Texas, it is critically important that decarbonization of the energy mix is both reliable and affordable. This very unusual year translated into a mixed set of numbers. But let me reassure you, there are several processes that have been launched, and so were confident that we can move at speed to really help simplify the group through the disposals. We have also good fleet in Middle East and also Latin America. So I would like to hear your opinion, how maybe your story might be slightly different from electric renewables players, how we maybe think about the gas network as a funding option for the renewables growth. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. Sign up for more in-depth articles and insights. Her vision on ENGIEs transformation and development, her industrial and international track record as well as her leadership and managerial skills will fully contribute to the achievement of the strategic orientations announced at the end of July, the companys statement reads. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. directrice gnrale d'un groupe industriel nergtique; 25 ans de services, Vincent Collen, David Barroux et Julie Chauveau, , Dcret du 31 dcembre 2020 portant promotion et nomination dans l'ordre national de la Lgion d'honneur, https://fr.wikipedia.org/w/index.php?title=Catherine_MacGregor&oldid=201657000, Portail:Biographie/Articles lis/Sciences, Portail:Biographie/Articles lis/Entreprises, licence Creative Commons attribution, partage dans les mmes conditions, comment citer les auteurs et mentionner la licence. MacGregor, an engineer . A graduate of the Paris cole Centrale (CentraleSuplec), Catherine MacGregor has spent her entire professional career working in the energy sector, including 23 years with Schlumberger, the world's leading supplier of technologies for characterizing, drilling, producing and processing reservoirs for the oil and gas sector. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. #beyou #beunique #beunited ENGIE Africa From 2013 to 2016, she also served as President Europe & Africa at Schlumberger, before being promoted in 2017 to President of the Drilling business, while based in London.