INTEGRATED REPORT 2023

Investment spending dedicated to renewable gas

Investment spending dedicated to renewable gas

In an overall context of accelerating transformation, GRTgaz needs to adapt its business model to respond to environmental, technological and societal challenges. GRTgaz’s commitments relating to the development of renewable gas are reflected in its redeployment of resources for projects linked to the energy transition and environment. They rely on innovation in all business activities and practices, employing experimentation, research and development.

They are a testament to the transformation of the company’s economic model, with a growing share of resources dedicated to building a model in the long term based on renewable gas, fully compatible with carbon neutrality, while preserving the value creation of the company over time.

According to this trend, 17.8% of investment spending (Capex) in 2023 were dedicated to renewable gas and the carbon trajectory.

OUR RESULTS

KPI REFERENCE 2024 TARGET 2030 TARGET 2022 RESULTS 2023 TARGET 2023 RESULTS
Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

REFERENCE

11%

in 2020

Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

2024 TARGET

20%

in 2024

Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

2030 TARGET

ND

Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

2022 RESULTS

16.7%

Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

2023 TARGET

17%

Share (in %) of investment spending (Capex) dedicated to renewable gas and the carbon trajectory

2023 RESULTS

17.8% 50