Centrica

Centrica has a "Net Zero" ambition in 2040 for its operations and 2050 for its customers, with limited recourse to offsetting (10% maximum) and a commitment not to invest in the exploration of new gas fields. The company refers to 1.5°C-aligned scenarios but states that its decarbonization trajectories, not certified by an external third party, are WB2°C in the medium term (2032 for emissions from its operations and 2030 for those of its customers) and even well above WB2°C before 2032 for emissions from its operations. Similarly, emissions increase in 2024 compared to 2023, and no specific reduction targets are communicated in the short term (before 2030). In the medium term, the group is aiming for -50% GHG emissions in absolute terms for its operations (2032) and -28% in intensity for its customers (2030). The action plan is detailed on emissions related to operations and those of customers, but lacks precise figures, particularly on the part related to operations. Finally, Centrica plans 50% of "green" investments by 2028, without giving enough details on the nature and allocation of these investments. Variable remuneration includes a climate criterion, but it is not weighted at all and the extent of which is not detailed.