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Concept
Engie
Summary
Engie SA is a French multinational utility company, with its headquarters in La Défense, Courbevoie, which operates in the fields of electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. It is active in both upstream (engineering, purchasing, operation, maintenance) and downstream (waste management, dismantling) activities.
Engie supplies electricity in 27 countries in Europe and 48 countries worldwide. The company, formed on 22 July 2008, by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. As of 2018, Engie employed 158,505 people worldwide with revenues of €60.6 billion.
Engie is listed on the Euronext exchanges in Paris and Brussels and is a constituent of the CAC 40 index. Engie was headed from 2016 to 2020 by Isabelle Kocher, who strongly transformed the company, notably by deciding to exit coal activities and by investing in renewable energy and energy transition services. Despite the company's commitment to diversification, the majority of its primary activities still revolve around fossil fuels.
Prior to the GDF Suez merger plans in 2006, the company existed as two separate French multinational corporations Suez S.A. and Gaz de France.
Suez was (and still remains, through GDF Suez) one of the oldest continuously existing multinational corporations in the world as the result of nearly two centuries of reorganisation and corporate mergers. One line of corporate history dates back to the 1822 founded Algemeene Nederlandsche Maatschappij ter begunstiging van de volksvlijt (literally: General Dutch Company for the favouring of industry) by King William I of the Netherlands (see Société Générale de Belgique). The origin of its name 'Suez' traces back to its other founding entity – the Compagnie universelle du canal maritime de Suez founded in 1858 to build the Suez Canal. Suez S.A. was the result of a 1997 merger between the Compagnie de Suez and Lyonnaise des Eaux.
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