TotalEnergies Publishes its Sustainability & Climate – 2024 Progress Report, which will be Submitted to a Consultative Vote at the 2024 Annual Shareholders’ Meeting
21 3월 2024 - 12:13AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) publishes its
Sustainability & Climate – 2024 Progress Report, as pledged by
the Board of Directors since 2020.
This report gives an account of the implementation the Company's
strategy and the progress made in 2023 with regard to the
objectives for 2030, notably its achievements in terms of emissions
reductions and its contribution to a just, orderly and equitable
energy transition for all its stakeholders.
TotalEnergies thus reaffirms the relevance of its balanced
multi-energy strategy combining profitable growth and sustainable
development, anchored on two pillars: oil & gas, notably LNG,
and electricity, notably renewable, the energy at the heart of the
transition. In 2023, like in 2022, TotalEnergies was the most
profitable major, with a return on capital employed of 19%, while
also being the major that invests the most in the energy
transition.
In Oil & Gas, thanks to having refocused its portfolio on
assets and projects with low breakeven and low greenhouse gas
emissions, TotalEnergies intends to produce oil & gas in a
responsible manner, as illustrated by its 2023 achievements in
emissions reductions:
- 34% reduction in Scope 1+2 emissions from operated oil &
gas facilities compared to 2015,
- decrease, to 18 kg CO2e/boe, of the Scope 1+2 emission
intensity of upstream oil & gas activities on an equity
basis,
- 47% reduction in methane emissions on operated facilities in
2023 vs 2020, already among the lowest in the peer group. In order
to concretely transcribe its ambition to aim for zero methane
emissions, TotalEnergies extends its objective to reduce its
methane intensity to <0.1% by 2030 to the entirety of its
operated upstream oil & gas facilities – not just its gas
facilities.
In gas, energy of the transition which complements the
intermittency of renewable energies in electricity generation and
represents a virtuous alternative for countries burning coal for
their power generation needs, the Company estimates that its LNG
sales contributed to avoiding about 70 Mt of CO2e emissions
worldwide in 2023.
In electricity, TotalEnergies invested more than $5 billion in
2023 in low-carbon energies, essentially in electricity,
contributing to building a profitable and differentiated Integrated
Power business, which will both become a cash engine for the
Company and reduce the emissions resulting from the use of energy
products sold to its clients: the lifecycle carbon intensity of
energy products sold by TotalEnergies to its customers for final
use was 13% lower in 2023 compared to 2015, and is on track to meet
the objective of -25% by 2030.
Thanks to these achievements, TotalEnergies confirms its
ambition to become a major player in the energy transition,
committed to carbon neutrality in 2050, together with society.
Moreover, with the launch of Care Together by TotalEnergies, the
Company increases its commitments in terms of social
responsibility. In addition to commitments specific to each
affiliate, TotalEnergies guarantees compliance with high social
standards for all its employees worldwide, regardless of the
legislation in force in any given country. This program is based on
concrete measures revolving around four pillars: social protection,
health, the family sphere and working conditions.
TotalEnergies will submit the Sustainability & Climate –
2024 Progress Report to a consultative vote at the Annual
Shareholders’ Meeting on May 24, 2024
In accordance with the resolution approved by shareholders in
May 2023 concerning TotalEnergies' ambition with respect to
sustainable development and energy transition toward carbon
neutrality, the Board of Directors is committed to report on the
progress made in implementing the ambition to the Shareholders’
Meeting. The board will submit the Sustainability & Climate –
2024 Progress Report to a consultative vote of shareholders at the
meeting of May 24, 2024.
The report will be presented during an afternoon of thematic
workshops on March 21, 2024
On March 21, 2024, TotalEnergies will present concrete examples
of the implementation of its balanced transition strategy during an
afternoon of thematic workshops, as part of the rollout of its
Sustainability & Climate – 2024 Progress Report.
Following the presentation of TotalEnergies’ results and outlook
in relation to its Climate ambition by Aurélien Hamelle, President
Strategy & Sustainability, thematic presentations will
concretely illustrate the progress of the Company regarding climate
and sustainability.
- Scope 1&2 - Responsibly producing oil & gas on our
E&P assets, by Arnaud Le Foll, Senior Vice-President New
Business – Carbon Neutrality, Exploration & Production,
- Scope 1&2 - Slashing down emissions in our refineries by
Jean-Marc Durand, Senior Vice-President Refining & Base
Chemicals Europe, Refining & Chemicals,
- Customers - Supporting our customers in their decarbonization
journey, by Christophe Sassolas, Senior Vice-President OneB2B,
- People - Caring for our Employees around the world, by Namita
Shah, President OneTech and People & Social Engagement, and
Pierre Bang, Senior Vice-President People & Social
Engagement,
- Our sustainable transition – Uganda zoom, by Mike Sangster,
Senior Vice-President Africa, Exploration & Production, and
Jean-Philippe Torres, Senior Vice-President Africa, Marketing &
Services.
The event will be webcast live on totalenergies.com from 2:00 pm
(Paris time). Presentation material will be available on the
website.
***
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and
accessible to as many people as possible. Active in nearly 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
@TotalEnergies TotalEnergies TotalEnergies
TotalEnergies
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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TotalEnergies (NYSE:TTE)
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TotalEnergies (NYSE:TTE)
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