TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has released its long-awaited Sustainability & Climate – 2024 Progress Report, fulfilling its commitment to transparency and accountability laid out by the Board of Directors back in 2020.
Continued Strategic Advancements
The comprehensive report outlines the company’s strategic endeavors and accomplishments in 2023 towards its 2030 goals. TotalEnergies remains steadfast in its multi-energy strategy, balancing profitability with sustainable development, with a focus on oil & gas and renewable electricity, the cornerstone of the energy transition.
Significant Emissions Reductions
In the realm of Oil & Gas, TotalEnergies showcases its dedication to responsible production. Achievements in emissions reductions include a notable 34% decrease in Scope 1+2 emissions from operated oil & gas facilities compared to 2015. Additionally, the company has lowered its emission intensity to 18 kg CO2e/boe and achieved a remarkable 47% reduction in methane emissions on operated facilities in 2023 versus 2020.
Contributions to Renewable Energy
Recognizing the importance of renewable energy, TotalEnergies has invested over $5 billion in low-carbon energies in 2023, primarily in electricity. This investment not only aims to foster profitability but also to reduce the carbon footprint resulting from energy product usage. The company reports a 13% decrease in the lifecycle carbon intensity of energy products sold to customers in 2023 compared to 2015, aligning with its objective of a 25% reduction by 2030.
Commitment to Sustainability
TotalEnergies reiterates its commitment to the energy transition, with a firm pledge to carbon neutrality by 2050. The launch of Care Together underscores the company’s dedication to social responsibility, ensuring high standards across its global workforce.
Shareholder Consultation and Transparency
The Sustainability & Climate – 2024 Progress Report will be presented for a consultative vote at the Annual Shareholders’ Meeting on May 24, 2024. Shareholders will have the opportunity to engage with the report, reflecting TotalEnergies’ commitment to transparency and stakeholder involvement.
To provide stakeholders with deeper insights, TotalEnergies will host thematic workshops on March 21, 2024. These sessions will feature concrete examples of the company’s transition strategy implementation, showcasing its progress in climate and sustainability efforts.
Source：businesswire.com
