Sustainability: TotalEnergies reports on the progress made in 2021

In connection with the publication of its “Sustainability & Climate – 2022 Progress Report”, TotalEnergies is presenting the advances made in its transformation strategy and an update of its climate ambition, in accordance with the commitment made by the Board of directors at its Annual Shareholders’ Meeting of May 25, 2021. 

In 2021, TotalEnergies deployed its transformation strategy

In 2020, TotalEnergies unveiled its transformation strategy to become a multi-energy company, as well as its ambition to become a major player in the energy transition, committed to getting to net zero by 2050, together with society. This ambition took shape in 2021 through very significant progress:

• TotalEnergies accelerated its development in renewables and electricity with more than 10 GW of gross installed capacity for renewable electricity generation and more than six million electricity customers at the end of 2021. Investments in renewables and electricity accounted for 25% of total investments, exceeding the initial target of 20% planned one year ago.
• Regarding gas, the energy of the transition, TotalEnergies’ liquefied natural gas (LNG) sales increased by 10% to reach 42 million tons, 99% of which went to countries with a net zero pledge.
• TotalEnergies took strong action in 2021 to lower its Scope 1, 2 and 3 greenhouse gas emissions: TotalEnergies reduced the share of petroleum products in its sales mix to 44% (from 65% in 2015), lowering the greenhouse gas emissions related to petroleum products used by its customers (Scope 3) by 19%.
• TotalEnergies also achieved a very significant 20% decrease in emissions from its operated facilities (Scope 1+2) compared to 2015 and a 14% reduction in the carbon footprint of the products sold in Europe (vs 2015).

Today, all of these results allow the Company to deliver energy to its customers with a more carbon intensity lifecycle reduced by more than 10% compared to 2015. 

TotalEnergies looks ahead to 2050

With a target of a 40% reduction in net Scope 1+2 emissions by 2030 compared to 2015, TotalEnergies is in line with the commitments made by countries with a net zero pledge by 2050, including the European Union with its “Fit for 55” package. TotalEnergies wants to go even further and is expanding its ambition with an ambitious new objective: TotalEnergies will reduce emissions related to sales of petroleum products (Scope 3 Oil) by more than 30% from 2015 level by 2030. The company is also expanding its ambition with targets to reduce methane emissions (50% from 2020 levels by 2025 and 80% from 2020 levels by 2030) to move towards zero methane. 

TotalEnergies releases its Universal Registration Document 2021

TotalEnergies also presented the Universal Registration Document of TotalEnergies for the year 2021, which was filed with the French Financial Markets Authority on March 25, 2022. The Document, which can be consulted and downloaded from the Company’s website in French or in English, includes the following documents: the 2021 annual financial report; the Board of Directors’ report on corporate governance required under Article L.225-37 of the French Commercial Code; the description of the share buy-back program; the report on the payments made to governments required under Article L. 22-10-37 of the French Commercial Code; and the reports from the statutory auditors.