Supporting the goal of the European Union (EU) to become carbon neutral, TOTAL is committed to achieving net zero emissions by 2050, together with the society, across global production activities and energy products used by its customers.
Supporting the goal of the European Union (EU) to become carbon neutral, TOTAL is committed to achieving net zero emissions by 2050, together with the society, across global production activities and energy products used by its customers.
TOTAL announced in its announcement the goal of achieving net zero emissions by 2050 with the society across global production activities and energy products used by its customers.
With a joint statement between TOTAL SA and corporate investors who are participants of the Global Investor Initiative 100+ 1, TOTAL takes three major steps to achieve this goal.
Three important steps to achieve TOTAL's Net Zero Emission target:
- Net Zero Emission (Scope 2050 + 1) up to 2 or earlier across TOTAL's worldwide operations
- Net Zero Emission (Scope 2050 + 1 + 2) up to 3 or earlier across all energy products used by all production activities and customers in Europe
- 2050 percent or more reduction in the average carbon density of energy products used by TOTAL customers around the world by 60 (below 27,5 gCO2 / MJ); interim targets 2030 percent by 15 and 2040 percent reduction by 35 (scope 1 + 2 + 3)
This goal is supported by the strategy of making TOTAL a comprehensive energy company with oil and natural gas, low carbon electricity and carbon neutral solutions as an integrated part of its activities. TOTAL believes that this low-carbon strategy provides a competitive edge that creates long-term value for its shareholders.
TOTAL, one of the leading actors in reducing Scope 2015 average carbon intensity, with a 6 percent reduction implemented since 3 and now achieved, is now among the major actors with the goal of reducing Scope 3 average carbon intensity below 2050 GCO27,5 / MJ by 2. became the company that set the highest target in this regard.
"The energy markets are changing due to climate change, technology and social expectations," said Patrick Pouyanné, Chairman of the Board. TOTAL is committed to achieving more energy with less emissions. We are determined to increase shareholder value while making progress in the energy transition process. Today, with the society, we are announcing the achievement of net zero emissions by 2050 as our new Climate Target. The Board of Directors believes that TOTAL's global roadmap, strategy and actions are consistent with the goals of the Paris agreement. As with Climate Action 100+, we accept that interaction and transparent dialogue with investors play a positive role.
We know that the trust of our shareholders and the wider community is essential for TOTAL to remain an attractive and reliable long-term investment, and we can only play an effective role in reaching a low-carbon future by remaining a world-class investment. That's why our employees are on the move to identify opportunities to reduce our emissions, improve our products and develop new low-carbon activities. ”
Regarding its commitment to become a net zero emissions power company in Europe, Pouyanné said: “The EU has set its goal of reaching net zero emissions by 2050, zamTOTAL is committed to being neutral in all of its operations in Europe, as it paves the way for it to become carbon neutral immediately. By choosing to be a European company, we want to be an exemplary corporate citizen in Europe and actively support the EU to achieve its target of net zero emissions by 2050. TOTAL, we collaborate with other companies to decarbonize energy use. We reaffirm our target of 2025 GW of gross renewable energy capacity by 25 and continue to expand our activities to become a leading international player in the field of renewable energies. We currently allocate more than 10 percent of our capital investments to low-carbon electricity, and this is the highest rate among the major players. In order to actively contribute to the energy transition, we will increase our capital investments in low carbon electricity to 2030 percent by 20 or before. "
Total Turkey Marketing, a subsidiary of TOTAL group, continues its efforts for reliable and clean energy with the responsibility of being a responsible energy company. Emre Şanda, General Manager of Total Turkey Marketing, said: “As Total Turkey Marketing, our low-emission LowSAPS engine oils and FE (Fuel Economy) fuel economy engine oils that reduce greenhouse gas emissions, evaluate and reduce the traces we leave in the environment and increase energy efficiency. We contribute with. Our engine oils cause less air pollution compared to similar competitive products. Our products also contribute to the environment by increasing fuel efficiency. This also reduces the fossil fuel consumption and carbon footprint of the vehicles. ”
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