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05/05/2020 News

Total adopts a new climate ambition to get to net zero by 2050

Supporting EU’s carbon neutrality target, Total commits to become a Net Zero Emission
Company for all its European Businesses by 2050

Paris – Total announces today its ambition to get to net-zero emissions by 2050 together with society for its global business across its production and energy products used by its customers.

Through a joint statement developed between Total S.A. and institutional investors – as participants in the global investor initiative Climate 100+1 – Total takes 3 major steps towards achieving this ambition:

Three major steps to get Total to Net Zero:

1. Net Zero across Total’s worldwide operations by 2050 or sooner (scope 1+2)

2. Net Zero across all its production and energy products used by its customers in Europe2  by 2050 or sooner (scope 1+2+3)

3. 60% or more reduction in the average carbon intensity of energy products used worldwide by Total customers by 2050 (less than 27.5 gCO2/MJ) - with intermediate steps of 15% by 2030 and 35% by 2040 (scope 1 + 2 + 3)

1 According to Total evaluation, participants to Climate Action 100+ own more than 25% of Total’s shares.
2 Europe means the EU + Norway + UK