TIDMTTA
In its fourth Integrating Climate Into Our Strategy report,
released today, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) reviews the
30 most significant industry associations of which it is a member
to verify that their stances on climate issues are aligned with the
Group's, based on six criteria in particular:
- The scientific position: Total considers the link between
human activity and climate change is an established fact.
- The Paris Agreement: Total recognizes that the Paris Agreement
is a major advance in the fight against climate change and supports
the initiatives of the implementing States to fulfill its aims.
- Carbon pricing: Total believes that it is necessary to
implement carbon pricing to encourage energy efficiency, support
low-carbon technology and develop carbon sinks, all critical to
achieve carbon neutrality.
- The role of natural gas: Total considers that natural gas is a
key component in the energy transition, specifically as an
alternative to coal. The Group supports policies to reduce methane
emissions from natural gas production and consumption and, in
particular, campaigns to reduce the use of flaring (such as the
World Bank's Zero Routine Flaring by 2030 Initiative).
- Development of renewable energies: Total supports policies,
initiatives and technologies to promote growth in renewable
energies. The Group also supports the development of sustainable
biofuels.
- Development of Carbon Capture, Utilization and Storage (CCUS):
Total supports the development of CCUS, which is critical to
achieve carbon neutrality by the second half of the century, the
aim of the Paris Agreement.
Following the review, Total has chosen not to renew its
membership in American Fuel & Petrochemical Manufacturers. The
Group is, however, maintaining its affiliation with three other
associations (the American Chemistry Council, the American
Petroleum Institute and the Canadian Association of Petroleum
Producers), identified as "partially aligned," to advocate
internally for changes in their positions. Total would reconsider
its memberships in the event of lasting divergences.
"Consumers and civil society have high expectations concerning
climate issues. I believe that transparency and trust among all
stakeholders are needed to together address the challenge of
climate change,"commented Patrick Pouyanné, Chairman and CEO of
Total."With that in mind, our policy regarding industry
associations demonstrates our consistency and credibility.
Transparency will strengthen the action of businesses, which are
key participants in discussions on how to achieve the objectives of
the Paris Agreement."
Total's membership in industry associations is framed by its
Ethics Lobbying Charter, available on www.total.com.
About the Fourth Integrating Climate Into Our Strategy
Report
Total's ambition is to become the responsible energy major, to
provide as many people as possible with energy that is cleaner,
more reliable and more affordable.
Each year since 2016, Total has published a stakeholder report
entitled Integrating Climate Into Our Strategy. The report explains
how Total's strategy factors in climate issues to reconcile two of
the main UN Sustainable Development Goals: universal access to
energy and fighting climate change.
In the 2019 report, Total's initiatives and commitments are
organized around four strategic areas:
- Natural gas: Expand our presence across the entire natural gas
chain, reduce our methane emissions and make LNG more energy
efficient.
- Low-carbon electricity: Expand our operations in the
non-regulated portion of the value chain (i.e., excluding power
transmission), from power generation using renewables or natural
gas to sales to end customers and energy storage (batteries and
hydrogen).
- Petroleum products: Avoid expensive oil, reduce emissions at
our facilities, and promote both sparing oil use and sustainable
biofuels.
- Carbon neutrality: Develop businesses that will help achieve
carbon neutrality through providing energy efficiency services to
our customers and by investing in natural carbon sinks such as
forests and wetlands, and in carbon capture, utilization and
storage (CCUS).
A review of actions and progress compared to the 2018 report is
provided for each of these.
As part of its continuous improvement process, Total discloses
its results and describes its methodologies. The Group relies on
best reporting practices that make it easier for stakeholders to
assess its performance. The report includes data on Total's
greenhouse gas emissions since 2015, among other indicators. In
2018, greenhouse gas emissions relating to Total-operated oil and
gas facilities1 amounted to 42 million metric tons of carbon
dioxide equivalent.
Read the Integrating Climate Into Our Strategy report on Total's
website.
***
About Total:Total is a major energy player that produces and
markets fuels, natural gas and low-carbon electricity. Our 100,000
employees are committed to better energy that is safer, more
affordable, cleaner and accessible to as many people as possible.
Active in more than 130 countries, our ambition is to become the
responsible energy major.
Total Contacts:Media Relations: +33 1 47 44 46 99 l
presse@total.com l @TotalPressInvestor Relations: +44 (0)207 719
7962 l ir@total.com
Cautionary note:This press release, from which no legal
consequences may be drawn, is for information purposes only. The
entities in which TOTAL S.A. directly or indirectly owns
investments are separate legal entities. TOTAL S.A. has no
liability for their acts or omissions. In this document, the terms
"Total", "Total Group" and Group are sometimes used for
convenience. Likewise, the words "we", "us" and "our" may also be
used to refer to subsidiaries in general or to those who work for
them. 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 TOTAL S.A. 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.
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1 Scope 1 (direct greenhouse gas emissions) and Scope 2
(indirect emissions resulting from purchased energy).
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191107006222/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 08, 2019 02:30 ET (07:30 GMT)
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