Our Ambition

TotalEnergies’s Ambition in Terms of Sustainable Development and Energy Transition Towards Carbon Neutrality, Together with Society

TotalEnergies reaffirms its ambition to achieve carbon neutrality, together with Society, in the service of which it is steadfastly pursuing its balanced, value-creating transition strategy, based on two pillars: Oil & Gas and Integrated Power.

TotalEnergies’ Climate Ambition

TotalEnergies supports the Paris Agreement, with its call to reduce greenhouse gas emissions in the context of sustainable development and poverty eradication, and its overarching goals to limit planetary warming to well below 2°C by 2100 compared with pre‑industrial levels.

A massive transformation of the world’s energy systems is needed to achieve the Paris goals. The dual challenge of “more affordable energy for all and less carbon emissions” is a challenge for society as a whole, where governments, investors, companies and consumers all have important roles to play.

A transition strategy to support our ambition

As part of this Ambition, the Company has defined and consistently implemented a balanced transition strategy based on two pillars:

  • An Oil & Gas pillar centered on low cost and low emission projects.
  • An Integrated Power pillar, comprising renewable and flexible assets designed to provide its customers with low-carbon, reliable electricity.

This transition strategy supports TotalEnergies' ambition for carbon neutrality, together with society, within the framework set out by the Paris Agreement’s objectives.

Find out more about our strategy

Ten years after the Paris Agreement: Confronting Net Zero ambitions to realities

While the Company's transition strategy is based on solid market fundamentals and will be consistently pursued, the Company notes that the context in which its Ambition was adopted has evolved.

Our societies and economies have initiated an energy transition but the global economy is not yet achieving the pace of change required to meet the Paris Agreement objectives. Given the inertia of the global energy system, scientists and experts, including the IEA, believe that the goal of limiting global warming to 1.5 °C above pre-industrial levels is now out of reach.

The pathways to our carbon neutrality ambition together with society will need to be reassessed and adapted

We acknowledge that our ability to achieve carbon neutrality is linked to our own efforts and to society’s broader progress in this area.

Therefore:

  • TotalEnergies aims to achieve carbon neutrality for its global operated emissions (scope 1+2) by 2050.
  • The Company works proactively with its customers to help execute their own energy transition strategies and puts on the market a mix of energies with a lower carbon intensity year after year.

Our ability to do so depends critically on the pace and affordability of technical innovation, on public policies and on consumers' behavior. This is what is encapsulated in “together with society”. Without the right policies and enough cost-efficient innovation, carbon neutrality by 2050 will remain out of reach – for society and for TotalEnergies. As a result of these dependencies, the pathways to our carbon neutrality ambition will need to be reassessed and adapted over time.