Total will propose to shareholders changing its name to TotalEnergies

[Patrick Pouyanné, Chairman and CEO of Total]

My dear colleagues,

I want to talk to you today because yesterday our Board of Directors took a historic decision — to change the name of our Group.

In December 2015, the Paris Agreement woke people up to the climate issue. By calling for worldwide carbon neutrality in the second half of the century, it set a demanding but unquestionable target for taking up this challenge that we all have to face.

Because of our activities, our Group, us, the men and women of Total, stand at the heart of this issue.

Total has always supported the objectives of the Paris Agreement, which is why we started a significant move towards new energies in 2016, so that we could continue to fulfil our mission to provide more affordable, more reliable and cleaner energy, in the best way.

More energy and fewer emissions. This is the twofold challenge that the world, and more particularly the energy sector, has to face, and that we at Total intend to meet.

Last May we announced our ambition to get to net zero carbon emissions across all our activities by 2050, together with society.

The climate ambition demands a major change in the Group, which we presented in September, and we will have to go through a genuine transformation. The 2020-2030 decade will see that happen, as we become a broad energy company. We will dramatically increase the production and sale of renewable electricity. We will also continue to develop the production of gas and renewable gas. And at the same time, we will begin the journey to less oil.

We will have to achieve this while continuing to improve the economic and environmental performance of our oil and gas business lines, of which we are proud, because the world needs them, and providing new low carbon solutions, reducing our own emissions, and working with our customers to help them adapt their consumption of energy products, and hence also reduce their carbon emissions.

This is a major movement, a transformation to become the responsible energy company, which puts Sustainability, and sustainable development, at the heart of its strategy.

The Board of Directors wanted to root this transformation in our identity.

So yesterday it took the decision to propose to the shareholders at the Annual Meeting on May 28, a resolution to change the Group’s name. This is a historic step. If the resolution is passed, that day Total will become TotalEnergies.

TotalEnergies in one word.

The choice of TotalEnergies naturally includes a nod to our past, that we are proud of, and to what we are now, without which we would not be able to prepare the future.

A new name is a new commitment. It explicitly states what we want to be: a leader in a world with more energies and fewer emissions. The company of responsible energies.

TotalEnergies says that we are serious about becoming a broad energy group, but also expresses the energies of our teams and our full commitment to the climate issue, which is immense, but vital for humanity.

This new identity, this new name, voices the dynamic we have collectively and resolutely launched, as well as the enthusiasm that inspired us to take this course.

It is based on our values and our history, and it shows our stakeholders the path we are taking.

I have no doubt that TotalEnergies will be the emblematic brand of our ambition and the banner under which we achieve our future successes.