What Is the Lifecycle Carbon Intensity of Energy Products Sold?

This indicator measures the average GHG emissions of the energy products used by the Company's customers, over their entire life cycle (i.e. Scope 1+2+3), from production to final use (consumption of a product, e.g. fuel), including distribution per unit of energy. Logically, the higher the emissions, the higher the carbon intensity of a product's life cycle.

The Company reduces the intensity of its products through several actions:

• By developing projects with low greenhouse gas emissions, such as the Marsa LNG project in Oman. It's proof that we can produce LNG while considerably reducing emissions: all-electric and powered by a solar farm, this plant will emit less than 3 kg CO₂ e/boe*.
• By reducing the emissions generated by our existing operations, in particular through an energy efficiency plan. By 2024, more than 170 projects have been implemented and will be completed by 2025, reducing emissions from these sites by more than 2 Mt CO₂ e/year.
• By substituting gas for the fuel oil used in some cases. This solution is used in particular for maritime transport.
• By developing renewable energy projects worldwide. The growing share of these projects is helping to reduce the carbon intensity of our overall portfolio. The growth in our electricity sales enables us to aim for a 25% reduction in the lifecycle carbon intensitys of our sales by 2030, compared with 2015.
• By developing low-carbon molecule projects. Among other things, we produce Sustainable Aviation Fuel to decarbonize aviation.
• By offsetting our emissions through carbon sinks such as capture and storage projects like Northern Lights. The second phase of this project has just been launched, with the aim of storing up to 5 million tonnes of CO₂ per year.

These actions enable us to effectively reduce our greenhouse gas emissions, and we make them available to our customers as a partner in their carbon neutrality.

*Versus 35 kg CO₂ e/boe for the average LNG plant.