Total adopts a new climate ambition to get to net zero by 2050
OGCI member company Total announced 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.
It outlined three major steps to get Total to net zero:
- Net zero across Total’s worldwide operations by 2050 or sooner (scope 1+2)
- Net zero across all its production and energy products used by its customers in Europe (the EU, Norway and UK) by 2050 or sooner (scope 1+2+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)
This ambition is supported by the strategy to develop Total as a broad-energy company, with oil and gas, low-carbon electricity and carbon-neutrality solutions as integrated parts of its business. Total firmly believes this low-carbon strategy provides a competitive advantage which creates long term value for its shareholders.
Total was the first oil major to integrate the Paris climate goals into its strategy in 2016.