TotalEnergies Publishes Sustainability & Climate Progress Report, Strengthens Emissions Targets
Why we think this is neutral
This is a general update on TotalEnergies' sustainability and climate progress, rather than a specific news category like results, trading update, or major transaction. While the company is reporting progress on emissions reductions and strengthening its targets, the information does not appear to have a significant immediate impact on the company's financial performance or outlook.
Key Points
- TotalEnergies sees the rewards of its integrated multi-energy strategy in 2024, being the most profitable major with a 14.8% ROACE while investing the most in the energy transition
- Scope 1+2 emissions from operated oil & gas facilities down 36% vs 2015, methane emissions down 55% vs 2020
- Lifecycle carbon intensity of energy products sold down 16.5% vs 2015, exceeding initial 14% target
- Further strengthens 2025 emissions reduction targets, including new -60% methane emissions target
Summary
TotalEnergies publishes its Sustainability & Climate - 2025 Progress Report, highlighting its achievements in emissions reductions and further strengthening its 2025 targets. The company reports progress in lowering Scope 1+2 emissions, methane emissions, and the lifecycle carbon intensity of its energy products. TotalEnergies is now the major oil and gas company most committed to the energy transition, with close to $5 billion invested in low-carbon energies in 2024.