The major energy player, Total, recently announced its ambition to achieve net-zero emissions by 2050. In fact, the company plans to improve its products and develop new low-carbon businesses.
In order to further achieve its goal and reach net-zero, Total takes 3 major steps:
- Net Zero across Total’s worldwide operations by 2050 or sooner.
- Net Zero across all its production and energy products used by its customers in Europe by 2050 or sooner.
- 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.
For the records, this strategy is already in action since 2015, as Total is the leading major in terms of reduction of its scope 3 average carbon intensity with a 6% reduction already achieved since 2015.
In light of the situation, Patrick Pouyanné, Chairman of the Board said:
The Board believes that Total’s global roadmap, strategy and actions set out a path that is consistent with goals of the Paris agreement. We acknowledge the positive role of engagement and open dialog with investors as the one we experienced with Climate 100+ along the last months.
With Europe setting the target to achieve net zero emissions by 2050, Total goals all of its business across EU to become neutral, while it will collaborate with other major businesses to boost decarbonization of energy use.
Overall, speaking of decarbonization, Shell also reported its aim to tackle climate change, by focusing on limiting the global temperature rise to 1.5° Celsius. Namely, the oil major published its detailed steps to become a net-zero emissions energy business until 2050.
