Our sustainability approach
A process of continous improvement linked to the sustainable development goals
In 2015, the United Nations and its member States adopted the 17 Sustainable Development Goals (SDGs), which define a framework for the years to 2030 for addressing the global issues of poverty, protection of the planet, peace and prosperity. On the strength of their financial resources and capacity for innovation, businesses are called to contribute in furthering that agenda as a means of collectively addressing the challenges of sustainable development.
TotalEnergies pledged in 2016 its support to contribute to the achievement of the SDGs, and has designed its sustainability framework so as to make a genuinely significant contribution to that joint effort. TotalEnergies therefore considers the SDGs as an opportunity to better measure and assess its contribution to society as a whole. With the intend to focus its efforts on the segments where it is most legitimate as an integrated multi-energy company, TotalEnergies has identified the SDGs on which it can have the greatest impact, in accordance with its raison d’être and its ambition to reach carbon neutrality (net zero emissions) by 2050. In addition, TotalEnergies intends to conduct its activities with respect for the environment and human rights, while creating value for the regions and communities with which it interacts.
The Company has therefore built its sustainability approach on four areas of action:
- the integration of climate into its strategy, because energy production and consumption are intrinsically linked to the challenge of climate change. As an actor of the energy transition, TotalEnergies is transforming itself into a multi-energy company, aiding society’s efforts to build a carbon-neutral future by acting on its emissions, on its products and on demand and all while promoting the development of carbon sinks;
- preservation of the environment, because the Company’s management of its operations depends on its ability to access selected natural resources, but also because TotalEnergies’ activities can both have an impact on the environment and ecosystems and help preserve the most sensitive areas. This is the reason why TotalEnergies has adopted in 2020 a new biodiversity ambition so as to contribute to the protection of the nature on which humanity depends;
- respect and mobilization of employees and suppliers, because with over 100,000 employees and a network of more than 100,000 suppliers, TotalEnergies can play an influential role across its value chain with the aim to promote respect for dignity and human rights for all;
- contribution to economic development in its host regions, because the Company’s businesses generate wealth. It must be shared over time with the Company’s stakeholders and help fight inequality.
A sustainability strategy in motion
In 2017, the Global Compact appointed TotalEnergies’ Chairman and Chief Executive Officer as an SDG Pioneer in recognition of the commitments made by the Company for driving partnerships and investing in low carbon energies.
TotalEnergies actively works on each of its sustainability pillars in order to make its development a vehicle of progress that benefits as many people as possible and to be a factor of positive change for the societies and regions where it is present.
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The transition to a low-carbon energy system requires a collective effort: cooperation between companies and investors, coordinated government incentives and changing practices by civic-minded consumers.
TotalEnergies abides by the principles of the United Nations Global Compact. It is also committed to respecting internationally recognized human rights and standards, wherever the Company operates, particularly the Universal Declaration of Human Rights, the Fundamental Conventions of the International Labour Organization (ILO), the UN Guiding Principles on Business and Human Rights, the OECD guidelines for multinational enterprises and the Voluntary Principles on Security and Human Rights (VPSHR).
Transparency, a principle of action
The Company believes that transparency is an essential factor in building a trust-based relationship with its stakeholders and enables a path of continuous improvement. Pending the adoption of an international, standardized non-financial reporting framework, TotalEnergies is making every effort to report its performance on the basis of the various commonly used ESG reporting frameworks.
As such, TotalEnergies refers to the Global Reporting Initiative (GRI) standards and those of the Sustainability Accounting Standards Board (SASB), for which detailed tables of correspondence are available. TotalEnergies’s reporting includes the World Economic Forum’s core indicators(1). It also follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) for its climate reporting.
TotalEnergies is also willing to bring to all of its stakeholders the needed performance indicators.
TotalEnergies’ sustainability approach is recognized: in 2020, the Company was once again confirmed as a LEAD Company by the United Nations Global Compact for its full commitment to sustainable development.
TotalEnergies has been included continuously on the FTSE4Good index (London Stock Exchange) since 2001 and on the Dow Jones Sustainability World Index (DJSI – New York Stock Exchange) since 2004. TotalEnergies has been listed on DJSI Europe every year since 2005, except in 2015. For its business entities listed on the EcoVadis platform, in 2020 TotalEnergies received Platinum status for TotalEnergies, Gold status for four entities (TotalEnergies Marketing & Services, TotalEnergies Raffinage Chimie, Saft Groupe and Greenflex) and Silver status for TotalEnergies Gas & Power Limited. In 2019, TotalEnergies received a score of A- on the CDP Climate Change questionnaire and a score of A- on the Water questionnaire.
(1) Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation, white paper, September 2020.