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GETTING to NET ZERO September 2020 Contents GETTING TO NET ZERO September 2020 Contents 01 Foreword by Patrick Pouyanné, 18 46 Chairman and Chief Executive Officer, Total Acting on emissions Shaping tomorrow’s 19 Energy efficiency energy 21 Target of zero routine 47 08 Interview with Marie-Christine OGCI: Oil and Gas flaring by 2030 Coisne-Roquette, Lead Companies pool their efforts Foreword by Independent Director at Total 22 Controlling methane 49 O n the front lines Patrick Pouyanné, emissions on carbon pricing Chairman and Chief 50 Industr y associations: reviewing to work better Executive Officer, Total 09 25 together Net Zero by 2050 Acting on products 10 Our Ambition 26 Natural gas, biogas 15 Scope 3: new objectives and hydrogen: allies of the energy transition 17 An indicator to measure product carbon intensity 29 Electricity: building 53 a world leader Appendices 32 Decarbonizing and saving liquid energies TOGETHER, 34 Acting on demand 35 Mobility, transportation, GETTING TO NET ZERO SEPTEMBER 2020 LET’S SPEED UP industry: promoting less carbon-intensive energy 40 THE ENERGY Investing in carbon sinks 41 De veloping carbon sinks TRANSITION 44 Mobilizing R&D for the energy transition TO CREATE A CARBON-NEUTRAL SOCIETY BY 2050 01 Total took a major step forward in 2020 in its response to “It’s our job to meet growing the climate challenge by setting energy needs while reducing a new ambition to get to net zero emissions for its global business carbon emissions.” by 2050, together with society. In this way, Total intends to contribute to the Paris Agreement’s carbon neutrality objective for the second half of the century. The global energy mix will change Government incentives will play To get there, the Group has defined in the drive towards a carbon-neutral a critical role in supporting these % a number of interim milestones society. The International Energy efforts. Whenever a region of - 60 that are described in this report. Agency’s Sustainable Development the world embarks on the path Ambition for Obviously, emissions from our Scenario (SDS) and Total’s Rupture toward carbon neutrality, Total will be the reduction in operations (Scopes 1 and 2) are first scenario, which hold the temperature by their side. the average carbon intensity indicator on the list. Geographically, Europe rise to well below 2°C, both show Offshore wind turbines in the North Sea. of energy products is already on the road to carbon that demand for oil will stabilize Europe has been a pioneer in this used by Total’s neutrality, and we are by its side. and then decline. The markets for regard. Total is pledging to achieve customers. As for timing, short- and medium-term low-carbon electricity and gases carbon neutrality in Europe1 for targets have been defined between (natural gas, biogas and hydrogen), eliminating routine flaring, electrifying all of its production and the energy now and 2050 concerning both on the other hand, will see our processes and reducing methane products used by its customers the carbon intensity indicator robust growth. Accordingly, emissions. To address the residual (Scope 1+2+3) by 2050 or earlier. for energy products sold and the we at Total are working proactively, emissions, we are developing carbon Europe accounts for some 60% absolute value of Scope 3 emissions to stay several steps ahead of sinks, such as nature-based solutions, of our Scope 3 emissions, so this linked to products used by our the competition, to position the Group by investing in forests, as well as is a major undertaking for Total. customers. Total is the first major in these growing markets. carbon capture and storage. We are confident that Europe to announce that emissions related In our drive toward carbon neutrality, will adopt policies, regulations to these products will decline we have set an interim goal and a carbon price in line with in absolute value by 2030 thanks Toward carbon neutrality of reducing GHG emissions at its ambition, so that we can become to changes in its energy product The Paris Agreement calls for our operated oil and gas facilities carbon-neutral together. On the road sales portfolio. a carbon-neutral society by from 46 Mt CO2e in 2015 to less to carbon neutrality in Europe by the second half of the century. than 40 Mt CO2e by 2025. During 2050, we have set an interim target The health crisis we are all currently Total’s ambition is to achieve carbon that same period, Group production in 2030 that calls for a 30% reduction facing has not shaken our convictions, neutrality by 2050, together with will have risen by nearly 50%. in scope 3 emissions linked to the GETTING TO NET ZERO SEPTEMBER 2020 for energy is a long-term industry society, for all its activities worldwide, use of our products by our customers, and demand for energy will continue from production to the energy Next, our ambition for 2050 requires in Europe compared to 2015. to grow. Estimates show that products used by its customers. Less than that we jointly achieve neutrality by 2050, some 10 billion people But we won’t be able to do with our customers by working with Lastly, at the global level, we will worldwide will need access to energy, that alone. We will need help them to reduce their direct emissions expand this carbon neutrality an increase of around 50% from from our customers, naturally, 40 (Scope 1), which correspond to pledge to other regions when today. It’s our job to meet those but also from governments Mt CO2e our indirect emissions (Scope 3). they adopt the same path as Europe, growing needs while reducing and communities in our host We do not have control over these to ensure we become carbon-neutral Target 2025 GHG carbon emissions. Combining countries, because States will have indirect emissions. In energy, as together with society. And while emissions these two objectives will require to implement policies that make (Scope 1+2) on with any commodity, demand typically we await those new regional diversifying the Group’s offering carbon neutrality possible. operated oil and drives supply, not the reverse. commitments, we are moving towards lower carbon energies. gas facilities. Total does not manufacture airplanes, ahead with our own global ambition The first part of this ambition cars or cement and cannot dictate to reduce the average carbon is for Total to become carbon-neutral whether a vehicle or aircraft will use intensity of the energy products in its own GHG emissions, from gasoline, electricity or hydrogen. used by our customers by more its own production facilities However, we can contribute actively than 60% by 2050, with interim (Scopes 1 and 2). We have control to our customers’ choices and steps of 15% by 2030 and 35% over these emissions and are provide them with lower-carbon by 2040 (Scope 1+2+3). In addition, responsible for them, so achieving energy products, and, depending given the anticipated shift by carbon neutrality across these on changes in their consumption our customers in Europe, we can scopes is an obvious goal. We intend patterns, help them use less already say that worldwide 1. Refers here to the European Union, to lower our direct emissions by energy and choose energy sources Scope 3 emissions will decline United Kingdom improving our energy efficiency, with lower carbon intensity. in absolute value by 2030. and Norway. 02 03 Key steps since 2010. For the 2018-2025 period, data at the entrance to each “Total continues to To fulfill this ambition, in Europe we are investing $450 million to industrial site, to raise awareness and elsewhere, Total must diversify maximize energy efficiency in and motivate the workforce. expand across the entire its energy mix. In 2015, oil products the Refining & Chemicals segment, Many small projects are contributing accounted for 66% of our sales, which accounts for 66% of Total’s to lower emissions as well. renewables value chain.” gas 33% and electricity less than 1%. energy consumption. In addition, A bottom-up review launched By 2019, our mix had already routine flaring at upstream facilities in 2020 to identify such projects changed substantially, with oil has been cut by more than 80% across the Group revealed more products accounting for 55% of since 2010. than 500, some in the analysis stage our sales, natural gas 40% and others already in execution. and electricity 5%. At the same time, we are reducing stations in Germany (83 to date) our methane emissions. If the and are now welcoming customers To achieve a 15% reduction in integrated natural gas value chain N° 2 Acting on products to our first station in France. the carbon intensity indicator for is to fulfill its promise for the energy Total ranks Total is gradually reducing the average In addition, we are considering Group products by 2030, we see transition, it will need to strictly second on the world carbon content of its mix of energy a project to produce green electricity, and particularly renewable limit its emissions of methane, LNG market. products. To that end, we are taking hydrogen at the La Mède biorefinery power, surging to 15% of our which has far greater warming decisive steps to ensure that gas in France via electrolysis powered sales versus 35% for oil products potential than carbon dioxide. We and renewable energies figure more by solar farms. and 50% for natural gas. have therefore made a commitment prominently. to maintain methane emissions Total is also pursuing its integrated Total is therefore pursuing its at operated gas facilities close We are expanding our presence expansion along the renewable efforts to become a major force to zero, with a target of less than along the entire gas value chain, energy value chain.
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