Improving Our Products and Supporting Our Customers
Improving our Products and Supporting our Customers
Improving our Products and Supporting our Customers
We all have a role to play in the energy transition – public authorities, energy producers and energy consumers. In order to meet the energy needs of a growing global population while also minimizing climate change, TotalEnergies provides customers with increasingly low-carbon products and services, thereby helping them to reduce their emissions and driving the energy transition.
The key indicator of our progress is the lifecycle carbon intensity of the energy products sold, which is the ratio between the lifecycle emissions of our energy products sold and the quantity of energy supplied.
Offering our clients increasingly decarbonized energy products
TotalEnergies has reaffirmed the relevance of its balanced integrated multi-energy strategy, anchored on two pillars, Oil & Gas, especially LNG, and electricity, the energy at the heart of the energy transition.
By 2030, the strategy aims to achieve a reduction of 25% of the lifecycle carbon intensity of energy product sold, i.e.
- for an equivalent quantity of energy, the carbon content of energy products would be reduced by 25% (“less emissions for same energy”); or
- for an equivalent quantity of emissions (Scope 1+2+3), the Company would supply 33% more energy to its customers (“more energy for same emissions”).
We will grow in electricity production and sales, which will account for over 50% of the total reduction in carbon intensity by 2030. Indeed, we aim to reach 100 TWh/year of net electricity production by 2030.
The reduction in carbon intensity will also be facilitated by the growth of gas sales, especially liquefied natural gas (LNG) – a transition fuel – so it accounts for 50% of our energy mix by 2030.
Moreover, we plan to bolster our range of products derived from biomass (biofuels, biogas, hydrogen and e-fuels), especially for sectors that are hard to electrify, such as air and sea transport, and heavy industry.
To support this effort, we plan to allocate a third of our annual investments to low-carbon energies by 2030, exceeding the amount we invest in new gas and oil projects.
We offer our clients increasingly decarbonized products
Expanding our electricity business, especially from renewable sources, through an integrated strategy from production to customers
We are building a portfolio of competitive, renewable (solar, onshore and offshore wind) and flexible (flexible gas-fired power plants, storage) assets in order to supply our customers with low-carbon electricity 24/7, in particular by signing renewable corporate power purchase agreements (CPPA).
For example, in 2023, the Company signed Renewable Power Purchase Agreements with Sasol and Air Liquide in order to supply around 850 GWh of renewable electricity from solar per year to the Sasol’s Secunda site in South Africa.
Natural gas, a transition fuel
Gas is a necessary transition fuel for building a reliable, lower carbon power system, complementing renewable energies that are intermittent by nature. A flexible resource that can be mobilized quickly, power generation from gas-fired plants offers a secure backup for grids powered by intermittent renewable sources (such as solar and wind), which takes over when weather conditions are unfavorable or demand surges.
Natural gas also provides a reliable alternative to many uses of coal, such as power generation or heat production for industry or retail customers, while emitting half as much CO2. That is why it occupies a central position in the Net Zero roadmaps of many coal consumer countries. To support these initiatives, TotalEnergies aims to increase the proportion of gas in its sales mix by 2030.
TotalEnergies continues its strategy to grow LNG considerably
Helping to decarbonize the transportation industry and developing low-carbon mobility solutions
The transportation industry is currently 90% powered by petroleum products and represents one of the largest contributors to global greenhouse gas emissions. That is why decarbonizing mobility is a major component of the energy transition.
TotalEnergies will invest over $1 billion in electric mobility between 2024 and 2028 to develop a network of high-power electric charging stations along motorways, major roads and in urban hubs in Europe.
In addition to this network, TotalEnergies supports its B2B clients to transition to electric mobility by offering charging stations services both at the workplace and employees’ homes.
Developing carbon storage solutions for our industrial clients
TotalEnergies also invests in CO2 storage projects for its customers (Storage as a Service), offering CO2 storage solutions to large industrial clients who can thus reduce their Scope 1 emissions and secure the future of their activities.
Our involvement in the Northern Lights project, the first major industrial carbon storage and transport project in the world, reflects the steps we are taking to help our industrial clients decarbonize their activities. The Phase 1 installations will be able to handle up to 1.5 million tons of CO2 per year, which will rise to 5 million tons per year in Phase 2.
Leveraging our expertise to help our clients in their energy transition
Created in 2022, TotalEnergies One B2B Solutions provides multi-energy supply solutions to suit the needs of its major industrial clients.
Run by a team of 30 experts, this service helps major corporations operating in 11 strategic sectors to achieve their energy transition ambitions by providing them with the solutions they would require.
Reducing our indirect emissions: objectives and progress made in 2023
Since 2015, TotalEnergies has reduced the lifecycle carbon intensity of energy products sold(1), positioning the Company as one of the world’s leading forces in decarbonizing its energy portfolio.
| Perimeter | Unit | Progress | Objectives | |||
|---|---|---|---|---|---|---|
2022 | 2023 | 2025 | 2030 | |||
Lifecycle Carbon intensity of energy products sold (1) Scope 1+2+3 | 100 in 2015 | -12% | -13% | -15% | -25% | |
| Scope 3 Worldwide(3) | Mt CO2e | 410 Mt in 2015 | 389(2) | 355 | < 400 | < 400 |
| out of which Scope 3 Oil | 350 Mt in 2015 | 254(2) (-27%) | 227 (-34%) |
| -40% | |
(1) Lifecycle carbon intensity of energy products sold. See report’s glossary for further details.
(2) Excluding Covid impact for first half 2022.
(3) GHG Protocol – Category 11. See report’s glossary for further details.
Our transition in action: improving our products and supporting our customers
In 2022, TotalEnergies and Holcim signed a memorandum of understanding to jointly study the complete decarbonization of the Obourg cement plant near Mons, Belgium. Various solutions are being assessed for reducing, capturing, sequestering and/or efficiently utilizing the facility's emissions.
All about the ambitious decarbonization project being considered by Holcim and Totalenergies
06/21
2024
Germany: TotalEnergies Wins Further Maritime Lease in the North Sea to Develop 1.5 GW of Offshore Wind
06/05
2024
Integrated Power: TotalEnergies Acquires a Gas-Fired Power Plant in the United Kingdom
05/23
2024
Transition énergétique en France : TotalEnergies franchit le cap des 2 GW d’électricité renouvelable
10/02
2023
United States: TotalEnergies signs a new long-term solar power supply agreement with Saint-Gobain
01/30
2024
Spain: TotalEnergies acquires 200 fast and ultra-fast charging sites from Wenea Branded Network, TotalEnergies and Wenea aim at building together a Leading Player in Electric Mobility
06/20
2023
Decarbonizing Industry in France: TotalEnergies to Supply Certified Sustainable Biomethane to Saint-Gobain
06/04
2024
TotalEnergies Increases LNG Deliveries to Asia with Two New Medium and Long-Term Contracts
Chapter 5.4.2.2 - "Impact of climate-related
risks and opportunities"
