NET 0 Tracker
TotalEnergies
More information available in H2-2024
This includes all their global activities, from production to the use of energy products sold to customers. Net Zero Tracker
An interesting fact about their environmental policy is their interim target, which is to reduce emissions by 15.0% relative to 2015 emissions by 2025. Net Zero Tracker
This involves reducing greenhouse gas emissions from 46 MtCO2 in 2015 to less than 40 Mt CO2 by 2025. Net Zero Tracker
Furthermore, TotalEnergies aims for all electricity purchased for European operations to be carbon neutral by 2025. Net Zero Tracker …"
Greenhouse Gas Emissions
Last 3 Years Emissions Data Summary
| Y2021 | |
|---|---|
| Scope 1 | 33,300,000 |
| Scope 2 - location-based | 2,074,000 |
| Scope 2 - market-based | 2,400,000 |
| Scope 1-2 - location-based | 35,374,000 |
| Scope 1-2 - market-based | 35,700,000 |
| Scope 3 | 391,154,000 |
| Total - location-based | 426,528,000 |
| Total - market-based | 426,854,000 |
Note: Data sources detailed here
| Y2022 | Y2021 | |
|---|---|---|
| Total CO2e estimate (by Net0Tracker) | 325,799,798 | 426,528,000 |
| Methodology | Pre-calculated sector intensity (revenue) | As reported |
Carbon emissions are estimated according to comparable years, intensity and sector benchmarks
Performance vs. Target
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.
TotalEnergies belongs to the sector Energy.
Offsets
Last update for TotalEnergies by zerotracker.net: Sept. 4, 2024| Planning to use external offset credits | Not Specified |
| Separate targets for emission reductions and removals | No |
| Conditions on use of offset credits | None |
| Plans for carbon dioxide removal (CDR) | Not Specified |
Additional notes: "Only in 2030 will TotalEnergies begin voluntary offsetting on its residual emissions via NBS (Nature Based Solutions) carbon credits, which will continue gradually until 2050, and will offset only its Scope 1+2 residual emissions, amounting to about 10% of the Company’s global footprint" "Our objective for 2030 is to store more than 10 Mt CO2 per year on an equity share basis" "The energy transition also requires the development of low carbon energies based on the conversion of biomass and waste or the production of e-fuels using renewable hydrogen and captured CO2. We are developing these new energies (biofuels, biogas, hydrogen and e-fuels) [...] Our objective is to have 2 TWh/y of biomethane capacity by 2025 and 20 TWh/y by 2030 worldwide."
Score Summary
| Ref | Principle |
Score
(points) |
Max
(points) |
Delta
(points) |
|---|---|---|---|---|
| 1 | At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified | 0.0 | 10.0 | - |
| 2 | Scope 3 emissions are fully reported and externally-verified | 0.0 | 10.0 | - |
| 3 | CDP score demonstrates the level of transparent disclosures | 9.0 | 10.0 | - |
| Transparency | 9.0 | 30.0 | - | |
| 4 | Net Zero Commitments by 2050 include an intermediate target and cover all the emissions | 0.0 | 10.0 | - |
| 5 | Net Zero targets demonstrate a high-level of emergency | 0.0 | 10.0 | - |
| 6 | Emission reduction targets on a forward-looking basis are ambitious | 0.0 | 10.0 | - |
| 7 | Targets are science-based as validated by SBTi | 0.0 | 10.0 | - |
| Commitments | 0.0 | 40.0 | - | |
| 8 | Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 9 | Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 10 | Implied Temperature Rating by MSCi | 7.5 | 10.0 | - |
| Results | 7.5 | 30.0 | - | |
| Total | 16.5 | 100.0 | - |
Score Details
| Criteria | Results | 2023 Score | 2022 Score | Vs. 2022 | 2021 Score |
|---|---|---|---|---|---|
| Criteria 1 : Transparency on operational emissions (Scope 1 + 2) | |||||
| Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? | NC | 0.0 / 5.0 | - | ||
| Are S1+S2 figures verified by a 3rd-party for the last reporting year? | NC | 0.0/ 5.0 | - | ||
| Criteria 2 : Transparency on value chain emissions (Scope 3) | |||||
| Are the 15 categories fully or partly disclosed? | NC | 0.0 / 5.0 | - | ||
| Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? | NC | 0.0 / 5.0 | - | ||
| Criteria 3 : Quality and Frequency of reporting | |||||
| What is the latest CDP score (no later than the preceding year)? | A- | 9.0 / 10.0 | - | ||
| How many interim reporting were provided between 2 reporting periods (GHG emissions only)? | |||||
| Criteria 4 : Net Zero Commitments | |||||
| Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include an intermediate target by 2030? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include all the emissions? | NC | 0.0 / 4.0 | - | ||
| Criteria 5 : Target year for Net Zero Commitments | |||||
| Target year for achieving net zero emissions for S1+S2? | NC | 0.0 / 5.0 | - | ||
| Target year for achieving net zero emissions for S1+S2+S3 combined? | NC | 0.0 / 5.0 | - | ||
| Criteria 6 : Reduction objectives | |||||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2? | 0.0 / 5.0 | - | |||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? |
No target found
|
0.0 / 5.0 | - | ||
| Criteria 7 : Science-Based Targets | |||||
| What type of science-based target (as validated by SBTi) did the company commit to? | NC | 0.0 / 10.0 | - | ||
| Criteria 8 : Results based on scope 1 - 2 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 9 : Results based on scope 1 - 2 - 3 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 10 : Implied Temperature Rise (ITR) | |||||
| Is the company aligned with global climate targets? | ITR: 1.8°C | 7.5 / 10.0 | - | ||
| Total | 16.5 / 100.0 | - | |||
Available Data Sources
| Reporting Year | 2021 |
|---|---|
| Source | Yourstake |
| Publication Year | 2022 |
| Scope 1 | 33,300,000 |
| Scope 2 - location-based | 2,074,000 |
| Scope 2 - market-based | 2,400,000 |
| Scope 1-2 - location-based | 35,374,000 |
| Scope 1-2 - market-based | 35,700,000 |
| Scope 3 | 391,154,000 |
| Total - location-based | 426,528,000 |
| Total - market-based | 426,854,000 |
Sources
- Yourstake: Data from YourStake.org - see Free SFDR data library
© Vincent Manier - September 2021 About us . Keep in touch . Blog