Slide 1: More energy, less emissions, more value
More energy, Delivering on less emissions,plan our transition more value March 21, 2024
Slide 2: Table of content
Sustainability & Climate Workshop Table of content 03 | Sustainability Moment 24 | Improving energy efficiency 37 | Listening to our Employees and promoting their well- 25 | Shift to Green Power supply being 05 | Energy trends: growing energy demand linked to 26 | Decarbonize H2 in our European asse
Slide 3: Sustainability Moment: Ensuring people's safety on the road
Sustainability Moment Ensuring people’s safety on the road Number of severe road accidents* 70 Number of severe road accidents divided by 6 since 2015 #SafeDriver program deployed 35 since 2016: employees and contractors First private company to receive 3 stars in the FIA** road safety index 2015 20
Slide 4: More energy, less emissions, more value
More energy, less emissions, more value
Slide 5: Energy trends: growing energy demand linked to population growth
Energy trends: growing energy demand linked to population growth Emissions decoupled from economic growth but still increasing Key indicators CAGRs Base 100 in 2000 2000/2022 3.3% GDP growth Growing population aiming at higher living 200 standards leading to growing energy demand despite energy effi
Slide 6: Two pillars to support our energy transition strategy
Two pillars to support our energy transition strategy Low cost, Top 3 global LNG Driving value low emission integrated portfolio from integration Celebrating 100 years in 2024: from oil exploration in Iraq Rich upstream Strong LNG Positive net cash to becoming a global leader projects portfolio proj
Slide 7: A vision for a Net Zero company in 2050, together with society
TotalEnergies: a vision for a Net Zero company in 2050, together with society 2050 IEA NZE energy mix 2050 TotalEnergies’ sales mix TotalEnergies Net zero Scope 1+2(3) Scope 3(4) MtCO2e 11% 8% ~100 24% Bioenergy 25% 10% Low-carbon ~50 Mt/y ~10 molecules(2) 26% 47% 0 Electricity(1) 50% 59% Electricit
Slide 8: A decade of growth and transition to build an integrated energy company
A decade of growth and transition to build an integrated energy company Lifecycle Carbon Intensity of Energy products Energy production Energy sales sold * PJ/d PJ/d Base 100 in 2015 Low-carbon 100 molecules 20% Electricity -13% -15% 20 20 -25% +4%/y 75 20% 50% Gas 40% 50 10 10 25 40% 30% Oil 0 2018
Slide 9: A disciplined sustainable capital investment policy
A disciplined sustainable capital investment policy to deliver on our ambition Capital Investment 5-year plan 2024-28 Capex Eligibility & Alignment Proportional view* 34% 34% Integrated Power 5 B$ 27% Oil Maintenance EU Taxonomy figures: evidence of Oil a company in transition Low-carbon energies 17
Slide 10: Sharing TotalEnergies' value creation
Sharing TotalEnergies’ value creation Salaries and social charges 9.2 B$ Net Investments > 100,000 ~120 16.8 B$ employees countries > 65,000 shareholders > 15.8 B$ taxes paid (8% capital) in non-OECD countries 67 B$ in 2023 Dividends ~100,000 > 1,600,000 7.5 B$ Taxes 24.7 B$ suppliers individual sha
Slide 11: Climate
Slide 12: Relentlessly reducing emissions
Relentlessly reducing emissions 2022 2023 2025 2030 (1) Scope 1+2 Mt CO2e 40 35 < 38 25–30 Scope 1+2 emissions emissions vs 46 Mt in 2015 - 13% - 24% > - 40%(1) on operated activities Methane kt CH4 42 34 Net Zero in 2050 emissions - 50% - 80% vs 64 kt in 2020 - 34% - 47% Lifecycle carbon intensity(
Slide 13: Continuously tracking our Scope 1+2 emissions
Continuously tracking our Scope 1+2 emissions Levers to reach our - 40% target in 2030* Scope 1+2 from operated facilities MtCO2e 50 46 Portfolio CCGT Energy efficiency On track to deliver 40 Flaring & Methane on our target H2, electrification CCS 25–30 Since 2015 30 - 24% scope 1+2 absolute Nature
Slide 14: Upstream: low emissions
Upstream: low emissions Relentlessly reducing our Upstream intensity, together with our partners Scope 1+2 Upstream intensity, equity basis kgCO2e/boe 20 kg/boe 20 18 kg/boe Investment criteria 2024 Each new O&G project must decrease 15 portfolio’s average GHG emission intensity <18 kg/boe <13 kg/bo
Slide 15: Leading the industry in slashing methane emissions
Leading the industry in slashing methane emissions Aiming for zero methane Methane Emissions(1) In % vs 2020 2020 2022 2023 2025 2030 Continued excellence in our operations 20% OGMP 2.0 Gold standard for 3 consecutive years Global O&G 47% CH4 reduction 2023 vs 2020, on track to reach -50% in 2024, C
Slide 16: Helping our customers reduce their own emissions
Helping our customers reduce their own emissions (4) 2030 2030 Lifecycle carbon intensity of energy products sold Energy Estimated (2) < 400 Mt CO2 Scope 1+2+3 base 100 in 2015 Sales Scope 3 100 30% 46 -25% ~210 Reduce portfolio’s Mt CO2 scope 1+2 emissions Shift to 2030 Gas Enabled emission Low car
Slide 17: Emission reduction objectives in line with IEA Paris-Aligned scenarios
Emission reduction objectives in line with IEA Paris-Aligned scenarios Scope 1+2 emissions from our operations Lifecycle Carbon Intensity** Global CO2 emissions – IEA scenarios (WEO 2023 *) % vs. 2015 % vs. 2015 2015 2020 2025 2030 2035 2015 2020 2025 2030 2035 10% 0% 0% -1 0% STEPS (2.4°C) -1 0% -2
Slide 18: Responsibly producing upstream Oil & Gas
Responsibly producing upstream Oil & Gas
Slide 19: Routine flaring eliminated in all Nigeria operations
Routine flaring eliminated in all Nigeria operations Case study Nigeria, OML100 Context 2020: OML100 was 57% of E&P global routine flaring* Original design: facilities commissioned in 1993 Actions taken Rerouted previously flared gas to central processing site, incl.: 2023 works on central platform
Slide 20: Aiming for zero methane emissions in the North Sea
Aiming for zero methane emissions in the North Sea Case study UK, Elgin Context Offshore platform part of Central Grabben complex Production: ~100 kboe/d of gas in the North Sea One of our largest methane emitter due to continuous venting Actions taken Step 1 – 2020: From venting gas to burning: - 4
Slide 21: Ambition: towards Net Zero LNG plant
Ambition: towards Net Zero LNG plant Qatar, NFE-NFS Next generation: Oman, Marsa LNG Context Context World’s largest LNG project 1 MTPA project for LNG bunkering in Sohar NFE (TotalEnergies 6.25%), NFS (9.375%) Operated by Marsa LNG* Actions taken Actions taken Native CO2 to be captured Plant fully
Slide 22: Actively working with our partners
Actively working with our partners Brazil, Petrobras Sharing AUSEA technology Context Context Joint oil production in the Santos basin 2022–23 campaign on our operated assets 2016: strategic partnership with Petrobras COP28 call: “Aiming for zero methane” (OGDC) (R&D, technology) Actions taken Actio
Slide 23: Slashing down emissions in our refineries
Slashing down emissions in our refineries Normandy Platform, France
Slide 24: Improving energy efficiency
Improving energy efficiency Deploying the 1 B$ Energy Efficiency Plan over 2023-2024 Context 250 projects being implemented for Refining & Chemicals 400 M$ budget allocated to Refining & Chemicals Actions taken Improve assets design (air preheaters, heat pumps, new heat exchangers): modify NOR refor
Slide 25: Shift to Green Power supply
Shift to Green Power supply Context Europe US and Europe Refining Scope 2 power = 2.5 Mt CO2 Actions taken Go Green: cover all industrial sites’ power needs with green electricity in Europe and the US (~6.5 TWh/y) Europe: ~ 5 TWh/y supplied to R&C assets from European renewable portfolio USA US: ~ 1
Slide 26: Decarbonize H2 in our European assets
Decarbonize H2 in our European assets Pioneering mass green H2 supply in Europe Context Normandy refinery Objective: substitute by 2030 the 500 kt/y hydrogen used in European refineries by green H2, in the framework of EU Renewable and low-carbon power generation assets RFNBO regulation + low-carbon
Slide 27: Next step: Carbon Capture on high emitters
Next step: Carbon Capture on high emitters Antwerp Platform Context CO2 from Antwerp FCC Unit 2 to be captured and exported for sequestration (in North Sea underground storages) Actions taken Study at Conceptual phase De-risk and integrate innovations Find the most reliable and cost-effective design
Slide 28: Building CO2 storage hubs
Building CO2 storage hubs To store the emissions of our assets and those of our hard-to-abate customers North sea: developing multiple CO2 storage solutions Talos acquisition: entering major CO2 transportation and storage project in Texas, close to our assets Europe Texas Hub Bayou Bend CCS (TotalEn
Slide 29: Carbon management for residual emissions: Nature Based Solutions
Carbon management for residual emissions: Nature Based Solutions Case study Cumulated credits generated from 11 sanctioned projects Financing farming transition in Australia Million credits Context 50 Supporting farmers to implement land management strategies, to build soil carbon 40 Actions taken 3
Slide 30: Supporting our customers in their decarbonization journey
Supporting our customers in their decarbonization journey
Slide 31: Supporting our customers in their decarbonization journey
Supporting our customers in their decarbonization journey Over the past 2 years, we engaged 334 large B2B clients on their Scope 1&2 CO2 emissions Our customers’ Scope 1 & 2 Hard to abate industries Food & Beverage Metals 62% 4% 27% Pulp & Papers, Waste and Water 7% Incl. Datacenter Manufacturing, 9
Slide 32: Cement
Cement Case study Holcim - Belgium, solutions for the 1st carbon-free cement plant Context Inevitable CO2 emissions from the process itself Large industrial site fit for PV valorization Done Ongoing On-site solarization Supporting change of technology Serving the plant’ growing power New oxyfuel kil
Slide 33: Construction Materials
Construction Materials Case study Saint-Gobain - France & USA, solutions for carbon-less plants Context Multi-country, multi-sites approach High temperature processes, partially electrifiable Greening power supply Greening gas supply 300 MW PPA in North America 100 GWh Biomethane Purchase Agreement
Slide 34: Datacenters
Datacenters Case study Microsoft - Providing reliable & clean energy for critical IT infrastructure Context Strategic partnership covering digital & net-zero pathway Client committed to use 100% renewable energy and eliminate its dependency on diesel fuel Battery storage Green power supply Replaced
Slide 35: Aviation Industry
Aviation Industry Case study Airbus - Supplying SAF to Airbus and joining forces on new sustainable fuels Context 2023 ReFuel Aviation EU setting up incorporation mandates for SAF Airbus road map: 50% SAF in 2030 (~50 kt/y) TotalEnergies SAF production objective Mt/y Supply of SAF for > 50% of Airbu
Slide 36: Caring for our Employees around the world
Caring for our Employees* around the world * Unless stated otherwise, “Employees” in the People section refers to TotalEnergies’ employees, all 100%-owned companies (except Hutchinson), as well as employees of companies at least 50%-owned by TotalEnergies.
Slide 37: Listening to our Employees and promoting their well-being
Listening to our Employees and promoting their well-being 87% have confidence in TotalEnergies' ability to achieve its ambition Employee engagement Care program TotalEnergies’ 2023 82.4 TotalEnergies’ 2023 81.5 engagement score 71.3 well-being score 70.2 +2.1 points over 1 year +2.9 points over 1 ye
Slide 38: Caring for our Employees' well-being
Caring for our Employees’ well-being TotalEnergies Care index vs Benchmark % agree Work in safe conditions 97% Respected at work 86% Sufficient freedom 85% and autonomy Share moments of conviviality and 78% celebrate success Well-being score to measure our Manager who listen to the team 85% progress
Slide 39: One worldwide standard benefitting all our Employees
One worldwide standard benefitting all our Employees Direct remuneration Ensuring at least Social above the living wage Family 14 weeks childcare leave paid 100% for protection Health insurance plan sphere the primary care parent and 2 weeks Ensure a living wage Give employees for the second parent
Slide 40: A global benefits program for our Employees
A global benefits program for our Employees Complemented by additional local initiatives Health insurance plan Supplementary Pension Scheme Death benefit plan Ensure adequate health insurance Local initiative for retail African Set up a death benefit plan, whatever coverage for all affiliates the ca
Slide 41: Family sphere
Family sphere Give employees the opportunity to take care of their families Neutral definition of the family for Pregnancy or adoption Ensuring at least 14 weeks childcare leave paid 100% for the primary care parent and 2 weeks for the second parent Guarantee of average salary increase during leave
Slide 42: A just, orderly and equitable transition plan for our employees
A just, orderly and equitable transition plan for our employees Leaving no one behind Technical upskilling programs La Mède & Grandpuits, France 23 specific programs developed over the past 2 years to: Conversion into biorefineries in a responsible manner Provide appropriate trainings • No layoff or
Slide 43: Promoting a diverse and inclusive workplace
Promoting a diverse and inclusive workplace Gender equality International diversity People with disabilities 38% 36% 32% 32% 28% 6.2% of the workforce in France* 26% 22% 41 affiliates committed to creating 19% a more inclusive work environment for disabled employees (ILO Global Business Senior execu
Slide 44: Uganda zoom
Uganda zoom Murchison Falls National Park, Uganda
Slide 45: Tilenga & EACOP: progressing towards first oil with local stakeholders
Tilenga & EACOP: progressing towards first oil with local stakeholders Low cost, low emission projects Creating value locally Murchison Falls National Uganda Development of Tilenga and Kingfisher oil 15% stake of Ugandan government in Upstream Park resources: 230 kb/d 15% stake of Ugandan and Tanzan
Slide 46: Placing people at the centre of the land acquisition process
Placing people at the centre of the land acquisition process Context 19,140 affected households in Uganda and Tanzania 775 households have their residence on projects’ footprint 6,400 ha of land acquired Applying stringent Minimize impact Listen to stakeholders Support PAPs & Communities internation
Slide 47: Preserving biodiversity in the Murchison Falls National Park
Preserving biodiversity in the Murchison Falls National Park Context Site recognized for its rich biodiversity Pressure on wildlife is increasing and UWA* has limited resources to manage the park Actions taken Minimize Tilenga footprint to 0.03% of the park and optimize installation design Acquire d
Slide 48: Providing renewable power to Uganda and Tanzania
Providing renewable power to Uganda and Tanzania Context Answering growing power demand (> 5%/y) with renewables Supplying renewable power for Tilenga and EACOP Actions taken Providing renewable energy to decarbonize Tilenga and EACOP Tilenga: solarization of CPF*. Under development, 15 MW with COD:
Slide 49: Promoting access to clean cooking thanks to LPG
Promoting access to clean cooking thanks to LPG Context 2.3 billion people worldwide still do not have access to clean cooking 3-stone cooking 1 billion Africans rely on open fires or basic stoves, using charcoal and wood for cooking Positive impacts of LPG cooking Health: household air pollution du
Slide 50: Distribute locally the LPG we produce
Distribute locally the LPG we produce Case study Tilenga, Uganda Context Tilenga and Kingfisher will produce 100 kt/y of LPG Current Uganda market is ~25 kt/y (only ~5% of population has access to clean cooking) Action plan Bring LPG to populations as a cleaner, affordable and accessible energy for
Slide 51: Impacting 100 million people in Africa and India with LPG clean cooking
Impacting 100 million people in Africa and India with LPG clean cooking Case study Africa Context TotalEnergies distributes bottled LPG in 17 territories, impacting 11 million households and ~45 million people Action plan Entering new markets: impacting > 5 million additional people TotalEnergies ha
Slide 52: Definitions and adjustment items
These adjustment items include: 1. Special items The terms “TotalEnergies”, “TotalEnergies company” and “Company” in this document are used to designate Due to their unusual nature or particular significance, certain transactions qualifying as “special items” are excluded from the business segment T
Slide 53: For more information go to
Corporate Communications TotalEnergies SE 2, place Jean-Millier 92400 Courbevoie, France Tel.: +33 (0)1 47 44 45 46 Share capital: €5,967,116,185 Registered in Nanterre: RCS 542 051 180 For more information go to