TotalEnergies Aims for Bigger Emissions Reduction by 2025
22 March 2023 - 2:11AM
Dow Jones News
By Adria Calatayud
TotalEnergies SE said Tuesday it is aiming for a larger cut to
emissions from its direct operations by 2025 than it previously
targeted.
The French energy giant said it has set a new absolute emissions
target of less than 38 million metric tons of CO2 equivalent from
its own facilities and energy consumption--the so-called Scope 1
and Scope 2 emissions--in 2025, which compares with its previous
ambition of a reduction to below 40 million tons by 2025.
The company said it plans a 25% reduction to the carbon
intensity of the energy mix sold to its customers by 2030 compared
with 2015 levels. It previously targeted a 20% cut.
TotalEnergies also said it expects a 40% cut to emissions from
its supply chain--or Scope 3 emissions--compared with a 2015
baseline. This compares with the 30% reduction it targeted
previously.
TotalEnergies said the new objectives are buoyed by progress it
made last year in cutting emissions as well as the contribution of
liquefied natural gas sales to reduce global emissions.
The company aims to get to net zero by 2050.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
March 21, 2023 10:56 ET (14:56 GMT)
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