Total is set to achieve net-zero emissions by 2050 as the outcome of collaborative investor engagement with the company through Climate Action 100+, an investor initiative launched in 2017 to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.

Engagement with the oil and gas sector across Europe through Climate Action 100+ is led by investors with the Institutional Investors Group on Climate Change (IIGCC). BNP Paribas Asset Management and EOS at Federated Hermes are the lead institutions undertaking engagement with Total as signatories to the initiative.

In a joint statement agreed with investors, Total announced its ambition to achieve 2050 net-zero emissions across its operations and products (covering scopes 1, 2 & 3 emissions. Total’s targets will be revised at least every five years in tandem with policy changes and market and technological developments.

Total’s commitment to net-zero emissions is the latest following Climate Action 100+ investor engagement with Shell, BP and Repsol. With the joining of Total, all of Europe’s oil and gas majors are now working towards achieving net-zero ambitions.

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