TotalEnergies to publish annual climate progress

French company decides to disclose progress against emission reduction targets annually after coming under pressure from investors

TotalEnergies will in future publish progress against absolute and relative reduction targets for scope one, two and three greenhouse gas (GHG) emissions on an annual basis. The French firm has previously set targets to reduce the scope one, two and three emissions of its European operations by 30pc below 2015 levels by 2030 and to reach overall company-wide net-zero scope one, two and three emissions by 2050. But it has not stated the regularity with which it would disclose progress against the targets. The move follows pressure from a group of 12 French investors—asset managers Candriam, Egamo, Erafp, Banque Postale Asset Management, Financiere de l'Echiquier, Mandarine Gestion, Meeschaert