ESG & UN Sustainable Development Goals: Total Recognized as a Top Leader by BloombergNEF
April 28 2021 - 2:40AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
On April 13, BloombergNEF published its first study on the
alignment of corporate strategies with the United Nations’
Sustainable Development Goals (SDGs). With a score of 97/100, Total
ranked third worldwide in the survey, among the four business
sectors studied (Oil and Gas, Utilities, Metals & Mining,
Consumer Goods), and first in its sector.
The study, entitled “UN Sustainable Development Goals for
Companies: Primer” assesses companies on the basis of an analysis
of 10 categories of criteria, in terms of integration of the SDGs
into their strategy, identification of their priority impacts and
improvement targets. The assessment also takes into account the
transparency of the associated reporting.
Since 2016, Total made a commitment to contribute to the SDGs’
achievement and uses them as a benchmark for measuring and
prioritizing its impacts. The Group also played a pioneering role
in SDG-related reporting by contributing to the work of the
platform created in 2017 by the UN Global Compact and the Global
Reporting Initiative (GRI).
“Total is resolutely engaged in a transformation that addresses
the challenges of the sustainable development agenda: fighting
global warming, delivering tangible solutions and actively
promoting a just transition. Total wants to be a benchmark for
corporate commitment to the Sustainable Development Goals, and I am
delighted that our teams’ engagement has been recognized with this
first ranking,” said Patrick Pouyanné, Chairman and Chief
Executive Officer of Total.
The Bloomberg study recognizes the alignment of Total’s business
strategy with clearly stated climate objectives (SDG 13), its
transformation into a broad energy company with tangible low-carbon
energy projects (SDG 7), and the use of its economic and social
clout, notably within its supply chain (SDG 8). The study also
highlights Total’s work on transparent disclosure, with the
publication of detailed SDG reporting.
Total believes that transparency is essential for building
relationships of trust with its stakeholders and for putting the
Group on a continuous improvement path. Total reports on its
performance on the basis of the various commonly used ESG
disclosure frameworks. In addition to the SDGs, Total refers to the
standards of the Global Reporting Initiative (GRI) and
Sustainability Accounting Standards Board (SASB), the Core metrics
proposed by the World Economic Forum, and the recommendations of
the Task Force on Climate-Related Financial Disclosures (TCFD) for
its climate reporting.
All of Total’s disclosures are available on its dedicated
Sustainable Performance website.
About the Sustainable Development Goals
In 2015, the United Nations and its Member States adopted the 17
Sustainable Development Goals (SDGs) as a blueprint for addressing
the global challenges of poverty, environmental protection, peace
and prosperity by 2030. Businesses are asked to contribute to this
agenda with their financial resources and capacity for innovation,
to collectively resolve the issues of sustainable development.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms “Total”, “Total Group” and Group are
sometimes used for convenience. Likewise, the words “we”, “us” and
“our” may also be used to refer to subsidiaries in general or to
those who work for them. This document may contain forward-looking
information and statements that are based on a number of economic
data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TOTAL
SE nor any of its subsidiaries assumes any obligation to update
publicly any forward-looking information or statement, objectives
or trends contained in this document whether as a result of new
information, future events or otherwise.
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