TotalEnergies publishes its Sustainability & Climate 2025 Progress Report detailing its progress in energy transition. Through its multi-energy strategy, the company manages to combine profitability and sustainability. In 2024, it invested nearly $5 billion in low-carbon energy, mainly in electricity and renewables. For 2025, TotalEnergies is reinforcing its commitments with even more ambitious emission reduction goals.
A multi-energy strategy that continues to bear fruit
In 2024, TotalEnergies confirms the results of its multi-energy strategy based on a deliberate balance between hydrocarbons and renewable energies. This hybrid model allows the French major to combine economic performance and climate commitments, a balance often difficult to achieve in the sector.
With a ROACE of 14.8%, TotalEnergies remains the most profitable major in the sector for the third consecutive year. It is worth noting that the group invested nearly $5 billion in low-carbon energies. These investments are primarily focused on electricity and renewable energies, now considered central pillars of the group’s strategy.
On the hydrocarbons side, the effort is focused on a more responsible production. In 2024, greenhouse gas emissions from Oil & Gas operated facilities decreased by 36% compared to 2015. The carbon intensity of its upstream portfolio continues to decline as well. Moreover, the 2025 goal for methane emission reduction has been exceeded by a year in advance. This result illustrates a broader trend in the industry, driven by initiatives such as the Oil & Gas Decarbonization Charter, which TotalEnergies actively participates in.
Gas and electricity at the heart of the transition
The production of liquefied natural gas (LNG) remains a cornerstone of the company’s energy supply. In 2024, TotalEnergies’ LNG sales allowed its customers to avoid emitting around 65 million tons of CO2e. This role as an energy “pivot” between traditional fossil fuels and renewable energies reinforces the place of gas as a transitional solution in the global mix.
Electricity, on the other hand, is experiencing rapid growth within the company. In one year, net production increased by 23%, and the share of electricity in the sales mix surpassed the 10% mark. This sustained momentum allows the group to exceed its initial goal of reducing the carbon intensity of its products. The figures show -16.5% in 2024 compared to 2015, against a forecast of -14%.
Enhanced climate objectives for 2025
TotalEnergies intends to maintain the pace. The company announces a new methane emission reduction target of -60% by 2025 compared to 2020, up from -50% previously. It also aims to keep its operational emissions (Scope 1+2) below 37 Mt CO2e and now targets a 17% reduction in the carbon intensity of the lifecycle of its sold products by next year.
These announcements come in a context of increasing regulation with the implementation of the CSRD directive but also reflect a desire for leadership in decarbonization. An ambitious positioning at a time when large companies in the sector are called to accelerate their transitions without sacrificing their competitiveness.
Article based on a press release received by the editorial team.
