A group of TotalEnergies shareholders, who were demanding better information about the group's climate strategy, believe they have been heard and on Friday withdrew their draft resolution for the general meeting.
"
This draft resolution is now null and void
", announces a coalition of a dozen investors (including La Banque Postale Asset Management, Meeschaert Amilton AM or OFI AM).
The project for the general meeting of May 25 "
aimed to obtain greater transparency on the climate strategy in order to give the investor the ability to objectively assess the alignment of the company with a scientific scenario
" .
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However, investors believe they have been heard, since the company has undertaken to publish a certain number of indicators.
In a letter to the group of investors Climate Action 100+, made public by TotalEnergies, its CEO Patrick Pouyanné undertakes in particular to publish the objectives for the absolute and relative reduction of greenhouse gas emissions in the short (2025) and medium term (2030), covering all of the company's activities.
This concerns all scopes of activity, including indirect so-called “
scope 3
” emissions, which concern the use of products sold by the group by its customers, such as gasoline burned in car engines.
The company also undertakes to submit its climate strategy annually to the advisory vote of the general meeting.
"
Having learned of these new commitments, the group of investors welcomes the progress made, the result of a continuous and in-depth dialogue between the company and various coalitions of investors, which will have to continue
", indicate the investors.
“
TotalEnergies is determined to promote shareholder dialogue and transparency
,” commented the company.
The annual general meetings of hydrocarbon groups are increasingly dominated by the climate issue.
Last year, TotalEnergies shareholders largely approved of management's climate strategy, despite a minority rebellion.
Another group of investors, led by Dutch asset manager MN, has tabled a draft resolution for the next TotalEnergies AGM.
They did not immediately communicate on Friday following the company's announcements.
