Patrick Pouyanné combines the functions of Managing Director and Chairman of the Board of Directors of TotalEnergies. This resolution vi.
Their goal is to obtain better governance and more ambitious commitments on the climate. The resolution was tabled by the Ethos foundation, which represents pension funds in Switzerland and a coalition of 19 international investors. All together, they represent more than 1 billion euros of shares, or 0.62% of Total Energies' total market capitalization of 162 billion. The shareholders assure that their resolution "does not aim to call into question the role of Patrick Pouyanné as general manager but to introduce better governance.”. They believe that "the separation of roles could improve dialogue with the board of directors on the issues of climate and transition." The signatories are worried about Total Energies' "insufficient climate strategy" and their "difficulties" in "making their voice heard" on this subject.