Ethical Business Conduct
Ethical Business Conduct
Promoting financial transparency
Oil and gas development generates substantial revenues for private enterprises and producing countries, but the public often has little idea of how much money is involved. Often, too, the benefits are distributed unequally among the population. This lack of transparency reflects weak institutions and feeds conflict as parties vie for control of these resources.
Awareness of the problem has spurred calls for everyone involved in the oil and gas industry to take steps to ensure that production does not come at the expense of the people living in producing regions. Today, clarifying the relationships between host countries and the extractive industry is a priority to ensure fair management of oil revenues.
Total is committed to strict transparency and participates actively in intergovernmental initiatives and dialogue on this issue. We support the Extractive Industries Transparency Initiative (EITI) to promote the cause.
Our position and commitments
Total joined the EITI on its creation in 2002, at the World Summit on Sustainable Development, known as the Johannesburg S ummit. Total has always backed this initiative and continues to demonstrate the Group's strong commitment, for example by the presence of Jean-François Lassalle, serving on the EITI Board from September 2007 to March 2011, who now remains a very active member of the initiative.
Promoting financial transparency to host countries
The principle of sovereignty is as fundamental as the principle of financial transparency, which means that transparency cannot be achieved without the voluntary commitment of governments. While respecting this principle, we believe that we have to encourage host countries to move forward with EITI implementation. We support and assist them throughout the process by:
- Fostering dialogue between our managers and representatives of government, civil society and the EITI.
- Participating in EITI work and organizations.
- Promoting the EITI initiative at conferences and in articles.
- Providing resources and recommendations based on our experience.
Detailed, public information through country reports
As part of our commitment, we publish detailed reports on a number of host countries — Angola, Cameroon (until the end of our activities in the country in 2010) Congo, Gabon, Indonesia, Nigeria, Norway and United-Kingdom. These country briefs provide information on our exploration and production operations in these countries, including details about our acreage, contract types, local subsidiaries, and the taxes we pay to governments.
We also publish information each year about our oil and gas exploration and production activities, broken down by country, in our Factbook.
This information is collected for purpose of Communication on Progress in line with our UN Global Compact report.
- The Total in Cameroon report was updated for the last time in 2010 before we ended our activities in the country.
- The Total in Nigeria, Total in Gabon, Total in Angola and Total in Norway, Total in UK, Total in Indonesia, Total in Congo reports were updated in 2011.
- These 7 countries represented 52 % of our production in 2011 .
(1) The Board comprises 20 permanent members representing implementing countries, supporting countries, industry, investment companies and civil society organizations.
Total in Cameroon
Total in Angola
Total in Nigeria
Total in Gabon
Total in Norway
Total in UK
Total in Indonesia
Total in the Republic of the Congo
CSTJF Research Center