Total supports the voluntary recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD).
"Climate change has to be and is integrated into Total’s strategy. Transparency on climate and long-term issues through adequate reporting and disclosure is key for investors and other stakeholders; that’s why Total decided in 2016 to publish on a voluntary basis its first dedicated annual “Climate Report” and we encourage other companies to do so. I have signed a letter supporting and commenting the initiative and look forward to Total working with the Task Force on the most efficient ways to implement its recommendations so that investors obtain comparable data while businesses remain responsible for defining which information about climate-related risks and opportunities is material and should be disclosed in financial fillings and which additional information they choose to report on a voluntary basis.”
Patrick Pouyanné, Chairman of the Board and Chief Executive Officer.