Climate change

The human, environmental and economic impacts of climate change are daily reminders of how we need to act urgently and invest to support the transition toward a low-carbon economy. 

2020 Highlights


Value of our low-carbon assets


Reduction in our portfolio’s carbon intensity since 2017, compared to our objective of a -25% reduction by 2025

Net Zero

Net greenhouse gas (GHG) emissions objective for our total portfolio by 2050

For more details on our actions on climate change matters, read our 2020 Stewardship Investing Report. 

Our investment strategy to address climate change

Our first climate strategy, deployed in 2017, helped position us as a leader in the fight against climate change. 

We set ambitious targets so we could take quick and structured action. 

Having significantly exceeded these targets, we decided to make a strong commitment: achieve a net-zero portfolio by 2050, with a focus on decarbonizing the real economy.

Our new strategy, unveiled in 2021, is based on four essential and complementary pillars to meet the major challenges of the transition toward a sustainable economy. 

See our strategy

Our objective

We intend to continue contributing to the decarbonization of the real economy and achieve a carbon-neutral portfolio by 2050.

Our strategy’s four pillars

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$54 B  ​

in green assets by 2025​

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reduction in our portfolio’s carbon intensity by 2030

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$10 B​

transition envelope to decarbonize major carbon-emitting sectors

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2022 ​

complete our exit of the oil production sector


Joining structuring initiatives accross the world