We intend to continue contributing to the decarbonization of the real economy and achieve a carbon-neutral portfolio by 2050.
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. In 2019, we also decided to make a strong commitment: achieve a net-zero portfolio by 2050, with a focus on decarbonizing the real economy.
Since then, we significantly exceeded our intermediary targets, so in 2021 we announced a new and ambitious strategy based on four essential and complementary pillars to meet the major challenges of the transition.
Our strategy’s four pillars
In low-carbon assets by 2025
Reduction in our portfolio’s carbon intensity by 2030 compared to 2017
Transition envelope to decarbonize major carbon-emitting sectors
Complete our exit from the oil production sector