Environment
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.
2022 Highlights
$47 B
Low-carbon assets
53%
Reduction in our portfolio’s carbon intensity since 2017
Net Zero
Objective for our total portfolio by 2050
For more details on our climate actions, read our 2022 Sustainable Investing Report.
Our objective
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
$54 B
In low-carbon assets by 2025
60%
Reduction in our portfolio’s carbon intensity by 2030 compared to 2017
$10 B
Transition envelope to decarbonize major carbon-emitting sectors
2022
Complete our exit from the oil production sector
