PARIS, April 14 (Reuters) – A group of minority shareholders in TotalEnergies will present a resolution at a general meeting asking the company to clarify its efforts to reduce its greenhouse gas emissions, according to the text of the resolution obtained by Reuters.
The group carrying this resolution is made up of 12 French shareholders coordinated by Meeschaert AM, including OFI AM and La Financière de l’Échiquier and representing approximately 0.8% of the capital, we learned from a source familiar with of the process.
In their text, they ask TotalEnergies in particular for a series of details on the reduction in its emissions, in the short (3 to 5 years) and medium term (8 to 10 years), as well as on the evolution of its energy mix and its “target production volumes” at these deadlines.
This resolution comes on top of another, carried by Dutch shareholders, asking TotalEnergies more generally to set objectives in line with the Paris Climate Agreement.
Meeschaert AM and La Financière de l’Échiquier and OFI AM did not immediately comment on this information.
TotalEnergies for its part reaffirmed its commitment made in May 2021 to report on its progress made “in terms of sustainable development and energy transition towards carbon neutrality” during its next General Meeting on May 25.
The group “will therefore submit its Sustainability & Climate report to the advisory vote of its shareholders”, recalled a spokesperson, adding that this “‘say on Climate’ type approach is innovative and a real progress within the CAC 40”. (Report Benjamin Mallet, edited by Sophie Louet)
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