REG-TotalEnergies SE TotalEnergies Invests in Sustainable Forestry in Southeast Asia

TotalEnergies SEAnnouncement

03/03/2022 08:00

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TotalEnergies Invests in Sustainable Forestry in Southeast Asia

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that it will
contribute an amount of $50 million to the “Tropical Asia Forest Fund 2”
(TAFF2) managed by New Forests, which aims at investing in certified
plantations and native forest conservation projects in various countries
across South-East Asia, including Indonesia, Malaysia, Laos, Cambodia,
Thailand, and Vietnam.

TotalEnergies’ investment will contribute significantly to the fund's goal
of building a diverse portfolio of six to eight forestry assets for a total
investment of $300 million.

The acquisition, development and sustainable management of these forestry
assets will also allow TAFF2 to contribute directly to a variety of economic
activities, including lumber, rubber, and carbon credits with co-benefits,
thus strengthening local value chains.

The fund will focus on high Environmental, Social, and Governance (ESG) impact
activities, in line with the United Nations Sustainable Development Goals
(SDGs). All investments will be managed in accordance with the performance
standards of the International Finance Corporation (IFC) and the standards
developed by international forest certification labels such as the Forest
Stewardship Council (FSC) and the Program for the Endorsement of Forest
Certification (PEFC).

These forestry assets will:


 * create local employment;

 * create economic development opportunities for local communities, through
programs aiming at artisanal producers;

 * reinforce biodiversity corridors;

 * protect primary forests.

“We are pleased to support the first close of TAFF2, allowing us to extend
our presence in Asia and diversify our portfolio of nature-based carbon
sinks” said Adrien Henry, Vice President Nature Based Solutions at
TotalEnergies. “TotalEnergies' climate ambition is based on a panel of
tangible actions, aiming first to prevent and then to reduce our greenhouse
gas emissions, and finally to offset residual emissions.”

“Asia is central to the economic and sustainability transformations
happening in the 21st century. Asia has an important role to play in aligning
its growth with climate positive, nature positive, and sustainable development
outcomes. We appreciate the role TotalEnergies has played in helping to scale
investment in the blended finance structure to mobilize more capital towards
high social and environmental impact outcomes,” said David Brand, Chief
Executive Officer, New Forests.

About TotalEnergies Nature Based Solutions

As part of its climate ambition, and in addition to its priority actions to
avoid and reduce emissions, TotalEnergies works with many local partners
around the world to develop and conserve natural carbon sinks, while helping
to preserve their biodiversity. These operations follow a long-term approach
of sustainable and integrated economic development of areas with local
communities. TotalEnergies plans to spend $100 million per year to build a
portfolio of projects capable of generating at least 5 million metric tons of
CO2e of carbon credits per year by 2030. These carbon credits will be used
after 2030 to offset the Company's scope 1 & 2 emissions.

About New Forests

New Forests is a global investment manager of nature-based real assets and
natural capital strategies, with AUD 7.7 billion (USD 5.9 billion) in assets
under management across 1.1 million hectares (2.7 million acres) of
investments. Headquartered in Sydney, New Forests is a Certified B Corp and
operates in Australia, New Zealand, Southeast Asia, Africa and the United
States. For more information, please visit: www.newforests.com.au
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.newforests.com.au&esheet=52589022&newsitemid=20220302006239&lan=en-US&anchor=www.newforests.com.au&index=1&md5=892ec52c0f38feab70c525d764250127)

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, cleaner, more reliable and accessible to as many people as
possible. Active in more than 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies 

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