REG-TotalEnergies SE TotalEnergies Partners with the Government of Suriname to Contribute to Preserve Forests as Carbon Sinks

TotalEnergies SEAnnouncement

19/11/2021 10:05

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TotalEnergies Partners with the Government of Suriname to Contribute to
Preserve Forests as Carbon Sinks

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with
the Government of Suriname to provide support for its national strategy to
reduce greenhouse gas emissions by preserving forests in the country. This
public-private partnership illustrates the alignment between the ambition of
TotalEnergies and the Government of Suriname to protect forest ecosystems and
biodiversity while benefiting local communities.

Suriname’s Amazon forest covers more than 15 million hectares and absorbs
billions of tonnes of CO(2 )each year. It is home to rich biodiversity and
plays a crucial historical and cultural role in local communities. The
development of new economic activities and growing demand for natural
resources puts pressure on the forests, making the implementation of
sustainable development models more necessary than ever.

The agreement signed by the Government of Suriname and TotalEnergies provides
for future projects to preserve forest ecosystems. The emissions reductions
stemming from these actions shall be certified in accordance with highest
international standard.

“This carbon credit exchange agreement is a historical milestone for
Suriname. Our country is determined to establish institutional capacity first.
The carbon credit market has a very promising future for High Forest Low
Deforestation (HFLD) countries, but the benefits will not only be determined
by mere market forces. They will mainly be determined by the ability of the
countries’ governing institutes to manage their natural resources at an
unprecedented level of professionalism. This agreement with TotalEnergies
provides the opportunity to do so,” said Silvano Tjong-Ahin, Suriname’s
Minister of Spatial Planning and Environment.

“We are delighted to partner with the Government of Suriname to preserve
forests as carbon sinks in the country. This agreement, which aims to protect
forest ecosystems and biodiversity while benefiting local communities, is
aligned with the Suriname government’s REDD+ strategy, the United Nations
Framework Convention on Climate Change (UNFCCC) and the conclusions of the
Paris Agreement,” said Christine Healy, Senior Vice President Carbon
Neutrality at TotalEnergies. “TotalEnergies’ ambition to get to Net Zero
for its scope 1 & 2 emissions is based on a series of tangible measures
designed first to avoid, then to reduce our greenhouse gas emissions by
implementing best available technologies, and lastly to offset residual
emissions, in particular through nature based solutions like forest
preservation. This agreement illustrates our approach.”

***

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 TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies on a global scale: 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.

***

TotalEnergies Contacts

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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.
TotalEnergies SE has no liability for the acts or omissions of these 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 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).



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TotalEnergies 

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)


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