REG-TotalEnergies SE TotalEnergies SE: Republic of the Congo: The Planting of More than One Million Trees Begins on the Batéké Plateaux

TotalEnergies SEAnnouncement

08/11/2021 07:25

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TotalEnergies SE: Republic of the Congo: The Planting of More than One Million
Trees Begins on the Batéké Plateaux

 

On the occasion of the National Tree Planting Day in the Republic of the
Congo, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has launched the
"Batéké Carbon Sink" afforestation operations. This large-scale project,
conducted in partnership with Forêt Ressources Management, consists of 40,000
hectares of planted forest on the Batéké Plateaux. Some 40 million trees
will be planted in total over 10 years and cared for over 35 years.

During the past eight months, local tree nurseries have already produced more
than one million plants, which will be progressively planted from the next
rainy season on the 800 hectares of land that have been prepared since last
summer.

"We are pleased to officially launch the Batéké Carbon Sink project, which
is a concrete example of TotalEnergies' commitment to the development of
natural carbon sinks, along with others. We warmly thank the Republic of the
Congo, whose support for the operation is essential, for its commitment to the
preservation of forests and the promotion of afforestation activities," said
Nicolas Terraz, President Exploration & Production at TotalEnergies.
"TotalEnergies' climate ambition is based on a panel of concrete actions,
aiming first to prevent and then to reduce our greenhouse gas emissions, and
finally to offset residual emissions. The planting of a new forest on the
Batéké Plateaux is a concrete illustration of this approach, complementing
all the other priority measures for preventing and reducing TotalEnergies’
emissions."

The 40,000 hectares planted will create a carbon sink that will sequester an
average of 500,000 tons of CO(2) per year over twenty years, equivalent to the
annual CO(2) emissions of an average European city of 70,000 inhabitants. The
carbon credits will be certified in accordance with the Verified Carbon
Standard (VCS).

The project, financed by TotalEnergies, includes agroforestry practices
developed with the local communities for agricultural production and
sustainable wood energy. It will create employment opportunities, with a
positive impact on several thousand people. In addition, a local development
fund will support health, nutritional and educational initiatives to benefit
neighboring villages.

***

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
CO(2)e 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.

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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
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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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