REG-TotalEnergies SE United States: TotalEnergies Invests in Sustainable Forestry Operations to Preserve Sustainable Carbon Sinks

TotalEnergies SEAnnouncement

30/08/2024 14:15

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United States: TotalEnergies Invests in Sustainable Forestry Operations to
Preserve Sustainable Carbon Sinks

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a $100 million
agreement with Anew Climate, a North American leader in climate solutions, and
Aurora Sustainable Lands, a carbon-stewardship company and forest landowner in
the U.S. to deploy their projects aimed at protecting productive forests from
heavy timber harvesting, advancing conversion to sustainable management
practices, and enhancing their ability to store more carbon from the
atmosphere. The investment supports Improved Forest Management (IFM) practices
across a portfolio of 20 carbon projects, covering 300,000 hectares in 10
states across the U.S. (Arkansas, Florida, Kentucky, Louisiana, Michigan,
Minnesota, New York, Virginia, West Virginia, and Wisconsin). Anew Climate and
Aurora Sustainable Lands will provide operational oversight to ensure the
carbon projects meet the highest standards of additionality and durability.

The environmental benefits expected from this improved forest management
include the preservation of natural carbon sinks by reducing timber
harvesting, as well as water and soil quality improvement, biodiversity
protection and natural habitat conservation. The carbon credits generated will
be acquired by TotalEnergies and retired beyond 2030. After prioritizing
emission avoidance and reduction, the Company will use these credits to
voluntarily offset part of its remaining direct Scope 1 & 2 emissions.

TotalEnergies supports the U.S government Voluntary Carbon Markets Principles

TotalEnergies welcomes the Voluntary Carbon Markets Joint Policy Statement and
Principles guide issued by U.S. government on May 28, 2024. The Company’s
actions in nature-based solutions are aligned with these Principles,
particularly those focused on integrity, transparency and environmental
protection (full document available here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.whitehouse.gov%2Fwp-content%2Fuploads%2F2024%2F05%2FVCM-Joint-Policy-Statement-and-Principles.pdf&esheet=54115554&newsitemid=20240830964713&lan=en-US&anchor=here&index=1&md5=b6743b9526d35de35d65d1dcd3410d80)
).

"We are thrilled to partner with such experienced specialists as Anew Climate
and Aurora Sustainable Lands, who develop high-quality projects aimed at the
sustainable preservation of natural carbon sinks which is essential to achieve
carbon neutrality,” said Adrien Henry, Vice President Nature Based Solutions
at TotalEnergies Exploration & Production. “TotalEnergies has very
positively received the U.S. government’s recently published guiding
principles on Voluntary Carbon Markets and is committed to follow them to
contribute to strengthening integrity and transparency in these markets, as
demonstrated by this partnership.”

“Anew Climate is honored to partner with TotalEnergies on their journey to
reach carbon neutrality,” said Angela Schwarz, Anew Climate CEO. “As we
worked closely with the TotalEnergies Nature Based Solutions team throughout
the stringent due diligence process, it was clear that their commitment to
avoiding and reducing emissions as a first principle while recognizing the
co-benefits of investing in meaningful carbon projects as part of a
comprehensive climate action strategy aligned perfectly with Anew’s mission.
We have a shared belief that an ‘all of the above’ strategy is required to
achieve meaningful climate impact.”

“Aurora’s carbon stewardship enhances climate resilience while
safeguarding vital ecosystems across our forestlands,” said Jamie Houston,
CEO of Aurora Sustainable Lands. “Thanks to TotalEnergies’ steadfast trust
and investment across our portfolio, we can maintain the delicate balance
between forest health, soil quality, watersheds, and wildlife habitats.
Together we are yielding substantial and lasting climate impact at a massive
scale.”

***

About TotalEnergies Nature Based Solutions

As part of its climate ambition, and in addition to its existing 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 or improve their biodiversity. These operations follow a long-term
approach of sustainable and integrated economic development of areas with
local communities. TotalEnergies plans to invest $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.

Learn more with our TotalEnergies’ Sustainability and Climate 2023 –
Progress Report
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fsystem%2Ffiles%2Fdocuments%2F2023-03%2FSustainability_Climate_2023_Progress_Report_EN.pdf&esheet=54115554&newsitemid=20240830964713&lan=en-US&anchor=TotalEnergies%26%238217%3B+Sustainability+and+Climate+2023+%26%238211%3B+Progress+Report&index=2&md5=fea289de8be3624f17826d22cf9431f4)

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 more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and accessible to as
many people as possible. Active in nearly 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.

About Anew Climate

Anew Climate, LLC, is a global leader of diverse climate solutions built on
the principles of transparency and accountability. We bring innovative
products and services to the public and private sectors to help reduce or
offset their carbon footprints, restore the environment, and ensure our
clients’ investments create economic value as well as durable climate
impact. With deep market understanding, Anew leverages technological and
nature-based solutions to create value through the generation and marketing of
environmental credits for low carbon fuel, carbon, renewable energy, and
emissions markets. Anew is majority owned by TPG Rise, TPG’s global impact
investing platform. The Company has offices in the U.S., Canada, Spain, and
Hungary and an environmental commodities portfolio that extends across five
continents. Learn more at www.anewclimate.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.anewclimate.com&esheet=54115554&newsitemid=20240830964713&lan=en-US&anchor=www.anewclimate.com&index=3&md5=fbbfd75d72e6173b12794d5e6bde72b3)

About Aurora Sustainable Lands

Aurora Sustainable Lands is one of the world’s leading carbon removal
platforms and climate-focused asset managers. To date, Aurora has acquired
over 1.7 million acres of U.S. forestland with a history of industrial logging
and now manages these lands with a carbon stewardship management strategy that
focuses on maximizing natural carbon removal and storage potential. By
actively managing with this strategy and utilizing cutting-edge proprietary
technologies, Aurora taps into the oldest and most effective carbon removal
tool, trees, to offer nature-based carbon credits with unrivaled reliability,
durability, and quality and at an unprecedented scale. Aurora is a joint
venture between Anew Climate and a group of equity investors led by Oak Hill
Advisors, AB CarVal, EIG and GenZero among other leading financial sponsors.

TotalEnergies Contacts

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

@TotalEnergies
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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).



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