TotalEnergies SE
TTE
Energy
4
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
TotalEnergies SE — integrated oil major with LNG trading, pipeline, and regasification terminal operations globally.
TotalEnergies SE — integrated oil major with global refining, petrochemicals, and retail fuel station network across Europe and Africa.
AFSC Investigate: Exploitation of Natural Resources; TotalEnergies operations linked to resource extraction in occupied territories
TotalEnergies SE is one of the world’s seven supermajor integrated oil and gas companies, with its core business focused on the exploration, extraction, and production of fossil fuels. The company plans to increase its oil and gas production by approximately 3% per year, actively pursuing new offshore exploration permits, such as one awarded in the Congo Republic in 2025. This expansion strategy places the company on a continued fossil fuel growth course.
While the company reports a reduction of 1 Mt CO₂ from its oil and gas operations in 2025 and publishes sustainability reports, its fundamental business model remains centered on expanding fossil fuel production. Its planned production growth contradicts the International Energy Agency’s conclusion that no new oil and gas fields are compatible with limiting global warming to 1.5°C.
Research Sources
6 organizations
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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