Total joins the Sea Cargo Charter, as Industry Giants Commit to Transparent Reporting of Shipping Em

The Sea sets a new benchmark for responsible shipping, transparent climate reporting, and improved decision making in line with United Nations decarbonization targets.Cargo Charter --(BUSINESS WIRE)--  PARIS Total (Paris:FP) (LSE:TTA) (NYSE:TOT):

A group of the world's largest energy, agriculture, mining, and commodity trading companies will for the first time assess and disclose the climate alignment of their shipping activities. United Nations agencies estimate the international shipping industry to carry around 80% of world trade flows and to be responsible for 2-3% of global greenhouse gas emissions annually. Large industrial corporations are significant users of international shipping services.

The shipping of crude oil, coal, iron ore, grain and other bulk commodities used worldwide make up over 80% of global seaborne trade. The Sea is a global framework that allows for the integration of climate considerations into chartering decisions to favor climate-aligned maritime transport.Cargo Charter The Sea establishes a common baseline to quantitatively assess and disclose whether shipping activities are aligned with adopted climate goals.

The Sea is consistent with the policies and ambitions adopted by member states of the International Maritime Organization (IMO), a specialized agency of the United Nations responsible for regulating shipping. This includes its ambition for greenhouse gas emissions from international shipping to peak as soon as possible and to reduce shipping's total annual greenhouse gas emissions by at least 50% of 2008 levels by 2050, with a strong emphasis on zero emissions.Cargo CharterCargo Charter "." underlinesTotal shares the ambition to get to net-zero emissions by 2050, together with society, for its global operations.

As a broad energy company, we are actively working on improving the environmental footprint of the maritime industry. By becoming today a founding member of the Sea , we reaffirm our support to this key sector. This pioneering initiative will provide a transparent standard emissions reporting approach and will pave the way for a sustainable shipping industryCargo Charter, Senior Vice President Shipping, Total Trading & Shipping.Luc Gillet

"" says .A standard greenhouse gas emissions reporting process will simplify some of the complexities often associated with reporting. It will encourage a more transparent and consistent approach to tracking emissions, which will be a critical part of making shipping more sustainable,of the Sea drafting groupJan Dieleman ChairCargo Charter The 17 Founding Signatories of the Sea include , and .

All other responsible shippers are invited to join the initiative.Cargo CharterAnglo AmericanADM, Bunge, Cargill Ocean Transportation, COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Shell, , Total, Trafigura,Torvald KlavenessOrsted "" says .The Sea enables leaders from diverse industry sectors to use their influence to drive change and promote shipping's green transition by choosing maritime transport that is aligned with agreed climate targets over that which is not,Cargo Charter, Managing Director, Head of Projects & Programmes at international non-profit, Global Maritime ForumJohannah Christensen The Sea is intended to evolve over time as the IMO adjusts its policies and regulations and when further adverse environmental and social impacts are identified for inclusion.

They also aim to support other initiatives developed to address climate, environment, and social risks in shipping, such as the Poseidon Principles.Cargo Charter The Sea is applicable to bulk charterers with interest in the cargo on board; those who simply charter out the vessels they charter in; as well as the disponent owners and all charterers in a charterparty chain. They apply globally, to all chartering activities where a vessel or vessels fall under the purview of the IMO.Cargo Charter

The development of the Sea has been led by global shippers - - and leading industry players - - with expert support provided by the and .Cargo CharterAnglo American, Cargill Ocean Transportation, Dow, Norden, Total, TrafiguraEuronav, Gorrissen Federspiel, Stena BulkGlobal Maritime Forum, Smart Freight Centre, University College London Energy Institute/UMAS,Stephenson Harwood About Total Total is a broad energy company that produces and markets fuels, natural gas and electricity.

Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * * Cautionary Note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions.

In this document, the terms "Total", "Total Group" and Group are sometimes used for convenience. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. 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 TOTAL 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. : Torben Vemmelund, head of Communications l +45 2224 1446 lSea Cargo Charter Contacts
[email protected]

Media Relations: +33 1 47 44 46 99 l l Twitter: @TotalPress Investor Relations: +44 (0)207 719 7962 lTotal Contacts [email protected][email protected]

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Source: TOTAL

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