Initial Report(part2): TotalEnergies (TTE) , 38% 5-yr Potential Upside (VIP SEA, Claire CONTRI )

  1. thics

TotalEnergies operates in many different countries with disparate and complex economic, social, and cultural environments, where governments and civil society have especially high expectations of the company as an exemplar. Within this context, TotalEnergies strives to act as a vehicle for positive change in society by helping to promote ethical principles in every region where it operates. Accordingly, TotalEnergies is committed to respecting internationally recognized human rights wherever it operates, especially the Universal Declaration of Human Rights, the Fundamental Conventions of the International Labour Organization (ILO), the U.N. Guiding Principles on Business and Human Rights, the OECD Guidelines for Multinational Enterprises and the Voluntary Principles on Security and Human Rights (VPSHR). The company refrains from resorting to artificial or aggressive tax planning and in particular is committed not to create subsidiaries in countries generally acknowledged as tax havens and to repatriate or liquidate existing subsidiaries, where feasible. Furthermore, TotalEnergies is fully committed to fighting corruption and has adopted a zero-tolerance policy in that area. In addition to that commitment, it lends active support to initiatives promoting greater transparency. TotalEnergies publishes an annual report in its Universal Registration Document covering the payments made by the company’s extractive companies (fully consolidated entities) to governments and the full list of its consolidated entities, together with their countries of incorporation and operations. The company also publishes a tax transparency report, which provides additional

information on the taxes paid in its main countries of operation. TotalEnergies published a report based on the new EITI (Extractive Industries Transparency Initiative) guidelines in November 2020, which are designed to promote transparency in the trade of raw materials. In accordance with the EITI framework, of which it has been a member since 2002, TotalEnergies advocates for the disclosure by countries of their petroleum contracts and licenses.

  1. Conclusion

In conclusion, TotalEnergies presents promising prospects for potential investors. With its compelling business model and its ability to effectively capitalize on emerging renewables, engage in growth-focused strategic acquisitions, and streamline its core business operations better, the company is well on its way to capturing growth opportunities and cementing a solid market position. Coupled with favorable market conditions and a strong ESG profile, investing in TotalEnergies is recommended to maximize gains and achieve long-term sustainable returns.

  1. References

  • TotalEnergies. (2022). Universal Registration Document 2022. [online] Available at: https://totalenergies.com/sites/g/files/nytnzq121/files/documents/2023- 03/TotalEnergies_URD_2022_EN.pdf

  • Deloitte Research Center for Energy & Industrials. (2023). 2024 Oil and Gas Industry Outlook. [online] Available at: https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/oil-and-gas-industry-outlook.html

  • International Renewable Energy Agency (IRENA). (2022). World Energy Transitions Outlook: 1.5°C Pathway. [online] Available at: https://www.irena.org//media/Files/IRENA/Agency/Publication/2022/Mar/IRENA_World_Energy_Tr ansitions_Outlook_2022.pdf?rev=6ff451981b0948c6894546661c6658a1

  • Reuters. (February 8, 2023). Big Oil doubles profits in blockbuster 2022. [online] Available at: https://www.reuters.com/business/energy/big-oil-doubles-profits-blockbuster-2022-2023-02-08/

  • ESG Today. (December 12, 2023). TotalEnergies Announces a Series of Startup Acquisitions to Boost Electricity Business. [online] Available at: https://www.esgtoday.com/totalenergies-announces-a-series-of-startup-acquisitions-to-boost- electricity-business/

*Do note that all of this is for information only and should not be taken as investment advice. If you should choose to invest in any of the stocks, you do so at your own risk.

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