Climate Change 2017 Information Request Total · 2017-03-07 · 03 July 2017 1 / 52 CDP Climate...

03 July 2017 1 / 52

CDPClimate Change 2017 Information Request

Total

Module: Introduction

Page: Introduction

CC0.1 Introduction

Please give a general description and introduction to your organization.

Total is an international energy company committed to leveraging innovation and initiative to provide a sustainable response to the growing energy demand. The companyranks fifth amongst international listed, integrated oil companies.

As the end of 2016, Total employs about 102,000 employees and has operations in more than 130 countries. As well as conducting its business according to the higheststandards of professional behaviour, Total maintains an ongoing commitment to transparency, dialogue and respect for others. The company is strategically dedicated tomeeting the challenges faced by all its businesses when developing natural resources, protecting the environment, integrating our operations into host country cultures, anddialoguing with civil society.

Total’s activities are divided into four main business segments:o Exploration and Production of oil and natural gas, and production of liquefied natural gas.o Gas, Renewables & Power (including trading and marketing of natural gas). Total is one of the largest solar energy operators in the world through its subsidiarySunPower. Total acquired battery manufacturer Saft in 2016 and Lampiris, which distributes electricity produced from renewables sources.o Refining & Chemicals covers refining of crude oil, petrochemicals and speciality chemicals (rubber processing, electroplating and biochemistry), and trading and shippingof crude oil and products.o Marketing & Services.

The creation of the Gas, Renewables & Power segment spearheads Total’s ambitions in low-carbon businesses by expanding in downstream gas and renewable energiesactivities, as well as in energy efficiency businesses. This segment brings together the Gas and New Energies divisions (excluding biotechnologies) and a new Innovation &Energy efficiency division. Concerning bioenergies, a new Biofuels division now regroups within the Refining & Chemicals segment all these activities. Total is today a majoractor in the solar power field, with activities along the entire photovoltaic value chain (Sunpower, Total Solar).

As a leading international oil and gas company, Total aims to become the responsible energy major by helping to supply accessible, affordable and clean energy to as manypeople as possible. To accomplish this goal, Total leverages its integrated business model, which enables it to capture synergies between the different activities of theGroup. To achieve its ambition, Total relies upon its operational excellence, technological expertise and capacity to manage complex projects.

The Group’s strategy is based on four main priorities:o driving profitable, sustainable growth in Exploration & Production’s hydrocarbon activities, with priority given to reducing production costs, disciplined investments andcash flow generation;o continuing to enhance the competitiveness of major integrated refining and petrochemical platforms;o increasing the distribution of petroleum products, particularly in high-growth regions, and offering innovative solutions and services that meet customers’ evolving needsabove and beyond the supply of petroleum products; ando expanding along the full gas value chain by unlocking access to new markets, and developing profitable low-carbon businesses, in particular renewable energies.

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This strategy incorporates the challenges of climate change, using as a point of reference the 2°C scenario of the International Energy Agency and its impact on energymarkets. Total’s challenge is to increase access to affordable energy to satisfy the needs of a growing population, while providing concrete solutions to help limit the effectsof climate change and supplying its clients with an energy mix featuring a progressively decreasing carbon intensity. Total also acknowledges the growing pressure onnatural resources, including water, which has been identified as a priority in the group’s environmental management and R&D efforts. The necessity to reduce water usefrom natural environments, minimize Total’s water dependency and lower emissions to water in compliance with local, national and international regulations is thus clearlypart of the group’s priorities.

The values of respect, responsibility and exemplary conduct underpin Total’s Code of Conduct and accompany priority business principles in the realms of safety, security,health, environment, integrity and human rights. It is through strict adherence to these values and principles that Total intends to build strong and sustainable growth for theGroup and its stakeholders and deliver on its commitment to better energy.

CC0.2 Reporting Year

Please state the start and end date of the year for which you are reporting data.The current reporting year is the latest/most recent 12-month period for which data is reported. Enter the dates of this year first.We request data for more than one reporting period for some emission accounting questions. Please provide data for the three years prior to the current reporting year if youhave not provided this information before, or if this is the first time you have answered a CDP information request. (This does not apply if you have been offered andselected the option of answering the shorter questionnaire). If you are going to provide additional years of data, please give the dates of those reporting periods here. Workbackwards from the most recent reporting year.Please enter dates in following format: day(DD)/month(MM)/year(YYYY) (i.e. 31/01/2001).

Enter Periods that will be disclosed

Fri 01 Jan 2016 - Sat 31 Dec 2016

CC0.3 Country list configuration

Please select the countries for which you will be supplying data. If you are responding to the Electric Utilities module, this selection will be carried forward to assist you incompleting your response.

Select country

Rest of world

CC0.4 Currency selection

Please select the currency in which you would like to submit your response. All financial information contained in the response should be in this currency.

USD($)

CC0.6 Modules

As part of the request for information on behalf of investors, companies in the electric utility sector, companies in the automobile and auto component manufacturing sector,companies in the oil and gas sector, companies in the information and communications technology sector (ICT) and companies in the food, beverage and tobacco sector(FBT) should complete supplementary questions in addition to the core questionnaire.

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If you are in these sector groupings, the corresponding sector modules will not appear among the options of question CC0.6 but will automatically appear in the ORSnavigation bar when you save this page. If you want to query your classification, please email [email protected] you have not been presented with a sector module that you consider would be appropriate for your company to answer, please select the module below in CC0.6.

Further Information

Total has operations in more than 130 countries: it would be cumbersome to list all these countries and, because of the spread of our operations among the differentregions, it would not be relevant to single out only a small number of significant countries. This is why we use "Rest of world" to provide global data. Direct scope 1 GHGemissions by region are provided in response to question CC9.1a.

Module: Management

Page: CC1. Governance

CC1.1

Where is the highest level of direct responsibility for climate change within your organization?

Board or individual/sub-set of the Board or other committee appointed by the Board

CC1.1a Please identify the position of the individual or name of the committee with this responsibility

(i) job title of the individual:Chaiman of the Board and Chief Executive Officer

(ii) description of his position in the corporate structure:Patrick Pouyanné, the Chaiman of the Board and CEO of Total, is responsible for climate change strategy at the Group scale on the long-term. At the beginning of this year,Total’s CEO has taken a decisive step by announcing the creation of a combined Strategy & Climate department (which is effective since September 2016) becauseclimate, a global concern, must be fully integrated into the Group’s overarching strategy.The Board of Directors of Total has always taken climate issues seriously. But what has changed significantly over the years is their relative importance in Total's globalstrategy. From 2008, climate issues have been treated as a completely separate environmental risk requiring specific measures to reduce the footprint of Total’s activities.More recently, these issues have been fully integrated into the company's business and strategic vision. Today, Total’s long-term strategy is built on addressing climate-related challenges. In 2015, as every year, the Board of Directors examined climate issues during its review of the strategies for Total’s business segments, presented bytheir respective senior executives. In addition, starting in 2016, the Board Compensation Committee has changed the criteria for the Chairman and Chief Executive Officer’svariable compensation to put more emphasis on achieving HSE and CSR objectives. The Board is fully committed to climate issues and this commitment will continue tosupport Total’s development in 2016. That is why the Board endorsed the company’s suggestion of publishing a Climate Report to coincide with the Annual Shareholders’Meeting.The highest person within the organization with day-to-day responsibility for climate change is Ladislas Paszkiewicz, the Senior Vice Presidentof the Strategy & Climatedivision since September 2016. He reports to the Director of Strategy & Innovation (Philipe Sauquet) who is a member of the Executive Committee of Total (the Group’sorganization chart can be found in Total’s 2016 Registration document, on pages 50-51). The role of the Senior Vice President of the Strategy & Climate divisionencompasses the incorporation of climate issues into the Group’s strategy. This includes setting targets to reduce greenhouse gas emissions and elaborating a Climateroadmap for the Group and periodically ensuring its implementation, etc.

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CC1.2 Do you provide incentives for the management of climate change issues, including the attainment of targets?

Yes

CC1.2a Please provide further details on the incentives provided for the management of climate change issues

Who is entitled to benefitfrom these incentives?

The type ofincentives

Incentivizedperformance

indicatorComment

Board chairmanMonetaryreward

Emissionsreduction target

Board Chairman and CEO: in 2013, the Board of Directors of Total decided to add a newcriterion for the attribution of the Chief Executive Officer’s variable remuneration portion, basedon the Corporate Social Responsibility (CSR) performance (CO2 emissions, energyefficiency,…) for the determination of the personal contribution made by the Chief ExecutiveOfficer (see Total’s 2016 Registration Document, p. 118-120 and slide 23 of Total's 2016General Annual Shareholder Meeting presentation). In 2015, the portion relating to theHSE/CSR performance criteria taken into account when calculating Mr. Pouyanné’s variablecompensation was set at a maximum of 16% of his base salary. For 2016, the Board ofDirectors increased this portion to 30%, with 20% tied to safety performance and 10% to CSRperformance. The latter is measured based on the achievement of targets for carbon emissions,energy efficiency and Total’s position in the rankings published by non-financial rating agenciesFor 2017, these proportions are maintained and CSR performance will notably take into accountclimate issues in the Group’s strategy as well as the Group’s reputation in the domain ofcorporate social responsibility.

Board/Executive boardMonetaryreward


Board Chairman and CEO: in 2013, the Board of Directors of Total decided to add a newcriterion for the attribution of the Chief Executive Officer’s variable remuneration portion, basedon the Corporate Social Responsibility (CSR) performance (CO2 emissions, energyefficiency,…) for the determination of the personal contribution made by the Chief ExecutiveOfficer (see Total’s 2016 Registration Document, p. 118-120 and slide 23 of Total's 2016General Annual Shareholder Meeting presentation). In 2015, the portion relating to theHSE/CSR performance criteria taken into account when calculating Mr. Pouyanné’s variablecompensation was set at a maximum of 16% of his base salary. For 2016, the Board ofDirectors increased this portion to 30%, with 20% tied to safety performance and 10% to CSRperformance. The latter is measured based on the achievement of targets for carbon emissions,energy efficiency and Total’s position in the rankings published by non-financial rating agenciesFor 2017, these proportions are maintained and CSR performance will notably take into accountclimate issues in the Group’s strategy as well as the Group’s reputation in the domain ofcorporate social responsibility.

Corporate executive teamMonetaryreward


Executive officers are generally incentivized on their ability to communicate on climate changeissues, whereas business unit managers and facility managers are incentivized on theachievement to meet emission reduction targets.

Executive officerMonetaryreward

Emissionsreductionproject

Executive officers are generally incentivized on their ability to communicate on climate changeissues, whereas business unit managers and facility managers are incentivized on theachievement to meet emission reduction targets.

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Who is entitled to benefitfrom these incentives?

The type ofincentives

Incentivizedperformance

indicatorComment

Business unit managersMonetaryreward


Total’s remuneration system for management and senior executives comprises a variablecomponent, which is linked to individual performance and the achievement of individuallyagreed performance targets. Depending on the responsibilities, individual targets of Totalmanagement relate to environmental or climate related issues (e.g. refinery and plantmanagers). Employee performance is assessed in a compulsory annual appraisal review.Total’s HSE performance recognition policy is used by Total managers throughout the Group.This HSE performance recognition policy was designed to drive improvement in three areas: •How management exercises its HSE responsibilities. • How individual performance is rewardedand/or sanctioned. • How collective performance is rewarded. Managers are assessed on thebasis of the specific KPIs (Key Performance Indicators) pertaining to their function and businessunit or corporate department. Attainment of GHG emissions reduction targets is part of the KPIsfor senior managers with relevant responsibility in that area.

Facility managersMonetaryreward

Emissionsreduction targetEnergyreduction targetEfficiency target


Environment/Sustainabilitymanagers

Monetaryreward



Attachments

https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/Shared Documents/Attachments/ClimateChange2017/CC1.Governance/Total - HSE Performancerecognition policy - 2011.pdfhttps://www.cdp.net/sites/2017/57/19257/Climate Change 2017/Shared Documents/Attachments/ClimateChange2017/CC1.Governance/Total - 2017 AGM presentationslides - 26-05-2017.pdfhttps://www.cdp.net/sites/2017/57/19257/Climate Change 2017/Shared Documents/Attachments/ClimateChange2017/CC1.Governance/Total - Integrating Climate into ourStrategy - May 2017.pdf

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Page: CC2. Strategy

CC2.1 Please select the option that best describes your risk management procedures with regard to climate change risks and opportunities

Integrated into multi-disciplinary company wide risk management processes

CC2.1a Please provide further details on your risk management procedures with regard to climate change risks and opportunities

Frequency ofmonitoring

To whom are resultsreported?

Geographicalareas

considered

How far intothe futureare risks

considered?

Comment

Six-monthly ormorefrequently

Board or individual/sub-set of the Board orcommittee appointed bythe Board

World > 6 years

Climate-Energy steering committee: In order to implement Total’s strategy and inline with the “One Total” company project, a new Strategy-Innovation corporatedivision was put in place, which includes a Strategy & Climate division tasked withincorporating climate issues into the Group’s strategy. This division reports to theChairman and CEO. Within this division, a Climate Steering Committee exists atthe management level, which includes representatives of diverse divisions such asHSE, Strategy & Climate (at corporate and business segments levels). Group RiskManagement Committee: see comment to question CC2.1b. The Group’s CO2achievements and objectives are presented once a year to Total’s executivecommittee. Risk Committee: prior to the presentation to / approval by the ExecutiveCommittee of each new project, a dedicated Risk Committee verifies the analysisof the various project-related risks, in particular on GHG emissions.

CC2.1b Please describe how your risk and opportunity identification processes are applied at both company and asset level

At company level:A Group Risk Management Committee acting upon mandate from the Executive Committee under the chairmanship of the Chief Financial Officer, gathers the Senior Vice-Presidents of main corporate divisions and Business divisions. Its objective is a better integration of risk management through a coordinated approach, and to:• identify cross-functional or emerging risks – including climate risks, both mitigation and adaptation - and assess residual risks on existing processes and, whenappropriate, elaborate proposals for additional processes so that they stand at levels deemed acceptable;• ensure that risks and relevant processes for addressing them are effectively handled by managers appointed within the organization;• approve the corporate communication plan concerning the global risk management framework - including climate related risks - and its further development.

The Board of Total has reassessed the importance of climate change in the Group’s strategy. From 2008, climate issues were treated as completely separate environmentalrisks, but they have now fully integrated into the company’s business and strategic vision. Total’s processes cover in particular regulatory risks and customer behaviouralchanges.

At asset level:Similarly, for all the Group’s assets, emerging risks – including climate risks - are identified by asset managers, who assess residual risks on existing processes and, whenappropriate, elaborate proposals for additional processes so that they stand at levels deemed acceptable.

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Management: for all important projects, Environmental and Social Baseline Studies and Impact Assessments are systematically conducted in the early stages of theseprojects, under the responsibility of the project manager.

The Risk Committee verifies the analysis of the various project-related risks in six main areas: environment (GHG emissions, water withdrawal, soil, etc,...), societal aspect,social aspects, health, industrial safety and security.

CC2.1c How do you prioritize the risks and opportunities identified?

For each new project, the criteria for determining materiality are defined in the “Corisk” checklist, which needs to be completed before submission to the Risk Committee,prior to the presentation to / approval by the Executive Committee.Priorities are defined by the Executive Committee depending on the importance of the project, based on a number of parameters (e.g. geopolitical situation or risks in thecountry, oil price, gas price, forecast of the price evolution,…). All these parameters are analyzed and updated each year in the long term plan documents (10 year forecast)prepared by each operational entity within the Group.

The Group’s Industrial Safety Guideline No. 8 defines the management process of technological risks of Total’s operations. This risk management aims at reducing the risksfor inside and for outside Total’s industrial sites to a level as low as reasonably practicable. The prioritization processes are the following:

1. Identification and characterization of hazards (substances, equipment, processes) and description of the area surroundings the facilities, and examination of thepossibilities for reducing hazard potential.

2. Preliminary evaluation of risks: definition and inventory of all possible accident scenarios resulting from identified hazards, taking into account the historical information onaccidents for similar products, processes or facilities.

3.Detailed study of the causes of the selected accident scenarios and of the risk-reducing measures taken when the facilities were designed, and quantification of theprobability of occurrence of the selected scenarios, of the possible impact and of the severity of potential damages; identification and evaluation of additional risk-reducingmeasures. This leads to prioritize risks through the use of a risk matrix, with a severity which can be low / moderate / high / very high.

4. Mitigation plan.

CC2.1d Please explain why you do not have a process in place for assessing and managing risks and opportunities from climate change, and whether you plan to introducesuch a process in future

Main reason for not having a process Do you plan to introduce a process? Comment

CC2.2 Is climate change integrated into your business strategy?

Yes

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CC2.2a Please describe the process of how climate change is integrated into your business strategy and any outcomes of this process

i) How Total’s business strategy is influenced - Internal processes:Regulatory watch: after the Paris agreement, Total decided, early 2016, to fully integrate climate into its strategy and to take into account the implications of the 2°Cscenario across its value chain. Total’s objectives for the next 20 years are to contribute to building a low-carbon future that does not curb economic and socialdevelopment, and that meets the challenges of demographic growth.Watch on prospective aspects: Total's strategy incorporates the challenges of climate change using the IEA 2°C prospective scenario (450 ppm) as a point of reference.External participations: Total is a member of OGCI and IPIECA and is involved in different working groups and task forces that help companies focus on best practices tointegrate climate risks and opportunities into their strategy.Total has also implemented a system to collect and monitor carbon data internally, a tool called Harpe.

ii) Examples of how the business strategy has been influenced:All this helped to inform Total’s board and top management’s decision to publish a specific report on climate in 2016, updated in May 2017 - and to create a combinedStrategy & Climate Division in the fall of 2016, because climate, a global concern, must be fully integrated into Total’s overarching strategy. Moreover, a new businesssegment called Gas, Renewables & Power (GRP) was created: it spearheads Total’s ambitions in low-carbon businesses by expanding in downstream gas and renewableenergies as well as in energy efficiency businesses.In addition, following completion of the sale in 2015 of its subsidiary Total Coal South Africa, Total ceased its coal production activities and in 2016, ended its coal tradingactivities. Total also chose to withdraw from China’s coal-to-olefins (CTO) project for producing plastics from coal, since it was no longer consistent with Total’s long-termstrategy.This business strategy is set by Total Executive Committee, and was clearly influenced by the global context of the energy transition. It is illustrated by the emissionsreduction targets set by Total’s Executive Committee on routine flaring and energy efficiency, as well as by the more overarching ambition to reduce Total’s carbon intensityin agreement with the IEA’s 2°C scenario.

iii) The main aspects of climate change that influenced our strategy:Regulatory changes: to ensure that investment projects are as profitable as anticipated in the desirable event that the international community agrees to put a cost on CO2emissions, investments have been valued since 2008 based on a cost of 25€/tCO2. As of 2016, this cost has been raised to 30 to 40 USD/tCO2 depending on the pricescenario retained. This is consistent with the prices generally required to favour, on the one hand, gas over coal for producing electricity and, on the other hand, R&D in newlow-carbon technologies.Opportunity to develop green business: focusing and developing Total’s gas business has been and is largely influenced by the climate change related need to acceleratethe growth of the gas share in the energy mix to replace coal.

iv) Influence on short term strategy:Total takes into account the challenges related to climate change and strives to improve the impact of its activities on the environment and the carbon intensity of itsproduction mix, by setting its short-term climate strategy around the following focal points:o Continue efforts in reducing GHG emissions. Total’s new set of targets and commitments (defined at the beginning of 2016) illustrates its efforts in reducing its direct GHGemissions through:• a 80% reduction of operated routine flaring (according to the World Bank’s Zero Routine Flaring initiative) over 2010-2020 with a view to eliminating it by 2030;• a 1% per year on average improvement in energy efficiency of operated installations over 2010-2020.o Select new oil and gas projects by focusing on low break-even costs, while meeting the highest standards of safety and environmental stewardship.o Improve the energy efficiency of its facilities and products. For example Total Ecosolutions program (96 different products and services labelled by end of 2016)o Continue to grow in solar energy: Total acquired a majority share in SunPower in 2011. In addition, Total develops and holds interests via Total Solar in solar farms and ispursuing R&D investments in the photovoltaic field through several industrial and academic partnerships.o Total is also investing in biomass projects (e.g. La Mède biorefinery (France), Amyris, etc.).

v) Influence on long term strategy:Through the integration of a CO2 / carbon cost in all new capital expenditure decisions since 2008 all of its new projects / activities brought to Total’s Excom directlyintegrate the impact of its future greenhouse gas emissions. Total strives to improve the impact of its activities on the environment and the carbon intensity of its productionmix, by setting its long-term climate strategy around the following focal points:

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o Focus more on gas than on oil, by deploying an aggressive natural gas strategy. Total’s ambition is “More than 60% gas in our production mix in 20 years’ time.”o Develop Carbon Capture, Utilisation and Storage (CCUS): up to 10% of its R&D spendingo Grow in renewable energies and low-carbon businesses. Total’s ambition is to have 20% of its portfolio in low-carbon businesses by 2035.Total has decided in 2015 to invest up to 500 MUSD per year in low-carbon businesses.This strategy is described in detail in Total’s specific Climate report, updated in May 2017.

vi) Paris Agreement influence (INDCs, etc.):In the wake of the Paris agreement, Total decided to implement a 2°C roadmap for its activities, to fully integrate climate change into its strategy and to create a new Gas,Renewables and Power division, whose director will be a member of the ExCom. In addition, for any new project, Total now considers how it might contribute to the localNDC.

vii) Strategic advantage:Being at the same time one of the largest gas player and a world solar leader provides Total a key competitive advantage in the race to prepare for the future. Engaging ininternational initiatives and seeking continuous improvement also enables Total to develop additional profitability and to differentiate from its main competitors.Within its ambition to develop new downstream activities, including distribution to individuals, Total has acquired Lampiris in 2016. Lampiris supplies gas, green power andenergy services.Moroever, the simultaneous growth of gas and renewables is encouraging Total to take a broader approach to the end-to-end electricity value chain. Total wants to developa renewable power trading business and positions itself in energy storage with the acquisition of Saft.

viii) forward-looking scenario analyses:Total has decided to use the IEA’s 2°C scenario as a baseline to reshape the company.

CC2.2b Please explain why climate change is not integrated into your business strategy

CC2.2c Does your company use an internal price of carbon?

Yes

CC2.2d Please provide details and examples of how your company uses an internal price of carbon

To ensure that investment projects are as profitable as anticipated in the desirable event that the international community agrees to put a cost on CO2 emissions,investments have been valued since 2008 generally based on a cost of 25€ per ton of CO2 emitted. As of 2016, new investments projects presented to the ExecutiveCommittee are evaluated using a long-term cost of 30 to 40 USD per ton of CO2 emitted depending on the oil price scenario retained, or the actual price if it is higher in agiven country. This cost bracket is consistent with the prices generally required to favour, on the one hand, gas over coal for producing electricity and, on the other hand,R&D in new low-carbon technologies.

CC2.3 Do you engage in activities that could either directly or indirectly influence public policy on climate change through any of the following? (tick all that apply)

Direct engagement with policy makersTrade associationsFunding research organizationsOther

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CC2.3a On what issues have you been engaging directly with policy makers?

Focus of legislation Corporate Position Details of engagement Proposed legislative solution

Other: European Union 2020objectives

Support

Total supports the greenhouse gas emission reductiontargets and the provisions approved in December 2008 inthe European Energy and Climate Change package for2020.

Total advocates that theimplementation of the directives hasto be as global as possible, andprogressive, in order not to underminethe competitiveness of the companiesconcerned.

Other: European Union 2030objectives

Support with minorexceptions

Total supports one single GHG reduction target forEurope, as described in January 2014 in the EuropeanEnergy and Climate Change package for 2030.

Total is in favor of one single EU-wideGHG emissions reduction target. Totaladvocates that the implementation ofthe directives have to be as global aspossible, and progressive.

Cap and tradeSupport with minorexceptions

Total supports market-driven carbon emission reductionsystems.

Strengthen international agreementfor the limitation of GHG emissionsthrough carbon marketimplementation and industryprotection.

Mandatory carbon reportingSupport with majorexceptions

Regarding the French “Grenelle II“ Law / section 75: “GHGemissions balance”, Total advocates to avoid overlappingregulations, as Total is already reporting emissionsthrough multiple mandatory and voluntary channels.

Harmonize the reporting methodologyamong various reporting schemes.Limit mandatory industry reporting toScope 1 and Scope 2 emissions.

Other: Flaring reduction SupportIn 2014, Total joined the initiative launched by the WorldBank and made a commitment to eliminate routine flaringfrom its operations by 2030.

Total advocates the emergence oflocal regulations in producingcountries in order to stimulateinfrastructures and gas to powerprojects that would help to reduceflaring.

Carbon tax Support

In 2014, Total decided to join the call of the United NationsGlobal Compact, which encourages companies to considera CO2 price internally and publicly support the importanceof such a price via regulation mechanisms suited to thelocal contexts. Total now also helps to deploy the WorldBank’s Carbon Pricing Leadership Coalition (CPLC).

Total advocates the introduction ofcarbon pricing frameworks in allcountries.

CC2.3b Are you on the Board of any trade associations or provide funding beyond membership?

Yes

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CC2.3c Please enter the details of those trade associations that are likely to take a position on climate change legislation

Trade association

Is yourposition

on climatechange

consistentwith

theirs?

Please explain the trade association's positionHow have you, or are you attempting to,

influence the position?

IPIECA Consistent

In support to UNFCCC work, IPIECA has launched, in Nov 2016,a report called “Exploring low-emissions pathways: Advancing theParis Puzzle”. This publication builds on IPIECA’s 2015 ParisPuzzle, providing perspective on the common elements andenablers of pathways to meet a low-emissions future.

Florent Journet-Cuenot (Total) was co-chair of the Climate Change working groupof IPIECA, who produced these twopapers.

OGCI (Oil & Gas ClimateInitiative)

Consistent

Launched in early 2014, the Oil and Gas Climate Initiativecurrently has 10 members, BP, Eni, Pemex, Reliance, Repsol,Saudi Aramco, Shell, Sinopec, Statoil and Total. The vision for theOGCI is to become a more recognized and ambitious provider ofpractical solutions to climate change mitigation. The values of theOGCI are based upon a bottom-up, voluntary, industry-ledinitiative that encourages a wide range of actors in the oil and gasindustry to work in a collaborative manner to deliver a tangible,credible, transparent and integrated contribution to climatechange solutions.

Patrick Pouyanné (CEO of Total) is anactive member of the OGCI CEOs SteeringCommittee. Gérard Moutet (Total) is thechair of the Executive Committee of OGCI.Several people of Total’s corporateStrategy & Climate team are very active inthis association.

CEFIC (European ChemicalIndustry)

Mixed

The European chemical industry supports the fight against climatechange and the Commission’s ambition to transform the EU into acompetitive low carbon economy. The EU Emissions TradingSystem (ETS) is a key instrument in the implementation of thiscommon ambition. The ETS reform provides a real opportunity tocreate a dynamic, flexible system for carbon leakage protectionthat would retain the current incentives while fostering companieswho wish to invest and grow in the EU.

Bernard Pinatel, Head of the Refining &Chemicals division of Total, is a CeficBoard and Executive Member. Total alsoparticipates in various CEFIC workinggroups on Energy and Climate.

Fuels Europe MixedFuels Europe recognizes that climate change is a globalchallenge, which requires global actions.

Total participates in the Working Groups onTransportation issues (how to best mitigateand reduce GHG emissions of the transportsector).

IOGP Mixed

IOGP supports the international community’s commitment toaddress the global challenge of climate change. IOGP alsobelieves that the Oil and Gas industry is very much a part of thesolution to this challenge and that it can be addressed whilemeeting society’s future energy needs.

Total is an active member of the Energy &Climate working Group of IOGP.

CC2.3d Do you publicly disclose a list of all the research organizations that you fund?

Yes

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CC2.3e Please provide details of the other engagement activities that you undertake

Total actively engages with policy makers on climate change related issues and other topics through a number of either worldwide, European or national (i.e. French) tradeorganizations (IPIECA, IOGP, WBCSD, AFEP, ERT, MEDEF, UFIP, CEFIC, EUROPIA, CONCAWE, IDDRI…), and also as an individual company. For instance, in 201¬6,Total continued to sponsor, at the Paris Dauphine University in France, a chair on the economics of climate.

Total also supports the following organizations an initiatives:o The World Bank’s Zero Routine Flaring by 2030 initiative;o The Climate and Clean Air Coalition’s Oil & Gas Methane Partnership;o The U.N. Global Compact’s Caring for Climate initiative;o The World Bank’s Carbon Pricing Leadership Coalitiono The Paris Pledge for Action to limit the average global temperature rise to less than 2°C;o The French Business Climate Pledge, a commitment by 39 French companies to combat climate change;o A Coalition to Contribute to Universal Access to Energy, bringing together 25 international businesses and organizations;o The Terrawatt Initiative, which brings together key players in the private sector to promote affordable solar energy around the world.o The Climate Leadership Council, which promotes a carbon dividends framework as a pragmatic solution to tackle climate change.

CC2.3f What processes do you have in place to ensure that all of your direct and indirect activities that influence policy are consistent with your overall climatechange strategy?

Total has adopted a lobbying ethics charter that is published on its website (www.total.com). It governs Total’s practices and ensures that our publicly stated positions areconsistent with those conveyed through our lobbying, either directly or indirectly, through professional organizations or associations. The consensus required by theseorganizations does not always reflect our position. In such cases, Total believes that it is preferable to promote its ideas from within by working to convince its peers of toadopt its position, rather than leave the discussions. Total’s participation in these organizations, beneficial in many ways including sharing of best practices, does notprevent us from publicly defending our positions, even when they differ from those of the organizations to which Total belongs. In the event of a difference, Total’s positionprevails. Mindful of the need to be fully transparent on climate-related issues, Total is committed to publishing a list of all of the professional organizations and associationsof which Total is a member.

The Climate-Energy steering committee is a cross functional committee, under the responsibility of the Director of the Strategy & Climate division and which includesrepresentatives of diverse divisions such as HSE, Strategy & Climate (at corporate and business segments levels). Its aim is to coordinate, streamline and optimize theGroup’s climate change positions and engagement and the overall management of CO2 policies around the world as well as to contribute to improving the energy efficiencyof our installations by setting objectives and following the achievements. The Climate-Energy steering committee meets at least two times per year. It prepares the set ofobjectives for the Group in terms of emissions reduction. Then these objectives are approved by the Executive Committee.

The Climate-Energy steering committee is Total’s main tool to ensure that our activities that influence policy are consistent with our overall climate change strategy.

Total’s participation in these organizations, beneficial in many ways including sharing of best practices, does not prevent the company from publicly defending its positions,even when they differ from those of the organizations to which Total belongs. In the event of a difference, Total’s position prevails.

CC2.3g Please explain why you do not engage with policy makers

Attachmentshttps://www.cdp.net/sites/2017/57/19257/Climate Change 2017/Shared Documents/Attachments/ClimateChange2017/CC2.Strategy/Total - Lobbying Ethics Charter -January 2016.pdf

03 July 2017 13 / 52

Page: CC3. Targets and Initiatives

CC3.1 Did you have an emissions reduction or renewable energy consumption or production target that was active (ongoing or reached completion) in the reportingyear?

Absolute targetIntensity target

CC3.1a Please provide details of your absolute target

ID Scope% of

emissionsin scope

%reduction

frombaseyear

Baseyear

Normalizedbase yearemissionscovered by

target

Targetyear

Is this ascience-basedtarget?

Comment

Abs1 Scope 1 15% 80% 2010 8140000 2020

No, but weanticipatesetting one inthe next 2years

Total’s new set of Group targets and commitments (defined at thebeginning of 2016) illustrates our efforts in reducing our direct GHGemissions through, in particular, a 80% reduction of operatedroutine flaring (according to the World Bank’s Zero Routine Flaringinitiative) over 2010-2020 with a view to eliminating it by 2030. It isassumed that 1 Mm3/day of flaring is equivalent to 1.1 Mt CO2 peryear.

Abs2 Scope 1 15% 100% 2010 8140000 2030


Total’s new set of Group targets and commitments (defined at thebeginning of 2016) illustrates our efforts in reducing our direct GHGemissions through, in particular, a 80% reduction of operatedroutine flaring (according to the World Bank’s Zero Routine Flaringinitiative) over 2010-2020 with a view to eliminating it by 2030. It isassumed that 1 Mm3/day of flaring is equivalent to 1.1 Mt CO2 peryear.

03 July 2017 14 / 52

CC3.1b Please provide details of your intensity target

ID Scope% of

emissionsin scope

%reduction

frombaseyear

MetricBaseyear

Normalizedbase yearemissionscovered by

target

Targetyear

Is this ascience-basedtarget?

Comment

Int1

Scope1+2(market-based)

100% 10%

Other:based onenergyconsumed

2010 100 2020


Total’s new set of Group targets and commitments(defined at the beginning of 2016) illustrates ourefforts in reducing our direct GHG emissions through,in particular, a 1% per year on average improvementin energy efficiency of operated installations over2010-2020. The Group’s Energy efficiency indexresults of the EE indices from Upstream andDownstream activities, and is generally expressed asthe consumed energy, divided by production. It is notstraightforward to express it in terms of CO2emissions, but this target covers the whole activitiesof Total, therefore the whole emissions of Total.

CC3.1c Please also indicate what change in absolute emissions this intensity target reflects

ID

Direction ofchange

anticipated inabsolute Scope1+2 emissions

at targetcompletion?

% changeanticipated in

absolute Scope1+2 emissions

Direction ofchange

anticipated inabsolute Scope3 emissions at

targetcompletion?

% changeanticipated in

absolute Scope3 emissions

Comment

Int1 Decrease 10 No change 0

Total has set a corporate-wide energy efficiency target of 1% per year inaverage between 2010 and 2020 (Scope 1+2). The percentage indicatedhere is not fully relevant as Energy Efficiency cannot be translated inemission reduction as such.

CC3.1d Please provide details of your renewable energy consumption and/or production target

IDEnergy types

covered by targetBase year

Base year energy forenergy type covered

(MWh)

% renewableenergy in base

yearTarget year

% renewableenergy in target

yearComment

03 July 2017 15 / 52

CC3.1e For all of your targets, please provide details on the progress made in the reporting year

ID

%complete

(time)

% complete(emissions or

renewableenergy)

Comment

Abs1 60% 97%

Total is currently on track to reach this target. Flaring of associated gas coutinued todecline sharply in 2016 (- 27%compared to 2015), in particular due to operational improvements carried out in Nigeria at the Ofon offshore field, whichceased its continuous flaring. The volumes of routine flared associated gas totaled 1.7 Mm³ / d in 2016. Total hasdecreased routine flaring by 77% since 2010, thus the target is 97% complete in emissions ((77/80)*100)

Abs2 30% 77% Total is currently on track to reach the Zero Routine Flaring target.

Int1 60% 90%The objective is set in terms of energy efficiency and NOT in a reduction of CO2 emissions. Total believes that an energyefficiency target is more relevant for its businesses. Nevertheless, Total has indicated here that the Group EnergyEfficiency Index has decreased by 9% from 2010 to end of 2016 (objective: 10% for the period 2010-2020).

CC3.1f Please explain (i) why you do not have a target; and (ii) forecast how your emissions will change over the next five years

CC3.2 Do you classify any of your existing goods and/or services as low carbon products or do they enable a third party to avoid GHG emissions?

Yes

CC3.2a Please provide details of your products and/or services that you classify as low carbon products or that enable a third party to avoid GHG emissions

Level ofaggregation

Description of product/Group ofproducts

Are youreporting

low carbonproduct/sor avoidedemissions?

Taxonomy,project or

methodologyused toclassify

product/s aslow carbon

or tocalculateavoided

emissions

%revenuefrom lowcarbon

product/sin the

reportingyear

% R&D inlow

carbonproduct/s

in thereporting

year

Comment

Group ofproducts

1/Total Ecosolutions labelled products:our Total Ecosolutions offer encompassesproducts or services that provide asignificant competitive advantage in termsof environmental impacts reduction(reducing consumption of energy, waterand other resources or environmentalimpact) when compared with the market

Avoidedemissions

Other: 10%

More than10% butless than orequal to20%

This Total Ecosolutions program isfocusing on excellence products with aquantifiable environmental benefitcompared to the market reference. Thelabelling process is based oninternational ISO 14020 and 14021standards governing environmentalclaims, particularly the accuracy of these

03 July 2017 16 / 52

Level ofaggregation


Are youreporting


Taxonomy,project or




emissions


product/sin the

reportingyear

% R&D inlow

carbonproduct/s

in thereporting

year

Comment

standard. It represents 96 products andservices as of the end of 2016. Amongthese products: Fuel Eco lubricants,motor fuels, bitumen, special fluids andsolvents, polymers, resins, solar panels...The sales in 2016 of Total Ecosolutionsproducts and services avoided 1.75million metric tons of carbon dioxide.2/White Certificates (or Energy EfficiencyCertificates) exist in various Europeancountries (Italy, UK, Denmark, France,etc.). In France, Total’s compliance withenergy efficiency certificate requirementshas led to 10 TWhc/year of energysavings during the last five years. 3/ InAugust 2016, Total has a acquired 100%interest in SAFT Group, a world leadingdesigner of and manufacturer ofadvanced technology batteries for theindustry. Though this acquisition, Total isgaining development capacities ofelectricity storage that is essential for thedevelopment of renewable energies andfor the reduction of emissions in thetransport sector in particular. 4/ Within itsambition to develop new downstreamactivities, including distribution toindividuals, Total has acquired Lampiris in2016. Lampiris supplies gas, green powerand energy services such as insulation,furnace maintenance, wood and pelletsfor heating, and smart thermostats.Lampiris, which currently supplies morethan a million accounts in Europe. 5/Following completion of the sale in 2015of its subsidiary Total Coal South Africa,the Group ceased its coal production

claims, and the compliance of thelabeling process with these standards isverified by an external independentauditor. Total follows also the % of ourmain markets offering at least one TotalEcosolutions offer to its customers. TotalEcosolutions Products represented about10% of total net operating revenues ofMarketing & Services business segmentin 2016. 3/ The avoided emissions due tothe activity of Saft will be assessed in anear future. 4/ The avoided emissionsdue to the activity of Lampiris will beassessed in a near future.

03 July 2017 17 / 52

Level ofaggregation


Are youreporting


Taxonomy,project or




emissions


product/sin the

reportingyear

% R&D inlow

carbonproduct/s

in thereporting

year

Comment

activities. In addition, in 2016 the Groupended its coal trading activities. 6/ On theother hand, Total is increasing its share ofgas production, which emits half as muchof GHG than coal. In addition, inemerging countries, which cumulate agrowing need of electricity and highstakes in GHG reduction, Total reinforcesaccess to a more and more competitivegas by operating new Floating Storageand Regasification Units (FSRU).

Group ofproducts

1/ SunPower photovoltaic solar panels:SunPower, operates over the entire solarpower value chain. It designs,manufactures and supplies cells as wellas the highest-efficiency crystalline siliconbased solar panels, and is active in thedesign and construction of large turnkeypower plants and in the marketing ofintegrated solar solutions fordecentralized electricity generation PVpanels.2/ Amyris Inc., the Group’s first significantequity investment in biotechnologies,transforms sugarcane juice intomolecules of interest for perfumes andcosmetics as well as farnesene, amolecule of interest for a number ofchemical or downstream oil markets,including specialty products and fuels(diesel or jet). Biosourced jet fuelproduced from farnesene received thecertification required in 2014 to be soldworldwide to airlines, and proved itstechnical performance through its use oncommercial flights, especially with AirFrance and KLM.

Low carbonproduct

Other: 10%

More than10% butless than orequal to20%

Most low carbon businesses are underthe responsibility of the new Gas,Renewables & Power (GRP) segment.The revenues from sales of GRPrepresented approximately 10% of theGroup revenues from sales in 4Q2016and 1Q2017. 1/ Cumulated GHGemission of additional SunPower PVplant installed are compared tocumulated GHG emission of equivalentlocal electricity mix (kg CO2eq, over 30years lifetime). The avoided emissionscorresponding to SunPower PV plantsinstalled by end of 2016 are estimated to4.9 Mt CO2 /year. For the 2016 salesonly, these are estimated to 1.1 Mt/year.3/ La Mède capacity: 500 kt / y of biofuel.4/ network of 450 natural gas vehiclefueling stations worldwide.

03 July 2017 18 / 52

Level ofaggregation


Are youreporting


Taxonomy,project or




emissions


product/sin the

reportingyear

% R&D inlow

carbonproduct/s

in thereporting

year

Comment

3/ Biomass to fuels - production ofbiofuels; in particular, La Mède refinery istransformed as a bio-refinery, expected tobegin work in 2017 with a plannedproduction capacity of almost 500 kt / y ofbiofuel, mainly high-quality biodiesel(HVO), but also biojet and petrochemicalbio-feedstocks. 4/ In May 2017, Totalacquired the Dutch company PitPointB.V., Europe’s third-largest provider ofnatural gas vehicle fuel (NGV). 5/Polymers for the car industry: Totalcommercializes polymers of its own,which can reduce material thicknessesand thus reduce vehicle weight andimprove their energy efficiency.

CC3.3 Did you have emissions reduction initiatives that were active within the reporting year (this can include those in the planning and/or implementation phases)

Yes

CC3.3a Please identify the total number of projects at each stage of development, and for those in the implementation stages, the estimated CO2e savings

Stage of development Number of projectsTotal estimated annual CO2e savings in metric tonnes

CO2e (only for rows marked *)

Under investigation 100

To be implemented* 3 1000000

Implementation commenced* 5 3000000

Implemented* 1 2700000

Not to be implemented 0

03 July 2017 19 / 52

CC3.3b For those initiatives implemented in the reporting year, please provide details in the table below

Activitytype

Description ofactivity

EstimatedannualCO2e

savings(metrictonnesCO2e)

ScopeVoluntary/Mandatory

Annualmonetarysavings

(unitcurrency

- asspecifiedin CC0.4)

Investmentrequired

(unitcurrency -

asspecifiedin CC0.4)

Paybackperiod

Estimatedlifetime of

theinitiative

Comment

Other

Flaring reductionprojects: Valuation ofthe flared gas intoelectricity generation

2700000 Scope 1 Voluntary 80000000 40000000021-25years

Ongoing

Monetary savings are estimated onthe basis of Total’s internal carbonprice. Based on externally availableliterature and internal studies, theinvestment required lies between 30and 300 USD per ton of CO2.

CC3.3c What methods do you use to drive investment in emissions reduction activities?

Method Comment

Compliance with regulatoryrequirements/standards

EU ETS, Carbon Pollution Reduction Scheme (CPRS – Australia)

Dedicated budget for energy efficiency In Exploration & Production and the Refining & Chemicals divisions

Dedicated budget for low carbonproduct R&D

Chemicals sector: 20% of R&D budget dedicated to “green chemistry”

Dedicated budget for other emissionsreduction activities

Total Ecosolutions program, and dedicated budget for CCS (CO2 capture and storage) R&D

Employee engagement Under consideration; projects are being defined

Internal price on carbonAs of 2016, new investments projects presented to the Executive Committee are evaluated using a lon-term cost of 30to 40 USD per ton of CO2 emitted depending on the oil price scenario retained, or the actual price if it is higher in agiven country.

Partnering with governments ontechnology development

In particular, with the French agency ADEME, and also through the participation in R&D JIPs (Joint Industry Projects) inCanada and Australia

CC3.3d If you do not have any emissions reduction initiatives, please explain why not

03 July 2017 20 / 52

Further Information

Integrating climate issues into our strategy goes beyond reducing emissions at our facilities. It also involves gradually decreasing the carbon intensity of our production mix.Total takes the 2°C scenario into account in its strategy. The carbon intensity of our primary energy production mix is the ratio between: • CO2 emissions across theentire life cycle of products, limited to the year in question if necessary. • primary energy production related to these products during the year in question. Total’sambition in 20 years is that our growth in gas and renewable energy production will indeed enable us to steadily improve the carbon intentity of the energy that Total deliversto its clients. To do this, Total compares the change in the carbon intensity of its projected growth profile for primary energy production to the change in carbon intensityunder the 2°C scenario, on a like-for-like energy basis (coal, oil, gas, solar, wind power and biofuels). Total expresses carbon intensity in tCO2 / toe of primary energy. Thiscarbon intensity has been developed with the external assistance of consultancy Carbone 4, and seems to be very relevant compared to recent works shared by Mr.Richard Heede. The discussions with the CDP during the preparation of Total’s response to the Climate Change questionnaire have not made it possible to translate this2035 ambition into a long-term intensity objective, in particular in the absence of a validated SBT methodology for the Oil & Gas sector.

Page: CC4. Communication

CC4.1 Have you published information about your organization’s response to climate change and GHG emissions performance for this reporting year in places otherthan in your CDP response? If so, please attach the publication(s)

Publication StatusPage/Section

referenceAttach the document Comment

In mainstream reports (including anintegrated report) but have not usedthe CDSB Framework

Complete 157-160https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/SharedDocuments/Attachments/CC4.1/A - Total - Registration Document 2016.pdf

In other regulatory filings Complete 157-160https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/SharedDocuments/Attachments/CC4.1/A - Total - Form 20-F 2016.pdf

In voluntary communications Complete 1-118https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/SharedDocuments/Attachments/CC4.1/A - Total - Factbook 2016.pdf

In voluntary communications Complete 1-44https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/SharedDocuments/Attachments/CC4.1/Total - Integrating Climate into our Strategy - May2016.pdf

In voluntary communications Complete 1-52https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/SharedDocuments/Attachments/CC4.1/A - Total - Integrating Climate into our Strategy -May 2017.pdf

Further Information

03 July 2017 21 / 52

Module: Risks and Opportunities

Page: CC5. Climate Change Risks

CC5.1 Have you identified any inherent climate change risks that have the potential to generate a substantive change in your business operations, revenue orexpenditure? Tick all that apply

Risks driven by changes in regulationRisks driven by changes in physical climate parametersRisks driven by changes in other climate-related developments

CC5.1a Please describe your inherent risks that are driven by changes in regulation

Risk driver DescriptionPotentialimpact

TimeframeDirect/Indirect

LikelihoodMagnitudeof impact

Estimatedfinancial

implications

Managementmethod

Cost of management

Internationalagreements

Some investorsmay divest fromTotal if theyconsider thatsome of ourassets arestranded.Indeed, theUNFCCC ParisAgreement hasset a clear 2°Cobjective for theworld, and hasengagedcountries to takeaction in order toreach thisobjective. If theworld is to havea chance of notexceeding globalwarming of 2°C,a carbon budgetshould not beexceeded. Thishas led someanalysts toconsider that

Reducedstock price(marketvaluation)

1 to 3 years Direct LikelyLow-medium

To ensure theviability ofTotal’s projectsand our long-term strategywith regard toclimate changeissues, Totalapplies aninternal CO2price of 30 to40 USD / ton,depending onthe oil pricescenario or theactual price if itis higher in agiven country,whenevaluating ourinvestments.This isconsistent withTotal’s supportformechanisms toreplace coalwith gas in

PatrickPouyanné, theChaiman of theBoard andCEO of Total,has taken adecisive stepby creating acombinedStrategy &Climatedepartment,becauseclimate, aglobal concern,must be fullyintegrated intothe Group’soverarchingstrategy. Themanagementmethod byTotal’s Boardis clearly set:1. Divestmentfrom assetswhich are nolonger

To take care of thesetopics: cost estimated at1 M€ to 2 M€ (whichrepresents 10 FTEs ofthe Climate team +preparation/participationof business segmentsto Board meetings,“Corisk” meetings, andClimate-EnergySteering Committeemeetings).

03 July 2017 22 / 52




Estimatedfinancial

implications

Managementmethod

Cost of management

coal, oil and gasreserves ofpublicly listedcompanies are‘unburnable’ –the so-calledstranded assets.

powergeneration andour investmentin R&D on low-carbontechnologies.The price oncarbon hassome impacton the overallfinancialsituation ofTotal: studieshave shownthat a long-term CO2 priceof USD 40 perton (1) appliedworldwidewould have animpact ofaround 5% onTotal’sdiscountedpresent value(upstream anddownstreamassets). Total’sportfolio cantherefore beconsideredresilient undersuch ascenario. (1)Effective from2021, or thecurrent price ifhigher in agiven country.

consistent withthis strategy.An example isthat, followingcompletion ofthe sale in2015 of itssubsidiaryTotal CoalSouth Africa,the Groupceased its coalproductionactivities. Inaddition, in2016 theGroup endedits coal tradingactivities.Similarly, theGroup has alsodecided toretrieve fromthe CTOproject (CoalTo Olefins) inChina inAugust 2016.2. Selection ofnew oil andgas projects byfocusing onlow break-evencosts, whilemeeting thehigheststandards ofsafety andenvironmentalstewardship:an example isthe use byTotal of a meritcurve for anynew

03 July 2017 23 / 52




Estimatedfinancial

implications

Managementmethod

Cost of management

development.3. Focus moreon gas than onoil, bydeploying anaggressivenatural gasstrategy. Gasemits half asmuch of GHGthan coal. Ourambition is“60% gas inour productionmix in 20years’ time.” 4.Developmentof CarbonCapture,Utilisation andStorage(CCUS). 5.Anotherexample is thatTotal continuesto increase itspresence inthe renewablesector and lowcarbon sector.In 2016, Totalacquired SAFT+ Lampiris +creation ofTotal Solar.

Carbontaxes

More and morecountries arelikely to adoptcarbon taxes toaccelerate thelow carontransition. As anexample, TotalE&P Kazakhstanis current

Increasedoperationalcost

3 to 6 years Direct LikelyMedium-high

As an examplefor Total E&PKazakshstan,the impactcould bearound 5MUSD / yearduring the firstyears of theexistence of

To ensure theviability of itsprojects and itslong-termstrategy withregard toclimate changeissues, Totalapplies aninternal CO2

To take care of thesetopics: cost estimated at0.5 M€ to 1M€ (whichrepresents 3 FTEs ofresources dedicated tocarbon pricingmechanisms + supportto the Climate EconomyChair, an academicinitiative).

03 July 2017 24 / 52




Estimatedfinancial

implications

Managementmethod

Cost of management

assessing theimpact of newcarbon pricingregulation ontheir activity.

the carbonmarket.

price of USD30 to USD 40per ton,depending onthe oil pricescenario or theactual price if itis higher in agiven country,whenevaluating ourinvestments.This isconsistent withour support formechanisms toreplace coalwith gas inpowergeneration andour investmentin R&D on low-carbontechnologies.The Group ispart of theWorld BankCarbon PricingLeadershipCoalition(CPLC) whichhelpsanticipatingthese changes.As anexample, TotalE&PKazakhstanare alreadystress-testedagainst thepotential futureCO2 costs byevaluating theimpact on the

03 July 2017 25 / 52




Estimatedfinancial

implications

Managementmethod

Cost of management

Net PositiveValue of CO2prices of 30 to40 USD perton.

Cap andtradeschemes

Total’s mainemitting siteslocated inEurope arecomplying withthe Europeancarbon market(EU-ETS). Therisk for Total is aloss ofcompetitivenesson theinternationalscale, inparticulartowardscompetitorslocated outsidethe EuropeanUnion, which arenot subject tosimilarregulation. Theimplementationof the MarketStability Reservewhich will comeinto effect in2019, will reducethe amount ofauctioned quotasin an attemptfrom the EUCommission todrive the EU-ETS price up.


3 to 6 years Direct LikelyMedium-high

The risk isinherent to the“automaticcharacteristic”of the MSRwhich is totallyunpredictableand blind.Therefore theEU-ETS pricecan goextremely highor on thecontrary godown, withoutany possibilityto control andsmooth thosetrends. Someanalystsforecast noeffect on theprice, someother analystexpect theprice to go upto over 20 €/t,in which casethecorrespondingannualfinancialimpact wouldbeapproximately130 million €(at thecurrentlyestimated 6.5million tons not

Relatedinvestmentsmade ininstallations (inparticular inrefineries andpetrochemicalplants inEurope) tomitigate ourexposure risk,by advancingnewtechnologies tolimit GHGemissionsthrough theimprovementof energyefficiency, withclear goals setfor the Group(-1% per year).TOTAL usesthe mostappropriatearchitecturesand equipmentand introducestechnologicalinnovations.For example,on offshoreproductionbarges,offshoreplatforms andonshorefacilities, heatrecovery

To take care of thesetopics: cost estimated at0.5 M€ to 1M€ (whichrepresents 3 FTEs ofresources dedicated tocarbon pricingmechanisms + supportto the Climate EconomyChair, an academicinitiative).

03 July 2017 26 / 52




Estimatedfinancial

implications

Managementmethod

Cost of management

covered byquotas).

systems at gasturbineexhausts havebeenimplementedtherebyavoiding theneed forfurnaces orboiler systems.For someoffshoreprojects, suchas MartinLinge (Hild) inthe NorwegianNorth Sea, an“all-electric”facility hasbeen put inplace.Electricity isproducedonshore thentransportedundersea tothe platform,resulting inhigherefficiencycompared toelectricitygenerated onan onshoreplatform. Theuse of energysavingscertificates inEurope (fuelsales). Theuse of a 30$ to40$ / tCO2shadow pricein all of ourinvestment

03 July 2017 27 / 52




Estimatedfinancial

implications

Managementmethod

Cost of management

decisions, tomake sure ourassets areresilient evenin a CO2pricedenvironment.Optimisecompliancewith the EUETS, through aclosemonitoring ofpositions,improvementprojects and,whennecessary,markettransactions.Preparations todeal withphase III(2013-2020) ofthe EU ETSare currentlyunder way viathe“comitology”process.

03 July 2017 28 / 52

CC5.1b Please describe your inherent risks that are driven by changes in physical climate parameters

Riskdriver

DescriptionPotentialimpact


LikelihoodMagnitude of

impactEstimated financial

implicationsManagement

methodCost of

management

Tropicalcyclones(hurricanesandtyphoons)

The tendencyobserved inrecent yearsshows thathurricanes tendto becomestronger than inthe past. Thiscould have animpact on thecontinuity ofTotal’soperations,especially inExploration andProduction, andRefing andPetrochemicals,in particular incyclone-proneareas. Thesephysical riskscould affectTotal’sbusiness andvalue chain inthe followingway: • Theutilization rateof theproductioncapacity couldbe less thanexpected in theevent of majorphysicalincident. • Theotherconsequenceswould be therepair costs torestore anormal situation


>6 years Direct Very likely Low-medium

For Total, thefinancialimplications aregenerally estimatedon the basis on anumber of days oflost production on asite and thecorresponding lossof revenue(products not sold tocustomers duringthe downtime). Inaverage, aproduction stop ofone month of arefinery wouldrepresent anoperational loss ofabout 5 MUSD. Thepotential financialimplications ofphysical risks arelimited whenconsidering ourglobal activities in130 countries, soany weather-relatedevent in a givencountry would onlyaffect a smallproportion of ouractivities at a giventime. Given theirlocations, E&Pproduction sitesoperated by Totalhave so far sufferedrelatively limitedexposure to extremeweather events.Geographical areasconsidered as highly

Total hasimplemented anactive process inorder to regularlyconductvulnerabilitystudies of ourfacilities, and ourinternalproceduresspecifically callfor the systematicassessment ofthe possiblerepercussions ofclimate changeon futureprojects. In-depthstudies arecarried out whenthe potential riskis significantrelative to theexisting safetymargin. Ouranalyses takeinto account thelife span of ourprojects and theircapacity togradually adapt.To date, thesestudies have notidentified anyfacilities thatcannot withstandtheconsequences ofclimate change.For instance, theeffect of climatechange on theevolution of

For Upstreamactivities inparticular, thereis a dedicatedteam,coordinatingspecific studiesfor all assets:the annual cost(FTE + externalstudies) isapproximately1M€, excludingadditional costspotentially dueto specific sitesurveys.Dealing withphysical risksattached to newprojects in moreexposed areasis integratedinto theengineering andeconomiccharacteristicsof the projects.

03 July 2017 29 / 52

and resumeproduction, anda loss ofrevenue duringthe downtime.

exposed tohurricanes are theGulf of Mexico andSouth-East Asia. Inthe USA, Totaloperates a refineryand a chemicalplant in Port Arthur,Texas, as well as anLNG terminal inSabine Pass,Louisiana, and hassome petrochemicalplants in Texas.

tropical cyclonesoffshore Australiahas beenaccounted for todesign IchthysLNGdevelopment.

CC5.1c Please describe your inherent risks that are driven by changes in other climate-related developments

Riskdriver




Estimated financialimplications

Management methodCost of

management

Reputation

Operationalaccidents in theoil and gas sectormay cause therelease of highquantities ofpollutants / GHGemissions. Thedegradedreputation mayresult for Total ina lack ofconfidence frominvestors and/orpoor acceptabilityfromstakeholders.

Inability todobusiness

1 to 3 years Direct Very likely High

Total expects theanticipated businessrisks resulting fromclimate change tohave no significantimpact on theGroup’s financialposition in the 1 to 3coming years. Sinceclimate change istaking place at aslow pace, theinvestments aregradually adjustedover the years asthe situationevolves. In 2016,Total hasannounced its planto have 20% of low-carbon businessesin its activity portfolioby 2035.

Total’s strategy andplans relating to themanagement of risksand opportunitiesassociated with the newenergy and climatechange contexts alsoinclude followingactions: • Promotion of amore efficient use ofhydrocarbons throughappropriate servicesand innovative products.• Investment inResearch &Development: energyefficiency andrenewable energies area core part of alldevelopment efforts andprojects. Total hascreated a robustprocess to adressreputational risks. Allinvestment proposalsreferred to Total’sExecutive Committeeare first submitted by

It is howeververy difficultto segregatethis actionfrom the restof theactivity.

03 July 2017 30 / 52

Riskdriver




Estimated financialimplications

Management methodCost of

management

the operationaldepartment involved tothe Risk Committee,which makes sure thatall risks have beenproperly assessedbased on the “Corisk”checklist. Whether theexpenditure involves anew project or aproposal to expand,acquire, divest or windup an operation, thechecklist is designed toverify compliance withTotal’s standards aswell as with internationaland local regulations,especially in the areasof the environment,communitydevelopment, socialresponsibility, healthand hygiene, industrialsafety and security. Thechecklist takes intoaccount theconstruction, operatingand revamping phases.As an example, thisprocess is implementedfor Total’s deep offshoredevelopments (e.g.Brazil - Foz doAmazonas).

CC5.1d Please explain why you do not consider your company to be exposed to inherent risks driven by changes in regulation that have the potential to generatea substantive change in your business operations, revenue or expenditure

CC5.1e Please explain why you do not consider your company to be exposed to inherent risks driven by physical climate parameters that have the potential togenerate a substantive change in your business operations, revenue or expenditure

CC5.1f Please explain why you do not consider your company to be exposed to inherent risks driven by changes in other climate-related developments thathave the potential to generate a substantive change in your business operations, revenue or expenditure

03 July 2017 31 / 52

Further Information

Page: CC6. Climate Change Opportunities

CC6.1 Have you identified any inherent climate change opportunities that have the potential to generate a substantive change in your business operations, revenue orexpenditure? Tick all that apply

Opportunities driven by changes in regulationOpportunities driven by changes in physical climate parametersOpportunities driven by changes in other climate-related developments

CC6.1a Please describe your inherent opportunities that are driven by changes in regulation

Opportunitydriver


Timeframe Direct/Indirect LikelihoodMagnitudeof impact

Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

Internationalagreements

Total couldpotentiallyuse theCleandevelopmentmechanisms(CDMs) orother project-basedmechanismsto mitigatecompliancecost inregulatedareas andspread lowemissiontechnologiesin Non-Annex1 parties

Investmentopportunities

1 to 3 years DirectAbout aslikely asnot

Medium-high

10% offlexibilitymechanismswould allow tomitigate thepotential costofapproximately40 MUSD inEurope.

CleanDevelopmentMechanism(CDM)projects havebeenlaunched byTotal in China(Zhengzhou)and in Yemen(Kharir) andgeneratecredits(CERs).These CDMprojects allowus to receivecredits thatcan be usedfor restitution,instead ofEUAs. For thethird period ofthe EU-ETS,Total will beshort, and thecompany

Due to thehigh cost ofexternalverificationand the lowprice ofCERs, mostcreditgenerationprojectshave beensloweddown.Internal FTEcosts areestimated at0.5 M€ to 1M€.

03 July 2017 32 / 52

Opportunitydriver


Timeframe Direct/Indirect LikelihoodMagnitudeof impact

Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

needs bothEUAs andCERs.

Carbon taxes

If carbontaxes areintroduced,CCUS(CarbonCapture,Utilizationand Storage)projects willbe interestingandcompetitive.Total hasdeveloped anextensiveknow-how onthis topic andwill be able touse it.

Other: CCUS >6 years DirectAbout aslikely asnot

Medium

The CCUSmarket isestimated todevelopdramatically inthe next 30-35years, withworldwideCAPEX ofaround 65G$/year andOPEX growingfrom 0 to morethan 250 G$ /year. Via theOGCI-CI(ClimateInvestment),Total will invest5 million USDon CCUS.

Total isdeveloping anR&D roadmapfor CCS andadditionallyTotal is readyto implementa large scaleCCS projectwhenever itwill bepossibletechnicallyandeconomicallyviable. Totalanswered acall for tenderon a CCUSproject inNorway inApril 2017

To that end,Total willallocate upto about 50to 60MUSD/yearof R&Dspending forCCUS.

CC6.1b Please describe the inherent opportunities that are driven by changes in physical climate parameters

Opportunitydriver

Description Potential impact Timeframe Direct/Indirect LikelihoodMagnitudeof impact

Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

Inducedchanges innaturalresources

Because of theeffects ofglobalwarming, manycountries willincreasingly belooking todevelopalternativeenergysources.

Newproducts/businessservices

1 to 3years

Direct Very likely Medium

Solar energywill becomemore widelyavailable. Totalis one of theleading solarPV panelproducersthrough itssubsidiarySunPower.This business

Upstreamintegration inthe PV panelsproduction.Downstreamintegration inservicesproviding solarturnkey powerplants to powercompanieswhich changes

The cost of theacquisition of60% ofcompanySunPower (in2011) wasapprox. 1.6billion €. 2-3FTEs/year: 0.2to 0.5 M€ /year.

03 July 2017 33 / 52

Opportunitydriver


Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

area (PVpanels andturnkey plantsservices) willgenerate extrarevenue andprofits for thecompany.

and enhancesour businessmodel.

CC6.1c Please describe the inherent opportunities that are driven by changes in other climate-related developments

Opportunitydriver


Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

Changingconsumerbehavior

Consumers willrequire productsthat emit lessCO2 for thesame use;thereforeEcosolutions. AtTotal helps itscustomers(consumers,businesses,manufacturersandcommunities) byoffering efficient,innovative,lower-energysolutions that aremore respectfulof its sharedenvironment(this is the TotalEcosolutionsprogram, alreadymentionedabove).


1 to 3years

Direct Very likely High

In Marketing,our objectivesare to changethe customerrelationship bybringing inmore and moreservices (e.g.to move fromselling fuelproducts toprovidingadvice on howto best heatthe home) inorder to gainnew customersand retainthem. Otherfinancialimplicationsare additionalmarket shareand attractionof newcustomers.TotalEcosolutionsProducts

Total hasintroducedproductslabelledEcosolutionsin 2009. Thenumber ofproductslabelledEcosolutionsis increasingyear by year.At the end of2016, therewere 96products. Tomanage thislabel, Totalhas set up asteeringcommittee forTotalEcosolutions,where newlabels areaudited by anexternalconsultant,and then

Externalverificationcosts of thelabelledproducts (30K€/year).

03 July 2017 34 / 52

Opportunitydriver


Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

representedabout 10% oftotal netoperatingrevenues ofMarketing &Servicesbusinesssegment in2016(approximately180 M€)

submitted tosteeringcommitteeapproval: in2016, TotalEcosolutionsSteeringCommiteemet 4 times..

Changingconsumerbehavior

Developing anoffer on energyefficiencythrough theaffiliates TENAGGmbH and BHCEnergy


1 to 3years

Direct Very likely High

Energyefficiency forbothindividuals andcompanies isbecomingincreasinglyimportant;therefore Totalis expectingsignificantrevenues fromthis activity.

In 2016,TotalManagementCommittee ofthe newbusinesssegmentGRP(mentionedearlier) metseveral timesto steer theactivities ofTENAG andBHC

About 5FTEs/year inTotal +externalsupport(approximately1-2M€/year) +all staff fromTENAG / BHC

Otherdrivers

Energy access:Total is providingsolar energysolutions to lowincomecustomers inemergingcountries andfacilitate accessto energy to alarge number ofpeople.


1 to 3years

Direct Very likely Medium

However,Total’s accessto energyprogram is asocial businessand profitabilityis not the maindriver . Beyondthe extrafinancial values(social impact),this businessunit could bringsubstantialfinancialbenefits to thegroup

Dedicatedteams.ThroughAwango byTotallaunched in2011, theGroupmarkets arange ofsolarproducts andservices thatmeet thelightingneeds ofpeople with

19 FTE atHeadquartersand 30 to 50FTEs in theaffiliates,whichrepresents 3to 6 M€/year.

03 July 2017 35 / 52

Opportunitydriver


Estimatedfinancial

implications

Managementmethod

Cost ofmanagement

(potentiallyestimated tomore than 1M$/y by 5years).

low incomesand noaccess to thepublicelectricitygrid. By theend of 2016,the programwasimplementedin about 30countries,with morethan 9 6millionpeoplereached,mainly inAfrica. Toexpand thisiniative Totaldecided tolaunch a fundwith qualifiedinvestors(developmentbanks forexample andother mainfinancers) toprovideaffordableand efficientenergysolutions.This fundshould havean allocationof 50 milliondollars in thefirst phase,and possibly100 in asecondphase.

03 July 2017 36 / 52

CC6.1d Please explain why you do not consider your company to be exposed to inherent opportunities driven by changes in regulation that have the potential togenerate a substantive change in your business operations, revenue or expenditure

CC6.1e Please explain why you do not consider your company to be exposed to inherent opportunities driven by physical climate parameters that have thepotential to generate a substantive change in your business operations, revenue or expenditure

CC6.1f Please explain why you do not consider your company to be exposed to inherent opportunities driven by changes in other climate-related developmentsthat have the potential to generate a substantive change in your business operations, revenue or expenditure

Further Information

Module: GHG Emissions Accounting, Energy and Fuel Use, and Trading

Page: CC7. Emissions Methodology

CC7.1 Please provide your base year and base year emissions (Scopes 1 and 2)

Scope Base year Base year emissions (metric tonnes CO2e)

Scope 1 Fri 01 Jan 2010 - Fri 31 Dec 2010 51600000

Scope 2 (location-based) Fri 01 Jan 2010 - Fri 31 Dec 2010 0

Scope 2 (market-based) Fri 01 Jan 2010 - Fri 31 Dec 2010 5400000

CC7.2 Please give the name of the standard, protocol or methodology you have used to collect activity data and calculate Scope 1 and Scope 2 emissions

Please select the published methodologies that you use

IPIECA’s Petroleum Industry Guidelines for reporting GHG emissions, 2nd edition, 2011

CC7.2a If you have selected "Other" in CC7.2 please provide details of the standard, protocol or methodology you have used to collect activity data and calculateScope 1 and Scope 2 emissions

03 July 2017 37 / 52

CC7.3 Please give the source for the global warming potentials you have used

Gas Reference

CO2 IPCC Fourth Assessment Report (AR4 - 100 year)

CH4 IPCC Fourth Assessment Report (AR4 - 100 year)

N2O IPCC Fourth Assessment Report (AR4 - 100 year)

HFCs IPCC Fourth Assessment Report (AR4 - 100 year)

PFCs IPCC Fourth Assessment Report (AR4 - 100 year)

SF6 IPCC Fourth Assessment Report (AR4 - 100 year)

CC7.4 Please give the emissions factors you have applied and their origin; alternatively, please attach an Excel spreadsheet with this data at the bottom of this page

Fuel/Material/Energy Emission Factor Unit Reference

Natural gas 2.7 metric tonnes CO2e per metric tonne EU ETS Monitoring reporting guidelines

Other: Liquid fuel 3.1 metric tonnes CO2e per metric tonne EU ETS Monitoring reporting guidelines

Further Information

When required (e.g. EU ETS), fuel analyses are used. Such analyses are progressively extended throughout all our operations worldwide and are performed based on thefrequency required by the quality control of the analysis of fuel components. Otherwise, Total uses standard emission factors (as stated in the European Guidelines and theAPI Guidelines where relevant).

Page: CC8. Emissions Data - (1 Jan 2016 - 31 Dec 2016)

CC8.1 Please select the boundary you are using for your Scope 1 and 2 greenhouse gas inventory

Operational control

CC8.2 Please provide your gross global Scope 1 emissions figures in metric tonnes CO2e

39400000

CC8.3 Please describe your approach to reporting Scope 2 emissions

Scope 2, location-based Scope 2, market-based Comment

We are not reporting a Scope 2, location-based figure We are reporting a Scope 2, market-based figure

03 July 2017 38 / 52

CC8.3a Please provide your gross global Scope 2 emissions figures in metric tonnes CO2e

Scope 2, location-based Scope 2, market-based (if applicable) Comment

0 4000000 Scope 2 emissions: indirect emissions attributable to energy consumption by site.

CC8.4 Are there are any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1 and Scope 2 emissions that are within your selected reportingboundary which are not included in your disclosure?

No

CC8.4a Please provide details of the sources of Scope 1 and Scope 2 emissions that are within your selected reporting boundary which are not included in yourdisclosure

SourceRelevance of Scope 1emissions from this

source

Relevance of location-basedScope 2 emissions from this

source

Relevance of market-based Scope 2emissions from this source (if

applicable)Explain why the source is excluded

CC8.5 Please estimate the level of uncertainty of the total gross global Scope 1 and 2 emissions figures that you have supplied and specify the sources of uncertaintyin your data gathering, handling and calculations

Scope Uncertainty rangeMain sources of

uncertaintyPlease expand on the uncertainty in your data

Scope 1Less than or equalto 2%

Data GapsMetering/MeasurementConstraints

Total has a system in place to assess the accuracy of GHG emissions inventory calculationmethods. This system of quantification of uncertainty – based on the theory of errorpropagation - is outlined in our Corporate Directive for GHG emissions reporting, whichrefers to the IPCC’s “Good Practice Guideline and Uncertainty Management in NationalGreenhouse Gas Inventories” (2000). The EU ETS provides a mandatory scheme forreporting GHG emissions and uncertainties. Each facility provides its own independentreport to the local authorities. There is a consolidation of the accuracy of the inventory atGroup level.

Scope 2 (location-based)

Not applicable.

Scope 2 (market-based)

More than 10% butless than or equalto 20%

Metering/MeasurementConstraintsOther: Emissionfactors averaged

Calculations are made on the basis of the consumption figures mentioned in the invoicesTotal received.

CC8.6 Please indicate the verification/assurance status that applies to your reported Scope 1 emissions

Third party verification or assurance process in place

03 July 2017 39 / 52

CC8.6a Please provide further details of the verification/assurance undertaken for your Scope 1 emissions, and attach the relevant statements

Verificationor

assurancecycle inplace

Status inthe

currentreporting

year

Type ofverification

or assuranceAttach the statement

Page/sectionreference

Relevantstandard

Proportionof reported

Scope 1emissions

verified(%)

Annualprocess

CompleteModerateassurance

https://www.cdp.net/sites/2017/57/19257/Climate Change 2017/SharedDocuments/Attachments/CC8.6a/Total - 2016 Registration document(Chapter 7).pdf

See pages175-176

ISAE3000 100

CC8.6b Please provide further details of the regulatory regime to which you are complying that specifies the use of Continuous Emissions Monitoring Systems(CEMS)

Regulation % of emissions covered by the system Compliance period Evidence of submission

CC8.7 Please indicate the verification/assurance status that applies to at least one of your reported Scope 2 emissions figures


CC8.7a Please provide further details of the verification/assurance undertaken for your location-based and/or market-based Scope 2 emissions, and attach therelevant statements

Location-based ormarket-basedfigure?

Verificationor

assurancecycle in

place

Status inthe

currentreporting

year

Type ofverification

orassurance

Attach the statementPage/Section

referenceRelevantstandard

Proportionof

reportedScope 2

emissionsverified

(%)

Market-based

Annualprocess


https://www.cdp.net/sites/2017/57/19257/Climate Change2017/Shared Documents/Attachments/CC8.7a/Total - 2016Registration document (Chapter 7).pdf

See pages175-176

ISAE3000 100

CC8.8 Please identify if any data points have been verified as part of the third party verification work undertaken, other than the verification of emissions figuresreported in CC8.6, CC8.7 and CC14.2

Additional data pointsverified

Comment

Other: French law GrenelleII section 225

Total's 2016 Registration document - See pages 143-176; External auditor EY verifies the 42 items (social and environmentalinformation) French companies have to report on as by the Grenelle II section 225 law.

03 July 2017 40 / 52

CC8.9 Are carbon dioxide emissions from biologically sequestered carbon relevant to your organization?

No

CC8.9a Please provide the emissions from biologically sequestered carbon relevant to your organization in metric tonnes CO2

Further Information

Page: CC9. Scope 1 Emissions Breakdown - (1 Jan 2015 - 31 Dec 2015)

CC9.1 Do you have Scope 1 emissions sources in more than one country?

Yes

CC9.1a Please break down your total gross global Scope 1 emissions by country/region

Country/Region Scope 1 metric tonnes CO2e

Europe 19900000

Africa 12000000

Americas 3800000

CIS and Asia 3700000

Middle East 0

CC9.2 Please indicate which other Scope 1 emissions breakdowns you are able to provide (tick all that apply)

By business divisionBy GHG type

CC9.2a Please break down your total gross global Scope 1 emissions by business division

Business division Scope 1 emissions (metric tonnes CO2e)

Upstream 19000000

Refining & Chemicals 20200000

Marketing & Services 200000

03 July 2017 41 / 52

CC9.2b Please break down your total gross global Scope 1 emissions by facility

Facility Scope 1 emissions (metric tonnes CO2e) Latitude Longitude

CC9.2c Please break down your total gross global Scope 1 emissions by GHG type

GHG type Scope 1 emissions (metric tonnes CO2e)

CO2 36400000

CH4 2400000

N2O 400000

Other: HFCs, PFCs, SF6, NH3 200000

CC9.2d Please break down your total gross global Scope 1 emissions by activity

Activity Scope 1 emissions (metric tonnes CO2e)

Further Information

Page: CC10. Scope 2 Emissions Breakdown - (1 Jan 2016 - 31 Dec 2016)

CC10.1 Do you have Scope 2 emissions sources in more than one country?

Yes

CC10.1a Please break down your total gross global Scope 2 emissions and energy consumption by country/region

Country/RegionScope 2, location-based (metric

tonnes CO2e)Scope 2, market-based (metric

tonnes CO2e)

Purchased andconsumed electricity,heat, steam or cooling

(MWh)

Purchased and consumed low carbonelectricity, heat, steam or cooling

accounted in market-based approach(MWh)

Americas 0 1200000 6300000 0

Africa 0 70000 460000 0

Asia, Australasia 0 320000 2000000 0

Europe 0 2300000 13400000 0

Rest of world 0 70000 460000 0

03 July 2017 42 / 52

CC10.2 Please indicate which other Scope 2 emissions breakdowns you are able to provide (tick all that apply)

By business division

CC10.2a Please break down your total gross global Scope 2 emissions by business division

Business divisionScope 2 emissions, location based

(metric tonnes CO2e)Scope 2 emissions, market-based

(metric tonnes CO2e)

Upstream 0 200000

Refining & Chemicals 0 3450000

Marketing & Services 0 150000

Gas, Power & Renewables 0 200000

CC10.2b Please break down your total gross global Scope 2 emissions by facility

FacilityScope 2 emissions, location based



CC10.2c Please break down your total gross global Scope 2 emissions by activity

ActivityScope 2 emissions, location based



Further Information

Further information to question CC101.a: The calculation of energy from purchased electricity, steam, heat and cooling is aligned with the methodology outlined in the2015IPIECA/API/IOGP Oil and Gas Industry Guidance on Voluntary Sustainability Reporting. Total buys energy in the form of electricity and steam (see answer to questionCC11.2). The mix of electricity purchases depends on the national mix in each country of operations (e.g. in France, it is around 80 % nuclear). Therefore, the quantity ofreal CO2 emitted associated with our purchases of energy cannot be determined precisely. The true driver for reducing Scope 2 emissions is our effort to reduce energypurchased, as an objective of competitiveness for our business segments.

Page: CC11. Energy

CC11.1 What percentage of your total operational spend in the reporting year was on energy?

More than 50% but less than or equal to 55%

03 July 2017 43 / 52

CC11.2 Please state how much heat, steam, and cooling in MWh your organization has purchased and consumed during the reporting year

Energy type Energy purchased and consumed (MWh)

Heat 6400000

Steam 3000000

Cooling 0

CC11.3 Please state how much fuel in MWh your organization has consumed (for energy purposes) during the reporting year

121700000

CC11.3a Please complete the table by breaking down the total "Fuel" figure entered above by fuel type

Fuels MWh

Other: Solid fuels (coke) 12400000

Other: Liquid fuels 5300000

Other: Gas fuels 104000000

CC11.4 Please provide details of the electricity, heat, steam or cooling amounts that were accounted at a low carbon emission factor in the market-based Scope2 figure reported in CC8.3a

Basis forapplying a

lowcarbon

emissionfactor

MWh consumedassociated with

low carbonelectricity, heat,steam or cooling

Emissionsfactor (inunits ofmetrictonnes

CO2e perMWh)

Comment

Other 3500000 0.04Power emission factor from grid in France (40 kg CO2/MWh for Industry): France has a high level of nuclearpower in its power generation mix (75%). Nevertheless, Total does not use a specific low carbon emissionfactor in its corporate reporting, as a unique averaged emission factor is used for the whole Group.

CC11.5 Please report how much electricity you produce in MWh, and how much electricity you consume in MWh

Total electricity consumed(MWh)

Consumedelectricity that ispurchased (MWh)

Total electricity produced(MWh)

Total renewableelectricity

produced (MWh)

Consumed renewableelectricity that is produced

by company (MWh)Comment

Further Information

03 July 2017 44 / 52

Page: CC12. Emissions Performance

CC12.1 How do your gross global emissions (Scope 1 and 2 combined) for the reporting year compare to the previous year?

Decreased

CC12.1a Please identify the reasons for any change in your gross global emissions (Scope 1 and 2 combined) and for each of them specify how your emissionscompare to the previous year

ReasonEmissions

value(percentage)

Directionof

changePlease explain and include calculation

Emissions reductionactivities

5.25 Decrease

Total’s Scope 1+2 greenhouse gas emissions (operated scope) were 45.8 MtCO2-eq in 2015 and 43.4MtCO2-eq in 2016 (therefore a decrease of approx. 5.25%). The decrease in emissions is mainlyexplained by a reduction of flaring of associated gas, which continued to decline sharply in 2016 (- 27%compared to 2015), in particular due to operational improvements carried out in Nigeria at the Ofonoffshore field, which ceased its continuous flaring. The volumes of routine flared associated gas totaled1.7 Mm³ / d in 2016.

Divestment 0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Acquisitions 0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Mergers 0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Change in output 0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Change inmethodology

0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Change in boundary 0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Change in physicaloperating conditions

0 No changeAlthough all our emissions are reported in our H@rpe system, we are not entering into that kind of detailsin the present report.

Unidentified 0 No change

Other 27 DecreaseFlaring of associated gas continued to decline sharply in 2016 (- 27% compared to 2015), in particulardue to operational improvements carried out in Nigeria at the Ofon offshore field, which ceased itscontinuous flaring. The volumes of routine flared associated gas totaled 1.7 Mm³ / d in 2016.

CC12.1b Is your emissions performance calculations in CC12.1 and CC12.1a based on a location-based Scope 2 emissions figure or a market-based Scope 2emissions figure?

03 July 2017 45 / 52

Market-based

CC12.2 Please describe your gross global combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per unit currency total revenue

Intensityfigure =

Metricnumerator (Grossglobal combined

Scope 1 and 2emissions)

Metricdenominator:

Unit totalrevenue

Scope 2figureused

%change

fromprevious

year

Directionof

changefrom

previousyear

Reason for change

0.34metric tonnesCO2e

1000000000Market-based

4 Increase

An emissions intensity per unit of revenue is not relevant for our sector ofactivity, as there are many external factors that influence our revenuewithout being related to emissions (in this case, it is related to the huge dropof the crude oil price, and therefore our turnover). Scope 1+2 emissions =43.4 MtCO2e in 2016. Total’s 2016 revenue was 127,925 million USD.

CC12.3 Please provide any additional intensity (normalized) metrics that are appropriate to your business operations

Intensityfigure =

Metricnumerator (Grossglobal combined

Scope 1 and 2emissions)

Metric denominatorMetric

denominator:Unit total

Scope 2figure used

% changefrom

previousyear

Directionof

changefrom

previousyear

Reason for change

425metric tonnesCO2e

full time equivalent (FTE)employee

Market-based

12 DecreaseMainly due to a change ofperimeter.

Further Information

03 July 2017 46 / 52

Page: CC13. Emissions Trading

CC13.1 Do you participate in any emissions trading schemes?

Yes

CC13.1a Please complete the following table for each of the emission trading schemes in which you participate

Scheme name Period for which data is supplied Allowances allocatedAllowancespurchased

Verifiedemissions inmetric tonnes

CO2e

Details of ownership

European Union ETS Fri 01 Jan 2016 - Sat 31 Dec 2016 15000000 20000000 Facilities we own and operate

CC13.1b What is your strategy for complying with the schemes in which you participate or anticipate participating?

Total’s overall strategy and plans include:• reducing GHG emissions resulting from our own operations and optimize energy efficiency, and• optimizing CO2 quotas management.

In Europe specifically, Total is fully organised to optimise compliance with the EU ETS, through a close monitoring of positions, improvement projects and, when necessary,market transactions: a dedicated organisation dealing with emissions trading and quota management was set up in 2005 consisting of operational desks in each businessunit, and a centralized trading desk which intervenes in the open market on their behalf. Through this organisation, positions are monitored on a regular basis with a view toensure optimised compliance by the end of each calendar year.

Total participates in the market, and the value of CO2 is routinely taken into account in operational decisions of the business units participating in the scheme (such aspower generation, energy project evaluation or refining optimisation). In addition, a cost of 30 to 40 USD per ton of CO2, according to different crude oil price scenarios isused in the economic calculations for all new projects worldwide.

Total anticipates participating in trading schemes other than the EU ETS in the coming years (in China, USA, Canada, Kazakhstan, South Korea, Australia), depending onemerging regulatory issues.

CC13.2 Has your organization originated any project-based carbon credits or purchased any within the reporting period?

No

CC13.2a Please provide details on the project-based carbon credits originated or purchased by your organization in the reporting period

Creditorigination

or creditpurchase

Projecttype

Projectidentification

Verified to whichstandard

Number ofcredits (metric

tonnes ofCO2e)

Number of credits(metric tonnes

CO2e): Risk adjustedvolume

Creditscancelled

Purpose, e.g.compliance

03 July 2017 47 / 52

Further Information

Page: CC14. Scope 3 Emissions

CC14.1 Please account for your organization’s Scope 3 emissions, disclosing and explaining any exclusions

Sources ofScope 3

emissions

Evaluationstatus

metrictonnesCO2e

Emissions calculationmethodology

Percentageof

emissionscalculatedusing dataobtained

fromsuppliersor value

chainpartners

Explanation

Purchasedgoods andservices

Not relevant,explanationprovided

This percentage of Scope 3 emissions is not significant, inparticular compared to emissions related to the use of soldproducts and to Downstream transportation and distribution.

Capital goodsNot relevant,explanationprovided


Fuel-and-energy-relatedactivities (notincluded inScope 1 or 2)



Upstreamtransportationand distribution



Waste generatedin operations



Business travelNot relevant,calculated

80000

This figure is provided byTotal’s global businesstravel agencies (it’s a legalobligation in France).

70%

03 July 2017 48 / 52

Sources ofScope 3

emissions

Evaluationstatus

metrictonnesCO2e


Percentageof



chainpartners

Explanation

Employeecommuting

Not relevant,calculated

65000

Total has 102,000employees at the end of2016 and, on average,according to the FrenchStatistics Bureau INSEE,the average consumption is0.64t CO2 per annum.

100%

Upstream leasedassets



Downstreamtransportationand distribution

Relevant,calculated

6000000

It is a combination of twomethodologies: the first oneis based on the effectivebunker fuels use for ourown fleet and the second isbased on the emissionfactors (in tons*km) andestimations for timechartered vessels.

70%

In the support services, Total made an estimate for externaltransport of products where Total acts as principal. The order ofmagnitude was 6 million tons CO2-e estimated in 2015. Thedetailed figures collected support about half of this, namelyemissions pertaining to time charter contracts for sea, road, railand river transport. The other half pertains to spot transport, forwhich detailed figures are more difficult to collate and only arougher estimate was made. Total estimates that this figurehas not changed significantly in 2016.

Processing ofsold products



Use of soldproducts

Relevant,calculated

420000000

Based on the petroleumproducts and coal sales forthe year 2016, andaccording to the officialemission factors publishedby the CITEPA (CentreInterprofessionnelTechnique d’Etudes de laPollution Atmosphérique) inFrance (in 2005), theestimated emissions for theuse of our products sold in2016 (420 million tonsCO2-e) are computed with

100%

03 July 2017 49 / 52

Sources ofScope 3

emissions

Evaluationstatus

metrictonnesCO2e


Percentageof



chainpartners

Explanation

following methodology: osource of 2016 sales: takenfrom the Group’s 2016Factbook document and2016 Registrationdocument (attached tosection 4 -Communications), ocalculation ofcorresponding mass byusing internationalconversion factors, o use ofCITEPA’s emission factorsvia carbon content andcalculation of theirequivalent emissions factorper mass.

End of lifetreatment of soldproducts



Downstreamleased assets



FranchisesNot relevant,explanationprovided


InvestmentsNot relevant,explanationprovided


Other (upstream)Not relevant,explanationprovided


Other(downstream)



03 July 2017 50 / 52

CC14.2 Please indicate the verification/assurance status that applies to your reported Scope 3 emissions


CC14.2a Please provide further details of the verification/assurance undertaken, and attach the relevant statements

Verificationor assurance

cycle inplace

Status inthe currentreporting

year

Type ofverification

orassurance

Attach the statementPage/Section

referenceRelevantstandard

Proportion ofreported Scope

3 emissionsverified (%)

Annualprocess


https://www.cdp.net/sites/2017/57/19257/Climate Change2017/Shared Documents/Attachments/CC14.2a/Total - 2016Registration document (Chapter 7).pdf

See pages175-176

ISAE3000 90

CC14.3 Are you able to compare your Scope 3 emissions for the reporting year with those for the previous year for any sources?

Yes

CC14.3a Please identify the reasons for any change in your Scope 3 emissions and for each of them specify how your emissions compare to the previous year

Sources of Scope3 emissions

Reason forchange

Emissions value(percentage)

Directionof change

Comment

Use of soldproducts

Unidentified 0 No change

In 2016, Total has aligned its methodology for calculating GHG emissions related to the useof sold products with IPIECA’s 2016 methodological update (see IPIECA’s publication“Estimating petroleum industry value chain (Scope 3) greenhouse gas emissions - Overviewof methodologies”). Consequently, Total’s Scope 3 GHG emissions for the use of soldproducts were 410 million tons in 2015 and 420 million tons in 2016. The difference lieswithin the margin of error.

CC14.4 Do you engage with any of the elements of your value chain on GHG emissions and climate change strategies? (Tick all that apply)

Yes, our customersYes, other partners in the value chain

CC14.4a Please give details of methods of engagement, your strategy for prioritizing engagement and measures of success

Method of engagement:Our Strategy, R&D and Marketing teams have constant interaction with customers in order to assess changes and emerging needs. The Total Ecosolutions program, whichwas launched in 2009, streamlines the work and exchanges between the Strategy, R&D, Innovation and Marketing teams, in order to design and promote new products andservices to help our customers (both businesses and consumers) to reduce their environmental footprint such as energy consumption.

03 July 2017 51 / 52

Prioritization of engagement:Total’s priority targets are our main B2B (business to business) customers.

Measure of success:At the end of 2016, 96 different products and services had received the Total Ecosolutions label. According to our estimates, based on a comparison with referenceproducts and services offering an equivalent outcome for the customer, the use of Total Ecosolutions products and services sold in 2016 avoids 1,750,000 metric tons ofcarbon dioxide emissions (on the whole life cycle).

White Certificates (or Energy Efficiency Certificates) exist in various European countries (Italy,UK, Denmark, France, etc.). In France, Total’s compliance with energyefficiency certificate requirements has led to:o Around 100 direct and indirect jobs being created.o 100,000 energy efficiency operations annually, involving insulation solutions and furnace upgrades.o An enhanced customer relationship that can stimulate new solutions.o Participation in car pooling initiatives involving 150,000 drivers.o Actions that encourage 40,000 Total employees to cut their energy use at home.

Other partners in the value chain:Our shipping division closely monitors our contractors’ emissions performance. In 2014, time-chartered ships navigated to economic speed as often as possible and thusreduced emissions. In addition, an effort is made to improve the energy efficiency of the fleet when the units are renewed.

CC14.4b To give a sense of scale of this engagement, please give the number of suppliers with whom you are engaging and the proportion of your total spend thatthey represent

Number of suppliers % of total spend (direct and indirect) Comment

CC14.4c If you have data on your suppliers’ GHG emissions and climate change strategies, please explain how you make use of that data

How you make use of the data Please give details

CC14.4d Please explain why you do not engage with any elements of your value chain on GHG emissions and climate change strategies, and any plans you have to developan engagement strategy in the future

Further Information

Module: Sign Off

Page: CC15. Sign Off

CC15.1 Please provide the following information for the person that has signed off (approved) your CDP climate change response

Name Job title Corresponding job category

Patrick POUYANNÉ Chief Executive Officer Board chairman

03 July 2017 52 / 52

Module: Oil & Gas

Page: OG0. Reference information

OG0.1 Please identify the significant petroleum industry components of your business within your reporting boundary (select all that apply)

Further Information

Total does not respond to the Oil & Gas module for the following main reasons:• Some information is already provided in response to the main questionnaire (e.g. CC9 and CC10).• Some information is available in Total’s 2016 Registration document (e.g. reserves – see pages 3, 8-11, 54 62-70 and 82).• Some information is not relevant or material for Total: (e.g. OG4 - our response to the main question of that section would be ‘no’).

As a major player in the gas industry, Total is taking steps to measure and mitigate methane emissions more effectively. We are taking action, first by mobilizing in the fieldto educate employees and to detect and reduce methane emissions in our operated scope. In this way, our methane emissions were kept below 0.5% of the natural gasproduced in 2016.We have also joined campaigns beyond our walls: for several years, Total has been an active participant in international initiatives designed to improve methods ofmeasuring and mitigating methane emissions.• For example, Total is acting to eliminate routine flaring by 2030 as part of the World Bank’s Global Gas Flaring Reduction (GGFR) Partnership.• As a member of the Climate & Clean Air Coalition (CCAC), we are also participating in the Oil & Gas Methane Partnership (OGMP) to promote more effectivemeasurement, mitigation and reporting of methane emissions.• Through our founding membership in the OGCI, we are lending financial support for studies (with UNEP and EDF) on emissions measurement systems as well as for newtechnology — backed by the organization’s new Climate Investments fund — for moving from indirect to more accurate direct measurements of methane emissions.

Therefore, there are a number of key methane metrics Total can carry over directly from other sources:1. OG7.5: Total’s methane emitted is less than 5 % of natural gas production (page 27 of the 2017 edition of our ‘Integrating Climate Into Our Strategy’ report).2. OG7.3: Reducing fugitive methane emissions, through leak detection and repair (LDAR), is a major component of the CCAC OGMP.3. OG7.3a: please refer to information on methane emissions prevention practices included in OGMP Public Reports.

Climate Change 2017 Information Request

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