Total's shareholders will meet at an annual meeting this Friday to make decisions regarding their commitment to the energy transition and its climate ambition of reaching "net zero" of carbon emissions.

According to information available on Total's website, the Board of Directors of the French multinational, led by Patrick Pouyanné, will propose to the Shareholders that this transformation be anchored in the bylaws, changing the company name to TotalEnergies SE.

The Board of Directors thus gives shareholders the opportunity to express their opinion on the transition strategy to net zero, which it has set for the Company.

As of 2021, a new criterion for reducing indirect emissions related to the use of the Group's energy products by its customers in Europe will be introduced for the allocation of performance quotas to the President and CEO and all Senior Executives.