Assemblée générale de TotalEnergies : de premiers complices démasqués

Reclaim Finance analyzes the voting results of TotalEnergies' 2022 general meeting, highlighting that 89% of shareholders supported a climate plan the organization deems incompatible with climate urgency. The statement specifically condemns investors like BlackRock and Allianz Global Investors for supporting the plan despite their own public climate commitments, while noting a slight decrease in support for board directors and the emergence of a minority group of climate-engaged shareholders.

• TotalEnergies' climate plan received 89% approval at the 2022 general meeting, a slight decrease from the 92% support it received in 2021, which the author characterizes as a 'statu quo'.
• When accounting for abstentions, support for the climate plan actually increased from 82.8% in 2021 to 83.8% in 2022, suggesting that the increase in 'no' votes came from previously abstaining investors rather than a withdrawal of support from major shareholders.
• Major investors BlackRock and Allianz Global Investors voted in favor of TotalEnergies' climate plan. The document highlights a contradiction for Allianz, which committed to stop insuring new oil and gas projects while supporting TotalEnergies, the 'premier développeur fossile européen'.
• BlackRock justified its support by citing TotalEnergies' adherence to the TCFD reporting framework and new climate targets, though the document claims global emissions have not decreased since 2015 and 70% of capital expenditures remain dedicated to fossil fuels.
• There are emerging signs of shareholder dissatisfaction, including a 6-point drop in support for the renewal of directors compared to 2019 (now at 93%) and opposition to the climate plan from investors such as Crédit Mutuel and Ostrum.

APA

admin (2022). Assemblée générale de TotalEnergies : de premiers complices démasqués. Reclaim Finance. https://reclaimfinance.org/site/2022/06/01/assemblee-generale-de-totalenergies-de-premiers-complices-demasques/

Chicago

admin. Assemblée générale de TotalEnergies : de premiers complices démasqués. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/06/01/assemblee-generale-de-totalenergies-de-premiers-complices-demasques/.

Wikipedia

{{cite press release |last1=admin |title=Assemblée générale de TotalEnergies : de premiers complices démasqués |publisher=Reclaim Finance |date=1 June 2022 |url=https://reclaimfinance.org/site/2022/06/01/assemblee-generale-de-totalenergies-de-premiers-complices-demasques/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022assemble, author = {admin}, title = {{Assemblée générale de TotalEnergies : de premiers complices démasqués}}, publisher = {Reclaim Finance}, year = {2022}, month = jun, url = {https://reclaimfinance.org/site/2022/06/01/assemblee-generale-de-totalenergies-de-premiers-complices-demasques/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }