(News Bulletin 247) – UBS confirms its advice to buy on the stock with a target of 65 E after the presentation of its 2023 climate report.
‘ TotalEnergies held its annual strategy, sustainability and climate presentation and released its 2023 sustainability and climate progress report. The event was positive in our view as the company confirmed its financial objectives,” says UBS.
TotalEnergies is strengthening its objectives, for example now counting on a reduction in the carbon intensity of the energy mix sold to its customers of -25% by 2030 compared to 2015, including -15% from 2025 (compared to -20% and – 10% previously).
The group has decided to increase the share of investments in low-carbon energies by one billion dollars to bring them to five billion in 2023 out of an envelope planned between 16 and 18 billion.
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