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Climate Adaptation

Total Ties Customers’ Emissions Reductions to Executive Bonuses

  • AGM will be given a non-binding vote on Total’s climate plans
  • Greenpeace says new compensation policy doesn’t do enough
Container Shipping at France's Second Largest Port
Photographer: Nathan Laine/Bloomberg

Total SE will partly tie executive bonuses to the company’s success in reducing the greenhouse gas emissions of its customers, the latest in a series of climate-focused changes by the French oil and gas giant.

Oil majors are under increased pressure from governments, investors and customers to do more to prevent global warming. While companies such as Total are increasing spending on renewable energy and reforestation, the bulk of their business still involves pumping fossil fuels, prompting criticism from environmental groups.