Business Ethics
TotalEnergies works with governments to promote fisical trasparency and fight corruption, helping to create the right environment for economic development. It applys a principle of zero tolerance for corruption among its employees and suppliers.
With a presence in 130 countries through 1,149 consolidated entities, TotalEnergies carries out its operations in a constantly changing environment and is subject to an increasingly complex set of a tax regulation, which may be in conflict when combined or subject to varying interpretations, thus giving rise to potential tax risk. In this context, the Company has developed a responsible tax approach based on clear principles of action and rigorous governance rules as set out in its tax policy statement.
TotalEnergies is committed to ensuring full transparency of the revenue generated by its activities.
The Extractive Industries Transparency Initiative (EITI) brings together international and local players from civil society. Its main purpose is to improve transparency in investments and transactions between governments and companies from the extractive industry, of mining and raw materials in EITI member countries.
This initiative also contributes to strengthening the principles of accountability, fair competition and good governance. TotalEnergies joined the initiative starting from 2022 and continues to be actively involved thanks also to the presence of a TotalEnergies representative on the EITI Board of Directors. The promotion of the principles of transparency is part of a framework that respects the sovereignty of the host countries: in collaboration with the secretariat of the initiative, the Company undertakes to promote the EITI principles among the host states in which it operates and to assist them in practical implementation of these principles.