: Update from TotalEnergies on Energy Savings Certificates (EEC)

: Update from TotalEnergies on Energy Savings Certificates (EEC)
France: Update from TotalEnergies on Energy Savings Certificates (EEC)

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, November 26, 2024 – TotalEnergies has taken note of l’interview by the Minister Delegate to the Minister of Ecological Transition, Energy and Climate, published on November 25 in Le Parisien. TotalEnergies wishes to provide clarifications on the inaccurate statements made there.

First of all, it should be remembered that Energy Savings Certificates (EECs) are a mechanism whose the State is guarantor at each stage of the chain.

As such, all of the renovation work carried out by TotalEnergies complies with the regulations and processes defined by the State. TotalEnergies goes even further by carrying out checks complementary to those of the State.

1. No, TotalEnergies is not accused of any “fraud”:

  • The measure pronounced in July 2024 only cancels 32 total renovation operations by TotalEnergies, representing a volume of 0.4 TWhc (or 2.8 million euros).
  • These cancellations are linked to initial consumption deemed too high by the National Center for Energy Savings Certificates (PNCEE) although these consumption levels were established and validated by design offices certified by state-accredited organizations.
  • No financial sanction or fine accompanies this cancellation for TotalEnergies. There is therefore no fraud.

2. Yes, TotalEnergies contests the sanction and will lodge an appeal with the Council of State:

  • The only criticism made by the PNCEE to TotalEnergies is an overestimation of the initial consumption of certain global renovation operations. However, TotalEnergies disputes any failure on its part and recalls that the initial consumption was determined by independent design offices certified by state-accredited organizations.
  • It is ultimately about the database certified by state-accredited organizations that TotalEnergies is implicated.

3. No, TotalEnergies has never requested an EWC for uncompleted global renovation operations:

  • The work carried out as part of the overall renovation operations is systematically checked after work by third-party and independent organizations accredited by the State.
  • Furthermore, in addition to the processes defined by the State, TotalEnergies ensures, through systematic calls to beneficiaries, that the work is being carried out correctly, as well as its quality and compliance.

4. Yes, TotalEnergies practices “zero tolerance” when it comes to fraud:

  • If fraud by one of our partners were to be proven, TotalEnergies would immediately take the necessary measures by ceasing all commercial relations with the partner concerned and asserting its rights in court.

5. Yes, TotalEnergies is in favor of strengthening controls:

  • There should be no doubt about the quality of the audits carried out by organizations accredited by the Stateand that is what we are talking about in this case.
  • The entire value chain (intermediaries, craftsmen and control offices) should be made responsible and not just energy suppliers and fuel distributors as is the case today.

6. Yes, TotalEnergies protects individuals and supports them in their energy renovation work and, no, TotalEnergies has not cheated them:

  • Since 2022, TotalEnergies has carried out nearly 1.6 million energy efficiency operations, using around 150 different standardized CEE sheets.
  • TotalEnergies thus plays a key role in the generalization of renovations in the building and transport sectors, in the fight against energy poverty and in the elimination of “thermal sieves”.

7. Yes, TotalEnergies wants greater effectiveness of the CEE system:

  • TotalEnergies calls for energy suppliers and fuel distributors, professional associations and public authorities to work together to collectively strengthen the effectiveness of the CEE system in order to support households in their work under the best possible conditions. energy renovation.

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About TotalEnergies

TotalEnergies is a global integrated multi-energy company producing and supplying energy: oil and biofuels, natural gas and green gas, renewables and electricity. Our more than 100,000 employees are committed to providing more affordable, more available and more sustainable energy to as many people as possible. Present in around 120 countries, TotalEnergies places sustainable development at the heart of its strategy, projects and operations.

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Warning
The terms “TotalEnergies”, “TotalEnergies company” and “Company” which appear in this document are used to designate TotalEnergies SE and the consolidated entities that TotalEnergies SE controls directly or indirectly. Likewise, the terms “we”, “us”, “our” may also be used to refer to these entities or their collaborators. The entities in which TotalEnergies SE directly or indirectly holds a stake are distinct and autonomous legal entities. This document may contain forward-looking statements. They may prove to be inaccurate in the future and are dependent on risk factors. Neither TotalEnergies SE nor any of its subsidiaries makes any commitment or responsibility to investors or any other stakeholders to update or revise, in particular as a result of new information or future events, any or all part of the statements, forward-looking information, trends or objectives contained in this document. Information concerning risk factors likely to have a significant adverse effect on the financial results or activities of TotalEnergies is also available in the most updated versions of the Universal Registration Document filed by TotalEnergies SE with the Autorité des marchés financiers. financial markets and Form 20-F filed with the United States Securities and Exchange Commission (“SEC”).

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