8 - Integrating Climate into our Strategy “Our ambition is to have low-carbon businesses make up around 20% of Total’s portfolio in 20 years” How important will renewable energies be in Total’s portfolio in 2035? Extremely important! Our ambition is summed up by the motto “20% in 20 years.” We want to make low-carbon businesses a genuine and profitable growth driver accounting for around 20% of our portfolio in 20 years’ time. Over the coming decades, the growth in electricity demand will outpace global energy demand. Achieving the 2°C scenario hinges on using renewables to generate power. This is one opportunity for us. We believe, however, that electricity will not be able to meet all requirements, particularly those related to transportation. Electric cars will continue to gain ground, but we must not overlook trucks, aircraft and ships. That is why, in addition to increasing the use of electricity and gas in transportation, we also believe biofuels offer another renewables opportunity we can leverage. Our experience gives us a clear advantage. We have been producing biofuels for over 20 years and are the top marketer in Europe. We aim to build on our front-ranking position in biodiesel and biojet fuel: by next year, our La Mède refinery in France will have been transformed into a world-class biorefinery.