Because it reaches all international oil, gas, mining and commodities players in EITI member countries, this initiative also contributes to strengthening the principles of accountability, fair competition and good governance.

TotalEnergies joined the EITI as soon as it was launched at the 2002 Johannesburg Summit. The Company has always supported this initiative and the objective of the EITI Association to make the EITI Principles and the EITI Standard the internationally accepted standard for transparency in the oil, gas and mining sectors and continues to be actively involved, particularly with the presence of a TotalEnergies representative on the Board of Directors.

Promoting the principles of transparency is part of a framework which is respectful of the sovereignty of the host countries: no lasting result can be achieved without the voluntary commitment of the States. In conjunction with the initiative's secretariat, the Company is committed to promoting the EITI principles among the host States in which it operates, and to assist them in the practical implementation of these principles.

TotalEnergies supports governments efforts towards advancing transparency in accordance with the EITI framework. An example is TotalEnergies' public stance in favor of the publication by host governments of all our Petroleum contracts and licenses, whenever signed.

To do this, TotalEnergies strives to:

• foster dialogue between our management and representatives of States, civil society and the EITI;
• participate in the efforts of the EITI Board and its main committees;
• promote the EITI and its principles among the States in which it operates through national committees and, more generally, whenever it has the opportunity;
• share resources and recommendations based on our experience.

The initiative is consistently recognised through the G7 CONNEX Initiative, the OECD Policy Dialogue and by the Partnership Against Corruption Initiative (co-chaired by TotalEnergies' Chairman and CEO).

Why support the EITI?

The EITI has the advantage of being a voluntary, win-win initiative.

For companies, a transparent approach should facilitate the emergence of stable economic and political conditions, guaranteeing the sustainability of their investments. This process contributes to improved relationships with our shareholders and greater confidence in the markets. It also allows for better risk management and relationships with local communities.

Conversely, the stabilization of economic conditions attracts foreign investors, contributes to sustainable development of the host State and reduces poverty. The International Monetary Fund and the World Bank pay special attention to how transparent countries are, and as such encourage EITI membership.

Local communities benefit from a better understanding of how oil revenues are allocated.

Finally, host countries, civil society, investors and international organizations all benefit from an effective dialogue. The EITI promotes good governance which strengthens public institutions and raises civic awareness.

In addition to our commitment to the EITI, we report payments made by the Company's extractive companies to the governments, States and territories in which we operate in compliance with French law and the EU Accounting Directive. We detail the total amount and type of payment, by country, by project and by government in our annual 2023 Universal Registration Document.