The Shareholders' Newsletter #67 - Fall 2021

OneTech: driving TotalEnergies' transformation

The creation of OneTech on September 1, 2021, initiates an unprecedented mobilization of our people’s energies to meet TotalEnergies’ new challenges. Three questions to Namita Shah, President of OneTech.

© Lutt Julien - Capa - TotalEnergies

What exactly is OneTech?

Namita Shah: OneTech federates all the Company’s technical and scientific expertise. It comprises 3,300 engineers, technicians and researchers, working on the new challenges faced by TotalEnergies. There are three hubs: an industrial hub, a research & development hub and a support functions hub. Its teams are based in France, Belgium, Denmark, and in the international R&D hubs. The Company’s industrial success and technological advances have always been driven by our teams’ pioneer spirit and performance-minded attitude, as well as by their technical and scientific competencies, which are widely recognized by our peers and partners. This is a major competitive advantage. OneTech builds on that foundation by leveraging the expertise of our teams. They are the key to TotalEnergies’ successful transformation into a major player in the energy transition.

What are OneTech's objectives?

Namita Shah: First off, we will participate in developing our new industrial activities while continuing to support our operations, just as we always have. To do that, we intend to expand the skills of our engineers and technicians and attract new talent to support the transition to a broad energy portfolio. Second, OneTech will encourage and accelerate innovation. Third, we will concentrate our technical resources on the most strategic, high value-added areas and deliver solutions to reduce our carbon footprint. We firmly believe that bringing all of the Company’s technical skills together will help make TotalEnergies a leader in the evolving energy landscape.

How does the creation of OneTech contribute to the Company’s ambition?

Namita Shah: OneTech will pool all our technical competencies, combine them with our research skills and make the most of the know-how we have acquired in oil and gas. This expertise will support the development of our businesses in line with our ambition, by which I mean developing our current assets at the least cost while reducing CO₂ emissions and accelerating our new activities in electricity, renewables and carbon neutrality. Clearly, OneTech will be the technical driver accelerating TotalEnergies’ transformation into a broad energy company.