Responsible Investment Annual Briefing updates
Royal Dutch Shell plc (Shell) will today update investors on plans to become a net-zero emissions energy business by 2050 or sooner (covering scope one, two and three emissions). The detailed steps, to be outlined at Shell’s Responsible Investment Annual Briefing today, will include:
•An ambition to be net zero on all the emissions from the manufacture of all our products (scope one and two) by 2050 at the latest;
•Accelerating Shell’s Net Carbon Footprint ambition to be in step with society’s aim to limit the average temperature rise to 1.5 degrees Celsius in line with the goals of the Paris Agreement on Climate Change. This means reducing the Net Carbon Footprint of the energy products Shell sells to its customers by around 65% by 2050 (increased from around 50%), and by around 30% by 2035 (increased from around 20%);
•A pivot towards serving businesses and sectors that by 2050 are also net-zero emissions.
“With the COVID-19 pandemic having a serious impact on people’s health and our economies, these are extraordinary times. Yet even at this time of immediate challenge, we must also maintain the focus on the long term,” said Ben van Beurden, Chief Executive Officer of Royal Dutch Shell.
“Society’s expectations have shifted quickly in the debate around climate change. Shell now needs to go further with our own ambitions, which is why we aim to be a net-zero emissions energy business by 2050 or sooner. Society, and our customers, expect nothing less.”
https://www.investegate.co.uk/royal-dut ... 0100H1309/And a link to AGM notice here;
https://www.investegate.co.uk/royal-dut ... 0000H1216/Also posted on HYP Practical Board.