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Socially responsible investors include social, environmental and/or ethical factors in deciding which stocks or bonds to buy, keep or sell. Over the last decade this has become increasingly important, leading to the creation of sustainability indices to measure and track the economic, social and environmental performance of companies.

Carbon Disclosure Project

The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation. It was launched in 2000 to collect corporate information on climate change and we provide our data to the project every year.

CDP released its latest report in November 2015, including the updated Carbon Disclosure Leadership Index (CDLI) rankings – the top 10% of the total regional CDP sample population.

While we continued to score well in the CDLI with an improved result compared to 2014, and share the highest score of the major international oil and gas companies with only one peer, we were not included in the CDLI.

Dow Jones Sustainability Index

We were included in the Dow Jones Sustainability Index (DJSI) each year since it started in 1999 until 2010, remaining in the top 10% in the oil and gas sector as measured by the index. From 2011 until 2012 we were not included based on DJSI’s view of the operations of Shell companies in Nigeria, although our score was above the threshold for inclusion.

Concurrent with the release of the 2013 score, the DJSI Index Design Committee advised that Shell’s exclusion had been lifted, noting the “efforts of Shell to improve standards and increase transparency” and the “efforts of Shell to provide more information about the complexities of operating in Nigeria throughout the year”. However, since 2013 we have not been included in the DJSI World Index, although we continue to score highly with our business principles, environmental and social standards, and with our corporate governance performance underpinning our approach to sustainable development.


We were included in the FTSE4Good Index in 2014, as we have been every year since it started in 2001. Companies must meet the index’s criteria on governance, the environment including climate change, and social aspects including labour standards and human rights.

Goldman Sachs

Goldman Sachs last updated their GS SUSTAIN ESG (environmental, social and governance) research in early 2012, at which time it placed us third among international oil companies. The research focuses on sustainable investing in the energy sector. Companies are rated according to 25 indicators across the categories of corporate governance, leadership, labour, communities and investment and environment.

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