{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","color":"brand1-solid","model":{"title":"Delivering CO₂ compensation¹ Solutions to our customers","text":"\u003Cp\u003EA comprehensive decarbonisation plan includes solutions to help you and your business avoid and reduce carbon emissions wherever possible.\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n","links":[{"name":"Shell Lubricants products¹ and solutions with carbon credits","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits.html"}],"image":{"src":"https://www.shell.com/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/_jcr_content/root/metadata.shellimg.png/1751028127707/shell-sls-carbon-comp.png","alt":"Sunlight through green forest trees.","width":3840,"height":2166}},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/metadata"},{"organism":"ContentOwner","color":"brand1-solid","model":{},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://www.shell.com/_jcr_content/root/header/inherited.model.json","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.com/"},{"name":"Business customers","value":"https://www.shell.com/business-customers.html"},{"name":"Shell Lubricants and Specialty Fluids","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business.html"},{"name":"Lubricants with carbon credits","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits.html"}]},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeaderBanner","color":"semitransparent","model":{"title":"Shell Lubricants products¹ and solutions with carbon credits","text":"\u003Cp\u003ECustomers may use a combination of operational measures and solutions to manage emissions associated with business-specific activities. Where emissions remain after a customer’s own avoidance and reduction measures, Shell may offer carbon credits generated in accordance with carbon standards.²/³\u003C/p\u003E\r\n","image":{"src":"https://www.shell.com/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/_jcr_content/root/main/section_1045261690/item.shellimg.png/1790062330280/shell-sls-carbon-comp.png","alt":"Sunlight through green forest trees.","width":3837,"height":1680}},"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/main/section_1045261690/item"},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/main/section_1045261690/text","model":{"text":"\u003Cp\u003EIn Shell Lubricants, we  help customers manage emissions by providing products and technologies designed to support equipment performance and operational processes under specified operating conditions.\u003C/p\u003E\r\n\u003Cp\u003EApart from our products and services, we are actively working on avoiding and reducing our emissions across our value chain. In 2025, we maintained 99% total Shell branded product packaging classified as reusable or recyclable in our Lubricants  business. At the end of 2025, we had reduced our Scope 1 and 2 operational emissions by 36%, on a net basis, from our 2016 baseline. \u003Ca href=\"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/sustainability.html\" style=\"font-size: 0.8125rem; background-color: rgb(255, 255, 255);\"\u003ERead more here\u003C/a\u003E\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/main/section_1045261690/text_1395512178","model":{"title":"Lubricant products with carbon credits","text":"\u003Cp\u003ETo complement the existing initiatives, Shell launched a range of lubricants with carbon credits\u003Csup\u003E1\u003C/sup\u003E in 2020 across our portfolio of premium oils in selected markets and across sectors including consumer and commercial automotive and industrial.\u003C/p\u003E\r\n\u003Cp\u003EShell’s globally diverse, externally verified, and natural, and environmental solutions (NES)-based carbon credits compensate for CO\u003Csub\u003E2\u003C/sub\u003Ee emissions from across the lifecycle of the products including the raw materials, production, packaging, logistics, customer use and product end of life. Each carbon credit represents the avoidance or removal of greenhouse gases equivalent to one tonne of CO\u003Csub\u003E2\u003C/sub\u003Ee. As of 2024, more than 800 million litres of lubricant with carbon credits have been sold, equating to over two million tonnes of CO2e retired through Shell's portfolio of global carbon credits projects.\u003C/p\u003E\r\n\u003Cp\u003EShell also offers customised carbon credit purchasing and retirement arrangements for eligible business customers.¹/³\u003C/p\u003E\r\n\u003Cp\u003E\u003Ca href=\"https://www.shell.com/shellenergy/othersolutions/environmental-products/carbon-credits.html\"\u003ELearn more about Carbon Credits here\u003C/a\u003E\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/main/section_1045261690/text_382213936","model":{"title":"Independent external assurance","text":"\u003Cp class=\"MsoNormal\"\u003ELloyd’s Register Quality Assurance (LRQA), an independent, accredited Verification Body, has provided external assurance on the associated processes and underlying product level carbon footprint calculations.\u003C/p\u003E\r\n\u003Cp class=\"MsoNormal\"\u003EThis includes the following:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003EProcesses for calculation of the life cycle greenhouse gas emissions in carbon dioxide equivalents associated with a product. \u003Cb\u003E\u003Ca href=\"https://www.shell.com/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/_jcr_content/root/main/section_1045261690/text_382213936.multi.stream/1762359905382/597778c88b2e697e8af4efccf7bd5b083e766df6/lrqa-independent-assurance-statement-nov-25.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"\u003EDownload Shell’s LRQA Document here (PDF, 132 kB)\u003C/a\u003E\u003C/b\u003E.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Cp\u003EIn addition, LRQA independently has assured Shell Lubricants’ product level carbon footprint calculations, used for quantification of carbon intensity in kg CO\u003Csub\u003E2\u003C/sub\u003E equivalent per litre of product, against the following standards:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003E\u003Cb\u003EInternational standard of ISO 14067:2018\u003C/b\u003E Greenhouse gases - Carbon footprint of products - Requirements and guidelines for quantification\u003C/li\u003E\r\n\u003Cli\u003E\u003Cb\u003EPublicly available specification of PAS2050:2011\u003C/b\u003E Specification for the assessment of the life cycle greenhouse gas emissions of goods and services.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Cp\u003ELRQA implements and maintains a comprehensive management system that meets accreditation requirements for \u003Cb\u003EISO 14065\u003C/b\u003E Greenhouse gases – Requirements for greenhouse gas validation and verification bodies for use in accreditation or other forms of recognition and \u003Cb\u003EISO/IEC 17021\u003C/b\u003E Conformity assessment – Requirements for bodies providing audit and certification of management systems that are at least as demanding as the requirements of the International Standard on Quality Control 1 and comply with the \u003Ci\u003ECode of Ethics for Professional Accountants\u003C/i\u003E issued by the International Ethics Standards Board for Accountants.\u003C/p\u003E\r\n\u003Cp\u003EThe associated documentation (assurance statement) has been reproduced in full and can be found \u003Cb\u003E\u003Ca href=\"https://www.shell.com/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/_jcr_content/root/main/section_1045261690/text_382213936.multi.stream/1755763137869/7485e4b373a96c2796d3ea7f620c00e24d3564ea/lr-independent-assurance-statement.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"\u003Ehere (PDF, 109 kB)\u003C/a\u003E\u003C/b\u003E.\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/main/section_1045261690","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits/jcr_content/root/main/section/text_692140261","model":{"title":"Legal disclaimers:","text":"\u003Col\u003E\r\n\u003Cli\u003EThe term “products with carbon credits” does not imply that the product is a substitute for switching to low-emission energy solutions or reducing fossil fuel usage. CO\u003Csub\u003E2\u003C/sub\u003Ee emissions will still be emitted to atmosphere. By purchasing “products with carbon credits” , you are also purchasing carbon credits in an amount calculated in accordance with ISO 14067:2018 Greenhouse gases — Carbon footprint of products — Requirements and guidelines for quantification for assessing the product’s total lifecycle CO\u003Csub\u003E2\u003C/sub\u003Ee emissions for assessing the product’s total lifecycle CO\u003Csub\u003E2\u003C/sub\u003Ee emissions.\u003C/li\u003E\r\n\u003Cli\u003EThe carbon credits you bought will come from Shell’s portfolio of projects generating carbon credits (Some examples of Project Types that may be in our portfolio can be found on our webpage: Project Types | Shell Global.) The carbon credits have been generated in accordance with international carbon standards and one carbon credit represents the equivalent of one metric ton of CO\u003Csub\u003E2\u003C/sub\u003E avoided or removed from the atmosphere.\u003C/li\u003E\r\n\u003Cli\u003EShell businesses encourage their customers to focus first on emissions that can be avoided or reduced, and only then compensate the remaining emissions through the purchase and retirement of the voluntary carbon credits. \u003C/li\u003E\r\n\u003Cli\u003ECO\u003Csub\u003E2\u003C/sub\u003Ee (CO2 equivalent) refers to CO\u003Csub\u003E2\u003C/sub\u003E, CH\u003Csub\u003E4\u003C/sub\u003E, N\u003Csub\u003E2\u003C/sub\u003EO.\u003C/li\u003E\r\n\u003C/ol\u003E\r\n"}},{"organism":"Container","children":[{"organism":"Container.List","children":[{"organism":"AccordionItem","color":"inherited","id":"/content/experience-fragments/shell/corporate/disclaimer/master/jcr_content/root/list/list_item","model":{"title":"Disclaimer","text":"\u003Cp\u003E\u003Cb\u003ECautionary Note\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this content refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking statements\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis content contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions, including (without limitation) those concerning Shell’s strategy and operating plans, macroeconomic conditions, future energy demand, supply and product mix, commodity prices, demand for Shell’s products, production results and reserve estimates, development, execution and management of projects, energy transition and climate change, management of safety and environmental risks, costs, cash capital expenditures, technology advancements, legislative, judicial, fiscal and regulatory developments, regional conflicts and trading conditions, and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this content, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this content are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\" target=\"_self\" rel=\"noopener noreferrer\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"https://www.sec.gov/\" target=\"_blank\" rel=\"noopener noreferrer\"\u003Ewww.sec.gov\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this content\u003Cb\u003E \u003C/b\u003Eand should be considered by the reader. Each forward-looking statement speaks only as of the date of this content. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this content.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net carbon intensity and net-zero emissions target\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EIn this content we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.\u003C/p\u003E\r\n\u003Cp\u003EShell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.\u003C/p\u003E\r\n\u003Cp\u003EThe information provided above regarding Shell’s NCI and net zero emissions target are not intended, nor should they be construed as introducing, suggesting or making any claim, target or representation thereof other than what is included in the content.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking non-GAAP measures\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis content may contain certain forward-looking non-GAAP measures such as free cash flow and underlying operating expenses. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements. These forward-looking non-GAAP measures are provided to assist readers in understanding management’s use and expectations of such measures and may not be appropriate for other purposes.\u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this content do not form part of this content.\u003C/p\u003E\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this content that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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Where emissions remain after a customer’s own avoidance and reduction measures, Shell may offer carbon credits generated in accordance with carbon standards.²/³\r\n\r\n","links":[{"name":"canonical","value":"https://www.shell.com/business-customers/industrial-lubricants-and-specialty-fluids-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits.html"},{"name":"errorUrl","value":"https://www.shell.com/error.html"},{"name":"hierarchy","value":"en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits"},{"name":"homeTitle","value":"Shell Global"},{"name":"homeUrl","value":"https://www.shell.com/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"Shell Lubricants products¹ and solutions with carbon credits | Shell Global"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/corporate/global/en_gb/business-customers/lubricants-for-business/shell-lubricants-products1-and-solutions-with-carbon-credits"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\n\r\nYou are now leaving the Shell global website.\r\n\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. 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