Carbon credits¹ for your unavoidable emissions
Use carbon credits generated by verified projects for your fleet’s unavoidable CO2 emissions – for situations where further reduction or avoidance of your fleet’s CO2 emissions isn’t feasible1,2.
There’s no one-size-fits-all approach to fleet decarbonisation. Even after adopting lower-carbon solutions compared to conventional diesel, some emissions are unavoidable1. Carbon credits can be used to compensate for those remaining emissions. Shell offers a global portfolio of independently verified projects that generate carbon credits. These projects use various methods intended to remove carbon from the atmosphere or avoid and reduce greenhouse gas emissions. And with the Shell Card, obtaining carbon credits is simple and cost-effective.
Carbon credits can help lower your CO2 emissions. Shell offers a global portfolio of independently verified projects that generate carbon credits.
How carbon credits can benefit your business
Benefit from a diverse portfolio
Benefit from a diverse portfolio, from nature-based solutions such as reforestation to technology-based projects such as providing fuel-efficient cook stoves. Our projects aim to deliver measurable benefits while positively impacting local communities, biodiversity and natural habitats.
Trust in high quality
All of our projects are rigorously screened and independently verified to internationally recognised standards1, and aim to reduce CO2 emissions, providing hard-to-abate sectors with a mechanism to purchase carbon credits with confidence.
Rely on industry expertise
With over 20 years of experience in carbon markets and more than 100 in-house experts, Shell is active in major emissions trading schemes worldwide. We also work closely with industry groups and actively contribute to developments in this space.
Showcase your corporate leadership
By purchasing verified carbon credits, you demonstrate your commitment to reducing your fleet’s environmental impact.
Receive an annual carbon credit certificate
When you invest in projects generating carbon credits, you will receive an annual carbon credit retirement certificate, demonstrating that the carbon credits have been retired.
Three ways to purchase carbon credits
Working with Shell gives you access to carbon credits provided with integrity and allows you to purchase in three different ways – just by refuelling with Shell Card3.
Fleet Full Product with Carbon Credits²
Compensate for the life cycle CO2 emissions from your fleet’s fuel consumption with your Shell Card.
- All your Shell Cards are enabled to compensate for the life cycle CO2 emissions from your fuel consumption.
- Compensation cost is calculated per litre.
- Get one invoice for all your fuel and carbon credit purchases4.
- Receive an annual Shell carbon credit retirement certificate5.
- Enjoy all Shell Card benefits for your fleet.
Fleet Partial Product with Carbon Credits²
Balance your decarbonisation goals and operational costs by choosing the number of Shell Cards that are opted in for products with carbon credits1,2.
- Opt-in for as many or as few cards as you like.
- Compensation cost is calculated per litre on selected cards only.
- Get one invoice for all Shell Cards, whether opted in or not4.
- Receive an annual Shell carbon credit retirement certificate5.
- Enjoy all Shell Card benefits for your fleet.
Standalone carbon credits
Purchase carbon credits to compensate for your fleet’s emissions without linking it to your fuel consumption.
- Compensate for any source of unavoidable emissions across your business.
- Receive a one-off invoice for carbon credits purchased.
- Not linked to Shell Card.
- Receive a Shell carbon credit retirement certificate5.
| Features | Fleet Full Product with carbon credits | Fleet Partial Product with carbon credits | Standalone carbon credits |
|---|---|---|---|
| Linked to fuel emissions | Yes | Yes | Yes |
| Covers life cycle CO2 emissions from fuel purchases made with Shell Card | Yes | No | Depending on the total amount of carbon credits procured and retired |
| Linked with Shell Card | Yes | Yes | No |
| Combined invoice | Yes | Yes | No |
| Shell carbon credit retirement certificate | Yes | Yes | Yes |
How do carbon credits work?
When you use Shell Card, we can track your fleet’s fuel consumption and calculate your life cycle CO2 emissions.
Step 1
You opt-in to compensate your fleet’s CO2 emissions. Your drivers use Shell Card to refuel as usual.
Step 2
We track your fleet’s fuel consumption and calculate the associated life cycle CO2 emissions.
Step 3
We compensate for emissions through our global portfolio of projects generating carbon credits.
Step 4
Carbon credits equivalent to the estimated life cycle CO2 emissions from your fleet’s fuel consumption are retired annually. A retirement certificate5 is issued to confirm this compensation. Charges will be applied to your fleet’s account.
Disclaimers
Disclaimers
1. We aim to support high quality carbon credit projects that help make a positive impact by helping to avoid or reduce emissions, and often delivering other co-benefits such as improved biodiversity, protection of wildlife and support for local communities. As part of our commitment to supporting high quality projects, we only offer carbon credits that hold independent third-party accreditation under an internationally-recognised standard (e.g. Verra, Gold Standard, American Carbon Registry) and also undertake our own enhanced due diligence processes to assess projects against Shell's quality markers.
2. The term “Product with carbon credits” does not imply that the product is a substitute for switching to low-emission energy solutions or reducing fossil fuel usage. Although carbon credits aim to compensate for the product’s lifecycle CO2 emissions, CO2 emissions will be emitted to atmosphere. Although these carbon credits have been generated in accordance with international carbon standards, the compensation may not be exact. Shell 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 voluntary carbon credits.
“Product with carbon credits” indicates that Shell will engage in a transaction where an amount of CO2 equivalent to the value of the remaining CO2 emissions from the product’s lifecycle including raw material extraction, transport, production, distribution and usage /end-of-life of the product are intended to be compensated through the purchase and retirement of carbon credits.
3. Non-Shell card options are also available.
4. You’ll receive one invoice for all your Shell Cards, no matter how many include CO2 Compensation–simplifying the process and avoiding unnecessary administration.
5. You’ll receive a Shell-branded carbon credit retirement certificate during Q1 of the year following your purchase.
How can we help?
Cautionary note
Cautionary note
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Forward-Looking statements
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Shell’s net carbon intensity
Also, in 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.
Shell’s net-zero emissions target
Shell’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 Scope 1, Scope 2 and NCI targets 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.
Forward-Looking non-GAAP measures
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