{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Breaking down SAF’s potential for net-zero aviation","text":"Explore how sustainable aviation fuel (SAF) can help achieve net-zero emissions in aviation. Learn how Shell is scaling SAF supply, infrastructure, and innovation to decarbonise global air travel.","links":[{"name":"Breaking down SAF’s potential for net-zero aviation","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation.html"}],"image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/metadata.shellimg.png/1756812974641/a-commercial-airplane-coming-in-for-landing.png","alt":"A commercial airplane coming in for landing against a vibrant orange sunset sky, with silhouettes of mountains and trees in the background.","width":3807,"height":2157}},"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/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/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/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 Low Carbon Solutions","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions.html"},{"name":"Low Carbon Solutions Insights Hub","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub.html"},{"name":"Low Carbon Solutions, Products & Strategies","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products.html"},{"name":"Breaking down SAF’s potential for net-zero aviation","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation.html"}]},"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeaderBanner","color":"semitransparent","model":{"title":"Breaking down SAF’s potential for net-zero aviation","text":"\u003Cp\u003EWith demand for air travel only increasing, so will its carbon emissions, this means capitalising on the sector’s most promising decarbonisation tool is key.\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n","image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/main/section/page_header.shellimg.png/1756813021971/a-commercial-airplane-coming-in-for-landing.png","alt":"A commercial airplane coming in for landing against a vibrant orange sunset sky, with silhouettes of mountains and trees in the background.","width":3831,"height":1677}},"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section/page_header"},{"organism":"Author.Bio","color":"brand1-subtle","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section/author_copy","model":{"text":"\u003Cp\u003E\u003Cb\u003ERaman Ojha\u003C/b\u003E\u003C/p\u003E\r\n\r\n\r\n\u003Cp\u003EAs President of Shell Aviation, I lead our global network of operations, joint ventures, and sales of fuels, lubricants, and sustainable solutions to the aviation industry. At Shell Aviation, we are committed to providing our customers with the highest quality products and services while prioritising sustainability and innovation.\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n","links":[{}],"image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/main/section/author_copy.shellimg.png/1750250626362/raman-ojha.png","alt":"Raman Ojha, President of Shell Aviation, pictured in a professional setting.","width":3840,"height":3840}}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003ESupporting \u003Ca href=\"https://www.asd-europe.org/news-media/news-events/news/new-report-shows-aviation-s-global-impact/\" target=\"_blank\"\u003E86.5 million jobs and contributing $4.1 trillion to global GDP\u003C/a\u003E\u003Csup\u003E1\u003C/sup\u003E, the aviation sector is a cornerstone of our economy – connecting people, cultures, and businesses worldwide.\u003Cbr\u003E\r\n \u003Cbr\u003E\r\n But it also accounts for approximately 2% of global energy-related CO₂ emissions\u003Csup\u003E2\u003C/sup\u003E. And while other sectors, such as road transport or power generation, are decarbonising more rapidly – aviation’s share of global emissions is expected to keep rising, with air travel seeing renewed enthusiasm following the COVID-19 pandemic.\u003C/p\u003E\r\n\u003Cp\u003ESustainable aviation fuel (SAF) holds the greatest potential to decarbonise the aviation industry and is aligned with the International Civil Aviation Organization’s (ICAO)\u003Csup\u003E*\u003C/sup\u003E long-term aspirational goal of achieving net-zero emissions by 2050.\u003C/p\u003E\r\n\u003Cp\u003EHowever, scaling SAF adoption will require a coordinated effort across all stakeholders – underpinned by policy frameworks to drive demand and investment, enhanced supply-chain infrastructure to ensure global access, and innovative solutions to overcome physical supply limitations.\u003C/p\u003E\r\n"}},{"organism":"PromoFull","color":"brand4-solid","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section/promo","model":{"title":"Driving decarbonisation from ‘what’ to ‘how’","text":"\u003Cp\u003EThe world’s largest companies explain the actions they are taking to reduce carbon emissions and why they choose to work with Shell as their decarbonisation journeys move from “what” to do, to “how” to do it.\u003C/p\u003E\r\n\r\n\r\n\u003Cp\u003E\u003Cb\u003E\u003Ca href=\"https://www.shell.com/business-customers/shell-low-carbon-solutions/decarbonisation-from-what-to-how.html\" target=\"_self\"\u003ELearn more\u003C/a\u003E\u003C/b\u003E\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n","image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/main/section/promo.shellimg.png/1750250640750/shell-aviation-fuel-truck-refuelling-an-emirates-aircraft.png","alt":"Shell Aviation fuel truck refuelling an Emirates aircraft on the tarmac, with two technicians in high-visibility jackets operating the equipment.","width":3840,"height":2160}}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section/text_1626950949","model":{"title":"Catalysing SAF adoption through policy","text":"\u003Cp\u003EA stable and sustained demand for SAF is key to scaling both production and supply. Creating clear, long-term policies that mandate a certain percentage of SAF usage across the industry, alongside targeted incentives to address affordability and drive shared cost savings, can help generate demand and reduce price uncertainty in early-stage markets.\u003C/p\u003E\r\n\u003Cp\u003EThe industry is making progress in this area. In the UK and EU, for example, mandates requiring 2% of SAF usage will take effect in 2025 – and will increase to 10%3 and 6% respectively by 2030\u003Csup\u003E4\u003C/sup\u003E.\u003C/p\u003E\r\n\u003Cp\u003EWhile such policies are a welcome development, swift clarity on implementation will be needed as these policies enter into force.\u003C/p\u003E\r\n\u003Cp\u003EIn addition, mandates alone won’t be enough. Policy frameworks must include incentives to address the affordability challenge associated with SAF, such as the EU Emissions Trading System (ETS) SAF fund. This is a welcome mechanism to support SAF affordability which we believe should be expanded as far as possible.\u003C/p\u003E\r\n\u003Cp\u003EPrice stability is crucial to drive SAF adoption, and policies must encourage collaboration across the aviation value chain – including airlines, airports, fuel producers, and suppliers – to ensure simultaneous progress in supply and demand.\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand4-solid","children":[{"organism":"StandaloneAsset","color":"inherited","colspan":6,"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_985313523/standalone_asset","model":{"image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/main/section_985313523/standalone_asset.shellimg.png/1750842240441/close-up-view-from-beneath-a-commercial-airplane.png","alt":"Close-up view from beneath a commercial airplane showing the aircraft's landing gear and jet engine against a bright blue sky.","width":2955,"height":2154}}},{"organism":"PromoSimple.Text","color":"brand1-subtle","colspan":6,"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_985313523/text_copy","model":{"title":"Laying the foundations for a global supply chain","text":"\u003Cp\u003ESAF supply is currently concentrated at specific locations, creating logistical challenges in delivering it to airports around the world. Significant investments in infrastructure are needed to address this and enable better blending, transportation, and distribution of SAF.\u003C/p\u003E\r\n\u003Cp\u003EAt \u003Ca href=\"https://www.linkedin.com/showcase/shell-aviation/\" target=\"_blank\"\u003EShell Aviation\u003C/a\u003E, we’re working closely with customers to establish a supply chain that can support large-scale SAF deliveries. In 2024, we supplied SAF to Jet2 and Ryanair at London Stansted, and to Emirates at London Heathrow. This marked our first SAF delivery in the UK, expanding our global SAF reach to 10 countries.\u003C/p\u003E\r\n\u003Cp\u003EThese deliveries were made possible through the Shell Haven facility, where neat SAF is blended before being transported to airports and injected into the fuel network. With current regulations capping SAF usage at 50% of total fuel\u003Csup\u003E5\u003C/sup\u003E, blending capabilities are a vital component of the supply chain.\u003C/p\u003E\r\n\u003Cp\u003EShell’s long-standing expertise in jet-fuel logistics enables us to efficiently move SAF in bulk from production facilities to blending hubs, and onwards to airports. Our established relationships with airlines, airports, and other stakeholders across the aviation value chain position us as a key enabler in scaling SAF adoption.\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_985313523","model":{}},{"organism":"Container.Section","children":[{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/text","model":{"title":"Innovative solutions to widen access to the GHG benefits of SAF","text":"\u003Cp\u003EOvercoming the complexities of the SAF supply chain is no small feat. It will require collaboration across the entire aviation ecosystem, whereby airlines, airports, suppliers, policymakers, and other stakeholders work together to move SAF from production facilities to aircrafts.\u003C/p\u003E\r\n\u003Cp\u003EThis collaborative effort is central to Shell Aviation’s mission. By working with forward-thinking customers and partners, we’re taking steps to improve access to SAF worldwide. Through our extensive refuelling network, infrastructure, and industry connections, we aim to facilitate more SAF deliveries and provide airlines with the fuel options they need to reduce emissions.\u003C/p\u003E\r\n\u003Cp\u003EThough developing a robust SAF supply chain is paramount, it’s just one part of the broader effort to decarbonise aviation.\u003Cbr\u003E\r\n\u003Cbr\u003E\r\nInnovative solutions like book and claim, for example, are essential to overcome the limitations of physical supply. The book and claim model enables companies to access the benefits of SAF without being constrained by its physical availability at specific locations. This means corporations can access and benefit from SAF even if the SAF is used elsewhere in the global fuel network, depending on the offering**. This provides a practical and scalable way for companies to address their business travel life cycle GHG emissions without being limited by SAF’s physical availability.\u003C/p\u003E\r\n\u003Cp\u003EThe \u003Ca href=\"https://www.aveliasolutions.com/\" target=\"_blank\"\u003EAvelia\u003C/a\u003E platform, launched by Shell, American Express Global Business Travel and Accenture in 2022, is a book and claim solution that is helping the aviation industry to leverage SAF’s environmental benefits and accelerate its journey to net zero. With more than 33 million gallons of SAF\u003Csup\u003E6\u003C/sup\u003E injected into the existing aviation fuelling network since launch, we’re not just enabling lower-carbon business travel – we’re helping to scale demand in SAF.\u003C/p\u003E\r\n\u003Ch3\u003E\u003Cb\u003ETo conclude\u003C/b\u003E\u003C/h3\u003E\r\n\u003Cp\u003EDeveloping a robust SAF supply chain is crucial, but it’s just one part of the broader effort to decarbonise aviation. To overcome the limitations of physical supply, innovative solutions like book and claim systems are essential. These mechanisms allow customers to purchase the environmental attributes of SAF even when it isn’t available at their departure airport, helping to drive demand and support SAF adoption on a global scale.\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/text_1096688497","model":{"text":"\u003Cp\u003E\u003Cb\u003E\u003Ci\u003EDate of publication: September, 2025\u003C/i\u003E\u003C/b\u003E\u003C/p\u003E\r\n"}},{"organism":"PromoBanner","color":"semitransparent","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/promo","model":{"title":"Aviation","text":"\u003Cp\u003EAs our world becomes increasingly connected, people, communities and businesses look to aviation for opportunities that were unimaginable just a few decades ago.\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n","links":[{"name":"Find out more about Shell Aviation","value":"https://www.shell.com/business-customers/aviation.html"}],"image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/main/section_1379319210/promo.shellimg.png/1757422783719/commercial-airplane-flying-at-high-altitude-above-the-clouds.png","alt":"A commercial airplane flying at high altitude above the clouds during sunrise or sunset, with its tail and wings illuminated by the soft light.","width":3837,"height":1680}}},{"organism":"CallToAction","color":"brand4-solid","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/call_to_action_copy_","model":{"links":[{"name":"Contact us","value":"https://www.shell.com/who-we-are/contact-us.html","icon":"/content/dam/shell/icons/global/technology/mobile-alt.svg"},{"name":"Find out more","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions.html","icon":"/content/dam/shell/icons/global/operations/search.svg"}]}},{"organism":"Container.List","children":[{"organism":"AccordionItem","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/list/list_item","model":{"title":"Cautionary Note","text":"\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 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 and amendment thereto for the year ended December 31, 2024 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\"\u003Ewww.sec.gov\u003C/a\u003E\u003Cspan style=\"font-size: 0.8125rem;\"\u003E). These risk factors also expressly qualify all forward-looking statements contained in this content and 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/span\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net carbon intensity\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EAlso, in this content\u003Cb\u003E \u003C/b\u003Ewe 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\u003E\u003Cb\u003EShell’s net-zero emissions target\u003C/b\u003E\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 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.\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 adjusted earnings and divestments. 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.\u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this content do not form part of this content.\u003Cb\u003E\u003C/b\u003E\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. Investors are urged to consider closely the disclosure in our Form 20-F and any amendment thereto, File No 1-32575, available on the SEC website \u003Ca href=\"http://www.sec.gov/\" target=\"_blank\"\u003Ewww.sec.gov\u003C/a\u003E.\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/list","model":{}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210/text_950286431","model":{"title":"Disclaimers","text":"\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E1\u003C/sub\u003E\u003C/sup\u003E\u003Csub\u003EASD Europe \u003Ca href=\"https://www.asd-europe.org/news-media/news-events/news/new-report-shows-aviation-s-global-impact/\" target=\"_blank\"\u003Ehttps://www.asd-europe.org/news-media/news-events/news/new-report-shows-aviation-s-global-impact/\u003C/a\u003E\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E2\u003C/sub\u003E\u003C/sup\u003E\u003Csub\u003E IEA. \u003Ca href=\"https://www.iea.org/energy-system/transport/aviation\" target=\"_blank\"\u003Ehttps://www.iea.org/energy-system/transport/aviation\u003C/a\u003E\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E*\u003C/sub\u003E\u003C/sup\u003E \u003Csub\u003EICAO is the key international body overseeing international aviation under the United Nations. Emissions from international flights that can be missed in national emissions reduction strategies under the Paris Agreement are in scope of the ICAO.\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E3\u003C/sub\u003E\u003C/sup\u003E \u003Csub\u003E\u003Ca href=\"http://gov.uk/\" target=\"_blank\"\u003EGOV.UK\u003C/a\u003E. \u003Ca href=\"https://www.gov.uk/government/news/greener-flights-ahead-for-uk-aviation\" target=\"_blank\"\u003Ehttps://www.gov.uk/government/news/greener-flights-ahead-for-uk-aviation\u003C/a\u003E\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E4\u003C/sub\u003E\u003C/sup\u003E \u003Csub\u003EDeloitte. \u003Ca href=\"https://www.deloitte.com/uk/en/Industries/financial-services/blogs/sustainable-aviation-fuels.html\" target=\"_blank\"\u003Ehttps://www.deloitte.com/uk/en/Industries/financial-services/blogs/sustainable-aviation-fuels.html\u003C/a\u003E\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E5\u003C/sub\u003E\u003C/sup\u003E \u003Csub\u003EICAO. \u003Ca href=\"https://www.icao.int/environmental-protection/Documents/ACT-SAF/ACT%20SAF%20series%201%20-%20Introduction%20to%20SAF%20FINAL.pdf\" target=\"_blank\"\u003Ehttps://www.icao.int/environmental-protection/Documents/ACT-SAF/ACT%20SAF%20series%201%20-%20Introduction%20to%20SAF%20FINAL.pdf\u003C/a\u003E\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E**\u003C/sub\u003E\u003C/sup\u003E \u003Csub\u003ENot all offerings are available in all jurisdictions. Depending on jurisdiction and local laws, Shell may offer the sale of Environmental Attributes (for which subject to applicable law and consultation with own advisors, buyers might be able to use such Environmental Attributes for their own emission reduction purposes) and/or Environmental Attribute Information (pursuant to which buyers are helping subsidize the use of SAF and lower overall aviation emissions at designated airports but no emission reduction claims may be made by buyers for their own emissions reduction purposes). Different offerings have different forms of contracts, and no assumptions should be made about a particular offering without reading the specific contractual language applicable to such offering.\u003C/sub\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Csup\u003E\u003Csub\u003E6\u003C/sub\u003E\u003C/sup\u003E \u003Csub\u003ETrue as of March 31 2025\u003C/sub\u003E\u003C/p\u003E\r\n"}}],"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1379319210","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1710978650_c/promo_copy","model":{"title":"Shell Low Carbon Solutions","text":"\u003Cp\u003EShell created Low Carbon Solutions to help forward-thinking leaders solve these challenges and deliver more value with less emissions.\u003C/p\u003E\r\n\r\n\r\n\r\n\r\n\r\n\r\n","links":[{"value":"https://www.shell.com/business-customers/shell-low-carbon-solutions.html"}],"image":{"src":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/_jcr_content/root/main/section_1710978650_c/promo_copy.shellimg.png/1750076146794/large-commercial-aircraft-taking-off.png","alt":"A plane flying over a port side","width":3840,"height":2160}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation/jcr_content/root/main/section_1710978650_c/promo","model":{"title":"Sustainable Aviation Fuel","text":"\u003Cp\u003EBy proactively reducing emissions, through the increased use of Sustainable Aviation Fuel (SAF). 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Learn how Shell is scaling SAF supply, infrastructure, and innovation to decarbonise global air travel.","links":[{"name":"canonical","value":"https://www.shell.com/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation.html"},{"name":"errorUrl","value":"https://www.shell.com/error.html"},{"name":"hierarchy","value":"en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation"},{"name":"homeTitle","value":"Shell Global"},{"name":"homeUrl","value":"https://www.shell.com/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"Breaking down SAF’s potential for net-zero aviation | Shell Global"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/corporate/global/en_gb/business-customers/shell-low-carbon-solutions/low-carbon-solutions-insights-hub/low-carbon-solutions-and-products/breaking-down-safs-potential-for-net-zero-aviation"},{"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. 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