Environmental products, tomorrow is today’s job
Carbon credits can play a complementary role in helping organisations address residual emissions after taking steps to reduce their emissions. Shell is clear that carbon credits need to deliver a robust carbon benefit and positively impact ecosystems and communities. We select projects that are certified under credible and independent carbon credit standards, including Verified Carbon Standard, Gold Standard and the American Carbon Registry. We do this to help assess that the carbon credits we offer and use are real and verifiable, and that issues such as permanence, additionality and leakage have been adequately considered.
Helping you navigate carbon markets
Diverse portfolio
Shell's portfolio includes a range of environmental products designed to support a variety of business needs across voluntary and compliance markets.
Due diligence
Each carbon credit in Shell’s portfolio undergoes due diligence to ensure rigorous evaluation and quality assurance.
Experience
Leveraging years of experience, Shell helps businesses effectively navigate the complexities of carbon markets, supporting them to make informed, impactful decisions.
Managing emissions often involves a combination of approaches:
- Avoid emissions where possible
- Reduce emissions where feasible
- Consider carbon credits as one option for addressing emissions that remain after emissions reduction efforts
We actively participate in carbon markets and have a diverse portfolio of high-quality carbon credits to help our customers address residual emissions as part of their broader emissions-reduction strategies.
Helping your business meet its compliance requirements
Our knowledge, experience and participation in major emissions trading schemes around the world can help you navigate regulatory requirements.
Shell's carbon credit portfolio
Our portfolio of carbon credits is drawn from projects around the world that use various project types to remove carbon from the atmosphere or avoid and reduce greenhouse gas emissions.
We source carbon credits from initiatives that aim to deliver positive impacts for local communities, biodiversity, and habitats. The emissions reductions these projects achieve are verified by independent carbon credit standards.
Resources to navigate the carbon market
Insights into voluntary carbon market trends
The voluntary carbon market (VCM) is increasingly used by companies as part of broader climate and emissions-management strategies. This research whitepaper explores what drives demand, how businesses choose and procure carbon credits, and why credibility and impact are critical to building effective carbon credit strategies.
Carbon Credits Glossary: Key terms in Carbon Markets explained
From nature-based solutions to additionality, bring clarity to your climate conversations with jargon-busting definitions for the most used environmental phrases.
Your guide to procuring CORSIA Eligible Emissions Units (EEUs)
This curated resource is intended to help you understand CORSIA compliance requirements, strategise your procurement of eligible emissions units (EEUs), and navigate the complexities of purchasing credits.
Webinar: What does a credible carbon credit portfolio look like?
Christina Elvers, Strategy Manager of Environmental Products Trading at Shell discusses how organisations are managing risk, assessing quality and building resilient carbon credit portfolios.
Stay informed with our latest insights
Discover how Shell is making an impact through low-carbon solutions and actionable insights to help drive progress in the energy transition.
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Disclaimer
Disclaimer
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Disclaimer
Disclaimer
Cautionary Note
The 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.
Forward-Looking statements
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Shell’s net carbon intensity and net-zero emissions target
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 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.
The 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.
Forward-Looking non-GAAP measures
This 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.
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