Our Business Principles encourage us to contribute to debates on policy issues that affect our business, our employees or the local communities where we operate.
We have recognised the importance of the climate challenge for a long time now, along with our role in enabling people to achieve and maintain a good quality of life. Shell aims to cut the Net Carbon Footprint of its energy products – expressed in grams of CO2 equivalent per mega joule consumed to be in line with society – by around half by 2050. As an interim step, by 2035 we aim to reduce it by around 20%. It will do this in step with society’s drive to align with the Paris goals, and we will do it by taking into account the net carbon footprint of the full range of Shell emissions, from our operations and from the consumption of our products.
Government policy needs to acknowledge both environmental objectives and economic growth, encouraging a range of solutions that include both cleaner hydrocarbons and renewables. Meaningful government-led carbon pricing mechanisms are also needed , along with carbon capture and storage, and nature based solutions if society is to achieve its climate goals.
We share our knowledge, experience and understanding of the energy system with policymakers. We have, for example, presented our Sky Scenario, a technically possible, but challenging pathway for society to achieve the goals of the Paris Agreement, to governments and international institutions to help them understand the challenges, trade-offs and urgency involved in building a new energy future.
We are also working with companies, governments and non-governmental organisations to create support for ensuring clear and effective policy.
Our Business Principles prohibit payments by Shell companies to political parties. The principles aim to avoid Shell companies buying – or being perceived to be buying – favours, and avoiding direct or indirect bribery and corruption.