Shell issues reports on Sustainability, Industry Associations, and Government Payments

The 2021 Sustainability Report, the 2022 Industry Associations Climate Review Update, and the 2021 Payments to Governments Report have all been released by Shell plc.

For the past 25 years, Shell has formally reported on sustainability-related performance with the goal of being transparent about activities that are important to investors, governments, and civil society. The 2021 Shell Sustainability Report outlines progress toward many of the company's Powering Progress strategic goals and shares data on social, safety, and environmental performance.

Shell's Chief Executive Officer, Ben van Beurden, writes in the report's introduction:

“Our Powering Progress strategy, which we launched in 2021, sets out how Shell can play a leading role in helping the world to reduce its carbon emissions. At the heart of our strategy lies our own target to become a net-zero emissions energy business by 2050, in step with society’s progress in achieving the Paris climate goals. In this, our 25th Sustainability Report, we share how we are working towards our Powering Progress goals.”

Shell also released an update to its 2022 Industry Associations Climate Review. It provides an update on actions taken by Shell over the past year to address differences in climate-related positions with industry associations where misalignment was identified. It also summarises Shell's payments to 36 associations in 2021.

Shell also released its 2021 Payments to Governments Report, which covers countries where it has exploration and production operations. This report covers payments made in 25 countries and was created in accordance with the UK's The Reports on Payments to Governments Regulations 2014. (as amended in December 2015).

Source: Shell news