Shell submits net-zero plan to shareholders

Decarbonisation targets are linked to the remuneration of Shell employees

Shell has submitted its plan to achieve net-zero emissions by 2050 to shareholders, who will vote on the plan next month. The plan will see the firm reducing the carbon intensity of its scope one, two and three emissions from 79gCO₂e /MJ in 2016 to under 40gCO₂e /MJ by 2035 and 0gCO₂e /MJ by 2050. It is the first time that an energy company has asked shareholders to vote on its energy transition strategy, according to Shell CEO Ben van Beurden. “As we transform our business, it is more important than ever for shareholders to understand and support our approach,” he says. 120mn t/yr – Number of offsets used by 2030 The plan foresees the elimination of routine flaring by 2030, 25mn t/y