Is Shell going green? In February 2021, Shell replaced its previous climate targets. The company now aims to reduce the carbon intensity of its operations (Scope 1 and 2 emissions) and the carbon intensity of its energy products (Scope 3 emissions) by 6-8% by 2023, 20% by 2030 and 45% by 2035.
Is Shell transitioning to renewables? Shell currently plans to increase its spending on renewables and low carbon technologies to up to 25% of its overall budget by 2025. Shell, which is the world’s top oil and gas trader, has said its carbon emissions peaked in 2018, while its oil output peaked in 2019 and was set to drop by 1% to 2% per year.
Is Shell moving away from oil? Royal Dutch Shell is proposing relocating its headquarters from the Netherlands to the United Kingdom (U.K.) among other restructuring moves as the world shifts away from fossil fuel dependence.
What sustainability means at Shell? Sustainability at Shell means providing more and cleaner energy solutions in a responsible way. Our core values of honesty, integrity and respect for people – first laid out in the Shell General Business Principles more than 40 years ago – underpin our approach to sustainability.