Shell has long recognised that greenhouse gas (GHG) emissions from the use of fossil fuels are contributing to the warming of the climate system. In December 2015, 195 nations adopted the Paris Agreement. We welcomed the efforts made by governments to reach this global climate agreement, which [...]
[...] the implementation of a measure for energy transition progress as part of our LTIP. Given the broad support for our direction of travel we have decided not to wait for the mandatory policy review of next year, but rather to start immediately by incorporating an energy transition metric into the [...]
[...] based on four financial measures and a new energy transition condition. They are also subject to a TSR underpin such that if the TSR ranking is fourth or fifth, the level of the 2019 award that can vest on the basis of the other measures will be capped at 50% of the maximum. Further information on [...]
[...] in the context of climate change and energy transition. The Board committees (see “Corporate governance”) play an important role in assisting the Board with regard to governance and management of climate change risks and opportunities. The role of the Corporate and Social Responsibility [...]
[...] the potential impacts of various possible energy transition pathways and scenarios for changes in societal expectations in relation to climate change. Shell recognises in its strategy that the world is transitioning to a lower-carbon energy system (see “Climate change and energy transition”). [...]
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Summary of results
Climate change and energy transition