Sustainability at Shell

Powering Progress is our strategy to accelerate the transition of our business to net-zero emissions, in step with society, purposefully and profitably. It delivers value for our shareholders, customers and wider society, and integrates our long-standing commitment to contribute to sustainable development with our business strategy.

This commitment has been part of the Shell General Business Principles since 1997. These principles, together with our Code of Conduct, apply to the way we do business and to our conduct with the communities where we operate.

We aim to provide more and cleaner energy solutions in a responsible manner – in a way that balances short- and long-term interests, and that integrates economic, environmental and social considerations.

Young boy playing guitar in a living room, using a digital tablet. (photo)

We believe the rising standard of living of a growing global population will continue to drive demand for energy for years to come.

Today, we continue to build on these foundations while driving change across the organisation to help society meet its most pressing challenges, including those related to climate change, the environment, diversity and inclusion, and human rights. We seek the views of various groups and individuals about the role of an organisation like Shell in addressing these challenges.

Powering Progress, announced in February 2021, has four main goals in support of our purpose – to power progress together by providing more and cleaner energy solutions:

  • Generating shareholder value: growing value through a dynamic portfolio and disciplined capital allocation;
  • Achieving net-zero emissions in step with society: working with our customers and other sectors to accelerate the transition to net-zero emissions;
  • Powering lives: powering lives through our products and activities, and by supporting an inclusive society; and
  • Respecting nature: protecting the environment, reducing waste and making a positive contribution to biodiversity.

Powering Progress framework

The Shell investment case

POWERING PROGRESS

Our strategy to accelerate the transition to net-zero emissions, purposefully and profitably

GENERATING SHAREHOLDER VALUE

Growing value through a dynamic portfolio and disciplined capital allocation

ACHIEVING NET-ZERO EMISSIONS

Working with our customers and sectors to accelerate the energy transition to net-zero emissions

RESPECTING NATURE

Protecting the environment, reducing waste and making a positive contribution to biodiversity

POWERING LIVES

Powering lives through our products and activities, and supporting an inclusive society

UNDERPINNED BY OUR CORE VALUES AND OUR FOCUS ON SAFETY

Powering Progress is underpinned by our core values of honesty, integrity and respect for people and our focus on safety. These include our commitment to doing business in an ethical and transparent way.

We will also continue to work in close partnership with, and consider the views of, others, including non-governmental organisations, industry bodies, national oil and gas companies, our customers and wider society. Read more at www.shell.com/powering-progress.

UN Sustainable Development Goals

We will play our part in helping governments and societies achieve the Sustainable Development Goals (SDGs).

The goals were one of the considerations in the development of our Powering Progress strategy.

The actions we take as part of our Powering Progress strategy can help directly contribute to 13 of the SDGs, while indirectly contributing to others.

Information on how we are contributing to these SDGs can be found throughout this Sustainability Report and on shell.com/sdgs.

UN
United Nations
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