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Our Powering Progress targets

Net-zero emissions by 2050 [A], [D] (Scopes 1, 2 and 3) 2023 actual performance Metrics, targets and ambitions to 2050 Emissions from our own operations (Scope 1 and 2) Target Scope 1 and 2emissions [B] 31%reduction vs 2016 Target Halving Scope1 and 2 emissionsby 2030 [B] under operationalcontrol (2016 baseline) Target Routineflaring 0.1 milliontonnes hydrocarbons flared Target Eliminating routine flaring from upstream operations by 2025 [E] Target Methane emissions [C] 0.05% Target Maintain methaneemissions intensity below 0.2% and achieve near-zeromethane emissions by 2030 [C] Emissions from our own operations (Scope 1 and 2) Target Net carbon intensity (NCI) 6.3%reduction (6–8% target) Target Net carbon intensity (NCI) Introducing a range of 15–20% for our target to reduce NCIby 2030 (2016 baseline) Updated Ambition New ambition [F] First performance metric to be reported in 2024 New Ambition Oil products ambition [F] Reduce customer emissions from the use of our oil products by 15–20% by 2030, Scope 3 Category 11 (2021 baseline) New Net-zero emissions by 2050 [A], [D] (Scopes 1, 2 and 3) 2023 actual performance Metrics, targets and ambitions to 2050 Emissions from our own operations (Scope 1 and 2) Target Scope 1 and 2emissions [B] 31%reduction vs 2016 Target Routineflaring 0.1 milliontonnes hydrocarbons flared Target Methane emissions [C] 0.05% Target Halving Scope1 and 2 emissionsby 2030 [B] under operationalcontrol (2016 baseline) Target Eliminating routine flaring from upstream operations by 2025 [E] Target Maintain methaneemissions intensity below 0.2% and achieve near-zeromethane emissions by 2030 [C] Emissions from the products we sell (Scope 3) Target Net carbon intensity (NCI) 6.3%reduction (6–8% target) Ambition New ambition [F] First performance metric to be reported in 2024 New Target Net carbon intensity (NCI) Introducing a range of 15–20% for our target to reduce NCIby 2030 (2016 baseline) Updated Ambition Oil products ambition [F] Reduce customer emissions from the use of our oil products by 15–20% by 2030, Scope 3 Category 11 (2021 baseline) New
[A] We believe our total net absolute emissions peaked in 2018 at around 1.73 gigatonnes of carbon dioxide equivalent (GtCO2e) per annum.
[B] Operational control boundary. Our 2030 and 2050 targets are on a net basis (i.e. inclusive of any future use of carbon credits).
[C] Covers all oil and gas assets for which Shell is the operator. Measured separately for assets with marketed gas (gas, LNG and GTL available for sale) and assets without marketed gas (oil and gas assets where gas is reinjected). 2023 actual performance relates to assets with marketed gas.
[D] Our targets for 2050 are based on mitigation activities undertaken by both Shell and our customers.
[E] Subject to completion of the sale of SPDC.
[F] In our Energy Transition Strategy 2024, we have set an ambition to reduce customer emissions from the use of our oil products (Scope 3, Category 11) by 15–20% by 2030, compared with 2021. Customer emissions from the use of our oil products (Scope 3, Category 11) were 517 million tonnes carbon dioxide equivalent (CO2e) in 2023 and 569 million tonnes CO2e in 2021.

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