Selecting the topics
The 2023 Sustainability Report, published on March 19, 2024, is our 27th such report. It details our social, safety and environmental performance in 2023. As of 2024, our sustainability reporting will be integrated with the Shell Annual Report and Accounts.
Each year we use a structured process to select the report’s content. We engage with various groups and individuals to understand specific concerns about our business and its impact, particularly relating to the environment and society. We consider the views of others such as non-governmental organisations, customers, the media, academics, investors and employees.
Input from our Report Review Panel of independent experts helps to ensure that coverage is relevant, balanced, fair and complete.
Read more about our topic selection process at www.shell.com/sustainability/transparency-and-sustainability-reporting/sustainability-reports.
Reporting guidelines
Our reporting is informed by several voluntary reporting standards and guidelines including those developed by Ipieca, the global oil and gas industry association for advancing environmental and social performance across the energy transition, and the Global Reporting Initiative (GRI) (see the GRI content index and www.shell.com/voluntary-reporting-standards-and-esg-ratings for full details).
As a member of the World Business Council for Sustainable Development, we support the organisation’s updated criteria for membership, which include requirements for corporate transparency.
We are also a founding member and a signatory of the United Nations Global Compact. We continue to support its corporate governance principles on human rights, environmental protection, anti-corruption and better labour practices.
The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) guide our reporting in our Annual Report. Our climate-related financial disclosures are consistent with all of the TCFD recommendations and recommended disclosures. We recognise the value that the recommendations bring.
As a third-country issuer with securities listed on an EU-regulated market, Shell plc expects to come within the scope of the EU Corporate Sustainability Reporting Directive in 2024, subject to relevant legislative processes. We also continue to monitor the development of emerging frameworks such as the Taskforce on Nature-related Financial Disclosures.
More detailed information about how we report is available at www.shell.com/sustainability/transparency-and-sustainability-reporting.
