Shell Energy Transition Strategy
How are we transforming our business? Read about Shell’s Energy Transition Strategy and progress as we work to become a net-zero emissions energy business by 2050.
Shell’s Energy Transition Progress Report 2021 outlines our progress in the year since our shareholders overwhelmingly supported our energy transition strategy.
It shows how we are working towards concrete climate goals, including our new target to reduce absolute emissions from our operations and the energy we use to run them by 50% by 2030, compared with 2016 on a net basis. By the end of 2021, we had made a reduction of 18%.
This reports also details critical investment decisions we have taken in the production of low-carbon fuels, solar and wind power, and hydrogen. It shows how we have made significant changes to our Upstream and refinery portfolios, reshaped the organisation and simplified the company and its share structure.
Our energy transition strategy was put to an advisory shareholder vote at the Annual General Meeting in 2021, when it secured around 89% of the vote. In 2022, we are asking shareholders to vote on our progress, as we will do every year until 2050. The vote on progress is purely advisory and not binding on shareholders.
Our energy transition publications
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Shell’s target is to become a net-zero emissions energy business by 2050, in step with society.
Our Annual Report, Sustainability Report, Tax Contribution Report and other annual publications are available online and as PDF download. A printed copy of our Annual Report can be ordered free of charge.