SHELL REPUTATIONAL RISKS
How fortunate that Shell has not got itself mired in any murky activity. e.g. paying hundreds of millions to a Nigerian crook, putting profits before safety with induced earthquakes in The Netherlands, terrorising safety staff in Norway, spying globally on its own employees, or engaging in widespread bribery and corruption in Ireland. None of that could possibly happen. Same applies to the oil and gas reserves fraud, which Donny Ching, to his credit, has not forgotten.
The following information is taken directly from Shell’s Annual Report for the year ended December 31, 2016
From page 14
An erosion of our business reputation could have a material adverse effect on our brand, our ability to secure new resources and our licence to operate.