SHELL’S RESPONSE TO CLIMATE CASE RULING
May 26, 2021
English Translation below
Today the court in The Hague has ruled in the climate case of Milieudefensie, other NGOs and private individuals against Royal Dutch Shell (“Shell”).
“Urgent action is needed to tackle climate change. That’s why we’ve accelerated our efforts to become a net zero emissions energy company by 2050, moving with society, with short-term goals to track our progress. ”
“We are investing billions of dollars in low-carbon energy, including charging points for charging electric vehicles, hydrogen, renewables and biofuels. We want to increase the demand for these products and scale up our new energy companies even faster. ”
“We will continue to focus on these efforts and expect to appeal the disappointing court ruling today.”
We continue to take significant steps to accelerate our transition to a company with net zero emissions. This also includes working with our suppliers, customers and other partners to reduce their emissions. To find the solutions the world demands, we continue to engage with NGOs, partners in industry, governments, the knowledge and research sector, shareholders and wider society. In the Netherlands, for example, this contributed to the realization of the national Climate Agreement.
Here are some of the key milestones we’ve achieved so far to become a net zero emissions energy company:
- In 2021, we were the first energy company to give investors an advisory voice on our energy transition strategy .
- In 2020, we announced our goal of becoming a net zero emission energy company by 2050 , in line with society’s progress towards the Paris Agreement goal. This is an integral target that includes our own emissions as well as those resulting from the use by our customers of the products we supply. Not just what we get out of the ground, but everything we sell.
- In 2019, we published the first Industry Associations Climate Review , assessing the alignment between our climate-related policy positions and those of 19 major industry associations of which we are members. In the case of fundamental misalignment, we will judge whether it is better to withdraw.
- In 2019, we were the first major energy company to match executive compensation with our goal of reducing our net carbon footprint.
- In 2017, we announced our ambition to reduce the carbon intensity of the energy products we sell. It is important to note that this also applies to the full life cycle emissions from the use of our energy products by customers.
Our company in the Netherlands is changing:
- We have taken our second offshore wind farm into use and are about to build the third together with Eneco.
- We have already built about 200 fast charging points, by the end of the year there will be 250. For electric driving we offer 100% green electricity nationwide. In addition, we provide home charging and we offer 200,000 charging points throughout Europe through our subsidiary NewMotion.
- We are opening hydrogen filling stations (motorists and public transport) and have plans to build electrolyzers in the Port of Rotterdam and Eemshaven for the production of green hydrogen from green electricity. These hydrogen factories can reduce emissions from industry, are central to new value chains (hydrogen from wind for industries / freight transport) and create jobs.
- Together with our partners Renewi and Nordsol, we develop biofuels, such as bio-LNG from bio-waste for more sustainable freight transport.
- We have begun construction on what will be our fourth solar park, with more to come.
English Translation
“Urgent action is needed on climate change which is why we have accelerated our efforts to become a net-zero emissions energy company by 2050, in step with society, with short-term targets to track our progress.”
“We are investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels. We want to grow demand for these products and scale up our new energy businesses even more quickly.
“We will continue to focus on these efforts and fully expect to appeal today’s disappointing court decision.”
We continue to take significant steps to accelerate the transition of our business to net-zero emissions, which includes working with our suppliers, customers and other partners in reducing their emissions. To find the solutions the world needs, we continue to engage in dialogue with NGOs, industry partners, governments, academia, shareholders and wider society. In The Netherlands for example this contributed to a national climate accord.
Important milestones on our journey so far to become a net-zero energy company include:
- In 2021 we became the first energy company to offer investors an advisory vote on our energy transition strategy .
- In 2020 we announced a target to become a net-zero emissions energy business by 2050 , in step with society’s progress as it works towards the Paris Agreement goal. This target is comprehensive, because it includes our own emissions, as well as emissions from our customers’ use of all the energy products we supply. Not just what we get out of the ground, but everything we sell.
- In 2019, we published the first Industry Associations Climate Review , which reviewed the alignment between our climate-related policy positions and those of 19 key industry associations of which we are a member. In cases of material misalignment, we will evaluate whether to walk away.
- In 2019 we were the first major energy company to connect executive pay to our target to reduce our Net Carbon Footprint.
- In 2017, we announced our ambition to reduce the carbon intensity of the energy products we sell. Crucially, this included the full life-cycle emissions from the use of our energy products by customers.
Our business is changing in The Netherlands, where we:
- Have taken our second wind farm at sea into operation and together with Eneco are on the verge of building our third.
- Have built around 200 fast charging points, increasing to 250 by the end of the year. We offer nationwide 100% green electricity for electric driving. Moreover, we provide home charging and offer 200,000 charging points throughout Europe, through our subsidiary NewMotion.
- Are opening hydrogen fueling stations (motorists and public transport) and have plans to build electrolysers in the Port of Rotterdam and the Eemshaven for green hydrogen production from green electricity. These hydrogen plants could reduce industry emissions, are at the center of new value chains (wind to hydrogen to industries / freight transport) and provide jobs.
- Are developing biofuels, such as bio-LNG from biowaste with our partners Renewi and Nordsol for more sustainable freight transport.
- Started building what will be our fourth solar park, with several more to come.