Shell Sustainability Report: Transition to Net-Zero Emissions by 2050
Shell, the oil and gas company headquartered in London, has published its 2021 Sustainability Report. Shell’s climate target is to become a net-zero emissions energy business by 2050, in step with society’s progress in achieving the goal of the UN Paris Agreement on climate change.
The company set targets to reduce the carbon intensity (Net Carbon Footprint) of the energy products it sells. This includes short-term targets of 3-4% by 2022, 6-8% by 2023 and 9-12% by 2024 (compared with 2016). It also includes medium- and long-term targets of 20% by 2030, 45% by 2035, and 100% by 2050 (compared with 2016).