ESG Dialogue
CARBON
OUR TARGETS
UN PARIS AGREEMENT
Strategy aligns with goal to limit the increase in the
global average temperature to 1.5 degrees Celsius
above pre-industrial levels.
Net carbon intensity¹ (Scope 1, 2 and 3)
Covers emissions associated with the production, processing, transport and
end-use of our energy products.
NET ZERO BY 2050
Net-zero emissions energy business by 2050
including all emissions (Scopes 1, 2 and 3).
FROM 1.7 GTPA TO ZERO
We believe Shell's total carbon emissions from energy
sold peaked in 2018 at around 1.7 gtpa and will be
brought down to net-zero by 2050. In 2022 our total
carbon emissions were 1.2 gtpa.
Absolute emissions (Scope 1 and 2)
Covers all Scope 1 and 2 emissions under Shell's operational control, on a net basis.
гW/ǝ2006
2016
baseline 2021
2022
2023
2024
2025
2030
2035
2050
79
-2.5% 2 -3.8% 2
-6-8%
-9-12% -9-13%
-20%
-45%
mtpa CO₂e
83
68
58
41
-50%
0
-100%
2016 baseline
2021
2022
2030E
2050E
Actuals
Net Carbon Intensity' target
Scope 1
Scope 2
Shell plc | March 22, 2023
1 Measured by our Net Carbon Footprint (NCF) methodology, available on our website.
2 2021 target 2-3% reduction, 2022 target 3-4% reduction, both achieved.
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