Energy Security Scenarios

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. 13

View entire presentation