ESG Dialogue

CARBON WE BELIEVE OUR TARGETS ARE ALIGNED WITH THE Committed to Net Zero NCI targets 2023 2025 2030 2050 IPCC-derived upper range (4)% (71% (15)% (68)% GOALS OF Shell targets (6-8)% (9-13)% (20%) (100)% THE PARIS AGREEMENT IPCC-derived lower range (10)% (17)% (36)% (104)% Shell plc | March 22, 2023 Our targets: ■ Are derived from 1.5°C scenarios by the Intergovernmental Panel on Climate Change. ■ Cover short, mid, and long-term targets for all emissions, from production through to the use of our energy products by customers. ■ Reflect the transformation of our business as we deliver our strategy, changing the mix of energy products we sell to customers. 18

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