Generating shareholder value
Growing value through a dynamic portfolio and disciplined capital allocation.
Powering Progress sets out Shell’s strategy to accelerate the transition of our business to net-zero emissions, in step with society. It is designed to integrate sustainability with our business strategy.
Our commitment to contribute to sustainable development has been part of the Shell General Business Principles since 1997. These principles, together with our Code of Conduct, apply to the way we do business and to our conduct with the communities where we operate.
We have worked to embed this sustainability commitment into our strategy, our business processes and decision-making.
We aim to provide more and cleaner energy solutions in a responsible manner – in a way that balances short- and long-term interests, and that integrates economic, environmental and social considerations.
Today, we continue to build on these foundations while driving change across the organisation to help society meet its most pressing challenges, including those related to climate change, the environment, diversity and inclusion, and human rights.
We seek the views of various groups and individuals about the role of a company like Shell in addressing these challenges. Our efforts are informed by major international agreements and initiatives, such as the Paris Agreement and the UN's Sustainable Development Goals.
In February 2021, we announced Powering Progress, that sets out Shell’s strategy to accelerate the transition of our business to net-zero emissions, in step with society. Powering Progress is designed to integrate sustainability with our business strategy.
Growing value through a dynamic portfolio and disciplined capital allocation.
Working with our customers and other sectors to accelerate the transition to net-zero emissions.
Protecting the environment, reducing waste and making a positive contribution to biodiversity.
Powering lives through our products and activities, and by supporting an inclusive society.
Powering Progress is underpinned by our core values of honesty, integrity and respect for people, and our focus on safety. These include our commitment to doing business in an ethical and transparent way.
We welcome the UN's Sustainable Development Goals, which seek to tackle the world's economic, social and environmental challenges by 2030. We will play our part in helping governments and society to achieve them. Read more about our contribution.
We respect human rights as set out in the UN’s Universal Declaration of Human Rights and the International Labour Organization's core conventions. We are a founding member of the UN Global Compact and we also support a number of external voluntary codes that promote responsible business practices.
We fully support the Paris Agreement’s goal to keep the rise in global average temperature this century to well below two degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. We have set a target to become a net-zero emissions energy business by 2050 or sooner, in step with society.
Shell provides energy in a responsible way, helping the world move towards a future in which the energy used causes minimal impact on the planet.
We aim to be a good neighbour wherever we work, by contributing to the well-being of nearby communities.