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Royal Dutch Shell has for the first time set its short-term goals to reduce the carbon footprint of its business and product sales, as the oil and gas industry is under pressure. investors and shareholders to deal with climate change.
In its annual report released Thursday, Shell announced that in early 2019, it had decided to set a "net carbon footprint goal" for 2021, in order to reduce its carbon footprint by 2 to 3% per year. compared to the 2016 net carbon footprint of 79 grams. CO2 equivalent per megajoule.
Shell's approach to net carbon footprint targets includes not only emissions directly from Shell's operations, such as extraction, transportation and processing of raw materials, product transportation, but also emissions. generated by third parties supplying energy to Shell for production, and Shell customer emissions resulting from their use of the energy products sold by the company.
Last December, as part of an industry first, Shell announced plans to set short-term targets to reduce the net carbon footprint of energy products sold, and to tie these targets to executive compensation. .
"Building public confidence this year has also involved strengthening our public commitment to the Paris Climate Change Agreement. In our joint statement with institutional investors on behalf of Climate Action 100+, we are committed to achieving our ambition to reduce by approximately 50% the net carbon footprint by 2050, by setting short-term goals that will be tied to executive compensation, "Shell said in its annual report.
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"Shell shows progress in responding to the call of investors with $ 33 trillion in badets to bring their business in line with the goals of the Paris agreement," said Stephanie Pfeifer, member of the Global Steering Committee of Climate Action 100+ and Executive Director of the institution. Investors Group on Climate Change (IIGCC).
"Setting the first intermediate target in advance and linking it to executive compensation is a good illustration of the desire to respect the agreement reached with investors in the framework of Climate Action 100+. We look forward to the next steps of Shell and other industry players, "said Pfeifer.
By Tsvetana Paraskova for Oilprice.com
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