The company prioritizes operating safely, respecting the environment and working closely with communities.
Royal Dutch Shell’s 22nd annual Sustainability Report details the company’s social, safety and environmental performance in 2018.
The report, published April 2, includes an introduction from Shell Chief Executive Officer Ben van Beurden and an opinion from the independent experts on the Report Review Panel.
Each year, the company seeks to understand concerns about the business and its impact around the world — particularly in relation to the environment and society — through formal and informal meetings, workshops and online surveys.
“In a time of constant change, keeping sustainability as the consistent bedrock of our approach to doing business is not only right for society,” said van Beurden. “It will be critically important to Shell’s success.”
Shell considers, among others, the views of its stakeholders such as non-governmental organizations, customers, the media, academics, investors and employees across its business.
The topics that consistently ranked of higher importance were energy transition and climate change, as well as business ethics, transparency and corporate governance.
Shell reports in line with guidelines developed by IPIECA, the global oil and gas industry association for environmental and social issues. The report has also been prepared in accordance with the Global Reporting Initiative (GRI) standards.
The company uses the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to guide and inform its reporting.
“This report shows much progress. But I believe we can do better,” said van Beurden. “We must do the right thing on climate change, which means helping to reduce the environmental impact that comes with making our energy products.”
The full report is available here: reports.shell.com