Royal Dutch Shell plc, commonly known as Shell, is an Anglo–Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is the second largest company in the world in terms of revenue, and one of the six oil and gas "supermajors".
Royal Dutch Shell Endorses Shareholder Resolution on Climate Change
Supermajor’s Support for Resolution Co-Filed by As You Sow Sends Signal to Policymakers: It’s Time for Global Accord On Climate
The Royal Dutch Shell Board of Directors yesterday endorsed a shareholder resolution requiring the company to commit to reduce emissions and invest in renewable energy, to do away with bonus systems that promote climate harming activities, and to stress test its business model against the 2ºC warming limit adopted by 141 governments in the UN’s Copenhagen Accord. As You Sow co-filed the shareholder resolution at Royal Dutch Shell and a similar resolution at BP as part of the “Aiming for A” Coalition of investors, coordinated by ClientEarth and ShareAction.
Read more about our resolutions with Shell below.
BE IT RESOLVED
: Shareholders support Shell to take leadership in the energy transition to a net-zero-emission energy system. Therefore, shareholders request Shell to set and publish targets for reducing greenhouse gas (GHG) emissions that are aligned with the goal of the Paris Climate Agreement to limit global warming to well below 2°C.
Related 2017 Engagements
BE IT RESOLVED: That in order to address our interest in the longer term success of the Company, given the recognised risks and opportunities associated with climate change, we as shareholders of the Company direct that routine annual reporting from 2016 includes further information about: ongoing operational emissions management; asset portfolio resilience to the International Energy Agency’s (IEA’s) scenarios; low-carbon energy research and development (R&D) and investment strategies; relevant strategic key performance indicators (KPIs) and executive incentives; and public policy positions relating to climate change. This additional ongoing annual reporting could build on the disclosures already made to CDP (formerly the Carbon Disclosure Project) and/or those already made within the Company’s Scenarios, Sustainability Report and Annual Report.
Related 2015 Engagements