Responsible Investment Annual Briefing Royal Dutch Shell plc April 11, 2019 makethefuture Royal Dutch Shell April 11, 2019
Ben van Beurden Chief Executive Officer Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
Strategic 2018 ambitions Portfolio reshaped, positioned for long-term resiliency Thrive in the energy Focus on asset resilience and longevity through the energy transition transition Growth in areas that will be essential in the…
Sir Nigel Sheinwald Chair of the CSRC Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
Corporate and Social Responsibility Committee (CSRC) Sir Nigel Catherine J. Linda Stuntz Sheinwald Hughes Chair Responsibilities Assist and advise Board on: Culture & Conduct Safety HSSE & SP Control Framework Environment,…
CSRC areas of 2018 2019 focus Port Harcourt, Nigeria Skyline of Singapore Safety Safety Process safety Process safety, road transport Environment & greenhouse gas Environment & greenhouse gas Net Carbon Footprint Net Carbon…
Industry Associations Climate Selection Assessment Findings Actions Review Selected 19 industry Alignment assessed Alignment with 9 Published review associations because against public support industry associations, report on 2 April…
GHG metrics in CSRC advises REMCO on sustainable development-related measures Greenhouse gas (GHG) metrics in the 2018 and 2019 scorecard cover close to 90% of the operated direct remuneration and indirect emissions The Group annual…
Remuneration Evolution of GHG and energy transition-related metrics developments energy transition 2017 2018 2019 2020 Policy Review GHG management in Evolved GHG Energy transition in Group annual bonus management LTIP1:…
Remuneration Energy transition LTIP metrics developments The energy transition condition will contain a mix of measures that set the foundation to contribute to Shells strategic ambitions in the longer run: energy transition NCF: a…
Ben van Beurden Chief Executive Officer Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
Shell cares Care Safety Engagement Diversity Care for Worker welfare leadership and performance and inclusion communities No harm, no leaks Setting the Enable people to A diverse and Care for Iamgoalzero standards on be at their…
Strong societal licence to operate Shell has a long Good Trusted history of caring No harm products company Royal Dutch Shell April 11, 2019 16
Donny Ching Legal Director Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
2018 Ethics and Knowing our counterparties Compliance (E&C) staff Shells ethics Counterparties, existing and potential and compliance 148 staff, reporting to Chief E&C Officer 10 million business partners screened on anti-bribery,…
External Environment Board oversight Shell General Business Principles Board of RDS plc, CEO and Executive Committee Standards and Code of Conduct Statement on Manuals Strategy, Planning Risk Management Controls and and…
Year Event1 OPL 245 1998 Malabu awarded licence for OPL 245 2001 Shell Nigeria Ultra Deep (SNUD) farms in 2001 Federal Government of Nigeria (FGN) revokes the Malabu Licence 2002 SNUD bids for and is awarded OPL 245 by FGN and later…
Shell media statement: OPL 245 Based on our review of the Prosecutor of Milan's file and all of the information and facts available to us from that file, we do not believe that there is a basis to convict Shell or any of its former…
Harry Brekelmans Director Projects & Technology Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
2018 Goal Zero on safety Operational spills HSSE Injuries TRCF1 (per million working hours) million working hours Thousand tonnes performance TRCF Working hours (RHS2) Volume of spills Number of spills (RHS) Upstream flaring…
Case studies Bonga, offshore Nigeria SSAGS Project, onshore Nigeria Upstream / Projects & Technology Southern Swamp Associated Gas Solution Project (SSAGS), A Bonga family unit on the deck of Bonga, Nigeria Nigeria Key project…
Solvent de-asphalter (SDA) Pernis, Case studies the Netherlands Geismar A04, US Gulf Coast Downstream / Projects & Technology Pernis refinery, The Netherlands Geismar chemical plant, USA Key project facts Key project facts SDA…
Ben van Beurden Chief Executive Officer Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
Components of CO2 reduction to meet World primary Shells Sky the goals of the Paris Agreement energy by source scenario a Gigatonne CO2 / year Exajoule/year 1,200 Oil pathway to Biofuels Natural Gas keep in pace 1,000 Biomass Coal…
Scope of our Net Carbon Footprint ambition Full lifecycle of energy products, including consumption Link to NCF ambition The Net Carbon Footprint is not a mathematical derivation of total emissions divided by total energy,…
Net Carbon Footprint ambition Ambitions: Reduce Net Carbon Footprint of our energy products by 20% by 2035 Be in line with society Net Carbon Footprint by 2050 Royal Dutch Shell April 11, 2019 29
Shareholder Shells industry-leading approach is Shorter-term targets within a longer- more progressive term framework ensures resilience and resolution customer focus response The NCF ambition includes a much wider scope Shell cannot…
Maarten Wetselaar Director Integrated Gas & New Energies Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
Potential tools to achieve our Net Carbon Footprint ambition Existing Shell is active in examples all of these areas Flare reduction Increased LNG Wind power Razen Shell Recharge Quest CCS Nature-based biofuels & New Motion…
Power value chain SUPPLY AND CUSTOMERS OPTIMISATION GENERATION Multiple parties are active on Leverage portfolio flexibility and Not all products are supplied by Shell, the demand side arbitrage opportunities some are purchased from…
Gas and biofuels Gas Biofuels Skyline of Beijing, China Harvesting of sugarcane, Brazil Cleanest-burning hydrocarbon We are one of the largest biofuels blenders and Providing energy Critical component of energy transition-demand…
NBS and CCS Nature-Based Solutions (NBS) Carbon Capture & Storage (CCS) Ranger looking out over Kashigau corridor, Kenya Quest at the Scotford Upgrader, Alberta, Canada Creation of carbon sinks, like forests and wetlands CCS is a…
Ben van Beurden Chief Executive Officer Royal Dutch Shell plc Royal Dutch Shell April 11, 2019
Access to energy Mini-grid company Off-grid solar home Technology company Solar debt finance Hybrid solar and systems company Universal smart company biomass gasification Customised and metering platform Provides financing…
Strong societal licence to operate Shell has a long Good Trusted history of caring No harm products company Royal Dutch Shell April 11, 2019 38
Questions and Answers Ben van Beurden Sir Nigel Sheinwald Maarten Wetselaar Harry Brekelmans Donny Ching Chief Executive Officer Chair of the CSRC Integrated Gas & Projects & Technology Legal Director New Energies Director…
Additional information Royal Dutch Shell April 11, 2019
Health, Safety, We focus on the three areas of safety with the highest risks associated with our activities: personal, process, and transport Security & Process safety is central in achieving Shells goal of zero harm to people and the…
Thrive in the energy transition TIME HORIZON Driving to 1-3 YEARS 5-10 YEARS 10 YEARS resilience and SHORT TERM MEDIUM TERM LONG TERM ambition GHG Strategic positioning and Net Carbon Footprint management portfolio resilience Focussed…
Leading through 2018 Highlights Proof points the energy Net Carbon Footprint long-term ambition transition operationalised with shorter-term targets; linked to executive remuneration1,2 Methane maintain emissions intensity below…
Resilience CFFO1 excluding working capital Capital investment flexibility Financial billion billion (per annum) 2018 2020 framework 99 54 50 Oil products 4-5 40 Conventional oil + gas 4-5 44 30 52 Integrated gas 4-5 Deep water 5-6…
Resilience Diverse business segments Geographic diversity Active portfolio management Portfolio Marketing earnings Projects waiting FID: average Cash engines…
Nigeria Clean-up Bodo & UNEP1 progress SPDC JV spills environmental Bodo spill cleanup first phase completed (free-phase Thousand tonnes 15 300 performance oil removal), contracting for remediation nearly finalised (target starting…
50:50 joint venture June September between Shell and January Heads of Agreement Final report on 6000 ExxonMobil Earthquake Zeerijp MEAC1, ExxonMobil, outstanding damage claims to with a force of 3.4 Shell; signed MEAC NAM on the Richter…
Tax and revenue In 2018 Shell paid 64.1 billion to governments transparency 10.1 billion income taxes 5.8 billion government royalties 48.2 billion levies on fuel and other products Shell is transparent on its tax payments Shell is…
Chemicals Alliance to End Plastic Waste Chemicals Chemicals demand is growing faster than GDP Shell a leading member1 Growth priority for Shell Alliance goal to invest 1.5 billion over the next 5 years and plastics Chemicals are a…
Board of Royal Dutch Shell plc (1) Oversight of climate change risk Corporate and Remuneration management Social Responsibility Audit Committee (AC) (3) Committee Committee (CSRC) (2) (REMCO) (4) CEO and Executive Committee…
Public short-term Joint statement Net Carbon 3- or 5-year targets to operationalise the long-term NCF ambition updates Footprint targets Update: first target set in 2019 (2019-2021) Update: link between energy transition and…
Follow This resolution Shell response Shareholder Shareholders request the company to set and publish targets that Shell already set the Net Carbon Footprint1 (NCF) ambition (November 2017): resolution are aligned with the goal of the…
Chronology Phase 1 of events (1) 1998 Malabu awarded licence for OPL 245 OPL 245 March 2001 Shell Nigeria Ultra Deep (SNUD) farms in Representations and warranties were provided on ownership of Malabu Federal Government Nigeria (FGN)…
Chronology Phase 2 (continued) of events (2) Various litigations follow: OPL 245 May 2002 SNUD commenced International Chamber of Commerce arbitration proceedings against Malabu August 2002 Malabu commenced proceedings against FGN,…
Chronology Phase 3 of events (3) December 2006 FGN settles litigation with Malabu and reallocates the licence to Malabu OPL 245 Malabu and SNUD now have competing legal rights to the Block April 2007 SNUD commences Bilateral Investment…
Chronology Phase 4 of events (4) 2010 negotiations now include ENI OPL 245 Settlement with FGN negotiations are conducted with Attorney General of FGN, the Minister of Petroleum Resources, the Minister of Finance and senior NNPC…
Agreements Heads of Agreement between NAE and SNUD and SNEPCO: allocation of the payments due to FGN of April 2011 Block 245 Resolution Agreement: FGN, NNPC, SNUD, SNEPCO and NAE OPL 245 Payments to FGN and award of the licence FGN…
Shell review Debevoise & Plimpton LLP, an international law firm, was retained by the Shell Group OPL 245 Debevoise conducted and led an investigation which included staff from the law firm and Shells Business Integrity Department…
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