Shell announced the release of its Energy Transition Progress 2022 report to showcase the achievements they have made with their energy transition strategy.
The report displays Shell’s steps toward becoming net-zero emissions energy business, including their goal to cut net absolute emissions from their operations and the energy that is used to operate them by 50% by 2030 compared to 2016 on a net basis. The company have passed more than half the road of its destination by achieving 30% energy reduction by the end of 2022.
This report also outlined the company’s investment decisions that were taken to increase the production of low-carbon fuels, solar, wind power, and hydrogen while balancing the need to provide secure, affordable energy to help satisfy global demand. The company also increased the number of electric vehicle charge points that they own or operate worldwide by 62% around 139,000 in 2022.
In 2022, Shell’s progress report was put to an advisory shareholder vote, as it will be every year until 2050, and received nearly 80% of the vote.
“Investments like these will enable us to make further progress. I’m proud that we continue to produce energy that world needs, while working to reduce carbon emissions and become net-zero emissions energy business -all at the same time as delivering value for the shareholders,” Shell CEO Wael Sawan said.