Royal Dutch Shell PLC plans to cut by half the emissions of carbon dioxide from its own work and from the use of its products.
In a strategy update, Chief Executive Officer Ben van Beurden said the company would target a 20% cut in emissions by 2035 and the full 50% cut by 2050.
Until now, it has disclosed the “net carbon footprint” from its operations and energy use. Accounting also for emissions associated with use of its products is new.
Shell measures emissions as grams of CO2 per megajoule consumed and takes account of any emissions offset.
“It is critical that our ambition covers the full energy lifecycle from production to consumption,” Van Beurden said.
