Shell PLC
Shell EU Taxonomy Data Preview
In 2024, Shell was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Shell has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Shell are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Shell's Revenues from Sustainable Activities
In 2024, Shell reported EU Taxonomy-eligible revenues of USD 9.35 billion, representing 3.3% of its total turnover. Of this amount, USD 698.00 million of Shell's revenues was classified as EU Taxonomy-aligned, indicating that 0.2% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Shell's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Shell's revenues become more sustainable over time?
Compared to the previous year (2023), Shell's taxonomy-aligned revenues remained relatively stable, indicating that Shell maintained operational continuity , with no significant changes in the scale of sustainable activities or the coverage of its taxonomy-aligned reporting.
How much of Shell's revenue is eligible under the EU Taxonomy?
In 2024, Shell reported that USD 9.35 billion of its revenue was eligible under the EU Taxonomy, representing 3.3% of the company's total turnover. Of this amount, USD 698.00 million (0.2% of total revenue) was classified as Taxonomy-aligned. This means that 3% of Shell's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of Shell's eligible revenue is aligned with the EU Taxonomy?
In 2024, Shell reported that USD 698.00 million of its revenue was aligned under the EU Taxonomy, representing 0.2% of its total turnover.
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Shell's Eligibility & Alignment Overview
Shell's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Shell's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Shell reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 0.2%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Shell earn from selling climate-related solutions ?
In 2024, Shell reported that USD 568.62 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 0.2% of the company's total revenue, indicating that Shell has limited exposure on solutions that support climate action through its commercial activities.
Insights into Shell's CAPEX from Sustainable Activities
In 2024, Shell reported EU Taxonomy-eligible CAPEX of USD 3.27 billion, representing 10.6% of its total CAPEX. Of this amount, USD 1.85 billion of Shell's CAPEX was classified as EU Taxonomy-aligned, indicating that 6% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Shell's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Shell's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Shell's taxonomy-aligned CAPEX decreased by 54.89%, suggesting that Shell may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of Shell's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Shell reported that USD 3.27 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 10.6% of the company's total CAPEX. Of this amount, USD 1.85 billion (6% of total CAPEX) was classified as Taxonomy-aligned. This means that 4.6% of Shell's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Shell's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Shell reported that USD 1.85 billion of its CAPEX was aligned under the EU Taxonomy, representing 6% of its total capital investment.
This low alignment reflects that Shell is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Shell's Eligibility & Alignment Overview
Shell's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Shell's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Shell reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 6%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Shell is investing in climate-related solutions?
In 2024, Shell allocated USD 1.85 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 6% of the company's total capital expenditure, indicating that Shell has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.
Insights into Shell's OPEX from Sustainable Activities
In 2024, Shell reported EU Taxonomy-eligible OPEX of USD 1.18 billion, representing 24.7% of its total operating expenses (OPEX). Of this amount, USD 114.00 million of Shell's OPEX was classified as EU Taxonomy-aligned, indicating that 2.4% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Shell's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have Shell's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Shell's taxonomy-aligned OPEX increased by 300%, highlighting Shell's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.
How much of Shell's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Shell reported that USD 1.18 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 24.7% of the company's total OPEX. Of this amount, USD 114.00 million (2.4% of total OPEX) was classified as Taxonomy-aligned. This means that 22.3% of Shell's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Shell's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Shell reported that USD 114.00 million of its OPEX was aligned under the EU Taxonomy, representing 2.4% of its total operational expenditure.
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Shell's Eligibility & Alignment Overview
Shell's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is Shell's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Shell reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 2.4%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of Shell's operational budget supports climate-related solutions?
In 2024, Shell allocated USD 114.82 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 2.4% of the company's total OPEX, indicating that Shell has only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.