Shell PLC

Common Name

Shell

Country

United Kingdom

Sector

Energy

Industry

Oil & Gas Integrated

Employees

96,000

Ticker

SHEL

Exchange

LONDON STOCK EXCHANGE

Website

www.shell.com

Description

Shell plc is one of the foremost international energy companies, engaging primarily in the exploration, production, refining, and marketing of oil and natural gas. With a robust integrated business mo... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

Shell's 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.

turnoveropexcapex

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Turnover (2 activities)
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
6.15 CCA - Infrastructure enabling road transport and public transport 6.15 CCA - Infrastructure enabling road transport and public transport	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Opex (4 activities)
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
6.15 CCA - Infrastructure enabling road transport and public transport 6.15 CCA - Infrastructure enabling road transport and public transport	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Capex (6 activities)
3.10 CCM/CCA - Manufacture of hydrogen 3.10 CCM/CCA - Manufacture of hydrogen	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.10 CCM/CCA - Storage of electricity 4.10 CCM/CCA - Storage of electricity	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
6.15 CCA - Infrastructure enabling road transport and public transport 6.15 CCA - Infrastructure enabling road transport and public transport	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000

Verified Sources Behind Shell’s EU Taxonomy Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Shell’s data sources below and access millions more through our Disclosure Search.

a. Shell's Annual Report 2024

b. Shell's Annual Report 2023

c. Shell's Annual Report 2022

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).^a

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.^{a, b}

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.^a

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.^a

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^a:

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 Shellhas limited exposureon solutions that support climate action through its commercial activities.^a

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).^a

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.^{a, b}

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).^a

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.^a

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^a:

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 Shellhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.^a

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).^a

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.^{a, b}

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).^a

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.^a

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^a:

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 Shellhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.^a

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Shell PLC

Shell's EU Taxonomy Data Preview

Verified Sources Behind Shell’s EU Taxonomy Data

Insights into Shell's Revenues from Sustainable Activities

Shell's Taxonomy-Eligible Turnover Over Time

Have Shell's revenues become more sustainable over time?

How much of Shell's revenue is eligible under the EU Taxonomy?

How much of Shell's eligible revenue is aligned with the EU Taxonomy?

Shell's Eligibility & Alignment Overview

Shell's Contribution to Environmental Objectives

How is Shell's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does Shell earn from selling climate-related solutions ?

Insights into Shell's CAPEX from Sustainable Activities

Shell's Taxonomy-Eligible Capex Over Time

Have Shell's increased its investment in sustainable activities over time?

How much of Shell's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of Shell's eligible CAPEX is aligned with the EU Taxonomy?

Shell's Eligibility & Alignment Overview

Shell's Contribution to Environmental Objectives

How is Shell's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much Shell is investing in climate-related solutions?

Insights into Shell's OPEX from Sustainable Activities

Shell's Taxonomy-Eligible Opex Over Time

Have Shell's increased its spending in sustainable activities over time?

How much of Shell's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of Shell's eligible OPEX is aligned with the EU Taxonomy?

Shell's Eligibility & Alignment Overview

Shell's Contribution to Environmental Objectives

How is Shell's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of Shell's operational budget supports climate-related solutions?

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