Tackling climate change is the biggest challenge the world faces today.
We have recently announced our Energy Transition Strategy, which describes Shell’s approach to becoming a net-zero emissions energy business by 2050, in step with society’s progress towards the goal of the UN Paris Agreement on climate change.
In February 2021, we launched our Powering Progress strategy to accelerate the transition of our business, including targets to reduce the carbon intensity of energy products we sell – by 6-8% by 2023, 20% by 2030, 45% by 2035 and 100% by 2050. We have worked to embed this sustainability ambition into our strategy, our business processes and decision-making.
As part of our renewables and energy solutions offer, our ambition is to sell some 560-terawatt hours per year by 2030, which is twice as much electricity as we sell today. We’re also working to implement Nature-based Solutions that will enable Shell to invest around $100 million a year in high-quality, independently verified projects on the ground to help customers meet their net-zero emissions targets.
We aim to provide more and cleaner energy solutions in a responsible manner – in a way that balances short- and long-term interests, and integrates economic, environmental and social considerations.
About Shell in Ukraine
Shell Retail business entered the Ukrainian market in 2007. Shell in Ukraine employs around 1, 500 people.
To date, the network of Shell-branded fuel sites consists of 132 stations in 20 oblasts of Ukraine, offering its customers high-quality motor fuel products, including Shell V-Power fuels, diesel & LPG, as well as a solid range of Convenience Retail goods, tasty food & beverages. In an effort to meet the expectations of a growing number of Ukrainian electric vehicle owners, Shell, in cooperation with its partners, installed five electric vehicle charging modules at selected fuel sites.
Shell can and must play a leading role in helping society to meet that climate challenge. In Ukraine we are developing our local Sustainability Plan in line with those ambitions. We believe that by reaching our sustainability goals, we invest into a better world today and tomorrow.
