Shell Links Lower Carbon Footprint to Executive Pay

   By Oliver Griffin

Royal Dutch Shell PLC (RDSB.LN) plans to set short-term goals to help the company reduce the net carbon footprint of its energy products with performance targets linked to executive pay.

The oil-and-gas company said it will set a target each year for the following three- or five-year period, starting in 2020. The program will run until 2050, the company said.

Shell will link its targets and other measures to its executive remuneration policy. The revised remuneration policy will be put to shareholders for approval at the company's annual general meeting in 2020.

The company said it will publish its progress toward lowering its energy products' net carbon footprint in a sustainability report. In line with recommendations from the Task Force on Climate-Related Financial Disclosures, Shell said it will integrate this disclosure into its annual report as appropriate.

The company will seek third-party verification of the reported net carbon footprint, Shell said.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

December 03, 2018 02:34 ET (07:34 GMT)

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