- High peso depreciation
- High borrowing costs
- High inflation
- Volatile oil prices
Shell Pilipinas Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Shell Pilipinas Corporation disclosed greenhouse gas emissions of 837.1 tons GHG Emissions (Scope 1). By scope: Scope 1: 837.1 tons; Scope 2: 1.7K tons. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
837.1 tons GHG Emissions (Scope 1)
2023
Water Usage
1.3K million litres Water Withdrawn
2023
Waste
521.8 tons Hazardous Waste Generated and Disposed, 587.8 tons Non-hazardous Waste Generated and Disposed
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 837.1 tons |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.7K tons |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 90% reduction of Scope 1 GHG emissions and 20% reduction in Scope 2 GHG emissions compared to 2016 levels
- 74% of conventional bitumen volume shifted to Shell Bitumen FreshAir in 2023
- Batangas Import Terminal, and SLEX Mamplasan and NLEX Bulacan mobility sites now run 100% on renewable energy
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce spend by a total of Php 2.0 Bn (Opex + Capex) in the next two years
- Lower gearing to below 50% in the next two years
- Sustain double-digit growth in Non-Fuels Retail (NFR)
📅 Medium-term
- 50% reduction of Scope 1 and 2 GHG emissions by 2030
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Achieving Net-zero EmissionsPowering LivesRespecting NatureGenerating Shareholder Value