Shell Publishes Reports On Sustainability, Industry Associations And Payments To Governments
Shell has published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to remain at the forefront of the drive for greater corporate transparency around activities that are important to investors, governments and civil society.
The 24th edition of the Shell Sustainability Report outlines Shell’s strategy to become a net-zero emissions energy business by 2050, in step with society. The report describes Shell’s social, safety and environmental performance in 2020.
In his introduction to the report, Shell Chief Executive Officer Ben van Beurden writes:
ROYAL DUTCH SHELL PLC – REPORT ON PAYMENTS TO GOVERNMENT FOR THE YEAR 2020 einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings ( Genel ) for the year ended 31 December 2020 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the DTRs ) and in accordance with our interpretation of the Industry Guidance issued for the UK s Report on Payments to Governments Regulations 2014, as amended in December 2015 ( the Regulations ). The DTRs require companies in the UK and operating in the extractives sector to publically disclose payments made to governments in the countries where they undertake exploration, prospection, development and extraction of oil and natural gas deposits or other materials.
The rule adopts Rule 13q-1 and amends Form SD to implement Section 13(q) of the Securities Exchange Act 1934. It will come into effect 60 days after its publication in the Federal Register.
This new rule implements the resource payment disclosure requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 and follows the SEC s effort in 2018 to modernise its disclosure requirements for mining company issuers, which came into effect for many issuers on 1 January 2021.(2)
The SEC also created an alternative reporting regime which enables issuers subject to certain foreign reporting regimes to comply with the new rules by providing copies of those foreign reports (see
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;