Shell is the largest liquefied natural gas (LNG) trader in the world and is targeting LNG business growth of 20-30% by 2030. It has the world’s largest uncontracted LNG volume, with over a billion tonnes to 2050 – making it more exposed than any other company to a softer LNG market.

ACCR has engaged with Shell since 2021, including on its climate change commitments and climate and energy-related policy advocacy. In 2025, alongside institutional investors, we co-filed a resolution asking the company to justify the assumptions behind its LNG growth strategy and explain whether this is consistent with the company’s climate commitments. More than 20% of shareholders supported the resolution.

Catalysing change
for a secure future.

© Australasian Centre for Corporate Responsibility