BP and Shell's Real Climate Strategies

An InfluenceMap Briefing

March 2023

BP and Shell’s Policy Engagement is the Real Metric for their Climate Strategy

InfluenceMap’s data on the climate policy engagement activities of Shell PLC (referred to hereon as Shell) and BP have consistently showed the disconnect between the companies’ top line climate statements (the latter of which has been remarkably positive in recent years) and their actual behavior towards the all-important details of global climate and energy policy – without which, company commitments to net zero become increasingly harder to achieve. Recent roll backs by BP and further commitments to oil and gas from Shell suggest actual climate policy engagement on the crucial details of emerging rules and regulations is a far more accurate proxy for corporate thinking on climate, rather than top line statements or long-term transition plans.

About InfluenceMap

InfluenceMap is a non-profit think tank providing objective and evidence-based analysis of how companies and financial institutions are impacting the climate and biodiversity crises. Our company profiles and other content are used extensively by a range of actors including investors, the media, NGOs, policymakers, and the corporate sector. InfluenceMap does not advocate or take positions on government policy. All our assessments are made against accepted benchmarks, such as the Intergovernmental Panel on Climate Change. Our content is open source and free to view and use (https://influencemap.org/terms).

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