Shell Foundation
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{{Infobox organization
| name = Shell Foundation
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| formation = {{start date and age|2000}}[https://shellfoundation.org/about/ About the Shell Foundation]
| founder = Shell plc
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| location_city = London
| location_country = United Kingdom
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| website = {{url|https://shellfoundation.org/|shellfoundation.org}}
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Shell Foundation is a philanthropic foundation that is working towards alleviating poverty for millions of people in Africa and Asia. It supports clean energy solutions that raise incomes while cutting emissions. As an independent and registered charity in England and Wales{{Cite web |title=Charity Commission for England and Wales: Charity Overview |url=https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/results/page/1/delta/20/keywords/1080999 |access-date=2024-09-20 |website=prd-ds-register-of-charities.charitycommission.gov.uk |language=en-GB}}, the Shell Foundation is an initiative of the oil major Shell plc, envisioned in 1997,European Venture Philanthropy Association http://evpa.eu.com/membership/country/uk/4369 as a worldwide, social investment initiative to concentrate on working with external partners to promote sustainable development.
In 2000 the Foundation was incorporated as an independent UK-registered charity, with an income stream underpinned by an initial endowment of $250m (£133m) from Shell. The organisation's 10-year objective is focused on enabling tens of millions of people to raise their incomes while lowering emissions through clean energy solutions by 2032, empowering as many women as men through their work in Africa and Asia.{{Cite web |title=About Shell Foundation |url=https://shellfoundation.org/about-shellfoundation/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}}
Activities and charitable approach
The Shell Foundation seeks to achieve this objective by fostering innovation and scaling technologies{{Cite web |title=Our approach |url=https://shellfoundation.org/our-approach/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}} that increase incomes for three core groups of people:{{Cite web |title=People we serve |url=https://shellfoundation.org/people-we-serve/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}}
- Smallholder farmers (people who farm on less than 5 acres of land)
- Transporters (people who aspire to drive electric vehicles)
- Micro-entrepreneurs (people who are engaged in the small-scale provision of goods and services)
According to the Shell Foundation, these people represent the largest number whose incomes can be materially increased through clean energy. The organisation emphasises de-risking new technologies, driving innovation, and forming partnerships with industry leaders to scale clean energy solutions with embedded gender intentionality in order to empower as many women as men.{{Cite web |title=Our gender commitment |url=https://shellfoundation.org/our-gender-commitment/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}}
Independence
Maintaining independence from Shell and other entities is crucial for the Shell Foundation to work across public and private sectors to deliver its charitable objectives. The charitable status information is:
- Registered Charity No. 1080999
- Registered Company No. 4007273 {{Cite web |title=Charity Commission for England and Wales: Governance |url=https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/results/page/1/delta/20/keywords/1080999 |access-date=2024-09-20 |website=prd-ds-register-of-charities.charitycommission.gov.uk |language=en-GB}}
Shell Foundation's charitable status mandates that it exists solely to further its charitable purposes for the public benefit and is governed by its trustees who act exclusively in the interests of the charity, maintaining independence from any other organisation.
Governance and compliance
Shell Foundation is governed by a board of trustees:{{Cite web |title=Charity Commission for England and Wales: Trustees |url=https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/results/page/1/delta/20/keywords/1080999 |access-date=2024-09-20 |website=prd-ds-register-of-charities.charitycommission.gov.uk |language=en-GB}} people from sectors relevant to the organisation's charitable mission, nine Trustees including a minority of Shell executives (currently 2) and an independent Chairperson. It adheres to business principles,{{Cite web |title=Ethics and compliance |url=https://shellfoundation.org/ethics-compliance/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}} ethics, and compliance, including transparency, non-discrimination, and safeguarding vulnerable adults and children.
Impact
As of 2024, Shell Foundation asserts social and environmental impact across three metrics:
- Lives Improved: 274.4 million
- CO2 Reduced or Avoided: 67.5 million metric tonnes
- Additional Finance Leveraged: $9.7 billion into clean energy solutions
Strategic partnerships amplify the organisation's impact through collaborations with entities like the UK Government's FCDO,{{Cite web |title=DevTracker Programme GB-1-204867 |url=https://devtracker.fcdo.gov.uk/programme/GB-1-204867/summary |access-date=2024-09-20 |website=devtracker.fcdo.gov.uk}} FMO Dutch Entrepreneurial Development Bank,{{Cite web |title=news - Shell Foundation and FMO sign MOU to increase funds for energy sector in Africa and India - FMO |url=https://www.fmo.nl/news-detail/b45bb81f-ec32-4908-9fdc-63e9d5cafc31/shell-foundation-and-fmo-sign-mou-to-increase-funds-for-energy-sector-in-africa-and-india |access-date=2024-09-20 |website=www.fmo.nl}} British International Investment,{{Cite web |title=Shell Foundation and British International Investment sign MoU to work in partnership to increase access to finance for clean energy businesses in Africa and South Asia |url=https://www.bii.co.uk/en/news-insight/news/shell-foundation-and-british-international-investment-sign-mou-to-work-in-partnership-to-increase-access-to-finance-for-clean-energy-businesses-in-africa-and-south-asia/ |access-date=2024-09-20 |website=www.bii.co.uk/en/}} and U.S. International Development Finance Corporation.{{Cite web |title=DFC and Shell Foundation Launch New Collaboration to Accelerate Access to Renewable Energy and Gender Inclusion in Low-Income Communities in Africa and Asia {{!}} DFC |url=https://www.dfc.gov/media/press-releases/dfc-and-shell-foundation-launch-new-collaboration-accelerate-access-renewable |access-date=2024-09-20 |website=www.dfc.gov}}
Partnerships
Shell Foundation collaborates with proven sector leaders in Africa and Asia, co-designing partnerships to scale income-generating energy solutions. Key partnerships include:
- UK Government's Foreign Commonwealth and Development Office (FCDO) {{Cite web |title=Shell Foundation and FCDO partnership |url=https://shellfoundation.org/shell-foundation-and-fcdo-partnership/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}} through the Transforming Energy Access (TEA) platform{{Cite web |date=2020-02-13 |title=Transforming Energy Access (TEA) |url=https://www.carbontrust.com/our-work-and-impact/impact-stories/transforming-energy-access-tea |access-date=2024-09-20 |website=www.carbontrust.com |language=en}} and the Catalysing Agriculture by Scaling Energy Ecosystems (CASEE){{Cite web |last=ayrtonexplostg |date=2023-11-30 |title=Catalysing Agriculture by Scaling Energy Ecosystems (CASEE) |url=https://ayrtonfund.info/catalysing-agriculture-by-scaling-energy-ecosystems-casee/ |access-date=2024-09-20 |website=The Ayrton Fund Explorer Tool |language=en-GB}}
- FMO Dutch Entrepreneurial Development Bank
- British International Investment
- U.S. International Development Finance Corporation
The Shell Foundation has a portfolio with aligned organisations who believe change can come from clean energy solutions that raise incomes while cutting emissions.{{Cite web |title=Our portfolio |url=https://shellfoundation.org/our-portfolio/ |access-date=2024-09-20 |website=Shell Foundation |language=en-GB}} They look for innovators, scale partners and finance partners.
Mobilising catalytic finance
Shell Foundation mobilises catalytic finance to seek to relieve poverty and hardship and protect the environment, for the public benefit, through the promotion and development of business-based solutions and supportive market environments, to target large scale impact. The organisation focuses on interventions that address affordability, supply, and distribution of clean energy assets.
Controversy
On 28 September 2006, an article published in The Guardian newspaper alleged that "An attempt by Shell to portray itself as a model of corporate social responsibility was undermined last night after Whitehall documents showed its charitable arm discussing a key commercial project with a British government minister." The article entitled
[http://business.guardian.co.uk/story/0,,1882372,00.html "Campaigners attack Shell’s charity arm over Sakhalin talks"] related to The Shell Foundation. The Charity Commission subsequently conducted an inquiry and according to an [http://www.guardian.co.uk/frontpage/story/0,,1924170,00.html article published in The Guardian] on 17 October 2006, concluded that The Shell Foundation "has fallen short of the good governance and decision-making that we expect from large charities”.
References
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External links
- {{official website}}
- [https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/results/page/1/delta/20/keywords/1080999 Charity Commission website]
{{Shell plc}}