Shell Offers Carbon Neutral Driving to Fleet Customers in Singapore
Oct 04, 2019
Shell launched carbon neutral driving for fleet customers in Singapore as part of Shell’s aim to be a one-stop-shop for customers’ mobility needs.
Shell today launched carbon neutral driving for fleet customers in Singapore. Regional automotive group Komoco Holdings Pte Ltd is Shell’s first fleet customer to take part in this new programme. It allows Komoco Holdings to take its sustainability initiatives further and let their customers purchase new vehicles filled with fuel that is carbon neutral.
As part of Shell’s aim to be a one-stop-shop for customers’ mobility needs, the carbon neutral driving offer adds to a portfolio of products and services that Shell has developed for customers to avoid, reduce and offset emissions from their fleet.
With the Shell Card, fleet customers can also opt in to a range of mobility solutions, such as telematics and Shell Fleet Hub, to help them track fuel consumption and driving behaviours for better fleet planning and fuel efficiency.
In addition, Shell also recently announced electric vehicle charging at 10 locations islandwide to support fleet owners looking to incorporate electric vehicles into their business. Greenlots, a member of the Shell Group, has a network of more than 100 public and private charging stations in 50 locations across Singapore.
“Across the region and in particular Singapore, we see customers looking for smart ways to manage their fleet effectively. We offer fleet customers five key benefits – convenience, control, security, savings and sustainability. These solutions help our customers future proof their business by adopting innovative solutions at a faster rate whilst operating in a cost efficient and sustainable manner. As the fleet ecosystem continues to evolve, we aim to work closely with customers and relevant stakeholders to ensure that we bring the best possible offerings to spur the sector forward,” said Zain Hak, General Manager, Shell Fleet Solutions Asia.
“Komoco Holdings is delighted to support Shell’s carbon offset programme, given the clear synergy with our sustainability vision. Through this initiative and more, Komoco Holdings is committed to contributing productively in addressing climate change,” said Mr Teo Hock Seng, Executive Chairman, Komoco Holdings. “As a Group, we recognise that behavioural change takes time, and we also hope to encourage more drivers to do their part for the environment – one way is to actively adopt electric and hybrid vehicles so that we can move towards low to zero-emissions as a nation.”
How CO2 offsetting works
Once fleet customers opt into the programme, each time they refuel using the Shell Card, Shell tracks the fleet’s overall fuel consumption, calculates the associated lifecycle emissions1, and then purchases the quantity of carbon offset required for these emissions.
In the process, companies who opt in will support the protection and reforestation of forests that absorb carbon, contributing to nature-based CO2 reduction projects around the world.
CO2 offsetting is also available to fleet customers in countries including the Netherlands, Hong Kong, Germany, Luxembourg, France, and Belgium.
1The calculation of lifecycle CO2 emissions are subject to change over time, due to variations in factors such as fuel specifications and biofuel content.
(From left to right) Zain Hak (General Manager, Shell Fleet Solutions Asia), Mr Teo Hock Seng (Executive Chairman, Komoco Holdings Pte Ltd), and Aw Kah Peng (Chairman, Shell Companies in Singapore)
Notes to Editors:
- To learn more on Shell Fleet Solutions, please visit www.shell.com.sg/fleetsolutions.
- For further information on Shell’s investments in natural ecosystems and carbon neutral driving, please visit www.shell.com/naturebasedsolutions.
- The terms “Carbon Neutral”, “Carbon Offset” or “Carbon offset compensation” are applied in a non-technical way to indicate that Shell has engaged in a transaction to ensure that an amount of carbon dioxide, equivalent to the production, delivery and usage of the fuel, has either been removed from the atmosphere through a nature-based process such as re-forestation, or emissions mitigated through avoided deforestation.
ABOUT SHELL SINGAPORE
As one of the world’s leading energy companies, Shell plays a key role in meeting the world’s growing energy demand in economically, environmentally and socially responsible ways. In Singapore, Shell employs more than 3,100 people and is one of the country’s largest foreign investors. Shell has been in Singapore since 1891 and has businesses including trading and marketing of liquefied natural gas; manufacturing, trading, marketing and shipping of oil products and chemicals; and development of renewable energy solutions. For more information, visit www.shell.com.sg.
ABOUT KOMOCO HOLDINGS
Komoco Holdings Pte Ltd is a regional automotive group of companies that was established in 1986 with it base operation in Singapore. The Group has a strong retail distribution network of sixteen points of sales for six leading brands spanning across Singapore and China including Hyundai, Harley-Davidson, Jeep, Ferrari, Maserati, and Alfa Romeo (China). The portfolio of brands provides a variety of options for the populace to luxury motorcycle and super car collectors. The Group has also been certified by the brand factories for their state-of-the-art AfterSales facilities.
Josephine Pang, Edelman
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2018 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 4, 2019. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.