Si Report Case Study Royal Dutch Shell

2804 WordsJul 11, 201112 Pages
ROYAL DUTCH SHELL Royal Dutch Shell (Shell) is a worldwide group of oil, gas and petrochemical companies that explores for, produces and trades in a range of energy resources. Royal Dutch Shell also has a broad portfolio of hydrogen, biofuels, wind and solar power interests, and also provides consultancy and technical services as well as research and development expertise to the energy industry. Royal Dutch Shell is active in more than 130 countries and territories, and employs 108,000 people worldwide. Governance Shell’s Business Principles guide the company's operations: • Economic • Health, Safety, Security and the Environment • Competition • Local Communities • Business Integrity • Communication and Engagement • Political Activities •…show more content…
The company looks at the impacts of mergers and acquisitions vis-à-vis alignment with the company’s Business Principles. The impact of new products on CO2 is also explored. The company’s approach to CO2 management is high on the agenda, and taken into account early in business development decisions. Shell’s Business Principles are promoted with joint venture partners, contractors and suppliers, and Shell has monitoring systems in place to ensure adherence and reporting on indicators such as the number of countries where Shell's Business Principles are included in contracts; the number of countries where contractors, sub-contractors and suppliers have been screened for compliance with Business Principles; and the number of contracts cancelled and joint ventures divested due to incompatibility with the Principles. The Group takes a risk-based approach to internal control. Management in the Group is responsible for implementing, operating and monitoring the system of internal control, which is designed to provide reasonable assurance of achieving business objectives. Related requirements are set out in a Statement on Risk Management, which describes the methodology to be followed to manage risks to objectives. The control framework is supported by a set of risk-based standards that establish rules and instructions on enterprise-wide risks that require common treatment across the Group. Identified risk factors at the global level

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