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Shell emerges best company in CSR Innovation at 2015 SERAs

Shell companies in Nigeria have emerged the best in Corporate Social Responsibility Innovation, and also the best in Sustainable Stakeholder Engagement at the 2015 edition of the Social Enterprise Report and Awards (SERAs) held in Lagos on Friday.
Shell emerges best company in CSR Innovation at 2015 SERAs

In addition, Dr. Uwem Ite, of The Shell Petroleum Development Company of Nigeria Ltd (SPDC), was named Nigeria’s Corporate Social Responsibility (CSR) Practitioner of the year. The awards aim to recognise corporate bodies who invest in society through CSR programmes.

Reacting to the awards, Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, said, “While the SERAs and other awards encourage us and our Partners on our CSR programmes, the real encouragement for us are the lives that have been transformed through these initiatives, which is why we will continue to implement the programmes as part of our business in Nigeria."

Shell companies in Nigeria were among 62 corporate bodies assessed by a panel of experts drawn from the United Kingdom, the United States and Nigeria. The panel based their assessment on the outcome of field visits and verification of data. For the CSR Innovation award, Shell (along with its Joint Venture partners, NNPC, Total and Agip) was lauded for the support of students of Ahmadu Bello University, Zaria, University of Benin and University of Lagos to build energy-efficient cars for the Shell Eco-marathon competition in Rotterdam, The Netherlands. The support also enabled the University of Benin students to race at a similar competition in South Africa in 2014 where their car, TukeTuke, won the best designed car award.

Shell won the Sustainable Stakeholder Engagement award mainly for the introduction of the Global Memorandum of Understanding (GMoU) model in 2006. Agreements for 40 GMoU clusters covering 387 communities in the Niger Delta had been signed as at the end of 2014. In naming Dr. Ite as CSR Practitioner of the year, the panelists recognised his pioneering contributions to corporate social responsibility. Shell was nominated in a total of nine categories – Poverty Reduction, Community Involvement, Health Intervention, Partnership for Development, Labour Practices, and Sustainability Reporting.

Bayo Ojulari, Managing Director, Shell Nigeria Exploration and Production Company, who received the awards said: "The recognition through the SERAs represents a vote of confidence in our efforts to help improve lives in the Niger Delta and Nigeria. Shell has been operating in Nigeria for more 50 years and began their CSR intervention in Nigeria with a scholarship programme well before Nigeria attained independence in 1960. The awards are a challenge for more innovation which Shell and its partners will continue to strive to meet.”

Shell has won the SERAs in many categories since they were instituted in 2006. Every year, Shell Companies in Nigeria undertake various social investment projects, focusing on community and enterprise development, education and health. Much of this is done in partnership with the Niger Delta Development Commission (NDDC). In 2014 alone, Shell-operated ventures contributed $202 million to the NDDC as required by law. Some $112 million was directly invested by the SPDC JV and SNEPCo in social investment projects. Collectively, this makes Nigeria the largest concentration of social investment spending in the Shell Group

Issued by: Precious Okolobo

Corporate Media Relations Manager

+234 80702 65019

November 22, 2015

Cautionary statement

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release “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 subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to companies over which Royal Dutch Shell plc  either directly or indirectly has control. Companies over which Shell has joint control are generally referred to “joint ventures” and companies over which Shell has significant influence but neither control nor joint control are referred to as “associates”. In this press release, joint ventures and associates may also be referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This press release contains forward-looking statements 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 ‘‘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 press release 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. All forward-looking statements contained in this press release 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 20-F for the year ended December 31, 2014 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release, November 22, 2015. 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 press release.

 We may have used certain terms, such as resources, in this press release that 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.

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