Royal Dutch Shell
Statement of support
Engagement with the EITI
Shell participates in multi-stakeholder groups in several countries. Most recently, the company joined the multi-stakeholder group in the Netherlands. Shell's Executive Vice President on Tax and Corporate Structure, Alan McLean serves on the 2019 - 2021 international EITI Board.
To help improve accountability and achieve greater transparency, the company supports a mandatory global reporting rule for extractive industries, in line with the EITI Standard. Shell supports the principles of regulations that seek to improve tax accountability and good governance, always ensuring that it respects the laws of countries where it operates. It also endorses the responsible tax principles set out by the B Team.
Tax and transparency
In 2003, Shell was the first company to publish the taxes, royalties and other payments made to the Nigerian government. These were published with the government's permission and support. The company has been publishing the revenues from taxes and royalties voluntarily since 2012.
Since 2016 Shell has made mandatory disclosures under the UK’s Reports on Payments to Governments Regulations 2014 (amended December 2015). The company files its reports on payments to governments with the relevant UK authorities. The Payments to Governments Report includes detailed payments on a project by project basis in 29 countries.
Shell also publishes a Tax Contribution Report, which aims to provide easily accessible and detailed information on Shell’s taxes 2018. This report builds on the information Shell discloses in its Annual Report, Sustainability Report and Payments to Governments Report.
Jessica Uhl, Chief Financial Officer at Royal Dutch Shell, talks about the importance of tax transparency in the sidelines of the 2019 EITI Global Conference.
Read more about Shell's tax approach here.