Investors to attack Shell over environment

A strongly worded shareholder resolution calls for ‘a major improvement in Shell’s performance in terms of community and stakeholder consultation, risk analysis, and social and environmental impact analysis’.

And the oil and gas company is facing a double whammy over its performance: an EU-funded project, Advance, has assessed the environmental performance of 65 European manufacturers for ’sustainable value’, or non-financial corporate performance in monetary terms. The highest ranked company at present, getting a sustainable value of more than €26.1bn, is DaimlerChrysler. Shell ranks lowest on the list, with a negative value of €180bn.

Observer