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Shell Pakistan celebrates 75 years in Pakistan

November 4, Karachi, Pakistan: Being the oldest energy company in the country, with a strong and rich legacy, Shell Pakistan hosted a ceremony to celebrate its 75 years in Pakistan, together with its employees, partners, industry leaders, business professionals and academia.

The ceremony also included Shell Tameer Awards 2022, a nationwide contest to recognise the best and the brightest young entrepreneurs in Pakistan. This year, over 250 applications were received for the awards program and 30 finalists were shortlisted in six award categories. The finalists presented their pitches to an expert jury of diverse professionals who selected this year’s winners and runners-up in each of the six award categories.

The Chief Executive & Managing Director of Shell Pakistan Limited, Waqar Siddiqui stated: “This year marks the 75th year since Pakistan’s creation, and 75 years of Shell powering progress with our beautiful country.  Shell Pakistan has been here since 14th August, 1947, a story that not many share with us. We have partnered with the country to build and grow.  Today, we come together to celebrate an incredible milestone; and to celebrate each one of you who have contributed towards this journey.  We are honoured to play a part in shaping our country’s past successes and future opportunities.’  He also added, ‘We are proud of the young Pakistani entrepreneurs and the winners today; and feel honored to be part of their journey towards sustainable businesses, social change and progress of our nation.’

The grand winners of the Shell Tameer Awards 2022 announced were: Circular Economy – Concept Loop – Dabeer Hemani– A tech-based start-up converting plastic waste into building materials and high value lifestyle products through their sustainable data-driven and tech-empowered processes. Clean Energy Solutions – Geoaircon – Muhammad Hassamuddin – A clean-tech start-up providing ground-sourced Climate Control technology. Utilizing temperate underground temperatures to dramatically cut down air-conditioning or heating costs by 35-75% for industrial, commercial, residential and agricultural use. Empowering Women – The Method – Insiya Meherally – A young start-up working towards women’s safety by providing self-defence training across corporate and private networks. Technology Innovation – Crop2x Pvt Limited – Humaira Rana –A technology start-up advancing the agriculture sector by proving AI-based data-driven insights on soil, land and weather conditions to increase yields and reduce operational costs. Transport & Mobility – Motto Vest Pvt Limited – Zeeshan Shahid – A tech-based start-up aimed at providing safe mobility for bike riders through their AI sensor-based airbag vest to prevent fatalities and disabilities. Bright Idea – Enviro Solutions – Abuzar Siddiqui – An eco-friendly idea converting plastic waste into road building material.  

The runners-up are: Davaam Life Pvt Limited from Circular Economy, Pak Bioenergy from Clean Energy Solutions, Asqurrfor Empowering Women, Oval NFT for Technology Innovation, Juggernaut Pvt Limited for Transport & Mobility and Bewise for Bright Idea.

Since its launch in 2003, Shell Tameer strengthens local economies by promoting entrepreneurship.  A million youth have been engaged through this program.  10 Pakistani entrepreneurs won International Trade Grants worth PKR 3.8 million to visit seven countries and expand their market globally. Nine Shell Tameer entrepreneurs won the global Shell ‘Top Ten Innovators Awards worth PKR 10.4 million receiving global and national recognition.

 

Notes to editors

Shell LiveWIRE is the flagship enterprise development programme of Shell. The programme strengthens local economies across the globe by promoting entrepreneurship and developing entrepreneurs.

Shell Tameer (LiveWIRE in Pakistan) inculcates entrepreneurial skills in young people aged between 18- 40 years. The programme offers trainings on enterprise skills and starting a business; mentoring, legal consultancy, networking with expert organizations to develop business plans and to secure start up finance.

Enquiries

Shell Media Relations

Habib Haider

0300-8274199

Syntax Communications

Faisal Mushtaq

0321-2431568

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to 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 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. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”.  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. 

Forward-Looking Statements

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 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 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’’, “milestones”, ‘‘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 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, judicial, 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; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) 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 Shell plc’s Form 20-F for the year ended December 31, 2021 (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, [4th November]. Neither 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.

Shell’s net carbon footprint

Also, in this announcement we may refer to Shell’s “Net Carbon Footprint” or “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” or “Net Carbon Intensity” are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year.  They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years.  However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. 

Forward Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this announcementdo not form part of 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.  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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