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Shell Celebrates 40 Years Of Scenarios

Stocks in this article: RDS.A RDS.B

Speaking ahead of a panel discussion to coincide with the booklet's launch today, Simon Henry, Shell's Chief Financial Officer, said: "Shell has a long and distinguished history of scenario planning, and the intelligence and innovation that our Scenarios teams have contributed over many decades has proved hugely beneficial to our business. By providing unique insights and detailed analysis into the ever-changing global landscape, and projecting forward possible outcomes, the Scenarios team helps Shell's senior leadership make better informed decisions about our current and future operations."

The Shell Scenarios methodology has been adapted by many different organisations and individuals worldwide to help them in their work.

Adam Kahane, Associate Fellow at the Saïd Business School, Oxford University said: "The Shell methodology has been one of the main building blocks for the 'transformative scenario planning' work that my colleagues and I have been engaged in for the past twenty years. The spirit of Shell's scenario practice - logical and rigorous, creative and open - has guided us throughout."

Peter Ho, Senior Advisor for the Centre of Strategic Futures, a think-tank of the Singapore Government, said: "The Singapore Government started using scenario planning in 1991.  Shell strongly supported this effort. Today, scenario planning is embedded in the Government's annual strategic planning cycle."

Philip Bobbit, Herbert Wechsler Professor of Jurisprudence at Columbia University and Director of Columbia Law School's Center on National Security, said: "One thing that's always impressed me about the Shell people was that they did a whole new set of scenarios every five years, sometimes even less. Yet if you look at all their old scenarios, they are almost uncanny in showing how the world would change. Scenario planning is perhaps the most important analytical tool we have and Shell has been the most important innovator in that process."

Amory Levins, Chairman and Chief Scientist, Rocky Mountain Institute, said: "Shell Scenarios are a unique resource for all of us who think about the energy future. Shell is the most far-sighted and strategic of the majors, largely because the Scenarios informed the thinking of Shell leadership and many others in the energy ecosystem. Without this exercise, people would have a much shorter and dimmer view of the future than they need to in a very long lead time business."

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