2022-11-02T07:45:16-04:00 2021-12-31 990 2021-01-01 980368454 Shell Foundation % Rachel Singh Davies SHEL 2079344262 5Th Fl The Embassy Tea House195-205 London UK SE1 OLN Mrs Rachel Singh Davies Chief Finance Officer 2022-11-02 false 2021 2022-09-23 18:48:47Z Shell Foundation Rachel Singh Davies 5th Floor The Embassy Tea House 195-205 Union Street London London UK SE1 OLN 277819819 false X www.shellfoundation.org X Company Limited by guarantee 2000 UK Shell Foundation is an independent charity that applies a business approach to global development challenges which constrain access to energy and sustainable urban and rural mobility. 1 1 0 0 0 0 21792073 14746647 0 0 30869907 43685252 0 0 52661980 58431899 24627233 16165662 0 0 3950582 3741195 0 0 0 15098630 8967543 43676445 28874400 8985535 29557499 653902489 694036776 25682619 18959894 628219870 675076882 Shell Foundation is an independent charity that applies a business approach to global development challenges which constrain access to energy and sustainable urban and rural mobility. false false 24747665 13961336 0 The Access to Energy Programme focuses on co-creating and supporting the scale-up of pioneering social enterprises and market enablers such as supply chain or financial intermediaries Shell Foundation SF is helping to increase the availability of modern energy services to low-income consumers in ways that are financially viable and scalable. Main achievements: -77,977 livelihoods improved by the contribution of Jaza's 62 EnergyHubs across rural Tanzania. - Hello Solar has contributed to 954tonne reduction in CO2 by empowering rural communities with PAYG Access in Ethiopia. -Digital food distribution platform AgroCenta has improved the lives of 162,000 smallholder farmers significantly reducing post-harvest loss and creating more value for businesses. Launched the India Covid Response Programme for Agriculture Transition a $55m loan programme supporting early-stage Indian agriculture enterprises engaged in clean energy solutions. The programme was the result of international partnership and includes specific features that allows it to work with organisations serving low-income populations. 4126735 2204326 0 The Sustainable Mobility Programme provides support to unproven mobility businesses with scalable solutions that increase access to affordable clean transport in cities improve the delivery of urban and rural transport services and reduce emissions intensity through technology innovation. Main achievements: -More than 1 million people received goods via Tusker's fleet of transporters in Southern India. -MAX.ng's work with transport operators in the informal sector in Nigeria has improved the lives of 1.6 million people. -Over 260,000 livelihoods improved using Waterbus's ferry service connecting island communities on Lake Victoria in Kenya and Uganda. -Ampersand a Rwanda-based electric motorcycle company to which SF provided early-stage finance secured a $9m loan facility from the US International Development Finance Corporation DFC to expand its operations in Rwanda and Kenya. 0 0 0 0 0 0 28874400 false true false false false true false false false true false false true false true false true true false true true true false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 false 0 false true UK false false false false false 0 false false false false false false false false false false 1 1 false false false false true true true true true false false false true true true true false true true false X William Sumner 2079344262 5th Floor The Embassy Tea House 195-205 Union Street London London UK SE1 OLN Ms Gail Klintworth Trustee-Chair 0.00 0.00 X 0 0 0 Ms Diana Fox Carney Trustee 0.00 0.00 X 0 0 0 Ms Alice Chapple Trustee 0.00 0.00 X 0 0 0 Ms Sinead Lynch Trustee 0.00 0.00 X 0 0 0 Mr Wael Sawan Trustee 0.00 0.00 X 0 0 0 Mr Maarten Wetselaar Trustee 0.00 0.00 X X 0 0 0 Mr Huibert Vigeveno Trustee 0.00 0.00 X 0 0 0 Margaret Bllick Kigozi Trustee 0.00 0.00 X 0 0 0 Mr Sam Parker Chief Executive Officer 0.00 0.00 X X 0 0 0 Mr Richard Gomes Acting Deputy Chief Executive Officer 0.00 0.00 X 0 0 0 Ms Rachel Singh Davies Chief Financial Officer Acting Deputy Chief Executive Officer 0.00 0.00 X 0 0 0 Ms Patricia Otero Chief Financial Officer 0.00 0.00 X X 0 0 0 Mr Gareth Zahir Bill Operations Director 0.00 0.00 X 0 0 0 Mr Jordan Broadbent Senior Theme Lead Energy for Business 0.00 0.00 X 0 0 0 Mr William Sumner Finance Manager 0.00 0.00 X 0 0 0 Mr Nicholas Jones Market Development Manager 0.00 0.00 X 0 0 0 Mr Ashish Kumar Portfolio Innovation Manager 0.00 0.00 X 0 0 0 0 0 0 21 true true false 2 0 0 0 7486986 6638382 621279 0 14746647 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10417172 0 0 10417172 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 252656000 0 219387920 0 33268080 0 33268080 0 0 33268080 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58431899 0 0 43685252 3972891 3972891 0 0 12192771 12192771 0 0 3741195 0 3741195 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1702718 0 1702718 0 237616 0 237616 0 112688 0 112688 0 0 0 0 0 0 0 0 0 0 0 2148382 0 2148381 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 621279 0 621279 0 67191 0 67191 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exchange loss 58096 0 58096 0 Other expenses 256539 0 256539 0 Impairment 3763034 0 3763034 0 0 0 0 0 28874400 16165662 12708737 0 0 0 0 0 16198321 10774806 0 0 5076164 2072356 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 577348398 617035724 0 0 55279606 64153890 0 0 0 0 653902489 694036776 4164690 5263660 20845140 13004856 0 0 0 0 0 0 0 0 0 0 0 0 672789 691378 25682619 18959894 X 601867746 650354986 26352124 24721896 628219870 675076882 653902489 694036776 29557499 17299513 0 0 0 0 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 0 0 0 4867249 0 4867249 0 true true 577348398 0 61187326 -21500000 0 0 617035724 521251894 0 64096505 -8000000 0 0 577348398 459307795 0 79444099 -17139142 0 -360858 521251894 506608116 0 -30700321 -16302000 0 -298000 459307795 442660144 0 77947972 -13643000 0 -357000 506608116 1 0 0 false true true Energy Entrepreneurs Growth Fund EEGF investment 7666976 F GroFin Africa Fund GAF - Investment 277364 F Redavia - Loan Receivable 7087 F GroFin Small and Growing Businesses Fund SGB - Investment 6341084 F responsAbility Energy Access Fund - Investment 1800000 F SparkMeter - Loan Receivable 510000 F FactorE - Loan Receivable 13118117 F Gajam Group Limited Dharma Life - Loan Receivable 598035 F Husk Power Systems Inc. - Loan Receivable 975000 F Persistent Energy Capital - Loan Receivable 3372215 F Buen Manejo del Campo S.A. Sistema Biobolsa - Loan Receivable 616420 F Nomou Iraq Fund - Investment 4640660 F Aavishkaar Ventures Management Services - Interest Bearing Convertible Debt Agreement 9999991 F Northern Iraq Investments 8307136 F Nayo Tropical Technology loan receivable 544530 F Shortlist loan receivable 233240 F Cardecho B.V. loan receivable 700000 F SIMA Angaza Distributor Financing Fund Investment 625000 F Metro Afirca Express loan receivable 666400 F WhereIsmy Transport loan receivable 777900 F Energy Company of the Future Ltd Konexa loan receivable 233333 F Odyssey Energy Solutions loan receivable 444450 F Pula Advisors Limited loan receivable 33333 F Globology Limited loan receivable 180279 F Jali Finance Limited loan receivable 123164 F Origen Fresh EPZ Limited loan receivable 52467 F NavAlt Solar and Electric Boats Private Ltd loan receivable 809709 F Nithio FI B.V. loan receivable 500000 F 64153890 Grantees due after one year 492388 Performance Share Plans 198990 691378 75731412 17299513 17299513 58431899 0 58431899 28874400 0 28874400 0 28874400 Part V, line 4 The endowment is invested in a diversified portfolio of global equities hedge funds fixed income and real estate. In order to mitigate the risk associated with currency exposure the investment portfolio is partially hedged back to the Foundation's functional currency of US Dollars by the investment manager through the use of forward contracts. SF seeks to incorporate Environmental Social and Governance ESG considerations into the management of this endowment. The Investment objectives of the Foundation are set by an Investment Committee and management of the endowment in accordance with those objectives either directly or through external fund managers sits with Shell Asset Management Company SAMCo. To address the abovementioned ESG considerations SF has made several choices in the way the endowment is managed. Firstly the endowment's equity investments are managed against custom ESG benchmarks that have stronger governance positioning and a significantly lower carbon footprint versus standard market indices. Furthermore external managers appointed through our asset manager are required to make explicit how ESG considerations are integrated in their investment processes. These managers are also asked to report to the United Nations-supported Principles for Responsible Investment UNPRI or in the case of property investments the Global Real Estate Sustainability Benchmark GRESB. true Europe Including Iceland and Greenland 1 24 Grantmaking Grant expense 5193150 Middle East and North Africa 0 0 Grantmaking Grant expense 2100000 North America 0 0 Grantmaking Grant expense 1627716 South Asia 0 0 Grantmaking Grant expense 2689753 Sub-Saharan Africa 0 1 Grantmaking Grant expense 2537700 Europe Including Iceland and Greenland 0 0 Program services Program services 9701287 Sub-Saharan Africa 0 0 Program services Program Services 3033190 North America 0 0 Program services Program Services 154105 Middle East and North Africa 0 0 Program services Program Services 613509 South Asia 0 0 Program services Program Services 140622 Europe Including Iceland and Greenland 0 0 Program-related investments Investments 4666976 Middle East and North Africa 0 0 Program-related investments Investments 5000000 1 25 1 25 37458008 37458008 Sub-Saharan Africa Africa Trust Holdings Proprietary Ltd grant 300000 Bank Transfer Sub-Saharan Africa Amiran Kenya Ltd. grant return -550000 Bank Transfer North America Buen Manejo del Campo, SA - Grantee 927716 Bank Transfer South Asia CEEW (Council on Energy, Environment and Water) grant 75000 Bank Transfer Europe (Including Iceland and Greenland) EARF BV grant 150000 Bank Transfer Sub-Saharan Africa Echo Venture Capital Partners grant 300000 Bank Transfer Middle East and North Africa Energy Company of the Future Limited grant 350000 Bank Transfer Sub-Saharan Africa Energy Private Developers - Grant 250000 Bank Transfer Europe (Including Iceland and Greenland) Equatorial Power B.V. grant 633000 Bank Transfer South Asia Even Livelihoods Pvt Ltd grant 420000 Bank Transfer Europe (Including Iceland and Greenland) Ferntech GmbH grant 150000 Bank Transfer Europe (Including Iceland and Greenland) Future Fit Foundation - Grant 500000 Bank Transfer Sub-Saharan Africa Globology Limited grant 808184 Bank Transfer South Asia Hasiru Dala grant 20800 Bank Transfer South Asia Hosa Solutions Private Limited grant 370800 Bank Transfer Sub-Saharan Africa Jali Finance Limited grant 296979 Bank Transfer North America Jaza Energy Inc grant 700000 Bank Transfer Europe (Including Iceland and Greenland) M-KOPA Holdings Limited grant return -20000 Bank Transfer South Asia NavAlt Solar and Electric Boats Pvt Ltd grant 972691 Bank Transfer Europe (Including Iceland and Greenland) Nithio FI BV grant 500000 Bank Transfer Sub-Saharan Africa Origen Fresh EPZ Ltd grant 300000 Bank Transfer Europe (Including Iceland and Greenland) Pula Advisors GmbH grant 395050 Bank Transfer Europe (Including Iceland and Greenland) Rabo Foundation grant 900000 Bank Transfer Sub-Saharan Africa Rovingheights Nigeria grant return -157463 Bank Transfer Sub-Saharan Africa Savant Group Limited grant 500000 Bank Transfer South Asia Science for Society Techno Services grant 606600 Bank Transfer Middle East and North Africa SFIM-IBSF grant 2100000 Bank Transfer South Asia SMV GREEN SOLUTIONS PTE LTD grant return -300000 Bank Transfer Europe (Including Iceland and Greenland) Stichting Smart Freight Centre grant 297548 Bank Transfer Europe (Including Iceland and Greenland) Sustainable Energy for All (SEforALL) grant 500000 Bank Transfer Europe (Including Iceland and Greenland) The Sure Chill Company Ltd - Grant 587552 Bank Transfer Sub-Saharan Africa University of Nairobi grant 15000 Bank Transfer Sub-Saharan Africa VentureBuilder Foundation grant 475000 Bank Transfer South Asia Villgro Innovations Foundation grant 523862 Bank Transfer Europe (Including Iceland and Greenland) WOS Founders BV grant 250000 Bank Transfer 9 26 true Burn Manufacturing Company 18850 103rd Ave SW Suite 220 City of Vashon Country WA 98070 300000 0 Incubation of EPC Business project FactorE Ventures PBC 430 North College Avenue Fort Collins CO 80524 2700000 0 General support Odyssey Energy Solutions Inc 1519 Pine St Unit 1 Boulder CO 80302 1712891 0 General support Precise Consult International LLC 630 First Avenue 10N New York NY 10016 250000 0 Ethiopia Market Accelerator Programme project Social Investment Managers and Advisers LLC 7 Columbus Ave Suite 512 New York NY 10023 1635000 0 General support World Resources Institute 10 G Street NE Suite 800 Washington WA 20002 501(c)(3) 600000 0 General support 1 5 false false true false false false false true false Mr Maarten Wetselaar Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Sam Parker Chief Executive Officer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Richard Gomes Acting Deputy Chief Executive Officer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ms Patricia Otero Chief Financial Officer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Gareth Zahir Bill Operations Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Jordan Broadbent Senior Theme Lead Energy for Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr William Sumner Finance Manager 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Nicholas Jones Market Development Manager 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Ashish Kumar Portfolio Innovation Manager 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part II Line 1 | Name :, Title:, Item Selected:, Description:| All the listed employees, We are providing only the name of the trustees officers and employees and not providing the compensation details due to data protection regulations.| Part I Line 7 The organization offers bonuses to persons employed by the organization. These bonuses are calculated with a formula. The decision to award bonuses is discretionary and individual details are not known due to data protection regulations. Part VI, Line 6 The sole member of the Foundation is The Shell Petroleum Company Limited. Part VI, Line 7a The sole member of the Foundation is The Shell Petroleum Company Limited. The eight Trustees are appointed by The Shell Petroleum Company Limited. There are no material differences in voting rights amongst members of the governing body. The Board is supported for the financial results and statutory returns internal controls and risks associated with the Foundation's activities and appropriate mitigation measures in respect of these by an Audit and Risk Committee by an Investment Committee for the endowment investment returns strategic asset allocation and performance of the fund manager and by a Remuneration Committee for the team's performance against pre-determined annual targets. Part VI, Line 7b The sole member of the Foundation is The Shell Petroleum Company Limited. The eight Trustees are appointed by The Shell Petroleum Company Limited. There are no material differences in voting rights amongst members of the governing body. The Board is supported for the financial results and statutory returns internal controls and risks associated with the Foundation's activities and appropriate mitigation measures in respect of these by an Audit and Risk Committee by an Investment Committee for the endowment investment returns strategic asset allocation and performance of the fund manager and by a Remuneration Committee for the team's performance against pre-determined annual targets. Part VI, Line 11a The form and accompanying Schedules are initially prepared and reviewed by the Shell Foundation Finance team. Where necessary advice is sought and finally the form is reviewed and signed by the Shell Foundation Chief Financial Officer. Part VI, Line 11b The form and accompanying Schedules are initially prepared and reviewed by the Shell Foundation Finance team. Where necessary advice is sought and finally the form is reviewed and signed by the Shell Foundation Chief Financial Officer. Part VI, Line 12c Shell Foundation has documented Business Principles which includes a statement relating to conflicts of interest: "Staff must avoid conflicts of interest between their private financial affairs and their part in the conduct of the Shell Foundation activities. Staff must also declare to Shell Foundation any potential conflicts of interest." We monitor this through the following processes; maintain a register of gifts and hospitality given received or offered; maintain a register of related transactions maintain a register of other offices held; trustees annually declare any related parties." All decision-making procedures have conflict of interest declarations built into them both in formal documentation and at the start of every decision-making meeting. Conflicts declared are minutes for the records and individuals with such conflicts remove themselves from further involvement in that decision. Procedures apply equally to staff trustees advisors and volunteers. Shell Foundation's financial statement and conflicts of interest policy as part of its Business Principles available to the public via its website UK Companies House and UK Charities Commission. Shell Foundation's governing documents are available to the public on request. Part VI, Line 15 Shell Foundation is a registered charity and under UK charity law its Board of trustees is obligated to act independently in accordance with its charitable objectives. Although the Shell Petroleum Company Limited is the sole member of the Shell Foundation the Foundation is not consolidated within the financial results of the Royal Dutch Shell RDS Group because it is an independent charity. The trustees officers and the key staff of the Shell Foundation who are employed by the RDS Group - a related organisation- have been requested by the RDS Group to permit their compensation details to be released to the Shell Foundation and it has been shown in the Form 990 compensation from a related organisation. Part VII, Line 1a | Explanation:| We are not disclosing the compensation details of the trustees officers & employees due to data protection regulations. Part VII, Line 1a | Explanation:| We are not disclosing the compensation details of all the trustees officers and employees due to data protection regulations. Part VII, Line Section B Line 1 | Explanation:| We are not disclosing the compensation details of the contractors due to data protection regulations Part VII, Line Section B Line 1 | Explanation:| Contractors who were paid more than $100,000 : 1. Wanji Nganga Nairobi Kenya 2. Maurice Othulo London UK Shell International Limited 20 York Road London SE1 7NA London London UK 0 Corporate Service company UK The Shell Petroleum Company Limited C-Corporation 0 0 0.01 false Shell Trading International Limited Shell Centre York Road SE17NA London London UK 0 Trading Company UK The Shell Petroleum Company Limited C-Corporation 0 0 0.01 false BG Group Ltd Shell Centre London SE1 7NA London London UK 0 Corporate Holding company UK Shell Petroleum NV C-Corporation 0 0 0.01 false Shell Plc (formerly Royal Dutch Plc) Shell Centre London SE1 7NA London London UK 0 Ultimate Parent Company UK N/A C-Corporation 0 0 0 false Shell Asset Management Company Lange Kleiweg 40 2288 GK Rijswijk South Holland South Holland NL 0 Corporate Service company NL Shell Petroleum NV C-Corporation 0 0 0.01 false false false true false false false false false false false false false false false false true false false false Shell International Limited P 6650467 Cash paid Shell Trading International Limited C 6000000 Cash received BG Group Ltd C 1208953 Cash received Shell Plcformerly Royal Dutch Shell Plc C 278033 Cash received Shell Asset Management Company B 484981 Amount accrued