Malaysia’s entrepreneurs win Shell global entrepreneurship award
Kuala Lumpur – Two Malaysian enterprises made the nation proud after emerging the grand winner and runner-up for the of the Environmental Sustainability category in the 2025 Shell LiveWIRE global Top Ten Innovators Award, an entrepreneurial competition which rewards entrepreneurs who demonstrate excellence in innovation. Additionally, Satu Creative, the implementing partner for Shell LiveWire Malaysia was named runner-up for its outstanding contribution to the programme led here in Malaysia.
The awards are structured around three core categories that reflect Shell LiveWire’s mission to empower businesses in solving real-world problems. Each category highlights a different dimension of how entrepreneurs are shaping a better future through bold ideas, sustainable practices, and inclusive growth.
“It fills me with immense pride to see our nation's passionate entrepreneurs gaining global recognition. Their innovative ventures not only drive personal success but also uplift and empower the communities they belong to. My heartfelt congratulations to all the winners for their remarkable achievements," expressed Siti Sulaiman, Country Chair of Shell Malaysia and Senior Vice President for Integrated Gas & Upstream Malaysia.
Materials in Works, which was announced the winner of the Environmental Sustainability category, transforms hard-to-recycle industrial waste into valuable, repurposed materials, an innovation that showcases the power of circular economy solutions in addressing environmental challenges. According to its founder, John Ooi, winning this prestigious Top 10 Innovators award is a powerful validation of the company’s mission of turning what the world sees as waste into a valuable resource. This recognition fuels its drive to scale sustainable innovation and inspire a new era of circular economy to the world.
Meanwhile, Reclimate Sdn. Bhd which emerged runner-up for the same category works with farming communities to convert agricultural waste into biochar, while providing access to carbon markets through user-friendly digital tools. This model not only reduces environmental impact but also creates new economic opportunities for rural communities across Malaysia.
“Being named a Shell Top Ten Innovators winner is a powerful affirmation of our mission at Reclimate and this recognition strengthens our commitment to environmental innovation that drives real, lasting impact for both people and the planet,” shared Annamalai Thani, COO of Reclimate Sdn Bhd.
Satu Creative, which is committed towards empowering aspiring founders and changemakers, provides entrepreneurs with the skills, resources, and networks needed to build sustainable, future-ready ventures. Ahmad Azuar Zainuddin, Chief Executive Officer of Satu Creative shared that the company is deeply grateful to the Shell team for their trust, vision, and unwavering commitment to building ecosystems that power lives.
“It’s a true honour for us to receive this award and we are proud to stand alongside an incredible group of implementation partners who are each doing meaningful, transformative work in their own communities.”
The category winners were awarded USD20,000, while runners-up received USD10,000 in equity-free funding to scale their impact. The Implementing Partner Award recipients will receive sponsored attendance to the Aspen Network of Development Entrepreneurs (ANDE) Global Conference, to be held in Mexico in September 2025.
Top Ten Innovators is a global award programme that recognises outstanding entrepreneurs within the Shell LiveWire network who are driving positive change through social impact, environmental sustainability and business innovation. Spanning four continents, this year’s winners showcase how entrepreneurship can fuel inclusive economic growth while addressing some of the world’s most urgent challenges. At the heart of is initiative is a commitment to celebrating purpose-driven innovation entrepreneurship that goes beyond profit to create lasting, meaningful impact.
For more information about Shell LiveWire and the Top Ten Innovators, visit www.LiveWire.shell.
Enquiries
Prema Jayabalan
Manager, Media Relations,
Shell Malaysia
Prema.Jayabalan@shell.com
Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this report “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference 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 report refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. 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 report 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’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” 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 report, 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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 report 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, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this report and should be considered by the reader. Each forward-looking statement speaks only as of the date of this report, May 7, 2025. 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 report.
Shell’s net carbon intensity
Also, in this report we may refer to Shell’s “net carbon intensity” (NCI), which includes 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’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is 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 and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks 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 report may contain certain forward-looking non-GAAP measures such as adjusted earnings 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 report do not form part of this report.
We may have used certain terms, such as resources, in this report 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.