Exxon Mobil Corporation | Additional Social Impact Report

7.47% votes in favour
AGM date
Previous AGM date
Proposal number
Resolution details
Company ticker
Resolution ask
Report on or disclose
ESG theme
  • Environment
  • Social
ESG sub-theme
  • Just Transition
Type of vote
Shareholder proposal
Filer type
Company sector
Company HQ country
United States
Resolved clause
“RESOLVED: The shareholders of Exxon Mobil Corporation (the ‘Company’), hereby request that the Board of
Directors create a report regarding the social impact on workers and communities from closure or energy transition
of the Company’s facilities, and alternatives that can be developed to help mitigate the social impact of such closures
or energy transitions. The report should be prepared at reasonable cost, omitting proprietary information, and be
available on the Company’s website by the 2025 Annual Meeting of Shareholders.
Supporting statement
As the nation and our Company prepare for and participate in a transitioning energy economy, our Company should
play a role to in helping to provide security for impacted workers and communities where our Company operates.
2024 Proxy Statement 91
7 h.t.t.ps:/l/w.w.w.exxonmobilchemical.com/en/resources/library/library-detail/110631/first_circularity_center_en
8 h.t.t.ps:/l/w.w.w.oecd.org/coronavirus/en/data-insights/plastic-waste-management-challenges
10 h.t.t.ps:/l/w.w.w.exxonmobilchemical.com/en/exxonmobil-chemical/sustainability/advanced-recycling-technology/massbalance-attribution
12 h.t.t.ps:/l/w.w.w.exxonmobilchemical.com/en/exxonmobil-chemical/sustainability/advanced-recycling-technology/carbon
13 h.t.t.ps:/l/iea.blob.core.windows.net/assets/9a698da4-4002-4e53-8ef3-
631d8971bf84/NetZeroRoadmap_AGlobalPathwaytoKeepthe1.5CGoalinReach-2023Update.pdf 14 h.t.t.ps:/l/w.w.w.energy.gov/eere/vehicles/lightweight-materials-cars-and-trucks
15 h.t.t.ps:/l/w.w.w.americanchemistry.com/chemistry-in-america/news-trends/press-release/2023/report-more-plastics
-used-in-automobiles-improving-fuel-efficiency-safety-and-performance 16 h.t.t.ps:/l/corporate.exxonmobil.com/sustainability-and-reports/sustainability
17 h.t.t.ps:/l/corporate.exxonmobil.com/sustainability-and-reports/advancing-climate-solutions
Our Company’s Chairman and CEO Darren W. Woods has personally signed the Business Roundtable’s Statement on
the Purpose of a Corporation which affirmed our Company’s commitment to serve all stakeholders, including
‘investing in our employees’ and ‘supporting the communities in which we work.’
UN PRI’s Statement of Investor Commitment to Support a Just Transition on Climate Change states that ‘the
responsible management of workforce and community dimensions of climate change are increasingly material drivers
for value creation.’ (h.t.t.ps:/l/w.w.w.unpri.org/download?ac=10382)
In the International Labour Organization’s (ILO) 2015 Guidelines for a Just Transition towards Environmentally
Sustainable Economies and Societies for All, the ILO emphasizes that the transition to environmentally sustainable
economies and societies involves ‘the pivotal role of employers’ and ‘anticipating impacts on employment, adequate
and sustainable social protection for job losses and displacement, skills development and social dialogue, including
the effective exercise of the right to organize and bargain collectively.’ (h.t.t.ps:/l/w.w.w.ilo.org/wcmsp5/groups/public/
In its Advancing Climate Solutions 2023 Progress Report, the Company stated that it plans to invest more than $17 billion
from 2022 to 2027 to reduce emissions through carbon capture and storage, hydrogen and biofuels. (h.t.t.ps:/l/
corporate.exxonmobil.com/climate-solutions/advancing-climate-solutions-progress-report) This investment needs to be
accompanied with disclosure of time-bound, measurable indicators for meaningful engagement with key stakeholders.For these reasons, it is imperative that the Board creates the proposed report as a first step towards understanding
and mitigating the impact of future plant closings and energy transition on workers and communities where the
Company operates.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
VidaCaixa For
Rothschild & co Asset Management For

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.