ExxonMobil

Texas
Energy

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

ExxonMobil does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. ExxonMobil funds multiple LGBTQ organizations. ExxonMobil is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. ExxonMobil has not used its PAC contributions for ideological purposes. For these reasons, ExxonMobil receives a "Medium Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

ExxonMobil has not publicly terminated business relationships due to religious or political beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

ExxonMobil’s foundation giving guidelines prohibit donations to houses of worship “insofar as the activities are religious,” though “church-sponsored accredited schools are eligible” (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

ExxonMobil does not protect employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

ExxonMobil has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). The company¬†CEO Darren Woods is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (3)(4).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

ExxonMobil is a brass sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

ExxonMobil stated that it has a “robust” system for determining which candidates receive contributions from its PAC (1). However, this statement had little to no practical effect, and the ExxonMobil PAC continues to donate in a bipartisan manner in accordance with business interests (2).

All links were last accessed and all information was updated on:
June 9, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/31/23EnvironmentalSisters of St. Francis Charitable TrustAditional Direct Methane MeasurementAgainst36.40%
5/31/23EnvironmentalBahnsen Family TrustEstablish a New Board Committee on Decarbonization RiskAgainst1.60%
5/31/23GovernanceKenneth SteinerReduce Executive Stock Holding PeriodAgainst2.20%
5/31/23EnvironmentalMeyer Memorial TrustReport on Plastics Under SCS scenarioAgainst25.30%
5/31/23EnvironmentalSteve MilloyAdditional Carbon Capture and Storage and Emissions ReportAgainst5.20%
5/31/23EnvironmentalAndrew BeharGHG Reporting on Adjusted BasisAgainst18.40%
5/31/23SocialUnited SteelworkersEnergy Transition Social Impact ReportAgainst16.60%
5/31/23EnvironmentalLegal & General Investment Management America, Inc.Report on Asset Retirment Obligations Under IEA NZE ScenarioAgainst16.00%
5/31/23GovernanceOxfam AmericaTax Reporting Beyond Legal RequirementAgainst13.60%
5/31/23EnvironmentalMercy Investment ServicesAdditional Report on Worst-case Spill and Response PlansAgainst13.30%
5/31/23EnvironmentalAnna Marie LylesLitigation Disclosure Beyond Legal and Accounting RequirmentAgainst9.10%
5/31/23EnvironmentalFollow ThisEstablish a Scope 3 Target and Reduce Hydrocarbon salesAgainst10.50%
5/25/22GovernanceSteven MilloyLimit Shareholder Rights for Proposal SubmissionAgainst1.50%
5/25/22EnvironmentalChristian Bros. Investment Svcs.Report on Senario Analysis Consistent with International Energy Agency's Net-zero by 2050Against51.00%
5/25/22EnvironmentalArjuna CapitalReport on Low Carbon Business PlanningAgainst10.50%
5/25/22GovernanceBernie J. PaffordRemove Executive Pay PerquisitesAgainst21.80%
5/25/22SocialUnitarian Universalist Assoc.Report on Political Contributions and ExpendituresAgainst26.70%
5/25/22EnvironmentalFollow ThisSet GHG Emissions Reductions Targets Consistent with Paris Agreement GoalAgainst27.10%
5/25/22EnvironmentalAndrew BeharReport on Plastic ProductionAgainst36.50%
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