ExxonMobil

Texas
Energy

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

ExxonMobil received a score of 70 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC). By complying with Human Rights Campaign’s controversial demands, ExxonMobil increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. ExxonMobil forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. ExxonMobil funds multiple LGBTQ organizations. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. For these reasons, ExxonMobil receives a High 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 fired customers, suppliers, or vendors based on political views or religious 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 (1).

Criteria

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

Risk Level
Rationale

ExxonMobil’s HRC 2023 CEI rating indicates the company forces employees to attend multiple, controversial trainings on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2)(3). ExxonMobil does not provide viewpoint protections for its employees (4).

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’s HRC 2023 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy (1)(2)(3). By doing so, the company risks dividing employees, alienating customers and harming shareholders. The company’s 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 (4)(5).

Criteria

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

Risk Level
Rationale

ExxonMobil’s HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology (1)(2)(3). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders. ExxonMobil is a brass sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (4)(5).

Criteria

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

Risk Level
Rationale

ExxonMobil’s HRC 2023 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives (1)(2)(3). By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders. ExxonMobil has not used its PAC donations or lobbied for ideological purposes (4)(5)(6).

All links were last accessed and all information was updated on:
February 9, 2024

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%

In the News

Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept