ExxonMobil

Houston, Texas
Energy

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

ExxonMobil scored a 70 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, 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 is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. ExxonMobil funds multiple LGBTQ groups For these reasons, ExxonMobil receives a Medium Risk rating.

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Board Bias

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CEO of ExxonMobil

Darren W. Woods

Darren W. Woods

Summary:

Headquartered in Houston, Texas, ExxonMobil is a member of the Fortune 250 operating in the Energy industry. Darren W. Woods and Darren W. Woods serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $1,409,157 to Republican causes and $974,050 to Democratic causes. Under their tenure, ExxonMobil currently holds a 'Medium Risk' risk rating.

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Political Contributions of Leadership:

$1,409,157

$974,050

Republican

Democrat

Shareholder Proposals

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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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