2008 Corporate Citizenship Report Details Industry Leading Results
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today issued its 2008 Corporate Citizenship Report detailing actions to improve environmental, economic and social performance, while providing energy to meet the worlds’ growing demand.
The report details how ExxonMobil reduced greenhouse gas emissions, led the industry in worker safety and oil-spill prevention, and contributed more than eight times its earnings -- a record $402 billion -- to economies around the world through taxes and purchases of goods and services.
“ExxonMobil’s role is to provide energy to sustain and improve standards of living for people worldwide while delivering a return to our shareholders,” said Rex W. Tillerson, chairman and chief executive officer. “We are committed to taking on this challenge in a manner that reflects our own culture of integrity while balancing the components of sustainability – economic growth, social development and environmental protection.”
The report details how ExxonMobil:
In a new initiative this year, ExxonMobil invited a group of experts in non-financial reporting and corporate citizenship to review and provide feedback on the reporting process. The panel provided guidance and comments which reinforced the effectiveness of the ExxonMobil reporting process in addressing a wide range of challenging issues. The panel also provided feedback on areas for future improvement, such as the inclusion of a more detailed description of future action plans and broader discussion of the challenges faced in balancing the drivers of sustainability.
“In all areas of corporate citizenship, we listen to others in order to understand different perspectives, to regularly assess our progress, and to know where we need to improve,” Tillerson said. “While proud of our achievements in 2008 we are not complacent. That is why we retain a relentless focus on all key indicators of our performance.”
To underscore the importance of community engagement as a critical component of good corporate citizenship, Ken Cohen, ExxonMobil’s vice president of Public Affairs will be available for an online web chat to answer questions about ExxonMobil’s 2008 Corporate Citizenship Report. The online discussion will take place at 2:30 pm, Central Time on Friday, June 5 at Live Q&A on the washingtonpost.com. Questions can be submitted live during the event or in the lead up to the event.
About the Corporate Citizenship Report
The Corporate Citizenship Report was prepared in accordance with the reporting guidelines and indicators of the International Petroleum Industry Environmental Conservation Association and the American Petroleum Institute Oil and Gas Industry Guidance on Sustainability Reporting. The majority of these indicators are also consistent with the indicators used by the Global Reporting Initiative in the G3 Sustainability Reporting Guidelines Version 3.0.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to find better, safer and cleaner ways to provide energy to support development and improved living standards around the world. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products and its chemical company is one of the largest in the world.
Exxon Mobil Corporation and the ExxonMobil Foundation engage in a range of philanthropic activities that advance education, health and science in the communities where ExxonMobil has significant operations. In the United States, ExxonMobil supports initiatives to improve math and science education at the K-12 and higher education levels. Globally, ExxonMobil provides funding to improve basic education and combat malaria and other infectious diseases in developing countries.
In 2008, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and ExxonMobil Foundation provided $225 million in contributions worldwide, of which more than $89 million was dedicated to education. Additional information on ExxonMobil’s community partnerships and contributions programs is available at www.exxonmobil.com/community.
Rob Young, 972-444-1108