ExxonMobil Issues 2008 Corporate Citizenship Report

May 22, 2009 -- IRVING, Texas -- ExxonMobil Corporation (NYSE:XOM) today issued its 2008 Corporate Citizenship Report5 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.

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“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:

* Leads the industry in workforce safety6 with a 12 percent reduction in lost-time incident rate on average, each year since 2000.
* Reduced direct greenhouse gas emissions7 from its operations.
* Invested more than $1.5 billion in the past five years to increase energy efficiency8 and reduce greenhouse gas emissions.
* Achieved zero spills9 from ExxonMobil-operated and long-term chartered marine vessels in 2008 and reduced the number of spills greater than one barrel by 60 percent since 2001.
* Strengthened corporate governance10 by enhancing the role of the presiding director. The presiding director has the authority to call and chair executive sessions of non-employee directors, and chairs all board meetings in the absence of the chairman. The presiding director reviews board meeting topics, agendas and schedules with the chairman prior to distribution to the board, which consists of one employee and 10 non-employees.
* Provided $225 million in combined corporate giving11 in the form of cash, goods and services worldwide.
* Employed a variety of economic support and incentive programs for capacity building – collectively referred to as national content development12. In Angola for example, ExxonMobil enhanced local capacity through business development and expenditures on local goods and services which totaled $1.5 billion.

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 process13. 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.”

Source: ExxonMobil Corporation