Exxon Mobil Corporation

Ticker: XOM

Meeting date: 26/05/2021

Meeting type: Proxy Contest

	Proposal	Mgt rec	Vote
Management proposals
1.1	Elect Director Michael J. Angelakis	For	For
1.2	Elect Director Susan K. Avery	For	For
1.3	Elect Director Angela F. Braly	For	For
1.4	Elect Director Ursula M. Burns	For	For
1.5	Elect Director Kenneth C. Frazier	For	For
1.6	Elect Director Joseph L. Hooley	For	For
1.7	Elect Director Steven A. Kandarian	For	For
1.8	Elect Director Douglas R. Oberhelman	For	For
1.9	Elect Director Samuel J. Palmisano	For	For
1.10	Elect Director Jeffrey W. Ubben	For	For
1.11	Elect Director Darren W. Woods Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO	For	Withhold
1.12	Elect Director Wan Zulkiflee	For	For
2	Ratify PricewaterhouseCoopers LLP as Auditors	For	For
3	Advisory Vote to Ratify Named Executive Officers' Compensation	For	For
Shareholder proposals
4	Require Independent Board Chair Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO	Against	For
5	Reduce Ownership Threshold for Shareholders to Call Special Meeting	Against	Against
6	Issue Audited Report on Financial Impacts of IEA's Net Zero 2050 Scenario	Against	Against
7	Report on Costs and Benefits of Environmental-Related Expenditures	Against	Against
8	Report on Political Contributions Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting	Against	For
9	Report on Lobbying Payments and Policy Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting	Against	For
10	Report on Corporate Climate Lobbying Aligned with Paris Agreement Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting	Against	For
1.1	Elect Director Gregory J. Goff	For	Do not vote
1.2	Elect Director Kaisa Hietala	For	Do not vote
1.3	Elect Director Alexander A. Karsner	For	Do not vote
1.4	Elect Director Anders Runevad	For	Do not vote
1.5	Management Nominee Michael J. Angelakis	For	Do not vote
1.6	Management Nominee Susan K. Avery	For	Do not vote
1.7	Management Nominee Angela F. Braly	For	Do not vote
1.8	Management Nominee Ursula M. Burns	For	Do not vote
1.9	Management Nominee Kenneth C. Frazier	For	Do not vote
1.10	Management Nominee Joseph L. Hooley	For	Do not vote
1.11	Management Nominee Jeffrey W. Ubben	For	Do not vote
1.12	Management Nominee Darren W. Woods	For	Do not vote
Management proposals
2	Ratify PricewaterhouseCoopers LLP as Auditors	For	Do not vote
3	Advisory Vote to Ratify Named Executive Officers' Compensation	Against	Do not vote
Shareholder proposals
4	Require Independent Board Chair	None	Do not vote
5	Reduce Ownership Threshold for Shareholders to Call Special Meeting	None	Do not vote
6	Issue Audited Report on Financial Impacts of IEA's Net Zero 2050 Scenario	None	Do not vote
7	Report on Costs and Benefits of Environmental-Related Expenditures	None	Do not vote
8	Report on Political Contributions	None	Do not vote
9	Report on Lobbying Payments and Policy	None	Do not vote
10	Report on Corporate Climate Lobbying Aligned with Paris Agreement	None	Do not vote

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