Exxon Mobil Corporation

Ticker: XOM
Meeting date: 31/05/2023
Meeting type: Annual
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 Gregory J. Goff For For
1.5 Elect Director John D. Harris, II For For
1.6 Elect Director Kaisa H. Hietala For For
1.7 Elect Director Joseph L. Hooley For For
1.8 Elect Director Steven A. Kandarian For For
1.9 Elect Director Alexander A. Karsner For For
1.10 Elect Director Lawrence W. Kellner For For
1.11 Elect Director Jeffrey W. Ubben For For
1.12 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 Against
2 Ratify PricewaterhouseCoopers LLP as Auditors For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation For For
4 Advisory Vote on Say on Pay Frequency One year One year
Shareholder proposals
5 Establish Board Committee on Decarbonization Risk Against Against
6 Reduce Executive Stock Holding Period Against Against
7 Report on Carbon Capture and Storage Against Against
8 Report on Methane Emission Disclosure Reliability Against Against
9 Adopt Medium-Term Scope 3 GHG Reduction Target 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 Issue a Report on Worst-Case Impacts of Oil Spills from Operations Offshore of Guyana Against Against
11 Recalculate GHG Emissions Baseline to Exclude Emissions from Material Divestitures 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
12 Report on Asset Retirement Obligations Under IEA NZE Scenario Against Against
13 Commission Audited Report on Reduced Plastics Demand 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
14 Report on Potential Costs of Environmental Litigation Against Against
15 Publish a Tax Transparency Report 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
16 Report on Social Impact From Plant Closure or Energy Transition Against Against
Management proposals
17 Report on Benefits and Risks of Commitment to Not Develop Projects in the Arctic *Withdrawn Resolution* None None

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