Exxon Mobil Corporation
Ticker: XOM
Meeting date: 31/05/2023
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1.1 | Proposal Elect Director Michael J. Angelakis | Mgt rec For | Vote For |
| 1.2 | Proposal Elect Director Susan K. Avery | Mgt rec For | Vote For |
| 1.3 | Proposal Elect Director Angela F. Braly | Mgt rec For | Vote For |
| 1.4 | Proposal Elect Director Gregory J. Goff | Mgt rec For | Vote For |
| 1.5 | Proposal Elect Director John D. Harris, II | Mgt rec For | Vote For |
| 1.6 | Proposal Elect Director Kaisa H. Hietala | Mgt rec For | Vote For |
| 1.7 | Proposal Elect Director Joseph L. Hooley | Mgt rec For | Vote For |
| 1.8 | Proposal Elect Director Steven A. Kandarian | Mgt rec For | Vote For |
| 1.9 | Proposal Elect Director Alexander A. Karsner | Mgt rec For | Vote For |
| 1.10 | Proposal Elect Director Lawrence W. Kellner | Mgt rec For | Vote For |
| 1.11 | Proposal Elect Director Jeffrey W. Ubben | Mgt rec For | Vote For |
| 1.12 | Proposal 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 | Mgt rec For | Vote Against |
| 2 | Proposal Ratify PricewaterhouseCoopers LLP as Auditors | Mgt rec For | Vote For |
| 3 | Proposal Advisory Vote to Ratify Named Executive Officers' Compensation | Mgt rec For | Vote For |
| 4 | Proposal Advisory Vote on Say on Pay Frequency | Mgt rec One year | Vote One year |
| Shareholder proposals | |||
| 5 | Proposal Establish Board Committee on Decarbonization Risk | Mgt rec Against | Vote Against |
| 6 | Proposal Reduce Executive Stock Holding Period | Mgt rec Against | Vote Against |
| 7 | Proposal Report on Carbon Capture and Storage | Mgt rec Against | Vote Against |
| 8 | Proposal Report on Methane Emission Disclosure Reliability | Mgt rec Against | Vote Against |
| 9 | Proposal 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 | Mgt rec Against | Vote For |
| 10 | Proposal Issue a Report on Worst-Case Impacts of Oil Spills from Operations Offshore of Guyana | Mgt rec Against | Vote Against |
| 11 | Proposal 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 | Mgt rec Against | Vote For |
| 12 | Proposal Report on Asset Retirement Obligations Under IEA NZE Scenario | Mgt rec Against | Vote Against |
| 13 | Proposal 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 | Mgt rec Against | Vote For |
| 14 | Proposal Report on Potential Costs of Environmental Litigation | Mgt rec Against | Vote Against |
| 15 | Proposal 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 | Mgt rec Against | Vote For |
| 16 | Proposal Report on Social Impact From Plant Closure or Energy Transition | Mgt rec Against | Vote Against |
| 17 | Proposal Report on Benefits and Risks of Commitment to Not Develop Projects in the Arctic *Withdrawn Resolution* | Mgt rec None | Vote None |
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