Exxon Mobil Corporation
Ticker: XOM
Møtedato: 31.05.2023
Møtetype: Annual
| Forslag | Ledelsens anbefalning | Stemme | |
|---|---|---|---|
| Management proposals | |||
| 1.1 | Forslag Elect Director Michael J. Angelakis | Ledelsens anbefalning For | Stemme For |
| 1.2 | Forslag Elect Director Susan K. Avery | Ledelsens anbefalning For | Stemme For |
| 1.3 | Forslag Elect Director Angela F. Braly | Ledelsens anbefalning For | Stemme For |
| 1.4 | Forslag Elect Director Gregory J. Goff | Ledelsens anbefalning For | Stemme For |
| 1.5 | Forslag Elect Director John D. Harris, II | Ledelsens anbefalning For | Stemme For |
| 1.6 | Forslag Elect Director Kaisa H. Hietala | Ledelsens anbefalning For | Stemme For |
| 1.7 | Forslag Elect Director Joseph L. Hooley | Ledelsens anbefalning For | Stemme For |
| 1.8 | Forslag Elect Director Steven A. Kandarian | Ledelsens anbefalning For | Stemme For |
| 1.9 | Forslag Elect Director Alexander A. Karsner | Ledelsens anbefalning For | Stemme For |
| 1.10 | Forslag Elect Director Lawrence W. Kellner | Ledelsens anbefalning For | Stemme For |
| 1.11 | Forslag Elect Director Jeffrey W. Ubben | Ledelsens anbefalning For | Stemme For |
| 1.12 | Forslag 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 Deling av rollene som styreleder og administrerende direktør | Ledelsens anbefalning For | Stemme Against |
| 2 | Forslag Ratify PricewaterhouseCoopers LLP as Auditors | Ledelsens anbefalning For | Stemme For |
| 3 | Forslag Advisory Vote to Ratify Named Executive Officers' Compensation | Ledelsens anbefalning For | Stemme For |
| 4 | Forslag Advisory Vote on Say on Pay Frequency | Ledelsens anbefalning One year | Stemme One year |
| Shareholder proposals | |||
| 5 | Forslag Establish Board Committee on Decarbonization Risk | Ledelsens anbefalning Against | Stemme Against |
| 6 | Forslag Reduce Executive Stock Holding Period | Ledelsens anbefalning Against | Stemme Against |
| 7 | Forslag Report on Carbon Capture and Storage | Ledelsens anbefalning Against | Stemme Against |
| 8 | Forslag Report on Methane Emission Disclosure Reliability | Ledelsens anbefalning Against | Stemme Against |
| 9 | Forslag 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 Selskapers bærekraftrapportering | Ledelsens anbefalning Against | Stemme For |
| 10 | Forslag Issue a Report on Worst-Case Impacts of Oil Spills from Operations Offshore of Guyana | Ledelsens anbefalning Against | Stemme Against |
| 11 | Forslag 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 Selskapers bærekraftrapportering | Ledelsens anbefalning Against | Stemme For |
| 12 | Forslag Report on Asset Retirement Obligations Under IEA NZE Scenario | Ledelsens anbefalning Against | Stemme Against |
| 13 | Forslag 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 Selskapers bærekraftrapportering | Ledelsens anbefalning Against | Stemme For |
| 14 | Forslag Report on Potential Costs of Environmental Litigation | Ledelsens anbefalning Against | Stemme Against |
| 15 | Forslag 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 Selskapers bærekraftrapportering | Ledelsens anbefalning Against | Stemme For |
| 16 | Forslag Report on Social Impact From Plant Closure or Energy Transition | Ledelsens anbefalning Against | Stemme Against |
| 17 | Forslag Report on Benefits and Risks of Commitment to Not Develop Projects in the Arctic *Withdrawn Resolution* | Ledelsens anbefalning None | Stemme None |
Disclaimer
This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:
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