But our responsibilities don’t end there. Our operations span six continents, and our employees live and work in communities around the world. How we interact with and support these communities is critical to how we measure our performance as a global, corporate citizen.
Every year we document our activities and commitments in these areas in our Corporate Citizenship Report (CCR). We just released our 2010 report, which documents ExxonMobil’s performance in safety, health, and environmental protection, as well as our contributions to economic and social development wherever we operate. The CCR contains information about our commitment to sustainability, and it includes detailed data on key citizenship performance metrics.
As the report shows, ExxonMobil continued to invest at record levels in 2010 – investments that not only produced more energy, but also made substantial economic contributions in countries around the world at a time when many other industries were reducing their investments. Overall, we invested more than $32 billion in capital and exploration expenditures in 2010 – a record for our company.
Energy safety was clearly a prominent issue in 2010, as the Deepwater Horizon incident in the Gulf of Mexico served as a tragic reminder of the need for all energy companies to consistently maintain industry standards for safety and operational integrity. The report shows that in 2010, ExxonMobil:
- Led a multi-company effort to build a new rapid-response marine well containment system for the Gulf of Mexico.
- Continued to reduce the number of injuries and illnesses incurred by our employees and contractors. In 2010, ExxonMobil’s lost-time incident rate was our lowest ever and has fallen by an average 9 percent a year since 2006.
- Recorded zero spills from any ExxonMobil owned and operated marine vessels, or from long-term chartered marine vessels.
Safety is one of six citizenship areas in which ExxonMobil tracks its performance. The CCR also shows our actions in corporate governance; environmental performance; managing climate change risks; economic development; and community engagement and human rights. Over the past year, ExxonMobil has:
- Improved energy efficiency across its refining and chemical operations, keeping us on track to meet our target of improving energy efficiency in these operations by at least 10 percent between 2002 and 2012.
- Achieved a 20 percent reduction in upstream hydrocarbon flaring from 2009 and nearly 60 percent reduction from 2006.
- Spent more than $812 million on materials and services from minority- and women-owned businesses based in the United States, a 36 percent increase since 2006.
- Contributed $237 million to community investments around the world through corporate, foundation, employee and retiree giving.
- Received a “10 out of 10″ rating from GovernanceMetrics International, putting ExxonMobil among the top 1 percent of companies rated.
While these are positive results, the challenge of providing the energy needed to maintain and improve quality of life while mitigating emissions continues to be critical – both for our company and for society. For example, new projects have led to an increase in our total GHG emissions, most of which have been offset through energy management and flare reductions.
And, while we maintained a leadership position in safety, we will not be satisfied until we achieve our goal of a workplace where Nobody Gets Hurt.
I welcome your comments and questions and invite you to download the full report at our citizenship website.