For more than a century, the products provided by the energy industry have been essential to lifting people out of poverty and sustaining and advancing modern society.
But there’s more to our work than just the products we offer.
To quote our Chairman and CEO Rex Tillerson: “We strive to be responsible corporate citizens, and our success along that path is underpinned by our leading technological expertise, operational excellence, safety performance, and unwavering ethical standards.”
Each year we produce a report that details our ongoing corporate citizenship efforts. The most recent version is now available, and I encourage readers to see how we’re doing.
The report covers a number of areas, from safety and environmental performance to community engagement and investment.
A couple of points merit special mention.
In terms of managing climate change risks, we’ve succeeded in reducing flaring by 50 percent in the past decade, while driving a 10 percent improvement in energy efficiency in refining and chemical manufacturing. Last year, our efforts led to a cumulative 10.9 million metric ton reduction in greenhouse gas emissions from our operations.
We also continue to make investments in the communities where we live and work. In 2013 alone, we directed $100 million toward education initiatives worldwide, which included $38 million specifically for math and science education in the United States. We spent additional millions promoting women as catalysts for economic development in more than 90 countries, as well as helping in the fight against malaria in Africa and Asia.
In addition, we made $209 billion in direct economic contributions to the global economy, including $91 billion in taxes and duties. And these estimates do not include our broader, indirect economic contributions, like sustaining small businesses and suppliers and creating manufacturing and service jobs.
ExxonMobil’s Corporate Citizenship Report explores these topics and many others in detail. It also includes case studies that dive deep into four key issues:
- Preventing and mitigating environmental impacts in the Arctic
- Responsible water management
- Unconventional oil and gas development
- Advancing the environmental, socioeconomic, and health impact assessment process
I will have more to say about these topics in the coming weeks. In the meantime, I encourage you to download and read the report for yourself.