Report Jan. 5, 2021
Disclosures
Report Jan. 5, 2021
Disclosures
ExxonMobil is committed to providing its shareholders with disclosures that impart meaningful insights about its business, including how it manages climate-related risks. This report, along with the rest of its comprehensive set of disclosures relating to climate- related matters, follow the framework established by IPIECA, including IPIECA’s Climate Change Reporting Framework.1 This year’s report is also aligned with the core elements of the TCFD framework. IPIECA members represent a significant portion of the world’s oil and natural gas production, including state oil companies, and the organization is the industry’s principal channel of communication with the United Nations. A broad and global membership enables a reporting framework that is tailored to the petroleum industry and facilitates better comparisons of member companies on a more consistent and standardized basis.
Web links to our other various climate-related disclosures are highlighted below:
Enhanced Methane Emissions Reduction Program
Executive Compensation materials contained in current year proxy statement
Existing policy frameworks (including the Paris NDCs), financial flows, and the availability of cost-effective technologies indicate that society is not currently on a 2°C pathway. Should society choose to more aggressively pursue a 2°C pathway, the Company will be positioned to contribute through its engagement on policy, development of needed technologies, improved operations and customer solutions.
1 IPIECA climate change reporting framework: Supplementary guidance for the oil and gas industry on voluntary sustainability reporting. Published by IPIECA in 2017.
Related content
Developing and deploying scalable technology solutions
Energy and Carbon Summary Report • Jan. 5, 2021
Mitigating emissions in Company operations
ExxonMobil has a robust set of processes to improve energy efficiency and mitigate emissions, including programs focused on reducing methane emissions, flaring and venting. These processes include, where appropriate, setting tailored objectives at the business, site and equipment level, and then stewarding progress toward meeting those objectives. This rigorous approach is effective to promote efficiencies and reduce greenhouse gas emissions in operations while striving to achieve industry-leading performance.Energy and Carbon Summary Report • Jan. 5, 2021
The Energy & Carbon Summary is aligned with the core elements of the TCFD framework
ExxonMobil's Energy & Carbon Summary is aligned with the core elements of the framework developed by the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), designed to encourage the informed conversation society needs on these important issues.Energy and Carbon Summary Report • Jan. 5, 2021
Executive summary
ExxonMobil has a long history of responsibly meeting society‘s evolving need for energy in a reliable and sustainable manner. With a longstanding commitment to investments in technology and the ingenuity of its people, the Company is well positioned to continue to provide the energy that is essential to improving lives around the world, while managing the risks of climate change.
Energy and Carbon Summary Report • Jan. 5, 2021
Scope 3 emissions
ExxonMobil has publicly reported the Company’s Scope 1 and Scope 2 greenhouse gas emissions data for many years. The 2025 emission reduction plans are based on Scope 1 and Scope 2 emissions and are projected to be consistent with the goals of the Paris Agreement.Energy and Carbon Summary Report • Jan. 5, 2021
Governance
Strong governance is essential to the long-term viability of ExxonMobil's business. Within the Company's robust governance framework, a rigorous risk management approach is applied to identify and address risks associated with its business, including the risks related to climate change.
Energy and Carbon Summary Report • Jan. 5, 2021