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.

Report Jan. 5, 2021

The Energy & Carbon Summary is aligned with the core elements of the TCFD framework

TCFD core elements and recommended disclosures 

ExxonMobil disclosures
(PDF pages) 

Governance

 
 a. Describe the Board’s oversight of climate-related risks and opportunities.  Pages 5 -10, 39 - 40
 b. Describe management’s role in assessing and managing risks and opportunities.   Pages 5 -10, 39 - 40

Strategy

 
 a. Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term.  Pages 11 - 32
 b. Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.  Pages 11 - 32
 c. Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C  or lower scenario.  Pages 11 - 32

Metrics and targets

 
 a. Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.  Pages 33 - 38
 b. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 GHG emissions, and the related risks.  Pages 33 - 38, 43
 c. Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.  Pages 33 - 38

Risk management

 
 a. Describe the organization’s processes for identifying and assessing climate-related risks.  Page 39 - 40
 b. Describe the organization’s processes for managing climate-related risks.  Page 39 - 42
 c. Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management.  Page 39 - 42

Related content