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

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 April 23, 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 April 23, 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 April 23, 2021