Exxon Mobil Corporation (NYSE:XOM) improved its environmental, economic
and social performance while continuing to supply energy necessary for
economic growth and improved living standards, the corporation said
today in its 2007 Corporate Citizenship Report. The report details how ExxonMobil reduced greenhouse gas emissions, led
the industry in worker safety and oil-spill prevention, and contributed
more than eight times its earnings -- a record $336 billion -- to
economies around the world through taxes and purchases of goods and
services. "We are proud of our financial and operating
results, but we are equally proud of our culture of integrity and
commitment to act in a safe and responsible manner towards employees
the environment and local communities," said
Rex W. Tillerson, chairman and chief executive officer. "How we achieve our results is every bit as
important as the results themselves." ExxonMobil is working on technologies with the potential for near-term
impact on greenhouse gas emissions, while at the same time looking for
breakthrough technologies for the future. Near-term initiatives include:
Investing more than $100 million on improving natural gas treating
technology, which could reduce costs for carbon capture and storage.
Working with manufacturers of automobiles and commercial industrial
vehicles to increase fuel economy by as much as 30 percent.
Helping to enable the next generation of lower-emission hybrid and
electric vehicles through the development of new film technologies to
greatly enhance the power, safety and reliability of lithium-ion
batteries.
Conducting research and development of an on-vehicle hydrogen
production system, which has the potential to improve vehicle
efficiency by up to 80 percent while improving safety and eliminating
the need for a hydrogen distribution infrastructure.
Longer-term initiatives include:
Conducting internal research and supporting academic research to
accelerate development of commercially viable energy technologies to
lower emissions on a global scale -- such as hydrogen production
storage and use; biomass and solar energy; carbon dioxide capture and
storage, and advanced transportation and coal technologies.
Partnering with the European Commission to study carbon capture and
storage in the CO2ReMoVe program, a research initiative to establish
scientific monitoring systems and determine the reliability of
geological carbon dioxide storage.
The Corporate Citizenship Report details ExxonMobil´s
commitment in five areas "“ environmental
performance, workplace, corporate governance, transparency and human
rights and community development. The report is available at www.exxonmobil.com. Other highlights include:
A record low rate of lost time safety incidents for the company´s
combined employee and contractor workforce, continuing ExxonMobil´s
industry-leading safety record.
Industry-leading oil spill prevention results, including no spills
from ExxonMobil-operated marine vessels for the third consecutive year.
Community investment spending of more than $206 million, which
included $12.4 million in grants through ExxonMobil´s
Africa Health Initiative and more than $6 million through the company´s
Educating Women and Girls Initiative. In addition, ExxonMobil became a
founding sponsor and committed $125 million to the National Math and
Science Initiative as part of the corporation´s
continued commitment to math and science education.
The Corporate Citizenship Report was prepared in accordance with the
reporting guidelines and indicators of the International Petroleum
Industry Environmental Conservation Association and the American
Petroleum Institute Oil and Gas Industry Guidance on Sustainability
Reporting. The majority of these indicators are also consistent with
the indicators used by the Global Reporting Initiative in the G3
Sustainability Reporting Guidelines Version 3.0.
