As the nation and our Company prepare for and participate in a transitioning energy economy, our Company should
play a role to in helping to provide security for impacted workers and communities where our Company operates.
2024 Proxy Statement 91
7 h.t.t.ps:/l/w.w.w.exxonmobilchemical.com/en/resources/library/library-detail/110631/first_circularity_center_en
8 h.t.t.ps:/l/w.w.w.oecd.org/coronavirus/en/data-insights/plastic-waste-management-challenges
10 h.t.t.ps:/l/w.w.w.exxonmobilchemical.com/en/exxonmobil-chemical/sustainability/advanced-recycling-technology/massbalance-attribution
12 h.t.t.ps:/l/w.w.w.exxonmobilchemical.com/en/exxonmobil-chemical/sustainability/advanced-recycling-technology/carbon
13 h.t.t.ps:/l/iea.blob.core.windows.net/assets/9a698da4-4002-4e53-8ef3-
631d8971bf84/NetZeroRoadmap_AGlobalPathwaytoKeepthe1.5CGoalinReach-2023Update.pdf 14 h.t.t.ps:/l/w.w.w.energy.gov/eere/vehicles/lightweight-materials-cars-and-trucks
15 h.t.t.ps:/l/w.w.w.americanchemistry.com/chemistry-in-america/news-trends/press-release/2023/report-more-plastics
-used-in-automobiles-improving-fuel-efficiency-safety-and-performance 16 h.t.t.ps:/l/corporate.exxonmobil.com/sustainability-and-reports/sustainability
17 h.t.t.ps:/l/corporate.exxonmobil.com/sustainability-and-reports/advancing-climate-solutions
Our Company’s Chairman and CEO Darren W. Woods has personally signed the Business Roundtable’s Statement on
the Purpose of a Corporation which affirmed our Company’s commitment to serve all stakeholders, including
‘investing in our employees’ and ‘supporting the communities in which we work.’
(h.t.t.ps:/l/opportunity.businessroundtable.org/ourcommitment/)
UN PRI’s Statement of Investor Commitment to Support a Just Transition on Climate Change states that ‘the
responsible management of workforce and community dimensions of climate change are increasingly material drivers
for value creation.’ (h.t.t.ps:/l/w.w.w.unpri.org/download?ac=10382)
In the International Labour Organization’s (ILO) 2015 Guidelines for a Just Transition towards Environmentally
Sustainable Economies and Societies for All, the ILO emphasizes that the transition to environmentally sustainable
economies and societies involves ‘the pivotal role of employers’ and ‘anticipating impacts on employment, adequate
and sustainable social protection for job losses and displacement, skills development and social dialogue, including
the effective exercise of the right to organize and bargain collectively.’ (h.t.t.ps:/l/w.w.w.ilo.org/wcmsp5/groups/public/
@ed_emp/@emp_ent/documents/publication/wcms_432859.pdf)
In its Advancing Climate Solutions 2023 Progress Report, the Company stated that it plans to invest more than $17 billion
from 2022 to 2027 to reduce emissions through carbon capture and storage, hydrogen and biofuels. (h.t.t.ps:/l/
corporate.exxonmobil.com/climate-solutions/advancing-climate-solutions-progress-report) This investment needs to be
accompanied with disclosure of time-bound, measurable indicators for meaningful engagement with key stakeholders.For these reasons, it is imperative that the Board creates the proposed report as a first step towards understanding
and mitigating the impact of future plant closings and energy transition on workers and communities where the
Company operates.