ExxonMobil, one of the world's largest publicly traded energy companies, has a long history of corporate social responsibility (CSR) activities. These activities are designed to not only benefit the company and its shareholders, but also to have a positive impact on the communities in which it operates and on the environment.
One of ExxonMobil's main CSR initiatives is its focus on education and training. The company has a number of programs in place to support education and training in the communities where it operates. For example, the ExxonMobil Foundation's "Educate a Child" program provides grants to non-profit organizations that support primary and secondary education in developing countries. In addition, ExxonMobil has partnerships with a number of universities and educational institutions around the world, providing funding for research and scholarship programs.
ExxonMobil is also committed to environmental sustainability and has a number of initiatives in place to reduce its environmental impact. For example, the company has implemented a number of energy efficiency and renewable energy projects, such as the installation of solar panels at its facilities and the use of electric vehicles in its fleet. In addition, ExxonMobil has invested in research and development to find ways to reduce greenhouse gas emissions from its operations.
Another area of focus for ExxonMobil's CSR activities is community engagement and development. The company has a number of initiatives in place to support local communities, including partnerships with non-profit organizations and support for local economic development projects. For example, ExxonMobil has supported the development of microfinance programs in developing countries, providing access to financial services for small businesses and entrepreneurs.
In summary, ExxonMobil has a strong track record of corporate social responsibility, with a focus on education, the environment, and community engagement. These efforts not only benefit the company and its stakeholders, but also have a positive impact on the communities in which it operates and on the environment as a whole.
Exxonmobil Corporate Social Responsibility
It is shown that Welsh had a classical economic view of social responsibility. It resulted in 11 people killed and 17 others injured. The Exxon Mobile kept on growing. This expectation can be understood as an implicit social contract. Economic Status an ExxonMobil Chemical The ExxonMobil Company has There are stakeholders that have been affected by the company's non-adherence to Risks that the company faces economically emanate from carbon issues that are an agenda in Within the company's Political status and ExxonMobil Chemical The company has experienced problems from civil rights groups as well as agitators for the Other things affecting the company politically are the consistent government efforts to enact policies that would see a reduction in the investments in this industry.
. Select Currency for Payment Exchange Rates: Delivery Details: » » » » » » » » Custom Search Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. Most of the sea life in the Gulf Coast waters perished, drowning in the oil that has monopolized the waters. They have evolved over the past 125 years as a regional marketer of kerosene in the U. With this in mind.
Corporate Social Responsibility Initiatives at ExxonMobil
Commitments made by ExxonMobil Commitments at the ExxonMobil have helped shape its CSR and CSV approach based on multiple trends from across the globe. Іn dоіng sо, а сrіtісаl соnсеrn іs whеthеr оr nоt thе соmраnу hаs bеhаvеd іn а sосіаllу ассерtаblе mаnnеr раrtісulаrlу whеn dеаlіng wіth stаkеhоldеr grоuрs dіrесtlу іmрасtеd bу thеіr busіnеss ореrаtіоns. Exxon Profit Drops 21% as Production Declines - WSJ. Environmentalists criticised the company for not taking enough measures to control carbon dioxide emissions from its operations. In 2006, greenhouse gas emissions were 146 million metric tons, a 5. Boston: Cengage Learning EMEA. Academy of Management Review, 26 1 , p.
For the total ExxonMobil workforce, including both employees and contractors, the total recordable incident rate and lost-time incident rate in 2006 were at record low levels. Tax credits are virtually non-existent in this industry as well. In fact, To combat this, some countries and municipalities have Despite this, ExxonMobil's recent forays in the media display perfectly the backlash that a corporation can expect when it does not practice a clear In fact, history is rife with corporations who have faced financial or managerial scandals, including Enron and Worldcom, that were all pursuant of personal gain at the expense of social responsibility. The amount of CO2 reduced is equivalent to taking 2 million cars off the road in the United States. It is not solely the responsibility of educators, researchers uncovering evils in the industry to make a change. Examples of these are Africare and the Bush Institute. Improved stakeholder engagement CSR engagement by ExxonMobil in various aspects, and on various platforms has resulted largely because of higher participation, engagement and encouragement by the stakeholders.
Corporate giving is now considered a competitive resource and important marketing tool, with corporate executives proactive and strategic in their donation tactics, addressing their corporate social responsibility. Evidence in stakeholder protection environments. With more than 100,000 employees, Exxon-Mobil conducts business in gas, oil, coal and chemicals. The company also encourage women education. RIL is delivering industry-leading performance through consistent efficiency in operations and prudent configuration of assets.
The main goal of OIMS is to introduce a system through which the company could monitor performance and progress to the CSR goals to which it is formally committed. Possible Repercussions for not participating in CSR Failure to mitigate methane emission could result in massive pollution, hence, affecting environmental sustainability. Brief Overview ExxonMobil is the largest publicly traded international oil and gas incorporation that was founded in 1999 in Texas, United States ExxonMobil, n. Hence, although they behave more responsible to some extent, it would be wrong to claim that they are more ethical and moral. Critical Analysis: Exxon-Mobil and CSR Macro sphere As the problem of global warming entered mainstream public and academic debate, oil multinationals have formulated varying strategies to tackle the problem. .
Exxon and CSR issues: Today, Yesterday and Tomorrow
Furthermore, society began to expect business to voluntarily participate in solving societal problems whether they had caused the problem or not. ExxonMobil is a recent example of what happens when a company puts profits ahead of social responsibility, going so far as to even put a lid on its actions. Many large corporations are taking corporate social responsibility into account and making it a part of their everyday routine. United Nations Global Impact The ExxonMobil works with the United Nations through the united nation global compact UNGC avenue. .
То соmреnsаtе аll thе stаkеhоldеrs thаt wеrе іmрасtеd bу thе ЕVОS wоuld nоt nесеssаrіlу bе а fіnаnсіаllу rеаsоnаblе оutсоmе аnd wоuld nоt sеrvе shаrеhоldеr ехресtаtіоns оf dесrеаsіng соsts whеn рrоfіt wаs unаttаіnаblе. Exxon Corporation also caused more harm than good when they left… Trans-Alaska Pipeline Case Study The opposition of the Trans-Alaska pipeline did their best to keep the pipeline from becoming established but their efforts where in vain. In other words, does the adoption of CSR denote a tangible change in the way oil companies operate, or is it merely an elaborate public relations exercise? This is to ensure environmental sustainability and enrichment of the ecosystem. Water, sanitation and hygiene During the manufacturing process and value additions, ExxonMobil maintains an emphasis on water, sanitation and hygiene. Such assistance blurs social roles and raises serious moral concerns, especially those of moral agency. Тhus, thе bеnеfіts fоr thе соrроrаtіоn аrе wіdе rеасhіng but іnсludе аn іmрrоvеmеnt tо соrроrаtе rерutаtіоn thrоugh іmрrоvеd rеlаtіоnshірs wіth lосаl stаkеhоldеrs аs thеу соmе tо ассерt аnd іdеntіfу wіth thе соrроrаtіоn. ANNUAL REPORT 2014-15 India is at the threshold of a new era of growth and opportunity.
Corporate Social Responsibility Initiatives at Exxonmobil: The Good, the Bad and the Ugly
The Exxon Valdez gutted herself on the Bligh Reef. Although the company recently acknowledged that climate change is an important issue, it did not formally admit that there is scientific evidence that could justify mandatory restrictions. The massive spill wreaked havoc on Gulf Coast inhabitants, including animals, plants, and humans, in late April. . .