26 May '11, 9am

ExxonMobil Beats Its Own (Oil) Drum in Latest CSR Report

ExxonMobil Beats Its Own (Oil) Drum in Latest CSR Report

As far as dotting the I’s and crossing the T’s, ExxonMobil submitted a detailed CSR report. The company’s critics will lash out at the company and assail ExxonMobil for what they believe its executive team did not do. The tone and structure of the report, however, is similar to most CSR disclosures in existence. Those who object to ExxonMobil’s practices can always turn to proxy resolutions, but those are an uphill battle. Shareholders who want the company to do more on water policy or wetlands restoration may be disappointed that their “yes” votes did not exceed 10%, but they still did better than other resolution: to have the company reincorporate in North Dakota, where legislators passed an incorporation law designed to be more shareholder friendly than the laws in Delaware. One fact is transparent throughout the report: ExxonMobil is an oil company and does not pretend...

Full article: http://www.triplepundit.com/2011/05/exxonmobil-beats-oil-...

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