Investing in women, investing in success

Perspectives blog
Suzanne McCarron - Mar. 19, 2018

For International Women’s Day recently, the Energy Factor spoke with Professor Linda Scott of Oxford’s Said Business School about her new report on women’s economic empowerment.

Prof. Scott’s report emphasizes the critical role that private sector institutions can play in helping promote social progress through women’s economic activity. It details the positive multiplier effects that result from economically empowering women, along with the responsibility multinational corporations have to help drive this change. That’s something we take very seriously at ExxonMobil.

I encourage everyone to download and read Professor Scott’s report. It offers a detailed look at the contributions corporations like ExxonMobil can make.

Importantly, Prof. Scott makes clear that the real test of a corporation’s commitment can be seen in how seriously a business integrates women’s economic opportunities into its activities around the world. It’s one thing to talk about women’s economic empowerment. What really counts is whether the corporation can back up its rhetoric with specific investments in women.

We can. ExxonMobil has long worked to train and equip women-owned businesses for success – providing them with the tools to grow and compete in today’s global marketplace.

That’s a big feature of ExxonMobil’s Women’s Economic Opportunity Initiative. For the past several years, we have spent approximately half a billion dollars annually with more than 2,000 women-owned enterprises in our global supply chain in Nigeria, Canada, Indonesia, Mexico and beyond.

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