Today we’re releasing our 16th annual report outlining our efforts in sustainability.
The report serves as a companion to our Summary Annual Report, Financial and Operating Review, Outlook for Energy and Energy and Carbon Summary and outlines our approach and performance metrics related to sustainability issues.
Our approach to sustainability focuses on six key areas:
- Corporate governance
- Safety, health and the workplace
- Managing the risks of climate change
- Environmental performance
- Community engagement and human rights
- Local development and supply chain management
In this year’s report, you’ll read about our continued efforts to develop lower-emission energy solutions, where we’ve invested more than $9 billion. Examples include our research into developing biofuels from algae or how we’re working on a new approach to carbon capture using fuel cells to dramatically reduce costs.
You’ll also learn about how we’re reducing emissions in our own operations including plans for methane emissions to drop 15 percent and flaring to be reduced by 25 percent by 2020.
These efforts are all part of addressing what we call the dual challenge – meeting the world’s growing energy demand while addressing the risks of climate change. We’re proud of what we do to underpin global economic growth and reduce emissions.
Our report details our work to advance sustainable economic development in countries where we operate, such as hiring national employees and using local suppliers. For instance, in 2017, 95 percent of our workforce in Chad, Indonesia and Nigeria were hired locally.
It also highlights our safety performance – including how we had the fewest recordable injuries in our history last year.
Let us know what you think. We welcome your feedback at exxonmobil.com/sustainabilityreport.