Corporate Social Responsibility Initiatives at ExxonMobil - The Good, The Bad and The Ugly

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Case Details:

Case Code : BECG102
Case Length : 18 Pages
Period : 1999-2009
Pub Date : 2009
Teaching Note :Not Available
Organization : ExxonMobil
Industry : Petrochemical
Countries : US

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"Together, we are helping build a brighter future by improving education, expanding knowledge, developing leaders, and driving progress in many countries around the world. We consider this award [2009 Opening Minds Corporate Leadership Award] as recognition of the great work we are accomplishing together and of the achievements still to come." ¹

- Rex W. Tillerson, Chairman and Chief Executive Officer, ExxonMobil Corporation, in September 2009.

"Given how large and influential Exxon is and that they are basically the last big industry climate skeptic standing, even small moves can have a very big impact." ²

- Andrew Logan, Climate Expert at Ceres³, in January 2007.

Introduction

On September 24, 2009, US-based ExxonMobil Corporation (ExxonMobil), the largest publicly traded petroleum and petrochemical company in the world, won the 2009 Opening Minds Corporate Leadership Award. The award was given by the Institute of International Education (IIE)⁴.

The award was given for ExxonMobil's global Corporate Social Responsibility (CSR) initiatives that aimed at improving education related to engineering, technology, math and science, and providing support to organizations to improve career opportunities for women.

Corporate Social Responsibility Initiatives at ExxonMobil - The Good, The Bad and The Ugly - Next Page>>

1] "ExxonMobil Honored for Commitment to Education and Corporate Social Responsibility," http://finance.yahoo.com, September 24, 2009.
2] "Exxon Cuts Ties to Global Warming Skeptics," www.msnbc.msn.com, January 12, 2007.
3] Ceres, a Boston, US-based national network of investors, environmental organizations, and other public interest groups working with companies and investors to address sustainability challenges such as global climate change. It was founded in 1989 (Source: www.ceres.org).
4] The Institute of International Education (IIE), an independent nonprofit organization, was founded in 1919. It is one of the world's largest and most experienced international education and training organizations (Source: www.iie.org).

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