Notice of Exempt Solicitation. Definitive Material. (px14a6g)
May 15 2023 - 9:09AM
Edgar (US Regulatory)
RE: Support Item 16 Energy Transition Social Impact Report
Dear ExxonMobil shareholders:
The United Steelworkers (USW) urges you to vote FOR Item 16 which requests
that the Board of Directors create a report regarding the social impact on workers and communities from closure or energy transition of
the Company’s facilities, and alternatives that can be developed to help mitigate the social impact of such closures or energy transitions.
According to ExxonMobil’s 2023 Advancing Climate Solutions Progress
Report, the company intends to invest approximately $17 billion on lower-emission initiatives from 2022 through 2027 focusing on carbon
capture and storage, hydrogen, and biofuels.
The shifting energy landscape is already having immense impacts on
workers and their communities. In some cases, it resulted in as much as 75% job loss, leaving a significant number of workers behind.
This level of uncertainty means ExxonMobil needs to plan robust worker
and community engagement in order to lay out a roadmap for mitigating negative impact with measurable success.
In its “Investing in People” report, ExxonMobil narrates
its commitment to invest in people for long-term careers and provide meaningful opportunities for employees to continuously develop the
skills and capabilities necessary to succeed and achieve their potential.
While ExxonMobil’s Sustainability Report discusses its approach
to human rights and socioeconomic management, these current reports outline existing mechanisms that do not specify how the company would
address the wider impacts of decarbonization on workers or communities and alignment with commitments made in “Investing in People.”
As ExxonMobil begins to convert, transition or sell its operations,
it will be essential to engage with workers and community leaders to consider the impacts on all stakeholders and lay out a roadmap for
mitigating negative impacts with measurable success.
This means not only preserving as many existing jobs as possible, but
also employing current energy workers in new roles and equipping them with the skills necessary to succeed, as well as ensuring the jobs
of the future are good, family sustaining jobs.
When changes do result in lower employment, shareholders and corporate
executives need to put in place vigorous safeguards to protect workers and their communities, including a bridge to retirement for older
workers, robust health care supports to ease workers’ transition and skills training that will facilitate reemployment in other
industries.
This is not a solicitation of authority to vote
your proxy. Please do not send us your proxy card.
This all begins with a credible assessment of social impact that draws
on the perspectives of workers themselves and their communities. The reporting should include time-bound indicators and metrics for investors
to measure success.
The USW urges you to vote FOR Item 16.
Please contact Sabrina Liu at sliu@usw.org or 412-562-2482 with any
questions.
About the USW - The USW represents 850,000 workers in North America
employed in many industries that include metals, rubber, chemicals, paper, oil refining and the service and public sectors. The USW is
a shareholder in ExxonMobil Corporation and represents more than 2,000 members at ExxonMobil facilities.
Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated
under the Securities Exchange Act of 1934. Submission is not required of this filer under the terms of the Rule but is made voluntarily
in the interest of public disclosure and consideration of these important issues.
This is not a solicitation of authority to
vote your proxy. Please do not send us your proxy card.
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