Exxonmobil Stakeholders and Its Analysis

Stakeholders How does ExxonMobil Chemicals involve its stakeholders in decisions? Discussions with communities in the initial stages of a project permits ExxonMobil to recognize opportunities as well as concerns and develop efficient measures of management in the planning stage of the project. By striving to evade or lessen as much issues as possible at the start, the company is able to prevent project interruptions, delays, minimize expenditures, and also avoid the growth of issues.

The community awareness programs and government relations are controlled by ExxonMobil's Best Practices in External Affairs (BPEA). Guaranteeing mutual understanding, respect as well as trust in the firm's stakeholder relationships, imply that interested parties are represented as contracts are developed. It also assists the company to create useful relationships with the stakeholders that can offer significant contribution into the decision-making procedure, over the long-term. Once a project begins, ExxonMobil offers local people and groups, a communication channel for airing and resolving issues without fear of vengeance.

In 2012, the firm approved and put into practice an Upstream Socioeconomic Management Standard for Projects. This particular Standard is structured to assist ExxonMobil recognize possible socioeconomic concerns and threats early in the Upstream project life cycle to create and apply suitable prevention and avoidance, control, alleviation, compensation, and supervising measures. The Standard also states various expectations, which are meant to be applied, founded on the identification of significant socioeconomic threats, such as indigenous individuals, openness and corruption, economic growth, and human rights, among others (Business & Human Rights Resource Centre, 2015).

What has been your experience? Being a member of one of the communities that are affected by the activities of ExxonMobil, I have experienced several engagements with the company. Firstly, the company has accommodated members of my community with consideration of the varied dialects. Accommodation of different dialects has ensured that not only the company's communication to the community is effective, but also that of the representation of all community members.

We have also been attending, among others, community forums, school meetings and road shows that ExxonMobil organizes to communicate to us. Through these engagements, we have learned the main messages the company communicates, such as safety and environmental conservation (ExxonMobil Corporation, 2014, p. 55). Additionally, many members of my community successfully resettled through the settlement program that ExxonMobil undertakes. These households receive adequate company's monitoring that ensures that their standards of living are restored.

One of the strategies that the company has placed to implement the livelihood restoration of the resettled families is by using local workforce. Training programs that the company has established help the newly employed people of my community to develop their technical as well as professional skills (ExxonMobil Corporation, 2014, p. 56). ExxonMobil's benefit programs are an essential segment of a total remuneration package meant to support its long-term business aims, in addition to luring, maintaining, and also rewarding the most qualified workers.

Guaranteeing access to reasonably priced health care assists workers manage health care concerns and minimize financial worries. The levels of funding of qualified pension plans abide by the relevant regulations or laws. The company offers retirement benefits, which support its long-term career orientation and business designs (ExxonMobil Corporation, 2014, p. 19). What do stakeholders report? The stakeholders report on a range of topics, and depending on the frequency of their appearance in the reports, the company uses them to prioritize its operations.

They report on, among others, safety, health and the workplace, business operations, environmental performance, and community and social impact. These topics have further specific topics that are integrated in them, depending on the nature of the report. For instance, under the report on community and social impact, there are other reports on external stakeholder engagement, community relations, and indigenous people (ExxonMobil Corporation, 2014, p. 70). Since 2009, ExxonMobil has involved an External Citizenship Advisory Panel (ECAP) to give a yearly, independent review of the corporate citizenship activities of the company.

Members of ECAP are professionals in environmental and social subjects and are leading scholars, nongovernmental organization (NGO) agents, and past government workers. Every year, the ECAP reviews an early draft of the ExxonMobil's 2014 report and gives response that we assess and integrate into the report as suitable (ExxonMobil Corporation, 2014, p. 8). How do the reports of the different stakeholder groups differ? Reports of different stakeholder groups differ. For instance, employees report on health and wellness, diversity, benefits, safety, and development opportunities.

Customers report on expanding local supply network, product sustainability, and community development. Nongovernmental organizations, on the other hand, report on governance practices, taxes and biodiversity. Evidently, the main cause of the differences in the reports of different stakeholders groups is the different topics that each group reports (ExxonMobil Corporation, 2014, p. 7). The outlook of ExxonMobil for energy and all reliable predictions, foresee carbon-based fuels shall continue to satisfy around three-quarters of the global energy needs through 2040.

For instance in 2012-2013, the company collaborated with the United Nations Foundation to develop a roadmap for the promotion of women's economic empowerment. This report that reviewed the results of 18 research studies, discovered the most efficient.