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¶ … ExxonMobil invested in and assessed its corporate social responsibility?
In recent years, ExxonMobil (hereinafter alternatively "the company") has invested in a wide range of corporate social responsibility (CSR) initiatives (Batruch, 2011). For instance, in 2014, the company invested around $1 billion in research and technology development for existing and next-generation energy products and sources (CSR at ExxonMobil, 2015). In addition, besides remediating sites that are no longer used by the company, ExxonMobil also manages 7,200 acres of land exclusively for wildlife conservation and environmental awareness programs (CSR at ExxonMibil, 2015)
Where has the company invested?
Interestingly, many of the company's CSR initiatives have been focused on African nations, including ongoing efforts to combat infectious diseases such as the Ebola virus and promoting women's economic opportunities (CSR at ExxonMobil, 2015). In addition, the company, together with a joint partnership (the Nigerian National Petroleum Corporation) recently donated millions of dollars worth of engineering equipment to the University of Uyo (Nyong, 2015). Moreover, the joint venture partners also donated audio-visual equipment (three multimedia projectors, screens and accessories, nine laptops, and internet facilities) and textbooks to the university's School of Basic Medical Sciences (Nyong, 2015).
What assessment have they used to measure the effectiveness of their programs?
To their credit, and while the donations may not appear large given the enormity of the company, the report concerning the company's recent donation to the Nigerian...
For instance, one critic charges that even the information in the company's annual reports ignores what is damaging to ExxonMobil while highlighting everything positive the company has achieved. In this regard, Kaye (2011) points out that, "When you are as big as ExxonMobil, you will issue a sustainability or corporate social responsibility (report) on your own terms" (para.…
References
Batruch, C. (2011, April-June). Does corporate social responsibility make a difference? Global Governance, 17(2), 155-160.
CSR at ExxonMobil. (2015). ExxonMobil. Retrieved from http://read.uberflip.com/i/514689-ExxonMobil-2014-ccr-fullreport-digital-final?parentId=8ad09e0c-80e6-4bfa-a4b1-7aaba32d9e1b.
Fahey, J. (2014, April 1). Exxon: Highly unlikely world limits fossil fuels. The Charleston Gazette (Charleston, WV), 8.
Kaye, L. (2011, May 26).ExxonMobil beats its own (oil) drum in latest CSR report. Triple Pundit. Retrieved from http://www.triplepundit.com/2011/05/ExxonMobil-beats-oil-drum-latest-csr-report/.
Nyong, B. (2015, November 15). Corporate social responsibility: The Exxon-Mobil example. Diversity and Commerce. Retrieved from http://diversityandcommerce.biz/corporate-social-responsibility-the-ExxonMobil-example-p1142-170.htm.
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