Management systems

Sustainability reporting Eleven elements of OIMS Performance Overview

Good governance is essential for creating an economic climate conducive to large-scale investments — leading to the long-term viability of business and the economic development of the communities where we operate. Our disciplined approach and long-standing commitment to corporate governance have contributed to our continued success during the global recession of 2009.

Management systems
ExxonMobil complies with all applicable laws and regulations, and where laws and regulations do not exist, we maintain the use of our high standards. Our commitment to high ethical standards, legal compliance, and integrity is reflected in our global policies and practices. The metrics we track and report demonstrate how effective our management systems are at guiding our performance. Our management systems enable us to comply with new regulations efficiently, providing us with a competitive advantage.

Standards of Business Conduct
ExxonMobil’s culture of compliance is embedded in our Standards of Business Conduct. No one at ExxonMobil has the authority to make exceptions or grant waivers with respect to compliance with our Standards. The Standards consist of guiding principles, 16 foundation policies, and open-door communication procedures. While we are not a signatory of the United Nations Global Compact, its values regarding human rights, labor standards, the environment, and anti-corruption are embedded in the Standards.

Control systems.
Our System of Management Control Basic Standards defines the basic principles, concepts, and standards that drive our business controls. Our Controls Integrity Management System provides a structured approach for assessing financial control risks, establishing procedures for mitigating concerns, monitoring conformance with standards, and reporting results to management. Our financial controls meet or exceed the requirements of the Sarbanes-Oxley Act and the New York Stock Exchange (NYSE) listing standards. An independent assessment by PricewaterhouseCoopers LLP concluded that our internal controls system is effective. Regular self-assessments and audits ensure our controls and standards are implemented by every operating unit.

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Industry-wide sustainability reporting

We are actively involved in an industry-wide effort to update the IPIECA Oil and Gas Industry Guidance on Voluntary Sustainability Reporting. This industry guidance document will help companies develop a strategic approach to sustainability and the management of material issues. It also provides a series of social and economic, environmental, and health and safety performance indicators, which can help to improve the comparability of nonfinancial reporting across companies. We expect the updated Guidance will be ready for use in 2011.

Operations Integrity Management System.
We introduced our Operations Integrity Management System (OIMS) in 1992. Today, it provides a set of expectations embedded into everyday work processes at all levels of the organization and addresses all aspects of managing safety, health, security, environmental, and social risks at our facilities worldwide. It is designed to identify hazards and manage risks inherent to our operations and associated with the full life cycle of projects.

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Eleven elements of Operations
Integrity Management System (OIMS)

The overall effectiveness of OIMS is reviewed every five years and enhanced accordingly. As a result, OIMS has gradually evolved to enhance behavior-based safety, leadership, security, environmental aspects, and community involvement. Lloyd’s Register Quality Assurance, Inc. (LRQA) has reviewed our ongoing performance and has attested that OIMS meets the requirements of the standard for environmental management systems (ISO 14001:2004) and the Occupational Health and Safety Assessment Series for health and safety management systems (OHSAS 18001:2007).