Safety in our operations
Sound corporate governance requires clear expectations of high ethical standards and integrity in all business activities and investment decisions. ExxonMobil’s ethics and high standards of business conduct allow us to operate in an economic climate where large-scale investments support our longterm business and contribute to the communities where we operate.
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.
ExxonMobil’s System of Management Control Basic Standards defines essential principles and concepts that drive our business controls. Our Controls Integrity Management System is designed to assess and measure financial control risks, including procedures for mitigating concerns, monitoring compliance with standards, and reporting results to the appropriate operations and management groups within ExxonMobil. These company-wide financial controls meet or exceed the requirements of the Sarbanes-Oxley Act and NYSE listing standards. PricewaterhouseCoopers LLP conducted an independent assessment that determined our internal controls system is effective for financial reporting. Regular self-assessments and audits help ensure that every operating unit consistently implements our controls and standards.
Operations Integrity Management System.
The Operations Integrity Management System (OIMS) establishes common expectations for addressing safety, security, health, environmental, and social risks. OIMS provides a systematic, structured, and disciplined approach to measure progress and track accountability across business lines, facilities, and projects. We evaluate opportunities to improve the OIMS Framework every five years and make regular upgrades and adjustments. In 2011, Lloyd’s Register Quality Assurance, Inc., reviewed our ongoing performance and attested that OIMS is consistent with the standard on environmental management systems of the International Organization for Standardization (ISO 14001:2004) and the Occupational Health and Safety Assessment Series for health and safety management systems (OHSAS 18001:2007).