Summary by Moomoo AI
The Interfaith Center on Corporate Responsibility (ICCR), a coalition of over 300 institutional investors, has submitted written materials voluntarily under Rule 14a-6(g)(1) to address concerns regarding Exxon Mobil's management of climate-related financial risk. The ICCR criticized Exxon Mobil for characterizing their proposals as obstructive and detrimental to investor value in the company's 2024 proxy statement. The ICCR argues that Exxon Mobil's aggressive stance, including a lawsuit against shareholder proponents, represents an attempt to silence investors and avoid accountability for climate change management. Despite this, shareholder proposals, particularly on climate change, have received significant support, with some achieving majority votes. The ICCR emphasizes the importance of Exxon Mobil addressing climate risks and transitioning to sustainable energy, noting that shareholder engagement is a right and a crucial part of corporate governance.