Sustainability: ExxonMobil bows to investor requests for enhanced climate change disclosures

Exxon Mobil (NYSE:XOM) says it will provide more disclosure related to the potential impact of climate change on its business starting “in the near future,” according to a new SEC filing.

Exxon says its board “has reconsidered the proposal requesting a report on impacts of climate change policies that the New York State Common Retirement Fund submitted for the 2017 annual shareholders meeting,” and will further enhance its disclosures to include “energy demand sensitivities, implications of two degree Celsius scenarios, and positioning for a lower-carbon future.”