Strategic Initiative Paper
FIN/370
6/22/2015
Richard Tappe
Strategic Initiative Paper
Exxon Mobil Corporation is a producer of natural energy as well as an international trading company that uses a strategic planning initiative to minimize the environmental impact of production while maintaining financial security. Reducing pollution subsequently increases the wellbeing of the environment and each step of the food chain. Minimizing pollution requires a great deal of funds, so it is absolutely vital that the monetary needs are calculated into the financial plans. Analysis needs to be done constantly to understand the demand that needs to be supplied. There have been some ethical concerns with Exxon over the years but they claim to be striving for greener production methods and materials.
The Initiative
Exxon Mobil Corporation’s Annual Report for 2014 clearly identifies the initiative. Exxon’s strategic plan is its blue print for future plans to maintain economic growth and sustainability of the company. Using the company’s current financial data and projected growth, the plan provided goal and initiatives to be met in future years. Within the report Exxon identified the protection of the environment and climate as an ongoing initiative.
Effects of the Initiative
As a leading producer of the world’s natural energy source, Exxon Mobil is dedicated to “balancing the economic growth, social development and environmental protection so that future generations are not compromised by the actions taken today”. (Exxon Mobil Corporation, 2015). Protecting the local environment and local community is of equal importance to protecting the workforce, equipment and product. By reducing environmental impacts in the manufacture, distribution, and use of Exxon’s products, the life of the world’s resources will be extended over a long term. In order to protect the environment, Exxon Mobile constantly seeks new ways to reduce greenhouse gas emissions...