For the 14th year in a row, oil giant ExxonMobil’s shareholders have voted down a proposal that would have provided employment discrimination protections to the company’s LGBT employees.
The Dallas Voice reports:
Shareholders voted to reject a resolution, 81 percent to 19 percent, from the New York state comptroller calling for the company’s Board of Directors to add sexual orientation and gender identity/expression to the oil giant’s EEO policy. The 19 percent support for the resolution reportedly was the lowest ever.
George Wong addressed the shareholders on behalf of the New York State Common Retirement Fund. He presented the business argument that the company should recruit from and retain the widest possible talent pool. Failure to do that leads to less efficient business operations. Most Fortune 500 companies do have inclusive nondiscrimination policies including most other major oil companies, he said.
During general comments, no one else supported the nondiscrimination proposal.
ExxonMobil has the lowest score ever received by a company in the Human Rights Campaign’s Corporate Equality Index, scoring a -25 rating for rescinding LGBT discrimination protections and cancelling domestic partner health benefits when Exxon acquired Mobil in 1999.
Other oil companies, such as Chevron, BP, Shell and Spectra, have received scores of 85 or higher.