For 135 years, ExxonMobil has been built on strong business fundamentals, including operational excellence, technology leadership, financial discipline and a world-class workforce. These strengths have enabled us to safely and reliably deliver energy to our customers and value to our shareholders, even in the low-price environment that our industry has experienced recently. We are committed to doing what is in the best interests of our company and society. This requires us to remain focused on safety, environmental performance, community engagement and corporate governance.
I am pleased to share ExxonMobil’s 2016 Corporate Citizenship Report, which details our performance and commitments in several key areas. As you will read, we continue to apply a rigorous, results-oriented approach to corporate citizenship in our business.
Our efforts to protect the safety and health of our employees, contractors and communities are at the heart of what we do every day. We strive to ensure Nobody Gets Hurt. We are proud to be an industry leader in safety culture and performance. In 2016, we achieved our best-ever workforce lost-time incident rate of 0.029 incidents per 200,000 work hours, an improvement of more than 80 percent compared to our performance in 2000.
As we provide the energy to meet growing needs around the world, we are also working to manage the risks of climate change. Climate change risks warrant action by businesses, governments and consumers, and we support the Paris Agreement as an effective framework for addressing this global challenge.
For our part, ExxonMobil continues to take action to mitigate our emissions and help consumers lessen their greenhouse gas impact. Since 2000, our investments to develop lower-emission energy solutions totalled about $8 billion. We are deploying technologies such as cogeneration and carbon capture and storage while researching next-generation energy sources such as algae biofuels. Continued research in technological breakthroughs will be critical to managing future environmental and climate change risks.
As a science and technology company with more than 2,200 Ph.D. scientists, we will continue pursuing technologies that benefit both our company and society. Through our research organisation, I have seen the transformative power of innovation — I believe it is vital to achieving progress.
We also value our long-standing relationships with communities and host governments worldwide. We work to enhance the social benefits from our operations, placing an emphasis on hiring qualified local workers and supporting a variety of strategic community investments. In 2016, we contributed $242 million to communities around the world.
I am proud of ExxonMobil’s corporate citizenship performance, and I look forward to building upon our progress to secure an even stronger future for our company and the society we serve.
We welcome feedback from all of our stakeholders at exxonmobil.com/citizenship.
Chairman and CEO