US - Discrimination based on sexual orientation has been challenged by the New York City pension funds in a shareholder resolution to ExxonMobil.
At the company's annual meeting, the resolution received 39.6% support, up from 37.7% last year. This was the ninth time the resolution was voted upon by shareholders, and Thompson vowed to resubmit it next year.
He said: "By barring discrimination based on sexual orientation, ExxonMobil would join industry peers in improving working conditions for its employees.
"The New York City pension funds, however, remain steadfast in their belief that change is needed at ExxonMobil to establish equal rights in the workplace, and will continue their efforts to gain that equality."
The New York City Employees' Retirement System (NYCERS), New York City Teachers' Retirement System (TRS), New York City Police Pension Fund, New York City Fire Department Pension Fund, and New York City Board of Education Retirement System were all behind the resolution.
ExxonMobil does not explicitly prohibit discrimination based on sexual orientation in its equal employment opportunity policy, while industry peers - such as Amerada Hess, BP, ChevronTexaco, ConocoPhillips, Marathon Oil, Occidental Petroleum, Shell Oil, and Sunoco - do, according to the Human Rights Campaign (HRC).
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).