We have made multibillion-dollar capital investments to sustain our operations as part of our commitment to safety, reliability, preventive equipment maintenance and environmentally responsible operations for our refineries. We have formal processes and monitoring systems designed to protect our people, our communities and the environment. We initiate mitigation actions when environmental events are identified.

Valero is focused on being the safest and most reliable operator in our industry. As part of this strategy we will continue our efforts to:

• Focus on safety, reliability and operations excellence to deliver products essential to life
• Strive to reduce emissions, increase efficiency and invest in opportunities that improve our environmental stewardship
• Execute a long-term strategy that addresses shifting consumer needs under a changing policy and technology landscape
• Lead the industry in low-carbon renewable fuels, regularly evaluating opportunities to expand production
• On track to achieve the 2035 GHG emissions target
• Large-scale production capacity of renewable diesel, renewable arctic diesel, renewable naphtha, renewable propane, ethanol, cellulosic ethanol and sustainable aviation fuel
• Robust environmental management system

We view our stakeholders as partners to whom we seek to deliver operational excellence, disciplined management of capital and long-term value on a foundation of strong governance and ethical standards.

• Independent board of directors:
  • 10 independent directors
  • 4 fully independent committees
  • 7 new independent directors since 2016
  • 8 directors bring deep energy industry skills, knowledge and experience to the board
  • 7 directors have experience with complex legal, compliance, regulatory and public policy matters
  • 10 directors bring experience in the areas of leadership; oversight of sustainability; human capital management; health, safety and environment; corporate governance and risk management