Advancing the Future of Energy
We have a demonstrated track record of reducing emissions in our operations and producing low-carbon fuels for future generations. In fact, Valero is on track to achieve 63% global refining GHG emissions reduction/offset target by 2025. We plan to further reduce and offset 100% of our global refining Scope 1 and 2 GHG emissions by 2035 through board-approved projects and carbon capture and storage projects under development.
As part of our strategy to be the safest, most reliable and best operator in the business, we will continue our efforts to:
- Focus on safety, reliability and operations excellence to consistently deliver essential transportation fuels and petrochemical feedstocks;
- Strive to reduce emissions, increase efficiency and invest in opportunities that improve our environmental stewardship;
- Lead the industry in low-carbon renewable fuels, regularly evaluating opportunities to expand production; and
- Execute a long-term strategy that addresses shifting consumer needs under a changing policy and technology landscape.
1Million metric tons CO2e. Scope 1 is defined as the direct GHG emissions from global refinery operations. Scope 2 (market-based) is the indirect GHG emissions from purchased electricity and steam calculated using EPA-derived steam emissions factors and energy supplier-specific emissions factors.
4Count of oil spill events to land or water of more than one barrel.
Environmental Management System
To achieve continued improvement in environmental performance, Valero's robust Environmental Management System goes beyond compliance and has helped drive down environmental events to record lows. It has three major components:
Commitment to Excellence Management Systems (CTEMS): A proprietary systematic approach that involves internal investigation and remediation following any environmental incident.
Fuels Management System: New operational safeguards, software, auditing and protocols, and more uniformity across our labs and other processes.
Environmental Excellence and Risk Assessment Program: A new program that proactively manages environmental risk, minimizing negative impacts to the community and employees.