ESG Overview
Environmental
We are committed stewards of the environment. We have a demonstrated track record of reducing emissions in our operations and producing low-carbon fuels for future generations.
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 emission, 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
- Execute a long-term strategy that addresses shifting consumer needs under a changing policy and technology landscape.
- 2019, best year ever in refinery employee safety
- Largest producer of renewable fuels in North America
- 2019, best year ever for reduction of environmental events, flaring, energy consumption, and greenhouse gas emissions per barrel of throughput, with air emissions intensity maintaining a historical low
- Robust environmental management system
Social
Valero is a good neighbor and employer. We share our success with the communities where we work and live through volunteerism and charitable giving.
- Leading energy sector company on The Civic 50 list of America’s most community-minded large companies by Points of Light
- Recognized as one of the World's Best Employers, America’s Best Large Employers and Best Employers for Women by Forbes
- Participant of the Bloomberg Gender-Equality Index, supporting gender equality and the advancement of women in the workplace
Governance
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.
- 10 members of the board of directors are independent, non-officers of Valero
- Three members of the board are women
- Five of 11 directors represent diversity of race or gender
- Three fully independent committees
- Board oversight of risks and compliance, including climate-related risks
Learn More About ESG
Get more detailed information about Environmental, Social and Governance at Valero.
Strategy for Value Creation
Valero's strategy for value creation is based on disciplined capital management providing cash returns to our stockholders, a proven history of operations excellence driving higher profitability and visibility to earnings growth with a steady pipeline of high-return projects.
2019 Valero Stewardship and Responsibility Report
2019 Summary Annual Report
SASB Report as of December 31, 2019
This report aligns our performance data with the recommendations of the Sustainable Accounting Standards Board (SASB) framework in the Oil and Gas – Refining and Marketing industry standard.
