ESG Overview

ESG_Overview_Full_Desktop
Refinery employees wearing bright colored safety uniforms

Environmental

We have a demonstrated a track record of environmental responsible operations, large-scale production of low-carbon fuels for future generations and participation in environmental stewardship efforts in our communities.

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.
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Volunteers at the Pontchartrain Tree Planting
  • In 2023, our performance exceeded our 2025 target to reduce and displace refinery GHG scope 1 & 2 emissions by 63%
  • Our 2050 ambition is to reduce and displace company-wide Scope 1, 2, 3 & 4 by more than 45 million MT CO2e
  • World's 2nd largest renewable diesel producer
  • World's 2nd largest corn ethanol producer
  • Growth projects in low-carbon fuels as well as carbon and storage
  • Robust environmental management system
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Galveston Bay Reef Restoration

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.

  • Surpassed $77 million in community donations and fundraising
  • Nearly 10,000 global employees
  • 39% of our workforce are minorities
  • 30% of our global professional employees are women
Board of Directors

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.

  • Diverse, independent board of directors:
    • 7 of 12 represent diversity of race or gender
    • 4 of 12 are women
    • 10 are independent
    • 4 fully independent committees
    • 5 new independent directors since 2016
  • Board and committee oversight of risks and compliance, including climate-related risks, GHG reductions and low-carbon fuels growth strategy
  • Linking ESG, Climate Goals and Executive Compensation:
    • Energy transition modifier in long-term incentive program for performance shares was modified to use our 2035 GHG emissions reduction/displacement target.
    • ESG Component of Annual Bonus: In addition to HSE performance metrics, ESG efforts and improvements are also part of the annual bonus program.
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Learn More About ESG

Get more detailed information about Environmental, Social and Governance at Valero.  

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Publications

2023 ESG Report

This report includes GHG emissions targets, 2050 GHG emissions ambition, Scope 1 and 2 emissions, Scope 3 intensity and SASB disclosures.

2022 ESG Report

This report includes GHG emissions targets, global refinery GHG emissions Scope 1 and 2 (with independent verification), Net Scope 3 Intensity, SASB disclosures and the EEO-1 report.

2022 TCFD Report

2021 Valero Stewardship and Responsibility Report

This report includes the SASB report, EEO-1 report and GHG emissions independent verification.

2021 TCFD Report

Codes of Conduct

Code of Business Conduct Ethics

Valero's Conduct Guidelines for Business Partners – English

Valero's Code of Business Conduct and Ethics – Spanish

Valero's Conduct Guidelines for Business Partners – Spanish

Valero's Code of Business Conduct and Ethics – French

Valero's Conduct Guidelines for Business Partners – French