ESG Report - Report - Page 17
STRATEGY
LOW-CARBON
ENVIRONMENT
SAFETY
COMMUNITY
PEOPLE
GOVERNANCE
2050 Long-Term Ambition20
By 2050, Valero has an ambition to reduce and displace companywide GHG emissions for Scopes
1, 2, 3 and 4 by more than 45 million metric tons CO2 e.
Scope 3 Intensity21
2022 Scope 3 Intensity
400
Peer Range
kg CO2e/bbl
The chart to the right compares
Valero’s Scope 3 intensity in kg
CO2e per barrel, which includes
the GHG emissions from the use of
all the products we manufacture,
representing Scope 3, category 11,
relative to peers' performance. As
expected from the leader in refining
efficiency and in the production
of low-carbon fuels, our Scope 3
intensity demonstrates industryleading lows.
266
250
Independent Third-Party Verifications
• Absolute Scope 1 & 2 GHG emissions.
• GHG emissions displaced by our own ethanol production and
renewable diesel production.
• GHG emissions displaced by global blending of and credits from
low-carbon fuels.
• Scope 3 intensity.
• Validation of the 2035 GHG emissions target.
• Copies of independent third-party verifications of Scope 1, Scope
2 and Scope 3 intensity as well as the validation of our 2035 GHG
emissions target can be found on our website at www.valero.
com > Investors > ESG > Other Reports. Scope 3 intensity and our
2035 GHG emissions target were found to be science-based and
conform with acceptable engineering practices.
Since 2009, Valero’s
production of ethanol
and renewable
diesel has generated
cumulative avoided
emissions of
approximately 132
million metric tons
CO2e from the use of
fuels.22
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT •
17
