ESG Report - Report - Page 7
Visit our website at www.valero.com > Investors > ESG.
Governance
Other Valero ESG Disclosures/Policies
• Linking ESG, Climate Goals and Executive
Compensation:
• TCFD Report (IEA Net Zero by 2050)
• 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.
• Reporting political disclosures, including
contributions, lobbying and trade associations.
• Annual climate lobbying report, including
alignment analysis of indirect lobbying through
trade associations and Valero's vision of providing
affordable fuels while reducing GHG emissions.
• Environmental Justice Policy Statement
• Environmental Justice Audit Report
• Racial Equity Assessment
• Third-Party Assurance Statements: 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.
• SASB Report
• CDP Questionnaire
• Board Diversity: 70% of independent directors
representing gender or racial/ethnic diversity.
• Code of Business Conduct and Ethics
• Cybersecurity and Incident Evaluation: Senior
management delivers prompt and transparent
update reports to the Audit Committee on matters
respecting cybersecurity and IT risks.
• Human Rights Policy Statement
• Enhancing mandatory compliance and ethics
training for all employees on policies included in our
Code of Business Conduct and Ethics.
• Climate-Lobbying Analysis
Valero St. Charles
Refinery.
• Conduct Guidelines for Business Partners
• Health, Safety and Environmental Policy Statement
• Political Participation and Contributions
• EEO-1 report expected in late 2023.
Valero Memphis
Refinery.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT •
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