ESG Report - Report - Page 71
STRATEGY
LOW-CARBON
ENVIRONMENT
SAFETY
COMMUNITY
PEOPLE
GOVERNANCE
Supply Chain Management
Valero's Conduct Guidelines for Business Partners
describes our standards and expectations
Valero and business partners worked together to build
the renewable diesel plant in Port Arthur, Texas.
for Business Partners—namely our suppliers,
vendors, contractors, consultants, distributors,
agents, representatives and any third parties
or individuals acting on behalf of the company.
Applicable in all countries where Valero operates,
our Conduct Guidelines reflect our expectations
of high ethical standards and the unwavering
requirement to act with integrity.
We expect our business partners to commit to
uphold Valero’s reputation as a company with
high standards of business ethics and conduct,
including in the following areas:
• Anti-Bribery / Anti-Corruption
• Antitrust / Fair Dealing and Competition
• Conflicts of Interest
• Corporate Recordkeeping
• Data Privacy
• Fair Employment Practices
• Gifts and Entertainment
• Government Contracting and Small Business
Engagement
• Health, Safety and Environment
• Human Rights
• Information Security and Intellectual Property
• Insider Trading
Vetting Our Suppliers – Valero has a formal
screening process for our suppliers, which looks
at various risk indicators, such as reputation,
local jurisdiction, sanctions, financial stability
and commitment to comply with our policies and
procedures. We manage various supplier-related
risks through a counterparty due diligence vetting
process. Additionally, audits may be conducted to
ensure that suppliers uphold all standards listed in
Valero’s Conduct Guidelines for Business Partners.
• International Trade Regulations
• Legal Compliance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT •
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