2024 ESG Report FINAL - Report - Page 19
GHG Emissions
Total Reductions and Displacements
32.3
In 2022, three years ahead of schedule, we achieved
our 2025 GHG emissions target to reduce and
displace the equivalent to 63% of the tonnage from
our global re昀椀nery GHG emissions (Scopes 1 and 2). In
2023, we continued to exceed this target.
Million MT CO2e
2025 Short-Term Target1
Re昀椀nery GHG Emissions
in 2011 (Scopes 1 & 2)
63%
Target
2023
2035 Medium-Term Target1
Our GHG emissions target re昀氀ects our unique strategy. Re昀椀nery absolute reductions and our low-carbon
projects are expected to generate reductions and displacements equivalent to 100% of the tonnage from our
global re昀椀nery GHG emissions (Scopes 1 and 2) by 2035. Each component below showcases our strategy:
2038 Update
By 2038, re昀椀nery absolute reductions and our low-carbon projects are expected to generate reductions and
displacements equivalent to 100% of the tonnage of the GHG emissions from our re昀椀ning, renewable diesel and
ethanol business segments (Scopes 1 and 2), including from re昀椀ning, ethanol and renewable diesel production.
2050 Long-Term Ambition
By 2050, Valero has an ambition to reduce and displace company-wide GHG emissions for Scopes 1, 2, 3 and 4
by more than 45 million metric tons CO2e.
Environmental, Social and Governance Report •
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