2024 ESG Report FINAL - Report - Page 7
Highlights
Social
Governance
• Generated more than $77.6 million for charities
in 2023 to support education and workforce
development, healthcare, housing and basic
needs, and food security.
Executive Compensation Linked to HSE,
Sustainability and Climate-Related
Initiatives
• Recorded more than 129,400 employee volunteer
hours in 2023.
• Continued to foster a strong team culture that
supports our employees and is built upon our
value of employee talents, experience, education
and perspectives.
• Continued to attract and retain top talent
through our competitive and comprehensive
compensation and Total Wellness bene昀椀ts and
programs.
• Supported personal and professional
development through training and growth
opportunities.
• Conducted a voluntary independent thirdparty audit in 2023, which concluded that
Valero’s commitment to environmental
justice, environmental protection, community
engagement and involvement, and community
investment goes beyond compliance and aligns
with environmental justice pillars as described by
the U.S. Environmental Protection Agency (EPA).
Other ESG Disclosures
• SASB Report (page 76 on this Report)
• TCFD Report (IEA Net Zero by 2050), including a
value chain analysis for GHG emissions
• Environmental Justice Audit Report
• Climate-Lobbying Report
• EEO-1 Report
• Limited Assurance Statements: Scope 1, Scope
2 and Use of Product GHG Emissions Intensity,
low-carbon fuel displacements and validation of
2035 GHG emissions target
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ESG
• Annual bonus program, including metrics
for health, safety and environment (HSE)
performance, as well as sustainability efforts
and improvements.
• Performance shares component of longterm incentive program tying executive
compensation to Valero’s low-carbon fuels
strategy.
Board Diversity
• 100% of our committee chairs either women or
racially/ethnically diverse.
• Of our directors, 36.4% women and 36.4%
racially/ethnically diverse.
Cybersecurity
• Enterprise approach to information security risk
management and governance:
o Periodic third-party expert cybersecurity
and risk assessment testing, including
annual payment card industry data security
standard testing and 昀椀rewall reviews,
penetration testing as needed and periodic
review of our information security framework.
o Annual incident response exercise/security
incident simulation with company-wide
cross-functional team facilitated by a thirdparty expert.
• Mandatory cybersecurity training at least
annually for all employees and annual
cybersecurity awareness month campaign.
Other Governance
• Mandatory training on compliance and ethics
matters for all employees and contractors.
• Annual company-wide corporate compliance
and ethics week awareness campaign.
• Reporting political disclosures, including
contributions, lobbying and trade associations.
Environmental, Social and Governance Report •
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