2024 ESG Report FINAL - Report - Page 70
Supply Chain Management
Valero's Conduct Guidelines for Business Partners describes the standards and expectations for Business Partners namely 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, the Conduct Guidelines
for Business Partners re昀氀ect Valero's expectations of high ethical standards and the unwavering requirement to act
with integrity, including in the following areas:
• Anti-Bribery/Anti-Corruption
• Gifts and Entertainment
• Insider Trading
• Antitrust/Fair Dealing and
Competition
• Government Contracting and
Small Business Engagement
• International Trade Regulations
• Con昀氀icts of Interest
• Health, Safety and Environment
• Corporate Recordkeeping
• Human Rights
• Data Privacy
• Information Security and
Intellectual Property
• Fair Employment Practices
• Legal Compliance
Vetting of Suppliers - Valero engages
third-party companies to manage
supply chain and contractor risks.
All business partners are expected
to participate in the third-party
management systems and to
maintain a minimum grade based
on Valero's proprietary assessment
process and compliance with both
regulatory and Valero requirements.
Vendors undergo an initial screening
and are monitored on an ongoing
basis for risks related to health,
safety, environmental and quality
performance as well as supplier
selection, employee training and
quali昀椀cations, insurance coverage,
and 昀椀nancial strength and stability.
The systems also assess contractor
and supplier risk management
policies and practices regarding
human rights and the environment,
and verify certi昀椀cations, such as ISO
14001. Additionally, audits may be
conducted to ensure that suppliers
uphold all standards listed in Valero’s
Conduct Guidelines for Business
Partners.
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Valero and business partners working together on the SAF
project in Port Arthur, Texas
