ESG Report - Report - Page 72
Business Ethics and Compliance
Valero's Code of Business Conduct
In addition to our Chief
and Ethics is reviewed and approved
Compliance Officer, Valero’s
by the Board and Valero’s executive
Audit Committee oversees
management team. Our Code
the company’s global
provides guidance for our daycompliance function.
to-day work and the behaviors
expected of us, as well as our legal and ethical responsibilities.
The Code focuses on the following commitments:
Commitment to Each Other
• Health, Safety and
Environment
• Community
• Workplace Environment
• Data Privacy
• Human Rights
Commitment to Business Partners
• Expectations of Business Partners - Conduct
Guidelines for Business Partners
• Gifts and Entertainment
Commitment to Shareholders
• Business Records and
Internal Controls
• Conflicts of Interest and
Corporate Opportunities
• Protecting Company
Assets
• Insider Trading
• Information Security
• External
Communications
Commitment to the Marketplace
• Anti-Bribery and
Anti-Corruption
• International Trading
• Anti-Money Laundering
• Participating in Political
Activities
• Antitrust, Fair Dealings
and Competition
More than 745,000 hours of
training was conducted in
2022 on various HSE regulatory,
legal and other compliancerelated matters, including
conduct and ethics, use of
ethics helpline, anti-bribery,
data privacy, human rights
and information security.
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• Anti-Boycott
Our Ethics Helpline is a
confidential external helpline
operated by a trained thirdparty. It is available toll-free,
24 hours a day, seven days a
week and in local languages.
All reports are investigated
fairly and thoroughly.
Other Published
Governance Policies:
• Human Rights Policy
Statement
• Policy on Vesting of
Performance Shares
• Stock Ownership and
Retention Guidelines for
Directors and Officers
• Anti-Bribery and
Anti-Corruption Policy
• Environmental Justice Policy
Statement
• Health, Safety and
Environment Policy
Statement
• Policy on Political
Contributions, Lobbying and
Trade Associations
• Related Party Transactions
Policy
• UK Tax Policy
• Anti-Slavery and Human
Trafficking Policy Statement
• Compensation Consultant
Disclosures Policy
• Policy on Executive
Compensation in
Restatement Situations
Visit our website at
www.valero.com > Investors
> ESG > Governance
Documents.
