2025 Valero Report on Guiding Principles - Flipbook - Page 27
Safety
Introduction
Environment
Community
People
Governance
Appendix
BEST YEAR EVER
In 2024, Valero set process
safety performance records in
all PSE Tier 1 categories.
A record 10 re昀椀neries ended the year
having recorded Zero PSE Tier 1's in 2024. In
addition, two re昀椀neries have achieved 昀椀ve
straight years with no PSE Tier 1's. This is a
signi昀椀cant achievement and is recognized
as industry-leading process safety
performance.
0.036
0.056
annual PSE Tier 1 rate in
2024 is our best-ever
performance
昀椀ve-year average PSE
Tier 1 rate is our best-ever
performance
6
7
PSE Tier 1's is a record
low and our best
year ever
years in-a-row that
we have reduced our
昀椀ve-year average PSE
Tier 1 rate
PSE Tier 1 Rate, Five-Year Average32
(per 200,000 working hours)
0.12
0.10
0.08
0.056
0.06
0.04
0.02
0.00
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Process Safety Initiatives Implemented in 2024:
RISK ASSESSMENT CONSISTENCY
SHARED LEARNING
Through a combination of new risk assessment tools, guidance and training,
we have continued to focus on improving the quality and consistency of our
processes. As an example, new standardized risk assessments for speci昀椀c
process technology were developed in collaboration with our technology
subject matter experts and process safety network. These underpin our risk
management programs and support our overall goal of operational excellence.
To leverage the bene昀椀ts
of our enhanced incident
investigation process, Valero
continues to introduce new
and innovative ways to
effectively share incident
investigation learnings
more broadly using various
multimedia tools, including
webcasts and animated
videos. Feedback on the
quality and effectiveness of
these tools has been very
positive resulting in a priority
to produce additional videos
each year going forward.
HUMAN AND ORGANIZATIONAL PERFORMANCE TOOLS
Performing quality incident investigations has been a priority for many years.
This has resulted in a robust process that focuses on quality corrective actions
to prevent a recurrence. In 2024, we developed guidance and training for the
use of a new Human Error and Effective Corrective Actions Tool in our incident
investigations. This is just one step in our strategy to identify and address
human and organizational performance opportunities.
Valero Report on Guiding Principles •
27
