2025 Valero Report on Guiding Principles - Flipbook - Page 6
Highlights
Safety
SAFETY
• Achieved best-ever Tier 1 API Process Safety
performance in our re昀椀ning segment.3
• Achieved best-ever re昀椀nery total recordable
incident rate (TRIR) for Valero’s employees and its
employees and contractors combined.3
Environment
ENVIRONMENT
• Achieved our second-best-ever environmental
performance in 2024 as measured by
environmental scorecard incidents metric (on a
weighted basis).4
GHG Emissions
• Reduced and displaced emissions beyond 2025
short-term GHG emissions reduction/displacement
target.
• Remain on track to achieve 2035 medium-term
GHG emissions reduction/displacement target.
• In 2025, we received independent third-party
limited assurance on/of:
o Company-wide 2024 Scopes 1 and 2 GHG
emissions, including re昀椀ning, renewable diesel
and ethanol segments.
o Company-wide 2024 life cycle GHG emissions
displacements from our renewable diesel, SAF
and ethanol production, as well as the blending
of and credits from low-carbon fuels.
o Company-wide 2024 GHG emissions from the
use of our products on an intensity basis (Use of
Product GHG Emissions Intensity).
o Global re昀椀nery 2024 Scope 1 intensity per barrel.
o The validation of our 2035 GHG emissions
reduction/displacement target.
Low-Carbon Investments
• Invested $5.8 billion, as of December 31, 2024, in
low-carbon fuels businesses.
• Low-carbon projects held to the same after-tax
internal rate of return (IRR) hurdle, as other re昀椀nery
growth projects.
See GHG Emissions Methodologies on pages 18-19.
6
• Largest low-carbon liquid fuels producer with
existing production capacity of renewable diesel,
renewable arctic diesel, renewable naphtha,
renewable propane, SAF, ethanol and cellulosic
ethanol.
• Successfully completed and started up the largescale SAF project at our renewable diesel plant in
Texas on schedule and under budget, providing the
plant the optionality to upgrade approximately 50%
of its current renewable diesel annual production
capacity to neat SAF.
• Exporting lower carbon transportation fuels
produced with low-carbon hydrogen.
• Advancing carbon capture and storage projects at
certain of our ethanol plants.
• Supported the development of a prototype to
reduce CO2 from internal combustion engines with
an onboard tailpipe carbon capture system.
Community
COMMUNITY
• Generated more than $77 million for charities
in 2024 to support education and workforce
development, health care, housing, basic needs,
and food security.
• Recorded 133,850 employee volunteer hours
in 2024.
Employees
EMPLOYEES
• Fostering a strong team culture that supports our
employees and is built upon our value of employee
talents, experience, education and perspectives.
• Attracting and retaining top talent through our
competitive and comprehensive compensation
and Total Wellness bene昀椀ts and programs.
• Supporting personal and professional
development through training and growth
opportunities.
