2025 Valero Report on Guiding Principles - Flipbook - Page 65
Introduction
Safety
Environment
Community
People
Governance
Appendix
Awards
For the ninth consecutive year, Valero was named among Extel’s “Most Honored Companies,” based on results
across several categories of its 2024 All-America Executive Team rankings. Out of over 1,400 companies receiving
votes across 44 sectors, less than 10% earned the “Most Honored” distinction. The investment publication determined
the rankings from votes of over 4,000 investors and research analysts who evaluated companies and executives.
top Valero placed Top 3 overall
3
in the Integrated Oil sector
for the following:
• Best Company Board
• Best CFO
• Best IR Program
• Best ESG Program
1st
place
Valero received 1st
place overall in the
Integrated Oil sector
for the following:
• Best IR Team
• Best IR
Professional
1st
place
Valero ranked 1st place in a new
broader Energy category, which
included Midstream, Exploration,
Utilities and Oil Field Services
companies:
• Best Company Board
• Best IR Professional
• Best IR Program
• Best IR Team
Political Engagement
Valero believes that constructive
participation in the political process
is an important means of enhancing
stockholder value and promoting
good corporate citizenship.
Board Oversight
The CEO and the General Counsel review and
approve recommendations by Valero’s government
affairs team on political contributions and lobbying
activities. Additionally, the Sustainability and Public
Policy Committee is responsible for assisting the
Board with oversight of Valero's political contributions
and lobbying activities and receives and discusses,
at least once annually, a formal report from
management on these activities.
Policy Advocacy
As part of our engagement, we may advocate
directly or with trade associations on issues that
affect our business and the energy industry. Our trade
association participation focuses on being an active
member of business communities where we work and
live. Through this involvement, we learn and share
best practices from safety and environmental, to labor
and technologies, while also promoting dialogue and
advocacy for positions that are in the best interest of
our business.
Valero’s employee Political Action
Committee (VALPAC)
Valero offers certain eligible employees and
shareholders an opportunity to participate in the U.S.
political process by contributing to VALPAC. Participation
in VALPAC is completely voluntary. Over the years,
participation in VALPAC has grown steadily, making it one
of the largest corporate PACs and a top-tier energy PAC.
Through VALPAC membership and active participation
in elections, employees show pride in strengthening
our business, the communities that give us license to
operate and our country. Political contributions made
from VALPAC are reported monthly to the Federal
Election Commission, and are a matter of public record.
Political Participation
Valero complies with all applicable laws and regulations
when considering participation in the political process
with corporate contributions.
Our political participation webpage provides extensive
and updated political disclosures:
www.valero.com > Investors > ESG > Political Engagement
> Political Participation.
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