2025 Valero Report on Guiding Principles - Flipbook - Page 67
Introduction
Safety
Environment
Community
People
Supply Chain Management
Conduct Guidelines for Business Partners
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
• Antitrust/Fair Dealing and
Competition
• Con昀氀icts of Interest
• Corporate Recordkeeping
• Data Privacy
• Fair Employment Practices
• Gifts and Entertainment
• Government Contracting and
Small Business Engagement
• Health, Safety and
Environment
• Insider Trading
• International Trade
Regulations
• Legal Compliance
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.
rights and the environment,
• Conduct Guidelines for
Business Partners
• Corporate Governance
Guidelines
• Code of Ethics for Senior
Financial Of昀椀cers
• Anti-Bribery and AntiCorruption Policy
the third-party management systems and to maintain a minimum
practices regarding human
• Code of Business
Conduct and Ethics
• Information Security and
Intellectual Property
and contractor risks. Business partners are expected to participate in
management policies and
Governance Policies
• Human Rights
Valero engages third-party companies to help manage supply chain
contractor and supplier risk
Appendix
• Stock Ownership and
Retention Guidelines for
Directors and Of昀椀cers
Vetting of Suppliers
The systems also assess
Governance
• Health, Safety and
Environment Policy
Statement
• Political Contributions,
Lobbying and Trade
Associations Policy
• Environmental Justice
Policy Statement
• Human Rights Policy
Statement
• Related Party
Transactions Policy
• Anti-Slavery and
Human Traf昀椀cking Policy
Statement
• Compensation
Consultant Disclosure
Policy
• Executive Compensation
Clawback Policy
and verify certi昀椀cations, such
as ISO 14001. Additionally,
audits may be conducted to
ensure that suppliers uphold
Visit our website at
www.valero.com > Investors >
ESG > Governance Documents.
all standards listed in Valero’s
Conduct Guidelines for
Business Partners.
Valero Report on Guiding Principles •
67
