2026 Valero Report on Guiding Principles - Report - Page 2
Contents
Valero's Vision
3 • Introduction
Guiding Principles
The world requires reliable and affordable energy, and we see this as an
opportunity. We are advancing the future of energy through innovation,
ingenuity and unmatched execution.
SAFETY
3
A Message from our CEO
4
Our Business
EMPLOYEES
5
Low-Carbon Innovation
COMMUNITY
10
GHG Emissions
GOVERNANCE
14 • Safety
24 • Environment
32 • Employees
40 • Community
48 • Governance
56 • Appendix
56
Notes
57
Cautionary Statements
Regarding Forward-Looking
Statements
57
Non-GAAP Disclosures
ENVIRONMENT
Please visit www.valero.com to learn more about our company. The terms
“Valero,” “we,” “our” and “us,” when used herein, may refer to Valero Energy
Corporation (NYSE: VLO), to one or more of our consolidated subsidiaries and/or
consolidated joint ventures, or to all of them taken as a whole. The term “DGD,”
when used in this report, may refer to Diamond Green Diesel Holdings LLC, its
wholly owned consolidated subsidiary, or both of them taken as a whole.
Policies and Procedures
This report includes statements regarding various policies, values, standards, approaches,
methodologies, procedures, processes, systems, strategies, programs, initiatives,
assessments, technologies, practices, metrics and similar measures related to our
sustainability and climate-related data, disclosures, targets, actions, performance, and
compliance systems (collectively, “Policies and Procedures”). While we believe that our
Policies and Procedures re昀氀ect our business strategy and are reasonable at the time made
or used, as our business or applicable methodologies, standards, or regulations develop
and evolve, we may revise or cease reporting or using certain Policies and Procedures
if we determine that they are no longer appropriate, or we are otherwise required to do
so. References to Policies and Procedures in this report do not represent guarantees or
promises about their ef昀椀cacy or continued implementation or use, or any assurance that
any such Policies and Procedures will apply in every case. Such Policies and Procedures are
subject to risks, uncertainties and other factors, some of which are beyond our control and
are dif昀椀cult to predict, and there may be circumstances, factors, or considerations that may
cause different implementation thereof, revised or discontinued use thereof, or exceptions in
speci昀椀c instances. Please see Forward-Looking Statements below and the risk factors in our
Annual Report on Form 10-K for the year ended December 31, 2025.
Forward-Looking Statements
This report contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 (the Securities Act) and Section 21E of the Securities Exchange Act of
1934 (the Exchange Act), including, but not limited to, statements about our Policies and
Procedures. Please see the Cautionary Statement Concerning Forward-Looking Statements
set forth on page 57 of this report, which includes important information regarding the
identi昀椀cation of forward-looking statements used in this report and important factors that
could cause actual results to differ materially from those in the forward-looking statement.
Additional Information About This Report
This report and the disclosures herein are not “soliciting material,” are not deemed 昀椀led
with the Securities and Exchange Commission (SEC), and are not to be incorporated by
reference into any of Valero’s 昀椀lings under the Securities Act or the Exchange Act, whether
made before or after the date of this report and irrespective of any general incorporation
language therein unless speci昀椀cally identi昀椀ed in such 昀椀ling as being incorporated by
reference in such 昀椀ling. This report discusses or references other Valero reports, policies
and disclosures that are available on Valero’s website, as well as certain third-party
conclusions, reports and data (the foregoing, External Materials). Such External Materials are
not themselves a part of this report. Furthermore, references in this report to website URLs
are intended to be inactive textual references only and the content of such websites is not a
part of this report.
This report represents a good faith effort by Valero to address its efforts, initiatives and
performance on an array of diverse and broadly de昀椀ned sustainability and climate-related
topics and other matters of interest to certain stakeholders. The inclusion of or reference to
any such information in this report is not an indication that this information or statements
related thereto are necessarily material to investors or require disclosure in our 昀椀lings with
the SEC.
The information provided in this report is intended for interested readers in the United States.
Because science is evolving, and comprehensive review is not feasible, references and
analyses provided are merely intended as an aid to readers to help understand Valero's
approach and considerations in our business strategy.
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