Valero Energy Sustainability Profile
Valero Energy Corporation, commonly known as Valero, is a leading international manufacturer and marketer of transportation fuels and petrochemical products. Headquartered in San Antonio, Texas, Valero operates refineries and facilities across the United States, Canada, and the United Kingdom, solidifying its presence in key operational regions. Founded in 1980, Valero has achieved significant milestones, including becoming one of the largest independent refiners in the world. The company’s core offerings include gasoline, diesel, jet fuel, and a variety of petrochemicals, distinguished by their commitment to sustainability and innovation. Valero's strategic focus on renewable fuels and advanced technologies positions it as a market leader, recognised for its operational excellence and environmental stewardship.
DitchCarbon Score
How does Valero Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Valero Energy's score of 21 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Valero Energy's reported carbon emissions
In 2023, Valero Energy reported total carbon emissions of approximately 24,900,000,000 kg CO2e for Scope 1 and about 5,100,000,000 kg CO2e for Scope 2 (market-based). This marks a slight increase in Scope 1 emissions from 2022, which were approximately 24,800,000,000 kg CO2e, while Scope 2 emissions also saw a rise from about 4,900,000,000 kg CO2e in the previous year. Valero has set ambitious climate commitments, aiming to reduce and offset 63% of its global refining Scope 1 and 2 greenhouse gas emissions by 2025 through board-approved projects. Notably, in 2022, the company exceeded this target three years ahead of schedule, achieving a reduction equivalent to 63% of its emissions from these scopes. Looking further ahead, Valero is targeting a complete reduction and displacement of its global refinery GHG emissions (Scopes 1 and 2) by 2035, which includes ongoing development of carbon capture and storage (CCS) projects. Valero's emissions data is self-reported and does not include Scope 3 emissions, which are often significant in the energy sector. The company’s commitment to sustainability and emissions reduction reflects its proactive approach to addressing climate change and aligns with industry standards for environmental responsibility.
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| 2011 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
How Carbon Intensive is Valero Energy's Industry?
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Valero Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Valero Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
