Valero Energy
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 13 is higher than 91% 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 carbon emissions of approximately 24,900,000,000 kg CO2e for Scope 1 and about 5,100,000,000 kg CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions compared to 2022, where emissions were approximately 24,800,000,000 kg CO2e for Scope 1 and about 4,900,000,000 kg CO2e for Scope 2. Over the years, Valero's emissions have shown fluctuations, with Scope 1 emissions peaking at approximately 25,400,000,000 kg CO2e in 2018. Valero has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to report its emissions annually, indicating a commitment to transparency in its environmental impact. The absence of defined reduction targets suggests that while Valero is monitoring its emissions, it may not yet have formalised a comprehensive strategy for significant reductions in line with global climate goals. Overall, Valero Energy's emissions data highlights the ongoing challenges faced by the energy sector in reducing carbon footprints, while the company's commitment to reporting emissions reflects an awareness of its environmental responsibilities.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 25,200,000,000 | 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 | 5,200,000,000 | 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 | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Valero Energy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
