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 31 is higher than 62% 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 2024, Valero Energy reported total carbon emissions of approximately 24,300,000,000 kg CO2e for Scope 1 and 5,000,000,000 kg CO2e for Scope 2. In 2023, these figures were slightly higher, with Scope 1 emissions at about 24,900,000,000 kg CO2e and Scope 2 emissions at approximately 5,100,000,000 kg CO2e. Over the past few years, Valero has demonstrated a commitment to reducing its greenhouse gas emissions, achieving a significant milestone in 2022 by exceeding its target to reduce and displace 63% of its global refining Scope 1 and 2 GHG emissions by 2025, three years ahead of schedule. Valero's reduction initiatives include a target to reduce and offset 63% of its global refining Scope 1 and 2 GHG emissions by 2025 through board-approved projects, with a long-term goal of achieving a 100% reduction by 2035. This ambitious plan encompasses both emissions reductions and carbon sequestration projects currently under development. The company has consistently reported its emissions data and reduction targets, reflecting its commitment to transparency and accountability in addressing climate change. Valero's efforts are crucial in the context of the energy sector, where significant emissions reductions are necessary to meet global climate goals.
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| 2011 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Valero Energy's Industry?
How Carbon Intensive is Valero Energy's Location?
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.
