Valero Energy

Valero Energy's reported carbon emissions

Valero Energy, headquartered in the US, reported approximately 29.3 billion kg CO2e of Scope 1 and 2 emissions in 2024. This figure includes about 24.3 billion kg CO2e from Scope 1 and approximately 5 billion kg CO2e from Scope 2 emissions (market-based and location-based). In the preceding year, 2023, Valero Energy's Scope 1 emissions were around 24.9 billion kg CO2e, with Scope 2 emissions at approximately 5.1 billion kg CO2e. For 2022, Scope 1 emissions were approximately 24.8 billion kg CO2e and Scope 2 emissions were around 4.9 billion kg CO2e. Historical data indicates Scope 1 and 2 emissions of approximately 28.6 billion kg CO2e in 2020, and 30 billion kg CO2e in 2011. Valero Energy has established significant climate commitments. The company achieved its 2025 target to reduce and displace 63% of its global refining Scope 1 and 2 greenhouse gas (GHG) emissions three years ahead of schedule, in 2022. This target, initially set from a 2011 baseline, aimed for a 63% reduction through board-approved projects. Furthermore, Valero Energy is targeting to reduce and displace 100% of its global refinery GHG emissions (Scopes 1 and 2) by 2035, utilising board-approved projects and carbon sequestration initiatives. The company has disclosed that it is on track to achieve both its 2025 and 2035 targets. Scope 3 emissions data is not currently disclosed.