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 products include gasoline, diesel, and jet fuel, distinguished by their high quality and commitment to sustainability. Valero's innovative approach to refining and its strategic investments in renewable energy have positioned 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 9 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Valero Energy's reported carbon emissions
In 2023, Valero Energy Corporation reported carbon emissions of approximately 24.9 million tonnes CO2e for Scope 1 and about 5.1 million tonnes CO2e for Scope 2. This reflects a slight increase in Scope 1 emissions compared to previous years, with 2022 figures showing 24.8 million tonnes CO2e for Scope 1 and 4.9 million tonnes CO2e for Scope 2. Over the years, Valero has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets have not been publicly outlined. Valero's emissions data indicates a trend of fluctuating emissions, with Scope 1 emissions peaking at 25.2 million tonnes CO2e in 2017 and gradually decreasing to 23 million tonnes CO2e in 2020 before rising again. The company has not set formal reduction targets under the Science Based Targets initiative (SBTi) or disclosed specific initiatives aimed at achieving significant emissions reductions. Despite receiving low scores in climate-related assessments, such as a "D" from CDP in 2023, Valero continues to engage in industry practices aimed at improving sustainability. The company is focused on enhancing its operational efficiency and reducing greenhouse gas emissions intensity per barrel of product, which was reported at approximately 0.253 for 2023. Overall, while Valero Energy has made strides in tracking and reporting its emissions, the absence of clear reduction targets and initiatives highlights the need for further commitment to climate action in the energy sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some reduction initiatives 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.
