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 21 is higher than 57% 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). The company has made significant strides in its climate commitments, achieving its target to reduce and displace 63% of its global refining Scope 1 and 2 greenhouse gas emissions by 2025, three years ahead of schedule. This target was set to be met through board-approved projects initiated in 2011. Valero's emissions for 2022 were approximately 24,800,000,000 kg CO2e for Scope 1 and about 4,900,000,000 kg CO2e for Scope 2 (market-based), indicating a consistent level of emissions over the years. The company aims for a long-term goal of achieving a 100% reduction in its global refinery GHG emissions (Scopes 1 and 2) by 2035, supported by ongoing carbon capture and storage (CCS) projects. Valero's commitment to sustainability is reflected in its strategic initiatives, which focus on reducing emissions through innovative technologies and operational efficiencies. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Overall, Valero Energy is actively working towards significant emissions reductions while maintaining its operational integrity in the energy sector.
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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 | - | - | - | - | - | - | - | - |
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.
