We are managing our business to responsibly meet the world's growing demand for reliable and affordable energy while doing our part to address global climate change risk.
We have a demonstrated track record of reducing emissions in our operations and producing low-carbon fuels for future generations. In fact, Valero is on track to achieve 63% global refining GHG emissions reduction/offset target by 2025. We plan to further reduce and offset 100% of our global refining Scope 1 and 2 GHG emissions by 2035 through board-approved projects and carbon capture and storage projects under development.
As part of our strategy to be the safest, most reliable and best operator in the business, we will continue our efforts to:
1Million metric tons CO2e. Scope 1 is defined as the direct GHG emissions from global refinery operations. Scope 2 (market-based) is the indirect GHG emissions from purchased electricity and steam calculated using EPA-derived steam emissions factors and energy supplier-specific emissions factors.
2Metric Tons
3Million m3
4Count of oil spill events to land or water of more than one barrel.
To achieve continued improvement in environmental performance, Valero's robust Environmental Management System goes beyond compliance and has helped drive down environmental events to record lows. It has three major components:
Commitment to Excellence Management Systems (CTEMS): A proprietary systematic approach that involves internal investigation and remediation following any environmental incident.
Fuels Management System: New operational safeguards, software, auditing and protocols, and more uniformity across our labs and other processes.
Environmental Excellence and Risk Assessment Program: A new program that proactively manages environmental risk, minimizing negative impacts to the community and employees.
Continuous improvement in energy conservation drives efficient performance, lowers operating expenses and reduces greenhouse gas emissions.
We treat wastewater using advanced biological treatment systems comparable to, or even more complex than, those operated by most cities.
We are advancing environmental stewardship by actively recycling at our facilities.
Valero strives to operate as a good neighbor and aims to treat its fence line neighbors fairly, regardless of race, color, national origin, culture or income.
