Valero Energy
Corporate Bias Rating
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Risk Level:
Summary:
By complying with the HRC’s controversial demands, Valero Energy increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in vendor selection. Valero Energy uses its corporate funds to support controversial sex and gender ideologies and organizations. However, it has not used its PAC donations for ideological purposes. For these reasons, Valero Energy receives a Lower Risk rating.
Board Bias
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CEO of Valero Energy
Joe Gorder
Summary:
Headquartered in San Antonio, Texas, Valero Energy is a member of the Fortune 250 operating in the Energy industry. Joe Gorder and Joe Gorder serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $879,610 to Republican causes and $79,099 to Democratic causes. Under their tenure, Valero Energy currently holds a 'Lower Risk' risk rating.
Political Contributions of Leadership:
$879,610
$79,099
Republican
Democrat
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/9/23 | Environmental | Mercy Investment Services, Inc. | Proposal to Set Different GHG Emissions Reductions Targets | Against | 31.80% |
| 5/9/23 | Social | Service Employees International Union Master Trust | Proposal to Oversee and Issue an Additional Racial Equity Audit and Report | Against | 11.70% |
| 4/28/22 | Environmental | Mercy Investment Services | Disclose Climate Action Plan and GHG Emissions Reduction Targets | Against | 42.40% |