Valero Energy

Texas
Energy

Corprate Bias Ratings

Risk Level:

Rating - Clear
Lower Risk

By complying with Human Rights Campaign'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.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Valero has a written policy pledging to vet vendors for LGBTQ policies. It requires vendors to include sexual orientation and gender identity in its nondiscrimination policy (1). However, it has not publicly terminated business relationships based on views or beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Valero does not discriminate against religious organizations in its charitable giving. Valero and its foundation use Valero charitable funds to support STEM education, healthcare support, basic needs, and civic organizations (1)(2)(3).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Valero does not protect its employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Valero does not use its corporate image to involve itself in politics (1).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Valero‘s HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology (1)(2). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders.

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Valero does not use its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
March 27, 2024

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/9/23EnvironmentalMercy Investment Services, Inc.Proposal to Set Different GHG Emissions Reductions TargetsAgainst31.80%
5/9/23SocialService Employees International Union Master TrustProposal to Oversee and Issue an Additional Racial Equity Audit and ReportAgainst11.70%
4/28/22EnvironmentalMercy Investment ServicesDisclose Climate Action Plan and GHG Emissions Reduction TargetsAgainst42.40%
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