Valero Energy
Corprate Bias Ratings
Risk Level:
Summary:
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.
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.
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.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Valero does not protect its employees from viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Valero does not use its corporate image to involve itself in politics (1).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
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.
Uses corporate political contributions for ideological, non-business purposes.
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
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Voting History
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% |