ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT • 17 We are committed to the sustainable use and management of natural resources . Our team works in a responsible manner, including reducing, reusing, recycling and repurposing practices to minimize waste. Multi-billion-dollar capital investments are made to maintain our responsible operations along with improvement in personnel safety, process safety and reliability, which support our environmental performance. Governance and Oversight by the Board of Directors The board of directors established a new standing committee, the Sustainability and Public Policy Committee, to further enhance the board’s oversight structure and efforts with respect to: • ESG. • Sustainability and climate-related risks and opportunities. • Health, Safety and Environment (HSE) matters. • Corporate responsibility and reputation management. • Social, community and public policy initiatives. • Political and lobbying activities. • Compliance with legal and regulatory requirements for the operations of the company. The committee includes the chairs of each of the other board committees and the lead director of the board, which ensures ESG and public policy topics permeate all board discussions. These directors bring the appropriate mix of backgrounds, knowledge and skills needed to facilitate oversight of broad ranging and complex ESG risks and opportunities. Valero volunteers from our Memphis refinery plant trees at one of the many Earth Day events held across our company.