10 ESG At Valero, we are committed to consistent and proactive dialogue with our stockholders, employees, neighboring communities, business partners, governments and other stakeholders. Environmental: GHG Emissions Targets* On track to reduce and displace 100% of refinery Scope 1 and 2 by 2035 with board-approved projects and carbon sequestration projects under development. Reports* • Third-Party Assurance of global refinery Scope 1 and 2 GHG Emissions. • 2021 TCFD Report and Scenario Analysis: Scenario analysis concluded that Valero's refining portfolio would be resilient in a low- carbon marketplace. Our intent is to update this report in 2022 using the IEA’s Net-Zero 2050 scenario. • SASB Report (see pages 108 and 109). • CDP Questionnaire. Low-Carbon Investments In 2021, more than 70% of growth capital was deployed to low-carbon projects. Low-carbon fuels displace fossil fuels. • Carbon Sequestration: Large-scale CCS pipeline system in the U.S. Midwest to store carbon dioxide from eight of our ethanol plants. This project is expected to further reduce the carbon intensity of ethanol and increase its value. • Renewable Diesel: Current annual production capacity of 700 million gallons of renewable diesel and 30 million gallons of renewable naphtha (used for renewable gasoline and renewable plastics). A new renewable diesel plant is expected to start up in Q4 2022, increasing total annual capacity to 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha. • Producing and Advancing: - Low-carbon hydrogen. - Renewable propane. - Renewable naphtha. - Renewable arctic diesel. - Fiber cellulosic ethanol. - Sustainable aviation fuel (under development). MORE THAN $4.65 BILLION INVESTED TO DATE IN OUR LOW-CARBON FUELS BUSINESS LOW-CARBON PROJECTS ARE HELD TO A MINIMUM AFTER-TAX IRR THRESHOLD, JUST LIKE OTHER PROJECTS. *These reports are produced annually. See page 111 for notes regarding this page and for non-GAAP disclosures.