ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT • 103 SAFETY COMMUNITY PEOPLE GOVERNANCE ENVIRONMENT Stakeholder Engagement Our efforts to engage with stakeholders follow a “review, plan, engage and analyze and respond” cycle, with the following characteristics: Proactive Ongoing engagement with stakeholders is important to us. Along with responding to inquiries, we utilize a proactive program that seeks robust communication. Consistent Dialogue As part of our engagement efforts, we value our stakeholders’ views, and their input is important to us. We provide management and the board with insight on issues and initiatives that are priorities for our stakeholders. Process By following our engagement process, we have built relationships and created meaningful interactions. Assessment We are constantly looking for ways to improve our engagement process to reflect and include stakeholder needs and business strategies. Political Engagement We believe that constructive engagement in the political system serves the best interests of our stockholders, employees, neighbors and other stakeholders. In 2021, Valero enhanced its disclosures on political engagement, including board oversight, political participation and advocacy through trade associations. In addition, the company conducted a review of climate lobbying activities, which found that the relevant trade associations were substantially aligned with, or were in the process of aligning with, Valero’s vision of providing affordable and sustainable energy, while reducing GHG emissions. For more information on political engagement, visit our website at www.valero.com > Investors > ESG > Political Engagement. Diversity search policies are in place that require that the initial list of candidates include diverse candidates for both board nominees and external searches for executive officers. For more information, visit our website at www.valero.com > Investors > ESG > Corporate Governance Documents .