ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT • 9 2035 VLO Refinery GHG Emissions after Reductions & Displacements (Scope 1 & 2) 100% Reduction 2035 GHG Emissions Displaced by Global Blending of and Credits from Low- carbon Fuels 10.9 Million Metric Tons CO 2 e 2035 GHG Emissions Displaced by VLO Ethanol Production 4.2 11.1 2035 GHG Emissions Displaced by VLO Renewable Diesel Production Absolute Emissions Reduction through Efficiencies (Scope 1 & 2) 2 . 4 VLO Refinery GHG Emissions in 2011 (Scope 1 & 2) 32.3 Independently verified 2035 GHG Emissions Reduced by Carbon Capture and Storage 3.7 GHG Emissions Targets Valero’s refineries are among the most efficient and are expected to be resilient according to the benchmarking analysis conducted as part of our TCFD hypothetical scenario analysis. We believe that our assets and strategies for our petroleum-based and low-carbon fuels are well positioned to make Valero a resilient company in a lower-carbon economy. In 2021, absolute improvements have reduced our global refinery Scope 1 and 2 GHG emissions by 11.5% against our 2011 baseline (verified global refinery Scope 1 and 2 in 2021 account for 28.5 million metric tons CO 2 e). The growth of our low-carbon fuels production and blending have also displaced fossil fuels from less efficient refiners. We are on track to achieving our 2025 target, which focuses on reducing and displacing our global refinery Scope 1 and 2 GHG emissions by 63%. By 2035, we plan to increase that percentage to 100% through board-approved projects and carbon sequestration projects under development. See pages 108, 109 and 111 for notes regarding this page. 2035 GHG Emissions Target