Valvoline Releases Its 2021 Corporate Social Responsibility (CSR) Report
Valvoline Inc. (NYSE: VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced the release of its 2021 Corporate Social Responsibility (CSR) report. The foundational CSR pillars at Valvoline™ center on its “Three V’s” – Values, Vow, and Vision – with a strategic focus in four main areas: people, safety, environment, and innovation.
“Valvoline’s CSR report highlights our efforts to create positive impacts on our team members and neighbors alike, and we emphasize this commitment in all that we do,” CEO Sam Mitchell said. “These achievements are a testament to the hard work and compassion of our 9,800 employees worldwide.”
Valvoline’s CSR report illustrates the efforts and progress in creating stakeholder value, which include:
- Achieving manufacturing operations injury rate 61 percent below the industry average.
- Reaching zero-landfill status at 68 percent of global plants and warehouses.
- Announcing goals of a 50 percent reduction in Scope 1 and 2 Global Products carbon emissions by 2030 and a 10 percent reduction in carbon intensity by the end of 2022.
- Recycling 5 million pounds of materials.
- Reaching $127 million in diverse supplier spend since 2016.
- Raising nearly $700,000 for charitable organizations.
- Continuing to advance the proliferation of environmentally friendly consumer alternatives such as hybrid and electric vehicles.
- Promoting 100 percent of our VIOC service center managers, area managers, and market managers from within.
“Valvoline regularly assesses its CSR efforts to ensure alignment with our broad stakeholder base,” said Gary Allen, Vice President, Environmental Health and Safety. “While we remain faithful to our company’s core fundamental values, including those of corporate social responsibility, we continue to display the flexibility necessary to meet the evolving interests of our customers, team members, communities, and investors.”
View Valvoline’s 2021 Corporate Social Responsibility Report at https://csr.valvoline.com.
About Valvoline
Valvoline Inc. (NYSE: VVV) is a global leader in vehicle care powering the future of mobility through innovative services and products for vehicles with electric, hybrid and internal combustion powertrains. Established in 1866, the Company introduced the world’s first branded motor oil and developed strong brand recognition and customer satisfaction ratings over the years across multiple service and product channels. The Company operates and franchises nearly 1,700 service center locations and is the No. 2 and No. 3 largest chain in the U.S. and Canada, respectively, by number of stores. With sales in more than 140 countries and territories, Valvoline’s solutions are available for every engine and drivetrain, including high-mileage and heavy-duty vehicles, and are offered at more than 80,000 locations worldwide. Creating the next generation of advanced automotive solutions, Valvoline has established itself as the world’s leading supplier of battery fluids to electric vehicle manufacturers, offering tailored products to help extend vehicle range and efficiency. To learn more, or to find a Valvoline service center near you, visit valvoline.com.
™Trademark, Valvoline or its subsidiaries, registered in various countries
℠Service mark, Valvoline or its subsidiaries, registered in various countries
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