LEXINGTON, Ky., March 10, 2021 /PRNewswire/ -- Valvoline
Inc. (NYSE: VVV), a leading worldwide marketer and supplier of
premium branded lubricants and automotive services, with sales in
more than 140 countries, today announced it has increased its CDP
score to a "B" in its first year of public CDP reporting [Valvoline
submitted a non-public CDP report in 2019].CDP is recognized as the
gold standard for environmental disclosure, a critical piece for
measuring climate action globally.
Valvoline's "B" score can be attributed to the company's
efficient operations, product research, development and strategy to
reduce greenhouse gas emissions. Valvoline's Research and
Development group has introduced advanced technologies in their
lubricants and coolants and created other novel products that
improve the efficiency of gasoline, diesel, natural gas, electric
and hybrid vehicles, to reduce greenhouse gas emissions.
Valvoline has also partnered with Schneider Electric Energy and
Sustainability Services to assist the company in its energy use
tracking, greenhouse gas emissions calculations, CDP reporting and
climate-focused strategy development. Valvoline implemented
Schneider Electric's EcoStruxure™ Resource Advisor, a cloud-based
and AI-enabled enterprise software platform, to support its
sustainability journey. Schneider Electric is also a CDP Accredited
Provider of global sustainability consulting services and
software.
"As a company with many stakeholders, we have a commitment to do
our part for the environment while providing quality products and
services to our customers. Schneider Electric's support to provide
strategy expertise for how we can best move forward in our
sustainability journey, and to help us manage our emissions data,
has been integral to our progress and success as we look to further
our climate action goals," said Gary
Allen, Vice President – Environmental, Health and Safety for
Valvoline.
"After working with Valvoline over the past year it's rewarding
to see these dramatic improvements in their sustainability
reporting and initiatives," said Mike
Fraser, Vice President of Sustainability Development at
Schneider Electric. "Valvoline's success is a testament to their
commitment and innovative approach to supporting safe workplaces
and reducing environmental impacts. Further, we're thrilled that
Valvoline joined our NEO Network community and quickly found the
support and tools needed, such as the recently announced
distributed energy resource (DER) calculator, to advance their
environmental goals."
For more information on Valvoline's sustainability and corporate
social responsibility initiatives, visit csr.valvoline.com. For
more information on Schneider Electric's sustainability reporting
and climate advisory services, visit schneider-electric.com/ess.
For energy and sustainability industry news, and insights on trends
and best practices, visit Perspectives and follow Schneider
Electric Energy & Sustainability Services on LinkedIn.
About Valvoline™
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and
supplier of premium branded lubricants and automotive services,
with sales in more than 140 countries. Established in 1866, the
Company's heritage spans more than 150 years, during which time it
has developed powerful brand recognition across multiple product
and service channels. Valvoline ranks as the No. 3 passenger car
motor oil brand in the DIY market by volume. It operates and
franchises more than 1,500 quick-lube locations, and it is the No.
2 chain by number of stores in the United
States under the Valvoline Instant Oil ChangeSM
brand and the No. 3 chain by number of stores in Canada under the Valvoline Great Canadian Oil
Change brand. It also markets Valvoline lubricants and automotive
chemicals, including Valvoline EV Performance Fluids; Valvoline
Hybrid Vehicle Full Synthetic motor oil; Valvoline High Mileage
with MaxLife technology motor oil for engines over 75,000 miles;
Valvoline Advanced Full Synthetic motor oil; Valvoline Premium
Blue™ heavy-duty motor oil; Valvoline Multi-Vehicle
Automatic Transmission Fluid; and Zerex™ antifreeze.
To learn more, visit www.valvoline.com.
About Schneider Electric
Schneider's purpose is to empower all to make the most of our
energy and resources, bridging progress and sustainability for all.
We call this Life Is On. Our mission is to be your digital partner
for Sustainability and Efficiency. We drive digital transformation
by integrating world-leading process and energy technologies,
end-point to cloud connecting products, controls, software and
services, across the entire lifecycle, enabling integrated company
management, for homes, buildings, data centers, infrastructure and
industries. We are the most local of global companies. We are
advocates of open standards and partnership ecosystems that are
passionate about our shared Meaningful Purpose, Inclusive and
Empowered values. www.se.com
™ Trademark, Valvoline or its subsidiaries, registered in
various countries
℠ Service mark, Valvoline or its subsidiaries, registered in
various countries
FOR FURTHER INFORMATION
Michele Gaither
Sparks
Sr. Director, Corporate Communications
+1 (859) 230-8079
michele.sparks@valvoline.com
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SOURCE Valvoline Inc.