Valvoline Inc. Unveils Positive Impact Report for Fiscal Year 2024

Valvoline Inc. Releases Its Fiscal Year 2024 Impact Report



Valvoline Inc. (NYSE: VVV), recognized as a leader in preventive automotive maintenance, has recently published its Impact Report for Fiscal Year 2024. This report highlights the company's significant contributions toward environmental sustainability, social responsibility, and effective governance practices. It reflects the company's commitment to making a positive impact in communities across the United States and Canada, showcasing the progress achieved during the period from October 1, 2023, to September 30, 2024.

Lori Flees, President and CEO of Valvoline Inc., expressed pride in the advancements made during this fiscal year. In her statement, she noted achievements such as a record-breaking year in fundraising for Children's Miracle Network Hospitals, the welcoming of new franchise partners, and the inauguration of the company’s 2,000th service center. "The hard work and determination of our team members, both from corporate and franchise, have paved the way for our accomplishments and the meaningful difference we are making at the grassroots level, greatly benefiting our communities," Flees stated.

One of the key highlights from the Impact Report is Valvoline’s recognition as a Green Power Partner by the U.S. Environmental Protection Agency (EPA). The company was also honored as a Top 30 Retail Partner, a testament to Valvoline’s ongoing efforts to amplify its renewable energy usage. These initiatives align with the company's goals to enhance its sustainability practices and decrease its environmental footprint.

Additionally, the launch of Valvoline's new community impact platform, Happy to Help, has been a pivotal step forward. This initiative focuses on youth health and mental well-being, underscoring the company’s commitment to social responsibility. Furthermore, Valvoline achieved another record year with donations to its national non-profit partner, Children's Miracle Network® Hospitals, demonstrating its dedication to supporting child health initiatives across North America.

To facilitate the growth of its operational network, Valvoline has expanded professional development opportunities for service center employees. This initiative coincides with the expansion of its stores in both the U.S. and Canada, helping to build a knowledgeable workforce better equipped to meet the needs of customers.

For readers interested in the full details of Valvoline Inc.’s comprehensive initiatives and achievements, the complete Impact Report is available online. This report, prepared following the Global Reporting Initiative (GRI) Standards, adheres to established guidelines that ensure transparency and accountability in corporate sustainability practices. It is also aligned with the Sustainability Accounting Standards Board (SASB) standards specific to Multiline and Specialty Retailers and Distributors.

Valvoline Inc. operates over 2,000 franchised and company-operated service centers, providing an array of quick and reliable automotive services including stay-in-your-car oil changes and recommended maintenance tasks. Each year, Valvoline completes more than 28 million services, emphasizing its commitment to convenience and quality for its customers. At the core of these operations are the dedicated 11,000 team members who strive to advance the company’s efforts in growth and innovation, setting a robust foundation for the future of vehicles and automotive service.

For additional information on the impact Valvoline is making in the automotive sector as well as its social contributions, you can visit vioc.com.

Topics Consumer Products & Retail)

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