Valvoline Inc. (NYSE: VVV) shares were fairly flat in the early going on Wednesday, as the preventive automotive maintenance company announced the release of its Corporate Social Responsibility report, highlighting its fiscal year 2023 people, safety, environmental, and innovation initiatives.
The report reveals that Valvoline continues to diversify its talent pools and pipelines, with women representing 48% of management. In 2023, four out of seven (57%) executive officers at Valvoline were women, including its President and CEO, Chief Financial Officer, Chief Legal Officer, and Chief Accounting Officer.
The company raised over $1.2 million across the United States and Canada for the Children's Miracle Network Hospitals, once again placing the company in Children's Miracle Network's Million Miracle Club.
Company-owned service centers recycled nearly every product used in core service offerings, allowing the company to divert nearly 500 tons of standard trash from landfills in 2023 and to increase recycled waste oil by 39% over 2022.
"This report marks an important milestone for our company as it is our first CSR report issued as a pure-play, high-growth retailer following the sale of Valvoline Global Products," said Valvoline Inc. President and CEO Lori Flees. "We look forward to further advancing our corporate, social and environmental efforts as we continue to grow as a retail-focused company."
VVV shares gained but three cents at Wednesday’s open to $42.16.
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