External Socio-Environmental and Institutional Expenditures are expenses of any nature intended to meet and/or benefit society. These expenditures are used toward fulfilling formal obligations, meeting commitments, preventing or mitigating damage arising from Vale’s production process, and implementing projects aligned with our social ambition, business strategy and sustainability strategy.
To integrate sustainability into our business and build an economic, social, and environmental legacy, we establish partnerships and implement projects in areas such as health, education, job and income generation, culture, biodiversity preservation and conservation, among others, contributing to regional development and transformation of people's lives.
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Governance over external expenditures
External expenditures are regulated by a specific policy and can be carried out by all Vale areas, respecting the premises, guidelines, restrictions and evaluation/approval flow established in this document.
All projects carried out in this process are subject to prior assessment by the social, environmental and institutional regulatory areas and by Vale's Corporate Integrity area.
To protect the company and the beneficiaries of the projects, Vale carries out due diligence and assesses whether the external expenditure complies with the rules of our Ethics & Compliance Program.
Investments that damage life, society, the environment or Vale's reputation are not allowed.
For additional information, see Vale’s Policy on Social, Environmental and Institutional Expenditure.
Vale Archive
Use of incentive law resources
We have sought to strengthen the Councils of Directors and the proposing institutions so that they appropriate two processes, aiming to support public policies and increase the number of projects approved in municipalities and communities in which Vale atua.
It should be noted that Vale is the company that most allocates resources incentivized through the federal Sports and Culture Incentive Laws, being one of the main investors in these areas in Brazil. The amount of available resources varies annually according to the company's performance, and its use depends on the existence of projects and institutions that meet the legal requirements established by regulatory bodies and the internal and strategic criteria of Vale.
In the cultural area, resources are managed by the Vale Cultural Institute, created in 2020, with a focus on the democratization of access to culture and support for the social development of two territories. The reviews linked to other incentive laws are intended as support from Fundação Vale, which acts mainly as the strengthening of public policies in various areas.
By the numbers
In 2024, Vale contributed USD 2.1 billion in socio-environmental and institutional expenditures, including those related to Brumadinho:
-
USD 1.2 billion was earmarked for environmental initiatives, especially environmental liabilities, atmospheric emissions and water resources.
-
USD 0.9 billion was earmarked for social and institutional initiatives, with emphasis on infrastructure and mobility actions, assistance and protection social, Traditional Communities and Indigenous Peoples and culture. 40% of the social initiatives are related to discretionary investments and operational impact management (USD 340 million), 26% are compliance (USD 228 million) and 34% are investments from Incentivized Resources (USD 292 million). Institutional investments total USD 41 million.
For further details, see the table below:
Vale Archive
External expenditures on social and institutional initiatives
| Resources applied by theme/type (US$ million) | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
Reparation – Brumadinho
|
137.35
|
152.82
|
1,344.40
|
262.21
|
Voluntary Investment and Institutional Relations*
|
215.20
|
266.51
|
196.11
|
-
|
Company-funded
|
164.21
|
140.23
|
101.78
|
109.54
|
Health
|
114.32
|
49.99
|
24.31
|
15.90
|
Education
|
9.43
|
8.18
|
13.03
|
12.01
|
Support for organizations
|
5.57
|
10.27
|
10.41
|
14.78
|
Safety
|
7.70
|
19.42
|
9.24
|
1.93
|
Traditional and Indigenous Communities
|
3.04
|
8.27
|
8.23
|
7.74
|
Culture
|
4.91
|
7.48
|
7.08
|
7.95
|
Jobs and Livelihoods
|
6.14
|
2.86
|
4.95
|
5.66
|
Infrastructure and Mobility
|
5.84
|
21.76
|
3.29
|
3.96
|
Other
|
7.26
|
12.02
|
21.22
|
39.60
|
Tax-Deductible Funds
|
50.99
|
126.28
|
94.33
|
-
|
Culture Incentive Act
|
28.68
|
65.70
|
53.96
|
-
|
Elderly Fund
|
7.14
|
19.95
|
13.49
|
-
|
Youth Fund (FIA)
|
7.14
|
19.58
|
13.39
|
-
|
Sports Incentive Act
|
7.00
|
18.53
|
13.49
|
-
|
Other**
|
1.03
|
2.52
|
-
|
-
|
Operational Impact Management*
|
7.15
|
19.86
|
37.61
|
60.38
|
Compliance with Obligations*
|
30.35
|
34.34
|
31.22
|
114.35
|
Grand Total
|
390.05
|
473.53
|
1,609.34
|
677.25
|
| Resources applied by theme/type (US$ million) | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
Obligation
|
34.34
|
31.22
|
144.35
|
80.48 |
Discretionary
|
140.23
|
101.78
|
109.54
|
241.77
|
Health
|
49.99
|
24.31
|
15.40
|
3.10
|
Support for organizations
|
10.27
|
10.41
|
14.78
|
21.81
|
Education
|
8.18
|
13.03
|
12.01
|
10.03 |
Culture
|
7.48
|
7.08
|
7.95
|
8.58
|
Traditional Communities and Indigenous Peoples
|
8.27
|
8.23
|
7.74
|
9.51
|
Work and income generation
|
2.86
|
4.95
|
5.66
|
6.10
|
Infrastructure and mobility
|
21.76
|
3.29
|
3.96
|
5.88
|
Safety
|
19.42
|
9.24
|
1.93
|
5.01
|
Other
|
12.02
|
21.22
|
39.60
|
171.76
|
Operational impact management
|
19.86
|
37.61
|
60.38
|
50.37
|
Public Resources
|
126.28
|
94.33
|
130.78
|
292.29
|
Brumadinho Reparation
|
152.82
|
1.344,40
|
262.21
|
320.38
|
Total Geral
|
473.53
|
1.609,34
|
677,25
|
985.29
|
* Excludes external expenditure on Brumadinho reparation activities, as these have been reported in a separate line item due to their significance. See here for further information.
** PRONON (National Cancer Care Program) and PRONAS/PCD (National Health Care Program for People with Disabilities).
Main social and environmental investment vehicles
The Vale Foundation is a corporate organization of the third sector that serves to strengthen public policies and social development in the territories of the company in Brazil.
Present in Espírito Santo, Maranhão, Minas Gerais, Pará and Rio de Janeiro, Vale Foundation aims mainly to collaborate for the generation of income and melliance of public health and education, cooperating with municipal secretaries, social institutions and investing partners to promote dignified life and autonomy for the communities in two territories Vale adjustment.
Learn more: https://www.fundacaovale.org/
Vale believes that immersing in culture provides individuals with the opportunity to expand their knowledge, broaden their worldview, and create a new outlook on life. We invest in Brazilian cultural expressions in all their diversity through the Vale Culture Institute.
Established in 2020 to build on and amplify Vale’s more than two decades of investment in culture, the Institute supports and sponsors projects across Brazil, with focal areas including: Vale-owned museums and cultural centers, music and dance, heritage preservation, and festivals.
The Institute manages four cultural venues with free admission and outreach activities for diverse audiences: Memorial Minas Gerais Vale (MG), Museu Vale (ES), Centro Cultural Vale Maranhão (MA) and Casa da Cultura de Canaã dos Carajás (PA).
Learn more: https://institutoculturalvale.org/en
The Vale Fund supports businesses with a positive social and environmental impact, helping to build a sustainable, fair, and inclusive economy, with a particular focus on the Amazon in Brazil.
It invests in more sustainable value chains that sustain new livelihoods and minimize impacts on natural resources, strategically supporting innovative business models, financial arrangements, and instruments to scale a sustainable backbone economy. In addition, the Vale Fund supports Vale’s broader sustainability goals, such as the 2030 Forest Goal.
Learn more: https://www.fundovale.org/en
ITV is a private institution dedicated to advancing science, technology, and innovation. A non-profit organization sponsored by Vale, ITV develops educational resources, research, and technological solutions for sustainability and mining.
The Institute offers two programs accredited by CAPES (Office for Improvement of Higher Education Faculty): a professional master’s degree program in Sustainable Use of Natural Resources in Tropical Regions and a program in Mining Process Instrumentation, Control, and Automation.
Learn more: https://www.itv.org/en
Vale Volunteering Network
The Vale Voluntary Network is organized in regional committees, located in six states in Vale in Brazil: Pará, Maranhão, Bahia Espírito Santo, Minas Gerais and Rio de Janeiro. These committees are responsible for planning, guiding and executing voluntary actions in our territories, mobilizing thousands of volunteers, including employees and people outside the company, united by empathy and a commitment to transforming realities.
Guided by the purpose of contributing to improving the quality of life in the regions where we are present, volunteers dedicate their time, talent and knowledge for the collective good. In 2024, approximately 280 volunteer actions were carried out, benefiting more than 220 thousand people in several cities across the country.
Learn more: https://redevoluntariavale.com.br/
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