Our Strategy and Commitments
Our Strategy and Commitments
Environmental, Social and Governance (ESG) at Vale
Vale is exploring ways to improve shareholder communications and engagement. Our investor engagement program has evolved and by opening up and listening to a wide range of perspectives, we are developing practices in a manner that best supports our business and our culture.
Our highlights are:
Vale is committed to integrating sustainability into its business by building a strong and positive economic, social and environmental legacy and mitigating the impacts of its operations.
Therefore, we seek to build strong and lasting relationships with our stakeholders, invest inmitigating the effects of our activities, work with high ethical standards, have transparentmanagement and actively contribute to advances related to the environment, biodiversity and sustainable development.
Our Strategy
New strategic pillars
Safety and operational excellence
To transform the way we operate with regard to three interconnected themes: (i) safety and risk management, (ii) assets management, and (iii) organization, processes and culture through the VPS (Vale Production System).
New pact with society
To positively impact society, going beyond taxes, social projects and reparation of Brumadinho, by becoming a development enabler in the areas where we operate and fostering a safer and more sustainable mining industry.
Base Metals transformation
To keep on track with the transformation of the Base Metals business unit, applying best practices throughout all its operations.
Discipline in capital allocation
To keep focus on value creation and the safety of assets, investing in the sustainability of production and in protecting and increasing margins.
Maximize flight to quality in Iron Ore
To leverage our strengths in Vale’s world-class reserves, assets and logistics to maximize the value in our premium portfolio of products.
Our Commitments
People
In our business decisions, prioritize the safety of people and the environment, acting with respect, care and integrity. Build a positive social, economic and environmental legacy where we operate.
Safety
Make Vale one of the safest and most reliable mining companies in the world.
Reparation
Fully repair Brumadinho, taking the lead to bring dignity back to the affected families and communities.
2030 Commitments
Be a sustainable operator, local development catalyst and global sustainability agent. Our global sustainability goals are in line with the Sustainable Development Goals (SDG) of the United Nations 2030 Agenda.
Previous goals (2018)
Energy
100% self-generation of clean energy in Brazil
Forest
Water
Reduce new water collection by 10%
Climate Change
Reduce greenhouse gas emissions by 16%
Socioeconomic Contribution
Health care, education and income generation
Reviewed for more ambitious goals (2019)
Energy
100% consumption
of renewable eletricity in Brazil by 2025 and 100% consumption of clean energy globally
Forest
Recover and protect 500,000 ha of areas
Water
Reduce new water collection by 10%
Climate Change
Reduce greenhouse gas emissions aligned with the Paris Agreement, and become carbon neutral by 2050
Socioeconomic Contribution
Health care, education and income generation
Environmental, Social and Governance (ESG) Gaps
Social Ambition
The world is in transformation. And so is Vale.
The tragedies of Mariana and Brumadinho changed the way we operate forever. We will never forget them, nor will we ever stop working to fully repair their impacts and ensure that such tragedies will never happen again. Furthermore: we are committed to a New Pact with Society.
In the social dimension, we want to be part of alliances and partnerships that articulate solutions to challenges faced by society.
Our Social Ambition
Social Pillars
Commitments 2030
Our Values
Life matters most
We believe that life is more important than material results and goods, and we incorporate this vision in our business decisions.
Act with Integrity
We build relationships od trust and we promote open and transparent communication, acting with respect and integrity.
Value the people who build our Company
We trust people, and together we build a work environment admired by all. We seek lifelong learning and personal growth.
Make it happen
We are engaged, responsible and disciplined about generating results and overcoming challenges. We act in the pursuit of excellence, being sustainable and reliable.
Respect our planet and communities
We are committed to economic, social and environmental development in our business decisions.
