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:

Board diversity; Board nomination; Compensation; ESG disclosure; Gender balance; Climate change.

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

Our strategic pillars contribute to achieving our purpose: to improve life and transform the future. Together.

Strategic pillars

i) Promote sustainable mining​
- People-driven​
- Reliable operator​
- Benchmark in safety and dam management​
- Shared value​
- Nature positive​ ​

ii) Foster low carbon solutions​
- Focused on high quality products and resources​
- Iron Solutions​
-  Energy transition metals​
- Circular mining​ ​

iii) Stay disciplined​
- Efficient capital allocation​
- Attractive cash return to shareholders​
- Strong balance sheet​
- Cost and capex efficiency

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

Recover and protect 100,000 ha of degraded land beyond our boundaries

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

Eliminate main ESG gaps in relation to best practices

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.

Together we want to:
We can transform the world in many ways. We choose to contribute and improve life, to everyone.

Our Social Ambition

"To be a partner company in the development of resilient communities, engaged in relevant issues to humanity and committed to sustainable mining"

Social Pillars

Sustainable Mining; Resilient Communities; Global Causes
Comprehending the pillars:

Commitments 2030

Other commitments

   
Reduce events with community members by 10%.
   
100% of the priority communities with Community Relationship Plans.
For more information about other short, medium and long-term social KPIs, please click here.

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.

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