Vale | Council for Inclusive Capitalism

Vale is a global mining company whose mission is to transform natural resources into prosperity and sustainable development. Headquartered in Rio de Janeiro, the company is one of the world's biggest producers of iron ore and nickel. In addition, Vale produces iron ore pellets, manganese ore, ferroalloys, coal, copper, platinum group metals (PGMs), gold, silver and cobalt. We operate a large logistics system in Brazil and other regions of the world, including railroads, marine terminals, and ports, integrated with our mining operations.

Purpose

We exist to improve life and transform the future. Together.

Values

• Life matters most.

• Act with integrity.

• Value the people who build our company.

• Make it happen.

• Respect our planet and communities.

Key Behaviours

Obsession with safety and risk management.

• Open and transparent dialogue.

• Empowerment with accountability.

• Ownership for the whole.

• Active listening and engagement with society.

Levers

• Safety.

• VPS (Vale’s integrated management system).

• People.

• Innovation.

• Sustainability

Our Ambitions

• A benchmark in safety.

• A best-in-class reliable operator.

• A talent-driven organization.

• A leader in sustainable mining.

• A reference in creating and sharing value.

Eduardo Bartolomeo

CEO, Vale

Find out more

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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People

Planet

Principles of Governance

Prosperity

Summary

Vale S.A. will Double the representativeness of women in our workforce, from 13% to 26%, by 2025.

Activities & Initiatives

Our diversity, equity and inclusion strategy aims to strengthen a culture that promotes and values an inclusive environment and addresses the challenges mapped out through affirmative policies. Since 2019, we have been addressing structured initiatives to create working conditions and opportunities that promote representation related to gender, race, and people with disabilities, among other fronts.

Measures & Targets

Vale monitors and measures the progress of this commitment as part of the company’s sustainability indicators. Its performance can be monitored through the annual publication of the company’s Integrated Report and the Vale ESG Portal.

Summary

Vale will restore 100,000 hectares of areas beyond the company's borders by 2030.

Activities & Initiatives

Vale’s forest commitment involves 500,000 hectares: conservation of 400,000 hectares of forest and restoration of 100,000 hectares of degraded areas through Fundo Vale, a network of partners and positive social and environmental impact business arrangements. This work will generate income and jobs while helping restore biomes, which in turn will sequester carbon from the atmosphere during the growth phase of trees. The objective is to strengthen the regenerative business environment, permitting scale gains in more sustainable production chains and positive social and environmental impacts.

Measures & Targets

Summary

Vale will reduce 33% absolute scope 1 and 2 emissions target by 2030 (baseline 2017) and become net zero by 2050.

Activities & Initiatives

Vale’s decarbonization strategy is public and based on a global policy. The commitments are aligned with the Paris Agreement and addressed by a robust governance structure that includes the Low Carbon Forum, a governance structure that monitor performance and which strives to ensure delivery of the climate agenda, which includes the periodic participation of the Executive Board and Vale’s leadership.

Measures & Targets

Summary

Vale will reduce 15% of Scope 3 emissions by 2035 (baseline 2018).

Activities & Initiatives

Measures & Targets

Vale understands the importance of providing transparency on our roadmap for the delivering emissions reduction and Net-zero targets, so it has been disclosing information on the Carbon Disclosure Project (CDP) since 2003, in Vale’s ESG Portal, and published its first climate report in 2021.

Summary

Vale will help to lift 500,000 people out of extreme poverty

Activities & Initiatives

The design of this commitment is the result of work that involved stakeholder engagement, an analysis of the social context in the countries where we operate, and benchmark studies. By launching this commitment, Vale wants to promote resilient communities by supporting sustainable development in the territories where the company operates and contributes to greater social justice by implementing education, health, and income generation projects;

Measures & Targets

Vale created this commitment in 2021 and will monitor and measure its progress through the annual publication of the company’s Integrated Report and the Vale ESG Portal.

Summary

Vale will protect 400,000 hectares of areas beyond the company's borders by 2030.

Activities & Initiatives

Measures & Targets

Sign up your company

Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.