Our strategic pillars are aligned with the reality of the mining industry and they contribute to the achievement of our vision “to be the number one global natural resources company in creating long-term value, through excellence and passion for people and the planet.”
Strategic Pillars
Safety and operational excellence
To transform the way we operate in regards to three interconnected themes: safety and risk management, assets management, and organization, processes and culture (VPS).
New pact with Society
To positively impact society, going beyond taxes, social projects and reparation in Brumadinho, becoming a development enabler in the areas we operate and fostering a safer and more sustainable Brazilian 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 safety of assets, investing in the sustainability of production and in the protection/increase of 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.
Corporate Governance
Our governance structure guarantees the transparency needed for us to have clarity in our positions and
decisions. It is underpinned by policies and guidelines, such as the following:
Security
Our working environments, by their nature, may eventually expose our professionals to some risks regarding their integrity. Therefore, we naturally strive to avoid and mitigate them through implemented controls that must be followed by any and all employee.
In this context, the company has the Golden Rules, which consist of 10 inviolable principles to be fulfilled by all Vale´s own employees and the employees of third parties. They are not a substitute for other Health & Safety regulations and requirements, and, together, they are “shields of protection” for our lives. To learn more about them, click on the image beside.
Ethics and Transparency
Vale’s
Code of Ethical Conduct was updated in 2018, in line with our values, and it reinforces our
commitment to ethics. It presents the concept of conflicts of interest and describes the types of conduct
expected of employees, as well as types that are not tolerated, resulting in disciplinary measures.
To further reinforce our commitment to transparency, in 2013 we created our Ethics
and Conduct Office, in order to promote the continuous enhancement of ethical awareness and to
guarantee our internal and external stakeholders a proactive, transparent, independent and impartial
communication channel to handle allegations.
Relations with Public Authorities
Mining is responsible for major private-sector investments in Brazil and other parts of the world, reinforcing
the importance of public policies compatible with the need for our business to be sustainable.
We maintain continuous dialogue with governmental authorities, preferably through industry associations, in the
countries where we are present. In this way, we seek to participate proactively in the formulation of public
policies and contribute to understanding of our points of view, aiming to establish or maintain a favourable
environmental for the mining sector.