Vale is committed to becoming one of the safest and most reliable mining companies in the world,
always acting with due regard to its basic principle:
life matters most. To achieve this, it is also committed to becoming
a sustainable operator, a driver of local development and global sustainability.
Strategic Pillars
Vale's strategic pillars are suitable for the reality of the mining industry and support our mission
of
“transforming natural resources into
prosperity and sustainable development”.
Discipline in Capital Allocation
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.
New pact with Society
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.
Maximize flight to quality in Iron Ore
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.
Base Metals Transformation
Base Metals Transformation
To keep on track with the transformation of the Base Metals business unit, applying best
practices throughout all its operations.
Safety and Operational excellence
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).
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.
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.
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.
Base Metals Transformation
To keep on track with the transformation of the Base Metals business unit, applying
best practices throughout all its operations.
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).
Our Commitments
People
Put the safety of people and the environment at the core of our business decisions,
acting with respect, care and integrity. Build a positive social, economic and
environmental legacy in areas where we operate.
Safety
Make Vale one of the safest and most reliable mining companies in the world.
Reparation
Fully repair Brumadinho, taking a leading role in restoring the dignity of affected
families and communities.
People
Put the safety of people and the environment at the core of our business decisions,
acting with respect, care and integrity. Build a positive social, economic and
environmental legacy in areas where we operate.
Safety
Make Vale one of the safest and most reliable mining companies in the world.
Reparation
Fully repair Brumadinho, taking a leading role in restoring the dignity of affected
families and communities.
How we operate
Click to learn more
Governance
Safety
Ethics
Networking Partnerships
Governance
Our governance structure provides the transparency and clarity required in our positioning
and decisions. It is guided by policies and guidelines, as follows:
Safety
10 golden rules of security
Due to the nature of our activity, our work environments may end up exposing
professionals to risks to physical integrity or life. Thus, to prevent and mitigate such
risks, Vale has controls that must be followed by all its employees and suppliers
The Golden Rules consist of 10 inviolable principles that are combined with the other
health and safety regulations and requirements established by the company to make the
operation safer. Click on the shield to the side to learn about these rules.
Day of Reflection
To reinforce the importance of safety in the daily lives of our employees, Vale also
created the Day of Reflection, an annual event when we shutdown activities and
mobilize all units worldwide to hold a structured debate about health and safety.
The goal is to consolidate the culture of genuine active care and accident prevention
in the company, review past failures, and discuss the lessons learned. Awards
received by the initiative include the Cannes Corporate Media & TVAwards, Gold Quill
– IABC, and the ILO World Congress on Health and Safety Award.
Reflexion Day
Tribute to victims of fatal accidents at Vale in 2019
Ethics and Transparency:
Vale's Code of Conduct was updated in 2018 to reflect our values
and reinforce our commitment to ethics, introducing the concept of conflict of interest and
a description of the behaviors expected from employees as well as those unacceptable and
subject to disciplinary measures.
Created in 2013 to further strengthen our commitment to transparency, the Conduct
Office promotes continuous ethical awareness and is a proactive, transparent, independent
and impartial channel for addressing complaints from internal and external stakeholders.
Government Relations:
Mining accounts for large private investments in Brazil and other parts of the world, hence
the importance of public policies that will enable the sustainability of our business. For
that reason, we maintain an ongoing dialogue with government agencies in the countries where
we operate – preferably through institutions and professional associations. We strive to
participate proactively the development of public policies and in sharing our views, seeking
to establish or maintain a favorable environment for the mineral industry.
In this scenario, we collaborate with international and regional organizations by engaging
in discussions about environmental, commercial, energy, sustainable development, and
transparency policies, among others. Learn about some of these partnerships below.
- Voluntary Principles Initiative
-
Vale became a member of the Voluntary Principles Initiative in November 2016
– although its safety activities have been aligned with these principles
since 2007 –, reinforcing Vale's core value that “life matters most.” The
implementation of the Voluntary Principles on Security and Human Rights
brings a valuable peer learning experience and guides the company's safety
and human rights programs and procedures.
- International Council on Mining & Metals (ICMM)
-
ICMM is an international organization that brings together mining companies
around the world dedicated to promoting a safer, more equitable and
sustainable mining industry. As a member of ICMM, Vale also joined the
Position Statement on Indigenous People and Mining.Read the full document here.
- Extractive Industry Transparency Initiative (EITI)
-
Vale publicly announced its support for the Extractive Industries
Transparency Initiative (EITI) in 2009. Initially, Vale's support for EITI
was coordinated by the International Mining and Metals Council (ICMM). In
2014, Vale decided to strengthen its support and endorsed this important
initiative directly.
- United Nations Global Compact
-
Since 2007, we have been signatories and following the ten principles
proposed by the Global Compact 11. In 2010, we accepted UN’s invitation to
join the Global Compact Lead platform, which brings together companies
leading sustainability issues and already engaged in the Global Compact
initiative.
- Columbia Center on Sustainable Investment (CCSI)
-
It seeks to push forward a sustainable development agenda via partnerships
between investors, academia and governments, reaffirming the pivotal role
played by responsible investors. Vale is a founding member and major sponsor
of the former VCC, a partnership between Instituto Terra and Columbia Law
School in the United States, led by the renowned developmental economist and
professor Jeffrey Sachs.
- Business and Industry Advisory Committee (BIAC) to the OECD
-
We actively monitor and participate in committees that are relevant to our
industry, such as the Committee on Raw Materials, Corporate Governance,
Sustainable Development, Environment, Energy and Trade, among others. As a
member of the Organization for Economic Cooperation and Development (OECD),
we also participate in committees related to our business, including the
Steel Committee, and in working groups like the Policy Dialogue on Natural
Resource-Based Development and the Advisory Group on Meaningful Stakeholder
Engagement and Due Diligence in the extractive sector.
- Brazilian Mining Institute (Ibram)
-
We take part in several initiatives and Special Programs run by the Institute
and other partners, aiming at fostering sustainable development through
studies, manuals, guides, research, innovation and the use of the latest
technologies available.
- World Business Council for Sustainable Development (WBCSD)
-
We support the development of WBCSD’s Action Plan 2020, which is a roadmap
for companies to meet the challenge of creating a sustainable planet by
2050, including suggestions of public policies and business solutions. In
2014, our main contribution was to working groups on climate change,
ecosystems, talents, jobs, basic needs and basic rights.
- Other global partners
-
Business for Social Responsibility (BSR)
Centre National de Recherche Technologique Nickel et Son Environnement (CNRT
Nickel) Cobalt Development Institute
OECD Business and Industry Advisory Committee (BIAC)
World Business Council for Sustainable Development (WBCSD)
Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund)
Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria (GBC)
International Chamber of Commerce (ICC)
United Nations Global Compact
Sustainable Development Solutions Network (SDSN)
Reputation Institute Sustainability 50
The Nickel Institute
- Regional partners
-
BRICS Business Council
European Association of Metals (Eurometaux)
European Steel Association (Eurofer)
Brazil-Canada CEOs Forum
Brazil-USA CEOs Forum
Latin American Iron and Steel Institute (ILAFA)
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