Transparency

Transparency

Transparency

Since 2009 Vale has publically declared its support for the EITI in its Sustainability Report and reiterates its commitment annually. Initially, Vale's support of the Extractive Industry Transparency Initiative (EITI) was through its membership of the International Council of Mining and Metals (ICMM). In 2014, in order to reinforce its support for the EITI, Vale decided to directly endorse this important initiative.

There is currently a great deal of debate surrounding the most effective way of promoting greater transparency in the extractive industry. Our transparency reporting strategy continues to evolve and improve year on year as we look to maintain best practices, so as to stay ahead of regulatory developments. Multiple country-by-country reporting requirements will affect the mining industry in the near future and we encourage the various stakeholders driving these initiatives to work together in determining a consistent approach that achieves the objective of greater transparency, but does not impose significant additional costs on businesses.

As a leading company in the extractive industry and the world's largest supplier of iron ore, we fully comply with regulations in the countries where we operate. We also believe that it is essential to demonstrate our contribution to governments and local economies as part of good corporate citizenship.

Check out Vale other institutional partners

Find out more

Find out more

Close

Send this page by email

Separate emails by commas