Our Commitments
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
Take care of our people
Seek zero accidents, develop a team of professionals who are trained and accountable for their decisions,
and be a great place to work, with motivated people, development opportunities and quality of life.
Embed
sustainability into our business
Build economic, social and environmental legacies in the regions where we are present, mitigating the
impacts of our operations on adjacent communities and promoting sustainable practices throughout our value
chain. In addition, secure our licence to operate through integrated action, dialogue and transparency with
our stakeholders.
Manage our portfolio with discipline and
efficiency
Be austere in our use of financial resources, focus on high-profitability assets, and attract partners to
boost growth and manage risks.
Focus on iron ore
Reinforce our leadership in iron ore by increasing the supply and quality of our products without raising
costs, thereby recovering our market share.
Grow through
world-class assets
Emphasize value creation over additional volume, focusing on competitive assets and projects that have
scale, are expandable and can sustain multiple economic cycles, in iron ore, nickel, fertilizers, copper
and metallurgical coal.
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:
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.