Home Our Approach Our Strategy and Commitments Our Strategy and Commitments Our Strategy Our strategic pillars contribute to achieving our mission: to transform natural resources into prosperity and sustainable development. New strategic pillars Safety and operational excellence To transform the way we operate with regard to three interconnected themes: (i) safety and risk management, (ii) assets management, and (iii) organization, processes and culture through the Vale Production System(VPS). New pact with society To positively impact society, going beyond taxes, social projects and reparation in Brumadinho, by becoming a development enabler in the areas where 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. Discipline in capital allocation To keep focus on value creation and the safety of assets, investing in the sustainability of production and in protecting and increasing margins. Our Commitments People In our business decisions, prioritize the safety of people and the environment, acting with respect, care and integrity. Build a positive social, economic and environmental legacy where we operate. Safety Make Vale one of the safest and most reliable mining companies in the world. Reparation Fully repair Brumadinho, taking the lead to bring dignity back to the affected families and communities. 2030 Commitments Be a sustainable operator, local development catalyst and global sustainability agent. Our global sustainability goals are in line with the Sustainable Development Goals (SDG) of the United Nations 2030 Agenda. Previous goals (2018) Energy 100% self-generation of clean energy in Brazil Forest Recover and protect 100,000 ha of degraded land beyond our boundaries Water Reduce new water collection by 10% Climate Change Reduce greenhouse gas emissions by 16% Socioeconomic Contribution Health care, education and income generation Reviewed for more ambitious goals (2019) Energy 100% self-generation of clean energy globally Forest Recover and protect 500,000 ha of degraded land beyond our boundaries Water Reduce new water collection by 10% Climate Change Reduce greenhouse gas emissions aligned with the Paris Agreement, and become carbon neutral by 2050 Socioeconomic Contribution Health care, education and income generation Environmental, Social and Governance (ESG) Gaps Eliminate main ESG gaps in relation to best practices Caption: New targets Since 2018, Vale has been increasing its engagement with key ESG stakeholders through webinars, non-deal roadshows and the development of a dedicated website, the ESG Portal. Throughout 2019, Vale's main ESG gaps were mapped against best practices. Vale is committed to eliminating these main gaps by 2030, and to its goals to reduce greenhouse gas emissions, self-generate energy, make socioeconomic contributions, conduct reforestation and forest protection activities, and reduce new water intake. The action plan presents the main initiatives mapped and their expected dates for conclusion.Click here and get to know this plan.
