Social Investment
Vale makes socioeconomic investments in the regions where it
operates, and also in initiatives that contribute to the development of
society. Below are definitions of the types of investments:
Mandatory investments:
Actions to meet social and environmental programs that are directly
related to the compliance with conditions (defined in a licensing
process), court judgments (or equivalents) or by force of law.
Mitigating investments:
Actions to address non-formalized impacts in a licensing process or
legal obligations.
Voluntary investments:
Social, environmental, cultural and institutional actions which
are unrelated to the impacts of Vale’s operation, carried out with
the company’s own resources or from fiscal incentive mechanisms.
Social Expenditures
In 2021, US$473 million were dispent on social actions,
of which US$44 million on health to support the fight against COVID, in
addition to investments mainly in infrasctruture and mobility and social
protection.
| Resources applied by theme/type (US$ million) |
2019 |
2020 |
2021 |
|
|
|
|
Company's own resources
|
112.36 |
93.02 |
150.08 |
Mitigating
|
- |
7.15 |
19.86 |
| Mandatory |
42.71 |
30.35 |
34.34 |
Voluntary
|
69.65 |
55.52 |
95.88 |
Tax incentive mechanisms / Tax benefit
|
- |
50.89 |
126.28 |
| Brumadinho reparation |
77.90 |
137.35 |
152.82 |
Covid-19
|
- |
108.78 |
44.36 |
| Total Geral |
190.26 |
390.05 |
473.53 |
Resources applied by theme/type (US$ millions)
Own initiative
2019
Mitigating: -
Mandatory: 42.71
Volunteer: 69.65
Total: 112.36
2020
Mitigating: 7.15
Mandatory: 30.35
Volunteer: 55.52
Total: 93.02
2021
Mitigating: 19.86
Mandatory: 34.34
Volunteer: 95.88
Total: 150.08
Resources Incentivized
2019
-
2020
50.89
2020
126.28
Brumadinho reparation
2019
77.90
2020
137.35
2020
152.82
Covid-19
2019
-
2020
108.78
2020
44.36
Total
2019
190.26
2020
390.05
2020
473.53
Last update in April, 2022
Last update in April, 2022
In 2021, US$427 milions were spent in cash contributions and US$47
milions in In-kind giving: product or services donations,
projects/partnerships or similar (Dow Jones classification).
| Funds applied (in US$ million) |
2019 |
2020 |
2021 |
|
|
|
|
| Support to Entities |
3.72 |
7.77 |
30.69 |
| Traditional Communities and Indigenous Peoples |
32.37 |
24.93 |
30.62 |
| Culture |
29.50 |
20.49 |
73.31 |
| Education |
7.94 |
20.77 |
21.05 |
| Studies and Monitoring |
5.96 |
5.54 |
3.90 |
| Work and income generation |
13.17 |
11.14 |
13.89 |
| Infrastructure and mobility |
9.06 |
47.60 |
101.85 |
| Social Protection |
1.14 |
39.43 |
44.81 |
| Resettlements |
2.51 |
37.45 |
26.27 |
| Health |
4.10 |
122.19 |
62.04 |
| Community Safety and Safety |
0.01 |
15.97 |
22.05 |
| Other |
80.78 |
36.76 |
43.06 |
Total
|
190.26 |
390.05 |
473.53 |
Last update in April, 2022
Last update in April, 2022
Funds applied (in US$ million)¹
Support to Entities
2019
3.72
2020
7.77
2021
30.69
Traditional Communities and Indigenous Peoples
2019
32.37
2020
24.93
2021
30.62
Culture
2019
29.50
2020
20.49
2021
73.31
Education
2019
7.94
2020
20.77
2021
21.05
Studies and Monitoring
2019
5.96
2020
5.54
2021
3.90
Work generation and income
2019
13.17
2020
11.14
2021
13.89
Infrastructure and mobility
2019
9.06
2020
47.60
2021
101.85
Social Protection
2019
1.14
2020
39.43
2021
44.81
Resettlements
2019
2.51
2020
37.45
2021
26.27
Health
2019
4.10
2020
122.19
2021
62.04
Community Safety and Safety
2019
0.01
2020
15.97
2021
22.05
Other
2019
80.78
2019
36.76
2019
43.06
Total
2019
190.26
2020
390.05
2021
473.53
¹ Investments includes Brumadinho expenses.
Management of Social Investments
Seeking to optimize and strengthen our social agenda, we created the
Social Investment Board, integrated with the Sustainability and
Institutional Relations Executive Board. The board brings together the
company's social, cultural, and environmental projects and programs
of a Mandatory and Voluntary nature.
Guidelines for investments:
Vale does not undertake actions that are constitutional obligations of
the government. However, it may act, in partnership with the public
authorities, the third sector, or other private entities, in projects to
strengthen public policies to guarantee compliance with these
obligations. Neither does it invest in actions of a religious nature,
except when they also have cultural significance for society.
Private Social Investment
Vale Foundation
The Vale Foundation has a major purpose in social development.
Present in Espírito Santo, Maranhão, Mato Grosso do Sul, Minas
Gerais, Pará and Rio de Janeiro, the Vale Foundation seeks to
strengthen public policies and contribute to the promotion of
structural social transformations in the territories in which Vale
operates. In a collaborative way, it develops and supports
initiatives that seek to improve the population's access to
their essential rights, contributing to the integral development of
the human being and to the construction of a more just society.
Vale Fund
It is a promotion and investment fund to boost businesses with a
positive socioenvironmental impact. It acts with the objective of
strengthening a sustainable, fair and inclusive economy, especially in
the Amazon. Based on the premise that it will only be possible to
guarantee environmental sustainability through an economy that values
standing forests and environmental regeneration, it invests in more
sustainable production chains that offer alternatives for generating
income and for reducing pressure on natural resources.
Strategically, it supports from innovative business models, to financial
arrangements and instruments that allow a more sustainable economy to
scale. Objective analyzes, hard data and the experience of those who
experience problems in their day-to-day lives accompany the decisions.
In addition, the Vale Fund collaborates to achieve the company's
sustainability goals.
For more information, visit the
Vale Fund website.
Vale Cultural Institute
For Vale, experiencing culture enables people to broaden their
knowledge, their view of the world, and to create new perspectives for
the future. In this sense, for almost two decades the company has been
investing in and seeking to encourage the many manifestations of
Brazilian culture, in all its diversity.
The Vale Cultural Institute was created in 2020 with the aim of
strengthening Vale's role in culture, valuing cultural heritage,
democratizing access to culture, and promoting artistic expression.
The Institute supports and sponsors projects all over Brazil, and
consolidates the management of four museums and cultural centers in the
states of Minas Gerais, Maranhão, Espírito Santo and Pará. Its core
activities are: heritage, museums and cultural centers, music, and
festivities. Learn more about it at the
Home
Vale Volunteer's Network
Vale's corporate volunteering program was created in 2004,
with the purpose of bringing people together through the desire to
contribute to the improvement of society, through voluntary
action.
In 2020, during the Covid-19 pandemic, a digital platform was
created to securely ensure greater scope and agility in the
mobilization of initiatives. The program is now called Rede
Voluntária Vale and counts on the participation of Vale employees
and also other people outside the company, such as family and
friends. Currently, the Network is organized into Regional
Committees, in 7 states.
Learn more (portuguese only)
Business Case
Vale Music
For more than 20 years, Vale has been supporting musical education
projects for children and young people. The first was in 2000 and since
then several have taken place. More than just adding up, the projects
are now partners of the Vale Music Program!
The Vale Music Program is a Vale initiative that aims to encourage and
strengthen the education of children, adolescents and young people
towards concert music in Brazil. With a collaborative network among the
sponsored music projects of Vale, the program seeks to increase the
teaching and learning of participants, by performing:
Partner Projects of the Vale Music Program
The Vale Music Program takes place in the states of Minas Gerais,
Espírito Santo, Mato Grosso do Sul, Pará and Rio de Janeiro.
Vale Música Belém has been in existence for 15 years. It is for
public school students in the capital of Pará and has trained over
1.000 professional musicians.
Moinho Cultural Sul-Americano is a non-governmental organization and
provides free lessons to 360 children and adolescents from Corumbá
and Ladário, MS, and from the Bolivian cities of Puerto Suarez and
Puerto Quijarro.
Vale Música Serra has been active since 2012 at the Knowledge
Station in the municipality of Serra, Espírito Santo. It has 200
students from the public school network and residents from the city
or from Grande Vitória.
The Orquestra Ouro Preto was founded in 2000 and promotes art by
spreading concert music, in all its diversity, with a focus on the
education of new audiences.
The Orquestra Sinfônica Brasileira is one of the oldest orchestras
in Brazil and has been developing projects and partnerships to
contribute to the teaching of music in the country.
The Polo Vale Música Brumadinho was inaugurated in September 2019
and is an area of the Knowledge Station of Brumadinho, where lessons
take place with shared instruments and much playfulness.
