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 2020,
US$ 390 million was spent on social actions, of which US$ 109 million on health to
support the fight against COVID-19, in addition to investments mainly in infrastructure and mobility and social
protection.
| Resources applied by theme/type (US$ million) |
2017 |
2018 |
2019 |
2020 |
|
|
|
|
|
Company's own resources
|
125.26 |
116.12 |
112.36 |
93.02 |
Mitigating
|
- |
- |
- |
7.15 |
| Mandatory |
86.24 |
71.45 |
42.71 |
30.35 |
Voluntary
|
39.02 |
44.67 |
69.65 |
55.52 |
Tax incentive mechanisms / Tax benefit
|
0.21 |
.,42 |
- |
50.8 |
| Brumadinho reparation |
- |
- |
77.90 |
137.35 |
Covid-19
|
- |
- |
- |
108.78 |
| Total Geral |
125.47 |
116.54 |
190.26 |
390.05 |
Resources applied by theme/type (US$ millions)
Own initiative
2017
Mitigating: -
Mandatory: 86.24
Volunteer: 39.02
Total: 125.26
2018
Mitigating: -
Mandatory: 71.45
Volunteer: 44.67
Total: 116.12
2019
Mitigating: -
Mandatory: 42.71
Volunteer: 69.65
Total: 112.36
2020
Mitigating: 7.15
Mandatory: 30.35
Volunteer: 55.52
Total: 93.02
Resources Incentivized
2017
0.21
2018
0.42
2019
-
2020
50.89
Brumadinho reparation
2017
-
2018
-
2019
77.90
2020
137.35
Covid-19
2017
-
2018
-
2019
-
2020
108.78
Total
2017
125.47
2018
116.54
2019
190.26
2020
390.05
In 2020, US$ 251 milions were spent in cash
contributions and US$ 139 milions in In-kind giving: product or services donations,
projects/partnerships or similar (Dow Jones classification).
| Funds applied (in US$ million) |
2017 |
2018 |
2019 |
2020 |
|
|
|
|
|
| Support to Entities |
2.76 |
2.58 |
3.72 |
7.77 |
| Traditional Communities and Indigenous Peoples |
21.06 |
32.99 |
32.37 |
24.93 |
| Culture |
11.93 |
11.85 |
29.50 |
20.49 |
| Education |
6.52 |
4.71 |
7.94 |
20.77 |
| Studies and Monitoring |
2.00 |
2.03 |
5.96 |
5.54 |
| Work and income generation |
13.64 |
10.61 |
13.17 |
11.14 |
| Infrastructure and mobility |
47.32
|
42.23 |
9.06 |
47.60 |
| Social Protection |
0.84 |
0.21 |
1.14 |
39.43 |
| Resettlements |
9.51 |
0.40 |
2.51 |
37.45 |
| Health |
3.51 |
3.43 |
4.10 |
122.19 |
| Community Safety and Safety |
0.00 |
0.01 |
0.01 |
15.97 |
| Other |
6.38 |
5.50 |
80.78 |
36.76 |
Total
|
125.47 |
116.54 |
190.26 |
390.05
|
Funds applied (in US$ million)¹
Support to Entities
2017
2.76
2018
2.58
2019
3.72
2020
7.77
Traditional Communities and Indigenous Peoples
2017
21.06
2018
32.99
2019
32.37
2020
24.93
Culture
2017
11.93
2018
11.85
2019
29.50
2020
20.49
Education
2017
6.52
2018
4.71
2019
7.94
2020
20.77
Studies and Monitoring
2017
2.00
2018
2.03
2019
5.96
2020
5.54
Work generation and income
2017
13.64
2018
10.61
2019
13.17
2020
11.14
Infrastructure and mobility
2017
47.32
2018
42.23
2019
9.06
2020
47.60
Social Protection
2017
0.84
2018
0.21
2019
1.14
2020
39.43
Resettlements
2017
9.51
2018
0.40
2019
2.51
2020
37.45
Health
2017
3.51
2018
3.43
2019
4.10
2020
122.19
Community Safety and Safety
2017
0.00
2018
0.01
2019
0.01
2020
15.97
Other
2017
6.38
2018
5.50
2019
80.78
2019
36.76
Total
2017
125.47
2018
116.54
2019
190.26
2020
390.05
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.
