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Social Investment

Vale makes socioeconomic investments in the territories 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:

Private Social Investment in Planned, monitored and systematic social, environmental, cultural and scientific 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 in infrastructure and mobility, social protection.

Resources applied by theme/type (US$ million) 2017 2018 2019 2020
Own initiative
125.26 116.12 112.36 93.02
Mitigating
- - - 7.15
Mandatory 86.24 71.45 42.71 30.35
Volunteer 39.02 44.67 69.65 55.52
Resources Incentivized  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.

mulher sorrindo segurando um cesto na cabeça

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

Policies and Standards

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.

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