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Social Investment

Vale invests in enhancing, preventive, compensatory and/or corrective actions related to the socioeconomic impacts of operations, projects and/or mineral research. It also invests in actions that contribute to the development and improvement of the quality of life in the territories in which Vale operates, in traditional communities and for society as a whole.

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:

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 2018,  US$ 116.5 million was spent on social actions intended mostly to urban infrastructure and mobility, traditional communities, education, culture, health and work generation and income. Of this total, 39% were destined for voluntary actions, of which US$ 13.4 million was provided by Fundação Vale

Funds applied (in US$ millions)¹ 2017 2018 2019
Support to Entities 2,757.07 2,578.94 3,715.89
Traditional Communities and Indigenous Peoples 21,056.71 32,985.46 32,371.19
Culture 11,933.11 11,845.10 29,500.85
Education 6,520.64 4,708.78 7,937.24
Sport 692.39
154.22 133.22
Knowledge Station 5,670.76 5,268.03 2,705.99
Studies and Monitoring 1,995.57 2,025.50 5,959.81
Work generation and income 13,639.35 10,610.80 13,167.05
Urban infrastructure and mobility 47,324.57 42,234.62 9,060.19
Social Protection 840.36 209.69 1,144.42
Resettlements 9,511.11 404.2 2,514.23
Health 3,505.21 3,425.73 4,101.20
Safety 2.24 9.94 8.03
Volunteering 16.79 79.76 36.86
Total 125,465.89 116,540.76 112,356.17

¹These investments don’t include Brumadinho social expenditures. which added up to US$ 77,9 million in 2019,

Funds applied (in US$ millions)¹

Support to Entities

2017
2,757.07

2018
2,578.94

2019
3,715.89

Traditional Communities and Indigenous Peoples

2017
21,056.71

2018
32,985.46

2019
32,371.19

Culture

2017
11,933.11

2018
11,845.10

2019
29,500.85

Education

2017
6,520.64

2018
4,708.78

2019
7,937.24

Sport

2017
692.39

2018
154.22

2019
133.22

Knowledge Station

2017
5,670.76

2018
5,268.03

2019
2,705.99

Studies and Monitoring

2017
1,995.57

2018
2,025.50

2019
5,959.81

Work generation and income

2017
13,639.35

2018
10,610.80

2019
13,167.05

Urban infrastructure and mobility

2017
47,324.57

2018
42,234.62

2019
9,060.19

Social Protection

2017
840.36

2018
209.69

2019
1,144.42

Resettlements

2017
9,511.11

2018
404.2

2019
2,514.23

Health

2017
3,505.21

2018
3,425.73

2019
4,101.20

Safety

2017
2.24

2018
9.94

2019
8.03

Volunteering

2017
16.79

2018
79.76

2019
36.86

Total

2017
125,465.89

2018
116,540.76

2019
112,356.17

¹These investments don’t include Brumadinho social expenditures, which added up to US$ 77.9 million in 2019.

Management of Social Investments

Aiming to optimize and reinforce our social agenda, Vale has created the Social Investment Department, which is integrated with the Executive Office of Sustainability and Institutional Relations. The office unites the obligatory and voluntary sociocultural and environmental projects and programs of the company, including the Vale Foundation. Vale is also the maintainer of the Vale Fund, which is a Civil Society Organization of Public Interest (Oscip) created in 2009.

Guidelines for investments:

Vale does not make investments in actions that are constitutional obligations of any Government. However, it may complement them, for example, in situations of public calamity. It also does not make investments in actions of a religious character, except when they also have a cultural significance to society or the benefited communities.

Vale Foundation

With over 50 years of existence, the Vale Foundation has established itself as one of the references in territory development in Brazil, having conceived the concept of Public-Private Social Partnership (PSPP), which promotes the integration and dialogue between the government, private initiative and communities seeking to maximize the positive impacts of the voluntary social investment.

From the characteristics and listening to the local population and the strengthening of existing public policies, the Foundation seeks to contribute to enhance the knowledge of each locality and to empower local actors, who are capable of promoting other development actions in their regions, in a sustainable and lasting manner.

The Foundation's actions are in line with the pillars of Vale's strategic agenda of sustainability: education, culture, health and income generation. In addition to these areas, the Vale Foundation also:

  • Supports the management of four cultural spaces: Casa da Cultura de Canaã dos Carajás (PA), Centro Cultural Vale Maranhão (MA), Memorial Minas Gerais Vale (MG) and Museu Vale (ES).
  • It is the principal maintainer of five Estações Conhecimento: (Tucumã and Marabá, PA; Arari, MA; Serra, ES; and Brumadinho, MG). These are socio-educational areas that promote activities focused on comprehensive education for over 4,500 children and adolescents from 6 to 17 years old and their families. The activities seek to expand the educational opportunities, in the after school hours, in the areas of sport, culture, citizenship and multiliteracy.

In 2019, The Vale Foundation having reached approximately 770 thousand people through its social projects in 68 municipalities in 6 Brazilian states: Pará, Maranhão, Minas Gerais, Espírito Santo, Mato Grosso do Sul and Rio de Janeiro. Aiming at the territorial development of the places where Vale is present, the 689 social entrepreneurs and around 1,200 people via rural development projects and the training of 941 educators and 1,672 health professionals were support by Vale Foundation.

For more information, visit the 2019 Vale Foundation Report or the Vale Foundation website.

Vale Fund

Created in 2009, the Vale Fund has a mission to promote sustainable development by inducing, connecting or multiplying transformative solutions for societies, markets and the environment. It was created by the company to be a global agent of sustainability, as a voluntary contribution to the sustainable development in critical biomes.

In almost 10 years of activities, it has supported over 70 initiatives (especially in the Amazon) and has accumulated experience in the social and environmental area through partnerships with well-known organizations. It operates through financial instruments, innovative arrangements, engagement and collaboration, focusing on the monitoring and measurement of the impact.

Its strategy focuses on:

For more information, visit the Vale Fund website.

Sponsorships

Vale believes in the transforming potential of culture and knowledge, and so it sponsors several projects in the cultural and technical-institutional area. The requests for sponsorship should be made through an on-line platform, where they analyzed with respect to their adherence to the company's Social and Environmental Investment Policy. They should meet expectations of improving access to culture, have significance for the communities, and promote human development and professionalization aimed at improving the quality of life in the benefited localities. In addition, Vale supports projects and partnerships that contribute to the theoretical and practical evolution of knowledge aimed at the sectors and subjects with which it works.

The segments sponsored by Vale are:

Technical-Institutional: mining, logistics, environment, engineering, sustainability, among other subjects linked to its businesses or other areas of institutional interest.

Cultural:

In 2018, over R$ 31 million was invested in 25 projects in Brazil, through the Culture Incentive Law. With its own funds, Vale provided about R$ 4 million in 48 projects, totaling 73 sponsorships in the states of Espírito Santo, Maranhão, Mato Grosso do Sul, Minas Gerais, Pará and Rio de Janeiro.

Policies and Standards

Business Case

Vale Music

For almost 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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