Social Investment

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

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

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

• Code of Conduct
• Human Rights Policy
• Sustainability Policy
• Socioenvironmental Investments Policy

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: