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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 destined mostly to urban infrastructure and mobility, traditional communities, education, culture, health, and work generation and income. Of this total, 39% was destined to voluntary actions, of which US$ 13.4 million was provided by the Vale Foundation.

Funds applied in infrastructure (US$ million) 2016 2017 2018
Donation/Transfer 10.8 4.4 3.8
Commercial engagement (shared infrastructure) - - -
Direct Execution - Social Program/Projects 65.1 64.4 40.5
Incentive Law 1.0 - -
Sponsorship - 0.1 -
Services/Materials 0.3 0.4 0.1
Total 76.3 69.3 44.4
Funds applied in infrastructure (US$ million)

Donation/Transfer

2016
10.8

2017
4.4

2018
3.8

Commercial engagement (shared infrastructure)

2016
-

2017
-

2018
-

Direct Execution - Social Program/Projects

2016
65.1

2017
64.4

2018
40.5

Incentive Law

2016
1.0

2017
-

2018
-

Sponsorship

2016
-

2017
0.1

2018
-

Services/Materials

2016
0.3

2017
0.4

2018
0.1

Total

2016
76.3

2017
69.3

2018
44.4

Funds applied in services (US$ million) 2016 2017 2018
Donation/Transfer 11.1 2.9 1.1
Direct Execution - Social Program/Projects 19.6 32.0 25.8
Pro bono - - -
Incentive Law - - -
Sponsorship 0.4 0.6 0.8
Services/Materials 0.4 0.6 0.8
Total 31.1 35.6 27.7
Funds applied in services (US$ million)

Donation/Transfer

2016
11.1

2017
2.9

2018
1.1

Direct Execution - Social Program/Projects

2016
19.6

2017
32.0

2018
25.8

Pro bono

2016
-

2017
-

2018
-

Incentive Law

2016
-

2017
-

2018
-

Sponsorship

2016
0.4

2017
0.6

2018
0.8

Services/Materials

2016
0.4

2017
0.6

2018
0.8

Total

2016
31.1

2017
35.6

2018
27.7

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:

Alignment with the Vale’s Sustainability Strategy
Implementation in territories impacted by Vale businesses or of interest to Vale
Priority for communities in situations of vulnerability
Respect and strengthening of public policies – forbidden defrayal to public services
Integration and synergy with other actions and partners, especially in the territories
Structuring actions, with measurable results and a defined conclusion period
Contribution to the exercise and promotion of Human Rights
Economic, environmental and socially sustainable actions

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 2018, the Vale Foundation invested US$ 13.4 million (about R$ 51 million) in its programs and sociocultural areas. With these initiatives, the Vale Foundation acted in municipalities of Pará, Maranhão, Minas Gerais, Espirito Santo and Rio de Janeiro, in Brazil. For more information, visit the 2018 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:

Enhancing Vale's sustainability initiatives with the objective of structuring transformation in the territories
Leveraging fundraising through social finance instruments and impact investment, increasing the scale and sustainability of its initiatives
Investing in impact businesses to generate structuring results, and greater local development and social transformation
Being a laboratory of social and environmental innovation with a strong capacity of communication with the relevant organizations in the sector
Promoting low carbon productive chains seeking the conservation of natural resources combined with economic and social development

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:

Material Heritage: Support to the restoration, conservation and promotion of heritage buildings or collections
Immaterial Heritage: Support of actions for the promotion, diffusion and safeguarding of heritage that has accumulated knowledge over generations, and the recognition and appreciation of traditional events
Festivals and Cultural Events: Support of festivities and events in the territories and / or with relevant subjects aimed at culture, which are significant to the localities and allow public access
Musical Education: Support of musical education that promotes human development and professionalization aimed at improving the quality of life in the benefited localities.

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:

Exchanges: educational moments with different modalities, such as workshops, practical classes in group classes and/or by instruments, and master classes, when the students have the opportunity to learn directly with a well-known expert
Musical residences: an opportunity for the most outstanding students in exchanges to experience for a week the professional daily life of one of the partner orchestras, the Brazilian Symphony Orchestra and the Ouro Preto Orchestra, and the cultural program of the city where it is based
Integrated events: participation of the students in official performances of the professional orchestras, with the opportunity to go on stage or perform with internationally recognized professionals
New Hubs: creation of new areas of musical education, respecting the vocation of the locality, training local teachers, seeking the improvement of the quality of life and access to the culture in the locality

+ 400

students participate in the exchanges

+ 60

students participate in the residencies

+ 100

professional musicians

11

integrated performances in renowned national stages: the Theatro Municipal Rio de Janeiro, SESC Palladium, Teatro Riachuelo), Teatro Cecília Meireles, and Inhotim, among others

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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