Anti-corruption Program

Investor

Anti-corruption Program

Vale prizes ethics and integrity in its businesses. For that reason, one of Vale's values is Do what is right.

In line with its commitment to implement best corporate governance practices, the Company has implemented Anti-Bribery and Corruption (ABC) programs. The ABC Program involves employees and contractors with a view to upholding the Company’s values and principles in conducting its business activities.

Sosialisasi Manual Antikorupsi

From April 2016 to early 2017, 99.5% of the Company’s 3,058 employees had participated in the ABC Program. In 2017, there were 559 participating contructors, representing 515 goods and services suppliers, taking part in ABC training.

The Company also has a Company Manual, based on Vale Global rules, and adjusted to the prevailing regulations in Indonesia. The Company Manual provides mandatory guidance in relation to the anticorruption elements of the Company Anticorruption Program.

The Company also has a violation reporting mechanism, namely Vale Whistleblower Channel (VWC), which is managed independently by third parties. The VWC mechanism contains a reporting system that includes various types of violation, including corruption. A VWC description is presented separately in this link.

To support efforts to build a compliance and anti-corruption culture, the Company conducted various socialization events throughout 2017:

  • Anti-Bribery & Corruption (ABC) for the Company workers and suppliers.
  • Vale anti-corruption video on World Anti-Corruption Day.
  • The Company Anti-Corruption seminar in cooperation with Hasanuddin University for the East Luwu Local Government.