Integrated Reporting 2021

Integrated Reporting 2021

Two women in straw hat smiling and holding cabbage leaves. One of them wears a face mask. In the background, there are several trees. . Photo: Alexandre Rezende

Integrated
Report
2021

Evolving together

In our second Integrated Report, we share learnings, challenges and advances. We use indicators, management approaches and accountability on relevant environmental, social and governance topics, according to our materiality matrix, which we built together, with 1,192 internal and external stakeholders.

Photo of three women sitting talking in an open space. One of them wears a face mask, badge and holds a clipboard in her hands. The others smile as they look at her. Photo: Alexandre Rezende
Aerial view of dam surrounded by hills, vegetation and houses. Photo: Bruno Correa

Our report is aligned with the guidelines of the International Integrated Reporting Framework | Value Reporting Foundation and the Global Reporting Initiative (GRI), Comprehensive option, and includes the Mining and Metals Sector Supplement. The report and its annexes also include indicators from the Sustainability Accounting Standard Board (SASB), the Task Force on Climate-Related Financial Disclosures (TCFD), the World Economic Forum (WEF) key metrics and the and the United Nations (UN) Sustainable Development Goals (SDGs),as well as our adherence to the Mining Principles of the International Council on Mining and Metals (ICMM).

Message from the CEO

We are living a moment of deep transformation of the world, of mining and of Vale. On this journey, we seek to walk together with society, with responsibility, transparency and coherence. We arrive at places uninvited, so, in addition to mitigating the negative impacts, we want, as our social ambition states ‘To be a partner company in the development of resilient communities, engaged in relevant issues to humanity and committed to sustainable mining.’

In 2022, we will complete 80 years of operation. Over these decades, we have learned that our role goes beyond mining and, for this reason, in all Vale's decisions, people are at the center. We seek, as our purpose says, to improve lives and transform the future. Together.

Eduardo Bartolomeo
Vale CEO

Photo: Arthur Toledo Portrait of Eduardo Bartolomeo, a white man with short straight white hair combed to the side. He has a serious expression and one hand over the other, and he wears a white shirt with the Vale logo stamped on the pocket.
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Photo of two Vale employees at one of the company's operations. They wear a helmet with the Vale logo, ear protectors, a green short-sleeved shirt and radio communicators attached to their shoulders. Behind them is an iron structure.
Photo of two Vale employees at one of the company's operations. They wear a helmet with the Vale logo, ear protectors, a green short-sleeved shirt and radio communicators attached to their shoulders. Behind them is an iron structure.
Two Vale employees looking at a computer screen. Both wear a face mask, a tiara in their hair and a green shirt. One of them has an amputated arm.
Photo of four Vale women employees posing for a photo. All wear green shirts with the company logo on top of one of the pockets.
Photo: Vale Archive

About us

Founded in 1942 in Itabira and, today, headquartered in Rio de Janeiro, we are one of the main producers of iron ore and nickel in the world. We also produce Iron Ore pellets, Copper, Manganese Ore, Metallurgical and Thermal coal, Platinum Group Metals (PGM), Gold, Silver, and Cobalt.

We participate in mineral exploration in five countries and operate logistics systems, including railroads, marine terminals and ports, integrated with our mining operations. We also have distribution centers to support the delivery of Iron Ore throughout the world and have investments in energy and steel businesses directly and through affiliates and joint ventures.

Navigate the map below to see where we operate

Mouse cursor Hover over the markings Click the markings

Hand pinching the screen Move the map

Mapa do mundo interativo com o mouse para mostrar localizações onde a Vale atua

World map illustration in white color on a green background. In it, there are yellow circles that indicate where Vale is present. When clicked, icons appear indicating the type of action. Are they:

  • Canada – operations, office and exploration
  • United States – office and exploration
  • Peru – office and exploration
  • Paraguay – office
  • Argentina – office
  • Chile – office and exploration
  • Brazil – operations, joint ventures, office, headquarters, exploration, railroad and port
  • United Kingdom – operations and offices
  • Netherlands – offices
  • Switzerland – offices
  • Serbia – exploitation
  • United Arab Emirates - offices
  • Oman – operations and offices
  • Malawi - operations
  • Mozambique – operations and offices
  • India – offices
  • China – operations, offices and ports
  • Japan – operations and offices
  • Singapore - offices
  • Malaysia - operations, offices and ports
  • Indonesia - operations and offices
  • Australia - offices

Canada

United States

Brazil

Paraguay

Peru

Argentina

Chile

United Kingdom

Netherlands

Switzerland

Serbia

United Arab Emirates

Oman

India

China

Japan

Indonesia

Malaysia

Singapore

Malawi

Mozambique

Australia

Dart hitting the target

Our purpose

We exist to improve life and transform the future. Together.

Mining is essential for the development of the world. Therefore, we seek to serve what society needs and wants, with raw materials and other resources to improve life, taking care of the planet and generating prosperity for all.


Learn more
Planilhas e gráficos compondo um documento

Business Model

How we generate value.

Our business model is the systematization of our business activities, insums, products and impacts; without losing sight of how this all connects to our purpose, strategic pillars and commitments.

Learn more
Aerial view of dam. . Photo: Bruno Correa

Focus on
Reparation

Brumadinho and evacuated territories

We will never compensate for the damage caused to people and territories by the collapse of Dam B1, of the Córrego do Feijão mine, in Brumadinho (MG).

But, with dialogue and active listening, we believe that it is possible to understand the needs of the communities affected by the disruptions and, thus, work to bring improvements in the social, environmental and economic spheres. We know that there is still much to be done and we remain committed to working to fully repair the impacts caused.

In 2021, we signed the Global Agreement in the amount of BRL 37.7 billion*, which is funding socioeconomic and socio-environmental reparation actions to the damages resulting from the collapse of the dam in Brumadinho.

*Indemnities for individual rights are not included in this amount and remain to be executed by Vale.

Top-down photo of woman embroidering. There are several rolls of colored thread and boxes on the table she leans on. Photo: Vale Archive

The reparation so far

37.7brl

billion

Open

In the Comprehensive Reparation Agreement

24.7brl

billion disbursed

Open

by Vale in Reparation until Dec/2021, of which BRL 17.3 billion refers to the Judicial Comprehensive Reparation Agreement, BRL 6.2 billion destined for Brumadinho and the Paraopeba basin and BRL 1.2 billion for Evacuated Territories.

43%

evolution

Open

in the total payments provided for in the Comprehensive Reparation Agreement in 2021;

99,276

beneficiaries

Open

received emergency compensation, until the implementation of the Brumadinho Income Transfer Program (PTR), adding up to more than BRL 2.3 billion paid since 2019;

2.7brl

billion invested

Open

in emergency works, including Reparation projects, social contributions and Infrastructure;

34

billion of liters

Open

of clean water returned to the Paraopeba River – ETAF1 and ETAF2 river water treatment stations;

+ 50%

of the tailings

Open

handled and analyzed to search for victims, of the nine million that leaked in the dam collapse;

+ 600kg

of fruit

Open

and seeds of more than 80 native species have been harvested since 2019, including very important endangered species for the region.

Learn more about the Reforestation program here.

12,304

people

Open

are covered by agreements for civil or labour compensation. Of these, 11,492 are already paid, totalling more than BRL 2.6 billion paid since 2019;

8,500

people

Open

are working directly or indirectly on the reparation front;

5

victims not yet located

270

fatalities

In addition to all the lives that were lost, we lost about 140 hectares of native forests. So, what do we need for this environmental repair? Restoration starts with the seed and that's why we need the seed collector to start working on forest restoration. This collection work has been carried out since 2019 in partnership with the Federal University of Viçosa. We have already collected more than 600 kg of fruits and seeds from more than 80 species in the region, mainly forest species, which are threatened and very important for the region

Felipe Peixoto,
Vale Biologist

We listen to learn together.

Watch the testimony of Alexandra Andrade, president of Avabrum (Association of Families of Victims and People Affected by the Córrego do Feijão Mine Dam Collapse in Brumadinho)

City aerial view. There are hills, vegetation and houses. Photo: Renova Foundation Archive

The Renova Foundation and the reparation in Mariana

The Fundão dam in Mariana (MG), which collapsed in 2015, was operated by Samarco, a joint venture with a 50% stake in Vale and a 50% stake in BHP. Since 2016, the Renova Foundation, created through the Transaction and Conduct Adjustment Agreement (TTAC), has continued with the commitment to fully repair the damage caused to the people affected and the environment.

For more information, click here

Dams

Since the collapse of dam B1, in Brumadinho, we have adopted more conservative standards in the evaluation of dams and we have intensified preventive, corrective and monitoring actions of our structures, advancing towards the goal of not having any dam in critical condition (emergency level 3) until 2025.

Dam de-characterization plan:
67% of dams decharacterized by 2025
90% by 2029 and 100% by 2035.

Aerial view of dam. Photo: Vale Archive
Dam

By the end of 2021, we completed 23% of the Dam Decharacterization Plan.

Structure

All emergency level 3 dams with Downstream Containment Structures constructed.

Get to know some solutions and technologies
to reduce dependence on the use of dams

Droplets

Natural Moisture Processing

In place of wet processing, whose tailings are disposed in the dams, we have advanced in the processing of natural moisture. In the last 13 years, the company has invested about USD 19.5 billion in facilities and projects that seek to reduce dependence on dams, and in 2021 natural moisture processing reached 70% of Vale's Iron Ore production.

Hand

Sustainable sand from tailings

With investments of USD 9.3 million in research, we developed in 2021 a sand certified for application in the civil construction market. The sandy material, previously discarded in piles and dams, began to be processed and transformed into a product. In 2021, about 250 thousand tons of sand were processed and destined for sale or for donation for use in concretes, mortars, prefabricated, artifacts, cement and road paving.

Automobile

Filtered Tailing piles

To reduce the use of dams, Vale have announced an estimated investment of USD 2.2 billion between 2019 and 2026 to deploy dry stacking technology for tailings in Minas Gerais. The technique would allow the water from the tailings to be filtered, reused and stacked to reduce the use of dams.  

Helmet

Vargem Grande Filtration Plant

In 2021, the Vargem Grande filtration plant began operations, reducing dependence on dams and improving the average quality of the product portfolio through wet processing.

Governance and Compliance

We continue to adhere to national and international best practices. That is why, in 2021, we had some changes in our governance process.

Mouse cursor Click on the cards

Photo of two men and a woman at one of Vale's operations looking at documents on the table. Everyone wears a helmet with the Vale logo and a face mask. Behind them is machinery. Photo: Ricardo Teles

Migration to the “corporation” model

In 2021, we migrated to the "corporation" model, or company with dispersed capital – with no defined control; a landmark in our history. We also made changes to Vale's Bylaws.

See the full regiment

Executive Board

In 2021, the structure of the Executive Board was reviewed, and four new positions were created— the Executive Vice Presidencies of Sustainability, People, Legal and Tax and Strategy and Business Transformation — and adjustments in current positions. There was also the nomination of the first non-white female leadership for a Vice Presidency of Vale, for the Base Metals Business:

Learn more here

Risk management program - HIRA

For operational risk management, we rely on Hazard Identification and Risk Analysis (HIRA), a program that is designed to map and analyze operational safety risks of high severity or very high risk amplitude, define performance criteria and establish the assurance of associated critical controls. In 2021, we completed the implementation of the program in all of our operations. The evaluation cycle will be repeated in periods of 3 to 5 years.

Compliance

In 2021, our Whistleblowing Channel underwent a restructuring process, through the implementation of new protocols. The cultural transformation we are experiencing, together with the launch of the Ethics & Compliance Program, led to a 33.8% increase in the number of reports received by the Complaints Channel, totaling 6,248 reports that included allegations, inquiries and complaints.

5,526 records closed by the Whistleblowing Channel in 2021 and 3,014 established corrective actions, including dismissal actions of 157 employees.

Aerial view of dam. . Photo: Ricardo Teles

Manufactured
Capital

Our tangible assets.

We ended the year with about 340 Mtpa of iron ore production capacity and we expect to reach 370 Mtpa by the end of 2022.

Our products and where we operate

Iron Ore

Iron Ore

Brazil, Oman, Malaysia and China.

Níquel

Nickel

Brazil, Canada, Indonesia, Japan, China and the United Kingdom.

Coal

Coal Extra information

Mozambique.

*Coal assets sold in 04/25/2022.

Copper

Copper

Brazil and Canada.

Manganese and ferroalloys

Manganese and ferroalloys

Brazil.

Aerial shot of a yellow tractor at the center of a dam. Photo: Vale Archive
Aerial photo of one of Vale's operations. There is an iron structure on which an employee walks, and below there are some trucks carrying dirt. Photo: Vale Archive

Production and sales highlights

  • Increase in Iron Ore production (5% p.a.) and sales (9% p.a.) driven by higher production in our Minas Gerais operations (17% p.a.), being partially offset by weaker performance in S11D (-11% p.a.);
  • Favorable market price scenario (46% p.a.);
  • Strike in Sudbury, interrupting our operations for 70 days and contributing to a 9% reduction in Nickel production and 18% in Copper production;
  • Improved Coal production performance in Moatize (45% p.a.), along with the signing of a binding agreement to sell the asset.
Learn more
Aerial and night photo of one of Vale's operations. . Photo: Ricardo Teles

Financial
Capital

Our investments, economic performance
and financial performance summarized

31.3usd

biliion adjusted EBITDA

Open

from continuing operations

In 2021, our adjusted EBITDA from continuing operations was USD 13.8 billion higher than the year 2020, mainly due to higher realized prices and sales volumes of Iron Ore and Pellets, partially offset by certain costs and expenses that included third-party purchases and royalties, high freight costs and higher maintenance and service costs.

24.8usd

billion net income

Open

from continuing operations.

USD 18.6 billion higher compared to 2020, mainly due to higher proforma EBITDA and higher financial results.

54.5usd

billion net operational revenue

Open

from continuing operations

We had an increase of USD 15.0 billion compared to 2020. The result is due to better market conditions and higher realized Iron Ore prices. Costs and expenses from continuing operations, including the Brumadinho reparation, totaled BRL 142.9 billion (USD 26.4 billion), remaining BRL 11.5 billion (USD 969 million) above 2020.

5.2usd

billion in investments

Open

In the period, our investments totaled USD 5.2 billion, of which USD 4.2 billion were dedicated to the maintenance of operations and USD 1 billion to executing growth projects.

27.7usd

billion operating income

Abrir

from continuing operations

24.7usd

billion net income

Abrir

from continuing operations attributable to Vale shareholders

Access our full 2021 financial statements here.

See our global tax contributions in our annual Tax Transparency report here.

Photo of a large vessel in red and black colors at sea. . Photo: Anderson Bibico

Intellectual
Capital

Our knowledge base and organizational
capacity to maintain and expand it.

For us, innovation is an essential asset for creating shared value with society to mitigate the impact of our activities. It is a cross-cutting theme that we apply in several internal processes. Check out some of our initiatives.

Photo of a white male with short, straight, gray hair looking at the camera while holding several test tubes in front of his face. Photo: Ricardo Teles
Aerial view of dam. Photo: Vale Archive

Dam Management

24-hour video and radar monitoring, use of satellite imagery and drones to track soil conservation and displacement states are some examples in practice.

Geothecical Monitoring CenterRight arrow

Ecoshipping

Our project to create the first large ore ship equipped with a rotating sail system won the International Wind Propulsion Innovation Award in November 2021. Still in the testing phase, the innovative use of wind propulsion can offer an efficiency gain of up to 8% and a consequent reduction of up to 3,400 tons of CO2 equivalent per ship per year.

Learn more about our innovation initiatives

Click here

Aerial shot of a large red vessel at sea. Photo: Vale Archive
Photo of a branch of a tree with many leaves.  . Photo: Emiliano Capozoli

Natural
Capital

The natural resources that
are essential to our business.

For tomorrow to be better, we do our best today and every day. We prioritize risk analysis and adopt measures to prevent, mitigate, recover and compensate for impacts on nature.

Photo of several seedlings of plants on the ground. Photo: Gustavo Baxter
Photo of the Vale locomotive on the tracks. It has the colors green and yellow and the spelling “100% electric”. Photo: Amélio Luiz Mandelli

Committed to a low-carbon economy

We are investing in several initiatives focused on bioenergy, renewable energy, electrification and carbon capture and storage.

We will allocate USD 4 to 6 billion by 2030 to reduce our Scope 1 and 2 emissions.

What we've done so far

Co2

PowerShift – Vale Decarbonization Program

We conducted several tests in our operations, with emphasis on the use of bio-oil, vegetable charcoal and additives to reduce energy consumption in pelletizing plants, and the successful operation of the battery powered locomotive in the port of Tubarão, in Vitória. Currently, 5% of the underground vehicle fleet in Canada's operations are already electric vehicles.

Trees

Conservation of forests

Worldwide, we support the conservation of approximately 1 million hectares of forests, which represents a carbon stock of approximately 600 million tons of CO₂ equivalent.

Document

Inventory of emissions and removals

In 2021, ITV supported the preparation of the inventory of emissions and removals associated with LULUCF1 activities. The initiative has improved the calculation of the carbon stock in biomass above and below ground.

[1] LULUCF - Land use, land-use change and forestry activities: activities associated with land use, land-use change and forestry.
Wind

Use of renewable energy

Vale's electric power self-generation portfolio is 99% renewable. The installed capacity in 2021 was 2.3 GW, related to hydroelectric and wind generation assets, directly and indirectly owned, located in Brazil, Canada and Indonesia.

Check out the low-carbon products in our portfolio

Gear

Nickel products

Long Harbour's Nickel products, Plating Rounds and Casting Nickel Wheels have a carbon footprint of 4.4 tons of CO2 equivalent per ton of Nickel, about three times lower than the global average intensity reported by the Nickel Institute for Class I nickel.

Factory

Green briquette

Developed internally over almost 20 years and launched to the market in 2021, the product has the potential to reduce greenhouse gas (GHG) emissions in steel production by up to 10% for our steel customers.

Biodiversity

We work for the recovery of degraded areas and restoration of forests, restoring important habitats and ecosystem services throughout the value chain. Currently, we protect or help protect an area of approximately 10,000 sq km, equivalent to 12 times the area occupied by our operations.

67,372

hectares

Open

were recovered or protected in 2021. The target by 2030 is 100,000 hectares;

+ 62,000

hectares of Atlantic Forest

Open

protected through a partnership with three Conservation Units managed by the Chico Mendes Institute for Biodiversity Conservation (ICMBio in Portuguese);

+ 90

initiatives

Open

of research institutions, governments, NGOs and startups for the protection of forests have been supported by the Vale Fund in the last decade;

147usd

million

Open

invested in research in areas such as biodiversity, environmental genomics and through the Vale Institute of Technology

Commitment to UNESCO

In 2021, we made a public commitment not to operate in UNESCO Natural World Heritage sites, a key area for biodiversity conservation.

AI in combating deforestation

The Vale Fund and Microsoft supported the Amazon Institute of Man and Environment (Imazon) in the development of PrevisIA, a platform that anticipates information about regions at risk of deforestation and fires in the Amazon through Artificial Intelligence (AI).

Eco-efficiency Photo: Vale Archive

Eco-efficiency

USD80

million

invested in operational improvements and adoption of new technologies for the control and management of atmospheric emissions.

2030 targets for
reducing atmospheric emissions
  • Reduce particulate matter emissions by 16%;
  • Reduce sulfur oxides emissions by 16%;
  • Reduce nitrogen oxide emissions by 10%.
Droplets

2030 Water Goal

We were committed to reducing fresh water withdrawal by 10% for use in our production processes by 2030, base year 2017. In 2021, our global result accumulated since the base year was a 20% reduction, which exceeded the initial goal set for 2030 (a 10% reduction).

People

Future use of mines in Itabira

Itabira is the city where Vale was born in 1942. Today, we seek possibilities to continue with our operational activities, but already converging, in a responsible and sustainable way, acting in areas already in the process of closing, through projects of future use and transition to post-mining gradually. The objective is to rely on the community’s active participation and to meet the aspirations of Itabira society.

Four women sitting at a table. One is typing on her notebook and the other three are writing on a sheet of paper. All wear a mask. . Photo: Gustavo Baxter

Human
Capital

The set of skills, abilities
and experiences of our employees
that make us go further.

Health and safety

Photo of 13 Vale employees gathered in a circle at one of the company's operations. Everyone wears a green shirt, orange vest, glasses, helmet and ear protectors. Behind them is a large machinery. Photo: Vale Archive

Life first is one of our values. For us, security is a non-negotiable maximum and is present in several internal processes.

Our goals for 2025 are:

  • Reduce by 50% the number of exposures to agents harmful to health in the workplace by 2025;
  • Zero the number of recordable high-potential injuries by 2025.

Covid-19

Two women in face mask looking down. Photo: Vale Archive

In 2021, we continued with humanitarian aid actions related to Covid-19 on different fronts.

  • We supported the Butantan Institute (Brazil) in the expansion works of the Multipurpose Vaccine Production Center, which will have a production capacity of up to 100 million doses per year;
  • We donated 50 million syringes and 400,000 PPEs for the protection of professionals on the front lines of vaccination;
  • We have adopted a number of safety measures for our employees we made the transition of part of the employees to the remote work regime and implemented measures of social distance, restriction of face-to-face meetings, testing protocol and proof of complete vaccination against Covid-19 for entry into our units in Brazil.

#TransformTogether

  • The Vale Institute of Technology, in partnership with the Fiocruz Network, is collaborating with the production of SARS-CoV-2 virus genomes.
  • In a reinforcement to the solidarity action, we joined other companies for the donation of medicines for intubation, totaling 3.7 million analgesics, sedatives and neuromuscular blockers imported from China, which were fully donated to the Brazilian federal government for later distribution to the states through the Unified Health System (SUS).
  • We, the Vale Foundation and the Vale Volunteer Network, joined organizations that work to combat hunger in Brazil, such as the Panela Cheia Movement (formed by Cufa, Gerando Falcões and Frente Nacional Antirracista), the União Rio Movement and the Citizenship Action, among others. Together we delivered more than one million food baskets/cards to more than 220,000 families in a situation of severe food insecurity in 2021.

Diversity, equity and inclusion

Two women and seven men standing and smiling, posing for a photo. Everyone wears a green shirt, a white helmet with the Vale logo in the center and ear protectors. Photo: Vale Archive

Strengthen a diverse and inclusive culture. That's what we want. Since 2019, we have addressed structuring initiatives to create working conditions and opportunities that promote representativeness related to gender, race, people with disabilities, among other fronts, in our staff.

In 2021, we conducted our first Diversity Census, which comprised operations in Brazil and Canada. Approximately 68.5% of the employees participated voluntarily and confidentially, with self-declarations about how they see themselves and how they perceive our work environment.

Gender Equity

Portrait of woman smiling. She is black, has curly hair tied back and wears goggles. Behind her are several cables. Photo: Vale Archive

Our goal was to double the representation of women in our workforce, from 13% to 26%, by 2030. In 2021, we announced the five-year anticipation of the commitment, until 2025. At the moment, we reached 18.7% representation of women globally, equivalent to the addition of 4,400 women in our staff. In high leadership, the percentage reached 20.3% of female representation, an increase of 80% compared to 2019, when the goal was established.

2019 2020 2021 Increase compared to 2019
Total women 9,050 11,443 13,488 49.0%
Staff 8,457 10,638 12,433 47%
Supervision 239 374 412 72.4%
Management and Coordination 329 397 598 81.8%
Executive Managers and Directors 25 34 45 80.0%

Ethnic-Racial Equity

Six women and two men standing and posing for a photo. Everyone wears a green shirt and a face mask. On the wall behind them is the Vale logo. Photo: Gustavo Baxter

From the results of the census, we identified that Vale in Brazil is made up of 65% of black professionals and that we have a great opportunity to expand this representativeness in middle and senior leadership positions. With this, Vale assumed the following commitments:

Ethnic-racial equity commitments

  • Achieve 40% of leadership in Brazil (managers and above) made up of black people by 2026;
  • Implement educational programs, with the objective of intensifying the professional training of the black communities where Vale operates;
  • Strengthen anti-racist positioning.

Learn more about our commitment and initiatives in the Diversity, Equity and Inclusion Report 2020/2021.

Click here
Photo of man and boy in the middle of a plantation. Man looks down as he works and boy smiles as he looks at man. . Photo: Alexandre Rezende

Social and Relationship
Capital

Our relationships with all stakeholders inside and outside the company

Our social ambition is to be a partner company in the development of resilient communities, engaged in issues relevant to humanity and committed to sustainable mining.

Photo of a teacher next to a student. Both have their hair up, wear a mask and are looking at the child's activities on the table. Photo: Gustavo Baxter
A man and a woman looking at a Vale employee. Everyone is standing on the street and wearing a face mask. Photo: Gustavo Baxter

Human Rights

We know that we face several challenges related to respect for Human Rights in our activities. In 2021, we reinforced the process of integrating the inclusion of the theme in our processes, from the inside out, and we committed to perform external due diligence on Human Rights in all our operations and critical projects.

100%

of our operations

Open

assessed the human rights risks by periodically monitoring them

74,000

people

Open

were trained in the online course on the subject

3,200

hours

Open

were intended for specific training on Human Rights and Business Security, in accordance with the Voluntary Principles on Security and Human Rights

100%

supplier base

Open

with active contracts in Brazil was evaluated for the risk of violation of Human Rights.

In 2021, there was no record or allegations of occurrences of child or slave labor involving our operations. However, we recognize the fragility of the theme in our value chain and we are working to minimize these impacts.

Watch the testimony of Jaquelline Pinto, from Espaço Social Transformar and resident of Jardim Canadá, to understand some cases Click here.

Learn more

Photo of a girl smiling, in a classroom, while holding a book. She is white, about 10 years old and wears her black hair tied back. Behind her are several computers. Photo: Gustavo Baxter
Portrait of six indigenous men looking forward. They have black body paint and use colored adornments on their arms, neck or head. Photo: Rafael Scherer

Indigenous Peoples and Traditional Communities

Our relationship with Indigenous Peoples and Traditional Communities is based on respect for the cultural diversity and rights of these populations, recognizing the differentiated connection that they have with the territory.

Currently, we relate to 29 Indigenous Peoples, 13 in Brazil and 16 in other countries, in addition to 57 Traditional Communities in Brazil. In an effort to favor a solid relationship of partnership and trust, we implemented voluntary programs and agreements, built in a participatory way with these populations, considering their cultural and territorial specificities.

Here are some of them
  • Withdrawal of all mining processes on Indigenous lands in Brazil;
  • Preservation of Cultural Memory;
  • Indigenous Protagonism;
  • Sustainable Programs;
  • Indigenous Program of Permanence and Opportunities at the University (Pipou);
  • National Plan to Combat Covid-19 in Indigenous Territories.

Learn more

Local communities

Currently, we have 2,092 local relationship communities mapped, 1,304 in Brazil, 80 in Canada, 355 in Mozambique, 163 in Malawi, 47 in Peru, 27 in Oman, 110 in Indonesia and 6 in Malaysia. To engage them, Vale seeks to establish structured spaces for dialogue to build our Community Relationship and Investment Plans, which have as a principle the mobilization and social participation in the definition and prioritization of actions to be implemented in the territory.

Results for 2021

411

priority communities for engagement in Brazil;

69%

of the communities were covered by Relationship and Investment Plans;

+ 1.5

million direct beneficiaries with global projects and initiatives

Learn more

Photo of a man lifting a boy off the ground in the middle of a plantation. Both smile. Photo: Alexandre Rezende

Private Social Investment

TerPaz

In 2021, the first community complex of the Usina da Paz was inaugurated, in the Icuí-Guajará neighborhood, in Ananindeua (PA). The space is inclusive and with sustainable architecture, built in regions with high rates of violence and social vulnerability and aimed at serving local communities. It offers a wide range of sports and leisure services, such as legal advice and document issuing, vocational training, family health, library, swimming pool and digital inclusion rooms, among others.

The Vale Foundation

The Vale Foundation seeks to strengthen public policies and contribute to the social development of Vale's territories. In 2021, its initiatives impacted more than 860,000 people in 50 municipalities in six Brazilian states.

  • Literacy Tracks (Trilhos da alfabetização) Project - about 70 thousand children benefited in the public network;
  • Networked Territories (Territórios em Rede) - 2,480 children from Serra (ES) and Marabá (PA) were reinserted into the educational system;
  • Health Cycle (Ciclo Saúde) - 175 basic health units (UBS) supported and 2,200 trained professionals.

Learn more

The Vale Fund

The Vale Fund acts with the objective of strengthening a more sustainable, fair and inclusive economy. Since 2010, it has supported the construction of a new economic reality by investing in business development, knowledge generation, strengthening the impact ecosystem and financial arrangements aiming to conserve and recover the environment, especially in the Amazon.

  • AMAZ, the Amazon impact accelerator - By 2030, 30 businesses will be selected in annual calls, which will receive total expected contributions of USD 2.3 million.
  • Covid-19 Response Plan and Emergency Credit Line - USD 1 million contributed to family farming and extractive associations and cooperatives through the Covid-19 Response Plan, between 2020 and 2021.
  • Amazon At Home, Forest Standing (Amazônia em Casa, Floresta em Pé) - A space for innovation and co-creation focused on prototypes and tests, the Lab tested solutions to boost the bioeconomy in the region.
  • Strengthening the Impact Ecosystem - Partners such as Instituto de Cidadania Empresarial (ICE), Instituto Phi, Latimpacto (Rede de Venture Philantropy da América Latina), Aspen Network of Development Entrepreneurs (ANDE), Pipe Social and Move.Social were part of this trajectory.

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Vale Cultural Institute

In 2021, more than 200 projects were supported and sponsored in 160 Brazilian municipalities. The four cultural spaces of the Institute (Casa da Cultura de Canãa dos Carajás, Centro Cultural Vale Maranhão, Memorial Minas Gerais Vale and Museu Vale) carried out more than 1.9 thousand actions, which reached more than 1.6 million people, and the Vale Música musical training program held more than 622 classes.

USD 73 million of investments in culture. Largest company that encourages culture in Brazil in the last three years, according to the investment ranking of the Federal Culture Incentive Law

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The Vale Volunteer Network

In 2021, the Vale Volunteer Network united more than 5,000 volunteers, who took part in 150 actions. Among them, the Brazil Without Hunger and Christmas Without Hunger campaigns stand out, which integrated Vale's Humanitarian Action to combat hunger and had several partners. It also partnered with clinics and blood banks in several states and expanded spaces in her own clinics to receive blood donations, as well as acting in the causes of organ donation, reading promotion, menstrual dignity campaigns, inclusive races and animal protection actions, among others.

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Aerial photo of a dam with tractors working and a yellow metal barrier on which five employees lean to see the operation. Photo: Vale Archive