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Territorial Development
The potential of each territory
We seek to contribute not only as economic agents but also as promoters of social and environmental sustainability, citizenship and stakeholders engagement
Children vacination (PA-Brazil).
Aware that we can have significant impacts as a result of our business, Vale incorporates economic, social and environmental responsibility considerations into our business strategy. Our relationship with society in the regions where we operate is based on transparency through ongoing dialogue and respect for each people's culture.
We believe that the participation of all our stakeholders is fundamental for regional sustainable development.
Vision of Vale's contribution to sustainable development in the regions where it operates
- Compliance with legislation: – Compliance with all legal obligations is fundamental to our business practices.
- Mitigation of negative impacts: – We are committed to attaining a sound knowledge of the impacts and consequences of our business in order to invest in actions that go beyond legal obligations.
- Maximization of positive impacts: –We are also committed to maximizing the positive effects of our operations, such as generating employment and purchasing local goods and services.
- Territorial sustainable development: – We pursue a sustainable development strategy that identifies a region's talents and needs, establishes short, medium and long-term action plans in consultation with local partners, and strives to achieve economic diversification, social promotion and environmental conservation.
This Vision has led to the implementation of tools that, year after year, are improving the management of social, economic and environmental impacts and are contributing to regional sustainable development.
These tools range from actions required by local legislation to new methodologies. In the first group are environmental impact studies, development of which is guided by specific legislation in each country. These environmental impact assessments are generally mandatory for the development of projects and expansion of operations.
A program supported by Vale and the Pará Government stimulates labor and income generation (PA – Brazil).
These tools range from actions required by local legislation to new methodologies. In the first group are environmental impact studies, development of which is guided by specific legislation in each country. These environmental impact assessments are generally mandatory for the development of projects and expansion of operations.
In 2007, this diagnostic tool had already generated solid results and began to be systematically applied (see more details in the"Transformation needed" case on pages 69).
The Integrated Management Plan now allows effective management of the economic and social dimensions of our operations. In 2008, it is being expanded to address environmental initiatives.
Utilizing this tool, our plan is to move towards the construction of a global integrated approach to sustainable development in the territories where we operate. In partnership with local stakeholders, we aim to fully understand present realities and future possibilities, including historic, cultural, demographic, economic and environmental aspects.
