Page under construction
Click on the buttons below to navigate the page:
Some of our best practices in Governance
Temos outros instrumentos como o lead independent director, um representante definido pelos membros independentes do colegiado para atuar como alternativa de contato com os acionistas, para entender suas expectativas e percepções em relação à Vale.
Entre nossas principais boas práticas, destacam-se:
The maximum number of directorships a person can hold on the Boards of Directors of companies listed on stock exchanges.
Our organization chart
In 2022, our Executive Committee was redesigned according to the Board of Directors approval, aiming to strengthen the strategy for the Vale of the Future. The following Vice-Presidencies were created:
- Executive Vice-presidency of Iron Ore Solutions
- Executive Vice-presidency of Operations
- Executive Vice-presidency of Projects
- Executive Vice-presidency Technical, that incorporated the Executive Vice-presidency of Safety and Operational Excellence and received additional attributions.
In addition to these structural changes, other adjustments to the Executive Committee’s responsibilities were approved and the Vice-presidency of Strategy and Business Transformation was extinct. As a result, our Executive Committee was formed as follows
Governance for sustainability
Faced with challenges of a world in constant transformation and the segment in which we operate, which is highly dependent on natural resources, our leaders must be attentive and capable of dealing with a set of issues that go beyond operational and economic-financial aspects. Environmental, social and governance issues (acronym ESG) are material to Vale and are present a tour different decision-making level.
Our guidelines and strategic plans are deliberated by the Board of Directors, that monitors its application in the company’s areas through reports from the Executives Vice-Presidents and by the monitoring carried out by the Advisory Committees. The company currently has six Advisory Committees, that are technical, consultative, statutory, permanent bodies (except the Innovation Committee, which is non-statutory and non-permanent) and formed exclusively by counsellors, as the Risk and Audit Committee and the Sustainability Committee.
The Executive Committee’s duties include preparing and submitting guidelines and the strategic plan to the Board of Directors, taking socio-environmental issues into account, and implementing the approved plan. In 2021, The Board of Directors decided to stablish the exclusive Executive Vice-Presidency for Sustainability. The Executive Vice-Presidency of Sustainability is responsible for the implementation of policies and general guidances stablished by the council, and for identifying, addressing and dealing with critical issues that result in risks or business impacts, as well as evaluating sustainability investment proposals.
Our strategic planning delas with material issues in an integrated approach to the aspects that can influence our generation of value. The Sustainability Policy seeks to prevent and minimize risks and negative impacts and enhance positive impacts, generating social, environmental, and economic value beyond the company’s activities.
It is important to highlight that 25% of our executive’s long-term variable remuneration is linked to ESG targets and our commitments until 2030 are aligned with our objectives of creating sustainable value and promoting cultural transformation throughout the company towards our ambition of becoming one of the safest and most reliable companies in the mining sector. Since 2020, the Health, Safety, Geotechnics, Reparation and Compliance areas have not had financial and production results indicators on their target dashboard, leaving the executives and employees in these areas fully dedicated to the mission of preventing and mitigating operational risks (read more in Executive Compensation).
Read onGet to know our Leadership
Learn about Vale’s approach to Climate.
Learn about Vale’s approach to Human Rights.