Our commitments
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2030 Commitments
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Progress on our long-term commitments
Each of these goals and our progress to date are detailed below. For further details about our approach and key supporting initiatives, please see the relevant pages on this portal.
SDGs | Vale Goals | Baseline | Target | Status until 2023(cumulative result) |
---|---|---|---|---|
Climate
change |
Baseline 2017: 12,2 MtCO2e
|
Reduce Scope 1 and 2 absolute greenhouse gas (GHG) emissions by 33% (based on 2017) by 2030. Achieve net zero scope 1 and 2 emissions by 2050.
|
The progress towards the Scope 1 and 2 target of 33% is 20.4 percentage points.
|
|
Climate
change |
Baseline 2018: 529.5 MtCO2e1
|
Reduce scope 3 net emissions by 15% by 2035.
|
||
Energy
|
Baseline 2017:
Global: the consumption of renewables was 79%. |
Global: 100% renewable electricity consumption by 2030
|
||
Energy
|
Baseline 2017:
Brazil: consumption of renewables in Brazil was 83%. |
100% renewable consumption, certified by renewable declarations
|
||
Energy
|
Improve the global energy efficiency indicator by 5% by 2030.
|
|||
Forests
|
Baseline 2020:
|
Recover and protect over 500,000 ha of forest areas beyond company boundaries by 2030.
|
In 2023, 177,705 hectares were recovered, of which 165,093 were protected and 12,612 recovered.
|
|
Evolution of
ESG practices |
Eliminate key ESG gaps in relation to best practices – 63 gaps mapped.
|
Total of 57 gaps eliminated
|
||
Social Ambition
|
Baseline 2021:
|
Rank in the TOP 3 in the social requirements of the major external indices and ratings
|
We moved up in the ratings of the main external indices and ratings (MSCI, Sustainalytics, and DJSI).
|
|
Social Ambition
|
Baseline 2021:
|
Support the lifting of 500,000 people out of extreme poverty 4
|
We started the first concept tests, onboarding 30,000 people into the program.
|
|
Social Ambition
|
Baseline 2021:
|
Support to the Kayapó People in the elaboration of their Consultation Protocol (ongoing); training on the Rights of the Indigenous Peoples of Brazil for the Guajajara Peoples, of the Caru Indigenous Land, and the Ka'apor, of the Alto Turiaçu Indigenous Land.
|
||
Atmospheric
emissions |
Baseline 2018:
Particulate Matter: 7.4 kt Sulfur Oxides: 147.4 kt Nitrogen Oxides: 74.1 kt |
Reduce Particulate Matter emissions by 16%
|
Compared to the base year of 2018, there was a reduction2 of approximately 10% in the amount of particulate matter emitted in 2023.
|
|
Atmospheric
emissions |
Baseline 2018:
Particulate Matter: 7.4 kt Sulfur Oxides: 147.4 kt Nitrogen Oxides: 74.1 kt |
Reduce Sulphur Oxide emissions by 16%
|
Compared to the base year of 2018, there was a significant reduction2 of around 45% in the emission of sulphur oxides in 2023.
|
|
Atmospheric
emissions |
Baseline 2018:
Particulate Matter: 7.4 kt Sulfur Oxides: 147.4 kt Nitrogen Oxides: 74.1 kt |
Reduce Nitrogen Oxides by 10%
|
Compared to the base year of 2018, there was a reduction2 of approximately 33% in the emission of nitrogen oxides in 2023.
|
|
Diversity,
equity and inclusion (DEI) |
Baseline 2019:
Women in the workforce: 13% |
Increase the presence of women in the workforce to 26% by 2025.
|
24.38%
|
|
Diversity,
equity and inclusion (DEI) |
Baseline 2019:
Women in senior leadership: 12% |
Increase the presence of women in senior leadership (executive manager positions and above) to 26% by 2025.
|
24.44%
|
|
Diversity,
equity and inclusion (DEI) |
Baseline 2021:
Black leadership |
Reach 40% of the leadership1 in Brazil made up of black people by 2026.
|
34.92%
|
|
Health
and safety |
Baseline 2019:
55 recorded N2 events |
Reduce to zero the number of recordable high-potential (N2) injuries by 2025.
|
A total of 19 high-potential injuries (N2) were reported in 2023.
|
|
Health
and safety |
Baseline 2019:
23 thousand registered exposures |
Reduce the number of exposures to harmful health agents in the workplace by 2025
|
A total of 10.7 thousand exposure incidents were reported in 2023.
|
|
Dams
|
No tailings dams in critical safety condition (emergency level 3)² by 2025.
|
A total of two remaining tailings storage facilities with hazard level 3 facilities (Upper South and Forquilha III; compared to a total of four in 2019).
|
||
Dams
|
Implementation of the GISTM in operations:
90% conformance in 2022; 100% conformance for tailings storage structures of ‘extreme’ or very ‘high consequence’ by 2023; and 100% conformance for other structures in 2025. |
In addition to the public commitment, GISTM was implemented for 48 EARs³ in 2023, considering classifications other than ‘Extreme’ and ‘Very High’. GISTM will be implemented for a further 2 EARs by 2025, completing 100 per cent of tailings facilities in compliance with the Standard.
|
||
Dams
|
Decharacterize4 all dams built in the upstream heightening method by 2035, in Brazil.
|
43%
|
EXPLANATORY NOTE
Due to the divestments of non-controlled companies: CSP (Companhia Siderúrgica de Pecém) and MRN (Mineração Rio do Norte), Scope 3 emissions for the 2018 base year were revised and reduced from 553 million metric tons of CO2e to 529.5 million metric tons of CO2e.
EXPLANATORY NOTE
These reductions are mainly related to lower production compared to 2018 and also to improved operational discipline. The emissions curve tends to increase with the increase in production in the coming years, being offset by technological initiatives to be implemented by 2030.
EXPLANATORY NOTE
The percentage of renewable electricity varies from year to year depending on consumption, the volume of certificates obtained, and the electricity generation matrix of each country in which we operate.
EXPLANATORY NOTE
People living on less than USD 2.15 a day, according to the World Bank.
EXPLANATORY NOTE
EXPLANATORY NOTE
EXPLANATORY NOTE
EXPLANATORY NOTE
Subtitles:
Progress on ESG Gap Action Plan
Vale has reviewed and analyzed the underlying methodologies used by the leading providers of ESG disclosures and has identified a number of gaps from best practice. Based on this review, we have developed an action plan describing these gaps and establishing initiatives to align our management approach and processes with best practices as recognized in our industry and by society.
It It is important to note that the C-level is fully engaged in the initiative, as the ESG action plan to close these gaps has become one of our 2030 commitments and is part of the long-term compensation of executives.
Enhanced transparency around executive compensation and performance targets;
Corporate governance improvements including a newly introduced Audit and Nomination Committee and amendments to our bylaws aimed at enhancing the efficiency and independence of the Board of Directors;
Strengthened management processes and alignment with best practices, including implementation of specific policies on dam management, water resources, waste, and the Vale Management Model (VPS);
Climate change scenario modeling to further refine our climate strategy;
Proactive engagement with communities in support of our goal to build long-term relationships and leave a legacy for society, and our social ambition to support the development of self-sufficient communities that are actively engaged around issues relevant to humanity and embrace responsible mining.
90%
gaps closed by 2023
See below our progress to date and key underlying initiatives.
Continued progress on implementing best practices is also reflected in our ESG index and rating performance:
Agency | Focus | Previous rating | Current rating (July - 2024) |
---|---|---|---|
MSCI
|
General ESG
|
B
|
B
|
Sustainalytics
|
General ESG
|
34
|
31,8
|
Governance
|
2
|
1
|
|
ISS Corporate Rating
|
General ESG
|
C+
|
C+
|
Moody's
|
General ESG
|
CIS-2 / Neutral to Low
|
CIS-2 / Neutral to Low
|
Dow Jones Sustainability Index (DJSI)
|
General ESG
|
69
|
52
|
CDP - Climate Change
|
Climate Change
|
A -
|
A -
|
CDP - Water Security
|
Climate Change
|
B
|
A-
|
EXPLANATORY NOTE
1 Result updated in April/24, showing a better result compared to the result of 34.0 in Dec/23 (the lower the score, the better).