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).