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    2030 Commitments

    To effectively integrate sustainability into our business management practices, we have established a set of commitments that inform our investment priorities and decision-making.
    These short, medium, and long-term goals are supported by structured governance, budgeting, and management practices, all aimed at leaving a positive legacy for both society and the environment. 
    They also align with significant global challenges, including the Sustainable Development Goals (SDGs) as part of the 2030 Agenda and the principles of the United Nations Global Compact. ​

    Click on the buttons below to navigate the page:

    Progress on our long-term commitments

    We have aligned our long-term goals with the United Nations’ 2030 Agenda for Sustainable Development (SDGs).

    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.​
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    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.
    The progress towards the Scope 3 target of 15% is 14.8 percentage points².
    Energy
    Baseline 2017:
    Global: the consumption of renewables was 79%.
    Global: 100% renewable electricity consumption by 2030
    88,5%  of consumption.
       
    Energy
    Baseline 2017:
    Brazil: consumption of renewables in Brazil was 83%.
    Brazil: 100% renewable electricity consumption by 2025.
    100% renewable consumption, certified by renewable declarations
    Energy
    Baseline 2017:
    Global: The energy efficiency
    was 0.335GJ/tFeEq
    Improve the global energy efficiency indicator by 5% by 2030.
    0.351 GJ/tFeEq (4.5% above the 2017 baseline).

     
    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
    Baseline 2019:
    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 all indigenous communities neighboring Vale’s operations in the development and execution of their plans and their pursuit of rights under the United Nations Declaration on the Rights of Indigenous Peoples.
    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%

    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. 

    By the end of 2023, we have closed 57 of the 63 mapped gaps, or 90% of the action plan. This has resulted in significant improvements within the company, including:   

    • 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. ​ 

    In addition, our gaps are continually reassessed based on investor feedback and new reports from key ESG stakeholders to evolve our commitments. In the coming years, we will continue to increase this level of engagement and strive for improvement. 

    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: 

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    Agency Focus Previous rating Current rating (July - 2024)
    MSCI
    General ESG
    B
    B
    Sustainalytics
    General ESG
    34
    31,8
    ISS Quality Score
    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-