Vale’s Sustainability Report highlights the world’s most efficient Valemaxes
Built with Vale’s support, the 32 “green ships” and other sustainable initiatives are highlighted in the document
The 2nd generation Valemaxes, with a capacity of 400,000 tons, which were built on a Vale initiative, are the world’s most efficient vessels in terms of reduction of greenhouse gas (GHG) emissions ever built in the history of international shipping. The new vessels emit 41% less CO2 than the Capesizes used in 2011, with a capacity of 180,000 tons, which served as the basis for the first generation of Valemaxes, launched that year.
The case is one of the highlights of the 11th edition of Vale’s Sustainability Report, which provides information about the company’s performance in 2017 in the economic, social, and environmental areas.
In the document, Vale presents its new structure of governance in sustainability, its approach aligned with the UN’s 2030 Agenda, and also emphasizes the 50 years of Vale Foundation, as well as the 40 years of Vale Natural Reserve as an officially protected area.
The report also comprises guidelines and commitments related to the United Nations Global Compact and to the company’s actions, based on the Sustainable Development Goals (SDG) and the International Council on Mining and Metals (ICMM). Click here to access the material.
Corporate Governance
- Return to the International Council on Mining and Metals (ICMM), which brings together 23 global companies in the sector and requires from its members a commitment to the best operational principles and practices;
- Migration of Vale’s shares to the New Market of São Paulo Stock Exchange (B3).
- Global leader in the production of iron ore, pellets, and nickel
Environment
- 8.5 thousand km2 of protected areas, equivalent to 5.6 times the total area occupied by the operational units;
- The percentage of reuse of water for industrial processes was 82%;
- Planting of more than 140,000 seedlings of species protected by law;
- Investment of US$487.3 million in environmental protection and conservation;
- 100% of iron ore tailings dams audited with confirmed stability condition;
Social
- US$14 million invested by Vale Foundation in 52 projects in 65 cities in Brazil;
- US$69.3 million invested in infrastructure;
- US$35.6 million invested in services;
- 237 actions in health involving 341,800 employees, third parties, and residents of communities neighboring the operations;
- The percentage of local purchases of Vale in operations in Brazil, Mozambique, and Canada was 90%;
- 142 Plans for Relationship and Social Investment in Brazil, in 2017
