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    Our approach to biodiversity management

    Our approach to biodiversity management 

    We use the impact mitigation hierarchy to manage impacts from our operations while generating scientific knowledge and results that set a benchmark for the entire industry and other players.   


    Through partnerships and active engagement, we aim to not only manage negative impacts but also generate positive ones both within our operations and beyond our fencelines, in order to contribute to a positive future for nature in the global context. 

    As a cross-cutting topic, Vale’s nature and biodiversity stewardship practices are governed by our Sustainability Policy. This policy is designed to anticipate and minimize risks and negative impacts while maximizing positive ones, creating social, environmental, and economic value that extends beyond our core activities.  The guiding principle of this policy is to build a nature related business with positive outcomes for a nature positive future through investments in impact mitigation, restoration, conservation and research, integrating biodiversity, climate, water, and people. Governance is integral to Vale’s management structure, which includes a statutory Sustainability Committee that supports the Board of Directors, in addition to other high-level processes and instruments (for further details, refer to Governance).  

    Biodiversity stewardship is incorporated in requirements within the Vale Production System (VPS). These requirements are based on internal standards outlining guidelines and processes for effective biodiversity management. Published in 2020, our internal standards are applicable to all projects and operations across the stages of planning, implementation, operation, and closure. Developed based on the impact mitigation hierarchy, these guidelines and processes support us in meeting our related commitments.   

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    Targets and commitments

    As part of our 2030 agenda commitments, we have set targets aimed at addressing environmental pressures (such as reducing emissions and reduce freshwater withdrawal), as well as a Forest Target to restore and protect an additional 500,000 hectares beyond our fencelines. The target is broken down into two objectives: to recover 100,000 hectares, through the development and support of businesses with social and environmental positive impact, and to protect 400,000 hectares through partnerships. This commitment is voluntary and above and beyond legal requirements, contributing to a nature-positive future.   

    The Vale Natural Reserve (VNR) and the Fundo Vale are responsible for implementing the Forest Target. The VNR, a protected area owned by Vale in Espírito Santo, Brazil, is one of the largest remnants of Atlantic Forest, boasting over 23,000 hectares of protected wilderness and more than 40 years of experience in conservation, research, and collaborative partnerships. The Vale Fund is a development and investment fund established in 2009 to generate positive socio-environmental impact.  

    In our efforts to protect 400,000 hectares of forests, we are applying the same successful model employed in the Amazon and the Atlantic Forest for nearly four decades. This model leverages expertise and lessons learned from the VNR and partnerships with other public protected areas to support conservation initiatives. In 2022, we began to explore alternative protection methods, such as  REDD+ projects, to achieve greater alignment with our climate-related commitments. As of 2023, we had 165 thousand hectares of protected areas under management through partnerships with government agencies and REDD+ projects.  

    To restore 100,000 hectares of forests, the Vale Fund has built a broad network of partners and social and environmental impact business arrangements, with a particular focus on agroforestry systems. These systems enhance landscape permeability, sequester carbon, and create job and income opportunities for local communities. As of 2023, we have supported the development of nine agroforestry businesses implementing regenerative models across an area exceeding 7 thousand hectares.  

    Progress on Forest Target as of 2023

    From the 500,000 hectares, by 2023 we have met the equivalent of about 35% of the target, with 165 thousand ha of protection and 12 thousand ha of restoration.   

    Scope of Forest Target Initiatives 

    No Net Loss Commitment

    We have a long-term goal to prevent and offset significant impacts in new projects and expansions located in areas of high biodiversity value, supporting our commitment to achieve No Net Loss and, whenever feasible, generate a Net Positive Impact. Our No Net Loss Commitment is recognized and approved by the Sustainability Committee and Board of Directors.

    Our approach consists of assessing biodiversity risks and prioritizing attributes, bringing the Impact Mitigation Hierarchy as a basis for building new Action Plans and Management Plans and improving existing once. The construction of these plans should involve internal and external experts and stakeholders, as well as stimulating the production of knowledge to support specific decisions and goals for each project or operation. 

    The Pilot Management Plan for our S11D Mine in Carajás, developed in collaboration with The Biodiversity Consultancy (TBC), has enabled us to deepen our understanding of and adapt the Performance Standards of the International Finance Corporation (IFC), to our specific circumstances. In 2020, we published an internal standard that outlines guidelines and processes for biodiversity management.This internal standard includes all the stages of the impact mitigation hierarchy, with compensation actions through the recovery and conservation of areas as the basis for neutralising the loss of habitats (no net deforestation) and species.

    Overview of processes outlined in biodiversity management standard 

    In 2022, we published our Biodiversity Management Plan for Carajás, including risk assessments, prioritized attributes and integrated initiatives spanning all projects and operations in the region, informing our territorial management approach. As of 2023, 11 projects and five operations were compliant with the standard, with over 1000 employees trained.

    Learn more about our journey to achieve No Net Loss in our 2021 Vale & Biodiversity report. 

    Biodiversity management in Carajás 

    Vale’s Carajás Biodiversity Management Plan integrates risk management with impact management practices. The plan drew on insights gained in a pilot for the S11D Mine, as detailed in our 2021 Vale & Biodiversity report.  
     

    Changes to the S11D layout have successfully avoided the deforestation of a thousand hectares of forests. Thanks to substantial investments in technology and innovation, we have achieved a 70% reduction in fuel consumption, a 50% decrease in greenhouse gas (GHG) emissions, and a 93% reduction in water consumption.   

    Through our restoration initiatives, we have connected previously islanded forest patches by bridging the gaps created by disturbed land. Nearly a million seedlings have been planted, restoring over 5,000 hectares of forests. Ongoing monitoring of these areas has identified the presence of apex predators such as jaguars (Panthera onca) and ocelots (Leopardus pardalis), indicating a reestablished of biodiversity in these areas.   

    A study carried out by ITV concluded that these forest restoration efforts effectively reversed the environmental degradation predominant in the landscape and provided considerable biodiversity gains for the region. See more here.

    Our offsets plan has focused on preserving caves and ironstone outcrops. In the Tarzan and Bocaina ridges, we have supported ICMBio (Chico Mendes Institute for Biodiversity Conservation) in establishing and protecting the Carajás Campos Ferruginosos National Park. 

    Onça pintada. Photo: Leonardo Mercon
    Vale's Archive

    Commitment not to operate in UNESCO natural heritage sites

    In 2021, we publicly reaffirmed our commitment not to operate in UNESCO world natural heritage sites. This commitment is an overarching principle within our internal standard, "Biodiversity Management Guidelines and Processes.” It is important to note that we do not have any projects or operations in UNESCO-designated areas.  

    Vale has supported the protection of an important heritage site — the Discovery Coast Atlantic Forest Reserves — through conservation efforts led by the Vale Natural Reserve (VNR) and the Sooretama Biological Reserve (REBio).  

    The RNV, a property owned by Vale in Espírito Santo (Brazil), covers 23,000 hectares of Atlantic Forest set aside for voluntary protection and research. The Sooretama Biological Reserve is a federally protected area adjacent to the VNR, with which we have partnered to support conservation initiatives. Together, they constitute the largest continuous expanse of Atlantic Forest remnants in the state, covering approximately 50,000 hectares and providing a protected habitat for threatened and endemic species.  

    Our dependencies and impacts 

    We seek to implement gold-standard methods, technologies, and actions to minimize interference with natural resources. Nevertheless, our operations can generate both direct and indirect impacts on biodiversity.   

    To identify and evaluate these impacts, we conduct assessments that span from pre-entry site planning to final project design, in which we assess potential interferences with natural heritage sites, protected areas, as well as ecologically sensitive habitats and species. All brownfield and greenfield projects undergo environmental impact assessments complying with the laws and regulations of the host country and region.  

    Based on the impact mitigation hierarchy, we implement avoidance, control, mitigation, restoration and offset measures aiming to reduce or neutralize our impacts while incorporating conservation of biodiversity and ecosystem services into our activities. We ensure our operations are compliant with all legal requirements and, whenever feasible, we seek to implement additional initiatives focused on restoration, conservation, and landscape enhancement.  

    Based on an assessment of our operational sites and annual reporting on our performance against indicators, our primary impacts include changes in land use and vegetation cover resulting in localized loss of vegetation and reduction or alteration of wildlife habitat. In 2023, the total area affected by Vale's operations was 89,343 hectares (our footprint). This figure includes areas already modified for the development of our operations and those that have received formal authorization from environmental regulatory bodies for development/operation. Much of these areas are located in Brazil, affecting the Amazon and Atlantic Forest biomes.  

    Part of our operations in Brazil, in the states of Pará and Minas Gerais, overlap with protected areas categorized by the National System of Conservation Units (SNUC, in Portuguese). The  areas are associated with Vale’s operations in Carajás, Pará, within the Carajás National Forest and the Tapirapé Aquiri National Forest — two sustainable-use protected areas (International Union for Conservation of Nature (IUCN) Category VI)  whose legal creation decrees allow the company's activities. Our operations in the Iron Quadrangle region of Minas Gerais intersect with the South Environmental Protection Area in the Belo Horizonte Metropolitan Region (APA Sul RMBH), a sustainable use protected landscape (IUCN Category V), whose legal creation decrees allow the company's activities. 

    Land Use Change

    Extent of land use change in areas of high biodiversity value (GRI 304-1 / 2022)  Hectares
    Total affected area 
    89,343
    Total affected Wilderness area 
    43,719
    Total affected area in hotspots 
    37,073
    Land-use change overlapping protected areas 
    30,113
    Land-use change adjacent to protected areas 
    40,195
    Land-use change in priority conservation areas outside protected areas 
    23,249
    Affected areas adjacent to priority conservation areas outside protected areas 
    7,683
    Note: the protected areas affected by our operations are “sustainable-use protected areas” as defined by Brazilian regulations, corresponding to International Union for Conservation of Nature (IUCN) categories V and VI, in which Vale is permitted to conduct its operations under the relevant protected area decrees. Adjacent areas are protected areas located within a 10 km buffer strip surrounding our operations.  

    Protected areas adjacent to our operations are primarily protected areas owned by Vale. These include Private Natural Heritage Reserves (IUCN Category IV) that have already been established or are in the process of creation, situated in close proximity to our operational sites. Vale has also established or supports the creation of protected areas adjacent to the operations, such as the Campos Ferruginosos National Park (IUCN Category II), created as an environmental permit requirement for the S11D Eliezer Batista Mine in Carajás.   

    Regarding other categories of areas of importance for biodiversity, our operations either impact or are adjacent to specific Key Biodiversity Areas (KBAs) and Ramsar Sites (ecologically significant areas as defined in the Convention on Wetlands of International Importance), as detailed in the following table: 

    Key Biodiversity Areas (KBAs)

    Country/Location  Type of operation  Category of importance for biodiversity¹ Position
    Brazil/ Mariana 
    Mine/Plant 
    KBA
    Contains portions
    Brazil/ Ipatinga 
    Logistics/railway
    Ramsar Site 
    Adjacent²
    Brazil/ Carajás 
    Logistics/railway
    KBA
    Contains portions
    Brazil/ Carajás 
    Mine/Plant 
    KBA
    Overlapping
    Brazil/ São Luis 
    Logistics/Port and Railway
    Ramsar Site 
    Contains portions
    Brazil/ São Luis 
    Logistics/Port and Railway
    KBA 
    Contains portions
    Indonesia/ Sulawesi 
    Mine/Plant 
    KBA 
    Contains portions
    Wales/ Clydach 
    Plant 
    Ramsar Site 
    Adjacent²
    1. Sources consulted: https://www.keybiodiversityareas.org/; https://rsis.ramsar.org/; https://www.ibat-alliance.org (free IBAT Account)
    2. Adjacent area means an operational site overlapping a 10 km buffer around the outer boundaries of an area of high importance for biodiversity. 
    In 2023, there were 4,125 species known to occur in habitats affected by or located near Vale’s operations. Of these, 147 are threatened species within the following IUCN categories: Critically Endangered (13), Endangered (59) and Vulnerable (75). 

    Operations generating significant impacts on areas of high biodiversity value require biodiversity management plans. Of the operational sites assessed in 2023, 50 (92.6%) have been identified as requiring biodiversity management plans (GRI G4 MM2). All operational units that require plans have specific biodiversity programs and actions related to the stages of the mitigation phase (controls, mitigation, recovery and compensation), with 46 (82%) having consolidated plans implemented, two units with plans being implemented (have specific programs implemented, which are being consolidated to reflect internal biodiversity standard guidelines) and two others have programs that are implemented, but being aligned with implemented plans in operations located within the same region.

    Conservation and restoration

    Vale actively protects and supports the protection of an area approximately 1 million hectares in size, which is 11 times larger than our operational footprint. These areas include properties owned by Vale and by third parties, protected through partnerships with environmental agencies both as a legal requirement and as a voluntary effort. They are strategically located in regions of high biodiversity value and conservation significance, such as hotspots and Key Biodiversity Areas, fostering protection for over 600 threatened species (2022 database).   

    Protected Areas Supported by Vale

    Protected area Location  Biome Format¹ Area (hectares)
    National Forest of Carajás 
    Brazil (Pará)
    Amazon rainforest
    Partnership ICMBio¹ 
    391,004 
    National forest of Tapirapé-Aquiri 
    Brazil (Pará)
    Amazon rainforest
    Partnership ICMBio¹ 
    114,240 
    National Forest of Itacaiúnas 
    Brazil (Pará)
    Amazon rainforest
    Partnership ICMBio¹ 
    136,592 
    Biological reserve of Tapirapé 
    Brazil (Pará)
    Amazon rainforest
    Partnership ICMBio¹ 
    99,198 
    Environmental protection area of Igarapé do Gelado 
    Brazil (Pará)
    Amazon rainforest
    Partnership ICMBio¹ 
    23,269 
    National park of Campos Ferruginosos de Carajás 
    Brazil (Pará)
    Amazon rainforest
    Partnership ICMBio¹ 
    21,997 
    State Park of Cunhambebe 
    Brazil (Rio de Janeiro) 
    Atlantic Forest 
     Partnership INEA²  
    38,053 
    Manument of Serra das Torres 
    Brazil (Espírito Santo) 
    Atlantic Forest 
     Partnership INEA²  
    10,458
    Biological reserve of Duas Bocas 
    Brazil (Espírito Santo)
    Atlantic Forest 
     Partnership INEA²  
    2,910 
    National forest of Goytacazes 
    Brazil (Espírito Santo)
    Atlantic Forest 
    Partnership ICMBio¹ 
    1,425
    Botanical Park of São Luís 
    Brazil (Maranhão) 
    Amazon rainforest
    Own 
    110
    Botanical Park of Tubarão 
    Brazil (Espírito Santo)
    Atlantic Forest
    Own 
    30
    Vale's Natural Reserve 
    Brazil (Espírito Santo)
    Atlantic Forest
    Own 
    22,710
    Biological Reserve of Sooretama 
    Brazil (Espírito Santo)
    Atlantic Forest
    Partnership ICMBio¹ 
    27,800
    Private Natural Heritage Reserve (PNHR) in the Minas Gerais Iron Quadrangle 
    Brazil (Minas Gerais)
    Atlantic Forest
    Own 
    12,660 
    Protected area of ​​four small hydroelectric plants (PCHs)
    Brazil (Minas Gerais)
    Atlantic Forest
    Own 
    330
    Ecological Center Vale Malásia (Vale Eco Center) 
    Malaysia
    Sundaland 
     Own  
    289
    Biological reserve of Augusto Ruschi 
    Brazil (Espírito Santo)
    Atlantic Forest
    Partnership ICMBio¹ 
    3,598
    Biological reserve of União 
    Brazil (Rio de Janeiro)
    Atlantic Forest
    Partnership ICMBio¹ 
    7,756
    Biological reserve of Mata Escura 
    Brazil (Minas Gerais)
    Atlantic Forest
    Partnership ICMBio¹ 
    50,892
    Total
    - 
    -
    -
    965,321 
    [1] Source: Chico Mendes Institute for Biodiversity Conservation (ICMBio) Ministry of the Environment.  
    [2] Source: State Environmental Institute (Inea), Government of Rio de Janeiro. 

    Recovery and restoration indicators 

    We actively work to rehabilitate disturbed land and restore habitats within our operations and properties. These measures help to address residual impacts that cannot be avoided or mitigated. In our rehabilitation and restoration efforts, we utilize seedlings produced from seeds retrieved from cleared land, helping to maintain genetic variability and preserve threatened and endemic species. Rehabilitating disturbed land is also a part of our mine closure programs.

    Amount of land (owned or leased, and managed for production activities or extractive use) disturbed or rehabilitated (2023) 

    Opening and closing balance¹ Hectares 
    Affected areas (opening balance) 
    61,027
    Areas affected in the reporting year
    1,394
    Areas undergoing permanent rehabilitation in the reporting year
    809
    Affected areas (closing balance)
    61,612
    1. This disclosure is presented in accordance with the Mining and Metals Sector Supplement, disclosure GRI MM1.

    Research and partnerships

    Our investments in research provide a crucial science-based foundation for our impact management processes, decisions, and initiatives. To enhance and optimize research outcomes, we establish collaborations with biodiversity specialists including universities, government organizations and consultancies.  

    We conduct extensive environmental research to inform effective action plans for mitigation, restoration and offsets activities, and to generate and disseminate scientific knowledge.  
    Supporting our strategy is the Vale Technological Institute (ITV), a research center operating in the Amazon since 2010. Based in Belém (PA), ITV conducts world-leading research on biodiversity, habitat rehabilitation, eDNA-based monitoring, climate change and biotechnology. 

    As of July 2023, ITV had made total investments of R$ 824.43 million in research, published 1,807 scientific papers, completed 225 research and development (R&D) projects, provided 333 research grants, and hosted 61 permanent researchers. 
    Vale's Archive
    To extend the reach of Vale’s contributions for a nature-positive future, we have established restoration and conservation partnerships as part of the global journey to halt and reverse biodiversity loss and supporting initiatives related to zero illegal deforestation. In support of our Forest Target, we are working to develop partnerships and an ecosystem of nature-based businesses. 

    In November 2022, at the Climate Conference (COP 27), Vale launched Biomas, a new enterprise dedicated to restoring and protecting 4 million hect    ares of native forests over two decades across diverse Brazilian biomes, including the Amazon, Atlantic Forest, and Cerrado. The initiative is being implemented in partnership with Itaú Unibanco, Marfrig, Rabobank, Santander, and Suzano.  
    Vale actively supports the conservation of the cherry-throated tanager (Nemosia rourei), of which there are only 22 known individuals in the wild. Photo: Gustavo Magnago.
    In a partnership between the Vale Fund, the Amazon Environmental Research Institute (IMAZON), Microsoft, and the Climate and Land Use Alliance, PrevisIA (in Portuguese) was launched as a public digital platform for identifying areas at increased risk for deforestation and wildfires in the Amazon. Powered by artificial intelligence, this tool aids in planning preventive actions and in policymaking.  

    In 2021 Vale entered into a technical cooperation agreement with the Marcos Daniel Institute (IMD), a private non-profit association dedicated to conserving the cherry-throated tanger (Nemosia roure    i), a critically endangered bird species endemic to the Atlantic Forest of Espírito Santo. The Vale Natural Reserve supports flora surveys, the restoration of disturbed land, ongoing monitoring, and nest searches, all aimed at preventing extinction and ensuring the species’ enduring survival.  
    Dyckia sp, one of the species under study as part of the project. Vale
    These efforts align with the National Action Plan for the Conservation of the Cherry-Throated Tanager. Currently, there are only 22 known individuals in the wild, distributed across two populations: one in the Kaetés Reserve, established with the assistance of international NGOs and managed by IMD; and another in the Augusto Ruschi Biological Reserve, managed by ICMBio and supported by Vale as part of our Forest Target. The Vale Technological Institute (ITV) is also supporting this project by conducting genome research. 

    In 2022, we launched a partnership named "Rede Propagar" (in Portuguese only) with the São Paulo Agribusiness Technology Agency to research methods for the propagation and multiplication of rare and endemic plants in the ferruginous cangas of Minas Gerais. The initiative fosters collaboration among researchers from universities and Institutes of Science and Technology (ICTs), including:  
    • São Paulo Agribusiness Technology Agency (APTA) 
    • State University of Campinas (UNICAMP) 
    • Luiz de Queiroz School of Agriculture at the University of São Paulo (ESALQ/USP) 
    • Federal University of Uberlândia (UFU) 
    • Federal University of Viçosa (UFV) 
    • Federal University of Minas Gerais (UFMG)  
    • State University of Feira de Santana (UEFS) 
    Toward the end of 2022, the Vale Institute of Technology - Sustainable Development (ITV-DS), in partnership with Instituto Chico Mendes de Conservação da Biodiversidade (ICMBio) (in Portuguese), launched an innovative program to map the genomes of species of Brazilian fauna and flora that are endangered, exotic, or are potentially suitable as crops for farmers involved in bioeconomy projects. The Genomics of the Brazilian Biodiversity (GBB)  is unprecedented in Brazil and is being conducted in collaboration with various national and international research institutions. Vale is investing in this initiative because we recognize the importance of local research for maintaining biodiversity in Brazil and harnessing the country’s science potential. 

    Reports (TNFD and CDP Forests)

    TNFD

    The Task Force on Nature-related Financial Disclosures (TNFD) has developed a set of disclosure recommendations and guidance for organizations to report and act on evolving nature-related dependencies, impacts, risks and opportunities. It takes a similar approach to that of the Task Force on Climate-related Financial Disclosures (TCFD) and aligns with standards developed by the International Sustainability Standards Board (ISSB). This standard was developed based on public consultations, with the final draft released on September 19, 2023, during Climate Week in New York.

    We have been members of the TNFD Forum since 2022, actively participating in meetings and providing feedback on the TNFD Framework. We are part of a group of TNFD pilot program partners led by the International Council on Mining and Metals (ICMM). In addition, we are members of the Brazilian Advisory Group led by the Brazilian Business Council for Sustainable Development (CEBDS). 
    Vale's Archive
    In 2022, we conducted an assessment to evaluate compliance with and gaps in applying the LEAP methodology recommendations. In 2023 we completed the pilot implementation of this approach, focusing on our currently active operations in Brazil. The following are some of our key findings to date: 
     
    • Our most material impacts relate to water usage, greenhouse gas (GHG) emissions, and changes in the use of terrestrial ecosystems.  
    • Material dependencies center around water supply (both ground and surface), climate regulation, and erosion control.  
    • The risk assessment, which is in its final stages of completion, shows that the TNFD risk assessment methodology aligns with Vale’s risk management approach, and its language and recommendations can be readily implemented. Our primary material risks involve shifts in climate patterns, reduced water resource availability, alterations in areas of high biodiversity value, with the presence of threatened species. 
    In January 2024, 320 companies announced in Davos (the annual meeting of the World Economic Forum) that they had decided to lead, as early adopters, the Taskforce on Nature-related Financial Disclosure (TNFD), which aims to create guidelines for companies to consider risks to biodiversity and natural capital in their financial reports. Voluntarily adhered to, the TNFD initiative will be accountable until 2025. In total, there are six mining companies, including Vale (Brazil), AngloAmerican (UK), Vedanta (India), Endeavour Mining (UK), Rio Branco (Angola) and Cerrejon (Colombia). There are eight Brazilian companies: four corporate companies (Vale, Suzano, Natura and Telefônica), two financial institutions (BTG Pactual and JGP) and two service providers (Rever and Green Intiative Intl). 

    TNFD Pilot - Stages and outcomes

    Note: The biodiversity disclosures presented on this page are consistent with the recommendations of the Task Force on Nature-related Financial Disclosures (TNFD). This information was reviewed in 2023.
    Vale's Archive

    CDP Forests

    Since 2020, Vale has responded to the CDP Forests program’s minerals and metals questionnaire, enhancing transparency around our management practices. Our focus is on managing impacts, risks, and opportunities related to biodiversity and forests. This questionnaire draws on other standards including the IFC Performance Standards of the International Finance Corporation (a member of the World Bank Group) and the Cross-Sector Biodiversity Initiative (CSBI).
     

    CDP Questionnaire 2023 

    CDP Questionnaire 2022 

    Learn more 

    Learn about Vale’s biodiversity conservation and restoration initiatives in the areas where we operate. 

    Biodiversity Risk Management  

    Since 2015, we have been implementing a biodiversity sensitivity/risk assessment to understand the interface of all our operations and projects with nature, as well as to prioritize areas with high biodiversity risks. The analysis includes nine categories of areas and/or territories relevant to biodiversity, based on global and national organizations (Key Biodiversity Areas - KBA, Protected Areas, Hotspots, occurrence of Endangered Species, among others), to which weights were assigned characterizing their sensitivity and value in relation to biodiversity. Areas prioritized as high risk for biodiversity are located in Brazil, in the Amazon (Carajás) and the Atlantic Forest (Quadrilátero Ferrífero), as well as in Indonesia. These areas have specific impact and risk management actions, consolidated in management and action plans that have been implemented in compliance with legal requirements and voluntarily.  

    Vale has ongoing processes of risk and impact management established in operations and projects, focusing on the identification, prevention, mitigation, and treatment of risks and negative impacts related to biodiversity. As reported in the CDP Forest, all planned and executed activities at Vale are supported by specific procedures to identify associated risks and define critical controls for elimination, control, and/or mitigation. Vale has a Risk Management Policy, a Risk Management Standard, and an internal normative procedure focused on defining criteria and processes for the identification, analysis, and classification of environmental risks, along with specific tools for management and monitoring.  

    Learn more about Risk Management at Vale.  

    In 2023, we initiated a pilot program using the TNFD's LEAP methodology, and we verified that the methodology and processes employed by Vale align with the framework proposed. The primary material risks identified have been well-understood and effectively managed. Regarding the risk of changes in areas of high value for biodiversity, with the occurrence of endemic and threatened species, the internal directive "Guidelines and Processes for Biodiversity Management" focuses on mapping attributes and analyzing biodiversity risks, covering all areas of our business, operations, and projects, based on the Hierarchy of Impact Mitigation and the IFC PS6 performance standard. Additionally, investment in scientific research and knowledge generation about endemic and threatened species occurring in our areas of interest informs our decisions focused on avoiding and reducing impacts, as well as restoration and conservation actions.  

    Regarding our supply chain, we assess our product categories according to 22 ESG risk hotspots which include but are not limited to: biodiversity, emissions, water and waste, air quality and others. The consolidated analysis of these ESG risk hotspots allows us to understand our critical suppliers, that represent 18% of the total suppliers, of which 7% are critical for biodiversity. These process led us to establish specific actions with them. 

    Learn more about Risk Management at Vale.