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Vale

Founded in 1942, Vale is one of the world’s largest producers of nickel, iron ore and pallets. The Brazil-based company is also highly engaged in the production and processing of manganese, ferroalloy and copper, with mineral exploration in Brazil, Canada, Chile, Peru and Indonesia. In addition, the company operates businesses focused on logistics, power and steelmaking. In 2022, it employed more than 64,500 people and earned USD 43.8 billion in revenue.

Summary

Vale ranks 39th overall and 23rd in the Extractives sector. Its best performance is on grievance mechanisms.

Vale discloses its process to review its human rights strategy at board level, as well as its due diligence process to identify and mitigate human rights risks commitment to remedy adverse human rights impacts. The company discloses a commitment to remedy and describes its approach to providing remedy for adverse human rights impacts which it has caused or contributed to.

The company has an opportunity to disclose how it allocates day-to-day responsibility for implementing its human rights policies across its operations. It could also disclose how it involves affected stakeholders in its due diligence and grievance processes. It has an opportunity to disclose how it evaluates the actions taken to mitigate human rights risks as well as how it evaluates the effectiveness of its grievance mechanism.

This company’s score was capped because of its special process assessment due to major catastrophic events.

Ranking position: #39 /110
Total score: 25.8 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 3.9 /10	#22
Embedding respect and human rights due diligence	#1 11.6 /25	#17
Remedies and grievance mechanisms	#1 7.5 /20	#15
Performance: Practices	#1 7.6 /25	#25
Performance: Responses	#1 3.8 /20	#36

Sector
Extractives	#23

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This company is part of the SDG2000, the 2,000 most influential companies

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