Vale

Vale's Carbon Emissions & Climate Commitments

Vale, headquartered in Brazil and operating in the Iron ores industry, reported total Scope 1, 2, and 3 emissions of approximately 466.2 billion kg CO2e in 2024. This figure includes about 7.4 billion kg CO2e from Scope 1 emissions, 300 million kg CO2e from Scope 2 emissions, and approximately 458.5 billion kg CO2e from Scope 3 emissions.

In 2023, Vale's Scope 1 emissions were approximately 7.5 billion kg CO2e, Scope 2 emissions were 300 million kg CO2e, and Scope 3 emissions were about 450.1 billion kg CO2e. In 2022, the company's Scope 1 emissions were around 7.1 billion kg CO2e, Scope 2 emissions were 300 million kg CO2e, and Scope 3 emissions reached approximately 456.7 billion kg CO2e.

Vale has set several climate commitments:

• Net Zero Target: Vale aims to achieve net zero emissions across all scopes by 2050, aligning with the principles of the Paris Agreement. This long-term commitment also applies specifically to Scope 1 and Scope 2 emissions.
• Near-Term Reduction Targets: The company targets a 33% absolute reduction in its Scope 1 and Scope 2 emissions by 2030, using 2017 as the base year.
• Scope 3 Reduction Target: Vale is committed to reducing its net Scope 3 emissions by 15% by 2035, against a 2018 base year.

Vale S.A. is listed with the Science Based Targets initiative (SBTi) as "Committed" for near-term targets.