Vale's 2008 sustainability report recognized

Published May 11th, 2010 - 08:21 GMT

For the second consecutive year, Vale has been recognized by the world’s leading voluntary corporate citizenship initiative, the United Nations Global Compact ‘Notable Communications on Progress’ program, for the quality of its Sustainability Report. The 2008 Report highlights the progress made by the Company in implementing the ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. 

Georg Kell, Executive Director of the United Nations Global Compact stated that, Vale is amongst the 44 companies commended by the coalition of investors for the quality of their sustainability report. Since joining the global network in 2007, the Brazilian mining giant has developed strategic approaches to drive its business success through actively engaging with local and international partners and civil society. Vale has also played a pivotal role in facilitating a platform for constructive dialogue on critical issues and providing learning opportunities for the promotion of sustainable development and prosperity.

Sergio Leite, Country Manager of Vale in Oman said, “Vale is committed to adopting the ten basic principles outlined by the United Nations in its business practices with regards to human rights, working relationships, environmental protection and fighting corruption. These principles are the very core fundamentals of our operations and are clearly reflected in our Sustainability Reports”.
He added “The 2008 Report closely examines Vale’s strategy of sustainable development and reaffirms our commitment towards transparency, not only in financial results, but also in socio-environmental performance. Our dedication to sustainable development is the path that will lead us to global leadership as a diversified mining company. Despite the global financial recession, we were able to achieve consistent results reinforcing our ability to manage the spectrum of emerging risks and opportunities with the support of the UN Global Compact and its partners”.

The United Nations Global Compact is the world's largest corporate citizenship and sustainability initiative and is a policy platform and a practical framework for committees that are committed to sustainability and responsible business practices.  Since its official launch in 2000, the initiative has grown to more than 7700 participants, including over 5300 businesses in 130 countries around the world. It is a network-based initiative with the Global Compact Office and six UN agencies at its core.

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