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Vale released on Monday (June 15), on a voluntary basis, its 2025 Sustainability-Related Financial Information Report, reinforcing the pioneering spirit and transparency of its management. For the first time, the company includes circular mining as a business opportunity in the document, recognizing sustainability's potential to generate value for the business.
Vale was the first mining company in the world and the first Brazilian company to publish, as early as last year, a report following the new standard established by the International Sustainability Standards Board (ISSB) for companies to disclose sustainability-related risks and opportunities.
The first edition focused in depth on climate-related data. In the second edition, Vale expands its risk analysis to four additional topics: tailings dams, environmental licensing, community relations and human rights, and health and safety — while also introducing a new business opportunity linked to waste reuse.
"This second edition of the ISSB-aligned report reflects the evolution and maturity of Vale's sustainability agenda. We have advanced the integration between sustainability and finance, providing increasingly consistent and relevant information for responsible investor decision-making. This move reinforces our commitment to transparency, data quality, and long-term sustainable value creation," said Grazielle Parenti, Executive Vice President of Sustainability.
The newly mapped opportunity is circular mining — a term coined to describe the application of the circular economy to mining. The goal is to maximize the use of extracted resources, including the reuse of process waste, to reduce waste generation and minimize environmental impacts while creating business value.
Last year, Vale produced 26 million tonnes of iron ore through circularity initiatives, an increase of 107% compared to the previous year. Currently, circular mining accounts for 8% of the company's total output. The ambition is to reach 10% of total production by 2030. Key initiatives under the Circular Mining Program include reprocessing materials stored in waste piles and tailings dams, as well as the manufacture of co-products - such as Sustainable Sand and inputs for the construction industry - from iron ore production process residues.
Other business opportunities highlighted in the report include growing demand for iron ore products with the potential to reduce carbon emissions in the steel industry, and increasing demand for metals critical to the energy transition, such as copper and nickel.
The release of the ISSB-standard report fulfills Vale's transparency commitment, which includes publishing documents relevant to investor decision-making, such as the Annual Report released in April.
"By publishing reports based on globally recognized standards, we disclose sustainable practices transparently, facilitating responsible investment decisions and promoting greater quality and confidence in environmental, social, and corporate governance performance information. Transparency is a fundamental attribute in Vale's relationship with investors and society," said Marcelo Bacci, Vice President of Finance and Investor Relations.
Vale's ISSB-standard report was prepared in accordance with the IFRS Sustainability Disclosure Standards, ensuring a high level of transparency in information related to the financial impact of the company's sustainability actions, and can be accessed here.