Vale Investor Presentation Deck
27
Vale S.A. Proxy Season 2022
We heard and we responded
Board Nomination
We heard that the Nomination
Committee must nominate members
to the board
We responded by establishing
a Nomination Committee and
Nomination Policy
Risk Structure
We heard that we should
reinforce our risk structure
We responded by establishing
the Audit Committee in March 2020,
composed of specialists and
appointing a Compliance Officer
Gender Balance
We heard that we should
increase the % of women in the
workforce
We responded by setting a
goal of doubling the female
presence from 13% to 26% by 2030
and we have already reached 18.7%
in 2021
Member by Member Election
We heard that the Board of
Directors should be elected member
by member and not on a slate
We responded by amending
the Bylaws to provide for individual
election
Compensation
We heard that adoption of the
malus clause should occur in
conjunction with the clawback policy
We responded by adopting
the clawback policy from 2021, in
addition to the malus clause
Board Independence
We heard that our Board should
be composed by an independent
majority
We responded by adopting
that at least 7, out of 13 members,
will be independent
Transparency
We heard that our ESG
disclosure could Improve
We responded by launching
the ESG Portal, disseminating the
Proxy Statement, issuing a Tax
Transparency Report and preparing
the first Integrated Report
Climate Change
We heard that we must be
bolder in our climate change goals
We responded by setting
goals for scope 1, 2 and 3, in line
with the Paris Agreement and putting
forth our best efforts to stay below
2°C, for carbon neutrality by 2050
(scope 1 and 2)
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