Vale Investor Conference Presentation Deck
Re-rating
Pioneer scope 3 target
Absolute scope 3 net emissions
Mt CO₂ eq.
586
2018
Partnership and engagement
(75-85% of the challenge)
Leveraging steel industry.
decarbonization initiatives
-15%
2035
(BaU¹)
Supporting a reduction in shipping
emissions ²
641
}|
496
2035
(target)
Vale's own initiatives
(15-25% of the challenge)
Improving our high-quality portfolio
Developing new technologies and asset
light solutions
Robust and credible carbon offsets
Note: Vale is also committed to revising its scope 3 target in 2025 and every 5 years, in order to reevaluate technological developments and global climate policy advancements.
1 BaU stands for business as usual. Scenario based on production of ~400Mtpy iron ore. Reduction target based on Science Based Target Setting tool for Scope 3, including offsets.
2 Target to reduce intensity in 40% by 2030 and 50% absolute emissions vs. emissions in 2008 (reference year).
1
July 2021
World's first ore carrier
equipped with rotor sails
Vitória, ES, Brazil
SEA ZHOUSHAN
T
5
TAView entire presentation