Vale Investor Day Presentation Deck

27 2 New Pact with Society We have taken important steps on our Scope 3 targets Scope 3 emissions¹ - BAU² 3% 2% 1% 94% Steelmaking Shipping Use of coal Suppliers Improving our high-quality portfolio ▪ Developing new technologies and asset light solutions ■ ■ Vale's own initiatives (15-25% of the challenge) ■ Partnerships with clients and suppliers (75-85% of the challenge) Engaged with customers accounting for ~40% of Vale's scope 3 emissions Leveraging steel industry decarbonization initiatives Supporting a reduction in shipping emissions³ Offsetting based on high-integrity carbon markets to comply with the reduction targets if necessary *Baseline 2018: 586 Mt CO2 eq. Target 2035: 496 Mt CO2 eq. 2 BAU stands for business as usual. 3 Target to reduce intensity in 40% by 2030 and 50% absolute emissions vs. emissions in 2008 (reference year). VALE

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