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HULT Intl Business School team assignment about CSR. The company that our team selected was VALE

HULT Intl Business School team assignment about CSR. The company that our team selected was VALE

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Beacon hill team11_vale_csr_v2.0 Beacon hill team11_vale_csr_v2.0 Presentation Transcript

  • Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010
    Professor Joanne Lawrence
    VALE; The CSR Report Card Team Project
    Final Presentation
    March 2011
    Team 11, Beacon Hill
    Anastasia Elpida Kokkota
    Ato Mensah
    Junhee Han
    Manish Murarka
    Ricardo Moraes
  • CONTENTS
    There is no future without mining
    And there can be no mining without caring about the future
    01 Introduction 02 Mining Industry03 Company Background04 Business Overview05 CSR at Vale06 Recommendation 07 Reference
  • 01Introduction
    1
    View slide
  • 02Mining Industry
    2
    View slide
  • 03Company Background
    1. Numbers in VALE
    1904 founded
    115,000 employees
    5continents
    35 countries
    14.93 billion dallars revenue in 2010
    2nd largest mining company in the world
    3
  • 03Company Background
    2. Vision, Mission, and Values
    “To be the largest mining company in the world, and to surpass the established standards of excellence in research, development, project implementation and business operations”
    Vision
    MIission
    “To transform mineral resources into prosperity and sustainable development”
    • Ethics and Transparency
    • Excellence in performance
    • Entrepreneurship
    • Economic, Social and Environmental Responsibility
    • Prioritizing Life and Safety
    • Respect for Diversity
    Values
    4
  • 04Business Overview
    1. Line of Business
    Ferrous Minerals
    Non-ferrous
    Minerals
    Coal
    Logistics and Services
    • Iron ores
    • Iron pellets
    • Manganese
    • Nickel
    • Aluminum
    • Copper
    • Fertilizer Nutrients
    • Kaolin
    • Metallurgical
    • Thermal
    • Railroads
    • Maritime Terminals
    • Ports
    5
  • 04Business Overview
    2. Company Governance Model
    General
    Stakeholders
    Assembly
    Advisory Committees
    • The Accounting Committee
    • The Executive Development
    Committee
    • The Strategy Committee
    • The governance and
    Sustainability Committee
    • The Finance Committee
    Fiscal Council
    Board of Directors
    Internal audit
    CEO
    Executive Officer
    Human Resources and Corporate
    Executive Officer
    Non-Ferrous
    Minerals
    Chief Financial Officer
    Executive Officer
    Ferrous Minerals
    Executive Officer Logistics , Projects Management and Sustainability
    VALE; The CSR Report Card Team Project
    Final Presentation, March 2011
    Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010
    Professor Joanne Lawrence
    6
  • 04Business Overview
    3. Stakeholders
    Media
    Employees
    Governments
    Suppliers
    Environment
    Local Communities
    / NGOs
    Shareholders
    Management
    VALE; The CSR Report Card Team Project
    Final Presentation, March 2011
    Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010
    Professor Joanne Lawrence
    7
  • 05CSR at VALE
    1. Key Values
    Sustainable Development Policy
    VALE Florestar
    Environmental
    Management
    VALE Foundation
    CSR at
    Climate Change
    Technology
    Institution
    Biodiversity
    Human Rights
    8
  • 05CSR at VALE
    2. Financial Structure
    U$ 781 million
    U$ 171.58B
    Social and Environmental investments in 2009
    Market Cap.
    9.82
    U$ 520 million
    U$ 201 million
    Price / Earnings Ratio
    Social Projects
    Environment
    9.39
    ROE (Industry 7.26)
    U$ 1.5 million
    5.23
    Donation to Red Cross Japan in 2011
    ROA (Industry 3.41)
    9
  • 05CSR at VALE
    3. Triple Bottom Line
    Sustainable Development Policy
    Environmental Responsibility
    Financial Responsibility
    Social Responsibility
    10
  • 05CSR at VALE
    3. Sustainable Development Policy
    V.A.L.U.E. Creation
    • Value added to stakeholders
    • Anticipation and prevention
    • Legislation as baseline: continuous improvement
    • Uphold organization and discipline
    • Ethics and respect in business
    L.O.C.A.L. Sustainable Development Catalyst
    G.L.O.B.A.L. Sustainability Agent
    • Guaranteed transparency
    • Leadership
    • Observations of trends
    • Best practices
    • Act local, think global
    • Legacy for future generations
    • License to operate
    • Order for development
    • Communication and engagement
    • Alliances with key stakeholders
    • Legacy for the region
    11
  • 05CSR at VALE
    4. Environmental Management
    Waste management
    34.1% reduction in generation of oil-contaminated
    Water Resource Management
    Recycle 76% of water usage
    Energy management
    - In 2010, decrease energy consumption in Canada by 5%
    - Invested in palm oil, eco-friendly raw material for biodiesel production
    Risk management
    Corporate, business units, operational activities
    12
  • 05CSR at VALE
    5. Climate Change
    Vale Carbon program
    $3million investment to cut gas emissions and eliminate carbon.
    Greenhouse Gas Emissions
    - 22% reduction in direct CO2 emissions in 2009
    - 40% reduction in indirect CO2 emissions in 2009
    Climate Change Letter
    - Signed agreement to reduce greenhouse gas emissions by 2012
    - Approved by United Nations Leadership Forum on Climate Change
    13
  • 05CSR at VALE
    6. Biodiversity
    - Vale operations interact with 2,850 plant species and 3,400animal species of
    which 114 are in danger of extinction. Union for Conservation of Nature (IUCN)
    - 9% of their total land is located on legally protected land
    - 28% of land located in high biodiversity value areas
    14
  • 05CSR at VALE
    7. Vale Florestar
    Started in 2007 to promote reforestation on degraded areas with native and
    exotic species
    - Objective: recover 300,000 hectares of Amazon forest.
    - Result:
    • 64 farms in 95,000 hectares reforested
    - 59,500 hectares with native forest protected
    - 32,000 hectares for commercial plantations
    • 11 million of new plants.
    • In 2007, 873 people were working directly or indirectly with this project
    15
  • 05CSR at VALE
    8. Vale Foundation
    • Vale Foundation programs are active in Brazil, Colombia and Mozambique.
    • Investing in education supporting schools and creating literacy programs, sport activities and health care.
    • Partnership with several governments to develop all the areas.
    16
  • 05CSR at VALE
    9. Institution of Technology Vale
    • Investing in innovation and new technologies for mining
    • 3 research centers
    • 20 countries around the World
    • $2.3 million in 80 graduate scholarships
    17
  • 05CSR at VALE
    10. Human Right
    VALE’s Spheres of Influence to respect and promote human rights
    18
  • 05CSR at VALE
    10. Human Right
    Employees
    They are creating great conditions for their employees and they are enforcing
    their personal and professional education
    Supply chain
    Vale is creating strong relationships with its suppliers and investigating and
    preventing child abuses and workers conditions
    19
  • 05CSR at VALE
    10. Human Right
    Local Communities
    Respect to local cultures
    Governments
    Working together with governments to improve local human rights.
    In addition, align with all the government legislations
    Society in general
    Vale is actively involved in the improvement of the society and that can be proved
    from Vale’s membership and acceptance of the following organizations or contracts:
    United Nations Global Compact ,UN Universal Declaration of Human, International
    Council on Mining and Metals (ICMM), International Labor Organization (ILO)
    20
  • 05CSR at VALE
    11. Examples
    • ISO 14001 standards
    • Vale decreased the waste in aluminum area from 42.000 tons to 4.400 tons
    • 18% of the managers globally and 1.400 employees received training
    • In 2009 is creating the code of for its suppliers
    • In 2007 Vale becomes a member of UN Global Compact
    • Vale has a Governance and Sustainability Committee
    21
  • 05CSR at VALE
    12. External opinions about Vale
    Economist calls the company “Valuable Vale”
    "Vale has successfully aligned its CSR efforts with its existing business “ – Forbes
    Vale not part of Dow Jones Sustainability Index
    “U.N. Global Compact recognizes Vale’s Sustainability Report” - U.N.
    Vale rises from B+ in 2007 to A+ score in 2009
    22
  • 06Recommendations
    CSR communication
    Expand CSR outside of Brazil
    Improve diversity
    23
  • 07Reference
    http://www.bus-ex.com/article/vale
    http://www.nap.edu/openbook.php?record_id=10318&page=10
    http://www.vale.com/en-us/sustentabilidade/fundacao-vale/Documents/folder-vale-foundation.pdf
    http://www.vale.com/pt-br/sustentabilidade/mudancas-climaticas/Documents/CDP-2010-Vale.pdf
    http://www.miningweekly.com/article/vale-says-brazil-govt-overcharging-for-royalties-2011-03-10
    http://www.economist.com/node/17095748
    http://www.e-mj.com/index.php/features/850-brazil-mining.html?start=3
    http://www.forbescustom.com/DiversityPgs/CSRBusinessofEveryCompany.html
    http://www.miningwatch.ca/en/vale-s-billion-dollar-bonus-another-example-edc-s-faulty-csr
    http://www.environmentalleader.com/2010/05/28/csr-reporting-improves-co-performance-gri-hands-out-awards/
    http://en.wikipedia.org/wiki/Vale_%28mining_company%29
    http://www.unglobalcompact.org/participant/2367-Companhia-Vale-do-Rio-Doce
    http://www.vale.com/en-us/sustentabilidade/direitos-umanos/Documents/FINAL%20VALlaminaingles-110110_ch1.pdf
    http://www.vale.com/pt-br/sustentabilidade/mudancas-climaticas/Documents/CDP-2010-Vale.pdf
    Vale sustainability reports 2007, 2008, 2009
    http://valeinconegotiations.com/
    http://www.wsws.org/articles/2010/jul2010/inco-j12.shtml
    24