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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
    • 02Mining Industry
      2
    • 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