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Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010<br />Professor Joanne Lawrence<br />VA...
CONTENTS<br />There is no future without mining<br />And there can be no mining without caring about the future<br />01  I...
01Introduction<br />1<br />
02Mining Industry<br />2<br />
03Company Background<br />1. Numbers in VALE<br />1904 founded<br />115,000 employees<br />5continents<br />35 countries<b...
03Company Background<br />2. Vision, Mission, and Values<br />“To be the largest mining company in the world, and to surpa...
   Excellence in performance
   Entrepreneurship
   Economic, Social and Environmental Responsibility
   Prioritizing Life and Safety
   Respect for Diversity</li></ul>Values<br />4<br />
04Business Overview<br />1. Line of Business<br />Ferrous Minerals<br />Non-ferrous <br />Minerals<br />Coal<br />Logistic...
  Iron pellets
  Manganese
 Nickel
 Aluminum
 Copper
 Fertilizer Nutrients
 Kaolin
 Metallurgical
 Thermal
 Railroads
 Maritime Terminals
 Ports</li></ul>5<br />
04Business Overview<br />2. Company Governance Model<br />General <br />Stakeholders<br />Assembly<br />Advisory Committee...
  The Executive Development </li></ul>    Committee <br /><ul><li>  The Strategy Committee
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Beacon hill team11_vale_csr_v2.0

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

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Transcript of "Beacon hill team11_vale_csr_v2.0"

  1. 1. Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010<br />Professor Joanne Lawrence<br />VALE; The CSR Report Card Team Project <br />Final Presentation<br />March 2011<br />Team 11, Beacon Hill<br />Anastasia Elpida Kokkota<br />Ato Mensah<br />Junhee Han<br />Manish Murarka<br />Ricardo Moraes<br />
  2. 2. CONTENTS<br />There is no future without mining<br />And there can be no mining without caring about the future<br />01 Introduction 02 Mining Industry03 Company Background04 Business Overview05 CSR at Vale06 Recommendation 07 Reference<br />
  3. 3. 01Introduction<br />1<br />
  4. 4. 02Mining Industry<br />2<br />
  5. 5. 03Company Background<br />1. Numbers in VALE<br />1904 founded<br />115,000 employees<br />5continents<br />35 countries<br />14.93 billion dallars revenue in 2010<br />2nd largest mining company in the world <br />3<br />
  6. 6. 03Company Background<br />2. Vision, Mission, and Values<br />“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” <br />Vision<br />MIission <br />“To transform mineral resources into prosperity and sustainable development” <br /><ul><li> Ethics and Transparency
  7. 7. Excellence in performance
  8. 8. Entrepreneurship
  9. 9. Economic, Social and Environmental Responsibility
  10. 10. Prioritizing Life and Safety
  11. 11. Respect for Diversity</li></ul>Values<br />4<br />
  12. 12. 04Business Overview<br />1. Line of Business<br />Ferrous Minerals<br />Non-ferrous <br />Minerals<br />Coal<br />Logistics and Services<br /><ul><li> Iron ores
  13. 13. Iron pellets
  14. 14. Manganese
  15. 15. Nickel
  16. 16. Aluminum
  17. 17. Copper
  18. 18. Fertilizer Nutrients
  19. 19. Kaolin
  20. 20. Metallurgical
  21. 21. Thermal
  22. 22. Railroads
  23. 23. Maritime Terminals
  24. 24. Ports</li></ul>5<br />
  25. 25. 04Business Overview<br />2. Company Governance Model<br />General <br />Stakeholders<br />Assembly<br />Advisory Committees<br /><ul><li> The Accounting Committee
  26. 26. The Executive Development </li></ul> Committee <br /><ul><li> The Strategy Committee
  27. 27. The governance and </li></ul> Sustainability Committee<br /><ul><li> The Finance Committee </li></ul>Fiscal Council <br />Board of Directors<br />Internal audit<br />CEO<br />Executive Officer <br />Human Resources and Corporate <br />Executive Officer <br />Non-Ferrous <br />Minerals <br />Chief Financial Officer <br />Executive Officer <br />Ferrous Minerals <br />Executive Officer Logistics , Projects Management and Sustainability <br />VALE; The CSR Report Card Team Project <br />Final Presentation, March 2011<br />Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010<br />Professor Joanne Lawrence<br />6<br />
  28. 28. 04Business Overview<br />3. Stakeholders<br />Media<br />Employees <br />Governments<br />Suppliers<br />Environment<br />Local Communities <br />/ NGOs <br />Shareholders<br />Management<br />VALE; The CSR Report Card Team Project <br />Final Presentation, March 2011<br />Global Corporate Citizenship & Corporate Social Responsibility, Module B, MBA, 2010<br />Professor Joanne Lawrence<br />7<br />
  29. 29. 05CSR at VALE<br />1. Key Values<br />Sustainable Development Policy <br />VALE Florestar<br />Environmental <br />Management <br />VALE Foundation <br />CSR at<br />Climate Change <br />Technology <br />Institution <br />Biodiversity<br />Human Rights <br />8<br />
  30. 30. 05CSR at VALE<br />2. Financial Structure<br />U$ 781 million<br />U$ 171.58B<br />Social and Environmental investments in 2009<br />Market Cap.<br />9.82<br />U$ 520 million<br />U$ 201 million<br />Price / Earnings Ratio<br />Social Projects<br />Environment<br />9.39<br />ROE (Industry 7.26) <br />U$ 1.5 million<br />5.23<br /> Donation to Red Cross Japan in 2011<br />ROA (Industry 3.41) <br />9<br />
  31. 31. 05CSR at VALE<br />3. Triple Bottom Line<br />Sustainable Development Policy <br />Environmental Responsibility <br />Financial Responsibility <br />Social Responsibility <br />10<br />
  32. 32. 05CSR at VALE<br />3. Sustainable Development Policy <br />V.A.L.U.E. Creation <br /><ul><li>Value added to stakeholders
  33. 33. Anticipation and prevention
  34. 34. Legislation as baseline: continuous improvement
  35. 35. Uphold organization and discipline
  36. 36. Ethics and respect in business </li></ul>L.O.C.A.L. Sustainable Development Catalyst<br />G.L.O.B.A.L. Sustainability Agent<br /><ul><li>Guaranteed transparency
  37. 37. Leadership
  38. 38. Observations of trends
  39. 39. Best practices
  40. 40. Act local, think global
  41. 41. Legacy for future generations
  42. 42. License to operate
  43. 43. Order for development
  44. 44. Communication and engagement
  45. 45. Alliances with key stakeholders
  46. 46. Legacy for the region</li></ul>11<br />
  47. 47. 05CSR at VALE<br />4. Environmental Management<br />Waste management<br />34.1% reduction in generation of oil-contaminated<br />Water Resource Management<br />Recycle 76% of water usage <br />Energy management<br />- In 2010, decrease energy consumption in Canada by 5%<br /> - Invested in palm oil, eco-friendly raw material for biodiesel production<br />Risk management<br /> Corporate, business units, operational activities<br />12<br />
  48. 48. 05CSR at VALE<br />5. Climate Change <br />Vale Carbon program<br /> $3million investment to cut gas emissions and eliminate carbon. <br />Greenhouse Gas Emissions<br /> - 22% reduction in direct CO2 emissions in 2009<br /> - 40% reduction in indirect CO2 emissions in 2009 <br />Climate Change Letter<br /> - Signed agreement to reduce greenhouse gas emissions by 2012 <br /> - Approved by United Nations Leadership Forum on Climate Change<br />13<br />
  49. 49. 05CSR at VALE<br />6. Biodiversity<br />- Vale operations interact with 2,850 plant species and 3,400animal species of<br /> which 114 are in danger of extinction. Union for Conservation of Nature (IUCN)<br />- 9% of their total land is located on legally protected land<br />- 28% of land located in high biodiversity value areas <br />14<br />
  50. 50. 05CSR at VALE<br />7. Vale Florestar<br />Started in 2007 to promote reforestation on degraded areas with native and<br />exotic species<br /> - Objective: recover 300,000 hectares of Amazon forest. <br /> - Result: <br /><ul><li>64 farms in 95,000 hectares reforested</li></ul>- 59,500 hectares with native forest protected<br />- 32,000 hectares for commercial plantations<br /><ul><li>11 million of new plants.
  51. 51. In 2007, 873 people were working directly or indirectly with this project</li></ul>15<br />
  52. 52. 05CSR at VALE<br />8. Vale Foundation<br /><ul><li>Vale Foundation programs are active in Brazil, Colombia and Mozambique.
  53. 53. Investing in education supporting schools and creating literacy programs, sport activities and health care.
  54. 54. Partnership with several governments to develop all the areas. </li></ul>16<br />
  55. 55. 05CSR at VALE<br />9. Institution of Technology Vale<br /><ul><li>Investing in innovation and new technologies for mining
  56. 56. 3 research centers
  57. 57. 20 countries around the World
  58. 58. $2.3 million in 80 graduate scholarships</li></ul>17<br />
  59. 59. 05CSR at VALE<br />10. Human Right<br />VALE’s Spheres of Influence to respect and promote human rights<br />18<br />
  60. 60. 05CSR at VALE<br />10. Human Right<br />Employees<br /> They are creating great conditions for their employees and they are enforcing <br /> their personal and professional education<br />Supply chain<br /> Vale is creating strong relationships with its suppliers and investigating and <br /> preventing child abuses and workers conditions<br />19<br />
  61. 61. 05CSR at VALE<br />10. Human Right<br />Local Communities<br /> Respect to local cultures<br />Governments<br /> Working together with governments to improve local human rights.<br /> In addition, align with all the government legislations<br />Society in general<br /> Vale is actively involved in the improvement of the society and that can be proved<br /> from Vale’s membership and acceptance of the following organizations or contracts: <br /> United Nations Global Compact ,UN Universal Declaration of Human, International <br /> Council on Mining and Metals (ICMM), International Labor Organization (ILO)<br />20<br />
  62. 62. 05CSR at VALE<br />11. Examples<br /><ul><li>ISO 14001 standards
  63. 63. Vale decreased the waste in aluminum area from 42.000 tons to 4.400 tons
  64. 64. 18% of the managers globally and 1.400 employees received training
  65. 65. In 2009 is creating the code of for its suppliers
  66. 66. In 2007 Vale becomes a member of UN Global Compact
  67. 67. Vale has a Governance and Sustainability Committee</li></ul>21<br />
  68. 68. 05CSR at VALE<br />12. External opinions about Vale<br />Economist calls the company “Valuable Vale”<br />"Vale has successfully aligned its CSR efforts with its existing business “ – Forbes<br />Vale not part of Dow Jones Sustainability Index<br />“U.N. Global Compact recognizes Vale’s Sustainability Report” - U.N.<br />Vale rises from B+ in 2007 to A+ score in 2009<br />22<br />
  69. 69. 06Recommendations<br />CSR communication<br />Expand CSR outside of Brazil<br />Improve diversity<br />23<br />
  70. 70. 07Reference<br />http://www.bus-ex.com/article/vale<br />http://www.nap.edu/openbook.php?record_id=10318&page=10<br />http://www.vale.com/en-us/sustentabilidade/fundacao-vale/Documents/folder-vale-foundation.pdf<br />http://www.vale.com/pt-br/sustentabilidade/mudancas-climaticas/Documents/CDP-2010-Vale.pdf<br />http://www.miningweekly.com/article/vale-says-brazil-govt-overcharging-for-royalties-2011-03-10<br />http://www.economist.com/node/17095748 <br />http://www.e-mj.com/index.php/features/850-brazil-mining.html?start=3<br />http://www.forbescustom.com/DiversityPgs/CSRBusinessofEveryCompany.html<br />http://www.miningwatch.ca/en/vale-s-billion-dollar-bonus-another-example-edc-s-faulty-csr<br />http://www.environmentalleader.com/2010/05/28/csr-reporting-improves-co-performance-gri-hands-out-awards/<br />http://en.wikipedia.org/wiki/Vale_%28mining_company%29<br />http://www.unglobalcompact.org/participant/2367-Companhia-Vale-do-Rio-Doce<br />http://www.vale.com/en-us/sustentabilidade/direitos-umanos/Documents/FINAL%20VALlaminaingles-110110_ch1.pdf<br />http://www.vale.com/pt-br/sustentabilidade/mudancas-climaticas/Documents/CDP-2010-Vale.pdf<br />Vale sustainability reports 2007, 2008, 2009<br />http://valeinconegotiations.com/<br />http://www.wsws.org/articles/2010/jul2010/inco-j12.shtml<br />24<br />
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