Vale to cut its forecast 2020 greenhouse gas emissions by 5pct
It is reported that Vale has established a voluntary goal of cutting its forecast 2020 greenhouse gas emissions by 5%. This target, as well as 88 indicators, management data, and performance ratings, are part of the company's 2011 Sustainability Report, launched on June 28th 2012.
The document, which follows the Global Reporting Initiative methodology and the principles of the International Council on Mining and Metals, was verified by an independent external auditor. The report also serves as a United Nations Global Compact Communication on Progress and contains a Mining and Metals Sector Supplement section.
The report provides information in a range of areas. For example, Vale's number of workers grew by 8% between 2010 and 2011, ending last year with 187,700 employees and contractors (long term service providers and workers on projects). Women's share of the workforce increased by 28% in relation to 2010, representing an achievement for the mining sector.
Higher investment by the company in training and education, social and environmental projects, and health and safety initiatives are also highlighted in the report.
Some key figures from the 2011 Report:
For the third consecutive year, Vale has maintained an A+ application level, the highest level of transparency, and presents its performance in economic, environmental and social dimensions in line with the Global Reporting Initiative methodology.
Jobs - 8% rise in the number of employees between 2010 and 2011.
Education - 40.5% increase in the number of participants in the company’s Vocational Training Program between 2010 and 2011.
Health and safety - More than USD 250 million invested in enhancement projects and awareness raising activities, 150% up on 2010.
Environment investments - Vale invested USD 1 billion in environmental actions, 40% up on 2010.
Social investments - The company invested USD 457.2 million in social projects, 15% up on 2010.
Source - Vale