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Vale: Annual GHG Emissions (2018 – 2021, Million Tonnes CO2 Equivalent)

Industry: Mining
Current: ESG

In 2021, Vale’s total GHG emissions increased by 3% on an annual basis
The metals and mining company, Vale’s Scope 3 emissions accounted for 98% of its total GHG emissions in 2021
Vale has set a goal to reduce Scope 1 and 2 emissions by 33% by 2030 and Scope 3 net emissions by 15% by 2035

Global warming poses danger to the life on earth, risking fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.

The metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy generation, heat or steam, and fuel use. The International Council on Mining and Metals (ICMM) has committed to a goal of net zero Scope 1 and 2 emissions by 2050.

Vale SA (Vale) is a metal and mining company which produces and exports iron ore and pellets, nickel, manganese ore, copper, ferroalloys, metallurgical and thermal coal, copper and cobalt. In 2021, the company reported total GHG emissions of around 505.2 million tonnes CO2 equivalents (MtCO2eq), up 3% from 2020.

Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions are direct emissions from operated assets by the company, such as fuel use, industrial processes and other minor sources. Indirect GHG emissions from the generation of purchased or acquired electricity are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as product transport to global clients and use of products sold.

Scope 3 emissions account for most of Vale’s overall GHG emissions, accounting for 98% of total GHG emissions (495 MtCO2eq) in 2021. In 2021, the company's Scope 3 emissions rose by 3%.

Vale has set a goal to reduce Scope 1 and 2 emissions by 33% by 2030 and Scope 3 net emissions by 15% by 2035. The company also aims to use 100% renewable energy in Brazil by 2025 and globally by 2030.

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