A OK Vale will invest at least US$2 billion to reduce its absolute carbon emissions, both direct and indirect, by 33% by 2030. The company's direct emissions come from its own operations, while indirect emissions come from external sources and are used in the production process, such as electricity consumption. The investment will go to projects such as energy efficiency and renewable energy. The initiative is a step forward in Vale's climate agenda.
“It is a very aggressive target when compared to other peers… But, more importantly, we gave something that no one has yet, which is the path to achieve this target with a degree of granularity that is there,” declared the mining company’s CEO, Eduardo Bartolomeo, in an interview with Reuters.
