Vale

InfluenceMap Score
C-
Performance Band
57%
Organisation Score
55%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Materials
Head​quarters:
Rio de Janeiro, Brazil
Brands and Associated Companies
Vale Fertilizantes

The evidence suggests Vale is not supporting climate policy and regulation in line with the goals of the Paris Agreement. Vale has previously stated top-line support for limiting global warming to 2°C and appears to have advocated in favour of the UN climate treaty in 2015. However, evidence from 2018 suggests Vale also lobbied the Brazilian state delegation to the International Maritime Organization to push for weaker international GHG regulations for shipping. In Brazil in 2017, then CEO Fabio Shvartsman signed an open letter which called on the government to incorporate carbon pricing into climate policies. However, the company appears unsupportive of carbon tax policies, having previously opposed the Australian carbon tax in 2014 and, in 2017, stating it had “successfully lobbied” for an exemption to the UK’s climate change levy. Vale has more mixed engagement with cap and trade policy. In 2015, the company voiced support for 2015 reforms to the EU Emissions Trading Scheme and also stated support for an Ontario cap and trade system in 2016. More recently, Vale has voiced opposition to the repeal of Ontario’s system on the basis that it would be replaced by the more stringent Federal Greenhouse Gas Pollution Pricing Act which Vale has separately sought to weaken. Despite supporting the electrification of Canadian transportation, Vale does not appear to be supporting a swift phase-out of coal in the global energy mix. In 2018, for instance, the company promoted a mine in Mozambique on the justification that the transition away from coal will be "lengthy".

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Climate Science Transparency
1 NS NS NS NS 1 1 NA
Climate Science Stance
0 1 NA NS NS NS NS NA
Need for Climate Regulation
NS NS NS NS NS NS NS NA
UN Treaty Support
NS NS NS NS NS 1 0 NA
Transparency on Legislation
0 NA 1 NA NA NA NS NS
Carbon Tax
0 0 -1 NS 0 NS NS NA
Emissions Trading
0 0 1 1 1 NS 0 NA
Energy Efficiency Standards
NS NS 1 NS NS NS NS NA
Renewable Energy Legislation
NS NS NS NS NS NS NS NA
Energy Policy and Mix
1 0 NS 1 -1 1 NS NA
GHG Emission Standards
0 NS NS NS -1 NS 0 NA
Disclosure on Relationships
0 NS 1 NA NA NA NS NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
40%
 
40%
 
72%
 
72%
 
49%
 
49%
 
60%
 
60%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.