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About the Cover Disclaimer
The cover of PT Vale Indonesia Tbk’s 2024 Sustainability The Sustainability Report of PT Vale Indonesia Tbk, hereinafter
Report features a group of students from Yayasan Pendidikan referred to as the “Report”, includes data and information
Sorowako (YPS) standing in front of an electric bus operated that is material to stakeholders regarding PTVI’s sustainability
by PT Vale. This image is more than just a visual representation performance in the period 2024. In general, the contents
— it serves as a symbol of this year’s overarching theme: of this Report are derived from internal reports that have
Resourcing for a Greener Future: Leading with Impact been verified by third parties. The terms “PT Vale”, “PTVI”,
through Sustainability. “Company”, “We”, or “Us” used in the Report refer to PT Vale
Indonesia Tbk.
The electric bus is part of PT Vale’s initiative to introduce en-
vironmentally friendly mobility solutions within its operational Readers should be aware that this Report also presents
area. The energy that powers the bus is fully supplied by PT information containing data and information about views
Vale’s Hydroelectric Power Plant, making it 100% renewable and statements that are forward-looking. PTVI understands
and free from carbon emissions. This reflects the company’s that risks and uncertainties from various factors can affect
strategy of responsibly utilizing its resources to support the operational performance and business conditions in the
transition toward a greener future. future. Therefore, we remind readers that the Company
cannot guarantee that forward-looking statements will
Beyond serving as transportation for employees, the bus reflect actual conditions in the future. Thus, we remind
also provides free mobility solutions for students — from readers to use them wisely.
Kindergarten to Senior High School — enrolled in YPS schools,
benefiting both the children of employees and those from the The tables and graphs in this Report present numerical data
local community. In this way, PT Vale integrates environmental with writing standards following Indonesian language rules.
innovation with meaningful social contribution. The presentation of numerical values in the text also uses
Indonesian language rules.
Through this program, PT Vale demonstrates that sustainability
is not only about the environment, but also about creating a In general, the reporting of data and information in this
positive impact for future generations. This initiative stands report focuses on production operations in the mining area
as concrete proof that resourcing for a greener future can also and nickel management in Sorowako, however, some topics
be a tangible step toward leading with impact. also cover ongoing operations in the Pomalaa and Bahodopi
mining areas.
1 Sustainability Report 2024
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Table of Contents
Climate Adaptation and Resilience 89
01 Disclaimer 1 07 Sustainability Management in Growing
Emissions and Energy Management 92
Long-Term Value 35
Water and Effluent Management 98
Sustainability Approach 36
02 Table of Contents 2 Waste Management 101
Stakeholder Engagement 38
Biodiversity Protection 106
ESG Risk and Opportunity Assessment 44
Land and Watershed Rehabilitation Outside CoW 109
03 2024 Sustainability Performance Highlights 4 Application of Double Materiality for Impact
Post-mining Planning 112
Operational Performance 4 Management and Corporate Strategy Development 46
Mineral Efficiency and Conservation in Nickel Processing 113
Environmental Performance 4 Management of Material Topics 48
Social Performance 5 ESG Roadmap 59
Governance Performance 7 Sustainability Governance 60 10 Human Capital Excellence for Sustainable
Sustainable Performance Monitoring and Evaluation 62 Growth 114
Responsible Supply Chain 63 PT Vale’s Approach to Managing Material Issues Related
04 Theme Description 10
Product/Service Development Responsibility 65 to Human Capital 115
Employee Statistics 116
05 Message From the President Director 12 Protection and Fulfillment of Workers’ Rights 117
08 Leading Through Ethical Governance 66
Signatures of Directors and Commissioners 17 Commitment to Diversity, Equity and Inclusion 120
PT Vale’s Approach to Managing Material Governance
Training and Development Employees 122
Issues 67
06 About PT Vale Indonesia 19 Employee Remuneration and Benefits 123
Governance Structure 68
PT Vale Indonesia’s Role in Advancing Nickel Recruitment Process and Workforce Turnover 125
Risk Management and Governance Roles 70
Downstreaming 20 Handling Employee Grievances 126
Strengthening Governance Capacity 71
Company Name and Address 21 Commitment to Employee Health and Safety 127
Performance Assessment and Remuneration 74
Business Scale 22 Occupational Health and Safety Performance 132
Governance Policy 75
Operational Area 23 Mental Health Initiatives 134
Whistleblowing Channel 78
Shareholders and Legal Form 24
Security of Data and Digital Information 81
Business Activities and Processes
Financial Performance and Economic Contribution 25
09 Enhancing Our Commitment to the
Significant Changes in the Company 29
Environment 83
Certification and Association Membership 30
PT Vale’s Approach to Managing Environmental
Awards and Inspirational Achievements 2024 33
Material Issues 84
PTVI Core Values 34
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11 Maintaining Community Harmony through 14 Data Tables 177
135
Strategic Engagement 06 About PT Vale Indonesia Tbk 177
136
Introduction to Chapter/General Approach 07 Sustainability Management in Growing Long-Term
138
Respect for Human Rights Value 177
141
Relocation and Rights to Land and Resources 08 Leading Through Ethical Governance 178
143
Community Engagement/Relations 09 Enhancing Our Commitment to the Environment 179
143
Initiatives to Create Positive Impacts for Communities 10 Human Capital Excellence for Sustainable Growth 191
152
11 Maintaining Community Harmony through Strategic
Engagement
12 About This Report 162
Material Topic Disclosure 166
15 Attachment
Independent Assuror Statement
13 Our Contribution to the Sustainable
POJK Index 197
Development Goals 170
GRI Index 201
SASB Index 215
Feedback Sheet 218
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Sustainability Performance Highlights 2024
Operational Performance [POJK51-B.1]
Total Nickel Production and Operating Revenue Nickel Production Cost
Sales in Matte (Tons) (Thousand US$) in Matte (US$ per Ton)
Production reached Sales reached Total Revenue Profit for the Year Nickel Production Cost in Matte is
reached reached
71,311 tons 72,625 tons US$ 9,479 per Ton 6.05% compared to 2023
0.82% compared to 2023 3.59% compared to 2023
950,388 Thousand US$ 57,761 Thousand US$
23% compared to 2023 78.95% compared to 2023
1,232,263 11,444
1,179,452
10,089
72,625
70,728 70,108 71,311 950,388 9,479
60,090 60,090
Total Revenue
Profit of the Year
(Thousand US$)
274,334
200,401
2022 2023 2024 57,761 2022 2023 2024
Nickel Production Cost in Matte Nickel Production Cost
Production Sales 2022 2023 2024 (US$ per Ton) in Matte Trend
Operational Stability Amidst
Fluctuating Nickel Prices
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Environmental Performance [POJK51-B.2]
PROPER Gold* Non-GHG Emissions Energy Usage
The highest national assessment from the
Ministry of Environment and Forestry
(KLHK) program.
Total SO2 Emissions 52.172 2023: 53.188
Total Energy Usage 31,785,655
2022: 43.377
(GJ)
(Ton SO2eq) 2023: 30,974,879 2022: 26,956,105
1.91% compared to 2023
Greenhouse Gas (GHG) Energy Intensity 445.73
Emissions SO2 Emission Intensity 0.73 2023: 0.75 (GJ/Ton Ni) 2023: 437.90 2022: 448.60
Scope 1 and Scope 2 2022: 0.72
(Ton SO2eq/Ton Ni)
2.67% compared to 2023
Total GHG Emissions 2,135,742 30.6% of total energy use comes from
renewable energy
(Ton CO2eq) 2023: 2,032,313 2022: 1,748,552
Total Particulate Emissions 2023: 600
(Tons of Particulates) 879 2022: 681
GHG Emission Intensity 29.95
(Ton CO2eq/Ton Ni) 2023: 28.73 2022: 29.10 Particulate Emission
2023: 0.007 Waste
Intensity 0.012 2022: 0.009
An explanation of the dynamics of Production and GHG Emission Intensity can be (Ton Particulate/Ton Ni)
seen on page XX.
92. B3 Waste Production 2,407.5
(Ton)
2023: 2,041 2022: 1,865.3
Waste Utilization
1,453 tons of reuse of toxic and
Water Use Water Usage All water treatment hazardous waste (B3)
Intensity
510 m³
(Megaliters) points meet the
(Megaliters/Ton Ni) of recycled water
in the Lamella Gravity
quality standards
set by the government.
377,964.29 tons of nickel slag (non-B3 waste)
utilization as construction
8,498.94 0.12 Settler is used as raw
material and mining road layers
material for Ferrousulphate
2023: 7,561.10 2022: 8,519.80 2023: 0.11 2022: 0.14
solution.
*PROPER is an annual environmental performance assessment by the Ministry of Environment and Forestry. The Gold rating is the highest award for companies that go beyond compliance and implement sustainable practices, including social aspects. PT
Vale is the only integrated nickel mining and processing company to achieve a Gold rating this year.
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Environmental Performance [POJK51-B.2]
Reclamation and Biodiversity
Environmental
Rehabilitation Conservation in 2024
Training in 2024
Reclamation of
Former Mining Land 178.9 2023: 224.4
2022: 295.4
(Ha)
67,903
endemic trees replanted in
DAS Rehabilitation 14,740 2023: 10,435
post-mining areas
(Ha) 2022: 10.435
41.3% compared to 2023 633 employees and 75 employees and
41.3% dibandingkan tahun 2023 1,134 contractors 29 contractors
Conserving received environmental participated in environmental
139,151 different types of trees were planted on
22 deer training management certification
land that had been mined.
Facing Challenges, Strengthening Commitment
2024 is a challenging year for environmental performance, with a number of achievements Nevertheless, we use these challenges as a stepping stone to accelerate the transformation
that are not in line with the company’s sustainability targets and goals—including towards more efficient and low-carbon operations. Initiatives such as ore de-watering,
increased emissions and energy consumption, increased volumes of B3 waste, and heat-waste utilization, and biomass utilization are concrete examples of the sustainable
decreased reclamation realization. These challenges arise amidst our efforts to increase steps we are taking to improve our overall environmental performance.
nickel matte production at the Sorowako processing plant with lower nickel ore content.
On the other hand, natural factors such as high rainfall cause the ore to have a higher More details about our environmental performance and initiatives can be found on page 83.
moisture content.
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Social Performance[POJK51-B.3]
Human Resource Management
Employee Statistics Employee Training Occupational Safety
and Health (K3)
Total 3,038 Number of 65,687
Employees 2023: 3,018 2022: 2,929 Training Hours 2023: 87,639 2022: 117,360
Zero Work-related Deaths
(Zero Fatalities) in 2024
Number of employees
Employee in 83% who attended training 7,221
Diversity2024 are local employees 2023: 9,330 2022: 2,934
Number of Happy 27,220,763
Working Hours 2023: 8,737,825 2022: 14,182.199
Average training 22
hours Lowest accident 76.73%
88% 12% 2023: 29 2022: 40
statistics
male employees female employees 1.4% 2023: 73.56% 2022: 70.24%
total female in PT Vale history: In 2024, the percentage
2,686 352 employees
compared to 0.92% turnover rate, 0.07% compared to 2023 of safe working hours 29.7% compared
to 2023. Percentage of Compliance with
4.3% compared to 2023
2023
male employees female employees the Mining Safety Management System
(SMKP) Minerba
88.18% 143
18 of employees are employees received competency
female employees occupy tests from the Professional
members of a trade Number of Employees
managerial positions,
union Certification Institute and Contractors
18,402
2023: 16,813
Undergoing Health
Checks 9.5% compared to 2023
Total Hours of K3 Employees
2023: 694
and Emergency
Response Training
1,020 2022: 361
47.1% compared to 2023
Contractors
2023: 3,964
6,166 2022: 4,525
55.6% compared to 023
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Social Performance[POJK51-B.3]
Contributing to Community Empowerment
Budget realization for the Community
Development and Empowerment Program Forms of Support in 2024
(PPM) in Sorowako, Pomalaa, and Bahodopi.
Educational transportation
US$4,000,198 facilities
2023: US$ 5,571,359 2022: US$ 6,381,165 or students in five villages, namely Balambano,
Laskap, Pongkeru, Pasi-Pasi, and Harapan
Beneficiaries in 2024 600 genja coconut trees
planted in pineapple plantation areas
~300 families and
>15 public facilities
in Nuha District receive electricity subsidies 309 food packages
113 micro, small, and medium
enterprises (MSMEs) 5,000 tree seedlings
participants in the capacity and for greening the Rammang-rammang
competitiveness improvement program Tourism Area
115 members of women
farmers' groups
from 10 groups participate in organic Community Engagement
farming training
/Relations
9 health centers 41 students
in PT Vale conduct research or internships Complaints/ 83.7%
empowerment areas in the operational area Complaints Resolved of complaints resolved
in Bahodopi
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Governance Performance 9 Sustainability Report 2024
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Theme Description
Resourcing for a Greener Future: Leading with This theme also reflects the evolution of PT Vale’s business,
Impact through Sustainability which is not only focused on sustainable mining activities,
but also on developing refining processes through strategic
Since beginning exploration in Indonesia in the 1920s, PT partnerships to produce nickel products needed by the
Vale (formerly known as PT Internasional Nickel Indonesia/ world to drive the energy transition. This step is part of
INCO) has been committed to leading the industry with our downstream strategy to increase added value, in line
integrity and strong sustainability principles. “Resourcing with the mission of the Republic of Indonesia government
for a Greener Future: Leading with Impact through in encouraging downstream-based industrialization
Sustainability” is not just the theme of our sustainability to increase added value, which will ultimately support
report this year, but a reflection and affirmation of our vision Indonesia’s economic growth.
and mission in responding to global challenges towards a
greener future. Throughout 2024, PT Vale continues to demonstrate its
commitment to sustainability through various impact
We recognize that nickel plays a crucial role in the global mitigation programs, strengthening environmental
energy transition, especially as a key raw material for initiatives, and community social development. However,
renewable energy technologies such as electric vehicle (EV) we also face a number of unavoidable challenges. Declining
batteries and energy storage systems. In this context, PT nickel content in ore, extreme rainfall, and global nickel
Vale Indonesia is fully aware that mining activities, although price pressures put additional pressure on energy efficiency
important for development and supporting the decarbon- and decarbonization efforts. At the same time, the use
ization agenda, have a significant impact on society and the of biomass as an alternative energy still faces obstacles in
environment. terms of technical feasibility and costs.
This awareness has given birth to a deep determination to All these challenges do not dampen our spirits but instead
not only provide raw materials responsibly, but also minimize become a trigger to continue to innovate and adapt. PT Vale
negative impacts and create real positive contributions realizes that not all efforts will be immediately successful,
to the environment and surrounding communities. This but we continue to learn and find more effective and efficient
commitment is in line with the company’s goal, which is to ways to achieve sustainability goals. We believe that a
improve the quality of life and build a better future together. greener future can only be achieved through collaboration
Amidst the strategic role of nickel in realizing a low-carbon and innovation. Therefore, the Company, together with
future, we also understand that sustainability can only partners, decided to build a nickel ore processing facility that
be achieved through consistent social and environmental can maximize the use of nickel ore that has been mined and
responsibility. minimize energy consumption, such as the High-Pressure
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Acid Leach (HPAL) project in Pomalaa, Bahodopi, and Sorowako Limonite. These three development projects also support the green energy industry supply chain. As part of its commitment to lead with positive impact, PT Vale is also striving to adopt global sustainability standards, including through the process towards the Initiative for Responsible Mining Assurance (IRMA) certification. On the environmental side, we continue to optimize energy use and reduce carbon footprint, in line with the Roadmap to Carbon Neutral 2050. Meanwhile, on the social side, we proactively empower local communities through increasing social capital, skills development, strengthening institutions, supporting vulnerable groups, and improving local infrastructure and cultural values. Moving forward, PT Vale will continue to drive the transformation towards a green economy by ensuring that every business activity not only supports industrial growth, but also makes a real contribution to environmental conservation and community welfare in an inclusive and sustainable manner. 11
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Message Frome President Director [POJK51-D.1] [GRI 2-22]
Dear Esteemed Stakeholders, running mining operations but also building a better future. By
With gratitude and humility, we express our highest upholding the principles of the International Council on Mining
appreciation for the continued support and trust given to PT and Metals (ICMM), we have integrated environmental, social,
Vale Indonesia Tbk. Amidst the ever-growing global complexity and governance (ESG) aspects into every aspect of our business.
and dynamics, we are increasingly convinced that the true This commitment is not temporary; it has become embedded
strength of a company lies in strong synergy and collaboration in the company’s identity and serves a guide in every decision-
with its stakeholders. Our journey in the nickel industry is a making.
journey to continue learning, adapting, and growing—together
and for Indonesia. In 2024, we will participate in the 29th Conference of the Parties
(COP) as a form of our commitment to taking part in global
As the global energy transition accelerates, nickel has emerged efforts for sustainability. This participation is a reflection of
as a critical mineral that plays a central role in driving the our awareness that climate challenges can only be overcome
transformation towards a low-carbon economy. However, this through collaboration across sectors, countries, and interests.
strategic role comes with a heavy responsibility. Our industry is We are here to contribute, learn, and show that the critical
faced with various challenges ranging from increasingly complex minerals sector can also be part of the solution.
environmental pressures, increasing social expectations, to
regulations that continue to develop both at the national and Through this Sustainability Report, we transparently convey
international levels. Amidst these pressures, only those who are the real steps we have taken, from environmental initiatives to
able to transform sustainably will survive and provide long-term reduce carbon footprints, to social programs that strengthen
positive impacts. the capacity of surrounding communities. In every program,
we instill a spirit of continuous learning and self-improve-
Not only external aspects, we also face internal challenges that ment, because we realize that sustainability is an ever-evolving
require resilience and creativity. The fluctuating nickel price process, not a final destination.
throughout the year requires us to rethink efficiency, business
resilience, and operational competitiveness. In this situation,
we are committed to maintaining a balance between economic
performance and socio-environmental responsibility. Because
Febriany Eddy we believe that sustainability is not an option, but the only way
forward.
President Director of PT Vale Indonesia Tbk
As part of the global nickel industry ecosystem, PTVI is aware
of the strategic responsibility we carry. We are not just
12 Sustainability Report 2024
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accelerate decision-making, and strengthen cross-unit
synergies, while still upholding the principle of prudence.
Progress in governance is also evident from the increase in
female representation on the Board of Commissioners and
Board of Directors, which now stands at 23.5%, as well as
the involvement of local and national suppliers at 77% of
total procurement. This improvement is the foundation that
strengthens our ESG commitment, which we continue to drive
through various strategies throughout 2024.
We apply a dual materiality approach to understand ESG risks
Operational Performance and Strategic Projects neutral from the start of operations, is currently completing not only from a company perspective, but also from a societal
Amidst global market pressures and significant external the permitting phase, with mine construction progress and environmental perspective. This is not just a technical
challenges, PT Vale demonstrated resilience and high reaching 70% of the target completion. With strategic process, but a real manifestation of our empathy and sense of
commitment in maintaining operational sustainability. partners such as Ford and Huayou, the Pomalaa project responsibility in creating sustainable value.
Throughout 2024, we successfully recorded nickel in matte continues to show positive progress, while the Sorowako
production of 71,311 tons—exceeding the target and showing Limonite Ore project is currently in the permitting process. All We have also launched a Sustainability Policy as a strategic
a significant increase compared to the previous year. Sales of these projects are not just physical investments, but also a framework for the company, and formed a Sustainability
volume also increased to 72,625 tons, reflecting customer reflection of our commitment to continue growing responsibly Committee to strengthen ESG-based decision-making. As
confidence in our quality and reliability. and sustainably—with our stakeholders and for the future of new challenges arise from expansion projects and increased
Indonesia. production capacity, we are refining our ESG roadmap to
Through various efficiency initiatives, we were able to reduce remain relevant and adaptive. This roadmap will contain
cash production costs per ton to the lowest point in the last Improved Governance and ESG Performance concrete targets—from decarbonization, increasing social
three years, namely $9,479/ton. Although the average nickel We believe that good governance is the main foundation of contribution, to strengthening governance—so that
selling price decreased by 30.3% compared to last year, long-term sustainability. In 2023, PT Vale’s score in the ASEAN sustainability becomes a living culture throughout the
we were still able to record a net profit of US$57.7 million. Corporate Governance Scorecard (ACGS) increased to 98.68% organization, not just a commitment on paper.
This achievement reflects our ability to consistently create from 87.68% in 2021. We have also started implementing the
long-term value amidst challenging market dynamics. company’s new values, CARES: Compassion, Accountability,
Resilience, Excellence, Sustainability, as a guideline for
organizational culture in facing challenges and making
2024 is also a pivotal year for accelerating our strategic projects decisions in a more inclusive and sustainable manner. As part
that are in line with the vision of a clean energy transition. The of the post-divestment transformation, we are implementing
Sambalagi HPAL project in Morowali, designed to be carbon a carve-out process to improve operational efficiency,
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PT Vale’s commitment is starting to be reflected in the results neutral target also require significant support, including the and expand the use of biomass as a reducing fuel in our nickel
of external assessments. Our ESG risk rating was updated by need for technological innovation, the availability of reliable processing facilities. This initiative, which began in 2023, is
Sustainalytics to 29.4 (moderate risk category), the lowest green energy, and significant investment. The Company views targeted to be completed in 2027 as part of our contribution
level in the last three years. Meanwhile, PT Vale’s credit rating these conditions as part of the challenges inherent in the to the national decarbonization target.
based on S&P Global Ratings has increased from ‘BB’ to ‘BB+’. continuous improvement process, which requires adaptive
responses through innovation, process optimization, and We believe that environmental leadership is not only a form
As part of our standard-building efforts, we are currently in strengthening environmental management performance as a of moral responsibility, but also the foundation of long-term
the process of meeting the IRMA 50 (Initiative for Responsible whole. competitiveness. All of these achievements and efforts are
Mining Assurance) standard—a comprehensive sustainability further described in Chapter 09: Elevating Our Commitment
standard in the mining sector. This is a further step in our As part of its response to these challenges, PT Vale continues to the Environment in this report.
commitment to strengthening transparency, stakeholder to develop a more comprehensive approach, including
engagement, and responsible socio-environmental practices. the implementation of Life Cycle Assessment in assessing Social and Safety Commitment
operational impacts from upstream to downstream. On the At PT Vale, we believe that people are at the heart of
Environmental Achievements other hand, the energy transition is also a strategic priority, sustainability. Throughout 2024, we continue to place human
PT Vale continues to strengthen its commitment to protecting with 30.6% of the total energy used in 2024 coming from resource development as the main foundation for inclusive and
and preserving the environment as an integral part of our renewable sources. Furthermore, we reused 1,453 tons of sustainable growth. Of the total 3,038 employees, 82.6% come
operations. For us, compliance with regulations is not the B3 waste and 377,964 tons of slag as construction materials from our operational areas. We also continue to strengthen
end, but rather the starting point to go further. After three and mine road coatings, as part of more responsible waste our commitment to diversity and equality, one of which is
consecutive years of achieving Green PROPER, in 2024 we management efforts. reflected in the increase in the number of female employees to
successfully obtained Gold PROPER from the Ministry of 352, up 1.4% from the previous year, and the increase in female
Environment and Forestry—the highest recognition of our Other significant achievements include meeting water representation in managerial positions to 10.9%.
environmental performance and social contribution. This quality standards at all monitoring points according to
award is clear evidence that consistent sustainable efforts can government-set quality standards, as well as rehabilitating
produce meaningful impacts. 21,055.21 hectares of land by the end of 2024, including land
outside the concession as part of the obligation to obtain a
We realize that the journey towards sustainability is a Forest Area Borrow-to-Use Permit. The area of rehabilitation
long-term process full of challenges. PT Vale’s environmental is equivalent to approximately 3.6 times the total area that
performance in 2024 also faced various dynamics. Several key has been opened for mining activities since the beginning
indicators, such as emission intensity, energy consumption, of operations. The post-mining reclamation approach is
B3 waste volume, and reclamation realization showed trends progressively our strategy to minimize our environmental
that were not fully aligned with internal targets. The charac- footprint over time.
teristics of ore with lower nickel content and high humidity
levels, as well as operational complexity, also influenced these These steps are reinforced by our long-term energy transition
achievements. In addition, efforts to achieve the carbon strategy. We optimize the utilization of hydroelectric power
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Our performance in implementing the Mining Safety In 2024, we took an important step by making public disclosure
Management System (SMKP Minerba) has also improved, with of community complaints regarding alleged rights violations.
a compliance rate of 76.73%, up 4.3% compared to the previous We view this transparency as a concrete form of commitment
year. We have recorded significant progress in preventive to accountability, as well as a reminder for ourselves to
measures, including the implementation of health checks that continue to improve, listen, and act responsibly.
reached 18,402 employees and contractors. Hours of OHS and
emergency response training have also increased drastically— Appreciation and Future Direction
up 47.1% for employees and 55.6% for contractors. All of this We express our sincere appreciation to all stakeholders—
is part of our commitment to creating a safe, healthy, and government, business partners, employees, local communities,
sustainable work environment. and the wider community—who have been part of PT Vale’s
journey. The trust and collaboration that have been built so far
With an increasingly solid internal foundation, we continue have become a solid foundation for us in walking the path of
to strengthen social involvement as part of our corporate sustainability. Not a single achievement in this report was born
responsibility. During 2024, we allocated US$4,000,198 for the from a single effort. All are the result of cooperation, mutual
Community Development and Empowerment Program (PPM) trust, and a shared commitment to creating greater value.
implemented in the Sorowako, Bahodopi, and Pomalaa areas,
focusing on education, health, and infrastructure designed to Amidst the dynamics of the industry that continues to move,
address the real needs of the community. For this commitment, we see a great opportunity to make environmental, social, and
PT Vale received the Subroto Award for the community governance (ESG) aspects a long-term competitive advantage.
empowerment category—a form of recognition that further We are committed to strengthening our contribution to the
motivates us to continue to provide the best contribution to Sustainable Development Goals (SDGs), accelerating the de-
the communities around our operational areas. carbonization agenda, and continuing to affirm our position as
a responsible mining industry player at the global level.
We understand that every strategic project brings its own
social dynamics. Therefore, in the Bahodopi, Pomalaa, Transparency, fairness, and sustainability are not just
Occupational health and safety (OHS) remains a top priority Sorowako Limonite, and Tanamalia areas, we continue to principles that we hold, but the compass that guides our every
and is non-negotiable. Throughout 2024, PT Vale managed to encourage open dialogue and constructive collaboration so step forward.
maintain zero fatalities and recorded the lowest work accident that the resulting solutions are truly rooted in the needs of
rate in the company’s history. In three main project areas— the community. This approach is supported by strengthening
Pomalaa, Bahodopi, and Sorowako Limonite—we recorded the social management system that refers to international
more than 13.3 million working hours without a single fatality standards such as IFC Performance Standard 5 and human
or serious injury. This is the result of discipline, continuous rights principles.
tireless efforts and a safety culture that we continue to instill
and embody in our daily practices. We also recognize that there is always room for improvement.
15 Sustainability Report 2024
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We will welcome 2025 with realistic optimism and
comprehensive readiness. We are aware of the fluctuations
in global nickel prices, but we also see opportunities from the
increasing demand for nickel as the world’s energy transition
accelerates. Through strong commitment and sincere
collaboration, we believe that together we can shape a more
sustainable, fairer, and more inclusive future—not just for
today, but for generations to come.
Thank you for being part of this journey. We continue to move
forward, with a passion to grow, improve, and make a real
positive impact.
Jakarta, April 2025
Best regards,
Febriany Eddy
President Director of PT Vale Indonesia Tbk
Note:
Febriany Eddy has submitted notification of the end of her
term of office with the company, effective as of April 21, 2025.
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Signatures of Directors and Commissioners
We, the undersigned, declare that all information in the 2024 Sustainability Report of PT Vale Indonesia Tbk has
been presented in full, and we are fully responsible for the accuracy of the contents of the report in accordance
with POJK 51/POJK.03/2017. This statement is made truthfully.
Board of Directors
Febriany Eddy Abu Ashar Adriansyah Chaniago
President Director Vice President Director Director
Bernardus Irmanto Rizky Andhika Putra Muhammad Asril
Director Director Director
Luke Mahony
Director
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Board of Commissioners
Muhammad Rachmat Emily Olson Fabio Ferraz
Vice President Commissioner Commissioner
Kaimuddin
President Commissioner
Kristina Gauthier M Jasman Panjaitan Edi Permadi
Commissioner Commissioner Commissioner
Yusuke Niwa Rudiantara Retno L.P. Marsudi
Commissioner Independent Commissioner Independent Commissioner
Note:
The latest structure of the Company’s
Board of Commissioners based on
the resolution of the Company’s
Extraordinary General Meeting of
Marita Alisjahbana Shareholders on January 14, 2025.
Independent Commissioner
18 Sustainability Report 2024
Page 20
About PT Vale Indonesia Tbk
Page 21
PT Vale Indonesia’s Role in Nickel Downstreaming
PT Vale Indonesia Tbk has been operating in Indonesia for over (PLTA) to support plant operations, making us one of the first operational excellence, sustainability, and responsible resource
56 years and has become a pioneer in renewable energy-based nickel companies to implement a sustainable downstream management. This commitment was further reinforced
downstream processing within the national nickel industry. Our concept. Additionally, the Company uses Rotary Kiln-Electric with the issuance of a Special Mining Business License (IUPK)
journey began in the 1920s with nickel exploration, and in 1968 Furnace (RKEF) technology to process nickel ore into nickel extension on May 13, 2024, ensuring the Company’s operations
we officially became PT International Nickel Indonesia (INCO) matte, ensuring that mined resources are upgraded before can continue until December 28, 2035. Furthermore, PT Vale
after signing a Contract of Work (CoW) with the Government of entering the market. is eligible to apply for an additional extension, allowing the
Indonesia. Since then, the Company has remained committed Company to continue operations beyond 2035 and further
to enhancing the added value of Indonesia’s mineral resources As it grew, PT INCO evolved into a leading nickel mining contribute to the development of a sustainable nickel industry
through the operation of an integrated nickel mining facility. company. In 1996, the Company obtained an extension of in Indonesia. This legal certainty supports our forward-look-
its Contract of Work (CoW) through 2025 and increased its ing business growth strategy.
Long before the Indonesian government launched its mineral processing capacity to 68,000 metric tons of nickel matte
downstream policy, the Company had already been operating a per year. In 2011, following a shareholder restructuring, we
processing plant in Sorowako since 1977. We began commercial changed our name from PT INCO to PT Vale Indonesia Tbk.
production in 1978, relying on hydroelectric power plants Today, PT Vale continues to strengthen its commitment to
This IUPK represents the Indonesian Government’s
“
trust in our commitment to sustainable mining
practices. It strengthens our position in maintaining
operational continuity while supporting national
development and environmental preservation.
-
Febriany Eddy
CEO
20 Sustainabilty Report 2024
Page 22
Company Name and Address [GRI 2-1]
Company Name Processing Plant Address
Legal name : PT Vale Indonesia Tbk Main Office Plant Site Sorowako
Other names : PT Vale East Luwu 92984,
South Sulawesi, Indonesia
Head Office Address [POJK51-C.2] Phone : +62 475 332 9100
Sequis Tower, 20th Floor, Unit 6 & 7 Fax : +62 475 332 9575
Jl. Jend. Sudirman Kav. 71,
Jakarta 12190, Indonesia PTVI IGP Pomalaa Address
Phone : +62-21 5249000 JI. Alam Mekongga No. 81 A
Fax : +62-21 5249020 Laloeha Sub-district, Kolaka District
Website : https://vale.com/indonesia Kolaka Regency 93561
Email : ptvicommunications@vale.com Southeast Sulawesi, Indonesia
Representative Office Address PTVI Bahodopi Address
Makassar, South Sulawesi PT Vale Port, Jl. Trans Sulawesi
Jl. Somba Opu, PO Box 1143 Bahomatefe Village, East Bungku Sub-district
Makassar 90001, South Sulawesi, Indonesia Morowali Regency 94973
Phone : +62 411 873731, 873732 Central Sulawesi, Indonesia
Fax : +62 411 856157
3 21 Sustainability Report 2024
Page 23
Business Scale[POJK51-C.3]
3,038 Persons US$ 443.8 Million
Employees of PT Total Liabilities
Vale Indonesia Tbk
71,311 Ton US$ 2.73 Billion
Nickel in Matte Total Equity
Production
US$ 954.1 Million US$ 3.2 Billion
$ Total Revenue Total Assets
US$ 57.8 Million Business scale data for the past three
years is available in the Data Table chapter.
Net Profit for the Year
22 Sustainabilty Report 2024
Page 24
Operational Area [GRI 2-1][POJK51-C.3]
Country of Operation: Republic of Indonesia
the utilization of nickel ore from mining activities in Sorowako. Until now, only saprolite ore has been processed through pyromet-
allurgical methods, while limonite ore was discarded. Through this project, PT Vale can process previously unused limonite ore,
The Company does not operate in any other countries.
supporting the principle of mineral conservation and reinforcing the Company’s commitment to sustainability.
Nickel ore mining and nickel in matte production activities are
carried out in the Sorowako Block, East Luwu Regency, South
Sulawesi. As of 2024, the produced nickel in matte is sold to
Vale Canada Limited (VCL) and Sumitomo Metal Mining Co.,
Ltd (SMM).[GRI 2-6]
PT Vale Indonesia holds a Special Mining Business License
(IUPK) covering a total concession area of 118,017 hectares 118,017 Ha
across three provinces: South Sulawesi (70,566 ha), Central
Sulawesi (22,699 ha), and Southeast Sulawesi (24,752 ha). Of Central
Sulawesi
70,566 ha
this total area, approximately 56,000 hectares are designated
for mining and exploration activities, while the remaining area
serves as supporting zones not used for mining operations.
22,699 ha
22.699 Ha
Southeast
Our main operations are located in the Sorowako Block, Sulawesi
South
South Sulawesi, where the Company mines lateritic nickel and Sulawesi
processes it using pyrometallurgical technology to produce
nickel in matte.
24,752 Ha
In addition to Sorowako, PT Vale is developing three nickel
processing projects using High-Pressure Acid Leach (HPAL)
technology to produce Mixed Hydroxide Precipitate (MHP),
a key material for battery manufacturing. These projects
are located in Bahodopi, Pomalaa, and Sorowako (Sorowako
Limonite Project). The Bahodopi and Pomalaa projects include
the development of new mining sites and processing facilities
to support Indonesia’s nickel downstreaming initiative.
Meanwhile, the Sorowako Limonite Project aims to optimize
23 Sustainabilty Report 2024
Page 25
Shareholders and Legal state ownership. Thus, the Government of Indonesia becomes PT Vale Nickel Matte Business
the beneficial owner through MIND ID’s ownership of the
Form [GRI 2-1] Company.[GRI 14.22.6]
Process and Supply Chain [GRI 2-6]
Legal Status: The partnership between MIND ID and Vale Canada Limited
Public Limited Liability Company. strengthens PT Vale Indonesia Tbk’s position in both the
Listed on the Indonesia Stock Exchange (IDX) domestic and global markets, and affirms our commitment as
since May 16, 1990 a leader in the sustainable nickel mining industry.
Stock Code: INCO
Business Activities
Shareholding Composition as of December 31, 2024
and Process
PT Vale Business Activities [GRI 2-6]
[POJK51-C.4]
There were no changes in PT Vale’s business scope or product
portfolio in 2024 compared to the previous period. 1. Ore mining
2. Screening station
Scope of Activities in the 2024 Fiscal Year: 3. Wet ore stockpile
4. Drying kiln
Nickel ore mining operations, production of nickel in matte, 5. Dried ore stockpile
The ownership structure of PT Vale Indonesia Tbk reflects and sales of nickel in matte. Total nickel in matte production in 6. Reduction kiln
a strategic partnership between global and national 2024 reached 71,311 tons.[SASB EM-MM-000.A] 7. Electric furnace
shareholders. As of December 31, 2024, the major shareholders 8. Converter
consisted of Vale Canada Limited (33.88%), PT Mineral Industri Business Scope Based on the Company’s Articles of 9. Shipping
Indonesia (MIND ID) (34.00%), and Sumitomo Metal Mining Co., Association: 10. Port
Ltd. (11.48%), while the remaining 20.64% was owned by the
public. According to the latest amendment to the Articles of
Association dated June 28, 2024, the Company’s business
The two largest shareholders, MIND ID and Vale Canada Limited activities include mining, wholesale trading, transportation,
(VCL), jointly control the company and play an important role electricity supply, real estate, wastewater management, waste
in determining the long-term strategic direction of PT Vale treatment and recycling, as well as remediation activities. The
Indonesia Tbk. MIND ID, as a state-owned holding company Company’s core activities are nickel ore mining operations,
that oversees a number of large mining companies, represents production of nickel in matte, and the sale of nickel matte.
24 Sustainabilty Report 2024
Page 26
Strengthening the Domestic Supply Chain and TKDN Financial Performance Nickel in Matte Production and Sales Target vs. Actual in 2024
Achievement (tons) [POJK51-F.2]
As part of our transparency commitment, we have restated and Economic Description Target Actual Percentage
the TKDN (Domestic Component Level) data since 2022, in line
with changes in calculation methodology and stricter criteria Contribution[POJK51-B.1] Production 70,805 71,311 100.71%
set by the regulator. This data reflects achievements based on
Financial and Operational Performance Sales 71,797 72,625 101.15%
certified products. According to independent verification by
The year 2024 was a challenging period, particularly
PT Sucofindo, appointed by the Ministry of Energy and Mineral
in terms of the Company’s financial performance. PT
Resources (ESDM), our TKDN achievements are as follows:
Vale Indonesia faced a significant decline in global Nickel in Matte Production and Sales Realization (tons)
nickel prices, which required the Company to adapt
2024* 2023** 2022*** and demonstrate resilience amid market volatility. 2024 2023 2022 %
Description
The average nickel price fell by approximately 30%, 1 2 3 1:2 2:3
TKDN from US$ 21,482 per ton in 2023 to US$ 14,965 per
25.37% 36.04% 55.82%
Achievements ton in 2024. Production 71,311 70,728 60,090 0.8 17.7
Sales 72,625 70,108 60,960 3.6 16.7
This situation directly impacted the Company’s
*2024 data is based on self-assessment using the same methodology; however,
revenue, which stood at US$ 954,107 million in
the verification process is still ongoing. The increase in production and sales reflects the Company’s ability to
2024, a 22.88% decrease compared to US$ 1,268,839
**Restatement of 2023 data: Results after verification. maintain operational stability amid various challenges. Meanwhile, the
million in the previous year. Accordingly, net profit
***Restatement of 2024 data: Results after verification. rise in sales realization demonstrates growing market demand and the
also declined by 78.95%, amounting to US$ 57,761
effectiveness of PT Vale’s operational and distribution strategies.
Our Domestic Component Level (TKDN) achievement in thousand in 2024 compared to 2023.
2024 declined to 25.37%. This decrease was primarily due
In addition to pricing pressures, PT Vale also faced significant challenges
to several factors, including the lack of awareness among Despite significant pressure on financial
stemming from climate change. Increasingly frequent extreme rainfall
some local suppliers about the requirement to obtain TKDN performance, PT Vale successfully maintained
events have resulted in wetter ore, which in turn requires longer drying
certification for the products they supply. Despite this, we operational stability. In 2024, nickel matte
times and higher fuel consumption during processing. This condition has
remain committed to improving TKDN performance through production reached 71,311 tons, a 0.8% increase
led to a decline in overall energy efficiency and added pressure to the
various strategic initiatives that have been implemented and from 70,728 tons in 2023. On the sales side, nickel
Company’s ongoing decarbonization efforts.
will continue to be developed. matte sales in 2024 totaled 72,625 tons, up 3.6%
from 70,108 tons in the previous year. Compared
to the annual targets, PT Vale exceeded both its
production and sales goals. The production target of
70,805 tons was surpassed with a performance rate
of 100.71%, while the sales target of 71,797 tons was
also exceeded, achieving 101.15%. [POJK51-F.2]
25 Sustainabilty Report 2024
Page 27
Moreover, the decreasing nickel content in existing ore Economic Value Generated and Distributed[GRI 201-1]
reserves has affected both productivity and operating costs, As one of the key players in Indonesia’s nickel industry, PT Vale Description 2024 2023 2022
while initiatives to utilize biomass as an alternative energy Indonesia Tbk (PTVI) strives to create added value that goes Economic Value Generated (in thousand US$)
source still face hurdles in terms of economic feasibility. These beyond operational activities. Every aspect of our business
conditions not only impact operational performance, but also is designed to generate positive impacts, both for the local Operating Revenue 950,388 1,232,263 1,179,452
directly and indirectly influence the Company’s profitability economy and for national revenue. Other Income 3,719 36,576 10,691
and its capacity to create long-term economic value. [GRI 201-2]
As a company actively engaged in mineral downstreaming, PTVI Total Revenue 954,107 1,268,839 1,190,143
Despite significant economic pressures in 2024, PT Vale was consistently fulfills its fiscal obligations through the payment Economic Value Distributed (in thousand US$)
still able to record a profit, reflecting the Company’s strong of taxes and royalties. Our presence also supports economic
fundamentals and resilience. One of the key contributing growth in operational areas by creating jobs, developing local Operating Costs 785,160 550,958 772,065
factors was successful cost control. The production cost per supply chains, and enhancing community capacity through Salaries and Employee
ton of nickel matte stood at US$ 9,479 per ton—the lowest various empowerment programs. 95,254 87,436 91,819
Benefits
in the past three years—or decreased by 6.05% compared
to US$ 10,089 per ton in 2023. This achievement reflects the As part of PTVI’s commitment to creating sustainable economic Payments to Capital
0 60,093 0
consistent application of efficiency and cost management value, the Company transparently reports the distribution of Providers
strategies across all operational lines. economic value in accordance with GRI reporting standards, Tax Payments to
which includes economic value generated, economic value 202,242 204,617 178,676
Government
Nickel in Matte Production Cost (in thousand US$ per Ton) distributed, and economic value retained. Economic value
generated refers to the revenue earned from the Company’s Community
3,912 4,291 4,929
business activities. Investments
2024 2023 2022
Total Economic Value
9,479 10,089 11,444 Economic value distributed refers to the expenditures allocated 1,082,656 907,395 1,047,489
Distributed
by the Company as its contribution to driving economic
growth and improving the well-being of stakeholders. These Economic Value Retained (in thousand US$)
include operating costs, employee salaries and benefits, tax (Economic Value Generated – Economic Value Distributed)
The Company does not receive any financial
payments to the government, payments to capital providers, Total Economic Value
assistance from the Government of Indonesia. 73,693 361,444 142,654
and community investment. Meanwhile, economic value Retained
However, in line with the shareholding structure,
retained is the difference between economic value generated
the Government indirectly holds shares in the
and economic value distributed, which is reinvested for the
Company through MIND ID, which has been one of
Company’s business development.
PT Vale’s shareholders since 2020.[GRI 201-4][GRI 415-1]
The breakdown of economic value distribution is presented in
the following table:
26 Sustainabilty Report 2024
Page 28
commitment to fairness and transparency.[GRI 206-1] Tax and Non-Tax State Revenue
(PNBP) Contribution
Sales data in 2024 showed a significant increase. Vale Canada Limited PT Vale complies with applicable tax
recorded purchases of 58,088 tons, a 16.9% increase compared to 2023, regulations in Indonesia by fulfilling
while Sumitomo Metal Mining Co., Ltd. reached a purchase volume of its obligations for tax and Non-Tax
14,537 tons, up 28.8% from the previous year. With these achievements, State Revenue (PNBP) payments to the
PT Vale Indonesia successfully maintained production stability and Government. The Company’s tax and
ensured the smooth distribution of nickel matte, while also meeting PNBP policy, management, and oversight
targets and delivering consistent, professional service to its key fall under the responsibility of the Finance
customers. Department, under the supervision of the
Finance Director. Reports are submitted
Nickel Matte (and Cobalt) Sales Realization by Buyer
monthly and quarterly to both Vale
Canada and Vale Brazil.
2024 2023 2022
Buyer We coordinate with local Tax Service
Ton % Ton % Ton % Offices to ensure full compliance with all
corporate and individual tax obligations.
Vale Canada PT Vale also has a Tax Standard Operating
Sales Distribution by Buyer 58,088 80 49,670 81 53,265 80
Limited (VCL) Procedure (SOP) in place to monitor tax
PT Vale Indonesia is committed to delivering consistent, high-quality
risks and support transparency, including
service to all customers without discrimination. We ensure that every Sumitomo contributions to Indonesia’s Extractive
customer receives products of the highest standard, supported by Metal Mining 14,537 20 11,290 19 13,350 20 Industries Transparency Initiative (EITI)
effective operations and responsible supply chain management.[POJK51-F.17] Co. Ltd reporting.
Under the agreement between PT Vale Indonesia, MIND ID, Vale Canada Total 72,625 100 71,108 100 60,960 100
Limited (VCL), and Sumitomo Metal Mining Co., Ltd. (SMM), our nickel
matte products are marketed in accordance with the terms of this
partnership. If production exceeds the allocated volume, the surplus
will be offered to MIND ID. Conversely, if production remains within the
agreed volume, the output will be divided between VCL and SMM.
This contractual arrangement provides market certainty, which
means that PT Vale does not engage in direct competition with similar
companies. Our nickel sales prices are benchmarked to the London Metal
Exchange (LME), while cobalt pricing follows Fastmarkets as part of our
27 Sustainabilty Report 2024
Page 29
Throughout 2024, no tax violations occurred. This Payments Made by PT Vale to the Central and Regional Components of Taxes and Levies (in US$ Thousand)
report includes tax and PNBP obligations paid Governments (in US$ Thousand)
to the Indonesian Government at both national Description 2024 2023 2022
and local levels. In 2024, our total tax and PNBP Description 2024 2023 2022
payments amounted to US$ 202.24 million, a Value Added Tax 15,030 6,532 1,452
Central Government 168,625 174,051 151,646
decrease from US$ 204.62 million in 2023. [GRI 207-1] [GRI Land and Building Tax 3,204 3,121 2,401
207-2] [GRI 207-3]
South Sulawesi Province 17,091 14,084 14,331
Employee Income Tax 18,706 14,340 12,229
Since PT Vale operates solely in Indonesia, this East Luwu Regency 14,850 15,995 13,031
report covers only tax and PNBP obligations paid Corporate Income Tax 91,430 91,618 79,588
to the Indonesian Government. The 1.16% decrease Southeast Sulawesi
68 18 10
in total tax and PNBP payments from the previous Province Regional Taxes, Levies,
33,616 30,565 27,378
year reflects the impact of broader economic and and Grants
market conditions. [GRI 207-4] Kolaka Regency 14 1 0
Third Party Income Tax
8,209 12,409 5,452
Withholding
Central Sulawesi
21 19 6
Province Duties 4,307 4,603 3,756
Total 174,502 163,189 132,256
Morowali Regency 1,572 449 0
Total 202.242 204,617 179,024
PNBP Components Paid to the Government
(in US$ Thousand)
PT Vale’s Tax and Non-Tax State Revenue (PNBP) Payments PNBP Component 2024 2023 2022
(in US$ Thousand)
Production Royalties 19,449 33,990 35,614
Description 2024 2023 2022
Fixed Contribution on
496 496 496
Tax Payments 174,502 163,189 132,256 CoW Area
Other PNBP 7,794 6,941 10,658
PNBP Payments 27,739 41,427 46,768
Total 27,739 41,427 46,768
Total Tax and PNBP
202,241 204,617 179,024
Payments
28 Sustainabilty Report 2024
Page 30
Significant Corporate Changes [POJK51-C.6]
On February 26, 2024, in Jakarta, PT Mineral Industri Indonesia Board of Directors and the Board of Commissioners. These changes will take effect upon completion of the Acquisition Transaction
(MIND ID), together with Vale Canada Limited (VCL) and (as defined in the April 19, 2024 EGMS) and will remain valid until the AGMS in 2027.
Sumitomo Metal Mining Co., Ltd. (SMM), signed a Share
Purchase Agreement in line with the mandatory divestment
requirement of PT Vale Indonesia Tbk, as stipulated by
Board of Directors
prevailing regulations.
• President Director & Chief Executive Officer : Febriany Eddy
• Vice President Director & Chief Operation and Infrastructure Officer : Abu Ashar
Through this agreement, MIND ID acquired a 34% stake in PT
• Director & Chief Human Capital Officer : Adriansyah Chaniago
Vale, reinforcing a more collaborative governance structure in
• Director & Chief Sustainability and Corporate Affairs Officer : Bernardus Irmanto
which both MIND ID and VCL will jointly participate in strategic
• Independent Director & Chief Financial Officer : Rizky Andhika Putra
decision-making.
• Independent Director & Chief Project Officer : Muhammad Asril
• Independent Director & Chief Strategy and Technical Officer : Luke Mahoney
On March 28, 2024, PT Vale held an Extraordinary General
Meeting of Shareholders (EGMS) in Jakarta, which approved the
Board of Commissioners
resignations of Ms. Deshnee Naidoo as President Commissioner
• President Commissioner : Muhammad Rachmat Kaimuddin
and Mr. Gustavo Garavaglia as Commissioner. The meeting also
• Vice President Commissioner : Emily Olson
approved the appointments of Ms. Emily Olson as President
• Commissioner : Fabio Ferraz
Commissioner and Ms. Olga Kovalik as Commissioner.
• Commissioner : Kristina Gauthier
• Commissioner : M. Jasman Panjaitan
Subsequently, on April 19, 2024, PT Vale held another
• Commissioner : Edi Permadi
EGMS, approving the Company’s plan for Capital Increase
• Commissioner : Yusuke Niwa
through Rights Issue (PMHMETD), by issuing a maximum of
• Independent Commissioner : Rudiantara
603,445,814 new shares with a par value of IDR 25 per share.
• Independent Commissioner : Raden Sukhyar
This was conducted in accordance with OJK Regulation No. 32/
• Independent Commissioner : Marita Alisjahbana
POJK.04/2015 on Capital Increase with Pre-emptive Rights, as
amended by OJK Regulation No. 14/POJK.04/2019. The decision
In addition, during this AGMS, the resignation of Ms. Farrah Carrim as Commissioner was approved,
also included an increase in issued and paid-up capital, along
along with the appointment of Ms. Kristina Litzinger and Ms. Marita Alisjahbana as Independent
with amendments to Article 4 of the Company’s Articles of
Commissioners.
Association, which were approved in the EGMS.
On June 10, 2024, during the Annual General Meeting of
Shareholders (AGMS), shareholders approved changes to the
29 Sustainabilty Report 2024
Page 31
Certifications and Association Memberships [POJK51-C.5][GRI
For more details about our certifications, please visit the Awards and Certifications.
30 Sustainabilty Report 2024
Page 32
Awards and Notable Achievements in 2024
Throughout 2024, PT Vale received several external awards and recognitions, including:
For more details on the awards received by PTVI, please visit Awards and Certifications.
31 Sustainabilty Report 2024
Page 33
Awards and Notable Achievements in 2024
Throughout 2024, PT Vale received several external awards and recognitions, including:
For more details on the awards received by PTVI, please visit Awards and Certifications.
32 Sustainability Report 2024
Page 34
Awards and Notable Achievements in 2024
Throughout 2024, PT Vale received several external awards and recognitions, including:
Indonesia Corporate Sustainability Award (ICSA) 2024 oleh
PT Olahkarsa Inovasi Indonesia bekerja sama dengan
Indonesia Business Council for Sustainable Development
(IBCSD).
Kategori Silver untuk Best Practice in Community
Development
Kategori silver untuk Innovative Human Capital
ManagementAtas komitmen Indonesia Growth Project
(IGP) Morowali dalam menjalankan praktik bisnis yang
bertanggung jawab dan berkelanjutan
For more details on the awards received by PTVI, please visit Awards and Certifications.
33 Sustainability Report 2024
Page 35
Core Value PTVI
[GRI 2-24][POJK51-F.1]
In 2024, we reaffirmed and strengthened
our corporate values as a renewal of our
previous guiding principles to further
support responsible and sustainable
mining practices. These values are
encapsulated in the ‘CARES’ principles,
which serve as the foundation of every
aspect of our operations. We actively
promote these principles to ensure that
all employees and workers internalize
and apply them in their daily activities,
guiding every decision we make—from
core policies to operational strategies—
to generate positive impact for both
communities and the environment.
34 Sustainabilty Report 2024
Page 36
Sustainability Management in Cultivating Long-Term Value
Page 37
Sustainable Approach [GRI 2-22][GRI 2-23]
In facing global challenges such as climate change, energy
transition, and demands for inclusive development, PT Vale PTVI has integrated environmental, social, and governance
Our Sustainability Policy[GRI 2-22]
Indonesia Tbk (PTVI) is committed to being part of the solution. (ESG) principles into the Company’s business strategy. We
Our commitment to sustainability is outlined
Sustainability is not only an obligation, but also an opportunity are committed to creating long-term value that benefits
in our Sustainability Policy, which has been
to create a better future for future generations. This is in line stakeholders, including shareholders, employees, government,
approved by the Board of Directors. This policy
with the company’s purpose: to improve the quality of life and and surrounding communities, while contributing to
addresses several key aspects, including:
be part of the transformation of a better future. environmental conservation.
• Environmental Protection
• Decent working conditions, diversity, and
workplace freedom
• Health, occupational safety, and respect for
human rights in business operations and the
value chain
• Care for local community development and
customer protection
• Responsible procurement and business
ethics
• Gender equality in leadership and board
independence
• Sustainable management, transparency,
and risk governance
Access PT Vale Indonesia’s Sustainability Policy
via the following link:
https://vale.com/in/indonesia/tata-kelola-esg
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PTVI’s Three Sustainability Pillars management of natural resources.
In carrying out operational activities, PT Vale prioritizes the
principle of sustainability which not only includes efficiency Sustainability Regulations and Standards
and innovation in the mining business but also has a positive PT Vale Indonesia Tbk (PTVI) is committed to integrating
impact on the environment and society through three pillars: globally recognized sustainability standards in its operations,
in line with its role as a global citizen, particularly within the
Pilar 1: Sustainable Operator mining sector. We refer to a range of international standards,
As a responsible operator, PTVI strives to manage the entire including:
cycle of mining and processing activities from planning, • ICMM Principles
implementation, operation, to post-mining with the • ISO 14001:2015 (Environmental Management)
principle of sustainability. We apply international standards • ISO 45001:2018 (Occupational Health and Safety)
in occupational safety, resource efficiency, social and • ISO 50001 (Energy Management)
environmental impact management. In addition, PTVI is also • ISO 26000 (Social Responsibility)
committed to biodiversity conservation and ensuring that • SASB Metals & Mining Standards
our operational activities are in line with sustainable mining • Sustainable Development Goals (SDGs)
practices. • Global Reporting Initiative (GRI)
• OECD Due Diligence Guidance
Pilar 2: Local Development Catalyst • Initiative for Responsible Mining Assurance (IRMA)
PTVI plays a catalytic role in regional development by fostering • International Financial Reporting Standards (IFRS)
close collaboration with government, communities, local • IFC Sustainability Framework
suppliers, and other business sectors. Through economic and • Other relevant standards
social empowerment programs, we strive to create long-term
value for surrounding communities to encourage the creation PTVI also ensures compliance with applicable national sustain-
of independent and empowered communities. We believe ability-related regulations, including:
that sustainability depends not only on mining and processing • Law No. 40 of 2007 on Limited Liability Companies
activities, but also on the development of alternative • Ministry of Energy and Mineral Resources Decree No.
economies that allow communities to thrive even after the 1827/K/30/MEM/2018 on Good Mining Practice Guidelines
mine’s operational period ends. • OJK Regulation No. 51/POJK.03/2017 on Sustainable
Finance for Financial Services Institutions, Issuers, and
Pilar 3: Global Sustainability Agent Public Companies
As part of the global ecosystem, PTVI contributes to national • Other relevant national regulations
and international discussions and collective actions on Through alignment with these standards and regulations, PTVI
sustainability. We actively adopt industry best practices, aims to ensure responsible operations and deliver long-term
implement global ESG standards, and collaborate with various value to society and the environment.
stakeholders to promote innovation in the responsible
37
Page 39
Stakeholder Engagement [POJK E.4][2-29]
As a company operating in a dynamic society and environment, level of urgency of the issues they raise, and the legitimacy
PTVI realizes that business sustainability depends on the of the demands submitted. On the other hand, PTVI also
active involvement of stakeholders. This involvement is not assesses how the company affects stakeholders, including
only part of social responsibility, but also a strategy to create geographic proximity, level of vulnerability, and the resulting
shared value. Therefore, it is an important part of PTVI’s social, economic, and environmental impacts. Based on the
business policies and activities in order to obtain a social results of this mapping, we also develop relevant and optimal
license to operate in addition to official permits from relevant engagement methods and plans with each stakeholder to
authorities. create harmonious relationships and provide benefits for all
parties.
In realizing its role as a local development catalyst, PTVI is
committed to building collaboration with local governments, This approach is in line with international standards such as
communities, suppliers, and other business actors. the 10th Principle of ICMM, ISO 26000 on Social Responsibility,
This collaboration aims to support socio-economic and AA1000 Stakeholder Engagement Standard, and GRI, IFC,
environmental development in PTVI’s operational areas and SASB guidelines. With this foundation, PTVI seeks to
throughout the mineral cycle and to form cross-sector build transparent, strategic, and sustainable stakeholder
partnerships to create long-term positive impacts. engagement.
PTVI conducts careful stakeholder mapping across all
operational areas to ensure inclusive involvement that covers
all levels of society. This process considers various factors,
such as the influence of stakeholders on the company, the
38
Page 40
Company Response to Material
Stakeholder Type Stakeholders Engagement with Stakeholders Related Material Topics Engagement Frequency
Topics
Internal Workforce • Employees The workforce is a key stakeholder • Occupational Health and • Development of the • Periodic performance
• Company Leadership driving the company’s success Safety Company’s Long-Term Plan reports: quarterly,
• Contractors through improved economic • Human Resource (RJPP). semi-annually, annually.
performance, safety, and Development • Production and sales • Regular evaluations as
environmental management. • Industrial Relations and efficiency and optimization. needed.
Their active participation Labor Rights • Implementation of health • Negotiation and
supports production optimization, protocols. Preparation of Collective
system implementation, and the • Implementation of Vale Labor Agreement (PKB)
achievement of long-term goals. Production System every 2 years.
(VPS), Contractor Safety
Management System
(CSMS), as well as HSE and
environmental management
certifications.
• Implementation of Promote
National Interest (PNI) and
Local Business Initiative (LBI).
• PKB guarantees freedom of
association and strengthens
communication and
deliberation with labor
unions.
• Establishment of the
Bipartite Cooperation
Institution In accordance with
applicable regulations as a
forum for communication
and consultation with
labor unions to strengthen
industrial relations and
improve worker welfare.
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Company Response to Material
Stakeholder Type Stakeholders Engagement with Stakeholders Related Material Topics Engagement Frequency
Topics
Local Communities and • Communities Strong relationships with • Resettlement • Recruitment processes by PT • Employee recruitment is
Leaders • Formal Leaders communities and local leaders • Community Human Vale and through contractors. conducted as needed.
• Informal Leaders ensure PTVI can address their Rights • Inter-Village Cooperation • BKAD Forum meetings
• Community concerns, gain support, and • Community Engagement Forum (BKAD) for discussion, are held at the beginning,
Organizations contribute positively to the local and Relations development, and evaluation middle, and end of the
• Non-Governmental environment and economy. • Economic Impact of Community Development year, and as needed.
Organizations (NGOs and Empowerment Programs • Routine dialogue and
(PPM). consultations are
• Formation of a committee conducted regularly on
at the village level to ensure a monthly basis or as
the implementation of the needed in response to
Community Development arising issues with relevant
and Empowerment Program stakeholders
(PPM) is effective and in
accordance with local needs.
• Provision of complaint
and complaint resolution
mechanisms
• Training and Capacity
Development: Support
for micro-enterprises and
improving community skills
through entrepreneur-
ship training programs and
expertise certification.
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Company Response to Material
Stakeholder Type Stakeholders Engagement with Stakeholders Related Material Topics Engagement Frequency
Topics
Government • Central and Local Engagement with central and local • Environmental • Fulfillment of tax and • Communication and
Governments governments ensures regulatory Management non-tax state revenue (PNBP) discussion of IUP/IUPK
• Military and Police compliance, supports policy • Good Corporate obligations. with relevant authorities
advocacy, and facilitates permits Governance (GCG) • Coordination and security as needed.
and approvals. Positive interactions cooperation with the military • Payment of taxes and
with security forces also help ensure and police. PNBP according to
legal compliance and operational • Performance reporting the time set by the
stability. submitted to the relevant Government.
government agencies covers • Periodically, PT Vale
the following areas: coordinates with the
• Financial: Submission of tax South Sulawesi Regional
payment reports, Non-Tax Police, Southeast Sulawesi
State Revenue (PNBP), and Regional Police, and the
annual financial statements. XIV Hasanuddin Military
• Environment: Reports on Command, regarding
water quality monitoring, security cooperation.
emissions, hazardous • Quarterly, semester and
waste (B3) management, annual performance
land rehabilitation, reporting
and compliance with • Periodically, PT Vale
environmental impact coordinates with the
assessments (AMDAL) Governor (South Sulawesi,
and other environmental Central Sulawesi and
regulations. Southeast Sulawesi),
• Social: Documentation of CSR and the Regent (East
program implementation, Luwu, Morowali, Koalaa)
community development regarding social issues and
initiatives, and local company operations and
workforce management. investments.
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Company Response to Material
Stakeholder Type Stakeholders Engagement with Stakeholders Related Material Topics Engagement Frequency
Topics
• Governance: Reports on
regulatory compliance, the
implementation of Good
Corporate Governance (GCG),
and findings from both
internal and external audits.
Public Sector • Engagement Collaboration with the public • Environmental • Partnerships in strategic • Quarterly, Semester and
with relevant sector enables PTVI to align Management projects Annual Performance
State-Owned socio-economic policies and • Economic Impact • Participation in public policy Reporting
Enterprises (SOEs) participate in initiatives relevant to discussions
• Collaboration with company operations. • Cross-sector collaboration on
public sector partner sustainability initiative
organizations
Business Relationships • Investors Investors, suppliers, and partners • Cybersecurity and Data • Preparation of the Company’s • Quarterly, Semester and
• Suppliers and play a role in supporting funding, Privacy Long-Term Plan (RJPP). Annual Performance
Partners ensuring a stable supply chain, and • Responsible Production • Periodic reporting on Reporting
building strategic partnerships to • Good Corporate company performance,
enhance operational efficiency and Governance (GCG) such as Annual Report and
company growth. Sustainability Report
• Transparency and public
access to disclosed
information
• Regular discussions and
meetings
• Distribution of guidelines or
policies to supplier
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Company Response to Material
Stakeholder Type Stakeholders Engagement with Stakeholders Related Material Topics Engagement Frequency
Topics
Customers Customers Engaging customers helps • Responsible Production • Preparation of the Company’s • At least once a month.
understand their needs, improve • Cybersecurity and Data Long-Term Plan (RJPP).
product and service quality, and Privacy • Discussions and meetings
strengthen customer satisfaction. with customers
Media and Academia • Media Interaction with media and • Environmental • Publication and dissemination • Conducted as needed.
• Academia academia supports transparency, Management of public information through
• NGOs shapes positive public perception, • Good Corporate press conferences, news
• Other Entities and provides research-based Governance (GCG) releases, and public expos.
insights for better decision-making. • Collaboration on research
and fulfillment of social and
environmental responsibili-
ties (TJSL).
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ESG Risk and Opportunity
3. Mitigation and Recommendations
In response to the evolving business landscape and increasing Stages of ESG Risk and Opportunity Assessment
Based on the assessment results, PTVI has formulated a
complexity of environmental, social, and governance 1. Compilation and Identification of ESG risks and
mitigation plan to minimize risks and maximizing the utilization
(ESG) issues, PT Vale Indonesia Tbk (PTVI) is committed to Opportuniities
of opportunities through strategic recommendations.
proactively managing risks and opportunities arising from At this stage, PTVI collects and analyzes risk-related data
these aspects. Using a data-driven approach and in-depth across its three main operational areas: Sorowako, Bahodopi,
Results of ESG Risk and Opportunity Assessment
analysis, PTVI regularly updates its ESG risk assessments to and Pomalaa. In addition to compiling existing risks, PTVI also
Based on a comprehensive assessment of ESG risks and
identify potential challenges that may affect its operations identifies new risks and opportunities based on trend analysis,
opportunities using ISO 31000, IFRS S1 and S2 standards, and
and business strategy. expert opinions, and relevant ESG and sustainability-relate
group discussions with company management, three focus
developments. The outcome is a more comprehensive and
areas in ESG, namely:
In 2024, PTVI continued this effort by conducting a more up-to-date list of ESG risks and opportunities covering the
comprehensive assessment of ESG risks and opportunities. company’s entire operations.
1. Engagement, Participation, and Interaction with the
This assessment builds upon the one conducted in 2022, with
Community
an expanded scope and reference to the latest internal and 2. Assesment of Risks and Opportunities
Engagement, participation, and interaction with the
external information sources. To determine the most significant ESG risks and opportunities,
community are strategic priorities that we address earnestly
PTVI assesses each item based on likelihood, financial
and consistently. We believe that every operational activity
This ESG risk and opportunity assessment also forms part consequences, risk appetite, risk prioritization, and potential
of the company should create real added value for our key
of PTVI’s double materiality analysis, helping determine the impact on short-, medium-, and long-term financial
stakeholders. Therefore, PT Vale Indonesia is committed—
extent to which ESG factors influence the company’s financial performance. This process enables the company to identify
through social investment initiatives—as a proactive effort
materiality. the most critical issues that could significantly affect its
to open new opportunities for surrounding communities,
business.
prepare them to be actively integrated into the company’s
business value chain, and drive significant positive impacts on
the environment to improve their quality of life and support
sustainable post-mining conditions.
We acknowledge the possibility of information imbalances in
our relationships with stakeholders, which is why we always
prioritize open dialogue and active engagement with relevant
parties. Throughout these activities, we prioritize human
rights to uphold human dignity and ensure social sustainability.
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2. Emission and Energy Management Beyond risk, this assessment also identifies strategic
The possibility that PTVI’s emissions and energy consumption opportunities that can be leveraged:
do not align with regulatory requirements or stakeholder
expectations can lead to higher operational costs, legal risks, 1. Partnership related to Biodiversity
and reduced competitiveness. Emissions from mining and PT Vale Indonesia has established strategic partnerships with
processing operations contribute to climate change and poor various universities, research institutions, and non-govern-
air quality. Effective management of these issues requires mental organizations (NGO’s) to support programs focused
investment in renewable energy, improved operational on protecting endemic species and rehabilitating natural
efficiency, and the adoption of low-carbon technologies. habitats. The scientific approach we apply aims not only to
enhance the effectiveness of conservation efforts but also
PTVI views carbon emissions not only as a challenge but to strengthen the company’s credibility among stakeholders,
also as a business opportunity. Reducing emissions often including regulators and local communities.
aligns with improving energy efficiency, which in turn lowers
production costs. The Company’s commitment drives the de- 2. Sustainable Management and ESG Performance
carbonization agenda while also opening opportunities for Emphasizing sustainable management and strong ESG
sustainable business partnerships. This vision is reflected in performance can contribute as a competitive differentiator.
the construction of new HPAL processing facilities with our By integrating ESG principles into its operations and business
partners in Pomalaa, Bahodopi, and Sorowako, designed to strategy, PTVI can attract responsible investors, strengthen
minimize energy use and carbon output. Notably, one HPAL customer relationships, and foster stakeholder trust.
plant in Central Sulawesi is planned to operate as a net-zero
facility from day one. 3. Emission dan Pollution Control
Investing in emission and pollution control technologies
3. Corporate Governance not only meets regulatory requirements but also creates
This aspect carries risks related to regulatory compliance, opportunities to improve operational efficiency and reduce
transparency gaps, and stakeholder trust. Poor governance long-term costs.
could damage PTVI’s reputation and business sustainability.
To mitigate these risks, PTVI continues to strengthen its The assessment results were discussed with the Board of
governance system by instilling the principles of transparency, Directors to obtain strategic direction and ensure alignment
accountability, and integrity throughout all business with corporate goals. Additionally, these findings were used
processes. Initiatives such as the implementation of anti- as key inputs in the material topic determination process,
corruption policies, empowering the role of the Board of integrated with impact materiality, and included in the
Commissioners, and forming a Sustainability Committee. PTVI materiality matrix.
is also enhancing its whistleblowing system to ensure inclusive
and accessible reporting for stakeholders.
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Implementation of Double Materiality for Effective Impact Management
and Strategic Planning [GRI 3-1]
At PT Vale Indonesia, we understand that sustainability is not Double Materiality Process
just about how our business impacts the environment and
communities, but also how external factors—like regulations,
climate change, and market dynamics—can affect the
resilience of our business.That’s why, in this reporting year, we
adopted a double materiality approach. This means we look at
sustainability from two key perspectives; Impact Materiality
and Financial Materiality.
This approach is essential for PT Vale Indonesia to meet
stakeholder expectations and comply with global regulations
that demand greater transparency in managing sustainability
impacts and financial risks.
By considering both perspectives, we can make better
strategic decisions—ones that not only help manage risks and
ensure compliance but also create long-term value for both
the company and society.
PT Vale Indonesia began the ESG topic identification process engaging internal and external stakeholders through surveys
by compiling a list of relevant topics based on global standards to ensure relevance and shared expectations.
such as GRI, SASB, ICMM, MSCI, and Sustainalytics, as well as
benchmarking against industry best practices. As part of the double materiality approach, we also evaluate
the risks and opportunities related with ESG factors in
This process also took into account the current business relation to the company’s financial performance. The results
context through internal discussions with management. Each of this impact and financial assessment are integrated into a
topic is then analyzed to understand both the actual and materiality matrix to determine key priorities.
potential impacts on society and the environment, while also
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Through this double materiality process, we have identified 6. Occupational Health and Safety
18 material topics that are critical to PT Vale Indonesia’s 7. Industrial Relations and Labor Rights
operations. These findings will serve as foundation for 8. Community Engagement and Relations
formulating policies, establishing sustainability targets, and 9. Human Rights in the Community
designing strategic programs that align with PTVI’s long-term
vision.
PT Vale thematically groups 18 sustainability topics into 9
material topics, namely:
1. Good Corporate Governance (GCG)
2. Water and Effluent Management
3. Waste Management (hazardous and Non-hazardous)
4. Emission and Energy Management
5. Biodiversity and Land Use
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Management of Material Topics[3-2]
Environmental
Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Biodiversity and Land Closure and Rehabilitation. Risks related with this topic: Operational Area: Management of this
Land Use Mine closure can have significant impacts on the • Economic and social setback in areas surrounding the mine Sorowako material topic can be found
environment and surrounding communities. PT following closure due to a lack of alternative economic in the Water and Effluent
Vale Indonesia (PTVI) implements progressive resources. Management section on page
reclamation to restore ecosystems in post-mining • Low-quality rehabilitation leading to diminished 106-112
areas and support the socio-economic environmental ecosystem quality.
sustainability of communities, thus fostering
the development of self-reliant and empowered Opportunities related to this topic:
communities after mining activities. Effective land closure and rehabilitation enhance the company’s
reputation, ensure compliance with regulations, and manage
environmental risks. This also creates opportunities for the
repurposing of former mining land, supports sustainability, and
builds trust among stakeholders, including the government,
regarding future mining potential.
Biodiversity Risks related with this topic: Operational Area: Management of this material
Mining and processing operations risk disrupting Habitat loss and environmental degradation due to land clearing, Sorowako topic can be found in the
local habitats and species. PTVI is committed leading to tensions with NGOs regarding ecosystem impacts. Post-Mining Management
to protecting and restoring biodiversity in its and Biodiversity Protection
operational areas. Opportunities related to this topic: on page 106-112.
Enhancing environmental value and the company’s reputation
through habitat protection and restoration efforts, as well
as conservation collaborations to develop public trust and
stakeholder support.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Water and Water and Effluent Management Risks related with this topic: • Headquarters Management of this
Effluent Water usage in mining and processing operations Reduced water quantity and quality due to operations and • Operational material topic can be found
Management can affect supply for communities and effluent production, potentially contaminating shared water Areas: in the Water and Effluent
ecosystems. PTVI implements water efficiency and sources with surrounding communities. Sorowako, Management section on page
effluent management to prevent negative impacts Bahodopi, 98-100.
on water resources. Discharge water from mines/ Opportunities related to this topic: Pomalaa
effluents has the potential to pollute natural Optimal water and effluent management in the mining sector
water bodies, especially due to high turbidity promotes operational efficiency, ensures compliance with
levels and chromium content, which may pose regulations, and strengthens the company’s reputation among
health risks to the surrounding community. stakeholders. Furthermore, this approach strengthens resilience
to the impacts of climate change and creates opportunities
for sustainable water use, including supporting the needs of
surrounding communities.
Waste Waste Management (Hazardous and non- Risks related with this topic: • Headquarters Management of this material
Management Hazardous) Improper waste management can lead to water, soil, and air • Operational topic can be found in the
(Hazardous and Waste produced from mining and nickel ore pollution, potentially causing health issues for surrounding Areas: Waste Management section
non-Hazardous) processing activities, whether hazardous (B3) communities. Non-compliance with environmental regulations Sorowako, on page 101-104.
or non-hazardous, has the potential to pollute may result in legal sanctions, fines, or operational suspension. Bahodopi,
the environment and pose health risks to Pomalaa
communities if not managed properly. Therefore, Opportunities related to this topic:
waste management becomes a material aspect Effective management of hazardous (B3) and non-hazardous
for PTVI, ensuring regulatory compliance and waste opens opportunities for mining companies to contribute
reducing environmental impacts through the to the circular economy by recycling and utilizing waste as
implementation of technologies that support alternative raw materials. Waste can be processed or reused
effective waste minimization and treatment. to produce value-added products that not only reduce
environmental impact but also provide economic benefits. This
practice also strengthens ESG performance and creates social
value through collaboration with the community.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Residue Management Risks related with this topic: • Operational Management of this material
Looking forward, there is potential for indirect Environmental contamination (water, soil, air) due to leaks or Areas: topic can be found in the
impacts from PTWI’S business involved in MHP failures in tailings management systems, leading to long-term Bahodopi, Waste Management section
production, which is part of the downstream impacts on ecosystems and community health. Pomalaa on page 101-104.
strategy to support the battery industry’s growth.
To address this, leftover mineral processing sludge Opportunities related with this topic:
from partners like Alkan is managed together to Sustainable tailings management presents significant
ensure it meets environmental standards in line opportunities for mining companies to contribute to the circular
with GISTM commitments. economy by utilizing waste as alternative raw materials, such as
construction materials or additional metal sources. This approach
not only reduces environmental impact but also improve
operational efficiency and boost the company’s reputation among
stakeholders.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Emissions Emissions and Energy Management Risks related with this topic: • Headquarters Management of this
and Energy Although PTVI has utilized electricity from three Failure to meet Vale’s 2050 Net Zero Emissions roadmap targets. • Operational material topic can be found
Management hydroelectric power plants, mining and nickel Pressure from buyers, partners, and other stakeholders regarding Areas: in the Emission and Energy
processing activities in Sorowako still produce carbon emissions from the produced nickel Sorowako, Management section on page
carbon emissions. PTVI continues to improve Bahodopi, 92-97.
energy efficiency and reduce emissions to Opportunities related to this topic: Pomalaa
minimize environmental impact, comply with Effective emission and energy management presents
regulations, and support the transition to more opportunities for mining companies to reduce operational costs
sustainable operations. through energy efficiency and a transition to renewable energy
sources. These practices also support regulatory compliance,
elevate company’s reputation, and enable access to green
financing. In addition, technological innovation in energy and
emission management can create added value and reduce
environmental impact.
Climate Adaptation and Resilience Risks related with this topic: • Headquarters Management of this material
Climate change can affect mining and processing Operational disruptions due to climate change or extreme • Operational topic can be found in the
operations, while the industryindustry also has weather events such as floods, droughts, or storms. Areas: Climate Adaptation and
a responsibility to mitigate emissions. One of Sorowako, Resilience section on page
the factors that may significantly impact PTVI’s Opportunities related with this topic: Bahodopi, 89-91
business continuity is rainfall. PTVI relies on Mining companies have the potential to generate revenue Pomalaa
water from Lake Matano and Lake Towuti to through the sale of carbon credits by implementing emission
support the operations of its hydroelectric power mitigation measures and adopting environmentally friendly
plants. During prolonged dry seasons, electricity technologies, which enhance efficiency and reputation.
production capacity decreases, ultimately
affecting PTVI’s production levels.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
To maintain long-term operational sustainability, Collaboration with local communities and stakeholders, as well as
PTVI implements adaptation strategies and the utilization of local knowledge in climate change,adaptation
continuously monitors environmental conditions and mitigation can support sustainability and demonstrate
around its operational areas that may influence the company’s commitment to social and environmental
the company’s activities, both directly or responsibility
indirectly.
-Environmental Environmental Management System Risks related with this topic: • Headquarters Management of this
Management Without robust environmental management, Inconsistent application of ISO 14001:2015 standards across PTVI • Operational material topic can be found
System operations risk non-compliance with regulations operations outside Sorowako, potentially leading to regulatory Areas: in the Management of
and sustainability. PTVI implements ISO non-compliance and reputational damage. Sorowako, Environmental Material Issues
-Waste 14001:2015 standards and ICMM principles Bahodopi, section on page 83.
Management to ensure responsible mining and processing Opportunities related with this topic: Pomalaa
(Hazardous and practices. An effective environmental management system helps
Non-hazardous) mining companies improve operational efficiency, comply
with regulations, and strengthen the company’s reputation
-Emissions while promoting sustainable innovation. Furthermore, an
and Energy environmental management system enables more proactive
Management management of environmental risks and supports long-term
sustainability
- Biodiversity and
Land Use
Responsible Production RIsks related to this topic: Operational PTVI approaches of this
PTVI is committed to conducting responsible Inefficient operations may lead to resource wastage without Areas Sorowako, material topic can be found
by extracting mineral efficiently, maximizing delivering optimal benefits. Bahodopi, Pomalaa in the Efficiency and Mineral
the utilization of extracted material to achieve Increased environmental and social impacts resulting from Conservation in Nickel
optimal value, minimizing environmental and suboptimal mineral utilization, including excessive waste, Processing Issues section on
social impacts and adhering to sustainability pollution, deforestation, and potential conflicts with local page 84.
standards communities.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Opportunities related to this topic:
A responsible production approach encourages green innovation,
builds a good reputation,, and enhances the competitiveness
of mining companies in a market that increasingly demands
sustainable and transparent practices
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Social
Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Human Rights of Resettlement Risks related to this topic: • Headquarters Management of this material
the Community Operational activities may affect surrounding Community displacement may lead to dissatisfaction or conflict, • Operational topic can be found in the
communities, particularly regarding land access driven by the disruption of cultural and social dynamics, as well as Areas: Relocation of Land Rights and
for operational activities. Addressing land issues, resistance to land access for exploration and mining. Sorowako, Resources section on page
including relocation and recognition of social Bahodopi, 141.
rights, poses significant challenges for companies. Opportunities related to this topic: Pomalaa
PTVI aims to carry out land acquisition and A fair and transparent resettlement process offers an
resettlement in a fair and equitable manner, opportunity for mining companies to build strong relationships
adhering to internationally accepted standards with communities and stakeholders, strengthen the company’s
and ensuring a transparent grievance mechanism reputation, and ensure smooth operations by minimizing
is in place. potential conflicts.
Human Rights of the Community: Risks related to this topic: • Operational The management strategy
Mining and processing activities may impact Disagreements over the use of natural resources may cause dis- Areas: for this material topic can be
fundamental human rights, such as access to satisfaction among local populations, allegations of human rights Sorowako, found in section Respect for
clean water and the right to express opinions. violations, unlawful occupation, and financial risks related with Bahodopi, Human Rights, page 138.
PTVI is committed to upholding the rights of the land acquisition and compensation. Pomalaa
community and has established an accessible
grievance mechanism for all stakeholders. Opportunities related to this topic:
Protecting the human rights of communities surrounding
mining operations enables the company to build a positive
reputation, comply with international regulations, and manage
social risks. This approach also promotes collaboration with local
communities, strengthens ESG performance, and facilitates
access to sustainable financing, thereby supporting the
company’s long-term sustainability.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Community Community Relations Risks related to this topic: • Operational The management strategy
Engagement and Good relationships with local communities is key Land disputes, community demands related to employment Areas: for this material topic can be
Relations to operational sustainability. PTVI promotes open and CSR-PPM programs, as well as allegations of human rights Sorowako, found in section Community
dialogue and supports local well-being through violations. In addition, social tensions arising from the presence of Bahodopi, Engagement/Relations, page
targeted social programs. foreign workers, unlawful occupation, or operational disruptions Pomalaa 143.
may lead to instability and harm relations with local communities.
Opportunities related to this topic:
Building stronger and mutually beneficial relationships with the
local community through open communication and relevant CSR
programs.
Economic Impact Risks related with this topic: • Operational The management strategy
Operational activities in mining and processing Meeting local worker demands, limited workforce diversity, and Areas: for this material topic can
contribute to the local economy; however, they pressure from major customers regarding nickel supply may pose Sorowako, be found in section Financial
may also present sustainability challenges in the occupational safety risks due to inadequate operational capacity. Bahodopi, Performance and Economic
post-operational phase. PTVI is determined to Pomalaa Contribution page 25.
supporting long-term economic development Opportunities related to this topic:
aimed at encouraging stable socio-economic self- Mining companies can drive local economy through job creation,
sufficiency in the post-mining period period. infrastructure development, and the utilization of post-mining
land for agroforestry or local enterprises. Additionally,
the growth of the electric vehicle market, investments in
renewable energy, and research into nickel supply chains
present opportunities for downstream processing and value
enhancement within operational regions.
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Occupational Occupational Health and Safety Risks related with this topic: • Headquarters The management strategy
Health and Safety Worker and community safety is a top priority. Workplace accidents, occupational illnesses, or safety incidents • Operational for this material topic can be
PTVI enforces strict HSE standards to prevent that endanger workers, surrounding communities, and disrupt Areas : found in section Commitment
workplace accidents and illnesses operations. Failure to enforce strict HSE standards may result Sorowako, to Employee Health and
in serious injuries, legal claims, financial losses, and reputational Bahodopi, Safety page 127.
damage. Pomalaa
Opportunities related with this topic:
Implementing strict and innovative HSE standards can create a
safe and healthy work environment, improve productivity, and
ensure compliance with regulations is essential. Moreover, strong
occupational health and safety (OHS) practices improve employee
satisfaction and loyalty, while also strengthening the company’s
reputation among stakeholders
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Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Industrial Human Resource Development Risks related to this topic: • Headquarters The management strategy
Relations and The mining and processing industry requires a A shortage of competent and qualified workers, especially in • Operational for this material topic can be
Labor Rights competent workforce to maintain operational facing the increasingly complex challenges of the mining industry. Areas: found in section on Employee
continuity and enhance competitiveness. PTVI A lack of investment in developing human capital can lead to low Sorowako, Training and Development
continues to invest in developing its people to productivity, skill gaps, and an inability to adapt to technological Bahodopi, page 122.
improve productivity, skills, and competitiveness. and regulatory changes. Pomalaa
Opportunities related to this topic:
• Training in technical skills, leadership, and sustainability
awareness can improve productivity and innovation.
• As the first mining company with a Professional Certification
Institution (LSP), PTVI serves as a “School of Nickel,”
producing top talent for the industry, strengthening
workforce competitiveness, and elevating the company’s
reputation.
Industrial Relations and Labor Rights Risks related to this topic: • Headquarters The management strategy
a healthy industrial relationship supports business Tensions in industrial relations, such as conflicts with labour • Operational for this material topic can be
continuity while improving labour’s welfare. PTVI unions, wage increase demands, or dissatisfaction regarding Areas: found in section Protection
is committed to implementing fair labor practices, working conditions. Sorowako, and Fulfillment of Workers’
respecting labor rights, and ensuring freedom Bahodopi, Rights page 117.
of association. PTVI also promote positive Opportunities related to this topic: Pomalaa
relationships with workers through transparent Protecting labour rights fairly builds employee loyalty, boosts
social dialogue, effective dispute resolution company reputation, drives higher productivity, and creates a
mechanisms, and the involvement of labor safe environment for all stakeholders.
unions in discussions and the formulation of the
Collective Labor Agreement (PKB).
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Governonce
Management of Material
Material Topic Related Sustainability Topic Risks and Opportunities Related to the Topic Scope
topic
Good Corporate Good Corporate Governance (GCG) Risks related with this topic: • Headquarters The PTVI approach to
Governance (GCG) • Operational managing this material topic
Strong governance ensures transparency, Weak governance practices may lead to corruption scandals, Areas: is further explained in the
accountability, and legal compliance. PTVI applies abuse of authority, or ethical violations, damaging the company’s Sorowako, section Leading Through
GCG principles to maintain business integrity. reputation and disrupting operations.: Bahodopi, Ethical Governance on page
Pomalaa 66.
Opportunities related with this topic:
Good governance can strengthen investor, regulator, and
community trust, opening opportunities for better funding and
strategic partnerships.
Cybersecurity and Data Privacy Risks related with this topic: • Headquarters The PTVI approach to
Data protection is increasingly critical in business • Operational managing this material topic
operations. PTVI strengthens cybersecurity to Cyberattacks, data breaches, or privacy violations may result Areas: is further explained in the
prevent data breaches and maintain stakeholder in financial losses, operational disruptions, and reputational Sorowako, section Data and Digital
trust. damage. Failure to protect sensitive company, employee, or Bahodopi, Information Security on page
partner data may lead to legal claims, regulatory sanctions, and Pomalaa 81.
loss of stakeholder trust.
Opportunities related with this topic:
Implementing the latest security technologies and cybersecurity
awareness training for employees can reduce risks and enhance
operational resilience.
58
Page 60
ESG Roadmaps
In 2024, we are committed to achieving Excellence in our ESG and to ensure alignment with both short-term and long-term our ESG programs and support sustainable growth. In the
initiatives through a more comprehensive and integrated goals. This ensures that every initiative we undertake coming year, we plan to update and enhance our ESG roadmap
approach. We regularly evaluate the impact of our ESG-related contributes meaningfully to our sustainability objectives while to ensure that our strategy remains aligned with current
programs. The in-depth and detailed evaluation results can be keeping our strategy relevant and effective. developments and continues to deliver a lasting positive
found in the relevant chapters of this report. impact.
Further details on our progress and commitments are provided
We carefully review performance measurements, including in the corresponding chapters. We continue to innovate by
KPIs, metrics, and targets, to identify areas for improvement developing and implementing improvements that strengthen
59 Sustainability Report 2024
Page 61
Sustainability Governance [POJK51-E.1]
Strong sustainability governance ensures compliance,
transparency, and effective ESG risk management. With
a structured system in place, the company can integrate
sustainability principles into its business strategy, support
long-term decision-making, and create value for both society
and the environment.
The sustainability governance structure at PT Vale Indonesia
Tbk includes the Board of Commissioners, the Board of
Directors, the Sustainability Committee, the Sustainability
Department, and ESG Materiality Owners. The involvement
of all these layers ensures consistent implementation of
sustainability practices, supports the achievement of ESG
targets, and reinforces accountability in managing social and
environmental impacts.
* the focus group may change from time to time, depending on specific agenda or goals that the
company want to achieve
60 Sustainability Report 2024
Page 62
As an integral part of the governance structure, the The Sustainability Committee holds monthly meetings to and future investment plans.
Sustainability Committee was established as a strategic forum monitor sustainability progress and ensure it aligns with the
to strengthen policy direction and oversight on ESG-related company’s values, focusing on: Meanwhile, discussions related to ESG KPIs are conducted as
issues at the corporate level. The Committee operates under needed, involving relevant parties or those responsible for
the coordination of the Board of Directors and the supervision 1. Identifying and discussing significant issues related to material ESG topics.
of the Board of Commissioners, which play a central role in Environment, Social, and Governance (ESG) that are
embedding the comprehensive integration of sustainability critical to the organization. All discussion outcomes and/or recommendations from the
principles into the company’s overall business strategy. Committee meetings are documented and presented in the
2. Reviewing and monitoring the progress of key ESG Board of Directors (BoD) to ensure that the decision-making
The committee is chaired by the Chief Sustainability and initiatives, ensuring consistency with the company’s process is well-informed and aligned with the company’s
Corporate Affairs Officer (CSCAO). Its members include aspiration to lead in sustainable nickel production globally. business objectives.
relevant members of the Board of Directors (BoD), along with
senior leaders from the Strategy and Business Development, 3. Ensuring that sustainability and ESG principles are com-
Environment, Operations, Legal, and Compliance departments. prehensively integrated into the company’s business
Other department heads may be included as needed. strategy, covering ongoing operations, current projects,
61 Sustainability Report 2024
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Sustainability Performance Monitoring and Evaluation
Monitoring and reporting play a vital role in ensuring To support more comprehensive performance monitoring,
accountability, transparency, and continuous improvement. the Sustainability Department has developed an ESG
PT Vale Indonesia also regularly submits a
Without an effective monitoring system, potential risks may Dashboard that compiles and updates ESG performance data
go unnoticed, and the success of sustainability programs Communication on Progress (CoP) as part on a regular basis. This dashboard facilitates internal tracking
becomes difficult to measure objectively. while ensuring compliance with applicable regulations and
of its active participation in the UN Global
standards.
To address this, PT Vale Indonesia Tbk has implemented a Compact (UNGC). Through this CoP, we disclose
structured sustainability performance evaluation system to In addition to internal evaluation, the ESG performance of
performance and progress in implementing
ensure ESG programs are aligned with the established roadmap. PT Vale Indonesia Tbk (PTVI) is also assessed by external
Progress is tracked through Key Performance Indicators UNGC principles on human rights, labor, the rating agencies such as Sustainalytics, MSCI, CDP, and S&P.
(KPIs) defined by each department and reported regularly, Government authorities also oversee compliance with
environment, and anti-corruption.
either weekly or monthly. In addition, PTVI provides external applicable regulations. Feedback from external parties is used
reporting on specific topics in accordance with applicable to refine the Company’s ESG strategy.
regulations or upon request from relevant stakeholders.
One of the key rating agencies actively assessing PTVI’s ESG performance In the October 2024 score
Trend Skor Risiko
Skor RisikoESG Sustainalytics
ESGESG
PTVI Sustainalytics Risk ScorePTVI
Sustainalytics
SustainalytyticsPTVI
PTVI
Trends
is Sustainalytics. The assessment is based on two main dimensions: update, PT Vale received an
Skor Tren Skor Risiko ESG
exposure (the level of material ESG risk) and management (the company’s ESG Risk Rating of 29.4 from
40
ability to manage those risks), using the following rating methodology: Sustainalytics, placing the 34,7
34,7 (High)
company in the Medium Risk 30,5
34,7 (High)
29,4
29,4 (Medium)
30
Skor Risiko Kategori Deskripsi category. This result reflects
Considered to have negligible ESG risk an improvement from the
0-10 Neligible
previous assessment and 20
Considered to have low ESG risk
10-20 Low serves as motivation for
Considered to have medium ESG risk the company to continue 10
20-30 Medium
strengthening ESG risk
Considered to have high ESG risk Dec 2023A pril 2024 Oct 2024
30-40 High management going forward.
0
Considered to have severe ESG risk Dec 2023 Score
Skor ESG
Aprilrisk
Tren Skorscore
2024Risikotrends
ESG Oct 2024
>40 Severe
62 Sustainability Report 2024
Page 64
PTVI recognizes the challenges in implementing a sustainable
performance evaluation system, including data management
Responsible Supply Chain [GRI 3-3]
complexity, limited resources, and dynamic regulatory
PT Vale recognizes that the responsibility for sustainability accountability of prospective suppliers as the foundation for
changes. To address these challenges, PTVI continues to invest
extends beyond the company’s internal operations and long-term sustainable partnerships.
in technology development and capacity building to ensure
encompasses the entire value chain, including its supply chain.
the evaluation system remains relevant and effective.
A significant portion of environmental, social, and governance For registered suppliers, we conduct periodic evaluations. We
(ESG) impacts originatesoriginate from the activities of review changes in qualification and classification, as well as
We also consistently provide ESG-related training for
suppliers and business partners. Therefore, a responsible performance records in previous years.
employees to enhance their understanding of their roles in
supply chain is a key element of our sustainability strategy.
achieving sustainability targets. In addition, PTVI maintains
Commitment Through Contracts and Supplier Code of
open dialogue with communities to receive feedback and
Responsible Procurement Practices Conduct
strengthen the implementation of social and environmental
PT Vale applies responsible procurement practices by setting PPT Vale reaffirms its commitment to sustainability through
programs.
clear expectations and requirements through the Supplier the implementation of a Supplier Code of Ethics and Conduct,
Code of Conduct. This code outlines compliance with that applies to all supplier partners. These provisions are
applicable laws, regulations, and international standards, explicitly stipulated in every cooperation agreement as
including principles of human rights, labour rights, and anti- mandatory
corruption. Our anti-corruption policy strictly prohibits all As a concrete implementation, we require all suppliers to
forms of bribery, gratuities, and unethical practices in business uphold human rights and adhere to applicable labor standards.
relationships with suppliers.[GRI 205-2] We require all suppliers to respect human rights and adhere
to labor standards. PT Vale does not tolerate any violations
We also operate an e-Procurement system, a web-based of workers’ rights to freedom of association and collective
platform that covers all procurement stages, from vendor bargaining. Furthermore, we strictly prohibit child labor, forced
registration and pre-qualification to tender processes and labor, and compulsory labor in all operational and supply chain
contract management. This system is designed to enhance activities.[GRI 407-1][GRI 408-1][GRI 409-1]
transparency, data accuracy, and efficiency throughout the
procurement process. To ensure compliance with these standards, we implement
regular monitoring and evaluation mechanisms. Compliance
Supplier Due Diligence and Assessment GRI 414-1] with the Supplier Code of Conduct and contract provisions is
In addition to ensuring a transparent process through digital a legal requirement that cannot be negotiated. Through this
systems, we conduct due diligence during the pre-qualifi- approach, we strengthen corporate governance practices
cation stage to integrate ESG values into supplier selection. and ensure that all business partners contribute to the
These assessments mainly focus on governance aspects, such achievement of sustainability objectives.[GRI 414-2]
as regulatory compliance and anti-corruption approaches.
This process ensures the integrity, transparency, and
63 Sustainability Report 2024
Page 65
Supplier Performance Monitoring and Evaluation Support for Local Suppliers [GRI 204-1] Further details regarding supplier engagement
We periodically evaluate the performance of suppliers and As a reflection of its commitment to supporting regional and proportions can be found in the Data Tables
contractors, assessing not only technical performance but national economic development, PT Vale in 2024 collaborated with section, under Responsible Supply Chain.
also their environmental management and potential social 151 local suppliers, which account for 15% of the total number of
impacts. In 2024, evaluations were conducted for 100% of new suppliers, and 632 national suppliers, accounting for 62% of the Upholding Sustainability Principles in the
suppliers and business partners. total. Local suppliers are defined as companies that have operated Supply Chain
in East Luwu Regency for a minimum of 10 years, with company As a continuation of our evaluation and oversight
Based on the evaluation results, no operations or suppliers ownership registered under an East Luwu ID card (KTP), including efforts, we reinforce our sustainability commitment
were identified to pose significant risks related to restrictions valid company establishment documents. through a policy that prohibits partnerships with
on freedom of association and collective bargaining, use of parties proven to have violated human rights.
child labor, or practices of forced or compulsory labor. Disciplinary actions are imposed on suppliers,
contractors, third parties, or internal entities
During the reporting period, no significant adverse social found to be in violation, as a demonstration of our
impacts were identified in the supply chain that led to contract consistency in upholding sustainability principles.
termination. However, in cases of non-compliance, PT Vale
takes proportionate corrective actions, including reviewing As part of its preventive efforts and compliance
the continuation of partnerships with the relevant supplier. improvement, PT Vale regularly walks suppliers
through its Suppliers Code of Ethics and Conduct.
We also encourage suppliers to actively monitor and At the beginning of every contract, suppliers attend
continuously improve their performance. Our primary focus a kick-off meeting that discuss key agreement
areas include risks and potential impacts on human rights, points, including ethical provisions and sanctions
occupational health and safety (OHS), and biodiversity. Close for violations. This initiative shows PT Vale’s
collaboration with partners forms a critical foundation for commitment to run responsible business practices
building responsible sourcing practices throughout the supply and help partners to meet applicable sustainability
chain. standards.[GRI 2-24]
64 Sustainability Report 2024
Page 66
Responsibility For Product/Service Development
PT Vale’s production processes and nickel matte products the request of buyers in 2024, underscoring the reliability
comply with global standards, including the requirements and consistent quality we uphold.[POJK51-F.28] [POJK51-F.29]
of the Restriction of Hazardous Substances (RoHS) and ISO
17025:2008, both of which are recognized in the European Not only in terms of production, but we are also
Union market. Our products have also successfully undergone committed to maintaining the quality of our services
hazard evaluations based on the Globally Harmonized System to customers. Product purchases are made through
of Classification and Labelling of Chemicals (GHS), a system long-term contracts; therefore, a separate customer
adopted by the United Nations and implemented in Indonesia satisfaction assessment mechanism is not implemented.
through the Ministry of Industry Regulation No. 23 of 2013. Instead, PT Vale conducts regular weekly meetings with
[POJK51-F.27]
customers to address product-related matters. These
forums also functions as a platform to identify and
As an intermediate product, our nickel matte plays a strategic promptly address any issues or concerns that may arise.
role as a critical raw material in our customers’ downstream Through this approach, we ensure open and responsive
processes, thereby posing no direct impact on consumers communication, as well as the timely implementation of
or the environment. The safety and quality of our products improvements, in order to maintain a professional and
are evidenced by the absence of complaints related to consistent standard of service.[POJK51-F.30]
health impacts on employees, workers, or buyers during the
reporting period. Furthermore, no products were recalled at
Product/Service Innovation and Development
PT Vale focuses on developing nickel products in matte products and plans to launch high-quality nickel products
that support the energy transition in the coming years, including:
Mixed Hydroxide Precipitate (MHP):
This product will be produced through the limonite nickel refining and processing facilities originating
from the Sorowako Limonite, Bahodopi, and Pomalaa Projects. MHP production capacity is targeted to
reach 60 thousand tons per year for Sorowako and Bahodopi, and 120 thousand tons per year in Pomalaa.
The HPAL plant in Pomalaa, which is being developed together with Ford Motor Co. as a strategic partner,
is currently entering the main contractor mobilization stage and is targeted for completion in 2026.
Meanwhile, construction of the HPAL plant in Bahodopi is planned to begin in the fourth quarter of 2025
and is expected to be completed in 2026. As for the Sorowako Limonite Project, the plant is targeted to
ship the first ore in the third quarter of 2026.
65 Sustainability Report 2024
Page 67
Leading Through Ethical
Governance
Page 68
PT Vale’s Approach to Managing Material Governance Issues
We believe that good governance is the fundamental principles are not only documented but are also embedded
foundation for achieving sustainability goals and long-term into the work culture, systems, and decision-making processes
success. Our commitment to conducting ethical, transparent, throughout the organization.
and responsible business practices is rooted in the principles
of Good Corporate Governance (GCG), which are consistently We understand that good governance is not just about
implemented across all levels of the organization. Every regulatory compliance but also involves effective risk
individual within the company—from the Board of management, empowering all organizational functions, and
Commissioners, the Board of Directors, management, achieving optimal performance. This approach aligns with our
employees, to other related parties—is required to comply goal of increasing contributions to the national economy and
with laws and business ethics, guided by the values of fostering an investment climate that supports sustainable
responsibility, honesty, integrity, and respect in every action development.
taken.
Through this approach, PTVI not only ensures regulatory
To support the sustainable implementation of GCG, PT Vale has compliance but also strengthens governance risk management,
developed comprehensive policies and supporting documents, optimizes performance improvement opportunities,
such as the Sustainability Policy, Anti-Corruption Policy, Code and prevents the negative impacts of poor governance
of Ethics, as well as various charters for the Board of Directors, implementation.[GRI 2-27]
the Board of Commissioners, and related committees. These
Related
Topik Material
Sustainability Inisiatif
Key Utama
Initiatives in
Topik Material
Material Topic Pencapaian
Achievements
ESG
Topic di 2024
2024
Anti-Bribery 247 employees received
Tata
GoodKelola
Corporate Pelatihan Anti Suap
& Corruption 247 karyawan&mendapatkan
Anti-Bribery
Perusahaan
Governance & Korupsi Pelatihan Anti Suap & Korupsi
yang Baik (GCG) Training Corruption Training
GoodKelola
Tata Corporate
Governance
Perusahaan
yang
(GCG) Baik (GCG)
Zero incidents of damage, modification,
Strengthened Nihil insiden kerusakan, modifikasi, atau
Keamanan
Cybersecurity Meningkatkan or leakage data
of digital data and digital dari
cybersecurity kebocoran dan informasi
Siber dan Privacy kampanye kesadaran informationkaryawan,
from customers,
and Data
awarenesssiber
campaigns pelanggan, maupunemployees,
pemangku
Privasi Data keamanan
kepentingan lainnya.
or other stakeholders
67 Sustainability Report 2024
Page 69
Governance Structure
PT Vale’s governance structure emphasizes a strong
principle of checks and balances. Currently, the position of
President Director is not held concurrently with the President
Company’s GCG Structure Commissioner or any member of the Board of Commissioners,
ensuring a clear separation between executive and oversight
functions. This supports transparent and accountable
governance.[GRI 2-9]
General Meeting of Shareholders
Further details on the selection process, structure, and
composition of the Board of Directors and Board of
Commissioners can be found in the 2024 Annual Report of PT
Vale Indonesia Tbk.
Board of Board of
Directors Commissioners
Board Composition and Diversity
The composition of PT Vale’s Board of Directors and Board
of Commissioners reflects both competence and a diversity
of experiences. This diversity spans areas such as expertise,
Supporting Department Supporting Committee education, work experience, age, gender, and nationality.
• Operational • Audit Committee
• People & Culture • Governance, Nomination and Remuneratio Board members come from varied professional backgrounds,
• Legal Committee including business management, law, commerce, mining,
• Corporate Secretary • Risk Mitigation Committee
sustainability, and risk management. They also bring extensive
• Investor Relation
• Finance experience from different sectors, such as business and
• Compliance and Ethics mining, national and global institutions, consulting, academia,
as well as government and bureaucracy.
In terms of gender diversity, PT Vale continues to promote
female representation in leadership positions. In 2024, out of a
total of 7 Board of Directors members, 1 is a woman. Meanwhile,
among the 10 members of the Board of Commissioners, 3 are
women. Overall, female representation in PT Vale’s leadership
stands at 23.5%, reflecting the company’s commitment to
gender equality in leadership.
68 Sustainability Report 2024
Page 70
PT Vale’s governance structure emphasizes a strong principle
of checks and balances. Currently, the position of President
Director is not held concurrently with the President
Commissioner or any member of the Board of Commissioners, Board of Directions Board of Commissioners
ensuring a clear separation between executive and oversight
functions. This supports transparent and accountable
governance.[GRI 2-9 14%
30%
Further details on the selection process, structure, and
86%
composition of the Board of Directors and Board of
Commissioners can be found in the 2024 Annual Report of PT 70%
Vale Indonesia Tbk.
Male Female Male Female
69 Sustainability Report 2024
Page 71
Risk Management and the Role of Governance
PT Vale Indonesia Tbk implements risk management based such as Internal Audit, Compliance & Ethics, Legal, Finance,
on international standards such as ISO 31000:2018, ISO Corporate Affairs, and other corporate functions. The Board of
Delegation of Authority and
55001:2014, and COSO-ERM. This risk management system Commissioners and the Audit Committee provide independent Responsibility[GRI 2-13]
is designed to identify, assess, mitigate, and monitor risks oversight, particularly to ensure compliance with ethical
that may impact the company’s operations, achievement of policies such as the Code of Conduct and anti-corruption The Board of Directors delegates authority to company
strategic objectives, financial performance, and reputation. programs. officers based on their respective areas of responsibility.
The process is overseen by the Board of Directors and carried The Risk Management Unit leads the identification and
out in coordination by the Risk Management Unit, Line mitigation of corporate-level risks, while the Compliance
Management, and Internal Audit. The Board of Commissioners & Ethics function ensures adherence to legal and ethical
and the Risk Mitigation Committee conduct regular oversight standards. Each department reports progress and challenges
and evaluations to ensure the effectiveness of risk controls to the Board. Additional oversight is provided by the Risk
and governance[POJK51-E.3] Mitigation Committee under the supervision of the Board of
Commissioners.
As previously explained on page 44, PT Vale also conducts ESG
risk and opportunity assessments focusing on sustainability All of these processes are supported by adequate human
issues. This assessment is integrated into the company’s resource training and capacity development to ensure
overall risk management framework, with a deep focus on effective execution of responsibilities.
ESG-related topics.
Throughout 2024, the Risk Mitigation Committee carried out
oversight and evaluation of risk management policies and their
Highest Role in Decision-Making[GRI implementation. Its scope included reviewing policy updates,
2-12] risk profiles, the 2025 risk strategy, and the 2025–2029 ERM
Roadmap. The committee also provided recommendations
on strategic risk assessments, budget updates, and the
The Board of Directors plays a central role in risk-related
company’s financial performance. More information on the
decision-making. It regularly reviews risk policies and
role and outcomes of the committee’s work can be found in
monitors key operational, financial, legal, and compliance
PT Vale’s 2024 Annual Report.
risks through structured reports from relevant units. To
ensure accountability, the Board receives updates from units
70 Sustainability Report 2024
Page 72
Strengthening Governance Capacity [POJK51-E.2] [GRI 2-17]
PT Vale Indonesia Tbk believes that the effectiveness of effectively, particularly in ensuring regulatory compliance and strengthening Governance, Risk, and Compliance (GRC)
corporate governance largely depends on the capacity and promoting community welfare and environmental protection. principles, understanding information security and cyber risk
competence of governance bodies. Therefore, the company [GRI 2-12] [GRI 2-13] [GRI 2-17]
management, and developing an organizational culture that
consistently promotes the development of knowledge promotes integrity and collaboration. Training also focused on
and capabilities of the Board of Directors and Board of In 2024, the company focused its governance capacity-build- enhancing leadership capacity and synergy between the Board
Commissioners to address increasingly complex governance ing efforts on active participation of the Board of Directors in and executive management to support effective strategic de-
challenges, particularly in navigating regulatory changes, various development initiatives. This is part of the company’s cision-making.
stakeholder expectations, and environmental and social commitment to implementing integrated governance
issues. principles that support the achievement of sustainability Through these training programs, the Board is expected
goals. By involving the Board directly, the company fosters to become more adaptive in responding to business and
As part of these efforts, PT Vale’s Board members are equipped alignment between strategic direction and responsible regulatory dynamics and more proactive in guiding the
with knowledge of risk, governance, and sustainability through operational practices. company’s sustainable strategy. This capacity-building also
professional experience, regular training, and briefings from strengthens the Board’s role in governance-based oversight
management and external experts. These efforts aim to Throughout the year, the Board of Directors participated and decision-making.
enhance the governance bodies’ capacity to perform their roles in various training programs covering key topics such as
Additionally, PT Vale actively
participates in strategic forums to
demonstrate its commitment and share
best practices, such as:
PT Vale participated in Indonesia Climate Change Expo & PT Vale participated in the Climate Actions event in the
Forum (ICCEF) 2024 in Balikpapan, East Kalimantan. The Conference of the Parties (COP) 29. In the event, PT Vale
company conveyed its focus on efforts towards Net Zero emphasized its commitment to support the acceleration of
Emissions in 2050 which is ahead of the national target set by energy transition in a responsible and just manner, in line with
the government. Indonesia’s green growth goals.
71 Sustainability Report 2024
Page 73
On several occasions, the Board of Directors appeared as speakers in events with sustainability themes, namely:
Febriany Eddy - President Director PT Vale Abu Ashar - Deputy President Director PT Vale
Febriany Eddy, President Director of PT Vale, Discussed Febriany Eddy, President Director, PT Vale as speaker Deputy President Director of PT Vale shared experience
the Important Role of Critical Minerals in the Global in the CNN Indonesia “The Big Idea” forum explained on achieving Net Zero Emission at The 8th Expert Forum.
Energy Transition and ESG Practices for Sustainable the Role of Nickel in Climate Change Solutions, Energy
Development that Support Indonesia Emas 2024 at the Transition and PT Vale ESG Compliance, to Support
Bloomberg NEF Forum. Carbon Emission Reduction in Indonesia.
Bernardus Irmanto - Director of Sustainability
and Corporate Affair of PT Vale
At the CEO Dialogue Indonesia Pavilion COP 29 about President Director of PT Vale, Febriany Eddy at
Climate Action in Baku, Azerbaijan. President Director of the ASEAN Mining Conference 2024: delivered a
PT Vale, Febriany Eddy, conveyed PT Vale’s commitment presentation about the importance of disciplined
Director of Sustainability and Corporate Affair of PT
to become a Global Leader in Responsible Mining. That is sustainability implementation, because without real
Vale, Bernardus Irmanto became speaker at Katadata
with an investment of $9 billion for responsible expansion action, sustainability will only become greenwashing.
SAFE 2024 about the sustainable efforts carried out by
of nickel products and development of Net-Zero carbon
PTVI in five decades.
facilities.
72 Sustainability Report 2024
Page 74
Bernardus Irmanto - Director of Sustainability and Corporate Affair PT Vale
Bernardus Irmanto, Director of Sustainability and In an interview with Detik.com, Director of Sustainability Bernardus Irmanto, Director of Sustainability and
Corporate Affair of PT Vale, on Investor Daily TV Investor and Corporate Affair of PT Vale, Bernardus Irmanto Corporate Affair of PT Vale, became Speaker at
Daily Special conveyed PTVI’s efforts to encourage conveyed that PTVI always prioritizes sustainable mining Indonesia International Sustainability Forum 2024 Panel
sustainable and renewable mining practices. principles in its five decades of operation. 2: Sustainability in the Critical Minerals Sector, which
Highlighted the Important Role of Certain Minerals in
Driving the Energy Transition.
At the Special Session of Investor Daily Summit 2024, Director of Sustainability and Corporate Affair of PT Director of Sustainability and Corporate Affair of PT Vale,
Director of Sustainability and Corporate Affair of PT Vale, Bernardus Irmanto at the Conference of the Parties Bernardus Irmanto, attended the Djakarta Mining Club
Vale, Bernardus Irmanto, presented PTVI’s efforts to (COP) A8 - Bappenas became speaker with the theme event: A discussion about climate change, sustainability
achieve net zero emission goals in 2050. Shaping Indonesia Forward as the Global Green Battery practices, and the green premium potential for nickel.
Hub.
73 Sustainability Report 2024
Page 75
Performance Assessment and Remuneration
Andriansyah Chaniago - Governance performance assessment at PT Vale is carried out In addition, to maintain the integrity and objectivity of the
by evaluating the company’s performance throughout the assessment, PT Vale also conducts independent evaluations
Director of Human Capital PT Vale
current period, including the achievement of predetermined related to sustainability performed by third parties. This
KPI targets. This evaluation process is conducted through evaluation covers various dimensions, such as environmental
meetings of the Board of Commissioners and Directors impact management, social diversity, and ethics in corporate
to assess the company’s performance in achieving the governance. [GRI 2-18]
formulated strategic objectives, as well as to identify
areas for improvement, especially in sustainability aspects. The determination of compensation for the Board of
This assessment involves measuring social, economic, and Commissioners and Directors is carried out through the
environmental impacts, which reflects our commitment to GMS, taking into account the results of a comprehensive
sustainable mining practices. The evaluation results, which performance evaluation, including achievements in
include achievements in sustainability and governance fields, sustainability management which is an important part of
Adriansyah Chaniago, Chief of Human Capital PT
are then presented to the Shareholders at the General Meeting the company’s strategy. This process is supported by the
Vale, Discussed Opportunities with Investor Daily
of Shareholders, which is an important forum for transparent Nomination and Remuneration Committee (KTNR) which
TV (IDTV): PTVI’s Operations in the Preservation of
communication and accountability to key stakeholders. plays a role in preparing recommendations and ensuring that
Human Resources, Environment, and the Role of
compensation policies align with the principles of fairness,
Mining in the Energy Transition.
transparency, and contribution to the company’s long-term
goals. [GRI 2-19] [GRI 2-20] [GRI 2-21]
Throughout 2024, the Nomination and Remuneration
Committee (KTNR) carried out a strategic role in
strengthening corporate governance, including oversight
of the implementation of GCG improvement initiatives and
governance work plans. The Committee also provided recom-
mendations on the compensation policies for the Board of
Directors and senior officials, and ensured alignment between
performance and the incentives provided. In addition, the
company continues to build leadership sustainability through
the Career & Succession Planning (CSP) system, which
includes performance evaluations, talent development, and
succession planning to support management continuity. More
information regarding remuneration policies and performance
evaluation results is available in PT Vale Indonesia Tbk’s 2024
Annual Report.
74 Sustainability Report 2024
Page 76
Governance Policy
Transparent and accountable governance is the main foundation in every operational line of PT Vale. We are committed not only to implementing strong sustainability principles but also ensuring
that the entire value chain, including employees, partners, and external parties, operates according to high standards in ethics, integrity, and transparency.
We apply the Code of Conduct (CoC) as the main guideline in realizing sustainable governance. This Code of Ethics includes the following principles:
Anti-Corruption and Avoidance of Occupational Safety
Transparency and Health
Anti-Bribery Conflict of Interest
Maintaining openness in Implementing strict policies Avoiding actions or decisions Prioritizing the safety and
company operations and against corruption and bribery, that could cause conflicts of well-being of employees and
accurate information disclo- providing reporting channels interest, either personally or in workers, as well as creating a
sure. for violations business relationships. safe working environment.
Responsibility in
Relationships with
Suppliers and Partners
Avoiding actions or decisions
Social and Environmental Compliance with Laws Risk Management and Respect for Diversity that could cause conflicts of
Responsibility and Regulations Internal Control and Inclusion interest, either personally or in
business relationships.
Operating in ways that support Complying with all applicable Maintaining strict risk manage-
sustainable development and laws and regulations in the ment and internal control
respect human rights. countries of operation and systems to minimize losses.
relevant international
75 Sustainability Report 2024
Page 77
Regular socialization is conducted every year to ensure that all Anti-Bribery and Anti-Corruption Training, with priority given
parties understand and implement the principles of the Code to units that interact directly with external parties such as
of Conduct as part of our commitment to Environmental, the government, partners, and others. The training materials
Social, and Governance (ESG) aspects. In 2024, we conducted included anti-corruption policies, case studies, reporting
Code of Conduct training for employees through the Vale mechanisms, and awareness building on corruption risks in
Education System (VES) platform. Training materials are also business processes.[GRI 205-2]
available on the company internet so they can be accessed
anytime as a convenient reference for all employees. A total We regularly conduct risk assessments to identify potential
of 557 employees have participated in this training, reflecting corruption, by referring to the Corruption Perceptions Index
the company’s strong commitment to building an ethical and (CPI) as part of Vale’s Global Anti-Corruption Program. This
integrity-based work culture throughout the organizationi.[GRI commitment also applies to our business partners and
2-24]
suppliers.
As an effort to expand the application of ethical and
compliance principles, including corruption prevention, across As a preventive measure, PT Vale collaborates with the law firm
the company’s supply chain, we also conducted training on the Hadiputranto, Hadinoto & Partners to assess corruption risks,
Supplier Code of Conduct for our suppliers. [GRI 205-2] particularly in the procurement of goods and services. We
implement an e-procurement system and include anti-bribery
and anti-corruption clauses in contracts with third parties.
Vale’s Global Anti-Corruption Guidelines are accessible to all
employees, and we provide secure and confidential reporting
Anti-Corruption and Anti-Fraud channels.[GRI 205-1]
[SASB EM-MM-510a.1] [SASB EM-MM-510a.2]
During the reporting period, there were no complaints or legal
PT Vale implements a zero-tolerance policy against corruption, cases related to violations of anti-corruption policies, either
bribery, and abuse of power. This policy not only supports legal by employees or business partners. This demonstrates the
compliance but also strengthens the company’s governance, effectiveness of policy implementation in maintaining integrity
integrity, and sustainability. and building public trust. We remain committed to creating a
corruption-free work environment, supporting transparency,
Throughout 2024, we also carried out anti-corruption policy and strengthening accountability. During the reporting period,
awareness through internal media such as email blasts and there were no complaints regarding violations of anti-corrup-
banners, and organized various anti-corruption outreach and tion policies, and no public legal cases related to allegations of
training activities. A total of 247 employees participated in corruption.[GRI 205-3]
76 Sustainability Report 2024
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Managing Conflict of Interest[GRI 2-15]
We are committed to ensuring that there are no conflicts
of interest that could affect the objectivity and integrity
of decision-making, whether at the level of the Board of
Directors, Board of Commissioners, or Shareholders. During
the reporting year, there were reports submitted through the
Vale Whistleblower Channel (VWC) regarding alleged conflicts
of interest. All reports have been followed up according to
the applicable procedures, and if found to be valid claims,
corrective actions were taken immediately in accordance with
company policies. In line with our
commitment to the
Disclosure of information regarding conflicts of interest and implementation of
their follow-ups is presented in PT Vale Indonesia Tbk’s 2024 sustainable governance,
Annual Report. This effort reflects the company’s commitment the Company has a policy
to maintaining transparent, accountable governance that is to prohibit any form of
free from improper influence. contribution to political
activities, either directly
or indirectly. We also do
Respect for Property Rights not allow the use of PT
Vale’s facilities or assets
We are committed to respecting property rights in every
for political activities.[GRI
aspect of our nickel mining operations. We comply with the 415-1]
applicable legal framework and respect land ownership rights,
ensuring that all operational activities do not violate the
rights of individuals or groups. This commitment reflects our
dedication to upholding high ethical standards and compliance
with applicable regulations, as well as ensuring the protection
of property rights as part of our efforts to support social and
environmental sustainability in every step of the company’s
operations.
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Whistleblowing Channels [GRI 2-16][GRI 2-26]
Our commitment to transparency and accountability is 7 days a week, and is ready to receive reports on issues such as whistleblowers, which is considered a serious violation and
realized through the Vale Whistleblower Channel (VWC), corruption, conflicts of interest, discrimination, and violations subject to strict sanctions. We also encourage all employees to
an independent reporting channel that allows suppliers, of company regulations or codes of conduct. report any acts of retaliation to maintain integrity and create a
customers, and third parties to report suspected violations safe, inclusive, and fair work environment. Report evaluations
anonymously, safely, and without fear of retaliation. As part of our commitment to good governance principles, the are conducted every three months and are reported directly to
Managed by a professional service provider in Indonesia, the protection of whistleblowers is a top priority. The company the CEO of PT Vale Indonesia.
VWC is directly connected to PT Vale’s Whistleblower Team, guarantees the confidentiality of reports and handles each
which ensures that every report is followed up according to case with neutrality, objectivity, and without intimidation.
applicable procedures. This channel is available 24 hours a day, PT Vale strongly opposes any form of retaliation against
78 Sustainability Report 2024
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VWC Reporting Handling Process
Independent PTVI Whistleblower
Whistleblower Whistleblower Company Team
23Incoming
Laporan Reports
Masuk
File an allegatiion Receive the allegation Jenis pelanggaran
Violation Types
Penipuan,
Fraud, konflik
conflicts ofkepentingan, hubungan
interest, interpersonal
interpersonal,relationships
relationships, hubungan dengan pihakparties,
with third ketiga,
kesehatan
health and dan keselamatan
safety at work, andkerja dan lingkungan
environmental
File the allegation Confirm report issues
Receive feedback Communicate as an
intermediary
Provide feedback 17 Valid
Laporan Valid
Reports
Detailed report (final) Confirm report
11 Not
Tidak Terbukti
Proven
In 2024, VWC received 23 reports of alleged violations, with Each proven case is handled in accordance with the collective 5 Cannot
Tidak Dapat Dipastikan
Be Verified
Kebenarannya
17 reports (74%) found to be valid and investigated while labor agreement agreed upon by both parties, the employee
maintaining confidentiality and objectivity. The types of and employer, considering the level of violation and its impact
violations reported include fraud, conflicts of interest, on the work environment.
interpersonal relations, relationships with third parties, health
and safety at work, and environmental issues. Data on the handling of violations reported through the Vale
Whistleblower Channel (VWC) over the past three years can
1 Proven
Terbukti
Jenis pelanggaran
Violation Type
be found in the Data Table section under Violation Reporting Pelecahan dan
Harassment andiskriminasi
Discrimination
Handling Through Vale Whistleblower Channel (VWC).
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Disciplinary Actions for Violations
Disciplinary Action and Violation
Any violation of the provisions in the Code of Ethics and Conduct
is subject to disciplinary sanctions applied progressively, 2024 2023 2022
starting from a warning (verbal or written), suspension, up Action Stages
to termination of employment. PT Vale uses reports received Non Non Non
Safety Safety Safety
through various channels, including the Vale Whistleblower Safety Safety Safety
Channel (VWC), as well as the results of internal investigations, Step I: Written Direction 23 22 19 15 9 7
as a basis for evaluation and improvement of internal controls
to prevent future violations. Step II: Written Warning I 46 17 15 28 29 5
Step III: Written Warning II 12 4 5 1 4 3
For proven violations, the company imposes various forms of
disciplinary actions and sanctions, including formal feedback, Step IV: Final Warning 5 3 8 1 7
warnings, retraining, suspension, termination of employment, Step V: Termination of Employment 1 1 1 1 1
and/or other legal actions based on the level of the violation.
Total 87 47 48 45 44 22
Below are the forms of disciplinary actions imposed during the
reporting year, whether based on reports received through
the Vale Whistleblower Channel (VWC) or findings from other
This approach reflects PT Vale’s commitment to creating a work environment that is ethical, transparent, and free from violations.
internal monitoring mechanisms:
With an effective reporting system and professional investigations, the company continues to strengthen its culture of compliance
and prevent future violations.
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Data Security and Digital Information[GRI 3-3][GRI 418-1]
In the digital era, data and information security has become an
increasingly crucial aspect for business sustainability. PT Vale
recognizes that secure and transparent data management
is not only a compliance obligation with regulations but also
part of maintaining stakeholder trust. The evolving cyber
threats can impact company operations, the protection of
individual rights, and the company’s reputation. Therefore,
cybersecurity and personal data protection are material topics
in Vale’s sustainability strategy.
PT Vale is fully committed to protecting the privacy and
personal data of all individuals processed by the company,
including employees, customers, service providers, and other
stakeholders. To this end, we implement the Personal Data
and Privacy Protection Policy, ensuring that the collection,
processing, storage, and deletion of data are carried out in
accordance with applicable laws.
Personal data is collected only for legitimate, clear,
and specific purposes, such as managing employment
relationships, contract management, and compliance with
regulations, including the protection of employee health and
safety. Additionally, personal data is processed in managing
relationships with customers, suppliers, and business partners
to ensure compliance with contractual and regulatory
obligations.
Personal data processing is done based on the consent of the
data owner, the execution of contracts, legal obligations, or
legitimate interests of the company. For sensitive data, such
as health information, religion, and biometric data, Vale only
processes it with explicit consent from the data owner and for
very specific purposes.
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Cybersecurity Measures and Risk Employee Education and Awareness
To protect data from unauthorized access, loss, or damage,
Management Vale implements technical measures such as encryption
Realizing that cybersecurity also depends on individual
systems, multi-factor authentication, firewalls, and regular
In addressing potential cyber threats, PT Vale applies various awareness, Vale actively enhances employee understanding
security monitoring. Data can only be accessed by authorized
technical and organizational measures to ensure optimal of the importance of data protection and privacy. Education
parties, and backup and data recovery systems have also been
data protection. We ensure that personal data is only is conducted through various internal campaigns, such as the
implemented. In the event of a data breach, the company has
shared with third parties who have been approved and are installation of banners, the dissemination of messages via
an incident response procedure that includes reporting to the
obligated to process data securely and in accordance with the WhatsApp broadcast, and the display of information through
Data Protection Officer (DPO) and mitigation steps to minimize
stated purposes. For international data transfers, Vale uses videotrons. Additionally, cybersecurity-related material is
the impact.
protection mechanisms such as standard contractual clauses integrated into the onboarding program for new employees
or binding corporate rules to ensure compliance with global and contractors.
Throughout 2024, Vale did not receive any reports related
legal requirements.
to the damage, modification, or leakage of digital data
Through this approach, Vale ensures that all layers of the
and information from customers, employees, or other
As part of our compliance efforts, PT Vale documents all organization understand their role in safeguarding data
stakeholders.
procedures related to data processing in the Record of and privacy. With an effective reporting system, stringent
Processing Activities (ROPA) and conducts a Data Protection protection mechanisms, and enhanced employee capacity, the
Impact Assessment for any processes that present high risks company continues to strengthen its cybersecurity culture to
to the rights and freedoms of data owners. prevent future violations
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Elevating Our Commitment
to the Environment
Page 85
PT Vale’s Approach to Managing Environmental Material Issues[SASB EM-MM-160a.1][GRI 3-3]
In facing global challenges related to climate change and As part of its environmental impact management, PT PT Vale establishes a target-based program to ensure
environmental degradation, PT Vale is committed to managing Vale implements Life Cycle Assessment (LCA) to measure the effectiveness of environmental policies, with periodic
operational impacts responsibly and sustainably through environmental impacts at every stage of the mining cycle. This evaluations to improve resource efficiency and minimize
an integrated Environmental Management System (EMS). approach allows the company to assess and mitigate negative operational impacts. Policies related to conservation,
This system ensures that every stage of operations, from impacts more comprehensively, and ensure operations are emissions, energy efficiency, and other targets have been
exploration activities to mining land rehabilitation, is carried in accordance with standards set by IFC and ISO. In addition, integrated into the RKL and RPL, with regular reporting to
out in accordance with established sustainability principles. PT Vale also adopts the Preliminary Risk Analysis and Aspects relevant authorities. In line with the divestment process, the
Assessment and the Change Management approach to identify company updated its sustainability policy which provides an
This commitment is stated in our Sustainability Policy and and mitigate environmental impacts from the planning stage. opportunity to adjust strategies more independently to create
is applied throughout our operations and supply chain, with This program has been implemented in the operational areas a greater positive impact.
reference to international principles, such as the ICMM of the Sorowako, Pomalaa, and Bahodopi Blocks.[GRI 101-4]
Sustainable Mine Management Principles, the International In its implementation, PT Vale’s environmental management
Finance Corporation (IFC) Environmental Performance As part of a comprehensive approach, PT Vale also emphasizes system is directly supervised by the Head of Mining Engineering
Standards, and the ISO 14001:2015 Environmental Management the importance of collaboration with various stakeholders in together with the Environmental Manager, to ensure alignment
System. environmental management. The company actively involves with industry best practices and sustainability goals. To ensure
the community, government, and business partners in the compliance with regulations, the company uses a special
preparation of the Environmental Impact Analysis (AMDAL), application, namely the Regulation Compliance System (RCS).
Environmental Management Plan (RKL), and Environmental Through this application, compliance is monitored periodically,
Monitoring Plan (RPL) through public consultation activities. to ensure its compliance with applicable government
In 2024, our site in Sorowako successfully However, because the AMDAL focuses more on environmental regulations. Through the environmental management system,
extended the ISO 14001:2015 Environmental aspects, this year PT Vale also conducted an Environmental PT Vale also monitors GHG emissions, waste management,
Management System certification which and Social Impact Assessment (ESIA) to ensure a broader water and energy efficiency audits, and internal and external
covers the scope of mining, nickel processing approach, covering both environmental and social impacts as audits. Environmental management performance is reported
plants, and their support and services. a whole. This ESIA approach is one of the more comprehensive regularly through the company’s website and to relevant
impact management efforts that is in line with international authorities, such as the Ministry of Environment and Forestry
standards and aims to ensure that mining projects not only (KLHK), the South Sulawesi Environmental Management
mitigate environmental impacts, but also consider the social Service, and the East Luwu Regency Environmental Service.
welfare of surrounding communities.[GRI 101-4]
84 Sustainability Report 2024
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The infographic below summarizes PT Vale’s flagship programs, including material topics, initiatives, and
achievements until 2024:
As part of the implementation of the environmental
management system, PT Vale consistently allocates a special
budget to support various related programs and activities. In Material Topic Emissions and Energy Management
2024, PT Vale allocated funds of US$28.4 million to support
comprehensive environmental management efforts.
Emissions and Climate Adaptation Environmental
ESG Material Topics
Energy Management and Resilience Management Systems
Greenhouse Gas and Energy Initiative
Initiatives in 2024
1. Smarter Slag Control in Nickel Smelting (REALITAS)
Environmental An innovation in Nickel Slag Level Engineering in the Electric Furnace implemented
by PT Vale Indonesia to improve energy efficiency in the nickel smelting process
through a mechanized slag measurement system (Mechanized Rod
Management Costs (US$) Measurement/MRM).
2. Logic Cascade
A smart control system that automatically adjusts coal input in the Reduction Kiln
to keep carbon levels stable in the product, lower energy use, and reduce emissions
2024 28,373,231 and environmental footprint.
Non-GHG Emissions Reduction Initiative
2023 67,340,642 1. Baghouse in Electric Furnace No. 1 and 2
This program improves the filtration system to optimize particulate emission
control and enhance operational efficiency.
2022 20,142,498
GHG Emissions Initiative
Achievement
1. Through the implementation of the REALITAS program in 2024, PT Vale Indonesia
achieved energy savings of 142,529 GJ and increased the use of renewable energy
by 2%, contributing to a reduction in carbon emissions.
2. The Logic Cascade program, also implemented in 2024, resulted in 346,413 GJ of
energy savings and a 33,285-ton CO₂eq reduction in GHG emissions.
Non-GHG Emissions Initiative
1. Improvements to the system in Electric Furnace 2 reduced particulate (non-GHG)
emissions by 42 tons, while Electric Furnace 1 saw a reduction of 22 tons.
85 Sustainability Report 2024
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Material Topic Water and Effluent Management Material Topic Waste Management (hazardous and non-hazardous)
ESG Material Topics Water and Effluent Management Management of Hazardous and
ESG Material Topics Mining Waste
Non-Hazardous Waste
1. Cooling System Upgrade in Furnace 4 (SUPER FURNACE 4) Hazardous Waste
Initiatives in 2024 Water replacement with air as the cooling method in Furnace 4. Initiatives in 2024 1. Using Used Oil as Fuel for the Dryer and Reduction Kiln
This change helps reduce water usage while keeping production This program re-uses oil from workshops and maintenance of
running efficiently. heavy and light vehicles as an alternative fuel for the Dryer
and Reduction Kiln. This helps save energy and reduces
2. Water Level Sensor in the Matte Pond (SEL POLISI in MP) hazardous waste.
Installation of water level sensor to control water addition and
prevent wastage. 2. Optimization of Engine Oil Replacement
An innovation to optimize engine oil replacement using
3. Intelligent Coagulant for Mine Water Treatment (INCO centrifugal filter technology, thereby extending the oil's
MATTE) lifespan and reducing hazardous waste.
This program uses an automated system to adjust the amount
of coagulant used in treating mine runoff water. It helps Non-hazardous waste
improve the efficiency of the water treatment process. 1. Transformation of Organic Waste into Woliko Livestock
Feed through the Tiered Biopond Method Innovation
(TRAMPIL WOLIKO)
Innovation that transforms organic waste into maggot-based
1. Through the SUPER FURNACE 4 innovation, water livestock feed using the tiered biopond method, enhancing
Achievements consumption was successfully reduced by 22,536 m3 in 2024. efficiency.
2. Track Shoe Regrouser
2. Through the SEL POLISI in Matte Pond innovation, water An innovation that reuses worn-out track shoe scrap metal by
consumption was successfully reduced by 133,540 m3 in 2024. repairing the damaged parts. This helps reduce
non-hazardous waste and makes the track shoes last longer.
3. The implementation of INCO MATTE system contributed to
the reduction of pollutants by 87 tons of TSS (Total Suspended Hazardous Waste
Solids) and 0.11 tons of Cr6+ (Hexavalent Chromium) in 2024. Achievements 1. In 2024, the program to use used oil as fuel for the Dryer and
Reduction Kiln reduced hazardous waste by 1,107 tons.
2. Initiative of the use of centrifugal filters helped reduce
hazardous waste by 4 tons in 2024.
Non-Hazardous Waste
1. TRAMPIL WOLIKO processed 5.6 tons of organic waste into
animal feed through the tiered biopond innovation.
2. The Track Shoe Regrouser program successfully reused 60
tons of scrap metal by extending the lifespan of bulldozer
track shoes.
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Material Topic Waste Management (hazardous and non-hazardous)
ESG Material Topics Land Closure and Biodiversity
Rehabilitation
Initiatives in 2024 1. Reclamation using land use planning and revegetation
methods on former mining areas.
2. Conservation of endemic flora and fauna by planting host
plants and setting up a butterfly breeding area in the
Biodiversity Park (Taman Kehati).
3. Conserving Timor Deer (Rusa timorensis) in the nursery area
of PT Vale Indonesia Tbk.
4. Restoring coastal ecosystems by planting freshwater
mangroves in Lake Matano and rehabilitating the coastal
area in Malili.
5. Planted trees on 6,615 hectares of land as part of watershed
rehabilitation in 2024.
1. Reclamation of 178.98 hectares of former mining land.
Achievements
2. Conservation of 67,903 trees.
3. Conservation of 22 Timor deer (Cervus Timorensis).
4. Restoration of 1 hectare of mangroves along the Malili coast.
5. Rehabilitation of 203 hectares of mangroves in watershed
rehabilitation areas.
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Feature Story
PT Vale Indonesia Tbk and GEM Sign Strategic In November 2024, PT Vale partnered with technology research center, US$30 million for
GEM Co., Ltd. to develop a US$1.4 billion an ESG Compound to ensure sustainability
Collaboration for Nickel Production Investment High-Pressure Acid Leach (HPAL) project compliance, and US$10 million for community
in Central Sulawesi. The project includes development. The project drives the
a net-zero nickel processing plant with a decarbonization of the nickel industry through
capacity of 60,000 tons of Mixed Hydroxide low-emission technologies and green energy,
Precipitate (MHP) per year, a key ingredient strengthening Indonesia’s competitiveness in
in electric vehicle batteries. the global market, while supporting the clean
energy transition.
Of the total project budget, US$40 million
is allocated for an environmentally friendly
PT Vale Wins First Gold PT Vale Indonesia received the
2024 Gold PROPER award, making
sustainability. This award reflects
compliance with regulations as
“
PROPER Award in Nickel it the first company in the nickel well as the success of initiatives
At PT Vale, we believe that sustainability is
mining and industry to receive beyond compliance such as
Mining and Industry the highest recognition from emission reduction, energy
more than just responsible mining operations;
it is about how we can contribute to the global
the Ministry of Environment and efficiency, water and waste
solution.
Forestry (KLHK). management, post-mining
land rehabilitation, and social
-
After three consecutive years of programs.
Abu Ashar
maintaining the Green PROPER,
Vice President Director & Chief Operations &
this achievement confirms PT
Infrastructure Officer of PT Vale
Vale’s ongoing commitment
and efforts in innovation and
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Climate Adaptation and Resilience [SASB EM-MM-110a.2]
Energy transition is key to addressing climate change and The challenges of climate change drive demand for critical our mining and processing operations in Sorowako. In addition,
limiting global temperature rise in accordance with the Paris minerals such as nickel and open up opportunities for PT we are committed to reducing carbon emissions by 33% by
Agreement. As a nickel producer, PT Vale plays an important Vale to continue to innovate in supporting the green energy 2030 for our mining and processing operations in Sorowako.
role in supporting the development of renewable energy transition. To manage the risks of climate change, PT Vale has This target is faster than Indonesia’s NDC target to achieve
and electric vehicles, as demand for nickel increases as one prepared a Roadmap to Carbon Neutrality by 2050 which is in carbon neutrality by 2060. The following roadmap details
of the main raw materials for electric vehicle batteries. This line with the Paris Agreement and Presidential Regulation No. concrete strategies and steps to reduce emissions, increase
ultimately provides a positive opportunity for the company’s 98 of 2021. In addition, we are committed to reducing carbon energy efficiency, and switch to renewable energy.
performance. emissions by 33% by 2030 and achieving net-zero by 2050 for
• Conver Boiler #2 to electric The carbon neutral roadmap focuses on studies of several
• Optimize Hydropower facilities Absolute GHG alternative emission reduction programs targeted for
• Redesign ore stockpile to reduce moisture emission
• Use of biomass reductant in Kilns completion in 2025. Implementation of the study results is
reduction 33%
planned to begin in 2026 and will have an impact on reducing
emissions by 33% by the end of 2030.
2023 – 2027 2030
Through this roadmap approach, we are targeting a 29%
Up to 2022 2028 – 2030 2050 emission reduction in the drying kiln and 58% in the reduction
kiln. For the smelting process, PT Vale is conducting a
Carbon Neutrality feasibility study related to the utilization of waste heat from
• Convert Boiler #1 to electric • Further increase use of Biodiesel
through the adoption of
• Increase use of biodiesel • Utilize waste heat exhaust gas and slag in an electric furnace, which is expected
hydroelectric power and
• Reline Hydropower Canal • 100% electrification of our mine to increase energy efficiency. The use of this electric furnace
comprehensive land
• Use less water to screen ores equipment
reclamation initiatives is also designed to be in line with the utilization of low-carbon
energy sources, with the majority of electricity supply coming
from the Hydroelectric Power Plant (PLTA).
PT Vale’s goal is to achieve carbon neutrality by 2050 through the adoption of hydroelectric power and comprehensive
land reclamation initiatives. PT Vale fully aligned with Indonesia’s ambitious Net Zero Emission target by 2060,
contributing significantly to national sustainability efforts.
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By the end of 2024, we can provide a summary of the progress of these studies as follows:
Program Project Progress/Results Challenges
Fuel substitution The use of bio-carbon in the reduction process replaces coal Test results from the reduction furnace show that using up to 30% • Availability and continuity of supply
bio-carbon does not cause any technical or operational issues. • Commodity prices
The use of bio-carbon for the combustion process replaces coal Tests on the drying and reduction furnaces showed positive results. • Impurities and water content
• Availability and continuity of supply
• Commodity prices
Use of hydrotreated vegetable oil (HVO) as a substitute for diesel Test results on mining equipment show that the use of HVO can replace • Availability and continuity of supply
fuel B35 as fuel alternative • Commodity prices
Equipment Use of 70-ton electric mining trucks. Field operational testing revealed several technical challenges. • Trucks are limited to operating in relatively flat
Electrification terrain. Making them unsuitable for challenging
topography in mining areas.
• Battery charging time are relatively long.
Use of electric cars and buses Field tests show they perform well, both technically and in terms of Routes are being planned, along with the placement
safety. of battery charging stations.
Electric boilers to replace fossil fuel boilers (Phase 2) Detailed engineering design has been completed and the manufacturing Water treatment is needed to ensure its quality
process is in progress. meets the required specifications.
Energy Efficiency Waste heat recovery system is being implemented for the drying Initial technical evaluation stage completed. The layout of the existing processing plant/smelter
furnace needs to be reconfigured.
Penstock reinforcement at Larona hydropower plant to boost Construction in progress. -
energy generation.
Reduction of water content of nickel ore feed to lower the A field study is ongoing to determine the best roofing design and method Proper water content control is essential to prevent
energy needed for ore dewatering. to prevent rainwater from entering the Wet Ore Stockpile (WOS). blockage when feeding wet ore into the system.
Use of renewable Solar energy is being utilized through solar PV to replace electric Detailed engineering design study and small-scale trials are in progress. -
energy grid from PLN in the port area.
Based on the results of the study and the ongoing process, the results are encouraging, despite the technical and economic challenges that are still being faced. In connnection with the results of the
study and the development of new mining projects in Bahodopi and Pomalaa, we will review the roadmap to carbon neutrality next year to ensure that the target can still be achieved optimally, in
line with the evolving operational dynamics. Adjustments to various initiatives will also be made to improve the efficiency, effectiveness and sustainability of the decarbonization strategy.
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Matano Iniaku Program: Sustainability and
Community Empowerment
“In the past, the livelihood of the people of Matano Village was only farming. Many cut down
trees and burned the land. We began to question whether pepper plants could withstand
erosion during heavy rains. We did not want our village to be polluted or the Lawaa River to
become shallow due to a poor agricultural system.
Lake Matano is a source of life for the surrounding community, but is threatened PT Vale is present through the Watershed Rehabilitation program, with more than 200 ha of
by changes in land use and low environmental awareness. To address this, PT land that has been rehabilitated. Previously, we thought that clearing land by cutting down
Vale carries out the Matano Iniaku Program in Matano Village, Nuha District, trees was a fast and successful way to farm. However, after taking training from PT Vale, we
East Luwu Regency. understand that good agriculture must still protect nature. Now, the Lawaa River remains clear
and Lake Matano remains sustainable.
This program encourages a shift from monoculture to polyculture
(agroforestry) and improves tourism management through local institutions. PT Vale also provides training for ecotourism managers. Now, the community is more professional
In addition to preserving the environment, this program also opens up new in managing tourism in Matano Village. The presence of PT Vale not only improves the economy
economic opportunities for the community. with more diverse sources of income, but also preserves the environment.”
Through watershed rehabilitation and training, the community now
-
implements sustainable agricultural practices and manages ecotourism
Amsal
professionally. This program not only reduces environmental impacts but also
Environmental Observer & Eco-Creative Manager
improves the welfare of the community around Lake Matano.
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Emissions and Energy Management
PT Vale implements a comprehensive greenhouse gas (GHG) technology currently used in Sorowako, supporting more reporting period, PT Vale recorded a total energy consumption
emission reduction strategy across the entire nickel matte sustainable nickel production and emission reductions. The of 31,785,655.01 GJ, with an energy intensity of 451.9 GJ/Ton Ni.
production chain. This strategy focuses on three main construction of the HPAL smelter in Bahodopi is scheduled to There was an increase compared to the previous year, which
aspects: energy efficiency, a transition to cleaner fuels, and begin in the fourth quarter of 2025. was caused by an increase in fuel oil (MFO) consumption to
the integration of low-carbon technologies. remove ore moisture in the drying kiln and reduction kiln. The
Through this strategy, PT Vale is not only reducing energy increase in ore moisture content is due to high rainfall with a
PT Vale is currently planning to optimize raw material demand but also decreasing reliance on fossil fuels and monthly average of 281.5 mm in 2024 compared to a monthly
management at the wet ore stockpile through a stockpile accelerating the transition toward more environmentally average of 240.0 mm in 2023. In addition, the nickel content of
redesign, aimed at reducing the moisture content of the friendly mining operations. This approach aligns with the the ore feed in 2024 is lower than in 2023 (1.75 Ni/ton compared
ore before it enters the drying process in the dryer kiln. This company’s long-term targets to reduce Scope 1 and 2 emissions to 1.76), so that to achieve the same results, more ore feed is
step is expected to reduce energy consumption during the by 33% by 2030 and achieve carbon neutrality by 2050. needed which ultimately requires more energy.
drying stage. In addition, PT Vale is transitioning from coal to
biocarbon and biofuel in the drying and reduction stages. This
initiative is further elaborated in PT Vale Indonesia’s emission
Energy Managment
[POJK51-F.6][SASB EM-MM-130a.1] Total Energy Consumption
reduction roadmap presented in the previous sub-chapter. (GJ)
Reducing fossil fuel consumption and increasing production
During the smelting process, PT Vale utilizes waste heat from efficiency are crucial steps in reducing the impact of climate 30.6%
exhaust gas and slag in the electric furnace, contributing change and supporting decarbonization efforts. Our energy
30.8% 9,725,374 GJ
9,551,444 GJ
to overall energy efficiency. Moreover, the use of electric consumption mainly comes from two nickel mining activities 31.1%
furnaces supports the reduction of the carbon footprint in and production processes. In Sorowako, most of the energy is 8,378,897 GJ
nickel matte processing. used for the nickel ore processing process to produce nickel 69.2% 69.4%
matte through RKEF technology. The reduction kiln plays a 68.91% 22,060,281 GJ
21,423,435 GJ
18,577,208 GJ
PT Vale, together with its partners, is also focusing on the significant role in this. The reduction kiln contributes about
development of low-carbon nickel ore processing facilities one-third of our total energy consumption, using coal and fuel
using high pressure acid leach (HPAL) technology in the oil (MFO) as the main fuel sources.
Bahodopi, Pomalaa, and Sorowako-Limonite projects, with
a production capacity of 300,000 tons of mixed hydroxide The calculation of energy consumption and intensity is carried 2022 2023 2024
precipitate (MHP) per year. This technology has a lower energy out by referring to the IPCC guidelines and using a specific Renewable Non-renewable
intensity compared to the rotary kiln electric furnace (RKEF) approach based on the ISO 50001 standard. In the 2024
92 Sustainability Report 2024
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Although these changes result in a temporary increase in energy In November 2024, the company conducted a trial of the use
intensity, PTVI continues to strive to balance operational of Hydrotreated Vegetable Oil (HVO), which has lower carbon
needs with long-term sustainability goals. To address this emissions than B35 even though its price is higher. The use of
challenge, we will implement an ore dewatering initiative in HVO is in line with the company’s decarbonization strategy and
2025 as previously explained, to reduce the moisture content is an important step in efforts to reduce the carbon footprint.
of the ore feed, thereby achieving energy efficiency. The By adopting HVO in the mining sector and testing its use on
dewatering process which includes drainage arrangements in heavy equipment, carbon emissions can be reduced by up to
the wet ore feed storage area and roofing to avoid additional 70%, and greenhouse gas emissions by up to 80% compared to
moisture content from rainfall can help manage the moisture conventional diesel fuel.
content in the wet ore storage area. In 2024, the intensity of
renewable energy usage reached 136.38 GJ/Ton Ni, an increase In addition, as previously mentioned, PT Vale is also conducting
of 1.82% from 133.94 GJ/Ton Ni in 2023. This achievement trials on biomass as an alternative energy source for power
reflects our dedication to encouraging the use of renewable plants, which is expected to expand the company’s renewable
energy and gradually reducing environmental impacts. In the energy portfolio in the future.[POJK51-F.5] [POJK51-F.7]
reporting year, PTVI did not calculate consumption outside the
organization.[GRI 302-1][GRI 302-2][GRI 302-3][GRI 302-4] For routine operations of the RKEF processing plant in
Sorowako, PT Vale utilizes renewable energy from three
During 2024, renewable energy contributed 30.6% of PT hydroelectric power plants (PLTA):
Vale’s total energy consumption. This reflects the company’s • Larona Hydroelectric Power Plant (3 x 68 MW)
commitment to reducing dependence on non-renewable • Balambano Hydroelectric Power Plant (2 x 68.5 MW)
energy by optimizing more environmentally friendly energy • Karebbe Hydroelectric Power Plant (2 x 65 MW).
sources. This year, PT Vale has completely switched to B35 and
no longer uses B30. B35 contributed 8.12% of the company’s These three hydroelectric power plants produce clean energy
total renewable energy consumption, indicating an increase in that covers 28.11% of PT Vale’s total energy needs. Not only
the use of vegetable oil-based biodiesel. meeting internal needs, the hydroelectric power plants also
donate 10.7 MW of electricity to the East Luwu region, as
In addition to B35, PT Vale is also exploring the potential use a strong commitment to increasing clean energy for the
of other renewable fuels, namely HVO as explained earlier. surrounding community. [POJK51-F.5] [SASB EM-MM-130a.1] [POJK51-F.7]
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GHG Emission Monitoring and Reduction[POJK51-F.11][POJK51-F.12][SASB EM-MM–110a.2]
The calculation of GHG emissions in Sorowako includes Scope 1, at 29.95 CO2e/ton, indicating an increase of 4.25% compared
which comes from fuel production and consumption activities, to the previous year. This increase was due to increased
Larona Hydroelectric Power Plant is the first and Scope 2 from electricity consumption. Currently, PT consumption of fuel oil (MFO) to remove ore moisture in the
in Indonesia to implement geomembrane Vale has not calculated Scope 3 emissions. However, in this drying furnace and reduction furnace. The increase in MFO
and geotextile-lined channels, increasing reporting year, we have started to develop tools and map consumption was due to increased ore feed moisture content
water retention and reducing leakage. This relevant emission sources as an initial step towards calculating due to higher rainfall and decreased nickel content compared
innovation increases the efficiency and Scope 3. We target to be able to calculate Scope 3 emissions to 2023 as explained in the previous sub-chapter.
resilience of hydropower plants, and sets a in the next 1-2 years, in line with our commitment to present
new benchmark for sustainable energy. complete and transparent emission reports across the value Therefore, we continue to innovate in efforts to reduce ore
chain. moisture content, including redesigning wet ore storage to
This underscores our commitment to increase natural reduction in moisture content. In addition,
environmental stewardship and continues The calculation results are expressed in tons of CO₂e and in accordance with the decarbonization roadmap, we are
to inspire future projects, strengthening our include conversions from non-CO₂ GHG emissions such as currently focusing on utilizing exhaust gas and converting coal
leadership in renewable energy. CH₄, N₂O, and HFCs. PT Vale does not calculate biogenic CO₂ to biocarbon. Going forward, we will continue to evaluate and
emissions. The calculation method refers to the energy develop innovations to ensure that emission intensity remains
consumption balance from fossil fuels and greenhouse gases, on target and can continue to be reduced. [GRI 305-4]
using a 2017 baseline and a Global Warming Potential (GWP)
index of 1. The guideline used is from the Intergovernmental
Panel on Climate Change (IPCC), with GWP referring to the
GHG Emission Production
fifth assessment report in 2014 (AR-5). [GRI 305-4]
To see the Organizational Energy Consumption Volume (GJ) by 0.1%
In 2024, PT Vale’s total GHG emissions from Scope 1 and Scope
energy source and usage, please refer to the data table in the
2 reached 2,135,742.00 tons of CO₂e. Of this amount, Scope 1
Organizational Energy Consumption Volume (GJ) section.
contributed 2,132,973.00 tons of CO₂e, while Scope 2 recorded
2,769 tons of CO₂e. This amount shows an increase of 6%
This report has not calculated the amount of energy reduction/
compared to the 2017 baseline of 2,013,950 tons of CO₂e.
efficiency from products/services sold in 2024. This is because [GRI 305-1] [GRI 305-2] [GRI 305-3] [GRI 305-5][SASB EM-MM-110a.1]
the delivery of nickel in matte uses vessels provided by the 99.9%
buyer, thus the calculation of energy based on the conversion Scope 1
In addition, PT Vale is committed to continuously monitoring
of fuel consumption volume is not the responsibility of PT
the intensity of GHG emissions to ensure that each operational Scope 2
Vale.[GRI 302-5]
location remains within the established emission limits or
targets. In 2024, our GHG emission intensity was recorded
94 Sustainability Report 2024
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GHG Emission Intensity
(Ton CO2eq/Ton Ni)
29.95
REALITAS Innovation: Energy Logic Cascade[GRI 305-5]
Efficiency in Nickel Smelting
Process[GRI 305-5]
29.1
PT Vale Indonesia implements the Nickel Slag PT Vale Indonesia Tbk (PTVI) uses coal and Marine
Level Engineering innovation in Electric Furnaces Fuel Oil (MFO) to generate heat in the nickel ore
28.73
(REALITAS) to improve energy efficiency in the smelting process. Coal also functions as a reducer
nickel smelting process. Previously, slag level in nickel refining. Previously, operators added coal
2022 2023 2024 measurements were carried out manually by manually by looking at the CO gas levels on the control
operators on the roof of the electric furnace. For screen. If combustion is not perfect, unburned coal
GHG Emission Intensity GHG Emission Intensity Trend Line
work safety, these measurements could only be increases, causing excess exhaust emissions and
carried out when the furnace was off during routine affecting product quality.
monthly maintenance. This data limitation resulted
in a suboptimal slag removal process, which resulted To overcome this, PTVI developed Logic Cascade, an
in increased electricity consumption. automatic system that regulates the air supply in the
combustion chamber. This system adjusts the speed
Emissions Containing Ozone Depleting As a solution, PT Vale implemented mechanized rod of the air fan for more efficient combustion, thereby
Substances (ODS)[GRI 305-6] measurement (MRM), a mechanical measurement reducing unburned coal, maintaining product quality,
system that allows remote monitoring of slag and reducing environmental impacts.
PT Vale does not use HCF-22 (CHF2Cl) freon without stopping furnace operations. With this
and has switched to more environmentally technology, measurements can be carried out every During 2024, the energy efficiency generated by
friendly freon. Most of the freon used is day, so that the production process becomes more this program was 346,413 GJ and a reduction in GHG
R32, which has an Ozone Depletion Potential controlled and energy efficiency increases. emissions of 33,285 TonCO2eq.
(ODP) value of 0. We routinely calculate the
use of freon, including it in the calculation of In 2024, the implementation of REALITAS has resulted
Greenhouse Gas emissions. in energy savings of 142,529 GJ, also encouraging an
increase in the use of renewable energy by 2%, which
contributes to reducing carbon emissions.
95 Sustainability Report 2024
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Non-GHG Emission Control through the comparison of the weight of SO2 emitted with the Particulate/ton of Ni), which is an indicator of performance in
[SASB EM-MM-120a.1][GRI 305-7] weight of the product produced, and is expressed in tons of reducing the environmental impact of our operations.
SO2/ton Ni.
The amount of particulate emitted in 2024 was recorded at
In carrying out our operations, PTVI is not only committed to
In 2024, the intensity of SO₂ emissions was recorded at 0.73 879 tons, an increase compared to 2023 which was 600 tons,
reducing GHG emissions, but also ensuring the management
tons of SO₂ per ton of nickel (Ni), a decrease of 2.7% compared or an increase of 46.5%. The results of particulate intensity
and control of non-GHG emissions produced. Non-GHG
to the previous year which reached 0.75 tons of SO₂ per ton of measurements also showed an increase, from 0.007 tons
emissions that are the company’s main focus include Sulfur
Ni. This achievement demonstrates our ongoing commitment of Particulate/ton of Ni in the previous year to 0.012 tons of
Dioxide (SO₂) and Particulates. In calculating non-GHG
to keeping emissions below the set threshold of 0.8 tons of Particulate/ton of Ni in 2024. As explained in the previous GHG
emissions, we follow the methodology set out in PERMEN
SO₂ per ton of Ni. Going forward, we will continue to strive to emissions section, this increase was influenced by a decrease
KLHK No.4/2014.
consistently reduce SO2 emissions by focusing on increasing in nickel levels in the feed. So to produce the same amount of
the efficiency of sulfur dioxide use. product requires more feed to be processed.
SO₂ Emissions
SO₂ emissions from operations come from the use of sulfur
Particulate Emissions To overcome this, in addition to existing programs, in the
in the sulfidization process during nickel ore processing and
PTVI continues to control particulate emissions through future PT Vale will initiate the Dust Agglomeration program,
the use of Marine Fuel Oil (MFO) and coal as energy sources.
monitoring and measurement in accordance with applicable where dust is compressed into pellets so that it can suppress
We have taken various steps to control these emissions,
government regulations. This activity focuses on emission the dust circulating in the pollution control device (dusting
primarily stabilizing the process in the reduction furnace to
sources from dryer kiln, reduction kiln, electric furnace, rate). In 2024, the development progress of this program
optimize sulfur use. The calculation of SO₂ emissions uses the
and product dryer. Measurement of particulate intensity reached 57%, consisting of studies, trials, and construction. It
mass balance method by determining the emission intensity
is expressed in tons of Particulate per ton of Ni (tons of is planned that this program can be fully implemented in 2026.
SO2 Emission Intensity Particulate Emission Intensity
(Ton SO2/Ton Ni) Ton Particulate/Ton Ni
0.012
0.009
0.75
0.73 SO2 Emission Intensity
0.007
0.72 Particulate Emission Intensity
SO2 Quality Standard
Particulate Emission Intensity
SO2 Emission Intensity Trend Line
2022 2023 2024 Trend Line 2022 2023 2024
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Baghouse Furnace Improvement on Electric Furnace No. 1 and 2
As part of the effort to reduce particulate emissions,
PT Vale implemented the Baghouse Furnace
Improvement program on Electric Furnace No. 1 and
2. Without an optimal filtration system, particulate
emissions from the smelting process have the
potential to increase, which can impact air quality
and operational efficiency.
Through this filtration system improvement,
emission control becomes more effective, reducing
dust accumulation, and ensuring compliance with
applicable environmental standards. In 2024, the
system improvement on Electric Furnace 2 succeeded
in reducing particulate emissions by 42 tons, and by
22 tons on Electric Furnace 1.
This initiative not only contributed to reducing
emissions, but also improved operational
performance by minimizing potential disruptions
due to particulate buildup. This step is in line with
the company’s commitment to implementing cleaner
and more sustainable industrial practices.
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Water and Effluent Management[GRI 303-1]
Water is a crucial component in all operational phases of PT Consequently, the PT Vale is committed to sustainably and Wastewater from various operational processes is collected,
Vale. We use water for ore processing, equipment cleaning, collaboratively managing water resources, protecting water analyzed in an internal laboratory, and monitored regularly
environmental management, industrial use, sanitation, and source sustainability, and ensuring fair utilization. PT Vale before being discharged into Lake Matano. This monitoring
human consumption. Our main water sources come from Lake manages the volume and flow of water for the operation of ensures that the effluents comply with quality standards as
Matano, Mahalona, and Towuti. PT Vale used most of the the hydroelectric power plant to ensure the sustainability stipulated in the applicable regulatory permits.
water for the operation of the Hydroelectric Power Plant in of the lake and its continued use by the community. This
the Larona River. Water from this lake flows into reservoirs at commitment also aligns with the status of the three lakes The flow rate of wastewater discharge is measured using
the dam before being directed to canals to drive the turbines. as part of the Natural Tourism Park Conservation Area, as direct measurement methods with periodically calibrated
All the water extracted is fully used in the operational process, designated by the Minister of Agriculture’s Decree No. 274/ instruments. All calculations and monitoring are based on
so the amount of water consumed is equivalent to the volume Kpts/Um/4/1979 dated April 24, 1979. the wastewater quality standards set by the Ministry of
of water taken from the source.[GRI 303-3] Environment Regulation No. 9 of 2006 and the provisions in
In managing water and effluent, PT Vale follows three key Decree No. 1295/MENLHK/SEKJEN/PLA.4/12/2023.[GRI 303-2]
We take water responsibly by regularly monitoring the principles: [GRI 303-4]
availability and quality of water and ensuring that we do 1. Participate in water management forums within the
not take from areas with shortages (water stress), while also operational and surrounding areas.
PT Vale is a pioneer in using Lamella Gravity
considering water clarity, employing efficient technologies, 2. Preserve the quantity and quality of both surface water
Settler (LGS) technology in mining and mineral
and implementing best practices to minimize environmental and groundwater.
processing. Developed in collaboration with
impact. Regular monitoring of water quality is also carried out 3. Promote continuous improvement in water and effluent
BPPT, this technology speeds up the process of
to ensure that no pollutants enter the lake.[SASB EM-MM-210b.1] management.
separating solid particles from water, making it
easier and more efficient to clean wastewater.
PT Vale understands that the water quality of Lake Matano To ensure that the water returned to the environment
With its ability to reduce pollutants such as Total
is affected by external activities and operational activities. meets quality standards, effluents from various operational
Suspended Solids (TSS) and hexavalent chromium
Therefore, we implement the Matano Iniaku program, which processes are collected and treated before being discharged
(Cr6+), the LGS ensures that the water discharged
not only focuses on the restoring of critical land but also into Lake Matano. One of the systems employed is called the
into Lake Matano meets environmental quality
involves the community in polyculture farming, ecotourism, Lamella Gravity Settler (LGS), which serves as a final collection
standards. This reflects PT Vale’s compliance
and agricultural product processing. The goal is to maintain and processing unit before the effluents are discharged
with environmental regulations and its ongoing
the quality of the lake’s water, empower the community, and into Lake Matano. This process involves several key stages,
efforts to protect water quality and maintain the
promote better environmental management. including sedimentation, solid particle separation, and further
sustainability of the lake’s ecosystem.[GRI 303-1]
treatment to reduce pollutant levels such as Total Suspended
This lake is also utilized by the local community for daily needs, Solids (TSS) and hexavalent chromium (Cr6+).[GRI 303-4] [GRI 14.6.1]
livelihoods as fishermen and farmers, and for transportation. [GRI 14.6.2]
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PT Vale carefully manages and tracks water use by creating PT Vale is investing in expanding the water monitoring
a Water Resources Committee and using the SWAP (Steam, network, recycling effluents, using the latest technologies,
Responsible Effluent Management
Water, Air, and Power) online system. SWAP allows for and conducting studies to improve sustainable water
A study carried out in 2023 at PT Vale’s mining area in
real-time monitoring of water usage, thereby helping to management. These efforts take into account the limits of
Sorowako, which is still valid today, found that there is no
enhance efficiency and ensure more accurate management. water extraction in the operational and surrounding areas
risk of acid mine drainage (AMD) forming at the site. This has
of PT Vale, and align with the principles of the International
been confirmed by the absence of rocks that could produce
We also involve local communities in monitoring water quality, Council on Mining and Metals (ICMM).
AMD in the mining area. AMD is a primary concern in the
particularly in areas that may be affected by operational
industry, as it can harm ecosystems and water sources such
activities. During regular meetings with representatives of This calculation of water consumption and intensity refers
as rivers, lakes, and groundwater. Therefore, responsible
key water users and the community, we discuss progress of to the reporting methodology of the International Council
environmental management, particularly liquid waste, is of
the monitoring, which are then reported annually to the on Mining and Metals (ICMM). In 2024, our total water
utmost importance.[SASB EM-MM-160a.2]
Sustainability Committee. This step ensures transparency consumption was recorded at 8,498,939 m³, an increase of
and accountability, while also strengthening the role of the 12.4% compared to the previous year. The intensity of water
community in jointly maintaining water quality. use also increased by 12.3%, from 106.9 m³/ton Ni to 119.18 m³/ Water Consumption Volume
ton Ni. As explained in the emissions sub-chapter, the decrease (m3)
To realize this commitment, PT Vale has established the 2030 in nickel content in 2024 resulted in the need for a larger feed
Water. The goal is to reduce the direct use of freshwater for to produce an equivalent volume of nickel (matte) product. 8,519,761 8,498,939
7,561,108
each ton of production, meaning we aim to use water more This condition also drove an increase in the intensity of water
efficiently without affecting production levels. This target consumption throughout the year.[POJK51-F.8] [GRI 303-3]
helps Sustainable Development Goal (SDG) No. 6, which focuses [GRI 303-5][SASB EM-MM-140a.1]
on ensuring the availability and sustainable management of
water and sanitation for everyone. Nevertheless, we remain committed to maintaining and 2022 2023 2024
improving the efficiency of water use through various Water Consumption Water Consumption
To achieve the Water Intensity Reduction Target for 2030, innovations and developments that focus on the application Volume (m3) Trend Line
PT Vale is implementing several measurable initiatives, of water recycling in the production process. One of the
including:[GRI 303-1] initiatives that we have implemented is the utilization of Water Consumption Intensity
recycled water from Lamella Gravity Settler as raw material (m3/Ton Ni)
• Improving water use efficiency in plants, mining operations, for Ferrousulphate solution, with a total utilization of 510
offices, and supporting facilities by 1% each year. m³. This step is in line with our commitment to strengthen
141.8
• Reducing the pollution load from wastewater generated by sustainable water management and reduce dependence on 119.18
company operations and surrounding community activities, water resources from the environment (fresh water). In the 106.9
with targets to decrease Total Suspended Solids (TSS) by 30 future, we will also study the potential for implementing this
tons per year and hexavalent chromium (Cr6+) by 0.05 tons water recycling in the nickel slag cooling process and the ore
per year. screening process at the screening station.
2022 2023 2024
Water Consumption Intensity Water Consumption Intensity Trend Line
99 Sustainability Report 2024
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We are committed to protecting the environment by making (50,716,130 m³), Lake Matano (25,639,690 m³), Lake Mahalona Petea West (13,099,563 m³), and Petea East (11,900,854 m³). At
sure all liquid waste meets quality standards. We regularly send (20,648,522 m³), and the Salo Lamunto River (3,705,430 m³). In these sites, TSS concentrations ranged from 9.01 to 11.84 mg/L
samples of treated wastewater to accredited independent the reporting year, there was no discharge of water originating (with a quality standard of 200 mg/L), while the levels of Cr
labs for testing, using methods based on SNI 6989.59:2008 from third parties or water transferred to third parties. Total, Cr6+, Fe, and Ni also remained within the established
and standard APHA procedures. This process is designed to limits. Further data on wastewater quality measurements at
ensure the accuracy and independence results, confirming In Sorowako, we monitor the quality of wastewater before it each location can be found in the Data Table chapter under the
that our management practices fully comply with the required is released into water bodies through 11 monitoring points to Results of Effluent Quality Measurements for 2024.[POJK51-F.13]
standards and do not negatively impact the surrounding measure the concentration of Total Suspended Solids (TSS),
environment.[SASB EM-MM-140a.2] Total Chromium (Cr Total), Hexavalent Chromium (Cr6+), Iron Through the implementation of a comprehensive monitoring
(Fe), and Nickel (Ni). Wastewater quality checks at various system and sustainable wastewater management, we ensure
As part of our responsible water management system, we also sites in 2024 showed that all results stayed within the allowed that all our operational activities are conducted in accordance
measure the total effluent discharge from our operations. In limits. [SASB EM-MM-140a.2] with sustainability principles and comply with applicable
2024, a total of 100,709,801 m³ were discharged into various environmental regulations.
water bodies in accordance with applicable regulations and Several monitoring locations with the largest volumes of
permits. The majority was discharged into the Petea River processed wastewater include Petea Far East (38,815,275 m³),
Intelligent Coagulant for Mine Water Overflow Control Sensor in Matte Pond Substitution of Cooling Water with Air in
Treatment (INCO MATTE) (POLICE SENSOR in MP) Furnace 4 (SUPER FURNACE 4)
PT Vale has implemented the INCO MATTE system to In the smelting cooling system, PT Vale Indonesia utilizes PT Vale Indonesia has developed the Super Furnace 4
optimizing the mine water treatment process through circulating water between the matte pond, cooling tower, innovation to reduce water consumption in the cooling
automates the dosing of coagulants (FeSO₄) based on and furnace. Previously, operators added make-up water process of Furnace 4. In the past, this furnace required
the inflow of water into the sediment pond system. manually, which often led to overfilling and waste. To a large amount of water to maintain its temperature.
Previously, this dosing was adjusted manually, posing a risk solve this, PT Vale has implemented the automatic POLICE With this new innovation, PT Vale now uses air blown in
of over- or under-dosing coagulants, which affects the SYSTEM in MP, a water level sensor that alerts operators by blowers instead, which has greatly reduced water use.
quality of the discharge water. With this innovation, the to manage water addition more efficiently. This innovation This implementation successfully saves 22,536 m³ of water
use of coagulants has become more precise, successfully has reduced water consumption by 133,540 m³ per year per year while improving operational efficiency.
reducing Cr6+ levels by 0.11 tons of Cr6+, maintaining pH while enhancing the efficiency of the cooling system.
balance, and decreasing pollutant loads such as TSS and Fe
by 87 tons of TSS.
100 Sustainability Report 2024
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Waste Management[SASB EM-MM-150a.4][GRI 306-1] [GRI 306-2]
PT Vale is committed to reducing waste production through Activities Types of Waste Waste Management[GRI 306-4]
comprehensive environmental management. We aim to
achieve zero waste to landfill by 2025, five years earlier Production Used oil and grease Used as a fuel substitute. The entire amount of used oil produced,
than the government’s target. This goal is being achieved (equipment which is 1,107 tons, has been reused.
by optimizing waste management across all areas of our maintenance)
operations, including mining, production, support activities, Produksi • Used lubricants and oils Sent to third parties.
and domestic waste. (pemeliharaan • Used batteries
peralatan) • Waste contaminated with heavy metals
The solid waste generated at our operational sites is • Asbestos waste
categorized into two main types: hazardous and toxic waste • Health care waste (incinerator ash)
(B3) and non-B3 waste. To manage waste responsibly, PT Contaminated waste
Vale has developed a comprehensive strategy focused on • Lubricants and waste
prevention, reduction at the source, reuse, recycling, and • Special waste
recovery (the 4Rs) to minimize the amount of waste sent for
final disposal. All waste management data is recorded and Health Services Medical Waste Processed internally in a licensed incinerator (RS INCO). The
reported through the Simpel and SiRaja systems managed by incinerator ash is then sent to a licensed third party.
the Ministry of Environment and Forestry. Mining Overburden Overburden, including topsoil, is used as backfill material in areas
that have been mined and then rehabilitation activities are carried
During the reporting period, no hazardous waste (B3) was sent out.
internationally, and there were no significant spills of waste
materials that could harm the environment. Additionally, as Production • Furnace Slag Nickel slag is used as a construction material for the top layer of
previously explained, PT Vale employs a Reduction Kiln Electric Activities • Converter Slag special mining roads. In 2024, PTVI has utilized 377,964.29 tons of
Furnace (RKEF), which does not produce tailings waste. [POJK51-F.14] nickel slag. This utilization has been approved by the government
[POJK51-F.15][GRI 306-2][GRI 306-3][GRI 306-4][GRI 306-5][SASB EM-MM-150a.5][SASB EM-MM-150a.9] based on the Technical Details Document for Registered Non-B3
[SASB EM-MM-150a.10][SASB EM-MM-540a.1][SASB EM-MM-540a.2][SASB EM-MM-540a.3] Waste Management for Non-B3 Waste Utilization Activities with
Decree Number SK 1295/Menlhk/Setjen/PLA.4/12/2023.
The following table summarizes the types of waste generated Supporting • Non-industrial household waste Reused and recycled, both internally and by third party entities.
by various activities, along with their management methods: Activities • Industrial household waste
[GRI 306-1][GRI 306-3][GRI 306-4][GRI 306-5]
• Metal waste generated
101 Sustainability Report 2024
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Hazardous Waste[GRI 306-1]
In managing hazardous and toxic waste, PT Vale complies with Additionally, we also produced medical waste totaling 10.21 waste that has been reused consists entirely of used oil and
all applicable regulations to prevent harm to human health tons, used batteries amounting to 30.38 tons, and other types grease, which have been repurposed as a substitute for fuel
and the environment. We refer to the Ministry of Environment of special waste. More detailed information regarding the after undergoing processing in accordance with licensing.
and Forestry Regulation No. 18 of 2020 on hazardous and composition of hazardous and toxic waste is available in the
toxic waste management, as well as Regulation No. 6 of 2021, Waste Production Data Table. [SASB EM-MM-150a.7] Meanwhile, 1,589.6 tons of non-processed waste were
which outlines procedures and requirements for handling such disposed of in landfills in accordance with applicable
waste. Every step of the process—from reduction, storage, The amount of hazardous and toxic waste increased by 32.1% regulations. Medical waste is managed specifically through
and transportation to reuse and treatment—is carried out compared to the previous year. This rise was mainly due to an incineration process at the INCO hospital, which is properly
carefully to avoid pollution. All hazardous and toxic waste is increased production activities, including maintenance work licensed, with the resulting ash and other hazardous materials
managed by authorized and competent third parties to ensure at factory facilities, such as relining the walls of converters. As handed over to a licensed third party for further management.
full regulatory compliance. a result, more solid waste contaminated with heavy metals— [SASB EM-MM-150a.8]
such as used refractory materials—was generated. According
In 2024, we generated 2,696.6 tons of Hazardous and Toxic to regulations, this type of waste is classified as hazardous and In addition, waste from supporting activities is also recycled
Waste from production activities. The largest type of B3 waste toxic waste. and reused, both within the company and through licensed
produced was used oil and grease, amounting to 1,135.5 tons, third-party vendors responsible for waste management. [GRI
followed by waste containing heavy metals at 934.96 tons, Out of the total waste generated, 1,107 tons of B3 waste has 306-3] [SASB EM-MM-150a.7] [SASB EM-MM-150a.8]
and waste contaminated with oil and grease at 525.27 tons. been managed according to the applicable regulations. The
Hazardous and Toxic Waste Production Waste by Composition
(Tons) (Tons)
Medical Waste 10.21
2,696.6 Special Waste 54.48
1,865.3 2,041.0 Waste contaminated with oil and grease 525.27
Healthcare waste (incinerator ash) 3.79
Asbestos waste 2.04
Hazardous and Toxic
Waste Production
Waste containing heavy metals 934.96
Hazardous and Toxic
Waste Production Used batteries and batteries 30.38
Trend Line
Used oil and grease 1,135.5
2022 2023 2024
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Reusing Used Oil as Fuel Substitute in Dryer Optimizing Engine Oil Replacement with and Reduction Kiln Centrifugal Filter (OPO-Center) The used oil utilization program as a substitute fuel for the Dryer and Reduction Kiln aims This program was developed to enhance efficiency in engine oil usage. Through this to optimize the use of waste generated from workshop areas and maintenance activities of technology, the lifespan of the oil can be extended, significantly reducing the frequency heavy equipment and light vehicles. By utilizing used oil as an alternative fuel, this program of oil changes. This directly impacts the reduction of hazardous waste generated not only supports energy efficiency in the company’s operations but also contributes to and improves resource efficiency. The innovation also contributes to the company’s reducing the amount of hazardous waste sent to licensed third parties. Moreover, this operational efficiency by lowering the need for new oil purchases and supporting more initiative aligns with the principles of a circular economy by promoting resource reuse sustainable environmental management practices. In 2024, the program successfully and supporting proper waste management practices. In 2024, the program successfully reduced hazardous waste by 4 tons. reduced hazardous waste by 1,107 tons. 103 Sustainability Report 2024
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Non-Hazardous Waste [GRI 306-1][GRI 306-2] As previously explained, all non-hazardous waste with potential for reuse has been used in accordance with
[SASB EM-MM-150.a.6] applicable regulations. In 2024, PTV reused nickel slag totaling 377,964.29 tons. This nickel slag was used as a
construction material for the surface layer of specialized mining roads. Additionally, waste generated from
supporting activities is also recycled and reused, both within the company and through partnerships with
PT Vale bases its non-hazardous waste management on the Regulation of the
licensed third-party waste management providers. [GRI 306-3][SASB EM-MM-150a.7]
Minister of Environment and Forestry (LHK) No. 19 of 2021, which outlines the proper
handling of non-hazardous waste. It is necessary to manage this non-hazardous
waste to create a clean and healthy environment for ourselves and the surrounding
community.
Below are the details of our non-hazardous waste production based on activity and
Turning Organic Waste into Animal Feed with Tiered
type: Biopond Innovation (TRAMPIL WOLIKO)
Activities Type of Waste Unit Total
PT Vale has launched the TRAMPIL WOLIKO program to improve how organic waste is managed
Mining Activities Topsoil WMT 371,243.67 by using Black Soldier Fly (BSF) larvae. Due to the rapid growth of BSF larvae, a large number
(Mine Waste) of bioponds are needed, which can take up a lot of space. To overcome this, PT Vale developed
tiered bioponds made from used wooden pallets to save space. In 2024, this innovation helped
speed up the breakdown of organic waste and increase the BSF population. The larvae are then
Mining Activities Overburden WMT 36,012,124.64 used as animal feed by the Woliko Berkembang farmer group. During the reporting year, the
(Mine Waste) program successfully processed 5.60 tons of organic waste.
Production Activities Furnace Slag Tons
(Smelting Activities) 4,212,058
Track Shoe Regrouser
Production Activities Converter Slag Tons 380,417
(Smelting Activities) The Track Shoe Regrouser Program PTVI’s initiative aimed at extending the service life of
bulldozer track shoes by adding plates to the worn grouser sections. This initiative was driven by
Supporting Activities Non-industrial waste Tons 1,461 the high volume of scrap metal waste generated from full track shoe replacements, even though
generated. other components remained usable. In 2024, the program successfully reduced non-hazardous
waste by reutilizing 60 tons of scrap metal.
Supporting Activities Industrial household waste Tons 5,906
generated.
Supporting Activities Scrap metal waste Tons 6,347
generated
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Vale Goes to School at SMPN 1 Baula: Building Environmental Awareness Early
The issue of waste, particularly plastic waste, poses a serious challenge for
Indonesia, impacting both ecosystems and public health. In response to this
situation, PT Vale Indonesia Tbk (PT Vale) has demonstrated its commitment
to environmental sustainability through various initiatives, including the
educational program “Vale Goes to School.” Targeting elementary and
middle school students, this program aims to cultivate environmentally
conscious future generations. Through educational activities conducted in
several schools in the Pomalaa area, students are taught creative ways to
manage organic and inorganic waste, such as turning it into compost and
crafting handicrafts from plastic waste.
In addition to educational initiatives, PT Vale also implements environmental
management practices in its operational areas, such as maggot cultivation to
process organic waste and recycling inorganic waste into reusable products.
As part of its sustainable mining commitment, PT Vale is developing a
5-hectare nursery at Kolaka Botanical Garden, with the capacity to grow
up to one million seedlings per year. These seedlings will be used for
post-mining land reclamation to help restore the land’s ecological function.
Moving forward, PT Vale plans to expand this program to more schools,
create more interactive learning materials, and partner with local
environmental organizations. Through these collaborative efforts, PT Vale
continues to inspire community awareness and involvement in protecting
the environment for a better future.
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Biodiversity Protection[POJK51-F.10]
PT Vale recognizes that biodiversity is a vital component of 3. Restore: Conducting rehabilitation and restoration of functions and sustainability of habitats around those water
healthy ecosystems and provides irreplaceable ecological, affected environments to restore ecosystem functions. bodies. Additionally, we also ensure that karst zones remain
social, and economic benefits to surrounding communities and 4. Offset: As a last resort, we compensate for ecological free from mining activities due to their fragile ecological and
the environment. As a mining company, our operations have losses through appropriate compensation programs. hydrological characteristics, which are critical for biodiversity
the potential to affect biodiversity and ecosystems around our conservation
sites—through habitat changes, ecosystem fragmentation, To avoid impacts on biodiversity, PT Vale has established buffer To further minimize impacts, we reduce the amount of
species population decline, environmental pollution, and the zones in the lake shore area as protected areas where mining disturbed land through progressive reclamation, carried
possible introduction of invasive species. activities are not permitted, in order to preserve the ecological out in line with our Reclamation and Post-Mining Plan and
Many of our mining areas are located within or near forested
regions with high ecological value, which offer essential
ecosystem services such as clean water supply, carbon The Mitigation Hierarchy for Managing Biodiversity Risk
absorption, and habitats for diverse species. Given these
considerations, we are committed to aligning our operations Additional
Net positive
with biodiversity conservation principles and minimizing impact conservation
actions
impacts, particularly in or near protected areas.[GRI 304-2]
Residual Offset Offset
PT Vale integrates sustainability principles into the protection
and preservation of biodiversity from mining impacts. As part Biodiversity
+ impact
No net loss
-
of this effort, we continuously explore the application of the values
Biodiversity Biodiversity Biodiversity Biodiversity
“no net loss” and “net positive impact” principles. In line with impact impact impact impact
our Sustainability Policy, we also commit not to develop new
mines in protected areas without prior government approval. Restoration Restoration Restoration
[GRI 101-1]
Minimization Minimization Minimization Minimization
In managing impacts on biodiversity, we adhere to the
following mitigation hierarchy [GRI 101-2]: Avoidance Avoidance Avoidance Avoidance Avoidance
1. Avoid: Selecting locations and technologies that minimize Image adapted from:
impacts on biodiversity from the planning stage. UN Global Compact and IUCN 2012 Publication: A Framework for Corporate Action on Biodiversity and Ecosystem Services (pg. 14)
2. Minimize: Reducing impacts during the design and
construction phases through best practices and
technological innovations.
106 Sustainability Report 2024
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Government Regulation No. 78 of 2010. This approach involves 3. Establishment of the Sawerigading Biodiversity Park 2. Breeding of 22 local Timor deer (Cervus timorensis).
integrating mining and reclamation plans using a compart- as a conservation center for flora, particularly pollina- 3. Restoration and rehabilitation of 204 hectares of
mentalized system to optimize land restoration through tor-dependent plants, and as part of a local butterfly mangrove ecosystems, by planting Rhizophora species.
backfilling. More details on this are provided in the next conservation initiative.
section. 4. Upgrading the Timor deer (Rusa timorensis) breeding These initiatives are part of our broader commitment to reduce
program to a specialized wildlife conservation center, the negative impacts of mining and ensure the long-term
As part of our biodiversity conservation efforts, we begin by currently under review by the Natural Resources sustainability of ecosystems around our operations. As part
conducting flora and fauna inventories to gather baseline Conservation Agency (BKSDA). of our continued improvement efforts, PT Vale will conduct a
data before mining begins. To address potential species-re- 5. Designation of the Himalaya reclamation area as an comprehensive study in 2025 to develop a detailed biodiversity
lated impacts, we also implement several ex-situ conservation arboretum on post-mining land. conservation strategy, supporting our step-by-step goal to
programs, including:[GRI 101-6][GRI 101-8] achieve no net loss and ultimately a net positive impact on
1. Conservation of native tree species through the collection In 2024, PT Vale undertook the following biodiversity biodiversity.
of seedlings at various growth stages (seedling, sapling, restoration actions:
and pole) for planting and maintenance in an arboretum. 1. Replanted 67,903 native trees across 62 hectares of
2. Application of root-balling techniques for local seedling rehabilitated mining land, representing 34 species,
production, with geo-tagging used for monitoring their including Nyatoh, Bitti, Betau, Dengen, Agathis,
growth and survival in rehabilitation areas. Jamu-jambu, and Mata Kucing.
As a tangible manifestation of its commitment to The park was officially designated by PT Vale
biodiversity conservation, PT Vale has designated in August 2024 and later formalized through
the Sawerigading Wallacea Biodiversity Park East Luwu Regent Decree No. 54/D-05/II/2025.
(Kehati) as a special area for conservation, The Sawerigading Wallacea Biodiversity Park
education, and recreation functions. Spanning an not only reflects the company’s commitment
area of ± 71.8 hectares, this park serves as a home to environmental protection but also opens
for various local plant species, a breeding ground opportunities for learning and public engagement
for Timor deer (Rusa timorensis), as well as a in preserving local biodiversity.
conservation site for local and endemic butterflies.
107 Sustainability Report 2024
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Cocogrow for Accelerated Dengen Conservation PT Vale’s Climate Action: 1,000 Mangrove
(Dillenia celebica and Dillenia serrata) Saplings and Crab Release
In 2024, PT Vale developed the Cocogrow Program to accelerate the conservation of To celebrate World Ozone Day, PT Vale held an environmental event on September 28,
Dengen (Dillenia celebica and Dillenia serrata)—endemic plant species from Sulawesi 2024, in Pasi-pasi Village, Malili, East Luwu. The company planted 1,000 mangrove trees
listed as Endangered on the IUCN Red List. Previously, Dengen propagation relied on (Rhizophora mucronata and Rhizophora aviculata) and released mud crabs to help restore
conventional generative methods using seeds and seedlings, which posed genetic and protect the coastal ecosystem.
uncertainty and required over a year to produce plantable saplings.
The activity brought together local residents, the East Luwu Government, the Indonesian
To overcome these challenges, PT Vale collaborated with researchers from Hasanuddin Marine Conservation Foundation (YKCLI), and the Coastal and Marine Resource Agency
University to develop a vegetative propagation technique using grafting, with a (BPSPL) Makassar. During the event, PT Vale also opened a 100-meter mangrove trail to
growing medium composed of cocopeat and nutrient-rich coconut water. This method educate people about the importance of caring for the coast and protecting the ozone
significantly accelerated root formation, enabling the plants to be ready for planting in layer.
just three months, while maintaining genetic consistency with the parent plants.
PT Vale is committed to protecting biodiversity and reducing carbon emissions, with the
In addition to contributing to the “No Net Loss Biodiversity” target, the program also goal of creating long-term benefits for the environment and future generations.
generated economic value through industrial symbiosis. PT Vale teamed up with the Fruit
Growers Association (GAPETAB) in Towuti subdistrict as the cocopeat supplier, generating
an annual income of IDR 78 million, projected to increase to IDR 99.5 million over the next
five years. Furthermore, the HIPHO (Organic Herbal Enthusiasts Group) processes Dengen
fruit into herbal drinks, with an annual sales potential of IDR 57.15 million from 5,715
packaged juice products.
108 Sustainability Report 2024
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Land Reclamation and Rehabilitation CoW[SASB EM-MM-160a.1
Land Rehabilitation Part of the operational area is within protected forest zones, This year, land reclamation took place in three mining blocks
and for activities in these zones, the company has obtained in Sorowako, covering a total of 178.98 hectares. This included
PT Vale is committed to promptly rehabilitating areas a Forest Area Use Permit (IPPKH) from the Ministry of 75.69 hectares in the West Sorowako Block, 38.45 hectares
that have been mined to minimize environmental impact. Environment and Forestry in accordance with applicable laws in the East Sorowako Block, and 64.85 hectares in the Petea
Beyond reducing environmental effects, rehabilitation aims and regulations. Additionally, the operational area is not within Block. The total area reclaimed was 20.3% less than the
to restore land functions to their intended purposes and active conflict zones.[GRI 304-1][GRI 101-5][SASB EM-MM-160a.3][SASB EM-MM-210a.1] previous year’s 224.4 hectares. This decrease was mainly due
enhance ecological value by maintaining biodiversity. Effective to fewer mined areas being available for rehabilitation than
rehabilitation is crucial to minimize environmental impacts and Regarding contract transparency, the complete documents initially planned.
prevent long-term risks such as landscape degradation, loss of of the IUPK and other permits are not publicly available due
endemic species, and adverse social effects on surrounding to legal provisions and confidentiality clauses applicable in Out of the total land reclaimed in 2024, 38.74 hectares were
communities. the mining sector in Indonesia. Nevertheless, PT Vale remains carried over from unmet reclamation targets in 2023, based
committed to information transparency and regularly discloses on the 2024 integrated evaluation by the Directorate General
To ensure the sustainability of rehabilitation efforts through updates on its permit status and operational activities through of Mineral and Coal at the Ministry of Energy and Mineral
to post-mining stages, PT Vale has developed a rehabilitation official press releases and public disclosures published on the Resources. As a result, the actual area successfully reclaimed
and mine closure plan approved by the Ministry of Energy and Indonesia Stock Exchange (IDX) website.[GRI 14.22.5] in 2024 was 140.24 hectares—about 52% of the 265-hectare
Mineral Resources (ESDM). This plan is periodically updated to target outlined in the 2023–2025 Reclamation Plan.
remain compliant with regulations and current field conditions. As part of its impact mitigation strategy, PT Vale strives
The Ministry of ESDM also conducts regular monitoring and to minimize the area of land opened each year. During the The reclamation area target for 2024 was not achieved due
evaluation to ensure that success criteria are met before reporting period, 177.70 hectares of new land were cleared for to the initial reclamation plan not accounting for the use of
the land is handed over to the government. Success criteria mining operations in Sorowako. By the end of 2024, the total limonite material as feed for the HPAL processing technology
include land management, revegetation, and final closure in land area used for mining reached 5,895.4 hectares. Of this, to produce MHP. The utilization of limonite, previously
accordance with applicable approvals and regulations.[GRI 14.8.4] 3,791.1 hectares have been progressively rehabilitated, leaving considered as overburden and left unused, was introduced
[GRI 14.8.5]
2,104.3 hectares still open. For a detailed breakdown of land as a mineral conservation initiative in 2024. This shift has
disturbed and rehabilitated over the past three years, please resulted in prolonged backfilling activities due to the reduced
As previously explained, PT Vale Indonesia Tbk’s mining refer to the Data Table section of this report. In the Bahodopi availability of overburden material, which in turn has extended
operations are located within a concession area held under a and Pomalaa areas, no land has been cleared for mining the time required for landfills (disposal areas) to be ready for
Contract of Work (CoW) with the Government of the Republic activities yet; land clearing in these areas has been limited to rehabilitation. In response to this situation, PT Vale submitted
of Indonesia, amended in 2014 and subsequently updated construction purposes only.[GRI 101-5] [GRI 101-7] a request to revise the reclamation plan in August 2024, which
through the issuance of a Special Mining Business License is currently under review for approval.[GRI 14.8.6]
(IUPK) on May 13, 2024. This IUPK extends the license period
until December 28, 2035.
109 Sustainability Report 2024
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formal handover of watershed rehabilitation areas from By the end of 2024, PT Vale had planted and maintained 6,829
Watershed Land Rehabilitation PT Vale to the Ministry of Forestry. This batch included hectares of watershed land. Since 2012, the company has
Outside the Contract of Work (CoW) areas in East Luwu, North Luwu, Luwu, Tana Toraja, North rehabilitated a total of 17,264 hectares of watershed areas.
[GRI 304-1][SASB EM-MM210a.1][SASB EM-MM-160a.3] Toraja, Enrekang, Pinrang, Soppeng, Bone, Barru, Maros,
Gowa (including Gowa 2), and Takalar. To support the success of this program, PT Vale and its
[POJK51-F.9]
2. South Sulawesi – Batch 2: Planting and initial maintenance stakeholders conducted field visits (Gemba) to several
(P0) took place on 4,230 hectares across several districts, locations, including Marinding and Burasia Villages in Tana
Beside rehabilitating mined land, PT Vale also carries out including Barru, Bone, Enrekang, Gowa, Jeneponto, Toraja (South Sulawesi), and Tanglad Village in Klungkung (Bali).
reforestation and greening efforts outside of its mining Pare-Pare City, Luwu, East Luwu, Pinrang, Sidenreng During these visits, stakeholders gave input on how to improve
areas, focusing on degraded land and watershed areas (DAS), Rappang, Tana Toraja, and Wajo. coordination, adjust technical plans based on site conditions,
in accordance with Indonesia’s Ministry of Environment 3. Central Sulawesi: P0 planting and maintenance covered select suitable plant species, and involve local communities in
and Forestry Regulation No. 59 of 2019. These rehabilitation 2,310 hectares—17 hectares in Palu and 2,293 hectares in the rehabilitation process.
efforts cover 18 districts across four provinces: South Sulawesi, Tojo Una-Una.
Central Sulawesi, West Java, and Bali. 4. West Java: First-year maintenance (P1) was conducted To see the distribution of locations and areas of watershed
across 435 hectares in Sumedang, Pangandaran, and rehabilitation, see the Data Table Chapter.
In 2024, PT Vale’s watershed rehabilitation activities Tasikmalaya.
progressed through several stages: 5. Bali: Planting and P0 maintenance were carried out over
1. South Sulawesi – Batch 1: Plant geotagging was conducted 75 hectares in Klungkung District, specifically in the
across 10,000 hectares to support the assessment and Tabuna Watershed.
PT Vale Rehabilitates Watersheds in Tana Toraja
On January 15–16, 2024, PT Vale Indonesia Tbk (PT Vale) carried out the second
phase of its watershed (DAS) rehabilitation program in Tana Toraja as part of
its Forest Area Utilization Permit (IPPKH) obligations. In collaboration with the
Research and Community Service Institute (LPPM) of Hasanuddin University,
the rehabilitation covered 214 hectares across three blocks—Marinding, Airport
Authority, and Burasia—by planting 424,000 tree seedlings. These included
eucalyptus, tropical almond (ketapang kencana), white teak, and mango. Not only
restoring the watershed’s ecological function, the program also involved local
communities in the planting and maintenance activities, providing them with
additional income through non-timber forest products.
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PT Vale and Local Government Plant 700 Tree Seedlings in Nuha Riparian Rehabilitation at Lamoare River On April 24, 2024, PT Vale, in partnership with the local government, planted 700 On July 23, 2024, PT Vale planted tree and fruit seedlings along the banks of the Lamoare tree seedlings in Alur Langolia, Nuha District, East Luwu, as part of post-mining land River in Sorowako, in celebration of National Nature Conservation Day (HKAN) 2024. This rehabilitation efforts. The initiative aims to restore degraded land, prevent erosion, and activity was aimed at preventing erosion, protecting river ecosystems, and supporting improve environmental quality. In the initial stage, 50 seedlings—such as guava, mango, water quality in Lake Matano. Fruit-bearing trees were chosen to offer both environmental and durian—were planted, with more to follow after a land condition assessment. The and economic benefits to nearby communities. The initiative was supported by local local government welcomed this initiative as a shared commitment to environmental authorities and underscored the importance of cross-sector collaboration in sustaining conservation and encouraged community participation in nature preservation efforts. environmental conservation. 111 Sustainability Report 2024
Page 113
Post-Mining Planning[GRI 402-1] [GRI 14.8.2] [GRI 14.8.4]
PT Vale Indonesia (PTVI) has not yet entered the post-mining Estimated Mine Life (LOM)
phase, however, as a commitment to mine closure and land [GRI 14.8.7]
rehabilitation, PT Vale updated its Post-Mining Plan (RPT) in
As part of its long-term planning and operational sustainability,
2022. This document encompasses the entire operational area
PT Vale Indonesia continues to manage mineral resources
in Sorowako and has been communicated to stakeholders,
responsibly to ensure optimal and sustainable utilization. The
as well as approved through the Letter of Approval for the
estimated mine life is a crucial factor in operational strategy
Revised Post-Mining Plan and Establishment of Post-Mining
and investment planning, including the establishment of
Guarantees for PT Vale Indonesia Tbk Sorowako Block, Number
financial provisions for future mine closure.
T-2204/MB.07/DJB.T/2023. [GRI 14.8.5]
The RPT includes various activities and recovery plans as part
of the company’s commitment to responsible and sustainable
mining practices. To support the implementation of these
plans, PTVI has also provided a mine closure guarantee through
a financial provision of US$69,870,161, which is recorded in the Estimated
company’s financial statements. [GRI 14.8.8]
Mine Lifespan
In addition to financial provisions, the Mine Closure Plan
(RPT) also includes non-financial provisions, such as the
management of employee layoffs in accordance with applicable 2045 Sorowako
labor regulations. PT Vale provides fair compensation and en-
trepreneurship training for affected employees. The layoff
process is conducted in coordination with the government, 2044 Bahodopi
early socialization, and the fulfillment of employee rights. The
RPT also encompasses the development and empowerment
of local communities through support for rural development 2045 Pomalaa
initiatives, strategic partnerships in education and healthcare,
as well as support for social, cultural, and religious activities.
[GRI 14.8.9]
Meanwhile, for the Bahodopi and Pomalaa areas, the RPT
document is still under development.
112 Sustainability Report 2024
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Mineral Efficiency and Conservation in Nickel Processing
As a company in the mining sector, PT Vale Indonesia As part of the waste reduction and material reuse strategy,
understands that using nickel ore efficiently is essential for throughout 2024, PT Vale has utilized 3,905,235 wmt of slag
both environmental sustainability and long-term business and 1,158,003 wmt of dryer reject. This material is used for
success. Making the most of natural resources not only road paving, surface mining areas, and mining infrastructure
improves the company’s economic value but also helps reduce development, in line with material circularity initiatives in
waste and emissions. mining operations. [GRI 301-2][GRI 301-3]
To achieve this, PT Vale applies various innovations in its mining
and nickel processing operations. These efforts minimize the
loss of valuable materials and increase nickel recovery rates.
By doing so, the company can get the most out of its existing
resources, reducing the need for new mining areas that may
harm the environment.
As a holder of a Contract of Work (CoW), PT Vale is committed
Optimization of Processing with
to mineral conservation practices in line with the Indonesian
Oversize Product Crusher
Ministry of Energy and Mineral Resources Regulation No.
1827K/30/MEM/2018. This includes optimizing resource use
PT Vale Indonesia has implemented the
and minimizing waste.
Oversize Product Crusher innovation in
its granulation system to improve nickel
In 2024, PT Vale reported a total of 14,668,236 wet metric tons
processing recovery. This technology enables
(wmt) of mined ore, with an average grade of 1.75% nickel (Ni)
the reutilization of oversize reject products,
and 0.07% cobalt (Co).[GRI 301-1] In the fourth quarter, the company
which, in the past, had to be sent back to
achieved a 95% recovery rate in mining and a 90.63% recovery
the smelting furnace, increasing the risk of
rate in processing and refining—indicating high efficiency in
higher processing costs and nickel loss into
mineral management.
the slag. With the installation of a reject
crusher, oversized products can be crushed
PT Vale also tracks and monitors by-product minerals like
and directly blended with nickel products that
cobalt. In the fourth quarter of 2024, the company produced
meet customer specifications.
and sold 261 tons of cobalt in nickel matte. Additionally, it
continues to manage lower-grade ore reserves by mapping
their quantity, quality, and location to ensure efficient and
responsible use of resources.
113 Sustainability Report 2024
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Human Capital Excellence for
Sustainable Growth
Page 116
The Approach of PT Vale in Managing Material Issues Related to Human Capital
At PT Vale, we believe that employees are the foundation create a fair, safe, and supportive work environment that and provide a responsive grievance reporting system with
and strategic assets integral to the company’s success and supports individual development. follow-up mechanisms.
sustainable development. In line with this belief, we prioritize
the well-being, skill development, and protection of employee We adopt management systems that align with both national All of these efforts support our long-term goal of creating a
rights. This commitment is reflected in our efforts to build a and international standards, including ISO 45001 and the resilient, adaptive, and sustainable work environment. We
workforce that is productive, diverse,inclusive, and motivated, Mining Safety Management System (SMKP), and adhere to also establish measurable targets and performance indicators
aimed at delivering long-term value to all stakeholders. As the core principles of International Labour Organization (ILO) to ensure effective management of material issues related to
such, employee well-being and the protection of their rights Conventions. The effectiveness of our human capital strategy human capital.
are top priorities, in line with our commitment to building a is reviewed regularly through internal audits, employee
productive, diverse, inclusive, and motivated workforce. satisfaction surveys, and dialogues with labor unions.
Our approach to managing human capital is embedded in Key risks in managing human capital include workplace
our sustainability policies, which include anti-discrimination, accidents, labor rights violations, unequal employment
diversity and inclusion, freedom of association, and health opportunities, and declining employee morale and
and safety at work. These policies are implemented to all engagement. To anticipate and mitigate these risks, we
employees, partners, and contractors, and are designed to conduct safety training, reinforce an inclusive work culture,
Topic Material Occupational Industrial Relations
Health and Safety and Labor Rights
Related Sustainability Development ofHuman Industrial Relations Occupational Health
Topics Capital Resources and Labor Rights and Safety
Key Initiatives in 2024 Employee Training and Development
Achievements 65,687 22 training hours 88 employees and contractors
total hours per employee attended First Operational Supervisor (POP)
28 employees and contractors
attended Intermediate Operational Supervisor (POM)
115 Sustainability Report 2024
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Employee Statistics[GRI 2-7][GRI 405-1][POJK51-C.3][SASB EM-MM-000.B]
As of the end of 2024, PT Vale employed a total of 3,038 people,
an increase of 21 employees compared to 2023. Of this number, In 2024
83%, or 2,516 employees, are local hires originating from areas
surrounding the company’s operations. PT Vale defines local Number of Employees by Number of Employees by
78 Employment Status
employees as individuals who reside in the same regency as Position and Gender
the company’s operational sites.A total of 335 local employees 322
Local Employees 1,386
held managerial positions, which is equivalent to 13.1% of
the total local workforce, or 45.33% of all managerial roles
83% 155
2,607
102
within the company. PT Vale remains committed to actively 685
4 13 30
promote the role of local employees as part of its sustainable 473 79
30 112
development strategy and contribution to the local economic Male Female Employees with
growth.[GRI 202-2] Disabilities
88% 12%
General Senior Staff Staff Non Staf Permanent Contract
Management Manager or or Manager Employee Employee
2% Specialist
Female Male
Female Male
In 2024, PT Vale’s workforce was composed of 2,686 male
employees (88.4%) and 352 female employees (11.6%). While
Number of Employees by Number of Employees by Number of Employees by
the mining industry in which PT Vale operates is traditionally
Age Education Level Placement Area and Gender
male-dominated, the company remains committed to
fostering diversity, recognizing it as a vital driver of innovation 266
and sustainable performance. 42 2,477
28
1,526
In accordance with the Human Rights principles in the ICMM 577
Sustainable Development Framework, PT Vale is committed 254 219
to establishing inclusivity and equity in the workplace. The 769 64
13 70
company upholds policies that respect and protect the rights 26 19 35 29
112
198 1 68 74 3
and interests of women in the workplace. At the same time, 129 301 14 58 71
8 5 1
encouraging women to continue to grow and contribute > 50 Years
30-50
Years
< 30 Years
Doctorate
(S3)
Postgraduate
(S2)
Bachelor’s
Degree (S1)
Diploma High School Junior
High School
East Jakarta Makassar Palu Pomalaa Sorowako
Bungku
across all levels of the organization.
Female Male
116 Sustainability Report 2024
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Protection and Fulfillment of Worker Rights
PT Vale views the protection and fulfillment of worker of their respective employment contracts in accordance with
rights as an integral part of its commitment to human rights
Support for Labor Unions and applicable regulations. Communication between management
principles and sustainable development. In alignment with Collective Labor Agreements and trade unions occurs routinely, including during the
its Sustainability Policy, the company upholds values of evaluation and update processes of the CLA, which are held
justice, non-discrimination, safety, as well as the freedom of every two years.
As a tangible expression of its commitment to the protection
association and expression.
of worker rights, PT Vale consistently supports the freedom
The existing CLA at PT Vale applies to all permanent
to associate and the right to collective bargaining. The
This policy applies not only to internal employees and employees, while foreign workers are subject to the terms
company guarantees that all employees have equal access and
extends further to include indirect workers within the of their respective employment contracts in accordance with
opportunities to form, join, and participate in labor unions,
company’s operational supply chain. By referring to national prevailing regulations. Communication between management
free from discrimination or pressure.
and international standards such as the ILO Conventions, UN and labor unions occurs routinely, including during the biennial
Guiding Principles on Business and Human Rights, and ICMM review and renewal of the CLA.
The industrial relations at PT Vale are based on principles
principles, PT Vale is dedicated to creating a decent, safe,
of openness and mutual respect between management and
and inclusive working environment for all its workforce, while The CLA also includes provisions regarding the company’s
worker representatives. Social dialogue is organized regularly
fostering harmonious and productive industrial relations. obligation to inform employees of any operational changes
through formal mechanisms such as negotiations for Collective
that impact employment relationships, in line with PT Vale’s
Labor Agreements (CLA), bipartite communication forums, and
commitment to uphold human rights principles. As part of this
employee feedback sessions. These efforts aim to maintain
approach, PT Vale fully supports employees’ rights to associate
harmonious working relationships, improve employee welfare,
and gather regularly as a platform to voice aspirations and
and create a fair and sustainable work environment.
strengthen constructive industrial relations.[GRI 2-30][GRI 407-1]
[GRI 402-1][SASB EM-MM-310a.1]
Trade unions play an important role in promoting and
implementing policies regarding occupational safety and
health, as well as the overall welfare of employees. As
a demonstration of our commitment, PT Vale regularly
communicates with trade unions to evaluate and update the
CLA, with the aim of protecting employee rights and ensuring
their welfare. We also establish joint committees between
management and trade unions to discuss issues related to the
company’s operations.
The CLA in effect at PT Vale protects all permanent employees,
while foreign workers (expatriates) are subject to the terms
117 Sustainability Report 2024
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“PT Vale has demonstrated its
Realizing Shared Prosperity Through Collaboration between PTVI, commitment to the freedom of
the Government and Labor Union association as outlined in the Collective
Labor Agreement (PKB). The relationship
The results of the negotiations, as outlined in the CLA, apply not only between the union and management
to employees in the Sorowako operational area but also to all regions has been fairly good, especially through
where PT Vale operates, including Jakarta, Makassar, Bahodopi, and open informal communication. Looking
Polamaa. This step is taken to align the collective labor agreement ahead, we believe it’s essential to
with national policy developments, including the implementation strengthen the role of the Bipartite
of the Omnibus Law on Job Creation and the increase in the Value Forum (LKS-Bipartit), so that dialogue
Added Tax (VAT) rate. can take place in a more structured and
consistent manner.
PTVI promotes a collaborative approach to these negotiations to
The negotiation process for this Collective Labor Agreement (PKB) began on November 18, 2024,
at Taman Antar Bangsa (TAB) in Sorowalo, East Luwu. reach a fair and balanced agreement for all parties. The negotiations We value the openness of management,
are also aimed at strengthening industrial relations, maintaining particularly at the board level, however
Employee welfare is a top priority for PT Vale Indonesia Tbk (PTVI). operational continuity, and improving employee welfare in the face two-way communication still needs
The company believes that sustainability is not only determined by of policy changes and evolving industry challenges. to be strengthened throughout all
operational performance but also by harmonious and fair industrial levels of the organization. We hope
relations. To reinforce this commitment, PTVI regularly holds The participation of labor unions in this process is a reflection of the that in the future, all policies related
Collective Labor Agreement (CLA) negotiations every two years company’s commitment to upholding workers’ rights and ensuring to employee welfare can continue to
to fulfill employee rights, as mandated by Law No. 13 of 2003 on their involvement in decision-making that directly affects working be discussed collaboratively with the
Manpower. conditions. Support from local government agencies, including the union, with a consistent strengthening
South Sulawesi Province’s Manpower and Transmigration Office of the LKS Bipartite role and an increase
In 2024, the 21st CLA negotiation process began on November 18 at and East Luwu Regency, further strengthens the legitimacy and in continuous open dialogue, in order
Taman Antar Bangsa (TAB) in Sorowako, East Luwu Regency. The inclusivity of the negotiations. to realize an industrial relationship.
negotiations involve collaboration between company management, This will help us build healthier, more
the local government, and three verified major labor unions: the Through this process, we reaffirm our commitment to not only harmonious, inclusive, and constructive
Chemical, Energy, Mining, Oil, Gas, and General Workers Union focusing on productivity and efficiency but also on building fair and industrial relations”
(SPKEP), the United Workers Union of Vale Indonesia (SPBVI), and sustainable labor relations to create shared welfare for the company,
the Mining and Energy Federation – Confederation of All Indonesian workers, and the community -
Workers’ Unions (FPE-KSBSI). Baso Murdin
Chairman of the SP-KEP Union
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Prevention of Forced Labor and Child Labor
[POJK51-F.19] [GRI 408-1] [GRI 409-1] [MM4] [EM-MM-310a.1]
As a company committed to responsible business practices, preventing child labor. Specific clauses prohibiting forced labor
PT Vale Indonesia strictly prohibits all forms of child labor and practices are also included in all employment agreements
forced labor in all its operations. This commitment is not only with business partners. Collaboration with local government
applied to direct employees but is also extended to all business and related organizations continues to be fostered to ensure
partners, including contractors and suppliers. proper oversight.
In conducting its operations, the company adheres to Even though no violations were found during the reporting
Indonesian laws and regulations, particularly Labor Law No. 13 period, PT Vale recognizes that the risks of child labor and
of 2003 and the international standards set by the International forced labor must still be monitored, particularly within the
Labour Organization (ILO). As part of this implementation, wider supply chain. Therefore, the company continues to
PT Vale enforces a strict minimum working age of 18 for all improve its due diligence system in the recruitment process
workers, without exception. This policy is strictly applied in and build a more protective whistleblowing mechanism.
the recruitment process, including through ID verification, Efforts to promote awareness of workers’ rights have also
documents and regular field monitoring. been expanded to the communities surrounding the mines,
as part of a long-term commitment to creating a fair and
Throughout 2024, internal monitoring results showed no dignified work environment.
findings of child labor or indicators of forced labor within PT
Vale’s work environment. This highlights the effectiveness of PT Vale’s commitment to child labor and forced labor
the monitoring system that has been established, including the prevention aligns with global efforts to achieve the Sustainable
complaint mechanisms accessible to all workers. Additionally, Development Goals (SDGs), particularly Target 8.7, which calls
the company strictly follows rules about working hours, for the elimination of all forms of forced labor and child labor.
including the provision of appropriate compensation for any Through these practices, the company actively contributes
overtime performed by employees. to creating a better working world while strengthening the
foundation of a sustainable and responsible business.
To strengthen this commitment, PT Vale proactively
implemented various preventive measures. Management and
contractors receive regular training on the importance of
119 Sustainability Report 2024
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Commitment to Diversity, Equity and Inclusion[POJK51-F.18]
At PT Vale, we believe that diversity, equity, and inclusion Although the composition of the local workforce at PT Vale As part of its commitment, PT Vale also provides opportunities
(DEI) are key to building a positive, productive, and creative has reached 83%, we still face challenges regarding equality for persons with disabilities who meet the qualifications for
workplace. We’re committed to making sure all employees and efforts to attract the younger generation to the mining available positions. In 2024, there were 70 employees with
feel valued, respected, and empowered, regardless of their sector. As such, PT Vale always involves all stakeholders. Local disabilities, making up 2% of the total workforce. They work
background, gender, age, or experience. governments have appreciated these efforts as a step toward as non-staff and senior staff.[GRI 405-1]
more harmonious and sustainable relationships.
To us, DEI is not just a principle, but also a pillar of our company
culture. This culture fosters a supportive environment where We provide equal opportunities for every individual to work
every individual can grow, work together, and contribute their and build a career at PT Vale, —no matter their gender,
best. PT Vale also has a Diversity and Inclusion Charter that ethnicity, religion, background, political views, or whether
encompasses five main commitments to promoting DEI. they have a disability. Our recruitment process is free from
any form of discrimination. During the year 2024, we did not
receive any complaints regarding workplace discrimination.
[GRI 406-1]
Diversity and Inclusion Charter
1. Create an environment that respects
Initiatives Related to Diversity,
the uniqueness of each individual, where Equity, and Inclusion
everyone has equal opportunity to develop
their potential. To create an inclusive and diverse culture, we have launched
2. Build a safe and healthy environment where various initiatives, such as mentorship programs, unconscious
individuals are free to share ideas, share bias training, and inclusive recruitment. We do this to build
opinions, and be themselves. an environment that values differences, with fair recruitment
3. Implement a transparent, fair, and bias-free policies and open communication where every voice is heard.
process in recruitment, evaluation, and in We provide equal opportunities for every individual to grow,
creating a diverse workplace. innovate, and contribute their best.
4. Zero tolerance for all forms of harassment,
discrimination, or prejudice. In order to increase women’s involvement in the extractive
5. Foster open dialogue and raise awareness sector, PT Vale targets to achieve a proportion of women in
about the importance of diversity. the company of 18% by 2030. As of December 31, 2024, the
number of female employees was recorded at 352 people
(11.6% of total employees), an increase from 2023 which was
307 people (10.2%). Of the total female employees, 17 people
hold managerial positions.[GRI 405-1]
120 Sustainability Report 2024
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Support for Female Employees following their leave. Meanwhile, male employees are entitled conditions. As part of this policy, pregnant employees are not
to paternity leave to accompany their wives during childbirth, assigned to factory or field areas in order to avoid potential
PT Vale is committed to creating an inclusive workplace where 2 calendar days for those working on-site and 3 calendar days health and safety risks. Task adjustments are made by placing
women are supported, both as professionals and as mothers. for those working off-site. employees in a desk-type environment enabling them to
We uphold the rights of female employees so they can work continue to contribute productively during their pregnancy.
optimally without disregarding their roles and nature as 100% of female employees who took maternity leave have Support for women is also reflected in the provision of
women. This commitment is reflected in part through the returned to work in their same positions, demonstrating our lactation rooms at our workplaces in the Jakarta and the
provision of inclusive facilities and a supportive workplace. commitment to equality and the empowerment of women in Sorowako office. These facilities aim to provide comfort for
the workplace.[GRI 401-2][GRI 401-3] breastfeeding mothers in the workplace and they represent
To support work-life balance, we provide maternity leave PT Vale’s commitment to creating a family-friendly workplace
of 120 calendar days of maternity leave for women, and we PT Vale also ensures that pregnant female employees work that supports women’s dual roles.
guarantee they can return to work in the same position in a safe and supportive environment for their pregnancy
Number of Employees
Entitled to Maternity Leave
100%
The rate of employees
209 returning to work after
195 taking maternity leave
180
100%
The rate of employees
returning to work and
being retained after
2022 2023 2024 taking maternity leave
121 Sustainability Report 2024
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Employee Training and Development[POJK51-F.22][GRI 404-1][GRI 404-2]
PT Vale believes that employee development is essential for training, operational supervision certifications, and other in other sectors. During the reporting period, 74 employees
building sustainable organizational excellence. Therefore, the technical training relevant to industry developments. participated in this specialized training, with topics including:
company consistently organizes various training programs to [GRI 404-1] [GRI 404-2]
ensure that each individual has the right skills and knowledge Some of the certifications such as Renewal Remote Pilot 1. Retirement planning and preparation
to keep up with changes in the industry.The development Certification, Mine Surveyor Certification, Intermediate 2. Business visits and sharing entrepreneurial inspiration
programs focus on enhancing leadership capacities, improving Operational Supervisor (POM), and management-relat- 3. Retirement health management
technical skills, as well as understanding sustainability practices ed training such as Certified Maintenance and Reliability 4. Financial and investment planning
and workplace safety standards. With this approach, PT Vale Professional (CMRP) and Certified Supply Chain Professional
supports every employee to achieve their best potential and (CSCP). We also offer specialized training in safety, PT Vale provides wide opportunities for every employee to
make maximum contributions to the company’s growth. sustainability, and natural resource management. Thus, it helps develop their careers with decisions based on performance
our employees not only be prepared to face the challenges of evaluations. This policy applies to everyone, 100% of the
In 2024, PT Vale delivered 65,687 hours of training, on average, their professions but are also capable of becoming leaders in workforce. For non-staff employees, it is possible to reach
each employee received around 22 hours. This reflects their fields. the highest level within their career path, if they meet the
the company’s commitment to providing opportunities for required competency standards and qualifications. In 2024,
employees to grow their skills and reach their full potential. We also conduct pre-retirement training for employees 370 employees received job promotions, comprising 324 male
Some of the training programs we organized include approaching retirement, to help them prepare for life after (88%) and 46 female (12%).[GRI 404-3]
professional certifications, occupational health and safety retirement, whether for entrepreneurship or new careers
Local Workforce Training
In August 2024, PT Vale IGP Pomalaa, in teamed up with opportunity for her to grow her skills in heavy machinery
the Kolaka Regional Government, held training sessions in technical work.
heavy equipment operation, electrical work, and welding. For PT Vale, this training is a long-term investment that
This program aims to develop and prepare local human benefits both the company and the community, while also
resources, providing equal opportunities, especially for providing equal opportunities for both men and women.
women.
This training program continues to create opportunities for
Yuyun said that women should not feel any less capable local talent, particularly women, to succeed and contribute
compared to men, and she was very enthusiastic to human capital development in Kolaka Regency.
throughout the training. Ranita saw that this training is an
122 Sustainability Report 2024
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Employee Remuneration and Benefits [GRI 401-2]
Every employee at PT Vale is entitled to compensation and PERMANENT TEMPORARY
benefits. The company regularly reviews the salary structure EMPLOYEE COMPENSATION AND BENEFIT
EMPLOYEE EMPLOYEE
to ensure the compensation offered is competitive and
reflects employee performance. In addition to the base salary, Basic Salary
employees also receive other benefits such as additional
incentives. Religious Holiday Allowance
Transportation Allowance*
Employees on a shift-based work schedule are entitled to
premium payments based on their work hours, and those Leave Allowance*
working on Sundays receive a special work premium. The Overtime Allowance*
compensation provided by PT Vale exceeds compliance with
applicable regulations and laws, but also exceeds compliance Marriage Allowance
standards (beyond compliance) to ensure employee welfare. Health Facilities*
As part of the company’s commitment we also ensure that
employees’ leave entitlements are in line with the provisions in BPJS Health Program
the Collective Labor Agreement (PKB). BPJS Employment program
In accordance with the applicable Collective Labor Agreement Bereavement Money
(PKB), the company offers a performance-based incentive Long Service Pay*
scheme, the Annual Incentive Program (AIP), which considers
the performance of PT Vale Indonesia, Tbk., as well as Vehicle Ownership Program
performance of team and individuals. The amount is based on Annual Bonus
overall company performance, PT Vale’s performance, team
contributions, and individual contributions. Meals Facilities
Annual Incentive Program
Employee Children Education Assistance
Additional Leave
25 Years Service Allowance
123 Sustainability Report 2024
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Under the PPIP scheme, pension fund contributions consist of
Comparison of Lowest Remuneration Employee Pension Fund 10% from the company and 2% from the employee. In 2024,
to Minimum Wage PT Vale is strongly committed to the long-term welfare of
the managed pension fund amounted to US$53,068,476,
an increase of 0.3% compared to the previous year’s
its employees, one of which is through the provision of a
As part of our commitment to employee welfare, we have US$52,892,019.
sustainable pension program in accordance with applicable
set remuneration levels that ensure equality between male
regulations. The company requires all employees with more
and female employees for the same positions, with a 1:1 ratio. In addition to the DPLK program, the company also provides a
than three years of service to participate in the Defined
Total remuneration includes allowances, bonuses, placement “Saving Plan” program managed by a third party. This program
Contribution Pension Program (PPIP) managed by a Financial
incentives, and housing facilities at operational locations such offers benefits in the form of a cash value and life insurance
Institution Pension Fund (DPLK), as well as the Old Age Security
as Sorowako, Bahodopi, and Pomalaa. In general, the lowest payout if the participant passes away during the insurance
(JHT) and Pension Security (JP) programs administered by BPJS
remuneration at PT Vale in 2024 is 15.2% higher than the coverage period. Under this scheme, the company covers a
Employment.
applicable minimum wage in Luwu Timur Regency.[POJK51-F.20] [GRI 10% contribution from the base salary, consisting of 9.3% for
202-1] [GRI 405-2]
the saving plan and up to 0.7% for life insurance premiums.
[GRI 201-3]
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Recruitment and Workforce Turnover
Vale Indonesia prioritizes the development of local talent
Equitable and Inclusive Recruitment by partnering with educational institutions to improve
Employee Turnover Rate
System recruitment and retention. Our recruitment strategy prioritizes
Improving employee welfare remains our top priority, and we
candidates from local districts, followed by candidates from
regularly monitor turnover rates to assess the effectiveness of
PT Vale’s recruitment system ensures equal opportunities South Sulawesi, and if needed, extends to talent from across
various initiatives implemented, and to recognize opportunities
for all, with a focus on recruiting diverse talent that reflects Indonesia. This approach supports both local workforce
for improvement. In 2024, the employee turnover rate reached
the communities we work in. We prioritize transparent hiring empowerment and smooth company operations. In 2024, PT
0.92%, with 28 employees deciding to leave the company. We
processes, actively recruit local labor, and collaborate with Vale welcomed 166 new employees, consisting of 116 men
offer various benefits and facilities, considering employment
schools and vocational programs to create job opportunities (69.8%) and 50 women (30.2%).[GRI 401-1]
status and placement location, as part of our efforts to retain
and develop a pipeline of skilled workers.
quality employees.
Number of New Employees Added Based on
Placement Area
171
2022
2023
2024
97
32 39 36
21 23 23
7 12 0
2
1 0 0
Jakarta Makassar Sorowako Pomalaa East Bungku
125 Sustainability Report 2024
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Employee Concern Resolution Process
We maintain an open-door policy that encourages employees This system is designed to ensure that every complaint is
to express their concerns or complaints through a confidential handled fairly, transparently, and with respect for the rights
reporting channel. With this system, we ensure that every issue of employees. Employees have the right to submit a complaint
is addressed fairly and promptly, as part of our commitment to or grievance in writing using the Form-8 Complaint Form to
creating a transparent and supportive work environment. We their direct supervisor.
define complaints as follows:
• Complaint: A complaint is a formal concern raised by an The complaint resolution process can follow these stages:
employee when the employer is believed to have violated 1. Initial Stage Employee Strikes
[SASB EM-MM-310a.2 ][GRI 14.20.3]
the provisions or terms agreed upon in the Collective Labor Employees can submit a written complaint to their direct
Agreement (CLA). supervisor. A response will be given within a specific
• Grievance: is a concern raised by an employee regarding period. If there is no response or resolution, the employee There were no incidents of strikes or work
workplace conditions, treatment, or the working can move on to the next stage. stoppages by employees throughout
environment, even if there is no violation of the contents or 2. Escalating to a Higher Supervisor the year 2024. The company promotes
terms of employment in the CLA. If the issue is not resolved, employees can escalate the harmonious and transparent industrial
complaint to a higher level of management. A meeting relations by nurturing constructive dialogue
Direct supervisors are responsible for resolving complaints will be arranged to work out a solution between the between management and employees. Every
in accordance with the Collective Labor Agreement (CLA). employee and management. employment issue is resolved peacefully
Issues will be addressed in a timely manner, within a specified 3. Review of the Decision through the communication mechanisms
timeframe to support a positive and productive work If the outcome is still not satisfactory, the employee has that have been mutually agreed upon.
environment. the right to request a review of the decision according
to company policies and the Collective Labor Agreement
(CLA). This review process is overseen by the People &
Mechanism for Submitting and Culture – Industrial Relations (P&C-IR) team and can
Resolving Employee Complaints involve the Labor Union as well.
4. Bipartite Resolution
The resolution process follows several stages that prioritize If all internal stages fail to reach an agreement, the
dialogue and internal resolution. If an employee is not satisfied issue will be resolved through the Bipartite mechanism
with the policies or actions of their supervisor/employer, they as outlined by applicable laws. The employee may be
can submit a complaint through the provided channels. accompanied by the Labor Union during this process.
126 Sustainability Report 2024
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Commitment to Employee Health and Safety[POJK51-F.21]
PT Vale is committed to continuously improving occupational reinforced through regular training sessions provided to both work environment and achieve the goal of zero accidents and
health and safety performance sustainably, with the ultimate employees and contractors. Throughout the 2024 reporting zero incidents. We also remain committed to improving and
goal of zero harm, in line with the Principles of Sustainable period,Throughout the year 2024, there were no critical reinforcing the occupational safety management system.
Mining Management based on the ICMM Sustainable incidents across all operational areas of PT Vale. [GRI 14.15.3][GRI 14.15.4]
Development Framework. A significant step in this process is the initiation of ISO 45001
On a monthly basis, the company holds meetings with all certification, which began in late 2024. This involves working
To support this commitment, PT Vale applies the Mineral and project partners who conduct independent project oversight with consultants to conduct a Gap Analysis and aligning with
Coal Mining Safety Management System (SMKP Minerba) in line to assess safety performance and share improvement the Mining Safety Management System. In early 2025, this
with the Ministry of Energy and Mineral Resources Decree No. initiatives. process will be followed by ISO 45001 training and socialization
1827/K/30/MEM/2018 regarding the Guidelines for Good Mining for potential auditors and relevant stakeholders.[GRI 403-1] [GRI 403-8]
Engineering Practices. We also develop a safety management At PT Vale, we believe that the company’s success is driven
system based on ISO 45001, require Safe Work Permits (SWP) by the contributions of each employee. Therefore, we create
for all work activities, and implement the Contractor Safety a safe, inclusive work environment that prioritizes health and
Management System (CSMS) to manage the safety and health safety. We apply strict safety standards and regularly update
of our contractors and business partners. protocols to ensure employees can work without worry. Our
initiatives include routine safety drills, comprehensive health
In 2024, PT Vale is currently in the process of obtaining ISO programs, advanced monitoring systems, and the knowledge
45001 certification for its occupational safety management necessary to work safely and effectively.
system. Additionally, we implement industrial hygiene
practices that control exposure to dust, noise, and ergonomics, We closely monitor performance to ensure compliance with
with all aspects monitored via Key Performance Indicators industry standards and promote continuous improvement
(KPIs) and reviewed regularly. across all operational areas. In 2024, the number of moderate-
to-severe accidents decreased to 2 incidents, down from 3
The implementation of Occupational Health and Safety (OHS) incidents in 2023. Meanwhile, minor accidents were recorded
principles covers 100% of employees, including contractor/ at 18 incidents, after having none the previous year.
vendor workers, without exception. This policy also applies to
all stakeholders who engage in activities or visit PT Vale’s work Although there was a decline in more serious accidents,
sites.[GRI 403-1][GRI 403-8] the increase in minor accidents indicates that there are still
areas requiring improvement. To address this, we continue to
All operational sites have implemented preparedness and strengthen our safety management system through regular
emergency response programs as part of the Occupational updates to safety protocols and ongoing training for the
Health and Safety Management System. These initiatives are entire team. Through these efforts, we hope to create a safer
127 Sustainability Report 2024
Page 129
To ensure complete hazard control, the safety standards we procedures are effectively implemented. We held meetings
Hazard Identification and OHS adopt are translated into Bahasa Indonesia, including bilingual monthly followed by special sessions to discuss policies and
Training (Occupational Health and warning signs. Workers can report hazards via the CRM app, determine key performance indicators (KPIs).[GRI 403-4]
while incidents or accidents are reported using the IRIS app. All OHS conducted by certified trainers with competency in their
Safety) [GRI 403-2] [GRI 202-2] incidents in 2024 were investigated to find the root cause and fields and licenses from the National Professional Certification
implement corrective actions, including 20 potential fatality Agency (BNSP) is crucial in ensuring that every worker has
In 2024, we recorded the best achievement in the company’s
accident (HIPO) cases. adequate knowledge and competence. Evaluation is conducted
history in terms of occupational safety, including the success
through exams to assess participants’ understanding of the
of implementing the Mining Safety Performance Achievement
We have also improved the hazard reporting system by material presented.
Level Assessment in accordance with the Decree of the Director
establishing targets for corrective actions on each finding
General of Mineral and Coal No. 10 of 2023. This achievement
and assessing the quality of incoming hazard reports. There were 2 main training activities in 2024:
is reflected in the increasing fulfillment of competency
Occupational health and safety information is regularly 1. First Operational Supervisor (POP), attended by 88
standards by our team, such as the certification of the First
disseminated through Intranet, WA Broadcast, billboards, and employees and contractors.
Operational Supervisor (POP) from the Director General of
Safety Share, which are accessible to all work areas.The Mining 2. Intermediate Operational Supervisor (POM), attended by
Mineral and Coal, Ministry of Energy and Mineral Resources,
Safety Committee plays a key role in establishing Safety Goals 28 employees and contractors.
as well as the implementation of Hazard Identification & Risk
and Programs (TSP) and ensuring that safety policies and
Assessment (HIRA) training which is carried out routinely every
two years.
As part of our commitment to continuous improvement, we
Average Hours of
implement structured and systematic safety measures. Hazard
Health, Safety and Emergency Response Training 6.166
identification and risk assessment are carried out periodically
(hours)
through the Contractor Safety Management System (CSMS) 4.525
every month. In addition, we hold induction training which 3.964
is updated every two years, as well as conducting Risk
Assessment and Job Safety Analysis (JSA) before work begins 2022
or if there is a change in working conditions. Safety talks are 2023 1.020
694
also held before each job begins, and we routinely conduct 361
2024
monthly audits of high-risk activities and daily inspections of
Employee Contract Employee/Contractor/Vendor
heavy equipment before operation.
128 Sustainability Report 2024
Page 130
Occupational Health [GRI 403-3]
In 2024, our primary focus in occupational health is to change
employees’ mindset and behavior regarding the importance
Employee Health Program —
of a healthy lifestyle through the “Wellness Program.” The Wellness Program Batch II IGP Morowali
program focuses on five essential pillars: maintaining a healthy
and balanced diet, getting 7 to 8 hours of sleep daily, managing
stress effectively, engaging in regular physical exercise, and
fostering a clean social and environmental community. With
this approach, we hope to help employees become healthier
and more productive.
Operational Risks Management
PT Vale pays attention to safety and health risks associated
with work in nickel mining and production operations. Some
types of work in nickel mining and production operations pose
high risks to occupational safety and health, such as manual
handling of materials, working with mining equipment,
working near hazardous gases, or working in extremely noisy
areas. Some jobs in nickel mining and production operations
PT Vale Indonesia Tbk, through the Indonesia Growth
are particularly hazardous. We have implemented measures disease. Experiences from Batch I participants showed
Project (IGP) Morowali, has relaunched the Wellness
to mitigate these potential dangers. In addition to applying that consistency in maintaining a healthy lifestyle not
Program Batch II as an effort to encourage employees
operational safety standards, PT Vale also complies with only results in physical changes but also helps reduce the
and contractors to adopt a sustainable healthy lifestyle.
applicable government regulations.[GRI 403-7] risk of health issues such as high cholesterol and other
It’s not limited to weight loss; the program also promotes
metabolic disorders.
sustainable lifestyle changesbut also on building healthy
habits that include balanced nutrition, regular exercise,
The Wellness Program is expected to become an integral
stress management, and adequate rest.
part of the healthy living culture within PT Vale’s
work environment and continue to encourage active
Through this program, participants gain an understanding
participation from all employees and partners at every
of the importance of maintaining physical and mental
operational site.
balance as part of improving quality of life and preventing
129 Sustainability Report 2024
Page 131
Whether the Work-related
Risks Faced by Actions taken to eliminate hazards and
Employee Health and Wellness Type of Work Employees and
Hazard caused any illnesses
minimize risks using the hierarchy of
during the reporting period
Program — Wellness Talkshow Workers
(2024)
controls[GRI 403-9][GRI 403-10][GRI 403-3]
Pomalaa Operating heavy Serious injuries/ No • Developing CAR/MHS-03 standards.
equipment fatalities • Training and audit of vehicle operations.
Working at heights. Serious injuries/ No • Implementation of CAR/MHS-09 standards.
fatalities • Training and audit of hazards associated with
working at heights.
Blasting Serious injuries/ No • Implementation of CAR/MHS-09 standards.
fatalities • Blaster certification.
• Audit related to blasting work.
Working near Gas poisoning No • Conducting industrial hygiene risk assessments.
As part of the company’s commitment to supporting hazardous gases. • Monitoring both in-person and online.
employee welfare, PT Vale Indonesia Tbk through the • Preparing safe work procedures.
Indonesia Growth Project (IGP) Pomalaa held a Wellness • Use of personal protective equipment (PPE).
Program talk show with the theme “Our Energy Balance & Working at Heat stress Tidak • Conducting industrial hygiene risk assessments.
Wellness Tips During Fasting”. This activity was attended heat-exposed area • Monitoring both in-person and online.
by Wellness Program participants in a hybrid manner and • Preparing safe work procedures.
presented Coach Hendri Pardede as a resource person. • Use of personal protective equipment (PPE).
This program encourages employees to implement a Working in a loud Hearing No • Conducting industrial hygiene risk assessments.
healthy and balanced lifestyle, not only through proper environment impairments • Monitoring both in-person and online.
diet management, but also with regular physical activity • Preparing safe work procedures.
as part of long-term health management. In this session, • Use of personal protective equipment (PPE).
participants gain an understanding of the importance of Other types of work Musculoskeletal No • Implementing engineering controls for mining
energy balance, optimal food consumption techniques, identified from the disorders (lower equipment that poses high ergonomic hazards.
and nutritional guidelines during fasting. In addition, project job demand back pain, • Administrative controls by raising awareness
employees are also provided with practical tips on healthy analysis: hernia, nucleus among mining operators working with equipment
eating patterns during sahur and breaking fast, as well as • Working with pulposus, and that poses high ergonomic risks.
recommendations for maintaining fitness through light mining equipment; others) • Administrative controls for all types of work
exercise during the month of Ramadan. • Handling materials involving manual material handling.
manually
130 Sustainability Report 2024
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PT Vale provides medical protection to its employees by
registering them in the BPJS Health Social Security program.
As participants, employees are entitled to healthcare services
for non-occupational diseases at primary healthcare facilities IGP Morowali Promotes Safe Work Through HIV/AIDS Education
and referral hospitals. We also offer periodic health check-ups
(Medical Check-Up/MCU) for employees and workers. In 2024,
3,099 employees and 15,303 contract workers underwent
MCU. This is a proactive measure to ensure the well-being of
the workforce.[GRI 403-6]
We also manage health conditions that may pose risks. Since
2008, we have been working with the East Luwu Health
Department on a voluntary HIV/AIDS workplace program. We
also address other illnesses such as Tuberculosis and Dengue
Fever. These actions help protect workers from diseases that
could disrupt their performance and safety at work.[GRI 403-6]
In commemoration of World AIDS Day on December 1, PT its transmission pathways and preventive measures,
Vale Indonesia Tbk (PTVI), through the Indonesia Growth “HIV is not the end of everything. With early detection
Project (IGP) Morowali, organized HIV/AIDS prevention and proper treatment, individuals can live healthy and
awareness program for employees and contractors at the productive lives,” she told the participants.
Si’e Canteen, Port Bahomotefe, Morowali, on December
2, 2024. The event aimed to increase understanding A representative from the Health Office, Nursiah Musa,
and reduce the stigma surrounding HIV/AIDS, the event also presented a program for early HIV/AIDS detection
attended by around 70 participants. to facilitate access to healthcare services, particularly
in the workplace. This session included an interactive
Asri Djaya, Manager of Health, Safety & Operational Risk discussion, where participants actively asked questions
(HSOR) at IGP Morowali, underscored that providing about prevention and protection measures against HIV.
education is a fundamental aspect of the company’s PTVI IGP Morowali is committed to continually conducting
commitment to safeguarding employee health. health programs to create a healthy, inclusive, and
stigma-free work environment regarding HIV/AIDS.
The speaker, Dr. Arnis Fanasari Umar from the
Morowali Regional Hospital, explained HIV, including
131 Sustainability Report 2024
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Health and Safety Performance
PT Vale conducts annual occupational health and safety (OHS) OHS Performance Statistics[GRI 403-9]
compliance audits based on the SMKP Minerba and IMS-EHS
standards, carried out by certified internal auditors. The 2024 2024
Indicator
internal audit for SMKP Minerba reported a compliance rate of Sorowako Bahodopi Pomalaa
76.73%, an improvement from 73.56% the previous year.
Lost Time Injuries 1 0 0
To monitor safety performance, PT Vale regularly tracks First Aid Injuries 20 2
indicators such as the Frequency Rate (FR) and Severity Rate
(SR) per 1,000,000 working hours. In 2024, the FR was recorded Near Miss Unsafe Action, Unsafe Condition 59 6 1
at 0.30 in Sorowako, 0.27 in Bahodopi, and 0 in Pomalaa. Days Lost due to Accident (Severity Rate) 400 0 0
Regarding severity, Sorowako reported 400 lost workdays due
to workplace accidents, while Bahodopi and Pomalaa reported Total Accident Rate (Frequency Rate) 0.30 0.27 0
none.
The company’s Total Recordable Injury Frequency Rate (TRIFR)
Number and Rate of Occupational Accidents [GRI 403-9]
remained below the average reported by the International
Council on Mining and Metals (ICMM). No Fatal Injury Frequency
Rate (FIFR) cases were recorded during the reporting period. Occupational Sorowako Bahodopi Pomalaa
In terms of high-consequence incidents (excluding fatalities), Accident Level
Total Rate Total Rate Total Rate
there were 17 cases reported in Sorowako, 2 in Bahodopi, and
1 in Pomalaa. These incidents are used as key references for Minor 15 0.51 2 0.55 1 0.39
evaluating and reinforcing risk control measures across all Moderate and 2 0,07 0 0 0 0
operational sites. Severe
Additionally, Near Misses, Unsafe Actions, and Unsafe Fatal 0 0 0 0 0 0
Conditions were reported 59 times in Sorowako, 6 times in Total 17 0.57 2 0.55 1 0.39
Bahodopi, and once in Pomalaa throughout 2024. Monitoring
such events plays a vital role in early detection of potential
hazards and continuous improvement of field-level safety
systems. [GRI 403-9][EM-MM-320a.1]
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Safety Awareness Socialization for Contractors[GRI 202-2]
Occupational safety is a top priority at PT Vale Indonesia Tbk (PTVI), particularly for Over 600 contractor workers—including bus and light vehicle (LV) drivers, supervisors,
operational vehicle drivers who face the risk of accidents due to fatigue, negligence, and operational managers (PJO)—participated in this training. The program aims to
and violations of safety regulations. In 2023, the Contractor Management Operations reduce violations, improve driving discipline, and foster a stronger safety culture. In
Department (CMT) recorded 202 driving violations by contractor workers, 39 of addition to educating on the risks of fatigue and the consequences of violations, the
which were categorized as severe (Step 5). The number rose to 264 violations in 2024, session also encouraged the active role of PJOs in enforcing rules in the field.
underscoring the critical need to strengthen adherence to safety standards.
This commitment aligns with the #SafetyIsMe campaign, emphasizing that safety is
To address this, PTVI conducted a Safety Awareness Socialization program from a shared responsibility. PTVI will continue to strengthen this initiative by promoting
November 19 to 22, 2024, in Sorowako, in collaboration with the Health, Safety, compliance and collaboration among all stakeholders to create a safer and more
Operational Risk, Environment, and Sustainability Operations Department (HSORESO). sustainable work environment.
133 Sustainability Report 2024
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Initiatives on
Mental Health Helping Children Heal After Disaster — Trauma Support
In order to maintain the mental health of our employees, we
for Flood and Landslide Survivors in Luwu
provide various services that support mental and emotional
well-being. As part of this initiative, PT Vale offers access to The program was held on May 12, 2024, in collaboration
psychologists and psychiatrists at the INCO Sorowako Hospital/ with the Palopo Police Department and students
Clinic, dedicated to offering professional care for employees from the Faculty of Medicine and Health Sciences
experiencing mental health challenges. Additionally, we carry at UIN Makassar. It included various educational
out regular health assessments to ensure the sustained and recreational activities such as singing, drawing,
physical and psychological wellness of all personnel. coloring, and group games aimed at helping restore
the mental well-being of child survivors. In addition,
PT Vale also supports the local community affected by PT Vale also distributed healthy food packages for
disasters. The assistance provided includes trauma healing pregnant women and toddlers as part of its support
services for children who are disaster victims, as well as trauma for nutritional needs in the affected area.
healing services more broadly. Through these initiatives, we
strive to create a healthy working environment and support This activity is a continuation of PT Vale’s broader
our employees in achieving a balance between their personal disaster response initiatives, which previously
and professional lives. included deploying the Emergency Response Group
(ERG) team to assist with victim evacuation, as well
as providing logistics support and heavy equipment
to accelerate the recovery of infrastructure and
transportation access in the disaster area.
PT Vale continues to play an active role in humanitarian
support for its operational communities and their
As part of its humanitarian efforts, PT Vale Indonesia surroundings both during emergency response
Tbk helped children cope with trauma following and throughout post-disaster rehabilitation and
the floods and landslides through in Lindajang reconstruction phases, as part of its corporate social
Sub-district, West Suli District, Luwu Regency, South responsibility.dedicated healing sessions.
Sulawesi.
134 Sustainability Report 2024
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Maintaining Community Harmony through Strategic Engagement
Page 137
General Approach
PT Vale Indonesia (PTVI) recognizes that our operational of life through programs in education, health, economy, and
activities are closely interconnected with the lives of the infrastructure. In dealing with potential social impacts such as
surrounding communities. Therefore, we are committed to relocation, we apply the principle of mitigation hierarchy and
ensuring that every operational step is carried out responsibly, strive to avoid displacement whenever possible. If relocation
prioritizing the interests of the community, safety, well-being, is unavoidable, the process is carried out in accordance with
and environmental preservation—beyond mere economic national regulations and international standards, with active
considerations. involvement of stakeholders.
Our approach to managing social impacts refers to international All these efforts reflect PTVI’s commitment to conducting
standards such as the IFC Performance Standards, ISO 26000, mining operations in a transparent, inclusive manner, aligned
and ICMM guidelines. Our sustainability policy serves as the with the interests of the communities surrounding our
foundation for addressing social issues, including those operational areas.
directly related to communities around our operational areas.
As a form of long-term commitment, we have developed a As part of our transparency efforts, we have grouped various
sustainability roadmap that serves as a strategic guide for flagship programs designed to address issues, risks, and
planning, implementing, and evaluating programs aimed at opportunities related to community aspects. The infographic
creating long-term shared value. below summarizes these programs, including material topics
and achievements up to 2024.
We maintain constructive relationships with the community
through open, meaningful, and continuous engagement. This
includes information dissemination, gathering aspirations,
and handling grievances through a structured complaints
mechanism. The SDI system (Stakeholders, Demands, and
Issues) is used to record interactions, monitor issues, and
ensure prompt and responsive follow-up. In designing
and implementing social programs, we also establish close
communication with local communities and governments to
ensure that the programs implemented are relevant to local
needs and provide sustainable long-term impact.
Additionally, we support the preservation of local culture,
community capacity building, and the improvement of quality
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Material Topic Human Rights in the Community Community Engagement and Relations
Related Sustainability
Human Rights Community Engagement Economic Impact Resettlement
Topics
Key Initiatives SDI (Stakeholders, Demands, and Issues)
• Community Development and Empowerment Program (PPM) aims to improve
in 2024 System
communities’ quality of life by empowering the creative economy, developing
infrastructure, and improving health and education.
Ensures all complaints and grievances,
• Training and mentoring in field schools for farmers
including human rights violations, are
• Training for MSMEs to improve their technical and managerial capacity
recorded and followed up.
• Developing agrotourism and tourism around Lake Matano
Achievement 2024 • ~300 families and >15 public facilities in Nuha District
• Throughout 2024, 83.7% of grievances were resolved
receive electricity subsidies
• Revision of the stakeholder engagement plan and grievance
• 113 micro, small, and medium enterprises (MSMEs)
mechanism in accordance with IFC standards
participants in the capacity and competitiveness
• Handling of complaints related to human rights violations
improvement program
through the implementation of Human Rights Due Diligence
• 115 members of women farmers’ groups from 10
(HRDD)
groups participate in organic farming training
• Preparation of Land Acquisition and Resettlement
• 9 health centers in PT Vale
Framework (LARF) and Security Management Plan (SMP)
• 41 students conducted research or internships in the
• Updates to Security Risk Assessment (SRA) referring to the
operational area in Bahodopi
Voluntary Principles on Security and Human Rights (VPSHR)
standard
• Grievance mechanism training for all related departments.
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Respect for Human Rights
PT Vale is dedicated to upholding human rights of all Respect for Local Communities initial commitment to building meaningful and participatory
stakeholders impacted by our operations, such as employees, Respect for community rights, including groups with strong consent.
business partners, and surrounding communities. This connection to the company’s operational areas, is a key
dedication is embedded in PT Vale’s Sustainability Policy, which principle of our sustainability commitment. In 2024, we We also understand that recognition of specific community
encompasses human rights risk management throughout the continue to collaborate with relevant parties to ensure that groups is an essential part of upholding human rights.
supply and manufacturing chains, and open monitoring and the community engagement process is in accordance with the Therefore, if in the future there are legal provisions that
reporting of impacts. standards adopted by PTVI. specifically regulate the rights of these groups, PT Vale is
committed to conducting engagement in accordance with
PT Vale is committed to building respectful relationships with applicable regulations and policies. This commitment is in line
This pledge is clearly outlined in PT Vale’s communities by applying principles aligned with Free, Prior, with our sustainability values and the foundational principle of
Human Rights Policy, a guideline framework and Informed Consent (FPIC). Although full implementation of human rights respect across our operations.
for protection, respect, and remediation of FPIC is an ongoing process, we continue to strive to ensure that
individual rights in the business activities of every interaction with the community is inclusive, transparent, In addition, we regularly conduct social and environmental
the company. and respectful of local aspirations. assessments to identify potential community impacts.
Where significant impacts are found, PT Vale takes
Access the Human Rights Policy: Before starting any activity that may have the potential responsive mitigation measures such as adjusting work areas,
https://vale.com/indonesia/our-policy impacts, PT Vale holds open consultations with the community, preserving cultural sites, and supporting community capacity
sharing relevant and sufficient information, and opens up development. All of these efforts are carried out through
a dialogue to express views and concerns. This process participatory approaches that respect the cultural values of
We guarantee that none of our business partners, including
is facilitated through a coordination forum involving the the local communities.[SASB EM-MM-210b.1]
contractors and suppliers, are damaged by any association
village government and community groups, representing our
with human rights violations. Should such violations
nevertheless happen, either through third-party complaint
or through an internal investigation, PT Vale will impose
sanctions accordingly. We also apply a mitigation hierarchy
to our business operations to guard against human rights
violations, following international standards such as the
IFC Performance Standards. PT Vale upholds the Voluntary
Principles on Security and Human Rights in the context of
security and safety. We firmly reject the use of firearms or
violence in our security activities, reserving them as a last
option and in a manner that is both legal and proportionate,
consistent with the UN Basic Principles.
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Handling Human Rights-Related Grievances Through a Due Diligence Process[SASB EM-MM-210a.3]
PT Vale is committed to respecting, protecting, and fulfilling During the investigation, several community members also Access the Human Rights Public Investigation
human rights as an integral part of our sustainability principles expressed appreciation for the positive contributions PT Vale Report document:
and responsible governance. We recognize that in carrying has made—and continues to make—toward their lives and
https://vale.com/documents/d/guest/ptvi-in-
out complex operational activities, potential challenges and livelihoods. These findings are a vital part of our reflection
vestigation-public-report-_-20240730
concerns from stakeholders may arise. Therefore, we strive process in developing more constructive, stakeholder-orient-
to listen, understand, and proactively take appropriate and ed improvement measures.
transparent corrective actions.
Access PTVI’s Response and Action Plan:
PT Vale fully welcomes and supports the results of the
In 2023, we received an open letter from the community investigation, including the transparency of its findings to https://vale.com/documents/d/guest/human-
containing allegations of suspected human rights violations in the public. The investigation produced a number of recom- rights-commitment-and-action-plan
areas around our operational sites, particularly in Sorowako, mendations in response to the community’s experiences
Asuli, and Tanamalia. and concerns, particularly regarding access to clean water,
compensation mechanisms, livelihood sustainability, security
In response to this report, Vale Base Metals (VBM), one of approaches, and community engagement.
PT Vale’s main shareholders, commissioned an independent
investigation as part of the Human Rights Due Diligence (HRDD) As a follow-up, PT Vale accepted these recommendations
process. The objective was to gain a comprehensive, objective, and developed a Human Rights Commitment and Action
and fact-based understanding of the alleged operational Plan—a comprehensive roadmap outlining steps to enhance
impacts on human rights in the reported areas. and reinforce our human rights protection mechanisms. This
plan includes enhancements to internal policies, grievance
The independent investigation aimed to assess the extent mechanisms, and a more inclusive and participatory approach
to which the concerns expressed in the open letter reflected to community engagement.
the views and experiences of some community members in
Sorowako, Asuli, and Tanamalia. Additionally, the investigation As part of our commitment to transparency and accountability,
sought to determine whether those concerns required further both the investigation report and the action plan have been
review and follow-up through appropriate corrective or published and are accessible via the company’s official website:
preventive measures. Based on the investigation’s findings,
we acknowledge that the concerns raised in the letter were
indeed held by a portion of the community.
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Summary of Human Rights Due Diligence Follow-up Action Plan
Topic Goal and Follow up
Social & Strengthening community engagement and updating grievance
Environmental mechanisms in accordance with IFC PS5 standards. This includes
Management staff training, routine reporting to the Board, and systematic issue
tracking through the SDI system.
Sorowako: Compensation’s evaluation and resettlement practices.
Compensation & Land Preparation of Land Acquisition and Resettlement Framework
issue (LARF) to ensure compliance with national regulations and
international
Asuli: Access to Clean Human rights-based assessment of impacts on access to clean
Water water, water quality monitoring, and review of community-based
monitoring plans.
Tanamalia: Livelihood protection strategies, open and transparent dialogue
Livelihoods & about exploration activities, hydrological studies, and drafting of
Consultation MoUs as a basis for understanding with the community.
Security and Freedom Adjustment of security policies refers to the Voluntary Principles
of Expression on Security and Human Rights (VPSHR), human rights-based
Approach security training, and the involvement of independent facilitators
in community dialogue.
The progress of the implementation of the action plan will be updated regularly through PT
Vale’s official website in line with our commitment to transparency and open communication.
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Relocation and Rights to Land and Resources[GRI 14.12.2]
Human Rights Training for Security PT Vale recognizes that the company’s operational activities This framework includes:
Personnel[GRI 410-1] require access to land that is currently utilized by local 1. Development of clear, consistent, and transparent
communities. We are committed to avoiding relocation compensation policies;
The Company ensures that all security personnel whenever possible. However, if relocation becomes 2. Review of past payments and their impact on community
have adequate knowledge and understanding unavoidable, we will ensure that the process is carried out in livelihoods;
of human rights. To uphold this commitment, a fair, transparent, and participatory manner, respecting the 3. Open communication of the study results to stakeholders;
PT Vale implements training and certification in rights and well-being of the affected communities. 4. Taking the necessary corrective actions responsibly;
accordance with the provisions outlined in the 5. Clear separation between impact mitigation activities
Chief of the Indonesian National Police Decree In accordance with the IFC Performance Standard 5 (PS5), PT and social investment; and
No. 4 of 2020 on Self-Security In this provision, Vale collaborates with local communities to identify, prevent, 6. Proactive, documented, and inclusive consultation
material on law and human rights is part of the and manage the social and economic impacts resulting from processes.
mandatory training curriculum. land acquisition or restrictions on land use. The key principles
we adhere to include the protection of land rights, livelihoods, With this approach, our goals are to ensure that land acquisition
All security personnel, comprising Company staff and the fair treatment of all affected parties. and resettlement processes are carried out responsibly and
and those contracted through BUJPs officially in alignment with human rights principles, social justice, and
certified and registered under the Indonesian As part of our efforts to improve governance, PT Vale has sustainable development.
BUJP Association have undergone training and initiated a comprehensive diagnostic process to assess past
obtained official certification with the Gada compensation and resettlement practices, including in the
Pratama and Gada Madya qualifications from regions of Sorowako, Bahodopi, and Pomalaa. The goal of
the Indonesian National Police. this review is to evaluate whether past processes align with
applicable standards and identify necessary corrective actions.
This study also aims to anticipate potential claims arising from
shortcomings in previous processes and to manage community
expectations fairly.
To ensure consistency in standards across all operational
areas, PT Vale is developing a Land Access and Resettlement
Framework (LARF) that integrates compliance with national
regulations and international standards.
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Post-Relocation Recovery and Development Program for Sustainable
Livelihoods of the Dongi Community[GRI 14.12.2][GRI 14.12.3]
families as eligible recipients of resettlement rights. activities.
• Support for sustainable infrastructure: Efforts include
As part of our commitment to upholding human rights and the deployment of solar-powered streetlights and
promoting sustainable development, PT Vale has implemented the construction of eco-friendly sanitation facilities
an integrated relocation program in close collaboration with contribute to creating a healthier, safer, and more
local government and stakeholders, ensuring a participatory comfortable living environment for the community.
and inclusive approach. This program has been completed, and
currently PT Vale is focusing its efforts on strengthening the Key Infrastructure Accomplishments (2020–2024):
sustainable livelihoods of the Dongi community post-reloca- • Renovation of 57 housing units with proper sanitation
tion. systems.
• Renovation of community churches to support social and
The current focus of the program is to foster economic self- religious engagement.
sufficiency and improve community well-being through a • Construction and improvement of 1,400 meters of road
sustainable empowerment approach. Key initiatives include: access.
• Construction of a 1,800-meter road drainage system as
• Local economic training: Community members receive flood mitigation measure.
training in organic vegetable cultivation, the production • Construction of a clean water pipe network (2023–2024),
of natural fertilizers, and the development of herbal in parallel with a comprehensive AMDAL process aimed at
products. These initiatives enable new entrepreneurial sustainable development.
avenues while simultaneously reinforcing food security at
the household level. For a complete chronology of the Dongi Community relocation
• Local workforce empowerment: During the construction program and its key achievements, please visit:
of housing and infrastructure, approximately 90% of the
The To Karunsi’e Dongi tribe, one of the Indigenous groups
workforce has been sourced from the local community. https://vale.com/in/indonesia/esg/pemberdayaan-masyara-
in Sorowako, East Luwu, returned to the area in the 1970s
In addition to generating income, this engagement kat-dongi
after being displaced during conflicts in the 1950s. When the
contributes to skill development in construction and civil
To Karunsi’e Dongi tribe returned, a portion of the land they
engineering among community members.
reoccupied had been designated as part of PT Vale’s Contract
• Empowering the role of women: PT Vale actively
of Work area. To support the settlement process, the East
engages women’s groups in entrepreneurship training
Luwu Regency Government issued Regent Decree No. 166
and sustainable agricultural practices, enabling broader
of 2004, officially recognizing 57 Dongi community heads of
participation in household and community-level economic
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Community Engagement/Relationship [GRI 413-1]
Management of Impacts on Communities[GRI 413-1] [GRI Percentage
413-2] [POJK51-F.23] Number of Impact Management and
Region Of Villages In
We believe that managing social impacts on surrounding Villages Affected Forms of Social Investment
Operational Area
communities is a vital part of operational sustainability. To
that end, we follow best practices and internal company Sorowako Block
guidelines to minimize and address potential social impacts.
Nuha District 5 13% Air Pollution
Each operational site presents unique socio-political and Management Measures:
environmental challenges. Therefore, our approach to • Use of air filters
stakeholder engagement is adaptive, while remaining • Carbon emission reduction technologies
consistent with the principles of transparency and • Sustainable environmental management
accountability. We also recognize that open engagement
may give rise to new community expectations, the potential
for information misuse, and the need for additional resource Water Pollution
allocation. Management Measures:
• Runoff sedimentation ponds
We consistently implement various programs that provide • Wastewater treatment installations
indirect benefits to the community, such as road and bridge • Recycling of liquid and solid waste
improvements in Loeha Village and the provision of clean water • Sustainable environmental management
facilities in Mahalona Village. We believe that meaningful
engagement helps build trust and reduce the risk of social Soil Pollution
conflict, ultimately contributing to the establishment of a Management Measures:
sustainable social license to operate (SLO). • Reclamation of former mining land
• Recycling of solid waste
Most of our operations have implemented participatory • Sustainable environmental management
community engagement processes in social impact
assessments and community development programs as part Employment Opportunities
of our operational practices.[SASB EM-MM-210b.2] [GRI 413-2] Management Measures:
• Increase in real income
Below is a summary of the impact assessments from the three • Infrastructure development
main areas of our operations: • Food security programs
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Number of Villages Percentage Of Villages In Operational Impact Management and
Region
Affected Area Forms of Social Investment
Population Growth
Management Measures:
• Infrastructure development
• Food security programs
• Sustainable environmental management
Cultural Changes
Management Measures:
• Strengthening local social and cultural values
• Sustainable environmental management
Wasuponda District 6 15% • Food security program
• Increase in real income
• Infrastructure development
• Strengthening of local social and cultural aspects
• Sustainable environmental management
Towuti District 18 47% Air Pollution
Management:
• Use of air filters
• Carbon emission reduction technology
• Sustainable environmental management
Water Pollution
Management:
• Sedimentation ponds for runoff water
• Wastewater treatment plants
• Recycling of liquid waste
• Sustainable environmental management.
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Number of Villages Percentage Of Villages In Operational Impact Management and
Region
Affected Area Forms of Social Investment
Land Pollution
Management:
• Reclamation of former mining land
• Recycling of solid waste.
• Sustainable environmental management
Job opportunities
Management:
• Food security programs
• Increase in real income
• Infrastructure development
Population growth
Management:
• Infrastructure development
• Food security program
• Sustainable environmental management
Local cultural change
Management:
• Local social and cultural resilience program
• Sustainable environmental management
Malili District 9 23% Air Pollution (increased dust particles due to operational vehicle activity)
Management:
• Road improvement and vehicle speed limitation to reduce airborne dust
• Regular road maintenance and water spraying
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Number of Villages Percentage Of Villages In Operational Impact Management and
Region
Affected Area Forms of Social Investment
Water Pollution (potential water contamination due to industrial or project activities)
Management:
• Environmental management to maintain water quality
Employment Opportunities (availability of job opportunities for local communities)
Management:
• Food security programs to support community welfare
• Increase in real income
Population Growth (due to incoming workers from outside the area)
Management:
• Development of supporting infrastructure
• Spatial planning and provision of basic services
Changes in Local Culture
Management:
• Local social and cultural resilience programs
Pomalaa Block
Pomalaa District 12 55% Population Growth and Changes in Local Culture
Management:
• Program interventions to increase real income and preserve socio-cultural values
Increase in Dust Particles Due to Operational Vehicle Activity
Management:
• Regular road maintenance and water spraying
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Number of Villages Percentage Of Villages In Operational Impact Management and
Region
Affected Area Forms of Social Investment
Land Acquisition from Vulnerable Community Plantations
Management:
• Preparation of a Land Rehabilitation Program (LRP)
Baula Distric 10 45% Population Growth and Changes in Local Culture
Management:
• Program interventions to increase real income and preserve socio-cultural values
Increase in Dust Particles Due to Operational Vehicle Activity
Management:
• Regular road maintenance and water spraying
Land Acquisition from Vulnerable Community Plantations
Management:
• Preparation of a Land Rehabilitation Program (LRP)
Bahodopi Block
Bungku Timur 10 77% Population growth, local cultural changes
District Management:
• Real income increase program intervention, socio-cultural sustainability.
Waste piles
Management:
• Household waste management
Increased dust particles due to operational vehicle activities.
Management:
• Regular road maintenance and watering
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Number of Villages Percentage Of Villages In Operational Impact Management and
Region
Affected Area Forms of Social Investment
Bahodopi District 3 23% Population growth, local cultural changes
Management:
• Real income increase program intervention, socio-cultural sustainability.
Waste piles
Management:
• Household waste management.
Increased dust particles due to operational vehicle activities:
Management:
• Regular road maintenance and watering
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Grievance Mechanism[GRI 14.10][POJK F.24]
As part of its responsible stakeholder engagement approach,
Grievance Mechanism:
PT Vale Indonesia Tbk (PTVI) offers a grievance mechanism
that is easily accessible to all stakeholders, including local
communities. This mechanism serves as a tool for raising
concerns, complaints, or potential human rights violations.
To ensure its effectiveness and alignment with global best
practices, PT Vale has updated its Stakeholder Engagement
Plan and Grievance Mechanism to align with IFC Performance 3. Grievance Resolution
1. Grievance Submission
Standards and has conducted internal training for all relevant Valid grievances will be addressed through an
Grievances can be submitted verbally or in writing via
departments. appropriate resolution method, such as direct handling
email, phone, or complaint box. Once received, each
by the responsible unit, negotiation, consultation, or
grievance is recorded and forwarded to the relevant
Communication channels include a phone number, a third-party involvement. The agreed-upon resolution
party for investigation and follow-up.
complaint box, email and postal addresses, as well as regular will be documented in a report signed by both parties.
coordination meetings at the sub-district level. All complaints
are logged into the Stakeholder Demands and Issues (SDI)
System, reviewed and addressed according to procedures, and
communicated back to the reporter as part of transparency.
Complaint data is also periodically reported to PTVI’s Board of
Directors to ensure managerial support in addressing strategic
issues promptly. If human rights impacts are detected, PT Val 2.Grievance Investigation
4. Resolution Verification
is committed to taking corrective and mitigation actions fairly The grievance is reviewed by a team consisting of
The resolution is verified based on the signed
and effectively, in collaboration with relevant parties. External Relations and representatives from the
agreement and supported by evidence such as
relevant departments. Input from external parties,
photographs and written documentation. If both
PT Vale prioritizes the principles of legitimacy, accessibility, such as local government officials, may also be
parties are satisfied, the grievance is considered
fairness, transparency, and continuous learning, referring considered during the process. The evaluation will
resolved and the case is closed. Any new issues outside
to the UN Guiding Principles on Business and Human Rights determine whether the grievance warrants further
the scope of the original grievance will be treated as
(UNGPs) and ICMM guidelines. By providing a clear, open, action.
new and processed accordingly.
and inclusive grievance mechanism, PT Vale aims to continue
building harmonious and respectful relationships with local
communities and other stakeholders.
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Throughout 2024, there were a number of reports and
grievances submitted to PT Vale by the community and Number of % Total Reports
stakeholders, addressing a range of concerns related to social, Location
Grievance Completed
operational, and environmental aspects. These grievances are
an important part of building transparent and constructive
two-way communication between the company and the Sorowako 207 74.9%
surrounding community. The range of reported topics included
various issues, including environmental issues that are of Bahodopi 80 100%
common concern in efforts to maintain the sustainability of
operational activities.[POJK51 F.16] Pomalaa 86 76.1%
Here is a summary of the grievances received:
• The Sorowako operation area received 207 grievances,
Some complaints that are still in the process of being resolved
including issues such as road access and conditions,
are currently being worked on to achieve the best solution
compensation payments, land conflicts and land
for all parties. We recognize that each complaint has a unique
acquisition, job opportunities, access to water and water
context, therefore we are committed to resolving them with
resources, requests for permanent housing, property or
a fair and transparent approach. We ensure that there is open
home damage, water quality, dust, compliance with legal
communication with the complainant so that they feel valued
agreements, and involvement of service providers or
and heard.
suppliers.
In addition, we will continue to evaluate each stage that
• The Pomalaa operation area received 80 grievances, which
has been passed to ensure that the steps taken meet the
included issues related to land conflicts and acquisition,
standards of justice, human rights, and transparency. We are
as well as general information about the project such
also committed to continuing to learn from each complaint to
as scope and timeline. Other complaints involved dust,
prevent similar problems from occurring in the future.
compliance with legal agreements, fires, road or port
accidents, and issues with logging or deforestation.
• The Bahodopi operation area received 86 grievances,
including concerns about road access, employment
opportunities, property impact, land conflicts, and
requests for social support.
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Responsible Approach to Tanamalia Exploration
This engagement comprises sharing information about
exploration plans through print and digital media, as well
as direct discussions on potential impacts and mitigation
strategies. Community input informs the development of the
Land Access Plan (LAP) and fosters mutual understanding,
ensuring PTVI’s commitment to protecting community rights
and managing social impacts by reinforcing the concept
Vocational Program
of “co-existence framework” that we promote, where
Certified training programs aimed at developing a
communities can continue to carry out their activities with
skilled and competitive local workforce.
minimal impact from exploration activities.
SPT Vale also establishes constructive communication with
local governments, including regional councils, to ensure
exploration processes align with community expectations
and aspirations. All approaches are based on principles of
transparency, participation, and respect for human rights, while
supporting ESG best practices and international standards like
IFC. We assure that solutions related to livelihood and meeting Safari Ramadan
the needs of the community in Tanamalia will always be an Fostering engagement between the community
integral part of this process, in order to maintain a balance and the company, along with reinforcing the
between economic development and social protection. company’s social responsibility role.
In 2024, PT Vale continue to enhance stakeholder engagement
To ensure that exploration activities in Tanamalia are
through various initiatives, both formal and informal. This
conducted in an inclusive and responsible manner, PT Vale
engagement will be carried out through programs designed
complies with IFC Performance Standards and prioritizes
to encourage community participation and support social,
stakeholder engagement from the beginning. PT Vale actively
educational, and environmental development. Several
interacts with community groups, including farmers and local
programs have already been implemented, including:
organization representatives. This is done through both formal
and informal forums to assess their concerns about long-term
Talent Scouting
impacts on land, livelihoods, and access to clean water.
Preparation for entering college.
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Initiatives to Create Positive Impacts for
Society[POJK51-F.25]
PT Vale implements integrated social initiatives to create a Detailed information regarding the allocation of costs by
positive impact on the communities surrounding the mine, program type can be found in the Data Table chapter.
Improve their quality of life and plan for a sustainable economy
KSP Training 2024 Loeha Raya School after mining. This program involves partnerships between PPM Fund per Year (US$)
Enhancing the capacity of schools and educators the community, government, and the company to achieve 2024 2023 2022
through training in curriculum development and sustainable development.
school-based management 4,000,198 5,571,359 6,381,165
PT Vale improves the community’s quality of life through the
Community Development and Empowerment Program (PPM), Programs and
Sorowako Bahodopi Pomalaa* Total
focusing on fostering creative economic empowerment. Activities
developing infrastructure, and enhancing health and Education 142,608 25,430 - 168,038
education. This initiative aims to create job opportunities,
increase income, and facilitate access to education and Health 255,729 38.817 - 294,546
healthcare services.[GRI 203-1] [GRI 203-2] Real Income Level 181,517 176.671 57.448 415,636
World Environment Day Tanamalia Block
Vale’s commitment to the community is not limited to the Economic
Public awareness about the importance of caring for 832,568 49.929 - 882,497
active mining period but also extends to the sustainability Independence
the environment and transforming waste into valuable,
of their lives after mining operations cease. This program
useful products through careful management Social Culture 320,524 27.472 - 347,996
is designed to help communities manage local resources
sustainably, allowing them to continue to thrive and be self- Social
sufficient without relying on mining activities. 48,250 130,938 - 179,608
Environment
In 2024, we allocated US$4,000,198 as a direct reflection of Community
272,149 16,041 - 288,190
this commitment for the implementation of the Community Institutions
Development and Empowerment Program across the Infrastructure
operational areas of PTVI. Compared to the previous year, this Development that 1,244,470 179,637 - 1,424,107
17th August 2024 Independence Day Event amount is lower due to the delay in the commencement of Supports PPM
An event aimed to strengthen ties between villages in Regular PPM activities in the Pomalaa area, which is still in the
the Tanamalia Block and PT Vale. process of appointing a permanent official. Total 3,297,815 644,936 57,448 4,000,198
* The program has not been realized due to pending inauguration of definitive officials later
this year
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PPM Sorowako Realization[GRI 203-2]
Education inpatient care, as well as referrals. We also assist MSMEs in expanding market opportunities,
In 2024, PT Vale’s Community Empowerment and Development particularly at the regional level, in collaboration with the
Program (PPM) in the education sector focused on improving We also run disease prevention programs, with a focus on South Sulawesi Chamber of Commerce (APINDO). PT Vale has
the quality of education through the provision of supporting combating Dengue Fever through activities such as mosquito also taken the initiative to develop agro-tourism and tourism
facilities, enhancing the capacity of educators, and supporting nest elimination competitions and “Junior Jumantik Cadre” around Lake Matano and other areas as part of the Economic
access to education in remote areas in line with our previous training for elementary school students. We also launched a Independence Program.
commitments. program called “Martabak Berdasi” to address hypertension
and diabetes. To further support MSMEs and leverage the momentum of
One of our initiatives was the provision of school buses in Ramadan, we hosted the “UMKMFest,” in which 50 MSMEs
five villages—Balambano, Laskap, Pongkeru, Pasi-Pasi, and Additional educational programs include promoting participated. This event helped them expand their market
Harapan—helping to overcome transportation challenges. participation in the National Health Insurance (BPJS), helping networks and create new economic opportunities.
We hope that this facility will increase school attendance and the community register, and conducting “Drug Awareness
motivate students to continue their education. PT Vale also and Safe Driving” campaigns in collaboration with the
awarded postgraduate (Master’s and Doctoral) scholarships National Narcotics Board (BNN) targeting youth, parents, and
to community members to improve human capital in the educators.
surrounding areas. In August 2024, PT Vale granted scholarships
to 70 students from the University of Sembilanbelas November Public health education is crucial to fostering awareness about
Kolaka (USN) who demonstrated academic achievement but the importance of preventive healthcare. Our contributions
faced economic hardship. help improve access to quality healthcare and promote overall
community well-being.
These initiatives underscore PT Vale’s role in enhancing
access to quality education and empowering a smarter, more Economic Empowerment
competitive generation. Our economic empowerment programs in Sorowako focus on
increasing community income through organic farming, ca-
Health pacity-building, circular economy practices, and support for
Inco Hospital is one of our key contributions to improving the Micro, Small, and Medium Enterprises (MSMEs).
quality of life in communities around our operational areas,
particularly in enhancing public health services. These efforts include training and field school mentorship
for farmers, and technical and managerial capacity-building
The healthcare services we provide to the local community for MSME actors. The organic farming program involved 115
include check-ups, consultations, treatment, and referrals to participants from 10 Women Farmers Groups (KWT). Through
other hospitals if necessary. In the first quarter of 2024, 456 these trainings, we aim to help communities increase their
people from the community benefited from outpatient and income and strengthen the local economy.
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Socio-Cultural through waste banks in the villages of Matano, Towuti,
PT Vale supports religious and cultural preservation activities. Wasuponda, and Nuha. This includes waste management
We were involved in the renovation of mosques in several training and the production of goods from waste materials,
villages, such as Darul Amin Mosque in Puncak Indah Malili and such as aromatic candles made from used cooking oil.
Al-Furqan Mosque in Palopo. We also participated in cultural
events such as Luwu Anniversary and Luwu People’s Resistance The program targets a 30% reduction in waste generation
Day, and supported religious events such as the Tabligh Akbar and 70% managed waste treatment by 2025, aligned with
and the construction of Nurul Ilham Mosque in Lette, Mariso Presidential Regulation No. 97 of 2017 on the National Policy
Losari Regency. and Strategy for Household Waste Management (Jakstranas).
These efforts not only raise environmental awareness but also
In preserving local culture, PT Vale also supports eco-tourism create sustainable economic opportunities and strengthen
and environmental awareness efforts at Laa Waa River collaboration between communities, local governments, and
Park through tree planting and eco-tourism management PT Vale.
training. Through economic, cultural, and environmental
empowerment, PT Vale aims to create lasting positive impacts
for the community.
Environment
Our environmental programs span several locations. At Lake
Matano, PT Vale involves the local community in conservation
and ecosystem management efforts, including fish population
surveys, biodiversity maintenance, and sustainable use of
invasive species. These programs aim to protect endemic
species, improve ecological balance, and deliver economic
benefits.
We actively engage local youth through the Village-Owned
Enterprise (BUMDes) Nikkel, with the involvement of
local governments and youth organizations in policy
implementation. These efforts aim to raise environmental
awareness and deliver community-wide benefits.
Another key initiative is community-based waste management,
designed to reduce waste and create economic opportunities
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Realization of PPM in Pomalaa Realization of PPM in Bahodopi
In addition to curative approaches, the company also ran
In Pomalaa, PT Vale assists conventional farmers in Education
promotive and preventive initiatives such as the “One Tree, One
transitioning to environmentally friendly organic farming Throughout 2024, PT Vale Indonesia, through the IGP
House” program in Bohomahi Village to encourage balanced
through the Sustainable Environmentally Friendly Healthy Morowali Project, implemented various initiatives in the
nutrition consumption through planting moringa trees and
Agriculture Program (PSRLB). Our support includes training field of education to strengthen the capacity of the younger
conducting group exercise activities. PT Vale also supported
and guiding them in adopting the Organic Rice Intensification generation in the empowerment area. A total of 41 students
UKBM Herbal by mentoring PKK groups in eight villages in
System (SRI) and helping market their agricultural products. and university students from various schools and universities
areas such as production, sanitation, administration, and halal
This program has led to higher agricultural yields and increased in Indonesia participated in internship and research programs
certification for local herbal products. Several groups have
farmer incomes. that provided direct experience in the mining and community
obtained halal certification, expanding market access and
development sectors. In addition, various training programs
increasing the economic value of the community.
Additionally, we promote the conversion of organic waste were held to improve job readiness and local competitiveness,
into compost. Other community empowerment programs we such as job interview simulations, introduction to psychological
conduct in this area include processing medicinal plants into tests, and effective CV writing training.
quality herbal products. The local community has successfully
started producing Wedang Rempah, Rosella, Simplisia Bunga The company also organized personal development seminars
Telang, and Virgin Coconut Oil (VCO). We participated in the themed around growth mindset and the introduction of
International Conference and Expo on Jamu (Loloh) in Bali in artificial intelligence (AI) technology for youth in villages
December 2024 with these products. This program boosts local around the project area. As a form of social inclusion in
skills and opens up bigger market opportunities to showcase the education sector, PT Vale also facilitated equivalency
Pomalaa’s natural wealth globally. education programs Package B and C for those who have not
completed formal education, supporting equitable access to
education and sustainable development.
Health
In 2024, PT Vale Indonesia, through the IGP Morowali
Project, focused health efforts on addressing stunting and
improving nutrition for pregnant women and toddlers in
the empowerment area. In collaboration with the Morowali
Health Department and village cadres, the company provided
supplementary food and delivered nutrition education, growth
monitoring, and family guidance. This program is targeted
to be completed by the first quarter of 2025 as a long-term
strategy to strengthen the health of future generations.
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Real Income Level / Employment and Economic The results of this program are starting to show, such as
Independence Lumako Chili Sauce winning the Favorite Award at the 2024
Through the IGP Morowali Project, PT Vale Indonesia promotes Nusantara Chili Festival, and the participation of supported
sustainable local economic transformation with a focus MSMEs in the Jamu International Expo to promote local herbal
on increasing real income, job creation, and strengthening products. PT Vale carries out a community-based MSME
community value chains. The Sustainable Environmentally development strategy in a sustainable manner, in line with ESG
Friendly Healthy Agriculture Program (PSRLB) has supported principles and supporting SDG targets related to economic
the cultivation of 11.89 hectares of organic rice in four growth, industrial innovation, and sustainable consumption
villages and 4.59 hectares of organic vegetables in seven and production.
villages, successfully obtaining certification from INOFICE.
This program strengthens food security while enhancing the Social and Cultural
quality and competitiveness of local agricultural products. PT Vale Indonesia, through the IGP Morowali Project, continues
to demonstrate its commitment to preserving local culture
Business innovation is being developed through PEPSOLI, an and building inclusive social development. Throughout the
organic farming business model that integrates production, year, various initiatives have been carried out to strengthen
distribution, and marketing of organic rice. PEPSOLI products cultural identity and enhance social cohesion. Support was
have reached various market segments with varied packaging, provided for the district-level Quran Recitation Competition
supported by digital marketing strategies and participation (MTQ) and the implementation of the Local Cultural Festival,
in exhibitions. Through collaborative approaches with farmer which featured traditional games such as “Mehule” and the
groups, stores, local agents, and middlemen, as well as the “Luminda” dance, as an effort to preserve cultural heritage
use of appropriate technology, PEPSOLI has expanded its and encourage youth involvement.
distribution reach while creating added value from agricultural
by-products. Additionally, the company showed social concern through
the distribution of aid for residents affected by the fire in
Bahomotefe Village. All of these initiatives reflect a responsive
Economic Independence and sustainable community-based approach, in line with the
PT Vale Indonesia, through the IGP Morowali Project, Social Responsibility principle within the ESG framework, and
continues to strengthen the MSME sector as a pillar of local support the achievement of SDG 4, SDG 10, and SDG 11.
economic independence. Throughout 2024, support was
provided through interactive and practical training in Laroue
Village, covering business planning, production management,
and marketing strategies for three business groups: Nata de
Coco, Smoked Fish, and Lumako Chili Sauce. This approach
aims to create adaptive and innovative entrepreneurs capable
of competing in a broader market.
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participated in the “UMKM Naik Kelas” program and received
Community Empowerment in Environmental Management
facilitation in branding development and market expansion.
As part of its commitment to participatory environmental governance,
PT Vale Indonesia, through the IGP Morowali Project, continues to
In the field of environmental management, PT Vale also
promote community-based waste management to create a self-
supported the establishment of LPM Valone Jaya in Onepute
sustaining, standardized, and adaptive system. Throughout the
Village as the manager of the 3R waste management site.
year, support was provided for the operation of the Onepute Jaya
This institution was supported in financial management and
3R waste management site, including the development of technical
activity reporting, and is being explored as a community-
SOPs, increasing community participation, and waste segregation
based replication model. These efforts strengthen local social
education. At the same time, preparations for the establishment of
capacity and responsible governance, in line with the Social
a new 3R waste management site in Dampala Village were underway,
Governance principle within the ESG framework, and support
adhering to technical standards from the Ministry of Public Works
the achievement of SDG 8, SDG 11, and SDG 17.t
and involving cross-stakeholder coordination.
Supporting Infrastructure for Community
PT Vale also strengthened the institutional capacity of the LPM
Development Programs (PPM)
Valone Jaya as the manager of the 3R waste management site through
As a form of development based on community aspirations, PT
financial management training and accountability support.
Vale Indonesia, through the IGP Morowali Project, continued
the implementation of the Village Participation Program
Environmental education programs were expanded to primary
throughout 2024. This program allows local residents to directly
schools, encouraging early awareness. Within four months, the
determine development priorities through a consultation
number of customers at the Onepute Jaya 3R site increased by more
forum. By the fourth quarter of 2024, six infrastructure
than 100%, reflecting improved community participation. Moving
projects were completed, including the construction of village
forward, this model will be replicated in other villages as a strategy to
fences, tourism facilities, breakwaters, and clean water
build an inclusive waste management ecosystem based on community
reservoirs. These infrastructures aim to improve public access,
empowerment.
basic services, and support socio-economic activities.
Community Institutional Formation
Seven additional activities are still under construction and are
PT Vale Indonesia, through the IGP Morowali Project, places
targeted for completion by the first quarter of 2025, while two
strengthening local institutions as a key element in achieving
other villages are in the administrative preparation stage. This
sustainable empowerment. Throughout the year, support was
program not only strengthens physical infrastructure but also
focused on strengthening community organizations such as TPK,
fosters local governance, active participation, and cross-sector
herbal communities, and MSMEs in supported villages, covering
collaboration. These initiatives reflect the company’s
aspects of governance, product innovation, and marketing strategies
commitment to ESG principles, particularly in governance and
relevant to local potential. In Laroue Village, three official MSMEs
social responsibility, and support the achievement of SDG 6,
were established—Berkah Jaya, Lumako, and Bahonala—that have
SDG 9, and SDG 11.
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Pineapple Agrotourism Program in Tabarano Village Award 2024 in the category of Community Development and
Empowerment (PPM). This award serves as recognition of our
As part of PT Vale’s commitment to community empowerment dedication and motivates us to further develop programs
and environmental preservation, we have developed an that have a positive impact on the community.
initiative in the beautiful landscape of Tabarano Village,
East Luwu Regency, South Sulawesi. We have partnered The evaluation of this program was conducted using the
with the local community to run the Tabarano Agrotourism Community Satisfaction Index (IKM) method, which measures
Program, which marks a new chapter in the village’s economic satisfaction levels in three phases: planning, implementation,
development and environmental conservation. and socio-economic impact. The evaluation results showed
a satisfaction rate of 78.86%, indicating that the majority of
Launched in early 2024, we are working together to convert the community is satisfied with the program. The program
previously unused, disaster-prone land into a productive was rated highly in terms of community participation,
and sustainable agricultural area. On this 1.5-hectare plot, understanding of cultivation techniques, and technical
15,000 pineapple seedlings have been planted. This initiative support from PT Vale. However, there is still room for
was designed not only to generate economic opportunities improvement, particularly in helping the community better
but also to protect the area from potential natural disasters understand the program and take part in planning and using
such as droughts, fires, and landslides that frequently occur. what they’ve learned.
The villagers were also taught how to grow pineapples in an
eco-friendly way, without the use of chemical fertilizers.
“With the establishment of this pineapple
“
horticultural area, we are able to help families that
fall under the poverty category. We have employed
15 villagers and plan to expand the area,” said Rimal
Manukallo, Head of Tabarano Village.
According to the village head, Rimal Manukallo, this initiative
has opened up job opportunities while enhancing the skills
of the locals in sustainable farming. Even more encouraging,
our efforts have been recognized with the prestigious Subroto
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Laa Waa River Park: Sustainable Ecotourism for the
While this program has had positive impacts, evaluations
Community and Nature
show that some improvements are needed. One of the key
Laa Waa River Park, located in Matano Village, Nuha District, areas is getting the community more involved, which is still
East Luwu Regency, is a successful example of sustainable being planned. We also need to improve communication to
ecotourism management. The name “Laa Waa” means “never build a stronger sense of ownership and avoid confusion.
dry,” and it is located by Lake Matano, offering stunning Additionally, to ensure this program lasts in the long run, it
natural beauty. Since the opening in 2022, Laa Waa River Park is important to strengthen the skills of local facilitators and
has not only become a popular tourist destination but has also build up the community’s abilities. Focusing on growing local
had a significant economic impact on the local community. small and medium-sized businesses (SMEs) and the tourism
industry is key to helping the community become economically
Through the Community Development and Empowerment independent.
Program (PPM), we have helped the development of Laa Waa
“
River Park by building a community hall, providing speedboats,
photo
and supplying a village ambulance. This support is important
because the village is hard to reach—Lake Matano limits access
“I traveled all the way from Jakarta to East Luwu
to the area.These facilities help facilitate access to healthcare
and visited Laa Waa River Park. I am very happy; the
and improve mobility for the residents.
long journey was worth it because of its beauty.
Moreover, the place is very clean, you couldn’t find
The park not only showcases the area’s natural potential but
a piece of trash,” said Tias, a visitor to Laa Waa River
also creates job opportunities and boosts the income of local
Park.
residents. As the number of visitors to Laa Waa River Park
grows, so do small and medium-sized business opportunities
for the community. The introduction of digital payment
facilities and affordable entry fees has further simplified this
process.
In 2022, Laa Waa River Park was ranked among the top 50 best
tourist villages in Indonesia. This award serves as evidence that
ecotourism management, which involves the community and
is environmentally conscious, can create sustainable positive
impacts.
In over 50 years of mining activities, the ecosystem of
Lake Matano has remained well-preserved, proving our
commitment to environmental sustainability.
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Organic Farming Transformation in Kolaka: Blessings We are proud that this program has created a positive impact
from PT Vale’s Program on the lives of farmers, as explained by Watno, the head of
the Kolaka Organic Farmers Association. Farmers have now
Our journey in introducing the System of Rice Intensification
switched to environmentally friendly farming practices and no
(SRI) or Organic Rice Cultivation Method to the community
longer rely on chemicals in agriculture.
in Kolaka was not without its challenges. A group of farmers
in Puuroda Village, Kolaka, was initially hesitant when we
They gained more than just farming knowledge; they
approached them to try this method through the Sustainable,
also learned about marketing and product development.
Environmentally Friendly Agricultural Program (PSRLB).
Additionally, PT Vale supported the promotion of their
This hesitation was understandable as the SRI method was
agricultural products. The organic rice produced is now
new to them and different from their conventional farming
marketed at a more competitive price of IDR 20,000 per
system, which heavily relied on chemical fertilizers. After
kilogram.
agreeing to give it a try, we began providing technical training,
understanding the importance of sustainable farming, and
As of now, 56 farmers have joined our development program,
how to manage agricultural products.
with a total planting area of nearly 12 hectares, and they have
completed 12 harvests.
Mustari, one of the farmers who participated in the program,
is grateful for his decision to join the PSRLB training.
The new knowledge provided by this program helps other
“
farmers maintain their health in a natural and environmentally
friendly way.
“We were initially unsure, but after seeing the
results, we are very thankful. Organic farming really
makes a difference. It required more work in the
beginning, but the results have been very satisfying.
Organic farming not only reduces costs but also
yields better results,” said Mustari, a participant in
the PSRLB program.
The SRI Organic method that we introduced to the farmers in
Puuroda Village resulted in much higher yields. Mustari now
harvests up to five tons of rice per hectare, far higher than the
yields when he used the conventional farming method.
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Another farmer, Salmi, shared how her health has improved
after participating in this program. Salmi, who had heart
disease, started consuming organic rice and herbal medicine
available through the PSRLB program.
We are proud of the success of this program, as it has not only
boosted agricultural harvests but also enhanced the health
and well-being of farmers. This aligns with the principles
of sustainability and Environment, Social, and Governance
(ESG). PT Vale hopes that PSRLB can strengthen farmers’
economic independence and support environmentally friendly
agriculture for a sustainable future.
“By learning from the PSRLB-UKBM Herbal program,
“
we have avoided purchasing pesticide toxins and
synthetic chemical fertilizers. Another benefit we
gained is that the organic SRI rice harvest exceeds
previous yields when we were using chemical
fertilizers and pesticides. One proof of this is that
from the organic SRI rice harvest, I was able to buy
a new motorcycle. We are grateful to PT Vale for
guiding us,”
Mr. Rudin
Organic SRI Rice Farmer in Ululere Village.
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About This Report
Page 164
About This Report
This Sustainability Report reflects PTVI’s commitment
to transparency and accountability in managing key
sustainability issues in 2024. Through this report, we aim
to provide a comprehensive overview to all stakeholders—
including the government, employees, labor union represen-
tatives, non-governmental organizations (NGOs), civil society,
investors, customers, and suppliers—about our efforts and
achievements in conducting responsible operations.
In this report, we intend to share PTVI’s sustainability journey,
focusing on our strategic approach and corporate governance.
We also outline concrete steps we have taken to enhance
operational efficiency, address challenges, protect the
environment, and deliver positive contributions to surrounding
communities.
As a testament to accountability, PTVI’s Sustainability Report
has been approved by the Board of Directors and Board of
Commissioners, the highest governance bodies responsible
for implementing and overseeing sustainability aspects within
the company. This report has also undergone an external
assurance process by an independent party, PT Sejahtera
Rambah Asia, based on the Board of Directors’ approval. There
were no conflicts of interest during the verification process
conducted on 10–15 April 2025.[GRI 2-5][GRI 2-14]
163 Sustainability Report 2024
Page 165
Reporting Principles
GRI Reporting Principles
The Sustainability Report for the fiscal year 2024 has been
prepared with reference to the following frameworks,
Accuracy Completeness
regulations, standards, and ESG rating indicators:
We report information that is correct We provide sufficient information
and detailed, enabling the assessment to evaluate the Company’s impacts
• Law No. 40 of 2007 concerning Limited Liability
of the Company’s impacts. during the reporting period.
Companies;
• Financial Services Authority (OJK) Regulation No. 51/
POJK.03/2017 on the Implementation of Sustainable Balance Sustainability Context
Finance for Financial Services Institutions, Issuers, and We present information in an unbiased We report our impacts within the
Public Companies; manner, providing a fair representation broader context of sustainable
• Global Reporting Initiative (GRI) Standards 2021; of both positive and negative impacts. development.
• GRI 14: Mining Sector 2024;
• Sustainability Accounting Standards Board (SASB) Metals
and Mining Standard 2021;
Timeliness
• MSCI (used as a reference for disclosure-related Clarity
We disclose information on a regular
indicators); We communicate information in a way
schedule, ensuring it is available for
• Sustainalytics (used as a reference for disclosure-related that is accessible and understandable.
decision-making.
indicators);
• International Council on Mining and Metals (ICMM) (used
as a reference for disclosure-related indicators).
Comparability Verifiability
We select, compile, and report We gather, record, compile, and
By integrating the best international standards and complying
information consistently to enable analyze information in a manner that
with national regulations, PTVI is committed to presenting
analysis over time and comparisons allows for verification of its quality.
a relevant, accountable report that meets stakeholder
with other companies.
expectations both locally and globally. This approach ensures
that our ESG reporting aligns with best practices as well as
applicable legal provisions in Indonesia and international
standards.
164 Sustainability Report 2024
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Reporting Scope and
Boundaries
This Sustainability Report presents a comprehensive overview 1. Domestic Component Level (TKDN)
PTVI greatly values all feedback and responses
of PTVI’s operational activities across all business units. An adjustment was made due to differences in data collection
from readers of this Sustainability Report. We
The primary data is sourced from our Sorowako operations, methods. In the 2024 report, local suppliers counted are
encourage readers and report users to share
complemented by data from Bahodopi and Pomalaa.[GRI 2-2] those with a valid TKDN certification, which differs from the
suggestions, feedback, opinions, or any other
previous year when the calculation was based on the Domestic
insights that could help improve the quality of
It is important to note that operations in Bahodopi and Production Level.
our sustainability reporting.
Pomalaa are currently in the construction phase. This affects
the complexity and completeness of available data. Therefore, 2. Procurement Value by Suppliers
To facilitate your participation, we have provided
in certain sections of the report, data from these two locations An adjustment was made to align the calculation method with
a Feedback Form at the end of this report.
is presented separately, with adjusted indicator coverage. the approved Work Plan and Budget (RKAB).
Your contributions are highly valuable and will
Additionally, project costs related to Bahodopi and Pomalaa
play a key role in supporting the continuous
are not included in operational expenditure calculations, 3. Employees with Disabilities Data
improvement of our future reports.
as they are still classified as capital expenditure (Capex) and The calculation was adjusted based on categorization in
recorded as fixed assets in the financial statements. Once accordance with Law No. 8 of 2016 concerning Persons with
Please submit completed feedback forms via
these projects enter the operational phase, related data and Disabilities.
email to:[GRI 2-3]
costs will be fully consolidated. Further explanation regarding
ptvicommunications@vale.com
the scope and reporting boundaries for each material topic is 4.Employee data
provided in the Material Topics Disclosure section. The Board of Directors is excluded from the total employee
Note for the Year 2023[POJK51 G.3]
data calculation.
In the 2023 reporting period, PTVI did not
This report covers data and information from the period
receive any formal feedback on its published
of January 1 to December 31, 2024, and represents our 14th
sustainability report.
Sustainability Report. Several restatements have been made
to previous report data to ensure the accuracy and consistency
of the information presented. These include adjustments to
the following data sets:[GRI 2-3][GRI 2-4]
165 Sustainability Report 2024
Page 167
Material Topic Disclosure[GRI 3-2]
As outlined in the chapter “Sustainability Management in Creating Long-Term
Value,” the determination of material topics is carried out by considering the
most relevant issues for PTVI and its stakeholders. Through a comprehensive
double materiality assessment, PTVI has identified nine material topics that form
the foundation for the development of the Company’s sustainability strategy.
These topics have been updated from the previous reporting period to ensure
responsiveness to emerging issues, including the addition of new topics related
to human rights, which we consider highly relevant and essential to support our
operational sustainability.
To complement this explanation, the following table presents the alignment
between PTVI’s material topics and relevant disclosure indicators based on GRI
and SASB standards, aimed at enhancing transparency and accountability through
reference to globally recognized reporting frameworks.
166 Sustainability Report 2024
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Material Topics and GRI/SASB Disclosure References
Specific Material Topic Disclosure
Material Topic Related Sustainability Topics
GRI SASB
1 Good Corporate Governance • Good Corporate Governance (GCG) • GRI 204: Procurement Practices Business Ethics and Transparency
• Cyber Security and Data Privacy • GRI 205: Anti-corruption 2016 EM-MM-510a.1
• GRI 206: Anti-competitive Behavior 2016 EM-MM-510a.2
• GRI 207: Tax 2019
• GRI 301: Materials 2016
• GRI 415: Public Policy 2016
• GRI 418: Customer Privacy 2016
• GRI 14: Topic 14.22 Anti-corruption
• GRI 14: Topic 14.23 Payments to governments
2 Water and Effluent • Water and Effluent Management • GRI 303: Water and Effluents Water Management
Management • Environmental Management System EM-MM-140a.1
• Responsible Production EM-MM-140a.2
3 Waste Management • Waste Management (B3 and Non-B3) • GRI 306: Waste and Waste 2016 Waste & Hazardous Materials Management
(Hazardour and • Residue Management • GRI 306: Waste 2020 EM-MM-150a.4
Non-Hazardous) • Environmental Management System EM-MM-150a.5
• Responsible Production EM-MM-150a.6
EM-MM-150a.7
EM-MM-150a.8
EM-MM-150a.9
EM-MM-150a.10
167 Sustainability Report 2024
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Material Topics and GRI/SASB Disclosure References
Specific Material Topic Disclosure
Material Topic Related Sustainability Topics
GRI SASB
Tailings Storage Facilities Management
EM-MM-540a.1
EM-MM-540a.2
EM-MM-540a.3
4 Emission and Energy • Emissions and Energy Management • GRI 201: Economic Performance 2016 Greenhouse Gas Emissions
Management • Climate Adaptation and Resilience • GRI 302: Energy 2016 EM-MM-110a.1
• Environmental Management Systems • GRI 305: Emissions 2016 EM-MM-110a.2
• Responsible Production
Air Quality
EM-MM-120a.1
Energy Management
EM-MM-130a.1
5 Biodiversity and Land Use • Land Closure and Rehabilitation • GRI 101: Biodiversity 2024 Biodiversity Impacts
• Biodiversity • GRI 304: Biodiversity 2016 EM-MM-160a.1
• Environmental Management Systems • GRI 402: Labor/Management Relations 2016 EM-MM-160a.2
• Responsible Production • GRI 404: Training and Education 2016 EM-MM-160a.3
• GRI 14: Topic 14.8 Closure and rehabilitation 2024
6 Occupational Health and • Occupational Health and Safety • GRI 403: Occupational Health and Safety 2018 Occupational Health and Safety
Safety EM-MM-320a.1
168 Sustainability Report 2024
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Material Topics and GRI/SASB Disclosure References
Specific Material Topic Disclosure
Material Topic Related Sustainability Topics
GRI SASB
7
Industrial Relations and • Human Resource Development • GRI 202: Market Presence 2016 Labour Practices
Labour Rights • Industrial Relations and Labor Rights • GRI 401: Employment 2016 EM-MM-310a.1
• GRI 402: Labor/Management Relations 2016 EM-MM-310a.2
• GRI 404: Training and Education
• GRI 405: Diversity and Equal Opportunity 2016
• GRI 406: Nondiscrimination 2016
• GRI 407: Freedom of Association and Collective
Bargaining 2016
• GRI 408: Child Labor
• GRI 409: Forced or Compulsory Labor
• GRI 14: Topic 14.20 Freedom of Association and
Collective Bargaining
8 Relationship with • Community Engagement/Relations • GRI 201: Economic Performance
Communities and Community • Economic Impacts • GRI 203: Indirect Economic Impacts
Involvement • GRI 410: Security Practices 2016
• GRI 413: Local Communities 2016
• GRI 14: Topic 14.9 Economic Impacts
• GRI 14: Topic 14.10 Local Communities
• GRI 14: Topic 14.12 Land and Resource Rights
9 Community Human Rights • Resettlement • GRI 14: Topic 14.12 Rights to land and resources Community Relations
• Community Human Rights • GRI 14: Topic 14.25 Conflict-affected and high-risk EM-MM-210b.1
areas EM-MM-210b.2
169 Sustainability Report 2024
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Our Contribution
Penjelasan Tema to Through membership and sustainability initiatives: The Indonesia Business
Council for Sustainable Development (IBCSD), PT Vale participates in designing
the Sustainable Development Goals business contribution documents to support the SDGs.
BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS
Target Indicator Target Strategy Achievements
2. Zero Hunger End all forms of Stunting prevalence Reduce stunting rates in East Launch the Stunting Prevention PT Vale distributed 309 healthy food
malnutrition, including (short and very short) in Luwu District to 14% and create and Nutrition Fulfillment packages to nine health centers, formed
by 2025 achieving children under five years a healthy and productive young Movement (Genzi), focusing on Peer Mentors, and organized a Nutritional
internationally agreed old. generation. nutrition education, healthy Action Campaign with the Luwu Timur
targets for stunting and food provision, and nutrition Youth Forum. Additionally, PT Vale
wasting in children under action campaigns. collaborated with BKKBN to implement
5 years old, and meeting Healthy Kitchens to Combat Stunting and
the nutritional needs strengthen nutrition and health services in
of adolescent girls, empowerment areas.
pregnant and lactating
women, and the elderly.
3. Good Health and Achieve universal health Essential health services Employee participation in BPJS Mandatory participation in BPJS • Achieve 100% BPJS Health membership
Well-being coverage, including coverage. Health. Health for PT Vale employees for PT Vale employees.
financial risk protection, and encourage contractors, • Achieve 100% BPJS Health membership
access to quality partners, and vendors to for contractor employees, partners, and
essential health care register their employees with vendors.
services, and access to BPJS Health.
safe, effective, quality,
and affordable medicines
and vaccines for all.
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BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS Target Indicator Target Strategy Achievements
5. Gender Equality Reduce all forms of Availability of legal Increase the number of female • Implement the Diversity, • Conduct DEI Charter socialization to
discrimination against frameworks that employees and employees with Equity, and Inclusion (DEI) employees and stakeholders.
women. promote, set, and disabilities. Charter. • Increase the proportion of female
monitor gender • Recruit more female employees to 11.6% by 2024.
equality and eliminate employees and employees • Achieve 2% disability employee
discrimination based on with disabilities, considering representation by 2024.
gender. the type of work.
Building the resilience Proportion of women in Providing equal opportunities Implementing capacity‑build‑ Achieved a 10.9% representation of
of poor and vulnerable managerial positions. and support for female ing programs to enhance women in managerial positions, with 18
communities, and employees to assume employees’ knowledge, skills, female employees in those roles—an
reducing their managerial roles. and competencies in line with outcome that underscores the Company’s
susceptibility to the organization’s needs and commitment to gender equality and
climate‑related evolving business challenges. the empowerment of women in the
extreme events as well workplace.
as economic, social,
environmental, and
disaster‑related shocks.
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BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS Target Indicator Target Strategy Achievements
7. Affordable and Clean Expand infrastructure Installed renewable Renewable energy for PT Vale Optimize clean energy, power By 2024, 30.6% of PT Vale’s total energy
Energy and enhance technology energy capacity in operations with 100% clean stability, waste heat utilization, consumption comes from renewable
for providing modern developing countries (in energy generation to achieve solar power utilization, and fuel energy sources, such as three hydroelectric
and sustainable energy watts per capita). energy independence by 2030. conversion. plants and B35 biodiesel, which not
services to all developing only supply the majority of operational
countries, particularly electricity needs but demonstrates the
least developed company’s commitment to clean energy
countries, small island transition and sustainability.
developing states, and
developing countries.
10. Reduced Inequality Ensure equal Proportion of human Raise awareness of human • Conduct human rights Preserve local cultures through
opportunities and reduce rights violations rights, including gender awareness campaigns and collaboration with the local Mekongga
inequality in outcomes, addressed. diversity and inclusivity, among training for employees. community, including the construction of
including by eliminating leaders (supervisors and above) • Empower indigenous a pavilion at the Mekongga King’s tomb to
discriminatory laws, and employees. communities through support traditional activities.
policies, and practices, integrated community
and promoting empowerment and
appropriate legislation, development programs.
policies, and actions.
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BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS Target Indicator Target Strategy Achievements
11. Sustainable Cities Significantly reduce the Number of deaths, Be part of the efforts to Deploy emergency response Actively provide disaster relief.
and Communities number of deaths and missing persons, and accelerate the recovery of teams to disaster areas and
the number of people people affected by disaster-affected areas. provide assistance to affected
affected by disasters, disasters per 100,000 regions.
and substantially people.
decrease the economic
losses in relation to
global GDP due to
disasters, including
water-related disasters,
with a focus on
protecting the poor and
vulnerable.
12. Responsible Manage chemicals • Percentage reduction • Gradually reduce the • Discontinue the use of • Discontinue the use of HCF‑22 (CHF₂Cl)
Consumption and and waste throughout in ozone-depleting consumption of ozone- HCF-22 freon and replace it refrigerant and transition to more
Production their life cycle in substances from depleting substances to with alternative refrigerants environmentally friendly alternatives.
an environmentally baseline. zero, compared to the with zero Ozone Depletion Currently, most refrigerant in use is
sound manner, and • (a) Hazardous waste baseline. Potential (ODP), such as R32. R32, which has an Ozone Depletion
significantly reduce generated per capita; • Reduce hazardous waste • Improve operational Potential (ODP) of 0.
chemical pollution and and (b) Proportion per capita and increase the efficiency to reduce • A total of 1,453 tons of hazardous
waste to air, water, and of hazardous waste proportion of hazardous hazardous waste, and and toxic waste (B3 waste) have been
soil to minimize adverse handled/treated waste that is safely utilized develop facilities and successfully repurposed, underscoring
impacts. based on the type of or treated according to partnerships for its the company’s commitment to reducing
handling/treatment. regulations. utilization through its environmental impact.
appropriate treatment.
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BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS Target Indicator Target Strategy Achievements
Targeting substantial Amount of waste Reduce the volume of waste Promote innovation in the reuse A total of 377,964.29 tons of slag has been
reductions in waste recycled. disposed into the environment of slag as construction material repurposed as construction material and
production by 2030 by increasing the reuse rate and mine road surfacing. mine road surfacing, demonstrating the
through prevention, of non-hazardous waste company’s efforts to support the circular
reduction, recycling, and (non-B3), as well as supporting economy and reduce industrial waste.
reuse. the implementation of circular
economy principles throughout
the operational supply chain.
Encouraging companies, • Number of companies • Sustainability reports • Standardize reporting • Publish the Sustainability Report
particularly large publishing their published regularly. according to GRI and POJK annually since 2011.
and multinational sustainability reports. • ISO 14001:2015 certification No. 51/POJK.03/2017. • Renew ISO 14001:2015 certification.
corporations, to adopt • Number of companies for Environmental • Conduct periodic ISO
sustainable practices and implementing SNI ISO Management Systems. 14001:2015 assessments.
integrate sustainability 14001 certification.
information into their
reporting cycles.
Support developing Installed renewable Renewable energy for PT Vale Optimize clean energy, power 30.6% of the energy sources used in
countries in energy generation operations with 100% clean stability, waste heat utilization, operations in 2024 are from renewable
strengthening capacity (in watts per energy generation to achieve solar energy utilization, and energy sources.
their scientific and capita). energy independence by 2030. fuel conversion.
technological capacity
to transition to more
sustainable consumption
and production patterns.
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BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS Target Indicator Target Strategy Achievements
13. Climate Action Integrate climate change • Greenhouse gas (GHG) • Move towards low-carbon • Optimize energy Not using B30 biodiesel and fully switch to
mitigation measures inventory, monitoring, and carbon-neutral consumption in the supply B35.
into national policies, reporting, and operations by 2050. chain, replace fuels with
strategies, and planning. verification of GHG • Achieve a 33% reduction in lower-carbon alternatives,
emissions reported GHG emissions by 2030. and electrify heavy mining
in the Biennial • 100% clean energy and supporting equipment.
Update Report production to achieve energy • Convert fossil fuels to
(BUR) and National independence by 2030. renewable energy sources,
Communications. rehabilitate pre-mining
• Amount of GHG areas, and conduct
emissions per year. cross-border reforestation.
16. Peace, Justice, and Significantly reduce Anti-Corruption Increase awareness of ethics Conduct campaigns and Conduct the following activities:
Strong Institutions corruption and bribery in Behavior Index (ACBI). and continuous improvement. training on anti-corruption and • Conduct Ethics & Compliance,
all forms. ethics & behavior. Anti-Bribery, and Anti-Corruption
Provide Vale Reporting training for new employees.
Channels to report allegations • Anti-Bribery & Corruption awareness
and complaints related for all employees and leadership.
to bribery, extortion, and • Raise awareness about reporting
nepotism. channels via posters, banners, and
e-flyers.
• Conduct online ethics training for all PT
Vale employees.
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BAPPENAS METADATA PT VALE’S SUPPORT
SUSTAINABLE
DEVELOPMENT GOALS Target Indicator Target Strategy Achievements
17. Partnerships for the Strengthen the Proportion of domestic Direct and indirect Taxes and non-tax revenues TTaxes and non-tax revenues paid to the
Goals mobilization of domestic budget funded by contributions to local paid to the Luwu Timur District Luwu Timur District government, including
resources, including domestic taxes. governments. government, including local local revenue, transfer income, and other
through international revenue, transfer income, legitimate regional income.
support to developing and other legitimate regional
countries, to enhance income.
domestic capacity in
tax collection and other
revenue generation.
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Data TableTema
Penjelasan
06 About PT Vale Indonesia Tbk
Business Scale Economic Value is Generated and Distributed (Thousand US$)
Description Unit 2024 2023* 2022* Nickel Production Realization in Matte
Number of Workers 2024 2023 2022 %
Description
Employees of PT Vale Indonesia Tbk Person 3,038 3,018 2,929 1 2 3 1:2 2:3
Production Volume Production 71,311 70,728 60,090 0.8 17.7
Nickel Production in Matte Ton 71,311 70,728 60,090 Sale 72,625 70,108 60,960 3.6 16.7
Business Revenues
Total Revenue Thousand 990,388 1,232,263 1,179,452
US$ 07 Sustainability Management in Growing
Net Profit for the Current Year 57,761 274,334 200,401
Long-Term Value
Total Capitalization
Total Liabilities 443,752 361,462 303,336 Supplier Involvement Proportion
Thousand
Total Equity 2,732,776 2,564,537 2,354,780
US$ 2024 2023 2022
Description
Total Assets 3,176,528 2,925,999 2,658,116
Total % Total % Total %
*Restatement: Directors excluded from total employee calculation
Local 151 15% 158 17% 301 11%
Domestic Component Level (TKDN) National 632 62% 629 66% 2,051 74%
Description 2024* 2023** 2022*** International 235 23% 163 17% 432 16%
TKDN Achievement 25.37% 36.04% 55.82% Total 1,018 100% 950 100% 2,784 100%
*2024 data is the result of self-assessment with the same method, but the verification process is still ongoing.
**Restatement of 2023 data: Results after verification
***Restatement of 2024 data: Results after verification
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Supplier Procurement Value (US$) [GRI 204-1]
2024 2023 2022
Description
Jumlah % Jumlah % Jumlah %
Local 116,623,037.23 15% 96,389,658.55 11% 128,307,342.32 18%
National 611,153,381.01 77% 627,139,936.48 74% 516,979,943.74 71%
International 68,768,362.08 9% 119,703,373.33 14% 78,339,538.99 11%
Total 796,544,780.33 100% 843,232,968.36 100% 723,626,825.04 100%
08 Leading Through Ethical Governance
Handling of Violation Reports Through Vale Whistleblower Channel (VWC)
Description 2024 2023 2022
Number of Reports Received 23 34 27
Number of Reports Followed Up 17 30 20
Percentage of Valid Reports 74% 94% 74%
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09 Enhancing Our Commitment to the Environment
Volume of Energy Consumption in Organizations (GJ) [GRI 302-1][POJK51-F.6] [SASB EM-MM-130a.1]
Energy Sources (a, b) Allocation (c) Unit 2024 2023 2022
Non Renewable
Coal Drying Kilns/Tanur Pengering GJ 5,380,753.10 4,477,155.00 3,221,576.00
Reduction Kilns – Reductant/Tanur Reduksi
GJ 3,263,552.46 3,399,804.00 3,226,794.00
– Reductant
Reduction Kilns – Combustion/Tanur
GJ 2,611,034.77 1,761,553.00 1,685,919.00
Reduksi – Combustion
Total Firing Kilns/Total Tanur Pembakar GJ 11,255,625.11 9,638,512.00 8,134,288.00
High Speed Diesel (HSD) Thermal Generators/Pembangkit Thermal GJ 1,349.89 9,269.00 2,506.00
Steam Boilers/Ketel Uap GJ 6,631.87 7,740.00 6,804.00
PP Dryer Furnaces & Others/PP Tanur
GJ 370,522.86 335,981.00 314,318.00
Pengering & Lainnya
Reduction Kilns/Tanur Pereduksi GJ 29,650.21 40,555.00 47,087.00
Refining – 78% Nickel/Pemurnian – Nikel
GJ 38,950.98 40,571.00 36,775.00
78%
Heavy Vehicles/Kendaraan Berat GJ 1,700,685.55 1,593,558.00 1,409,259.00
Light Vehicles, Trucks, and Others/
GJ 108,137.52 216,462.00 119,638.00
Kendaraan Ringan, Truk dan Lainnya
Total GJ 2,255,928.89 2,244,136.00 1,936,386.00
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Energy Sources (a, b) Allocation (c) Unit 2024 2023 2022
High Sulphur Fuel Oil (HSFO) Steam Boilers/Ketel Uap GJ 30,696.12 24,928.00 11,811.00
Drying Kilns/Tanur Pengering GJ 1,202,834.46 1,600,666.00 1,980,456.00
Reduction Kilns/Tanur Pereduksi GJ 8,097,404.44 8,669,728.00 7,088,557.00
Total GJ 9,330,935.01 10,295,322.00 9,080,824.00
Gasoline Light Vehicles/Kendaraan Ringan GJ 7,367.19 5,784.00 6,625.00
Renewable
Hydroelectric Power Plants GJ 8,935,798.81 8,791,124.00 7,797,981.00
Biodiesel B30 Processing Plant/Pabrik Pengolahan GJ - 150,766.00 580,916.00
Biodiesel B35 GJ 789,575.11 609,554.00 N/A
Non-Renewable + Renewable Energies (e) 31,785,655.01 30,974,879 26,956,105
Energy Intensity [GRI 302-3][POJK51-F.6]
Description Unit 2024 2023 2022
Nickel Production Amount Ton 71,310.68 70,728.00 60,090.00
Amount of Energy Used GJ 31,785,655.01 30,974,879.00 26,956,105.00
Energy Intensity GJ/Ton Ni 445.73 437.90 448.60
Reduction of Energy Consumption [GRI 302-4]
Energy Sources Unit 2024 2023 Volume Change Percentage Change
HSFO Barrel 1,509,299.55 1,654,992.70 -145,693.15 -8.80%
HSD Liter 68,261,137.58 68,057,320.00 203,817.58 0.30%
Batu Bara Ton 403,351.64 347,362.00 55,989.64 16.12%
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GHG Emission Intensity Value Calculation Results [GRI 305-1] [GRI 305-2] [GRI 305-4] [POJK51-F.11][SASB EM-MM-110a.1]
Description Unit 2024 2023 2022
Scope 1 Ton CO2eq 2,132,973.00 2,029,486.00 1,745,817.00
Scope 2 Ton CO2eq 2,769.00 2,827.00 2,735.00
Total Ton CO2eq 2,135,742.00 2,032,313.00 1,748,552.00
Nickel Production Amount Ton 71,310.68 70,728.00 60,090.00
GHG Emission Intensity Ton CO2eq/Ton 29.95 28.73 29.10
Results of Measurement and Calculation of SO2 Emission Intensity [GRI 305-7] [POJK51-F.11][SASB EM-MM-120a.1]
Description Unit 2024 2023 2022
Nickel Production Amount Ton 71,311 70,728 60,090
Amount of SO2 Emissions Ton SO2eq 52,172.00 53,188.00 43,377.00
Emission Intensity 0.73 0.75 0.72
Ton SO2eq/Ton Ni
SO2 Quality Standard 0.80 0.80 0.80
Results of Measurement and Calculation of Particulate Emission Intensity [GRI 305-7] [POJK51-F.11][SASB EM-MM-120a.1]
Description Unit 2024 2023 2022
Nickel Production Amount Ton 71,311 70,728 60,090
Amount of Particulates Emitted Ton Particulates 879 600 681
Ton Particulates/
Particulate Emission Intensity 0.012 0.007 0.009
Ton Ni
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Water Consumption Intensity Value [GRI303-5][SASB EM-MM-140a.1]
Description Unit 2024 2023 2022
Nickel Production Amount Ton 71,310.68 70,728.00 60,090.00
m3 8,498,939.00 7,561,108.00 8,519,762.00
Water Usage Volume
Megaliter 8,498.94 7,561.10 8,519.80
m3/Ton Ni 118.35 106.90 141.80
Water Consumption Intensity
Megaliter/Ton Ni 0.12 0.11 0.14
Water Disposal Based on Disposal Destination [GRI 303-4]
Disposal Destination Unit 2024
Surface water
Lake Matano m3 25,639,690
Lake Mahalona m3 20,648,522
Salo Lamunto River m3 3,705,430
Petea River m3 50,716,129
Total water discharge 100,709,801
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Waste Production [GRI 306-3]
Activity Types of Waste Unit 2024 2023 2022 2021
Production Used oil and grease Ton 1,135.5 1,094.5 1,079.7 1,102.0
Production Used batteries and accumulators Ton 30.4 56.2 53.6 54.6
Production Garbage containing heavy metals Ton 934.9 488.4 356.8 2.5
Production Asbestos waste Ton 2.0 5.8 3.8 3.5
Hazardous Waste Production Health care waste (incinerator ash) Ton 3.8 3.6 4.1 4.3
Production Waste contaminated with oil and grease Ton 525.3 295.9 292.1 360.1
Production Special waste Ton 54.5 62.5 45.4 47.4
Production Medical waste Ton 10.21 34.1 29.8 29.8
Production Total Hazardous Waste Ton 2,696.6 2,041.0 1,865.3 1,604.2
Mining Topsoil WMT 371,243.67 468,061.40 495,832.20 459,314.20
Mining Overburden WMT 36,012,124.64 30,112,378 29,607,650 35,979,568
Production Furnace slag Ton 4,212,058 4,131,817 3,533,347 3,739,088
Production Converter slag Ton 380,417 409,568 377,804 417,906
Non-Hazardous Waste Production Total Ton 4,592,475 4,541,385 3,911,151 4,156,994
Supporting Non-industrial household waste generated Ton 1,461 875 670 1,001
Supporting Separated non-industrial household waste % 17 15.1 15.2 10.2
Supporting Industrial household waste produced Ton 5,906 6,378 6,295 3,492
Supporting The resulting scrap metal waste Ton 6,347 5,786 7,497 5,229
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Effluent Quality Measurement Results 2024 [POJK51 F.13]
Parameters, Quality Standards and Measurement Results
Processed Volume
Location TSS Jumlah Cr Cr6+ Fe Ni
(m3)
<200 ppm 0.5 ppm 0.1 ppm 5 ppm 0.5 ppm
Petea East 11,900,854 11.13 0.09 0.02 0.04 0.01
Petea West 13,099,563 10.84 0.08 0.02 0.04 0.01
Petea Far East 38,815,275 11.84 0.07 0.01 0.04 0.01
Lorraine 1,872,745 2.91 0.03 0.005 0.026 0.011
Kathryn 7,175,570 7.09 0.08 0.01 0.42 0.03
Lamoare Creek A 3,184,204 5.12 0.09 0.01 0.01 0.01
Lamangka 1 6,494,250 4.23 0.06 0.02 0.02 0.02
Lamangka 2 4,866,408 6.76 0.14 0.01 0.02 0.02
Lamangka 3 8,862,665 18.17 0.19 0.01 0.04 0.02
Petea Washing Pad 307,608 11.59 0.07 0.01 0.07 0.03
Petea D3 West 3,705,430 9.01 0.09 0.02 0.03 0.01
Total 100,284,572
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Area of Disturbed
and Rehabilitated Land (Ha) [GRI 304-3] [GRI 14.8.6]
Total Accumulated Area
of Disturbed Area Area of Land Rehabilitated in Accumulation of Unrehabilitated
Area Disturbed in Current Year
Year Not Yet Rehabilitated Current Year Land Area at the End of the Year
at the Beginning of the Year
1 2 3 1+2-3
2024 2,014.1 177.7 178.9 2,104.3
2023 1,958.4 230.2 224.4 1,964.2
2024 2,054.1 199.8 295.4 1,958.4
IPPKH, Area and Percentage of Protected Areas [GRI 304-1][SASB EM-MM-210a.1][SASB EM-MM-160a.3]
Protected Area Area Estimated Reserves
Block IPPKH Number Percentage Proven Reserves (Ha)
(Ha) (Ha)
SK No.645/MenLHK/SetJen/PLA.0/12/2018 8,199
Sorowako SK No.866/MenLHK/SetJen/PLA.o/10/2021 3,730 41% 1.986 1,462
SK No.850/MenLHK/SetJen/PLA.0/10/2021 17,239
SK No.341/MenLHK/SetJen/PLA.0/5/2019 2,143
Bahodopi 68% 0 0
SK No.5/MenLHK/SetJen/PLA.0/1/2022 2,493
Pomalaa SK No.238/1/KLHK/2021 11,439 46% 440 1,011
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List of Protected Fauna Species Based on the IUCN Red List [GRI 304-4]
Local Name Species Name Conservation Category
Monyet Digo Macaca ochreata Vulnerable
Rusa Timor Rusa timorensis Vulnerable
Anoa Bubalus sp. Endangered
Babi Hutan Sus celebensis Near threatened
Cabai Panggu Kelabu Dicaeum celebicum Least concern
Cabai Panggu Kuning Dicaeum aureolimbatum Least concern
Elang Bondol Haliastur indus Least concern
Elang Alap Kecil Accipiter nanus Near Threatened
Elang Alap Nipon Accipiter gularis Least concern
Elang Hitam Ictinaetus malayensis Least concern
Alap-alap Sapi Falco moluccensis Least concern
Elang Alap Ekor Total Accipiter trivirgatus Least concern
Elang Ular Sulawesi Spilornis rufipectus Least concern
Elang Tiram Pandion haliaetus Least concern
Kadalan Sulawesi Rhamphococcyx calyorhynchus Vulnerable
Tiong Lampu Sulawesi Coracias temminckii Least concern
Kepudang Sungu Biru Coracina temminckii Least concern
Udang Merah Sulawesi Ceyx fallax Near Threatened
Pelatuk Kelabu Sulawesi Mulleripicus fulvus Least concern
Julang Sulawesi Rhyticeros cassidix Vulnerable
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Local Name Species Name Conservation Category
Kangkareng Sulawesi Rhabdotorrhinus exarhatus Vulnerable
Serindit Sulawesi Loriculus stigmatus Least concern
Tir-kiring Bukit Prioniturus platurus Least concern
Raja Perling Sulawesi Basilornis celebensis Least concern
Maleo Senkawor Macrocephalon maleo Endangered
List of Protected Flora Species Based on the IUCN Red List Daftar Spesies Flora Dilindungi Berdasarkan Daftar Merah IUCN [GRI 304-4]
Local Name Species Name Conservation Category
Agathis Agathis dammara Vulnerable
Eboni Diospyros celebica Vulnerable
Manggis Hutan Garcinia celebica -
Jambu-jambu Kjellbergiodendron celebicum -
Kayu asa Lithocarpus celebicus Least concern
Buri Weinmannia devogelii -
Angsana Dillenia serrata Least concern
Bayur Pterospermum celebicum Least concern
Belimbing Majo Sarcotheca celebica -
Cenrana Pterocarpus indicus Endangered
Kantong Semar Maksimum Nepenthes maxima -
Kantong Semar Bersungut Nepenthes tentaculata Least concern
Kantong Semar Nepenthes petiolata Vulnerable
Beluang Stemonurs celebicus -
Lokomomo Deplanchea bancana Least concern
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Local Name Species Name Conservation Category
Kayu Mata Kucing Hopea celebica Vulnerable
Dengen Dillenia serrata Least concern
Kumea Manilkara fasciculata Vulnerable
Knema Knema matanesis Least concern
Location and Area of Watershed Rehabilitation by PT Vale in 2024
South Sulawesi Batch 1
Regency Watershed Area (Ha)
Labongko Watershed, Kalaena Watershed, and Pongkeru
East Luwu 1,490.00
Watershed
North Luwu Rongkong Watershed 895.00
Tomboe Watershed, Keppe Watershed, Larompong
Luwu 1,101.00
Watershed, and Lamasi Watershed
Tana Toraja Saddang Watershed 1,190.00
North Toraja Saddang Watershed dan Paremang Watershed 329.00
Enrekang Saddang Watershed 200.00
Pinrang Saddang Watershed 450.00
Soppeng Bila Walanae Watershed 400.00
Bone Bila Walanae Watershed dan Matuju Watershed 1,735.00
Barru Lisu Watershed 250.00
Maros Bila Walanae Watershed 1,000.00
Gowa 1 Jeneberang Watershed 100.00
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South Sulawesi Batch 1
Regency Watershed Area (Ha)
Jeneberang Watershed, Kelara Watershed, dan Tangka
Gowa 2 735.00
Watershed
Takalar Pamukkulu Watershed 125.00
Total 10,000.00
West Java
Regency Watershed Area (Ha)
Sumedang Cipunagara Watershed 191.00
Pangandaran Cikembulang Watershed and Cikeuleuweung Watershed 35.00
Cisaringi, Cipatujah I, Cikamunding, Cipanyerang,
Tasikmalaya Cipalireman, Cilanglah, Cilangiah I, Ciwulang, Cimedang, 209.00
Cipacor, Cipadabumi, and Cipadabumi II watersheds
Total 435.00
South Sulawesi Batch 2
Regency Watershed Area (Ha)
Barru Lisu (South) and Malusetasi 212.00
Bone Pangkajene and Baleng 249.00
Enrekang Saddang (South) 556.00
Gowa Tangka 79.00
Jeneponto Cikoang 66.00
Kota Pare-Pare Karajae 58.00
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South Sulawesi Batch 2
Regency Watershed Area (Ha)
Luwu Suli (West and South), Suso and Battang 605.00
Luwu Timur Kalaena (West) 1,350.00
Pinrang Saddang (West) 427.00
Sidenreng Rappang Sawitto - Kariago - Rappang 134.00
Tana Toraja Saddang (East) 214.00
Wajo Gilireng 280.00
Total 4,230.00
Central Sulawesi Batch 1
Regency Watershed Area (Ha)
Palu Palu (North) 17.00
Tojo Una-Una Bongka 2,293.00
Total 2,310.00
Bali
Regency Watershed Area (Ha)
Klungkung Tabuana 75.00
Total 75.00
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10 Human Resource Excellence for Sustainable Growth
Number and Percentage of Local Workers Number of Employees by Position and Gender [GRI 405-1]
Description Unit 2024 2023 2022 2024 2023 2022
Position and
Gender
Number of Employees Person 3,038 3,018* 2,929* Male Female Total Male Female Total Male Female Total
Number of Local Employees Person 2,516 2,589 2,550 Management 30 4 34 24 4 28 17 2 19
Percentage of Local Employees % 83 86 87 General
*Restatement: Directors are excluded from the total employee count
Manager or 112 13 125 104 11 115 83 10 93
Specialist
Number and Percentage of Employees by Gender, Persons with Senior Staff or
473 102 575 402 79 481 358 64 422
Disabilities, and Local Workers [GRI 405-1] Manager
Staff 685 155 840 691 131 822 680 102 782
2024 2023* 2022*
Description
Non-Staff 1.386 78 1.464 1.489 83 1.572 1.536 77 1.613
Total % Total % Total %
Total 2.686 352 3.038 2.710 308 3.018 2.674 255 2.929
Pria 2,689 88.5 2,710 89.8 2,674 91.3
Gender Wanita 352 11.6 308 10.2 255 8.7
Total 3,038 100 3,018 100 2,929 100 Number of Employees of PT Vale Indonesia Tbk by Age and Gender [GRI 405-1]
Age Group and 2024 2023 2022
Persons with
70 2.3 64 2.1 58 1.9 Gender
Disabilities Male Female Total Male Female Total Male Female Total
Local Workers 2,516 82.8 2,589 85.8 2,550 87.1
> 50 Years 577 28 605 539 24 563 555 17 572
*Restatement: Adjustment of calculation with categorization of Law no.8 of 2016
30-50 Years 1,980 254 2,234 2,059 228 2,287 2,042 210 2,252
< 30 Years 129 70 199 112 56 168 77 28 105
Total 2,686 352 3,038 2,710 308 3,018 2,674 255 2,929
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Number of Employees of PT Vale Indonesia Tbk Based on Education Level and Gender [GRI 405-1]
2024 2023 2022
Educational Level and Gender
Male Female Total Male Female Total Male Female Total
Doctoral Degree | Ph.D 8 1 9 1 - 1 1 - 1
Master’s Degree 68 26 94 56 22 78 51 16 67
Bachelor’s Degree 769 219 988 700 176 876 607 133 740
Diploma 301 64 365 276 57 333 284 58 342
Senior High School 1,526 42 1,568 1,657 53 1,710 1,705 48 1,753
Junior High School 14 - 14 20 - 20 26 - 26
Total 2,686 352 3,038 2,710 308 3,018 2,674 255 2,929
Number of Employees by Employment Status and Gender [GRI 405-1]
2024 2023 2022
Employment Status and Gender
Male Female Total Male Female Total Male Female Total
Permanent Employee 2,607 322 2,929 2,653 280 2,933 2,621 252 2,873
Non-permanent Employee 79 30 109 57 28 85 53 3 56
Total 2,686 352 3,038 2,714 309 3,018 2,674 255 2,929
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Number of Employees Based on Placement Area and Gender
2024 2023 2022
Placement Area and Gender
Male Female Total Male Female Total Male Female Total
Jakarta Head Office 58 35 93 45 26 71 45 23 68
Makassar Representative Office 5 3 8 3 2 5 4 2 6
Sorowako 2,477 266 2,743 2,550 243 2,793 2,625 230 2,855
Pomalaa 71 29 100 56 21 77 15 3 18
Bahodopi 74 19 93 55 16 71 0 0 0
Palu 1 0 1 1 0 1 0 0 0
Total 2,686 352 3,038 2,710 308 3,018 2,674 255 2,929
Number of Employees Who Are Not Direct Workers [GRI 2-8]
Jakarta Makassar Sorowako Pomalaa East Bungku
Year
Male Female Male Female Male Female Male Female Pria Wanita
2024 13 3 4 2 7,659 1,040 0 0 0 0
2023 3 2 0 0 8,680 1,028 0 0 0 0
2022 3 1 0 0 7,420 800 0 0 0 0
Maternity leave [GRI 401-3]
Description Unit 2024 2023 2022
The total number of employees entitled to maternity leave Person 209 195 180
Total number of employees taking maternity leave Person 7 4 6
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Description Unit 2024 2023 2022
Total number of employees who returned to work in the reporting
Person 7 4 6
period after maternity leave ended
Total number of employees returning to work after maternity leave
Person 7 4 6
ended, who were still employed 12 months after returning to work
The rate of employees returning to work after taking maternity
% 100% 100% 100%
leave
The rate of employees returning to work and being retained after
% 100% 100% 100%
taking maternity leave
Number of Employees Who Underwent Performance Reviews by Gender and Category
2024 2023 2022
Employee Categories
Male Female Male Female Male Female
Senior General Management 37 5 28 5 21 3
General Management 112 13 104 11 82 8
Senior Staff 474 102 402 79 360 62
Staff 689 153 691 131 682 101
Non-staff 1,415 78 1,489 83 1,541 78
Jumlah 1,493 1,572 1,619
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Occupational Health and Safety Statistics [GRI 403-9]
2024 2023 2022
Indicator
Sorowako Bahodopi Pomalaa Sorowako Bahodopi Pomalaa Sorowako Bahodopi Pomalaa
Lost Time Injuries 1 0 0 3 0 0 2 0 0
First Aid Injuries 20 2 10 0 1 13 0 0
Near Miss Unsafe Action, Unsafe
59 6 1 62 0 0 70 0 0
Condition
Days Lost due to Accident
400 0 0 0.51 0 0 254.14 0 0
(Severity Rate)
Total Accident Rate (Frequency
0.30 0.27 0 0.31 0 0 0.68 0 0
Rate)
Number and Rate of Occupational Accidents GRI 403-9]
Sorowako Bahodopi Pomalaa
Occupational Accident Level
Total Rate Total Rate Jumlah Tingkat
2024
Minor 15 0.51 2 0.55 1 0.39
Moderate and Severe 2 0.07 0 0 0 0
Fatal 0 0 0 0 0 0
Total 17 0.57 2 0.55 1 0.39
2023
Minor 0 0 0 0 0 0
Moderate and Severe 3 0.25 0 0 0 0
Fatal 0 0 0 0 0 0
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Sorowako Bahodopi Pomalaa
Occupational Accident Level
Total Rate Total Rate Jumlah Tingkat
Total 3 0.25 0 0 0 0
2022
Minor 0 0 0 0 0 0
Moderate and Severe 6 0.25 0 0 0 0
Fatal 1 0 0 0 0 0
Total 7 0.25 0 0 0 0
Distribution of PPM Fund Assistance
2024 2023 2022
Programs and Activities
Sorowako Bahodopi Pomalaa Jumlah Sorowako Bahodopi Pomalaa Jumlah Sorowako Bahodopi Pomalaa Jumlah
Education 142,608 25,430 - 168,038 151,579 92,010 5,004 248,593 116,670 0 4,038 15,705
Health 255,729 38,817 - 294,546 408,288 143,181 73,070 624,539 943,347 179,242 4,058 1,126,647
Real Income Level 181,517 176,671 57,448 358,188 348,902 158,310 188,432 695,644 1,069,078 97,000 7,159 1,076,334
Economic Independence 832,568 49,929 - 882,497 963,783 - 12,780 976,573 522,478 - - 522,478
Socio-cultural 320,524 27,472 - 347,996 210,895 221,654 61,509 494,058 156,075 62,546 143,430 232,964
Social Environment 48,250 130,938 - 179,188 106,903 112,946 - 219,849 18,445 4,581 13,687 36,713
Community Institutions 272,149 16,041 - 288,190 169,821 74,053 - 243,874 252,885 - - 252,885
Infrastructure Development
1,244,470 179,637 - 1,424,107 1,321,323 233,437 513,469 2,068,229 2,264,607 389,234 132,609 2,786,450
that Supports PPM
Total 3,297,815 644,936 57,448 3,942,750 3,681,504 1,035,591 854,469 5,571,359 5,343,585 732,603 304,977 6,381,165
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POJK IndexTema
Penjelasan [POJK G.4] The POJK index in this report is compiled based on:
• Financial Services Authority Regulation (POJK) Number 51/POJK.03/2017
• Circular Letter of the Financial Services Authority (SEOJK) Number 16/
SEOJK.04/2021
TOPIC PAGE
A Sustainability Strategy
A.1. Sustainability Strategy Explanation 36
B Sustainability Aspect Performance Overview
B.1. Economic aspects, containing at least: 4, 25
a. Quantity of production or services sold;
b. Income or sales;
c. Net profit or loss;
d. Environmentally friendly products; and
e. Involvement of local parties related to the Sustainable Finance business process.
B.2. Environmental aspects, containing at least: 5-6
a. Energy usage;
b. Reduction of emissions produced;
c. Reduction of waste and effluent; and
d. Conservation of biodiversity.
B.3. Social Aspects 7-8
C Company profile
C.1. Vision, Mission and Sustainability Values
C.2. Company's address 21
C.3. Business Scale, containing at least: 22-23, 116
a. Total assets or asset capitalization and total liabilities;
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TOPIC PAGE
b. Number of employees by gender, position, age, education, and employment status;b. Jumlah karyawan menurut jenis kelamin,
jabatan, usia, pendidikan, dan status ketenagakerjaan;
c. Name of shareholder and percentage of share ownership; and
d. Operational area.
C.4. Products, Services and Business Activities Carried Out
C.5. Membership of the Association 30
C.6. Significant Changes in Issuers and Public Companies 29
D Directors’ Explanation
D.1. Directors' Explanation 12
a. Policies to respond to challenges in fulfilling sustainability strategies
b. Implementation of Sustainable Finance
c. Target achievement strategy
E Sustainability Governance
E.1. Responsible for Implementation of Sustainable Finance 60
E.2. Competency Development Related to Sustainable Finance 71
E.3. Risk Assessment of Sustainable Finance Implementation 70
E.4. Stakeholder Relations 38
E.5. Problems in the Implementation of Sustainable Finance 63
F Sustainability Performance
F.1. Activities to Build a Culture of Sustainability 34
Economic Performance
F.2. Comparison of Production Targets and Performance, Portfolio, Financing or Investment Targets, Income and Profit and Loss 25
Comparison of Portfolio Targets and Performance, Financing or Investment Targets in Financial Instruments or Projects that are in
F.3. Not relevant
Line with Sustainable Finance
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TOPIC PAGE
Environmental Performance
General Aspects
F.4. Environmental Costs
Material Aspect
F.5. Use of Environmentally Friendly Materials 93
Energy Aspect
F.6. Amount and Intensity of Energy Used 92, 179-180
F.7. Efforts and Achievements of Energy Efficiency and Use of Renewable Energy 93
Water Aspect
F.8. Water Usage 99
Aspects of Biodiversity
F.9. Impacts of Operational Areas Near or Located in Conservation Areas or Areas with Biodiversity 110
F.10. Biodiversity Conservation Efforts 106
Emission Aspects
F.11. Amount and Intensity of Emissions Generated Based on Type 94, 181
F.12. Efforts and Achievements in Emission Reduction 94
Waste and Effluent Aspects
F.13. Amount of Waste and Effluent Generated Based on Type 100, 184
F.14. Waste and Effluent Management Mechanism 101
F.15. Spills that Occur (if any) 101
Environmental Complaints Aspects
F.16. Number and Material of Environmental Complaints Received and Displeasing 150
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TOPIC PAGE
Social Performance
F.17. Commitment to Provide Equivalent Products and/or Services to Consumers 27
Employment Aspects
F.18. Equal Employment Opportunity 120
F.19. Child Labor and Forced Labor 119
F.20. Regional minimum wage 124
F.21. Decent and Safe Working Environment 127
F22. Employee Training and Skill Development 122
Community Aspects
F.23. Impact of Operations on Surrounding Communities 143
F.24. Public Complaints 149
F.25. Environmental Social Responsibility (TJSL) Activities 152
Responsibility for Sustainable Product/Service Development
F.26. Innovation and Development of Sustainable Financial Products/Services 65
F.27. Products/Services That Have Been Evaluated for Safety for Customers 65
F.28. Product/Service Impact 65
F.29. Number of Products Recalled 65
F.30. Customer Satisfaction Survey on Sustainable Financial Products and/or Services 65
G Others
G.1. Written Verification from Independent Party (if any)
G.2. Feedback Sheet 218
G.3. Response to Previous Year Sustainability Report Feedback 165
List of Disclosures in Accordance with Financial Services Authority Regulation Number 51/POJK.03/2017 concerning the
G.4. 197
Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies
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GRI Index Tema
Penjelasan
NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 2: General 2-1 Organizational details 21,23,24
Disclosures 2021
2-2 Entities included in the organization’s
165
sustainability reporting
2-3 Reporting period, frequency and contact
165
point
2-4 Restatements of information 165
2-5 External assurance 163
2-6 Activities, value chain and other business
23-24
relationships
2-7 Employees 116
2-8 Workers who are not employees 193
2-9 Governance structure and composition 68-69
2-10 Nomination and selection of the highest
governance body 68
2-11 Chair of the highest governance body 68
2-12 Role of the highest governance body in
70-71
overseeing the management of impacts
2-13 Delegation of responsibility for managing
70-71
impacts
2-14 Role of the highest governance body in
163
sustainability reporting
2-15 Conflicts of interest 77
2-16 Communication of critical concerns 78
2-17 Collective knowledge of the highest
71
governance body
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
2-18 Evaluation of the performance of the
74
highest governance body
2-19 Remuneration policies 74
2-20 Process to determine remuneration 74
2-21 Annual total compensation ratio 74
2-22 Statement on sustainable development
12, 36
strategy
2-23 Policy commitment 36
2-24 Embedding policy commitments 34, 64, 76
2-25 Processes to remediate negative impacts
2-26 Mechanisms for seeking advice and raising
78
concerns
2-27 Compliance with laws and regulations 67
2-28 Membership associations 30
2-29 Approach to stakeholder engagement 38
2-30 Collective bargaining agreements 117
GRI 3: Material Topics 3-1 Process to determine material topics 46
2021
3-2 List of material topics 48, 166
3-3 Management of biodiversity impacts 63, 81, 84
GRI 101: Biodiversity 2024 101-1 Policies to halt and reverse biodiversity
106 14.4.2
loss
101-2 Manajemen dampak keanekaragaman
106 14.4.3
hayati
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
All disclosures Irrelevant information PT Vale does not
access genetic
resources or
traditional
knowledge in
its operations.
Therefore, this
101-3 Access and benefit-sharing -
indicator is
not considered
relevant in the
context of the
Company’s
operational
activities.
101-4 Identification of biodiversity impacts 84 14.4.4
101-5 Locations with biodiversity impacts 109 14.4.5
101-6 Direct drivers of biodiversity loss 107 14.4.6
101-7 Changes to the state of biodiversity 109 14.4.7
101-8 Ecosystem services 107 14.4.8
GRI 201: Economic 201-1 Direct economic value generated and
26 14.2.2
Performance 2016 distributed
14.2.2
201-2 Financial implications and other risks and
26 14.9.2
opportunities due to climate change 14.23.2
201-3 Defined benefit plan obligations and other
124
retirement plans
201-4 Financial assistance received from
26 14.23.3
government
GRI 202: Market Presence 202-1 Ratios of standard entry-level wage by
124 14.17.2
2016 gender compared to local minimum wage
202-2 Proportion of senior management hired
128 14.21.2
from the local community
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
203-1 Infrastructure investments and services
GRI 203: Indirect 152 14.9.3
supported
Economic Impacts 2016
203-2 Significant indirect economic impacts 152 14.9.4
GRI 204: Procurement
204-1 Proportion of spending on local suppliers 64,178 14.9.5
Practices 2016
GRI 205: Anti-corruption 205-1 Operations assessed for risks related to
76 14.22.2
2016 corruption
205-2 Communication and training about anti-
63,76 14.22.3
corruption policies and procedures
205-3 Confirmed incidents of corruption and
76 14.22.4
actions taken
GRI 206: Anti-competi- 206-1 Legal actions for anti-competitive
27
tive Behavior 2016 behavior, anti-trust, and monopoly practices
GRI 207: Tax 2019 207-1 Approach to tax 28 14.23.4
207-2 Tax governance, control, and risk
28 14.23.5
managemen
207-3 Stakeholder engagement and
28 14.23.6
management of concerns related to tax
207-4 Country-by-country reporting 28 14.23.7
GRI 301: Materials 2016 301-1 Materials used by weight or volume 113
301-2 Recycled input materials used 113
301-3 Reclaimed products and their packaging
113
materials
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 302: Energy 2016 302-1 Energy consumption within the
93, 179 14.1.2
organization
302-2 Energy consumption outside the
93 14.1.3
organization
302-3 Energy intensity 93, 180 14.1.4
302-4 Reduction of energy consumption 93, 180
302-5 Reductions in energy requirements of
94
products and services
GRI 303: Water and 303-1 Interactions with water as a shared
98, 99 14.7.2
Effluents 2018 resource
303-2 Management of water discharge-related
98 14.7.3
impacts
303-3 Water withdrawal 98, 99 14.7.4
303-4 Water discharge 98, 182 14.7.5
303-5 Water consumption 99, 182 14.7.6
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 304: Biodiversity 304-1 Operational sites owned, leased, managed
2016 in, or adjacent to, protected areas and areas of 109, 110, 185
high biodiversity value outside protected areas
304-2 Significant impacts of activities, products
186
and services on biodiversity
304-3 Habitats protected or restored 185
304-4 IUCN Red List species and national
conservation list species with habitats in areas 186-187
affected by operations
GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG emissions 94, 181 14.1.5
305-2 Energy indirect (Scope 2) GHG emissions 94, 181 14.1.6
305-3 Other indirect GHG emissions (Scope 3) 94 14.1.7
305-4 GHG emissions intensity 94, 181 14.1.8
305-5 Reduction of GHG emissions 94-95 14.1.9
305-6 Emissions of ozone-depleting substances
95
(ODS)
305-7 Nitrogen oxides (NOx), sulfur oxides (SOx),
96, 181 14.3.2
and other significant air emissions
GRI 306: Effluent and 306-1 Water discharge by quality and
16-18
Waste 2016 destination
306-2 Waste by type and disposal method 101, 104
101, 102, 104,
306-3 Significant spills 14.15.2
183
306-4 Transport of hazardous waste 19
306-5 Water bodies affected by water
16
discharges and/or runoff
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 306: Waste 2020 306-1 Waste generation and significant
101 14.5.2
waste-related impacts
306-2 Management of significant waste-related
101, 104 14.5.3
impacts
101, 102, 104,
306-3 Waste generated 14.5.4
183
306-4 Waste diverted from disposal 101 14.5.5
306-5 Waste directed to disposal 101 14.5.6
GRI 401: Employment 401-1 New employee hires and employee
125 14.17.3
2016 turnover
401-2 Benefits provided to full-time employees
that are not provided to temporary or part-time 121, 123 14.17.4
employees
14.17.5
401-3 Parental leave 193, 121
14.21.3
GRI 402: Labor/
402-1 Minimum notice periods regarding 14.8.2
Management Relations 112, 117
operational changes 14.17.3
2016
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 403: Occupational 403-1 Occupational health and safety
127 14.17.4
Health and Safety 2018 management system
403-2 Hazard identification, risk assessment, 14.17.5
128
and incident investigation 14.21.3
403-3 Occupational health services 129-130 14.16.4
403-4 Worker participation, consultation, and
communication on occupational health and 128 14.16.5
safety
403-5 Worker training on occupational health
14.16.6
and safety
403-6 Promotion of worker health 131 14.16.7
403-7 Prevention and mitigation of occupational
health and safety impacts directly linked by 129 14.16.8
business relationships
403-8 Workers covered by an occupational
127 14.16.9
health and safety management system
403-9 Work-related injuries 130, 132, 195 14.16.10
403-10 Work-related ill health 130 14.16.11
GRI 404: Training and 404-1 Average hours of training per year per 14.17.7
122
Education 2016 employee 14.21.4
404-2 Programs for upgrading employee skills 14.8.3
122
and transition assistance programs 14.17.8
404-3 Percentage of employees receiving
regular performance and career development 122
reviews
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 405: Diversity and 405-1 Diversity of governance bodies and 116, 120, 14.21.5
Equal Opportunity 2016 employees 191-192
405-2 Ratio of basic salary and remuneration of
124 14.21.6
women to men
GRI 406: Non-discrimi- 406-1 Incidents of discrimination and corrective
120 14.21.7
nation 2016 actions taken
GRI 407: Freedom
407-1 Operations and suppliers in which the
of Association and
ight to freedom of association and collective 63, 117 14.20.3
Collective Bargaining
bargaining may be at risk
2016
GRI 408: Pekerja anak 408-1 Operations and suppliers at significant
63, 119 14.18.2
2016 risk for incidents of child labor
GRI 409: Forced or 409-1 Operations and suppliers at significant
Compulsory Labor 2016 63, 119 14.19.2
risk for incidents of forced or compulsory labor
GRI 410: Security 410-1 Security personnel trained in human rights
141 14.14.2
Practices 2016 policies or procedures
GRI 413: Local 413-1 Operations with local community
Communities 2016 engagement, impact assessments, and 143 14.10.2
development programs
413-2 Operations with significant actual and
143 14.10.3
potential negative impacts on local communities
GRI 414: Supplier Social 14.17.9
414-1 New suppliers that were screened using
Assessment 2016 63 14.18.3
social criteria
14.19.3
414-2 Negative social impacts in the supply chain
63 14.17.10
and actions taken
GRI 415: Public Policy
415-1 Political contributions 26, 77 14.24.2
2016
418-1 Substantiated complaints concerning
GRI 418: Customer
breaches of customer privacy and losses of 81
Privacy 2016
customer data
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
GRI 14: Mining Sector 2024
14.6 Tailings 14.6.2 Report the tailings disposal methods used
98
by the organization
14.6.3 List the organization’s tailings facilities,
and report the name, location, and ownership
101
status, including whether the organization is
the operator.
14.8 Closure and 14.8.4 For each mine site, report whether it:
rehabilitation • has a closure and rehabilitation plan in place;
• is undergoing closure and rehabilitation 109, 112
activities;
• has been closed and rehabilitated.
14.8.5 For each closure and rehabilitation plan:
• report whether the plan has been approved
by relevant authorities; 109, 112
• report the dates of the most recent and next
reviews of the plan.
14.8.6 For each mine site, report in hectares:
• total land disturbed and not yet rehabilitated;
• total land disturbed and rehabilitated 109, 185
(including progressively rehabilitated, if
applicable).
14.8.7 For each mine site, report the estimated
112
life of the mine (LOM).
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
14.8.8 For financial provisions made by the
organization for closure and rehabilitation,
including environmental and socioeconomic
post-closure monitoring and aftercare for mine
sites, report:
• the total estimated closure cost (not
discounted), whether the financial provision
covers the full amount of the current
estimated closure cost, and whether the 112
financial provision made is in line with the
applicable regulatory requirements, by mine
site;
• the methodology used to calculate the
estimated closure cost;
• financial instruments used or developed to
guarantee adequate financial provisions for
closure and rehabilitation.
14.8.9 Describe non-financial provisions made
by the organization to manage the local
community’ssocioeconomic transition to a 112
sustainable post-mining economy, including
collaborative efforts, projects, and programs.
14.9 Economic impacts 14.9.6 Report the percentage of workers hired
from the local community at the mine-site level,
116, 120, 191
broken down by gender, and the organization’s
definition used for ‘local community’.
14.10 Local communities 14.10.4 For each mine site, report:
• the number and types of grievances from
local communities during the reporting
period;
• the percentage of grievances that were
150
addressed and resolved during the reporting
period;
• the percentage of grievances resolved
through remediation during the reporting
period.
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
14.12 Land and resource 14.12.2 List the mine sites where involuntary
rights resettlement is planned, ongoing, or has taken
place. For each mine site listed:
• report the number of persons who have been
141, 142
or will be displaced, and a breakdown by
gender;
• describe how peoples’ livelihoods and human
rights are or could be affected and restored.
14.12.3 List the locations of operations where
conflicts or violations of land and resource
rights (including customary, collective, and
142
informal tenure rights) occurred, and describe
the incidents and the stakeholders whose rights
are or could be affected.
14.15 Critical incident 14.15.3 Report the number of critical incidents
management in the reporting period, describe their impacts, 127
and actions taken to remediate them.
14.15.4 Report the percentage of mine sites that
have emergency preparedness and response 127
plans in place, and list the sites that do not.
14.20 Freedom of 14.20.3 Report the number of strikes and
association and lockouts involving 1,000 or more workers lasting
126
collective bargaining one full shift or longer, and their total duration
in worker days idle.
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NOT LISTED GRI SECTOR
GRI STANDARDS DISCLOSURE LOCATION REQUIREMENTS NOT STANDARD
REASON EXPLANATION REFERENCE NO.
LISTED
14.22 Anti-corruption 14.22.5 Describe the approach to contract
transparency, including:
• whether contracts and licenses are made
publicly available and, if so, where they are
109
published;
• if contracts or licenses are not publicly
available, the reason for this and actions
taken to make them public in the future.
14.22.6 Report the following information about
the organization’s beneficial owners, including
joint ventures:
• name, nationality, and country of residence; 24
• whether they are politically exposed persons;
• level of ownership;
• how ownership or control is exerted.
14.23 Payments to 14.23.8 For minerals purchased from the state or All disclosures relevant information PT Vale does
governments from third parties appointed by the state to sell not purchase
on their behalf, report: minerals from
• volumes and types of minerals purchased; - the state so this
• full names of the selling entity and the indicator is not
recipient of the payment; relevant to PT
Vale’s operations.
• payments made for the purchase.
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TOPICS IN APPLICABLE GRI SECTOR STANDARDS THAT ARE DETERMINED TO BE NON-MATERIAL
TOPIC Explanation
This topic is not currently considered material for the Company as there is no official recognition or
national regulation regarding the designation of customary land in the Company’s operational areas.
14.11 Rights of Indigenous Peoples
Nevertheless, the Company remains committed to respecting community rights in accordance with
human rights principles.
PT Vale is not involved in artisanal and small-scale mining (ASM) activities, either directly or through its
supply chain. The Company's operations are conducted entirely on an industrial scale under legitimate
14.13 Artisanal and small-scale mining mining licenses and are subject to strict oversight by the Government of Indonesia. Accordingly, this
topic is not considered material in the context of the Company's operational activities and sustainability
impacts.
PT Vale does not operate in areas classified as conflict-affected or high-risk zones as defined by
international guidelines. All of the Company’s core operations are located in regions that are relatively
14.25 Conflict-affected and high-risk areas stable both politically and socially, and are subject to national legal oversight and protection. Therefore,
this topic is not considered material in the context of relevant sustainability risks and impacts for the
Company.
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SASB IndexTema
Penjelasan
CODE METRIC LOCATION
Greenhouse Gas Emissions
EM-MM-110a.1 Gross global Scope 1 emissions, percentage covered under emissions limiting regulations 94, 181
Discussion of long- and short-term strategy or plan to manage Scope 1 emissions, emissions
EM-MM-110a.2 89, 94
reduction targets, and an analysis of performance against those targets
Air Quality
Air emissions of the following pollutants: (1) CO, (2) NOx (excluding N2O), (3) SOx, (4) particulate
EM-MM-120a.1 96, 181
matter (PM10), (5) mercury (Hg), (6) lead (Pb), and (7) volatile organic compounds (VOCs)
Energy Management
EM-MM-130a.1 (1) Total energy consumed, (2) percentage grid electricity and (3) percentage renewable 92-93, 179
Water Management
(1) Total water withdrawn, (2) total water consumed; percentage of each in regions with High or
EM-MM-140a.1 99, 182
Extremely High Baseline Water Stress
Number of incidents of non-compliance associated with water quality permits, standards and
EM-MM-140a.2 100
regulations
Waste & Hazardous Materials Management
EM-MM-150a.4 Total weight of non-mineral waste generated 101
EM-MM-150a.5 Total weight of tailings produced 101
EM-MM-150a.6 Total weight of waste rock generated
EM-MM-150a.7 Total weight of hazardous waste generated 102, 104
EM-MM-150a.8 Total weight of hazardous waste recycled 102
EM-MM-150a.9 Number of significant incidents associated with hazardous materials and waste management 101
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CODE METRIC LOCATION
Description of waste and hazardous materials management policies and procedures for active and
EM-MM-150a.10 101
inactive operations
Biodiversity Impacts
EM-MM-160a.1 Description of environmental management policies and practices for active sites 84, 109
Percentage of mine sites where acid rock drainage is: (1) predicted to occur, (2) actively mitigated, and
EM-MM-160a.2 99
(3) under treatment or remediation
Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status
EM-MM-160a.3 109-110, 185
or endangered species habitat
Security, Human Rights & Rights of Indigenous Peoples
EM-MM-210a.1 Percentage of (1) proved and (2) probable reserves in or near areas of conflict 109, 185
EM-MM-210a.2 Percentage of (1) proved and (2) probable reserves in or near indigenous land -
Discussion of engagement processes and due diligence practices with respect to human rights,
EM-MM-210a.3 139
indigenous rights, and operation in areas of conflict
Community Relations
Discussion of process to manage risks and opportunities associated with community rights and
EM-MM-210b.1 98, 138
interests
EM-MM-210b.2 (1) Number and (2) duration of nontechnical delays 143
Labour Practices
EM-MM-310a.1 Percentage of active workforce employed under collective agreements 117, 119
EM-MM-310a.2 (1) Number and (2) duration of strikes and lockouts 156
Workforce Health & Safety
(1) All-incidence rate, (2) fatality rate, (3) near miss frequency rate (NMFR) and (4) average hours of
EM-MM-320a.1 132
health, safety, and emergency response training for (a) direct employees and (b) contract employees
216 Laporan Keberlanjutan 2024
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CODE METRIC LOCATION
Business Ethics & Transparency
Description of the management system for prevention of corruption and bribery throughout the
EM-MM-510a.1 76
value chain
Production in countries that have the 20 lowest rankings in Transparency International’s Corruption
EM-MM-510a.2 76
Perception Index
Tailings Storage Facilities Management
Tailings storage facility inventory table: (1) facility name, (2) location, (3) ownership status, (4)
operational status, (5) construction method, (6) maximum permitted storage capacity, (7) current
EM-MM-540a.1 101
amount of tailings stored, (8) consequence classification, (9) date of most recent independent
technical review, (10) material findings, (11) mitigation measures, (12) site-specific EPRP
Summary of tailings management systems and governance structure used to monitor and maintain
EM-MM-540a.2 101
the stability of tailings storage facilities
Approach to development of Emergency Preparedness and Response Plans (EPRPs) for tailings
EM-MM-540a.3 101
storage facilities
Activity Metrics
EM-MM-000.A Production of (1) metal ores and (2) finished metal products 24
EM-MM-000.B Total number of employees, percentage contractors 116
217 Laporan Keberlanjutan 2024
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Assurance Statement 218 Sustainability Report 2024
Page 220
Assurance Statement 219 Sustainability Report 2024
Page 221
Feedback Form [POJK G.2] 1. This Sustainability Report provides valuable insights into PTVI’s economic, environmental, social, and governance
performance.
Thank you for taking the time to read the 2024 Sustainability
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Report of PT Vale Indonesia Tbk.
2. The data and information disclosed in this report are structured, systematic, and easily understandable.
To improve the quality of the report, enhance transparency
of our sustainability performance, and gather input for the Agree Somewhat Agree Disagree
preparation of future reports, we kindly ask you to complete
the following Feedback Form and return it to us via email, or 3. The data and information disclosed in this report are complete, transparent, and unbiased.
scan the QR code to fill it out online.
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Thank you once again for your time and support.
4. The design, font type, size, color scheme, layout, and images in this report are attractive and easy to read.
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5. What are the information(s) in this report that you consider most useful?
6. What are the information(s) in this report that can be improved?
Reader’s Profile 7. What information in this report do you think should be included in future reports?
Full Name:
Institution/ Company:
Email:
Category:
Thank you for taking the time to
provide feedback on this report. We
Government Media
greatly appreciate your contribution in
completing this form. Please send the
NGO General Public
completed feedback form via email to:
ptvicommunications@vale.com
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220 Sustainability Report 2024
Page 222
Names mentioned 68 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Vale Indonesia Tbk’s
p.2 ×4
unresolved
org
Yayasan Pendidikan
p.2
unresolved
org
PT Vale’s
p.2 ×26
unresolved
org
PT Vale’s Approach
p.3 ×5
unresolved
org
PT Vale Indonesia’s Role
p.3 ×2
unresolved
org
Ministry of Environment and Forestry
p.6 ×3
unresolved
org
Ministry of Environment and Forestry. The Gold
p.6
unresolved
org
PT Internasional Nickel Indonesia
p.11
unresolved
person
Vice
· President Director
p.18 ×2
unresolved
org
PT International Nickel Indonesia
p.21
unresolved
org
PT INCO
p.21 ×2
unresolved
org
PT Vale Port
p.22
unresolved
org
Total Liabilities Vale Indonesia Tbk
p.23
unresolved
org
PT Vale Nickel Matte Business
p.25
unresolved
org
Vale Canada Limited Public Limited
p.25
unresolved
org
Indonesia Stock Exchange
p.25
unresolved
org
Port Ltd.
p.25
unresolved
org
Indonesia Tbk.
p.25 ×3
unresolved
org
PT Sucofindo
p.26
unresolved
org
Ministry of Energy and Mineral
p.26
unresolved
org
Co. Ltd
p.28
unresolved
org
PT Vale’s Tax
p.29
unresolved
person
Deshnee Naidoo
· President Commissioner
p.30
unresolved
person
Gustavo Garavaglia
· Commissioner
p.30
unresolved
person
Olga Kovalik
· Commissioner
p.30
unresolved
person
Farrah Carrim
· Commissioner
p.30
unresolved
org
PT Olahkarsa Inovasi Indonesia
p.34
unresolved
org
PT Vale Indonesia’s Sustainability Policy
p.37
unresolved
org
Ministry of Energy and Mineral Resources Decree
p.38
unresolved
org
Ministry of Industry Regulation
p.66
unresolved
org
PT Vale’s Board
p.69 ×2
unresolved
org
PT Vale Febriany Eddy
p.73
unresolved
org
PT Vale ESG Compliance
p.73
unresolved
org
PT Vale At
p.73
unresolved
org
PT Vale Bernardus Irmanto
p.74
unresolved
org
PT Vale. We
p.76
unresolved
org
Hadinoto & Partners
p.77
unresolved
org
PT Vale Indonesia. VWC
p.79
unresolved
org
PT Vale’s Whistleblower Team
p.79
unresolved
org
Finance Corporation
p.85
unresolved
org
GEM Co., Ltd.
p.89
unresolved
org
PT Vale Wins First Gold
p.89
unresolved
org
Ministry of Environment
p.89 ×2
unresolved
org
PT Vale Vale’s
p.89
unresolved
org
Minister of Agriculture’s Decree
p.99
unresolved
org
Minister of Environment and Forestry
p.105
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