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Sustainability
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2023
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Mining for
Tomorrow:
Sustaining
Operations with
Responsibility
Photo by Muchtamir Zaide
Page 2
Mining for Tomorrow:
Sustaining Operations
with Responsibility
Vale’s role in supporting sustainability has become
51 Social Sustainability Management Performance
a transition towards a low-carbon economy. We
conduct long-term operational activities through 52 Commitment to Human Rights
sustainable practices, continually innovating and
investing in environmentally friendly technologies 59 Maintaining a Decent and Safe
to minimize the negative impacts of mining.
Upholding the principles of sustainability, we forge
strong partnerships with local communities. We
Table of Contents 64
Working Environment Together
Empowering the Community Together
believe that operational sustainability extends 72 Sustainability Governance
beyond prudent environmental management; it also
includes responsibility for the 73 Sustainability Governance Structure
3 Our Commitment to Environmental
well-being of the community. 75 Sustainability Risk Management Evaluation
Management
75 Improving Sustainability Knowledge
5 Our Commitment to Community
76 Code of Conduct Compliance and
Development (Social)
Whistleblowing Chanels
7 Our Commitment to Sustainability Governance 77 Supporting Anti-Corruption
9 CEO Message 78 Constraints and Challenges in
Implementing Sustainability
12 Board of Commissioners’ and Board of
Directors’ Statement of Responsibility for the 78 Building the Nation Together
PT Vale Indonesia Tbk 2023 Sustainability Report 81 Customer Equality
Note for Report Readers 13 About PT Vale Indonesia Tbk 81 Influence Towards Communities
All nickel units in matte and other minerals in 83 Stakeholder Engagement
19 About the Sustainability Report
this Report are presented in metric tons. One 84 Responsibility for Product/
metric ton is equivalent to 2,204.62 pounds and is 23 Sustainability Policy and Strategy Service Development
denoted as “ton.”
29 Environmental Management 86 Support for the SDGs and
Forward-looking Statements
Sustainability Performance Sustainable Mine Management
This document may contain plans, projections,
strategies, and specific Company objectives, 31 Materials Used and Material Stewardship 89 Appendix
which are not statements of historical fact
and should be understood as forward-looking
33 Low Carbon Agenda 90 Independent Assurance Statement
statements based on applicable law. Forward- 41 Implementing Mine Land Reclamation and
92 Financial Services Authority Regulation (POJK)
looking statements are subject to risks and Biodiversity Conservation Together
uncertainties that may cause the Company’s Number 51/POJK.03/2017 and Financial Services
actual conditions and results in the future to
45 Reducing Landfill Loads Together Authority Circular Letter (SEOJK) Number 16/
differ from what is expected or indicated. There is 48 Reducing Water Consumption SEOJK.04/2021, GRI Content Indeks, Reference
no guarantee that the results anticipated by the Intensity Together to the Sustainability Accounting Standard
Company, or indicated by the forward-looking
50 Compliance, Complaint Handling, and Board (SASB) Metals and Mining (2021)
statements, will be achieved.
Supplier/Work Partner Evaluation 101 Feedback Form
2 Sustainability Report 2023
Page 3
Our Commitment to Environmental Management
Our Commitment to
Environmental Management
ICMM Principles:
Environmental Performance
Conservation of Biodiversity
Responsible Production
In line with the commitment to
sustainability in environmental
management to support Net Zero Emission
(NZE) from scope 1 and scope 2 by 2050,
PT Vale focuses on implementing new
renewable energy (EBT) to reduce carbon
emissions with a target of reducing carbon
emissions by 33% by 2030. The entire
development project has undergone a
comprehensive risk management process in
social and environmental aspects, including
the preparation of an Environmental
Impact Analysis (AMDAL) document. This
process ensures that potential impacts
are thoroughly assessed, and appropriate
measures are implemented to mitigate
adverse effects on the environment.
In 2023, the Company also initiated
the construction of a nursery for the
Indonesia Growth Project (IGP) in Pomalaa,
Kolaka Regency, Southeast Sulawesi. The
nursery facility spans five hectares and
has a capacity to produce one million plant
seedlings annually, including endemic
plant species from Southeast Sulawesi.
The nursery is designed to support post-
mining reclamation in the Pomalaa Block
and other reclamation needs in Kolaka.
3 Sustainability Report 2023
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Our Commitment to Environmental Management
Environmental Management
Performance Highlights [POJK51-B.2]
Ministry of Environment and Forestry PROPER Achievement Waste Management Performance
2023 2022 2021 Description Satuan 2023 2022 2021
Green Green Green Non-Industrial Domestic Waste
Ton 875 670 1.001
Generated
Non-Industrial Domestic Waste
Emission Control Performance % 15.1 15.2 10.2
Segregated
Particulate Emission Industrial Non-Hazardous Waste Ton 12,165.1 13,792.0 8,721.0
SO2 Emission Intensity GHG Emission Intensity
Intensity
Ton SO2/Ton Ni Ton CO2eq/Ton Ni
Particulate/Ton Ni
Land and Biodiversity Management Performance
2023 0.75 2023 28.7 2023 0.007
Description Unit 2023 2022 2021
2022 0.72 2022 29.1* 2022 0.009
Rehabilitated Land Area Ha 224.4 295.4 283.7
2021 0.77 2021 30.1 2021 0.020 Accumulated Area of Rehabilitated and
Ha 3,703.6 3,500.2 3,249.1
*Restatement of data 2022: Addition of AFOLU/new open area Reclaimed Land
Total Trees Planted Trees 171,702 179,933 219,595
Energy Usage Performance Total Local Trees Trees 86,736 49,242 10,761
Total Endemic Trees Trees 14,441 17,631 22,206
Description Unit 2023 2022 2021
Energy Usage GigaJoule 30,974,879 26,956,105 28,551,417
GigaJoule/ Renewable Energy Usage
Energy Intensity 437.9 448.6 436.6
Ton Ni
Description Unit 2023 2022 2021
HSFO Usage Intensity Barrel/Ton Ni 23.6 23.8 19.9 Unit 3 3 3
Coal Usage Intensity Ton/Ton Ni 4.92 5.00 5.79 Hydroelectric Power Plants
MW 365 365 365
HSD Usage Intensity Liter/Ton Ni 969.6 994.1 1,094.9 Biodiesel B30* Liter 4,572,231 17,579,105 20,884,893
Power Usage Intensity Biodiesel B35** Liter 18,485,791 N/A N/A
(Hydroelectric and Thermal MWh/Ton Ni 34.7 36.2 35.3
Power Plants) *Data for 2021 through March 2023 using B30 Biodiesel
**April 2023 using B35 Biodiesel data
4 Sustainability Report 2023
Page 5
Our Commitment to Community Development (Social)
Our Commitment to Community
Development (Social)
ICMM Principles:
Human Rights
Social Performances
Stakeholder Engagement
Health and Safety
We aim to continue our presence and
contribute positively to the community,
including creating more job opportunities.
In 2023, PT Vale initiated the construction
of a nickel processing plant or smelter
in Bahodopi, Morowali Regency, Central
Sulawesi, and an HPAL plant in Malili,
East Luwu Regency, South Sulawesi.
These projects are expected to generate
employment for 12,000-15,000 workers.
PT Vale is committed to maximizing
local employment and enhancing
competencies through workforce training.
Another benefit of PT Vale’s existence is
that it contributes to the state through
tax payments and non-tax state revenue
(NTSR). The value of the Company’s
payments for central tax obligations and
NTSR managed by the Directorate General
of Taxes, the Ministry of Energy and
Mineral Resources as well as the Ministry of
Environment and Forestry, and the Ministry
of Transportation for the period 2011-2023
reached US$1,614 million. Meanwhile, local
tax payments to provincial and regency/
city government treasuries at PT Vale’s
work locations for the 2011-2023 period
reached US$267 million, while the 2022-
2023 period reached US$58 million.
5 Sustainability Report 2023
Page 6
Our Commitment to Community Development (Social)
Social Sustainability
Performance Highlights [POJK51-B.3]
Total and Percentage of Local Employees
Description Unit 2023 2022 2021
Total Employees Person 3,023 2,934 2,966
Total Local Employees Person 1,431 2,550 2,570
Percentage of Local Employees % 47 97 98
Total Employees and Average Training Hours
Description Unit 2023 2022 2021
Total Employees Person 3,023 2,934 2,966
Total Training Hours Hours 87,639 117,360 121,781 Integrated Community Empowerment and Development Program
Hours per Description Unit 2023 2022 2021
Training Hours per Employee 29 40 41
Person Total Programs/Activities Unit 164 82 54
Total Funds Million USD 3.7 4.9 2.6
Occupational Health and Safety (OHS) and Environment Estimated Total Village(s) 38 38 38
Description Unit 2023 2022 2021 Beneficiaries Individual(s) 61,598 15,540 43,205
OHS Training per Employee Hours 98 71 64
Recordable Injury Frequency Donations and Assistance
% 0.31 0.68 0.70
Rate Description Unit 2023 2022 2021
Safe Working Hours Hours 8,737,825 14,182,199 5,006,592 Additional Donations
Lost Work Days Days 22 6,009 170 Beyond the Integrated Thousand
2,672** 938* 39
Total Environmental Training Community Empowerment USD
Hours 224 24 136 and Development Program
Hours
*Sorowako and Bahodopi Blocks
**Including the Jakarta area, Pomalaa Block, Bahodopi Block, and Sorowako Block
6 Sustainability Report 2023
Page 7
Our Commitment to Community Development (Social)
Our Commitment to
Sustainability Governance
ICMM Principles:
Ethical Business
Decision Making
Risk Management
PT Vale operates an integrated mining
operation, which involves not only mining
but also processing. In compliance with
regulations governing the extension of the
Company’s contract into a Special Mining
Business License (IUPK), on November
17, 2023, PT Vale and PT Mineral Industri
Indonesia (Persero) or MIND ID signed a
Heads of Agreement (HOA) regarding PT Vale
Indonesia Tbk’s Divestment Commitment.
Following this agreement, on February
26, 2024, the Company signed a sales and
purchase agreement for 1,391,087,420 shares
to MIND ID became the largest shareholder
with a total shareholding of 34%.
The Company is committed to respecting
and safeguarding human rights in all its
operational and business activities. As
part of this commitment, the Company
organizes human rights training sessions for
all employees. The purpose of these training
sessions is to ensure that team members
have a comprehensive understanding of
human rights and their proper handling,
particularly in interactions with the
community. The training aims to empower
the team to identify risks related to
human rights violations and subsequently
implement effective mitigation measures.
7 Sustainability Report 2023
Page 8
Sustainability Governance Performance Highlights
Sustainability Governance
Performance Highlights
Description Unit 2023 2022 2021
Nickel in Matte Production Performance and Nickel Ore Volume
Nickel in Matte Production Ton 70,728 60,090 65,388
Nickel Ore Volume Proven Ore Reserves 81.1 N/A N/A
(Limonite) Probable Ore Reserves Million 132.2 N/A N/A
Tons
Nickel Ore Volume Proven Ore Reserves (DKP) 122 62.0 65.7
(Saprolite) Probable Ore Reserves 99.0 46.9 42.1
Economic Performance [POJK51-B.1]
Nickel in Matte Sales Ton 71,108 60,960 66,515
Revenue 1,232,263 1,179,452 953,174
Total Economic Value Distributed Thousand 907.395 1.047.489 842.205
Total Economic Value Retained USD 361,444 142,654 113,683
Net Profit 274,334 200,401 165,797
Involvement of Local Suppliers Violation Reporting Handled through the Vale Whistleblower Channel (VWC)
Business Description 2023 2022 2021
Total Local Suppliers 305 297* 251*
Entities Number of Allegations Received 32 27 33
Eco-Friendly Products
Percentage of Valid Allegations 30 20 28
Power Generated from Hydroelectric
MW 365 365 365 Total Allegations Followed Up 94% 74% 85%
Power Plants
*Restatement of 2022 and 2021 data.
8 Sustainability Report 2023
Page 9
CEO Message
CEO
Message
[POJK51-D.1][2-22] Febriany Eddy
President Director
Dear respected stakeholders, Furthermore, it assures our customers The social dimension is another challenging
The implementation of environmental, and other stakeholders that PT Vale’s yet opportunistic aspect for PT Vale to
social, and governance (ESG) practices mineral products (nickel) are obtained contribute to regional development and
is crucial for the future of the domestic through a responsible production process. community empowerment. Some of our
industry, including mining, given the mining areas are located in remote areas
We acknowledge the significant challenges
ongoing concerns about environmental with limited infrastructure. Through our
and obstacles in implementing sustainable
damage and changes in social structures. activities, the Company can contribute to
mining. The current dynamics highlight
PT Vale Indonesia Tbk recognizes this infrastructure development, promote local
three critical issues in sustainable mining
reality, making ESG an integral part of the employment, engage local contractors,
for industries involved in extraction,
Company and ensuring that every decision and foster community development.
such as PT Vale: deforestation, carbon
we make consider its ESG impacts. Currently, the percentage of national
emissions, and biodiversity. These
and local supplier involvement in PT
PT Vale Indonesia Tbk adheres to challenges are particularly pronounced
Vale’s supply chain has reached 72.5%.
sustainable mining practices in all our given the Company’s operational presence
activities in line with the implementation in areas abundant with biodiversity Dear respected stakeholders,
of the Sustainable Mining Principles based and along the Wallace Line. In fact, out
In 2023, we achieved positive performance
on the International Council on Mining and of PT Vale’s expansive 118-thousand-
in managing ESG and economic aspects.
Metals (ICMM) Sustainable Development hectare mining area, only 48% is
In environmental management, by 2023
Framework. We believe sustainable mining deemed suitable for mining activities.
we have reduced GHG emission intensity
practices can significantly contribute to Moreover, within this 48% area, 90%
by 0.4 tons CO2eq/ton Ni to 28.7 tons
the well-being of the earth and society. is designated as protection forests.
CO2eq/ton Ni from the previous year’s
9 Sustainability Report 2023
Page 10
CEO Message
29.1 tons CO2eq/ton Ni. Conversely, implement include education, health, real In managing governance and ensuring
we also recorded fluctuations in GHG income levels, economic independence, compliance with regulations, PT Vale, along
emission volumes each year, influenced socio-culture, social environment, with its shareholders, namely Vale Canada
by the proportion of fuel types used community institutions, and infrastructure Limited (VCL), PT Mineral Industri Indonesia
in operations and production levels. development. PPM integrates input (Persero) (MIND ID), and Sumitomo Metal
from and is implemented through Mining Co., Ltd (SMM), on February 26,
We have also realized mine land
collaboration with stakeholders, aligning 2024 signed a definitive agreement in the
reclamation of 3,703.6 Ha, or 65.4% of
with the Priority Development Plans of the divestment of foreign ownership shares
the mine land clearing of 5,667.7 Ha by
regencies. Through this collaboration, our of PT Vale Indonesia Tbk. This agreement
2023, with a total of four million trees
social programs contribute to achieving aims to fulfill the Company’s divestment
planted. Not only within the mining area,
the Sustainable Development Goals (SDGs). obligations. It represents support for
PT Vale also continued land rehabilitation
collaboration and the consolidation of
and beyond border reforestation efforts For OHS implementation, the valuable
strengths among the three shareholders
beyond our operational areas, covering lessons learned from the incidents in 2022
to achieve the Company’s strategic
watersheds in 13 regencies in South prompted PT Vale to enhance compliance,
objectives, in alignment with Indonesia’s
Sulawesi and three regencies in West aiming to prevent fatal incidents during
aspirations for downstream success by
Java. Furthermore, PT Vale established a 2023. Based on the Mining Safety System
implementing sustainable mining practices.
seedling center in the IGP Pomalaa area, and IMS–Environment Health and
spanning five hectares and capable of Safety Management System audits, the Dear respected stakeholders,
producing one million plant seeds annually. compliance rate in 2023 reached 73.6%,
The Company’s commitment to
Our commitment to biodiversity led us an increase from 70.2% in 2022. During
implementing sustainable mining has
to establish the Sawerigading Wallacea the reporting period, we enrolled 13 PT
driven the positive performance of
Biodiversity Park, inaugurated by President Vale employees in the Mineral and Coal
nickel in matte production with the
Jokowi on March 30, 2023, serving as an SMKP Audit Training at the Geominerba
achievement of 70,728 tons, 17.7% higher
education center and a future home for Center for Human Resources Development
than in 2022 of 60,090 tons. Likewise
endemic flora and fauna in Sulawesi. (PPSDM) of the Ministry of Energy and
with sales, PT Vale recorded an increase in
Mineral Resources. Through this training,
In the social aspect, we have completed sales of 16.6% in 2023 to 71,108 tons from
we anticipate that the auditing process at
the development of the Integrated 60,960 tons in 2022. In terms of financial
PT Vale will become more comprehensive,
Community Empowerment and performance, the Company booked a
given that, according to the decision
Development Program (PPM) for the 2023- profit of US$274.3 million in 2023, growing
of the Director General of Mineral and
2027 period. The Company also allocated 36.9% from US$200.4 million in 2022.
Coal, every company must conduct
PPM costs of US$5,571,359, an increase of
internal audits at least once a year.
4.3% from 2022. The social programs we
10 Sustainability Report 2023
Page 11
CEO Message
The positive achievements in the Risk management is performed through collaboration will further improve to
Company’s production and financial a comprehensive process covering guide PT Vale in realizing its ambition
performance have significantly impacted social and environmental aspects, to pioneer sustainable mining
our contributions to the country, involving both the community and other practices in Indonesia and globally.
manifested through tax payments and stakeholders in all activities undertaken.
Non-Tax State Revenues (NTSR). Total
Indeed, we are aware of our commitment
tax and non-tax revenue in 2023 reached Jakarta, April 2024
to implementing best practices,
US$204,617 thousand, an increase
considering the dynamic external factors
of 14.3% from 2022 of US$179,024
at the local, national, and global levels. Febriany Eddy
thousand. PT Vale’s commitment to
One of these factors is the diversity of CEO and President Director
paying taxes and NTSR has garnered
sustainability performance assessment
appreciation from the Regional Office
standards and initiatives to support
of the Directorate General of Taxes for
ESG management. We address this
South, West, and Southeast Sulawesi.
by developing an ESG Roadmap as a
Dear respected stakeholders, comprehensive guide outlining the
Company’s strategic initiatives for ESG
PT Vale’s sustainability performance
management excellence from 2022 to
achievements in 2023 were supported by
2026. The Roadmap is implemented
risk management by implementing ISO
through five steps: Mastery, Performing,
31000:2018, ISO 55001:2014, and COSO-
Excellence, Inspire, and Sustaining. In
ERM on Risk Management and Asset
2023, our ESG management entered the
Management. One of the focuses of
Performing stage, involving the planning
sustainability risk management is climate
and coordination of collective actions
change, addressed by establishing the
for the holistic implementation of ESG
Roadmap to Carbon Neutrality 2050.
in sustainable nickel mining operations.
Short-term targets are achieved through
energy efficiency solutions and maximizing Dear respected stakeholders,
the use of renewable energy; the mid-
Concluding this message, we express
term target for 2030 is a 33% reduction
our gratitude to all stakeholders for
in absolute scope 1 and 2 emissions; the
the support extended to PT Vale in
long-term target is to achieve carbon
implementing sustainable practices.
neutrality (net zero emissions) by 2050 or
We hope the support thus far will
10 years earlier than Indonesia’s target.
continue and that the established
11 Sustainability Report 2023
Page 12
Board of Commissioners’ and Board of Directors’ Statement of Responsibility
for the PT Vale Indonesia Tbk 2023 Sustainability Report
We, the undersigned, hereby declare that all information contained in the PT Vale Indonesia Tbk 2023
Sustainability Report has been presented in its entirety, and that we assume full responsibility for the accuracy
of the report based on POJK 51/ POJK.03/2017. This statement is hereby made with all integrity.
BOARD OF DIRECTORS
Febriany Eddy Adriansyah Chaniago
President Director Vice President Director
Bernardus Irmanto Vinicius Mendes Ferreira Abu Ashar
Director Director Director
BOARD OF COMMISSIONERS
Emily Olson Muhammad Rachmat Kaimuddin
President Commissioner Vice President Commissioner
Olga Kovalik Fabio Ferraz Yusuke Niwa M. Jasman Panjaitan
Commissioner Commissioner Commissioner Commissioner
Farrah Carrim Raden Sukhyar Rudiantara Dwia Aries Tina Pulubuhu
Commissioner Independent Commissioner Independent Commissioner Independent Commissioner
12 Sustainability Report 2023 Notes: The latest structure of the Company’s Board of Commissioners based on the decision of the Company’s Extraordinary General Meeting of Shareholders on March 28, 2024.
Page 13
About PT Vale Indonesia Tbk
About PT Vale Indonesia Tbk
Company Name Business Scale Shareholders and
and Locations [POJK51-C.2]
[POJK51-C.3
Legal Structure [2-1]
Description Unit 2023 2022 2021 Legal Status:
Company Name Public Limited Company.
PT Vale Indonesia Tbk Total Employees Listed on the Indonesia Stock Exchange (IDX) on May 16, 1990.
PT Vale Indonesia Tbk
Head Office Address [2-1] Person 3,023 2,934 2,966 Stock Code: INCO
Employees
Sequis Tower, 20th Floor, Unit 6 & 7 Production Volume On February 26, 2024, a 14% divestment of PT Vale
Jl. Jend. Sudirman Kav. 71 Indonesia Tbk’s shares was signed between PT
Jakarta 12190, Indonesia Nickel in Matte Mineral Industri Indonesia (Persero) or Mining Industry
Ton 70,728 60,090 65,388
Phone:: +62-21 5249000 Production Indonesia/MIND ID, Vale Canada Limited (VCL), and
Fax: +62-21 5249020 Operating Revenue Sumitomo Metal Mining Co., Ltd. (SMM), at a value of
Website: https://vale.com/indonesia Rp3,050 per share. Following the divestment, MIND
Total Revenue US$ 1,232,263 1,179,452 953,174
Email: ptvicommunications@vale.com ID acquired 1,391,087,420 shares of PT Vale Indonesia
Net Profit for the Year Thousand 274,334 200,401 165,797 Tbk, increasing its ownership from 20% to 34%, thus
Representative Office Total Capitalization becoming the controlling shareholder of the company.
Makassar, Sulawesi Selatan Total Liabilities 361,462 303,336 318,367 Thus, a significant change occurred in the ownership
Jl. Somba Opu No. 281 US$ composition of the Company as of February 26, 2024.
Total Equities 2,564,537 2,354,780 2,154,461
Makassar 90113 Thousand This report discloses the share ownership composition
Sulawesi Selatan, Indonesia Total Assets 2,925,999 2,658,116 2,472,828 as of December 31, 2023, to fulfill reporting period
Phone.: +62 411 366 9000 requirements, and the share ownership composition
Fax.: +62 411 366 9020 of the Company as of February 26, 2024. [POJK51-C.6]
Processing Plant Address
Shareholder Composition as of December 31, 2023
Main Office Plant Site Sorowako
Luwu Timur 92984 Vale Canada PT Indonesia Sumitomo Metal
Limited Asahan Alumunium Mining Co., Ltd
Sulawesi Selatan, Indonesia
(Persero)
Phone.: +62 475 332 9100
Fax.: +62 475 332 9575
43.8% 20.0% 15.0%
0.5% 20.6%
13 Sustainability Report 2023 Vale Japan
(Limited)
Public
Page 14
About PT Vale Indonesia Tbk
Operational Area Employees
[2-1d]
As of 2023, there were 3,023
employees, comprising 2,714 males
Country of Operation: and 309 females. All employees work
Country of operation: Republic of Indonesia. full-time, with no contract workers.
The Company does not operate in any other country. 99.9% of PT Vale employees are
Indonesian citizens (WNI), while
Nickel ore mining and nickel in matte production 0.1% are expatriates. The majority
activities are conducted in the Sorowako Block, of employees are local workers from
East Luwu Regency, South Sulawesi. The East Luwu Regency and other regions
nickel in matte produced is sold to in South Sulawesi. Of the local
Vale Canada Limited (VCL) and workforce, 92 individuals, or 26.4%,
Sumitomo Metal Mining Co. Ltd hold managerial positions. [202-2]
(SMM). [2-6]
Total PT Vale Indonesia Tbk Employees by Gender [2-7]
Male Female Total
Year
Total % Total % Total %
2023 2,714 89.8 309 10.2 3,023 100
2022 2,678 91.3 256 8.7 2,934 100
2021 2,710 91.4 256 8.6 2,966 100
Total PT Vale Indonesia Tbk Employees by Employment Status and Gender [2-7]
2023 2022 2021
Sorowako: 70,566 ha
Employment Status
(South Sulawesi)
Male Female Total Male Female Total Male Female Total
Permanent Employees 2,655 281 2,936 2,624 253 2,877 2,682 253 2,935
Contract Employees 59 28 87 54 3 57 28 3 31
Total 2,714 309 3,023 2,678 256 2,934 2,710 256 2,966
Total PT Vale Indonesia Tbk Employees by Age Group and Gender [2-7]
2023 2022 2021
Age Group
Male Female Total Male Female Total Male Female Total
Bahodopi: 22,699 ha >50 Years 541 24 565 557 17 574 484 15 499
(Central Sulawesi)
• Suasua: 4,466 ha 31-50 Years 2,059 228 2,287 2,023 209 2,232 2,137 213 2,350
• Pomalaa: 20,286 ha
(Southeast Sulawesi) ≤30 Years 114 57 171 98 30 128 89 28 117
Total 2,776 308 3,023 2,678 256 2,934 2,710 256 2,966
14 Sustainability Report 2023
Page 15
About PT Vale Indonesia Tbk
Total PT Vale Indonesia Tbk Employees by Education and Gender [2-7][2-4]
2023 2022 2021
Education Level
Male Female Total Male Female Total Male Female Total
Doctorate 1 - 1 1 0 1 1 0 1
Master’s degree 58 22 80 53 16 66 50 13 63
Bachelor’s degree 698 176 874 609 134 743 607 136 743
Diploma 274 56 330 284 58 342 287 59 346
High school 1,663 55 1,718 1,705 48 1,753 1,740 48 1,788
Junior high school 20 - 20 26 0 26 25 0 25
Elementary school - - - 0 0 0 0 0 0
Total 2,714 309 3,023 2,678 256 2,934 2,710 256 2,966
PT Vale has other workers
Total PT Vale Indonesia Tbk Employees by Position and Gender [2-7]
who are not its employees, 2023 2022 2021
such as contractors and Position
Male Female Total Male Female Total Male Female Total
suppliers who work based on Management 5 2 7 4 1 5 4 1 5
contractual agreements. This Senior General Management 23 3 26 17 2 19 16 1 17
report does not include them General Management 104 11 115 83 10 93 74 9 83
due to their dynamics. [2-8] Senior Staff 402 79 481 358 64 422 343 45 388
Staff 691 131 822 680 102 782 678 117 795
Non-Staff 1,489 83 1,572 1,536 77 1,613 1,595 83 1,678
Total 2,776 308 3,023 2,678 256 2,934 2,710 256 2,966
Total PT Vale Indonesia Tbk Employees by Placement Area and Gender
2023 2022 2021
Placement Area
Male Female Total Male Female Total Male Female Total
Jakarta 47 27 74 47 24 71 41 21 62
Makassar 3 2 5 4 2 6 3 2 5
Sorowako 2,552 243 2,795 2,627 230 2,857 2,666 233 2,899
Bahodopi 0 0 0 0 0 0 0 0 0
Malili 0 0 0 0 0 0 0 0 0
Pomalaa 56 21 77 0 0 0 0 0 0
East Bungku 55 16 71 0 0 0 0 0 0
Total 2,714 309 3,023 2,678 256 2,934 2,710 256 2,966
Total PT Vale Indonesia Tbk Employees by Citizenship and Gender [2-7]
2023 2022 2021
Citizenship
Male Female Total Male Female Total Male Female Total
Indonesian 2,710 309 3,019 2,673 256 2,929 2,705 256 2,991
Expatriate 4 0 4 5 0 5 5 0 5
Total 2,776 308 3,023 2,678 256 2,934 2,710 256 2,966
15 Sustainability Report 2023
Page 16
About PT Vale Indonesia Tbk
Business Activities, PT Vale’s Business
Products and Process and Supply
Services, and Other Chain [2-6]
Relevant Business
Relationships [POJK51-C.4] [2-6d]
2 SCREENING
STATION
73%
There were no significant changes in PT
Vale’s activities and products made in 2023 1 ORE
MINING 3 WET ORE
STOCK
compared to the previous period.
[POJK51-C.6] 2-6d] 2023
Scope of activities in the
2023 fiscal year: [2-6] 4
6 5
DRYER
KILN
REDUCTION DRYER ORE
KILN STOCK
87%
7
Mining operations for nickel ore, nickel in PILE
ELECTRIC
FURNACE
matte production, and nickel in matte sales.
The total production of nickel in matte
in 2023 reached 70,728 tons of nickel.
2022
Scope of activities according
to the Company’s Articles of 8 CONVERTER
10 PORT
Association: [2-6]
78%
Mining, wholesale trading, transportation, 9 SHIPMENT
electricity supply, real estate, wastewater
management, waste management and
recycling, and remediation activities. 2021
We include local and national suppliers in the supply chain, continually increasing the domestic
component level (TKDN). The TKDN achievement in 2023 reached 73%, a decrease from 2022 of
87% due to changes in calculation and assessment methods compared to previous years.
16 Sustainability Report 2023
Page 17
About PT Vale Indonesia Tbk
Significant Changes Association Membership Certifications and
in the Company [POJK51-C.5][2-28]
External Awards
During the Annual General Meeting of
Shareholders (AGMS) on May 5, 2023, held
in a hybrid format, shareholders approved
the appointment of Abu Ashar and Matt
Cherevaty as Directors of the Company,
Certificate No. ID004085,
effective from the closing of the AGMS until the by Bureau Veritas
closing of the 2026 AGMS. Shareholders also Validity:
October 2021 – October 2024
approved the reappointment of Rudiantara Scope: Mining, processing plant
as an Independent Commissioner of the of nickel, including its support
and services
Company, effective from the closing of the
AGMS until the closing of the 2026 AGMS.
Member Febriany Eddy Member Member ISO 17025
During the Extraordinary General Meeting Global Scope as a Vice Chairman Global Scope Global Scope Laboratory Test and Calibration Standards
(EGM) on December 6, 2023, held in a hybrid National Scope Certification No: LP-1729-DN,
by Komite Akreditasi Nasional
format, shareholders accepted the resignation Validity:
of Matt Cherevaty as a Director of the Company, 28 December 2022 - 27 December 2027
effective September 8, 2023. Thus, as of Scope:
Competence of Testing Laboratories and
December 31, 2023, the composition of the Calibration Laboratories
Company’s Board of Directors consists of:
Certificate No. 01 407 2135341
• President Director : Febriany Eddy ISO 50001 Energy Management System by
TÜV Rheinland
• Vice President Director: Adriansyah Chaniago Validity:
• Director : Bernardus Irmanto Extraordinary Member Member Member
November 2022 – November 2023
Member National Scope National Scope National Scope
• Director : Vinicius Mendes Ferreira National Scope
(in the process of certificate renewal)
Scope:
• Director : Abu Ashar Mining and processing of Nickel
n Matte products
PT Vale divested a portion of its share ownership
in its subsidiaries, PT Bahodopi Nickel Smelting
Indonesia (BNSI) and PT Kolaka Nickel Indonesia
(KNI), through a corporate action reported
to the relevant authorities in Indonesia. As
per the announcement made, the Company
released a part of its share ownership in PT Member Member Member
BNSI to Taixin (Singapore) Pte. Ltd. and PT KNI National Scope National Scope National Scope
to Huaqi (Singapore) Pte. Ltd. Further details
about this transaction can be found in the
PT Vale Indonesia Tbk 2023 Annual Report.
17 Sustainability Report 2023
Page 18
About PT Vale Indonesia Tbk
In addition to Green PROPER, PT Vale received a total of 13 external awards and appreciations from various parties
throughout 2023, including
• Performance Recognition for the • Corporate Emission Transparency • Katadata Corporate Sustainability
Community Empowerment and Awards in the Green Elite and Gold Award (KCSA) in the Mining sector
Development (PPM)/ Tambang Plus categories at the Corporate for the Environment category,
Menyejahterakan Masyarakat (Tamasya) Emission Transparency Awards 2023 organized by katadata.co.id.
Award 2023 on December 8, 2023, organized by B Universe and Bumi
awarded by the Ministry of Energy Global Carbon Foundation (BGK • DEN Award 2023 in the category of
and Mineral Resources in the Planning Foundation) on June 27, 2023. Private Companies Leading the Energy
and Implementation categories. Transition in the Mining Sector, organized
• Best Partner of the Ministry of by the National Energy Council (DEN).
• Good Mining Practices (GMP) Award Environment and Forestry (KLHK)
2023, where PT Vale received the 2023 in the Forest Area Utilization • Asia Sustainability Report Rating (ASRRAT)
Aditama Certificate and Best Trophy Permit (PPKH) category with the Gold Rank in the Accordance category.
- Mineral and Coal Mine Technical Best Sustainable Commitment
• Sustainable Village Development
Management Aspects, Aditama to Watershed Rehabilitation and
Award 2023 from the Ministry of
Certificate and Best Trophy - Mineral Reclamation, organized by the
Village Development, Disadvantaged
and Coal Conservation Management Ministry of Environment and Forestry
Regions, and Transmigration (PDTT).
Aspects, Aditama Certificate and Best of the Republic of Indonesia.
Trophy - Environmental Management
Aspects of Mineral and Coal Mining, • Bisnis Indonesia Award 2023 in the Best
as well as the Main Award for Metal Mineral Corporation category,
Standardization Management and organized by Bisnis Indonesia Daily.
Mining Services Business. The awards
• Foundation for International
were presented by the Directorate
Human Rights Reporting Standard
General of Mineral and Coal of the
(FIHRRST) award in The Best
Ministry of Energy and Mineral
Sustainability Report (A+) category.
Resources on September 29, 2023.
• Indonesia GPR Award (IGA) 2023 in
• Environmental and Social Innovation
the Best Public Relations Program
Award (ENSIA) by PT Sucofindo on
category, Energy and
August 10, 2023. PT Vale received
Renewable Energy segment,
three ‚Platinum‘ awards for Water
organized by Humas
Efficiency, Emission Reduction, and
IndonesiaPadmamitra
Non-Hazardous Waste Management,
award in the
and two ‚Silver‘ awards for Social
enterpreneurship
Innovation and Biodiversity.
category.
18 Sustainability Report 2023
Page 19
About the Sustainability Report
About the
Sustainability Report
Basis and Reference for Reporting Principles Reporting Entity,
Issuing Sustainability and Consistency with Period, and
Reports Other Reports Frequency
• Law No. 40 of 2007 concerning Limited This report has been compiled under the principles The Company’s Financial Statements are
Liability Companies; of accuracy, balance, clarity, comparability, presented in consolidated form for the fiscal
completeness, sustainability context, timeliness, and year ending on December 31, 2023, and has
• Financial Services Authority Regulation verification. The information provided is accurate, been audited by a Public Accounting Firm.
(POJK) No. 51/ POJK.03/2017 concerning the encompassing positive and negative impacts and The sustainability performance information
Implementation of Sustainable Finance in their management strategies. The narrative is is obtained exclusively from PT Vale, covering
Financial Services Institutions, Issuers, and presented in an easily understandable manner, operational areas in Sorowako, Bahodopi,
Public Companies; and data is showcased across different periods for Pomalaa, the Representative Office in Makassar,
performance comparison, effectively illustrating and the Head Office in Jakarta. The reporting
• Global Reporting Initiative (GRI) 2021
the sustainability of environmental, social, and period spans from January 1, 2023, to December
standards, in accordance to the GRI Standards;
governance management. The report is structured in 31, 2023. The Company publishes its Sustainability
• Sustainability Reporting Guidelines & Mining a well-timed manner, utilizing a tested and verified Report annually, with the previous report issued
and Metals Sector Supplement (MMSS) GRI-4. process. It serves as a complement to the 2023 on April 23, 2023. [2-2][2-3]
Annual Report of PT Vale Indonesia Tbk.
• Sustainability Accounting Standards Board
(SASB) Metals and Mining 2021;
Contact Person [2-3]
Adriansyah Chaniago
Vice President Director
Phone: +62-21 5249000
Fax : +62-21 5249020
Email:
ptvicommunications@vale.com
19 Sustainability Report 2023
Page 20
About the Sustainability Report
Feedback Form and Stakeholders in Material Topics Matrix
Company Response the Determination
Occupational Health
[POJK51-G.2][POJK51-G.3]
of Material Topics and Safety
The report is supplemented by a 4.0
There have been no changes in material Economic Water
Feedback Form at the end. In 2023, we Performance and Effluents
topics from the previous reporting 3.5
received no input in the feedback sheet
period. Determination of material 3.0
related to the 2022 Sustainability Report.
topics using surveys through dialog, 2.5
External Assurance discussions, and surveys involving
internal and external stakeholders.
2.0
and Restatement Independent parties facilitated the
Local
community
1.5
Emission
1.0 Control
[POJK51-G.1] discussions, acting as an expert team.
The results of the discussions identified 0.5
There is a restatement of information
10 material topics aligned with the
from previous reporting, including
context of sustainability and supports
energy use data and local suppliers due
the achievement of the SDGs. [3-1][3-2]
to a change in the basis of calculation.
All disclosed information has been Waste
Business
List of Stakeholders in the Ethics
approved by the President Director as Management
Determination of Material Topics
the highest official in the Company’s
sustainability governance. This Internal Eksternal
Sustainability Report has undergone • Management • The Public - from a
external assurance processes by - from a FGD public survey Energy
Post-mining
an independent party, SR Asia • Employees • The Media - using Usage
Rehabilitation
Indonesia, based on the approval - from an sprinklr media
employee monitoring Diversity, Equity,
of the Board of Directors, There
survey • Local stakeholders Stakeholder Perspective and Inclusion
were no conflicts of interest during Business Perspective
- from discussion Average
the verification process conducted and survey sample
on April 3-5, 2024. [2-4][2-5][2-14]
20 Sustainability Report 2023
Page 21
About the Sustainability Report
Material Topics, Impact Coverage,
and Management [3-3]
Material Topic Main Topic Impact Coverage Material Topic Importance and Management
Environment
• The restoration of post-mining • Operational area: Post-mining land restoration will restore the environmental setting and bring sustainable
land. Sorowako benefits. Restoration activities should involve the community
Post-mining
• Biodiversity conservation. and are evaluated by the Board of Directors and relevant authorities according to their
rehabilitation
designation through periodic reporting. PT Vale has identified the impacts as contained in
the AMDAL and the policies implemented in the RPT.
• Greenhouse gas (GHG) • Head Office GHG emission control will help limit climate change by involving all stakeholders. Evaluation
emission measurement and • Operational areas: is carried out through regular reporting to the Board of Directors and relevant parties.
Emission reduction. • Sorowako, Progress is measured against the targets of 33% absolute GHG emission reduction by 2030
Control • Net zero emissions • Bahodopi, and carbon neutrality by 2050 (in line with the Paris Agreement and 10 years earlier than
by 2050. • Pomalaa. national targets).
• Energy efficiency and New and • Head Office Energy efficiency and NRE usage affect the competitiveness of the production cost and
renewable energy (NRE) usage • Operational areas: involve all stakeholders. Evaluation is carried out by the Board of Directors and relevant
Energy
• Reducing fossil fuel • Sorowako, authorities through periodic reporting and the achievement of key performance indicators
Usage
dependance • Bahodopi, (KPI) for the implementing functions.
• Pomalaa.
• Reducing pollution load and • Head Office Waste management involves workers, contractors/ work partners/vendors, and the
preventing environmental • Operational areas: community. It is carried out through recycling, reusing, and reducing (3Rs) waste.
Waste
pollution. • Sorowako, Evaluation is conducted by the Board of Directors and relevant authorities through periodic
Management
• Bahodopi, reporting and the achievement of key performance indicators for the implementing
• Pomalaa. functions.
• Reducing water usage, and • Head Office PT Vale controls the impacts of water usage by reducing the use of water newly
managing effluents. • Operational areas: extracted from nature and managing effluents to meet quality standards. The activity is
Water • Reducing the usage intensity of • Sorowako, implemented by involving workers, contractors/work partners/vendors, the community,
and Effluent new water by 10% by 2030. • Bahodopi, and the government. Evaluation is carried out by the Board of Directors and relevant
• Pomalaa authorities through periodic reporting and the achievement of key performance indicators
for the implementing functions.
21 Sustainability Report 2023
Page 22
About the Sustainability Report
Material Topics, Impact Coverage,
and Management [3-3]
Material Topic Main Topic Impact Coverage Material Topic Importance and Management
Human (Social Aspects)
• Head Office OHS management affects production, operational, and supply chain performance. OHS
• A safe, comfortable, and healthy • Operational areas: is managed by implementing the 10 New Golden Rules, obtaining a safe work permit, and
Occupational Health workplace. • Sorowako, standardizing OHS. OHS management involves workers, contractors/ work partners/
and Safety (OHS) • Bahodopi, vendors, and the government. Evaluation is carried out by the Board of Directors
• Zero incidents • Pomalaa. and relevant parties through periodic reporting and the achievement of key performance
indicators for the implementing functions.
• Operational areas: Community development and empowerment will generate sustainable support for PT
Managing negative impacts and
Local Sorowako. Vale. The Integrated Community Empowerment and Development Program is planned,
improving positive impacts on the
Communiy implemented, and evaluated through community and local government involvement. It is
community.
reported periodically to the Board of Directors.
• Discrimination prevention • Head Office
at work, particularly against Diversity and inclusion are two among several foundations of the Company’s
• Operational areas:
women. sustainability, ensured through an equality approach involving workers, contractors,
Diversity, Equity, • Sorowako,
and suppliers/vendors. Evaluation is carried out by the Board of Directors and relevant
and Inclusion • Doubling women’s • Bahodopi,
authorities through periodic reporting and the achievement of key performance
representation by 2030. • Pomalaa.
indicators for the implementing functions.
• Human rights management.
Governance
• Internalizing compliance and • Head Office PT Vale always complies with regulations and has zero tolerance for corruption. Every
anticorruption. • Operational areas: year, the Company conducts socialization and training of employees, contractors/work
Business Ethics • Sorowako, partners/vendors, and other stakeholders on anticorruption. Evaluation is carried out
• Acting with integrity and • Bahodopi, by the Board of Directors through periodic reporting, a reporting channel, and the
transparency. • Pomalaa achievement of key performance indicators for the implementing functions.
• Head Office
• Economic value generated and Economic performance is a basis for the Company’s activities and, therefore, every risk
• Operational areas:
Economic distributed must be managed by involving all stakeholders. Evaluation is carried out by the Board of
• Sorowako,
Performance Directors and relevant parties through periodic reporting and the achievement of key
• Risk management • Bahodopi,
performance indicators for the implementing functions.
• Pomalaa.
22 Sustainability Report 2023
Page 23
Sustainability Policy and Strategy
Sustainability
Policy and
Strategy PT Vale is committed to building strong and
enduring relationships with stakeholders,
[POJK51-A.1] investing in minimizing the impact of its
activities, adhering to high ethical standards,
maintaining transparent management, and
actively contributing to progress related
to the environment, biodiversity, and
sustainable development. We express this
commitment through various forums, both
within the Company and externally.
23 Sustainability Report 2023
Page 24
Sustainability Policy and Strategy
Why do What do How do What do
we exist? we believe? we act? we look for?
Internalizing
Our Purpose Values Key Behaviors Our Ambition
Sustainability We exist to improve Obsession with safety A great Company recognized
Life matters most.
[POJK51-F.1] [2-24] life and transform the and risk management. by society for being:
future. Together. Act with integrity.
Open and transparent dialogue. Benchmark in safety.
We build and implement a Value the people who
Empowerment with Best in class reliable operator.
build our company.
accountability.
new culture reflected in the Make it happen.
Talent driven organization.
Sense of ownership.
phrase ‘Learning Together’ as a Respect our planet
Leader in sustainable mining.
Active listening and
and communities. Reference in creating
shared compass for sustainable engagement with society.
and sharing value.
transformation. We continue to
Our Levers
Learning
internalize this new culture.
Safety
Vale Production System (VPS)
People
Together
Innovation
Sustainability
24 Sustainability Report 2023
Page 25
Sustainability Policy and Strategy
We set sustainability priorities according to our Sustainability Strategy outlined
Sustainability until 2025. PT Vale is committed to addressing climate change, improving
energy and water efficiency, forest conservation, and improving social
Strategy Priority contributions as part of the transition toward carbon-neutral mining.
1 2 3 4 5 6
Contribution to High Environmental Obsessed with 60kT HPAL Sorowako Asset Integrity
Carbon-Neutral Socio- Performance Protection & Risk and Safety 90kT Sorowako and Maintenance
Economy Culture Management Zero N1 and N2 120kT Pomalaa Adherence
73kT Bahodopi
• Develop a roadmap and • Complete succession • Implement the Green PROPER • Completion of the HIRA • Improve ore quality by • Zero-Based
phased-implementation planning and implement environmental compliance follow-up and implement reducing dilution and Maintenance
toward carbon neutrality IMPACT & role- agenda, compliance audit, critical controls. moisture content. Implementation.
(33% GHG emissions modeling training. emission targets, and • Reproduce N3 & Hi-Po non- • Reduce operating • Completion of the Asset
reduction by 2030 • Implement the monitoring system. energy release reports. variability – kiln Integrity program from
from the 2017 baseline, Supervisor Training • Reclaim 70% of post-mining standby and stability the 2012 assessment.
completion of limited- • Promote the Golden Rules,
Program. land progressively by 2025. INS003, and RAC/MHS. of the power supply. • Implementation of
scale field biomass
trials, and certification • Carry out Superior • Carry out rehabilitation outside • Set up Integrated • Complete the Continuous immersion to improve
of ISO 50001: Energy Employee Training. the contract area of work. Operations Control (COI). Improvement (CI) supply chain &
Management System). • Prepare for diversity and • Implement biodiversity process plant and mass- maintenance synergy.
• Complete the health program
The target refers to inclusion and implement conservation programs. balance synchronization
and facilities repair.
the Paris Agreement programs to overcome programs.
• Implement waste reduction • Implement the Leadership
and is earlier than performance problems. and utilization. • Implement a de bottle-
in the Field (LIF) program.
Indonesia’s NDC. • Improve the quality of necking program.
• Implement water efficiency
• Finalize the social Vale Production System and reduce pollution load. • Conserving minerals
agenda: Dongi relocation (VPS) implementation. by utilizing low-grade
• Implement an environmental
and land encroachment. • Conduct local talent ore (limonite).
management system consistently,
• Completion of gap development programs. one of which is the completion
assessment and of routine internal and external
preparation of ISO 14001: 2015 audits in 2023.
ESG roadmap.
25 Sustainability Report 2023
Page 26
Sustainability Policy and Strategy
PT Vale ESG Roadmap
2022 2023 2024 2025 Beyond
Mastery Performing Excellence Inspire Sustaining
Enhance mutual Implementation of ESG, ESG impact evaluation, impact Internal and external Become global leader
understanding on ESG, partnership, monitoring: reporting, performance communication: in ESG:
policy improvement, • Ensure ESG programs have measurement, and incentives: • Communicate ESG • To be a leading in
and collective option: sufficient resources • Evaluation of impacts impacts using all mining company in
• Become a member of • Formulate monitoring created by ESG programs communication media ESG in Indonesia
International Communities mechanism • ESG performance • Identify key stakeholders • To become a world-class
that support Sustainability measurement for communication targets mining company that
• Seek for relevant partners
• Increase awareness, • Evaluate KPIs, metrics, • Communicate internally carries out sustainable
knowledge, understanding, • Execute partnership mining practices
with IGCN, ICMM, etc and ESG targets for and externally to these
and common perception improvement purposes target stakeholders • To become a mining
of all divisions regarding • Execute and monitor company that contributes
the relationship between planned programs • Recognition for ESG • Continue the
achievements implementation of to the achievement of NDC
ESG and their division
• Measure program success other ESG programs, • Maintain an excellent
• Formulate ESG policies • Formulate improvements
• Formulate a for ESG programs constructing improvements ESG system and pursue
• Formulate SOPs, formulate communication strategy continuous improvement
metrics/targets, formulate
• Continue programs to
KPI and incentive
support Net Zero Carbon
• Socialization
26 Sustainability Report 2023
Page 27
Sustainability Policy and Strategy
Sustainability Strategy Vale 2023 Commitments Vale Global’s Sustainability
Strategies and Commitments
Support sustainable development Climate Change Forests
in the region and enhance Vale’s
reputation with the community. Reduce greenhouse gas Reclamation of ex-mining 1 We need to have a
greater responsibility
for everyone involved in our
3 For us, the future is the
process of constantly
evolving, creating and
emissions by 33% in line land, rehabilitation of
operations, the society, and reinventing.
Guiding Principles with the Paris Agreement land outside the contract
and achieve net zero GHG of work and protection the earth. We are required
• Low carbon chain induction. emissions by 2050, ahead
of Indonesia’s NDC target.
of biodiversity. to perfect ways to improve
the quality of life. 4 For this future, PT
Vale welcomes ideas
• Shared-value generation. Socio-economic by listening and working
2 We have instigated a together, and creating an
• Territorial development. Energy Contribution
sustainability strategy unbroken cycle that brings
• Trust and credibility. prosperity to everyone.
Increase clean to improve the quality of
» Transparency and listening. Healthcare, education, life and change the future.
energy usage. and income generation.
» Response agility. Together.
» Participatory process. Water ESG Gaps 5 We want PT Vale’s future
resources to be used to
create value for everyone.
» Embodiment of different view.
» Converging paths discovery. Reduce surface water Eliminate main ESG
usage by 10%. gaps in relation to
• Clear and measurable KPIs best practices.
27 Sustainability Report 2023
Page 28
Sustainability Policy and Strategy
Pillar Goals and Focus for the Future [POJK51-C.1]
Serving the Doing together. Using Vale’s mobility Transforming the SAFETY
communities by to do something future by taking care
Doing together means This is one of the key aspects to increase
contributing to all. extraordinary. of the present.
willingness to listen. and regain public trust. Ensuring safety of
From the beginning, Everyone must listen: All mining companies We are generating life and operations is Vale’s priority.
PT Vale has served the society, governments, are required to development for communities,
communities, turning customers, and preserve the well-being for society and
VPS
natural resources especially the people nature, protect the permanent environmental
into self-sufficient who are involved in community and preservation mechanisms. A strong management model is essential to
PT Vale’s operations. those involved in the Creating a better world than increase the level of operational excellence. Having
areas, contributing to
After all, we are Company’s operations. before PT Vale establishment. standards is our way of becoming a unified with
the development of Vale organization wherever we operate, as well as
the country. PT Vale the communities. Putting the benefits intrinsic
contributing to building a more reliable company.
is expected to serve Communities are PT to mining at the service
the communities by Vale. Doing together of society as a whole.
providing them with means creating a PEOPLE
In addition, we use the
what they need and collective capacity Our Company is built by human
knowledge, human resources,
want, including mining to think, design, and hands–they are the key elements to
and technical, financial and
materials and other realize possible futures achieving the future we want.
catalytic capacity that PT
resources to improve for everyone. Doing
Vale has developed over the
their quality of life, together means acting
years to rebuild a virtuous INNOVATION
while preserving the with responsibility,
cycle of prosperity that
earth and creating transparency, and Investing in innovations and leaving the
points to an inclusive and
prosperity for all. consistency; walking comfort Zone are the main factors that make
comprehensive future, in
the talk, a system our Company more competitive and profitable.
which everyone benefits and
to enable PT Vale to
PT Vale’s horizons expand to
always transform
meet the needs of a world in SUSTAINABILITY
for the better.
constant transformation. Contributing to improving environmental
conditions, focusing on three dimensions:
environmental, social, and governance. This is
our new mindset: investing with a purpose.
The progress and achievements of the implementation of Commitment 2023 until the end of
2023 are presented in the description of sustainability performance in other sections of this
Report, as well as a full description of the Approach to Sustainability, accessible through the
Company’s website: https://vale.com/indonesia/annual-and-sustainability-reports. [2-23]
28 Sustainability Report 2023
Page 29
Environmental Management Sustainability Performance
PT Vale is committed to managing and protecting the
environment by implementing an Environmental Management
System in accordance with ISO 14001:2015 standards, as well
Environmental as the Principles of Sustainable Mining Management based
on the International Council on Mining and Metals (ICMM)
Management
Sustainable Development Framework. Environmental policies
on energy efficiency, emission reduction, waste management,
water efficiency, pollution reduction, and biodiversity
Sustainability
conservation further support the Company’s commitment.
EMS implementation ensures consistency in environmental
management through resource allocation, responsibility
Performance assignment, and ongoing evaluation integrated with the
Company’s business processes. Additionally, the commitment
to environmental management is supported by policies to
consult stakeholders, including public consultations for the
preparation of AMDAL documents, Environmental Monitoring
Plans (RPL), and Environmental Management Plans (RKL)
related to the implementation of several IGP projects. [2-25]
We continually enhance environmental regulatory compliance
by implementing the Regulation Compliance System application
and address environmental improvements through the
implementation of PRO-027476-Preliminary Risk Analysis and
Aspects Assessment and SP10 Change Management. These
efforts are integral to the Company’s strategy to mitigate
the impacts of mining operations on the environment in
accordance with the stages of activities conducted in each
operational area, namely the Sorowako, and Bahodopi blocks.
Operational activities include various stages such as land
clearing, ore excavation, transportation, stockpiling, screening,
and land rehabilitation. The environmental impacts of these
operations include risks such as Greenhouse Gas (GHG)
emissions, waste disposal, and energy consumption which can
disrupt ecosystem balance and environmental sustainability.
We routinely monitor and measure our environmental
management performance and communicate any constraints
or challenges in environmental management to find the
best solutions. PT Vale has mechanisms to transparently
address and communicate any environmental management
issues and report environmental management performance
through ESG-related publications on the Company’s website,
as well as periodic reporting to relevant authorities.
29 Sustainability Report 2023
Page 30
Environmental Management Sustainability Performance
Sustainable Mine Management Principles Based on
the ICMM Sustainable Development Framework
Adopt ethical business Respect the human rights, Pursue continual Contribute to Pursue continual improvement
practices, good cultures, customs, and improvement in health and biodiversity conservation in social performance and
corporate governance, values of employees and safety performance with and integrated contribute to the social,
and transparency to communities affected by the ultimate goal of zero approaches to land-use economic, and institutional
support sustainable our activities. harm. planning. development of host countries
development. and communities.
Integrate sustainable Implement effective risk Pursue continual Facilitate and support the Proactively engage
development in management strategies improvement in knowledge base and systems key stakeholders in
corporate strategy and systems based on environmental performance, for responsible design, use, sustainable development
and decision-making sound science and taking including water stewardship, reuse, recycle, and disposal of challenges and
processes. into account stakeholders’ energy use, and climate products containing metals opportunities in an open
risk perceptions. change. and minerals. and transparent manner.
Through the application of principles within the ICMM Sustainable
Five Environmental Commitments 2023 Development Framework, PT Vale oversees and ensures that the mineral
product (nickel), which is ‘primary nickel’ from nickel ore, has undergone
responsible production processes. These principles are integrated into
Low carbon Reducing water Biodiversity the Company’s strategy and investment decision-making processes, as
agenda consumption conservation well as in the design, operation, and closure of facilities. By prioritizing
intensity sustainability in every business process, we not only meet the demand for
sustainable nickel but also contribute to global economic decarbonization
and the achievement of the Sustainable Development Goals (SDGs). As for
the active environmental management plan, PT Vale has implemented Life
Cycle Assessment (LCA). The policy for areas with protected conservation
status is contained in the Environmental Management Plan (RKL) and
Environmental Monitoring Plan (RPL) reported to the authorities. This
policy is also in line with the International Finance Corporation (IFC)
Reducing pressure on Transboundary and International Organization of Standardization (ISO) performance
landfills forestation standards. [EM-MM-160a.1]
30 Sustainability Report 2023
Page 31
Environmental Management Sustainability Performance
Materials Used
and Material
The material used as raw material
for nickel in matte production
is nickel ore, classified as a non-
Stewardship renewable material obtained from
mining activities in Sorowako, with
a 70,728 MT total volume utilized in
2023. There are no materials sourced
from recycling. PT Vale generates
no tailings, but nickel slag which is
categorized as non-B3 waste. The
transportation process of nickel in
matte utilizes special packaging,
and the buyer collects all packaging
back. [EM-MM-540a.1][EM-MM-540a.2]
[EM-MM-540a.3]][301-1][301-2][301-3]
To ensure the continuity of operations
and business, the Company conducts
material stewardship through
exploration activities to discover new
mineral resources. In 2023, PT Vale
allocated a capital expenditure of
US$9,719,725 for exploration activities.
As of December 31, 2023, the Company
had a total Saprolite Ore Reserve
of 156.4 million tons, consisting of
Proven Reserves of 87.2 million tons
and Probable Reserves of 69.2 million
tons. This amount increased by 35%
from 2022 with a total Saprolite
Ore Reserve of 111.6 million tons,
consisting of Proven Reserves of
65.8 million tons and Estimated
Reserves of 45.7 million tons.
31 Sustainability Report 2023
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Environmental Management Sustainability Performance
As of 31 December 2023, the Company
Nickel in Matte Production Performance and Nickel Ore Volume
has total mineral reserves of 437.7
Description Unit 2023 2022 2021 million dry tons, consisting of:
Nickel in Matte Production Ton 70,728 60,090 65,388 • Mineral reserves in limonite of 213.3
million dry tons which are new
Nickel Ore Volume reserves from the Pomalaa project.
Limonite • Mineral reserves in saprolite of 221.3
Proven Ore Reserves 81.1 N/A N/A million dry tons, an increase of 92%
Million Tons
from 2022 of 111.6 million tons. The
Probable Ore Reserves (DKP) 132.2 N/A N/A additional reserves come from new
Saprolite reserves in the Bahodopi 2-3 Block
project and the Pomalaa project.
Proven Ore Reserves Million Tons 122.3 62.0 65.7
Probable Ore Reserves (DKP) 99.0 46.9 42.1
*Reserves include Sorowako Operations, Bahodopi Block 2-3, and Pomalaa
32 Sustainability Report 2023
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Environmental Management Sustainability Performance
Low Carbon
Agenda PT Vale is committed to maintaining nickel mining
operations with low carbon intensity, aiming for Net Zero
Emissions (NZE) by 2050, with a medium-term target of
reducing absolute carbon emissions by 33% by 2030.
PT Vale’s Global Contribution
We believe that energy transition is key to successfully
mitigating climate change and preventing a temperature
increase of 2°C as per the Paris Agreement. Nickel, a
product of PT Vale, will play a crucial role in the energy
transition by contributing to the construction of
renewable infrastructure and supporting electrification
through electric vehicles. The increasing demand for
nickel commodities is expected to positively impact the
Company’s financial performance in the coming years.
Reducing Emissions Together
Climate change risk management is one of PT Vale‘s
sustainability focuses, aligning with the Paris Agreement.
As further detailed in Presidential Regulation No. 98 of
2021. The Company contributes to ensuring that global
temperature rises remain below 2°C. To achieve this, PT
Vale has established a Roadmap to Net Zero Carbon by
2050. The Company‘s strategic focus revolves around
energy efficiency solutions and energy transition,
maximizing the use of renewable energy sources and
conserve energy. The mid-term target for 2030 is a 33%
absolute reduction in emissions for Scopes 1 and 2, with
the long-term goal of achieving carbon neutrality (NZE)
by 2050. PT Vale‘s efforts are in line with the Indonesian
government‘s commitment to reducing greenhouse
gas emissions in the updated Nationally Determined
Contribution (NDC), unconditionally to 29% and
conditionally (with international support) to 41% compared
to business-as-usual (BAU) scenarios, amounting to 834 MT
CO2eq and 1,185 MT CO2eq, respectively, by 2030.
[EM-MM-110a.2]
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Environmental Management Sustainability Performance
PT Vale’s Road Towards Carbon Neutrality
Project
Project Development
Development
(Phase IV) & Project Project Realization
(Phase II)
Realization • One Grid (Power
Stabilaztion) Increasing
2050
• Study-3 Solar PV
2019 120 MWp (TE) • Study-3 LNG Supply (TE) plants’ capacity (EE)
Quick Win • Study-3 Power • Study-2 Furnace Waste Heat • Study-3 Hydrogen
Stabilization (EE) Recovery ORC or supply sources & their use
• Electric Boiler to kiln and dryer (EE) • Study-3 Conveyor to
Operation (TE) • Air Supply Improvement (EE) transport ore (TE)
• Study-2 Hydrokinetic (EE) Net Zero
• Biodiesel • Other supporting Emission
Usage (TE)
• Energy 2021 • Study-1 Larona Mini
Hydro (TE)
facilities (TE)
• Reforestation
Conservation (EE) • Study-1 Batubesi Dam
Pump Storage (EE)
2019 2030
2023 2025
• Waste heat utilization for
2022 furnaces, kilns, & dyers (EE)
• Continued electrification of
light vehicles and mines (TE)
• Ore transport conveyor (TE)
• Other supporting facilities (TE)
2020 Project Development
(Phase III) & Project 2028
• Reforestation
Project Preparation
(Phase I)
Realization
• Smart Energy Monitoring (EE)
• Study-3 Strengthening
hydropower supply (EE)
Project
-33%
• Study-3 Improving air supply (EE) Implementation
• Hydropower • Repairing heating-up
Optimization (EE) boiler package (EE) • Electrification of light
• Energy Conservation (EE) • Testing biomass for reductors (TE) vehicles and mines (EE)
• Modular screening station • Testing electric vehicles and • Coal/oil conversion into • GHG emission
to cut transportation heavy equipment (TE) natural gas or hydrogen (TE) reductions
distances (TE) • Trying the repair WOS to reduce • Coal conversion into biomass • Energy conversion into
its water content (EE) for reductants (TE) LNG to contribute to
emission reductions of
around 28%
34 Sustainability Report 2023
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Environmental Management Sustainability Performance
GHG Emissions Calculation and Reduction
[POJK51-F.11] [POJK51-F.12]
29%
GHG emissions are calculated at Sorowako operations, covering scope 1 emissions from Fuel Efficiency Fuel Shift
production activities and fuel consumption, as well as scope 2 emissions from electricity Stockpile Redesign- Fuel/Coal conversion to
Reduce Moisture LNG, Biomass, Biofuel
usage. PT Vale has not yet calculated scope 3 emissions, however we have plans to do so in
the near future. The calculation results are expressed as total GHG emissions in metric tons
of CO₂eq, including the conversion of non-CO₂ GHG emissions (CH₄, N₂O, and HFC). Biogenic WET ORE DRYER DRIED ORE
CO₂ emissions are not included in the calculation. The calculation is based on the energy STOCKPILE KILN (3) STORAGE
consumption balance method from fossil fuels and greenhouse gas-causing gases with a
baseline year of 2017, a Global Warming Potential (GWP) index of 1, and the guidelines of
the Intergovernmental Panel on Climate Change (IPCC) with GWP index referring to the
assessment of the fifth report in 2014 (AR-5). [305-1][305-2][305-3]
58%
GHG emissions in 2023 are 2,032,313 ton CO₂eq. This value has increased from the 2017 Waste Heat
baseline, in line with the 17.7% increase in nickel in matte production volume. However, Utilization
REDUCTION
Furnaces Off
based on emission intensity, we experienced a decrease in 2023 by 1.1% compared to 2022. 1%
Gas, Slag Heat
KILN
Going forward, the Company continues to seek breakthroughs to meet its commitment to (5)
Recovery Calcine
reduce scope one and two absolute greenhouse gas (GHG) emissions by 33% by 2030, and
towards NZE by 2050. Furnace Matte Fuel Shift
ELECTRIC Furnace Fuel/Coal conversion to
FURNACE Slag LNG, Biomass, Biofuel
(4)
GHG Emissions Calculation Compared to 2017 Baseline
2017 Nickel in
Description Unit 2023 2022 2021 matte
Baseline
Converter CONVERTER
Total GHG Emissions Tons of CO2eq 2,032,313 1,748,552* 1,971,075 2,013,950 Slag (3)
• Scope 1 Tons of CO2eq 2,029,486 1,745,817 1,968,544 2,010,963
2%
Product Dryer - Fuel Shift
• Scope 2 Tons of CO2eq 2,827 2,735 2,530 2,987 Fuel to LNG, Biofuel
SHIPMENT
*Restatement of 2022 Data: Addition of AFOLU/New Open Area
The low intensity of GHG emissions by PT Vale is supported by three hydropower plants,
capable of avoiding additional scope 1 carbon emissions equivalent to 1,118,231 tons of CO2eq
per year if calculated based on the volume of diesel fuel usage for diesel power plants;
and equivalent to 2,292,375 tons of CO2eq per year using coal for steam power plants. We
continue to develop opportunities to reduce GHG emissions from production processes with
a potential of 1,800 kilotons of CO2eq, or 90% of total GHG emissions. Other opportunities
arise from mining areas with a potential GHG emissions reduction of 200 kilotons of CO2eq.
[305-5]
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Environmental Management Sustainability Performance
Opportunities in Operational Areas
Form of Opportunity Realization in 2023
PT Vale implements efficiency measures using a model-based controller
200 kt CO2eq to maintain gas temperature stability in the Reduction Kiln. This
controller automatically adjusts the addition and/or reduction of
(10% of Total GHG Emission) Automation Marine Fuel Oil (MFO) based on the actual gas temperature compared
to the operational target. Operators only need to set the desired gas
Efficiency temperature, and the system efficiently regulates the rate of MFO
200,000 Development addition and/or reduction.
Two Modular Screening Station (MSS) units, namely MSS 12 and MSS 13,
150,000 Modular Screening are currently undergoing trials before regular operation. The potential
Mobile Station reduction in Greenhouse Gas emissions from regular operation is
100,000
Equipment estimated at 5,000 tons of CO2eq per year.
Until March 2023, PT Vale utilized B30 fuel. Starting from April 2023, the
Fuel Diversion Biodiesel
Company shifted to B35 fuel.
50,000
Unclassified In 2023, biomass usage amounted to 2,234 tons from palm shell and
wood charcoal. During this trial phase, PT Vale combined coal with
Renewable
Energy biomass as a reducer in the Reduction Furnace unit and as fuel in the Coal
Generation
Mill unit. The use of biomass as a substitute for coal has the potential to
reduce GHG emissions by 311,000 tons of CO2eq per year.
Efficiency The Company launched an electric bus on December 14, 2023, in the
Improvement Fuel Sorowako Block. This electric bus, with a capacity of 48 passengers, will
serve employee transportation. The bus operates on a battery with
Switching
• Automation a capacity of 315 kWh, equivalent to a range of 250 kilometers. The
• Modular Screening Biodiesel operation of one electric bus has the potential to prevent GHG emissions
by 48.11 tons of CO2eq per year, based on calculations equivalent to the
use of oil fuel in conventional buses.
Energy Electrification
Battery-based
Electrification
Renewable Baterai Electric Electric Vehicles
Generation Vehicle
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Environmental Management Sustainability Performance
GHG Emission Intensity [POJK51-F.11] Non-GHG (SO2 and Particulate)
The GHG emission intensity calculates the equivalent carbon emissions Emission Control [EM-MM-120a.1]
(CO2eq), including CH4, N2O, HFCs, and others, based on the total GHG
emissions of scopes 1 and 2 for every ton of nickel in matte produced. SO2 emissions originate from sulfur usage in the sulfidation process during nickel ore
The result is expressed in tons of CO2eq per ton of Ni, using calculation processing, as well as the use of High Sulphur Fuel Oil (HSFO) and coal. We manage SO2
methods based on IPCC guidelines. The GHG emission intensity value in emissions through monitoring and calculation to comply with the quality standards outlined
2023 is 2,032,313 tons of CO2eq per ton of Ni, with a decrease in intensity in Minister of Environment Regulation No. 4 of 2014 concerning Emission Quality Standards
of 1.3% from the 2022 value of 29.1 tons of CO2eq per ton of Ni. [305-4] for Non-Moving Sources in Mining Activities. Calculations employ a mass balance method,
determining emission intensity by comparing the weight of emitted SO2 with the weight of
the resulting products, expressed in tons of SO2 per ton of Ni. The results for 2023 show that
GHG Emission Intensity Calculation Results [305-4] the SO2 Emission Intensity value remains below the quality standard threshold of 0.80 tons
SO2eq/Ton Ni. [305-7]
Description Unit 2023 2022 2021
Total GHG SO2 Emission Intensity Measurement and Calculation
Tons of CO2eq 2,032,313 1,748,552* 1,971,075
Emissions
Scope 1 Tons of CO2eq 2,029,486 1,745,817 1,968,544 Description Unit 2023 2022 2021
Scope 2 Tons of CO2eq 2,827 2,735 2,530 Total Nickel Production Ton 70,728 60,090 65,388
Total Nickel Total SO2 Emissions Ton SO2eq 53,188 43,377 50,666
Ton 70,728 60,090 65,388
Production Emission Intensity Ton SO2eq/ 0.75 0.72 0.77
GHG Emission Tons of SO2 Quality Standard Ton Ni 0.80 0.80 0.80
28.7 29.1* 30.1
Intensity CO2eq/Tons
*Restatement of 2022 Data: Addition of AFOLU/New Open Area
Particulate emissions control is conducted through monitoring and measurements
at the dryer kiln chimney, reduction kiln, electric furnace, and product dryer. The
Emissions Containing Ozone- measurement of particulate intensity is expressed in tons of Particulate/ton of Ni. The
results of the particulate concentrate measurement for the year 2023 indicate 0.007
Depleting Substances (ODS) tons of Particulate/ton Ni. [305-7]
In 2023, several breakthroughs were implemented as efforts to reduce particulate
PT Vale does not utilize HCF-22 freon (CHF2Cl), opting instead for
emissions, including the implementation of Dust Net. The Dust Net is aimed at reducing
environmentally-friendly alternatives. The majority of our freons are R32
particulate emissions generated from the ore placement process in the Dry Ore Storage.
known which has ozone depletion potential (ODP) of 0. We consistently
factor freon usage into our greenhouse gas calculations. [305-6]
SO2 Emission Intensity Measurement and Calculation
Description Unit 2023 2022 2021
Total Nickel Production Ton 70,728 60,090 65,388
Total SO2 Emissions Ton Particulate 600 681 1.613
Ton Particulate/
Emission Intensity 0.007 0.009 0.020
Ton Ni
Description: Quality Standard Based on Permen LHK No.4.2014
37 Sustainability Report 2023
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Environmental Management Sustainability Performance
Low-Emission Technologies • Substituting coal with biomass as a reducer in
the reduction furnace and as fuel in the coal
Energy Consumption and
Efficiency [POJK51-F.6]
for New Plants mill, totaling 2,234 tons. This significantly
reduced non-renewable energy usage. PT Vale Energy consumption calculation encompasses
also contributed to waste reduction by utilizing the volume of energy usage within the Company,
On February 10, 2023, the Company conducted the groundbreaking palm oil mill waste such as palm shells. including heavy equipment operation in nickel ore
for the Low Carbon Nickel Mining and Processing Project in mining operations and nickel in matte production
Morowali Regency, Central Sulawesi. This project is developed • The implementation of Electric Boilers in 2023 processes. We have not calculated energy
by PT Vale and PT Bahodopi Nickel Smelting Indonesia (PT successfully reduced Marine Fuel Oil (MFO) and consumption outside the Company. The energy
BNSI). The mining site is located in the East Bungku of East Biodiesel 35 consumption equivalent to 113,041 consumed is sourced from hydropower plant
Bungku and Bahodopi, while the processing plant is situated GJ. This success motivates the company to electricity supply, which constitutes renewable
in Sambalagi Village, Bungku Pesisir Sub-district. The nickel replicate Electric Boilers in the near future. energy, as well as thermal power plants and the
smelter construction in Morowali employs Rotary Kiln Electric use of fossil fuels, which are non-renewable
Furnace (RKEF) technology. Gradually, the energy needs for • Gradually replacing diesel-fueled trucks, buses, and energy sources. The total energy consumption
the smelter will be supplied by liquefied natural gas (LNG). light vehicles with electric vehicles, with one unit calculation involves summing the volume of
each in 2023. 2023 marks the beginning of PT Vale’s energy sources used, which is then converted
vehicle electrification program, demonstrating to Gigajoules (GJ) using the International Energy
Collaborative Energy the Company’s commitment to increasing
electricity usage, especially from its electricity
Agency (IEA) conversion factor. [302-1][302-2]
Management to Support a Low generation through its 3 hydropower plants. Total energy consumption in 2023 amounted
Carbon Economy • Supporting government policies to reduce
to 30,974,878 GJ, representing a 14.9% increase
from 2022, which stood at 26,689,441 GJ.
dependency on petroleum usage by utilizing Renewable energy usage from hydropower
About Vale Power Shift (VPS) 35% biodiesel as vehicle and plant fuel. plants accounted for 8,791,124 GJ or 28.4% of
the total energy usage, while energy usage from
We implement Vale Global’s internal program, VPS, to support • PT Vale continues to innovate with new B30 Biodiesel until March amounted to 500,552
future low-carbon economic transition policies. VPS aims technologies, such as improving air pipe design GJ then starting April changed to Biodiesel B35
to improve the Company’s energy matrix by focusing on in thermal & process plants to achieve an energy amounting to 1,741,583 GJ, from the total use of
renewable energy and alternative fuels, as well as efficiency efficiency of 75,578 GJ. Additionally, in 2023, we biodiesel B30 and B35 amounted to 2,244,136 GJ
through new technology usage. The initiatives related to reduced the intensity of Package Boiler#2 heating or 7.2% of the total energy requirements. The
VPS in 2023 contributed to a 1.8% reduction in energy usage up while maintaining engineering calculations remaining 19,939,619 GJ, or 64.4%, came from
intensity compared to 2022. Efforts in 2023 included: to decrease energy usage by 7,681 GJ. non-renewable energy sources, with the largest
volume coming from Marine Fuel Oil (MFO) usage
totaling 10,295,322 GJ. [302-1][EM-MM-130a.1]
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Environmental Management Sustainability Performance
Energy Consumption Volume in the Company (GJ) PT Vale has a hydropower plant in the Sorowako area and has distributed
electricity from hydropower of 10.7 MW or the equivalent of 337,435 GJ to the
Energy Source Allotment 2023 2022 2021 people in East Luwu, through PT PLN (Persero) in 2023. [POJK51-F.5][302-1]
Non-Renewable Energy
Energy Intensity [POJK51-F.6]
Drying Kilns 4,477,155 3,221,576* 4,969,801 Energy intensity is calculated as the total energy required from electricity
Reduction Kilns – consumption and fuel usage to produce one ton of nickel in matte. The
3,399,804 3,226,794 3,002,054
Reductant calculation does not include energy usage outside the Company. The Energy
Coal Intensity value for 2023 reached 437.9 GJ/ton Ni, lower than the 2022 figure of
Reduction Kilns –
1,761,553 1,685,919* 1,973,050 448.6 GJ/ton Ni. [302-3]
Combustion
Total Firing Kilns 9,638,512 8,134,288 9,944,905
Thermal Generators 9,269 2,506 23,182 Energy Intensity Measurement Results [302-3]
Steam Boilers 7,740 6,804 14,268 Description Unit 2023 2022 2021
PP Dryer Furnaces & Total Nickel Production Ton 70,728 60,090 65,388
335,981 314,318 332,241
Others
Total Energy Used GJ 30,974,879 26,956,105* 28,551,417
High Speed Diesel Reduction Kilns 40,555 47,087 34,943 Energy Intensity GJ/Ton Ni 437.9 448.6 436.6
(HSD) Refining – 78% Nickel 40,571 36,775 39,450 * Restatement due to data recalculation
Heavy Vehicles 1,593,558 1,409,259 1,676,109
Light Vehicles, Trucks,
216,462 119,638* 171,030
and Others Energy Consumption Reduction [POJK51-F.7]
Total 2,244,136 1,936,386 2,291,223 By comparing the volume of energy sources used, the company achieved a
Steam Boilers 24,928 11,811* 22,984 reduction in energy consumption of 437.9 GJ compared to the 2017 baseline.
Energy usage in 2023 decreased from 448.6 GJ in 2022. This reduction was
High Sulphur Fuel Oil Drying Kilns 1,600,666 1,980,456* 640,555 influenced by the increase in nickel production. [302-4]
(HSFO) Reduction Kilns 8,669,728 7,088,557* 7,424,388
Total 10,295,322 9,080,824 8,087,927
Energy Consumption by Source in 2023
Gasoline Light Vehicles 5,784 6,625 3,616 and Comparison with 2022 [302-4]
Renewable Energy
Energy 2023:2022
Unit 2023 2022 2021
Hydropower Plant 8,791,124 7,797,981 8,223,746 Source Volume %
Processing Plant HSFO Barrel 1,654,992.7 1,467,780.5 1,291,026.7 187,212.1 12.8%
B30 Biodiesel** 150,766 580,916 687,367
B30 Biodiesel** 609,554 N/A N/A HSD Liter 68,057,320.0 58,597,015.3 69,482,973.6 9,460,304.7 16.1%
Non-Renewable + Renewable Energies 30,974,879 26,956,105 28,551,417 Coal Ton 347,362.00 292,341.0 374,918.1 55,021.0 18.8%
*Restatement due to data recalculation
**Biodiesel Usage Data for B30 through March 2023 and B35 April - December 2023. Biodiesel B30 and
B35 data is part of high speed diesel (HSD) data
39 Sustainability Report 2023
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Environmental Management Sustainability Performance
This report does not include the calculation of
energy reduction/efficiency from products/
services sold in 2023, nickel in matte is shipped
out using vessels provided by the buyers.
Therefore, PT Vale bears no responsibility for
energy calculation based on fuel consumption
volume conversion. [302-5]
Contribution to New and Renewable
(NRE) Energy Development [POJK51-F.7]
PT Vale supports the EBT transition by
developing NRE based on nickel products. The
utilization of renewable energy for electricity
and biodiesel is 30.84%(energy mixed).
To support the construction phase of the
HPAL plant in Pomalaa, on June 7, 2023, PT Vale
and PT PLN (Persero) signed a Memorandum
of Understanding for a Power Purchase
Agreement (PPA) of 1000 kVA or 1 Megawatt
(MW). According to this agreement, the
electricity supplied to PT Vale‘s needs in the
Pomalaa Block is sourced from renewable
energy. The electricity supply originates
from the Kolaka Main Substation, which
receives electricity from the Sabilambo Micro
Hydropower Plant with a 2 MW capacity.
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Environmental Management Sustainability Performance
Implementing Mine Land
Reclamation and Biodiversity PT Vale is committed to implementing
reclamation as part of the Mine Closure
Conservation Together
Plan in accordance with Government
Regulation No. 78 of 2010 concerning
Reclamation and Post-Mining. The
[POJK51-F.10] Company adheres to a policy of
maintaining the total area of open-
pit, with biodiversity management.
We conduct open-pit mining activities
that have an impact on altering the
natural landscape, thus affecting
the ecosystem and biodiversity
within it. The Company is committed
to managing negative impacts by
undertaking biodiversity conservation,
progressive reclamation, and post-
mining rehabilitation in accordance with
applicable regulations and provisions.
This activity also has a positive impact,
such as planting plants that can be used,
including in the reclamation program.
In addition, planting tree species
can also provide food for wildlife.
We are committed to restoring
the land to its original condition
through the following stages:
• Mining planning.
• Progressive reclamation
and rehabilitation.
• Reporting and evaluation.
• Mine closure plan.
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Environmental Management Sustainability Performance
Environmental Costs [POJK51-F.4] [MM10][304-3] Watershed Land Rehabilitation Outside the CoW [EM-MM-160a.2]
We have a Mine Closure Plan document that has been updated Reclamation of former mining lands aims to restore ecosystem balance and conserve and protect protected
in 2022 and communicated to all stakeholders. The Mine Closure and endemic flora and fauna. PT Vale is committed to limit the open land area for mining operations
Plan covers the entire (100%) operational area of the mine in and managing biodiversity in mining operation areas in accordance with Approval Letter No.188.4/66/
Sorowako. PT Vale also includes guarantees for mine closure. The II/BAPEDALDA. We also engage in land rehabilitation and reforestation beyond mining operation areas,
commitment to land reclamation and rehabilitation is supported by particularly in critical lands and watersheds as mandated by Ministry of Environment and Forestry Regulation
the allocation of financial provisions included in the environmental No. 59 of 2019 regarding Planting for Watershed Rehabilitation. Specifically, watershed rehabilitation is
cost component in the Company’s Financial Statements. The conducted in 13 regencies in South Sulawesi Province and 3 regencies in West Java Province.
actual environmental management costs in 2023 amounted to
US$67,340,642 for the Sorowako, Pomalaa, and Bahodopi areas, Locations and Total Area of B#1 Watersheds Rehabilitated by PT Vale
representing an increase from US$20,142,498 in 2022.
South Sulawesi
Year Environmental Management Costs (US$) Regency Watershed Area (Ha)
East Luwu Labongko, Kalaena, and Pongkeru Watersheds 1,490
2023 67,340,642
North Luwu Rongkong Watershed 895
2022 20,142,498
Luwu Tomboe, Keppe, Larompong, and Lamasi Watersheds 1,101
2021 21,349,994 Tana Toraja Saddang Watershed 1,190
2023 data covers Bahodopi area North Toraja Saddang and Paremang Watersheds 329
Enrekang Saddang Watershed 200
Pinrang Saddang Watershed 450
Soppeng Bila Walanae Watershed 400
Bone Bila Walanae and Matuju Watersheds 1,735
Barru Lisu Watershed 250
Maros Bila Walanae Watershed 1,000
Gowa 1 Jeneberang Watershed 100
Gowa 2 Jeneberang, Kelara, and Tangka Watersheds 735
Takalar Pamukkulu Watershed 125
Total 10,000
Locations and Total Area of B#2 Watersheds Rehabilitated by PT Vale
West Java
Regency Watershed Area (Ha)
Sumedang Cipunagara Watershed 191
Pangandaran Cikembulang and Cikeuleuweung Watersheds 35
Cisaringi, Cipatujah II, Cikamunding, Cipanyerang, Cipalireman, Cilanglah, Cilanglah II,
Tasikmalaya 209
Ciwulang, Cimedang, Cipacor, Cipadabumi, and Cipadabumi II Watersheds
Total 435
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Environmental Management Sustainability Performance
In 2023, the rehabilitation conducted by PT Vale entered the
second-year planting and maintenance phase (P2). To ensure the
success of the program, the Company, together with stakeholders,
conducted Gemba or field visits to Lappa Laona Village, one of
the watershed rehabilitation sites in Barru Regency. During the
Gemba activities, stakeholders provided suggestions for improving
the implementation of second-year planting and maintenance,
adjusting technical designs according to site conditions, and
replacing seedling types. We are committed to enhancing the
success of watershed rehabilitation before handing over the
green land to the Government. The success criteria for watershed
rehabilitation are agroforestry with the number of stands
reaching 400 trees per hectare, intensive with the number of
stands reaching 625 to 1,100 trees per hectare, and the level of
growing plants and healthy plants is more than 75 percent of the IPPKH, Total Areas, and Percentages of Protected Areas
[304-1][EM-MM-210a.1][EM-MM-160a.3]
number of initial plants.
The watershed rehabilitation program in West Java Province Proven Estimated
Protected
conducted by PT Vale will continue until 2025. As of the end Block IPPKH Number Percentage Reserves Reserves
Area (Ha)
of 2023, the planting realization covered an area of 435 Ha, (Ha) (Ha)
including regions in West Java Province, comprising 191 Ha in SK No.645/MenLHK/SetJen/PLA.0/12/2018 8,199
Sumedang Regency, 209 Ha in Tasikmalaya Regency, and 35 Ha in
Sorowako SK No.866/MenLHK/SetJen/PLA.o/10/2021 3,730 41% 1,986 1,462
Pangandaran Regency.
SK No.850/MenLHK/SetJen/PLA.0/10/2021 17,239
In addition to the planting realization by the end of 2023, there
SK No.341/MenLHK/SetJen/PLA.0/5/2019 2,143
was also the implementation of second-year plant maintenance Bahodopi 68% 0 0
(P2) covering an area of 10,000 ha, spanning across 13 regencies in SK No.5/MenLHK/SetJen/PLA.0/1/2022 13,362
South Sulawesi Province. The watershed rehabilitation activities Pomalaa SK No.238/1/KLHK/2021 11,439 46% 440 1,011
aim to restore, maintain, and enhance watershed functions,
including environmental conservation, by planting various types Total 56,108 48% 2,426 2,473
of timber and non-timber forest products (NTFPs) according to
site suitability. Furthermore, watershed rehabilitation activities
can improve the welfare of communities living around the forest During the reporting period, the Company conducted a represents a further step following the completion
by promoting sustainable forest management practices. socialization event regarding the status and jurisdiction of the permitting process for PT Vale’s IPPKH in the
of forest areas within the IPPKH in the Pomalaa Block, extraction area in Pomalaa, as per the designation of
The mining operations area of PT Vale is privately owned under a Kolaka Regency. The objective of this activity was to the operational area through Decree Number SK. 1565/
Contract of Work with the Government of Indonesia, which was enhance and broaden the understanding and awareness MENLHK-PKTL/REN/PLA.2/2/2022 dated February
amended in 2014. Some parts of the operational area are located of the importance of understanding forest areas and 25, 2022, covering an area of 11,432.57 hectares,
within protection forest areas. We have obtained Borrow-to- related actions. The event was attended by community consisting of Protection Forest (HL), Limited Production
Use Forest Permits (IPPKH) from the Ministry of Environment leaders, village heads, and representatives from the Forest (HPT), Permanent Production Forest (HP),
and Forestry regarding the use of protection forest areas. In districts in the four empowerment zones of PT Vale Convertible Production Forest, and the Free Community
addition, the area of operation is not in an active conflict area. in the Pomalaa group. This activity implementation Empowerment Zone of Forest Areas (PBPH).
[304-1][EM-MM-210a.1][EM-MM-160a.3]
43 Sustainability Report 2023
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Environmental Management Sustainability Performance
Protecting
Biodiversity [POJK51-F.10]
PT Vale operates open-pit mining activities, which can
lead to changes in the natural landscape, ecosystems, and
biodiversity within the area. To mitigate these impacts,
we implemented a policy to limit the area opened for
mining activities each year. The actual area opened for
mining operations during the reporting period reached
230.16 Ha, bringing the cumulative area for mining
operations by the end of 2023 to 5,667.73 Ha. [304-2]
Area of Disturbed and Rehabilitated Land (Ha) [304-3]
Total Unrehabilitated Total Rehabilitated Total Unrehabilitated PT Vale is committed to conserving protected and
Total Disturbed Area
Disturbed Area at the Area in the Current Disturbed Area at the endangered species of fauna and flora. A joint study
Year in the Current Year
Beginning of the Year Year End of the Year conducted with Hasanuddin University in 2020
identified 43 protected species listed on the IUCN Red
1 2 3 1+2-3
List within the mining operation area of Sorowako
2023 1,958.4 230.2 224.4 1,964.2 Block. The list of these species can be found in the
Appendix. Until the end of 2023, these species are still
2022 2,054.1 199.8 295.4 1,958.4 found in the Sorowako Block. [304-4][MM2]
As part of PT Vale’s commitment to biodiversity
2021 2,076.7 261.1 283.7 2,054.1
conservation, the Company has established the
Sawerigading Wallacea Biodiversity (Kehati) Park,
The implementation of post-mining rehabilitation We manage species affected by mining activities serving as a conservation area for flora and fauna, an
involves local communities who have received training, through identification and relocation to other educational hub for biodiversity, a recreational space,
non-governmental organizations (NGOs), government locations, including post-mining rehabilitation and a jogging track. The park was inaugurated on March
agencies, and other third parties. Periodically, the Ministry areas. In 2023, the reclaimed mining land reached 30, 2023, by President Joko Widodo.
of Energy and Mineral Resources conducts monitoring and 224.4 Ha, achieving 86.3% of the targeted 260 Ha. In addition to providing a new habitat for plant species,
evaluation of success so that it is feasible to hand over to the Sawerigading Wallacea Biodiversity Park is home to
We aim to complete the reclamation and
the Government. Success criteria include land stewardship 30 deer and serves as a breeding ground for endemic
rehabilitation of land totaling over 10,000 hectares
standards, revegetation, and final completion, in accordance butterflies. The facilities of the Sawerigading Wallacea
by the year 2024. Gradually, the rehabilitated
with Permen of ESDM No.26 of 2018 and Kepmen ESDM Biodiversity Park cover an area of 15 Ha and are
land will be handed over to the Government for
No.1827K/30/MEM/2018 concerning Guidelines for the integrated with a nursery center.
reforestation purposes. [304-2][304-3][MM1]
Implementation of Good Mining Engineering Rules. [304-3]
44 Sustainability Report 2023
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Environmental Management Sustainability Performance
Reducing Landfill
To achieve the zero waste to landfill target, PT Vale implemented
Loads Together several supporting activities during 2023:
PT Vale signed a PT Vale applied the PT Vale actively
We are committed to comprehensive and sustainable Memorandum of principles of a circular participated in raising
environmental management. Following the framework of Understanding (MoU) economy by donating awareness about the
the International Council on Mining and Metals (ICMM), the with the East Luwu recyclable waste to the importance of waste
Regency Government East Luwu waste bank. management through
Company focuses on reducing landfill burden as part of its
to Stop the Use of events such as National
environmental management efforts. Plastic Bags. Through Additionally, PT Vale Waste Care Day, Lake
this agreement, PT empowered communities Clean Up Day, Healthy
PT Vale is committed to achieving zero waste to landfill Vale encourages its by providing guidance Alley Contest, Waste
by 2025, five years ahead of the government’s target. This employees, their families, on waste bank Bank Creativity Contest,
and contractor workers management. Currently, and knowledge-
goal will be achieved by optimizing waste management
to reduce and eliminate there are 16 waste sharing sessions with
practices across mining operations, production processes, banks distributed across
the use of plastic bags. the community.
and support activities. Solid waste generation includes both the Nuha and Towuti
hazardous (B3) and non-hazardous waste. Prior to disposal, PT Vale utilized organic sub-districts, reducing
waste as feed for waste to landfills by
waste management involves efforts to reduce, reuse, recycle, maggots and organic 18.4 tons per year.
and recover materials (4R principles). The hazardous waste compost, reducing
management is handed over to a third party that already has organic waste by 57.8
tons. The resulting
a KLHK license. As for medical waste, incineration is carried
compost is reused by PT
out using a generator and the ashes are handed over to a Vale as a planting medium
third party. Waste-related data collection is reported in for seedling development
Simple and SiRaja. During the reporting period, no hazardous in the nursery.
waste was sent internationally and there were no spills
of waste materials that endangered the environment. In
addition, PT Vale uses Reduction Kiln Electric Furnice (RKEF)
so that it does not generate tailings. [POJK51-F.13][POJK51-F.14]
[POJK51-F.15][306-3][306-4][306-5][EM-MM-150a.9][EM-MM-150a.10]
[EM-MM-150a.4][EM-MM-150a.5][MM3]
45 Sustainability Report 2023
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Environmental Management Sustainability Performance
Types of Hazardous Types of Hazardous Solid Waste and Their Management [306-1][306-2][EM-MM-150.a.6]
Solid Waste and Their Activity Type of Waste Management Method
Management Used oil and grease.
Utilized as fuel substitution. The amount
of used oil that is reused compared
[306-1][306-2][EM-MM-150.a.6] to the total used oil waste is 100%.
• Used lubricants and grease
• Used batteries
• Heavy metal contaminated waste
• Asbestos waste
Production Dispatched to a third party.
• Healthcare waste (incinerator ash)
• Waste contaminated with
lubricants and waste
• Special waste
Internally processed in a licensed
incinerator (RS INCO). The
Medical waste.
incinerator ash is subsequently
dispatched to a third party.
Types of Hazardous Solid Waste and Their Management [POJK51-F.13][306-1][306-2][MM3][EM-MM-150.a.6]
Type of Waste Unit 2023 2022 2021
Production Activity
Used oil and grease 1.094,5 1.079,7 1.102,0
Used batteries and batteries 56,2 53,6 54,6
Waste containing heavy metals 488,4 356,8 2,5
Asbestos waste 5,8 3,8 3,5
Healthcare waste (incinerator ash) Ton 3,6 4,1 4,3
Waste contaminated with oil and grase 295,9 292,1 360,1
Special waste 62,5 45,4 47,4
Medical waste 34,1 29,8 29,8
Total 2.041,0 1.865,3 1.604,2
46 Sustainability Report 2023
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Environmental Management Sustainability Performance
Types of Non- Types of Non-Hazardous Solid Waste and Their Management [306-1][306-2][EM-MM-150.a.6]
Hazardous Solid Waste Activity Type of Waste Management
Reuse of rock waste used for mining road pavement
and Their Management Mining • Topsoil reached 31,336 tons. Top soil and overburden are used
Activities • Overburden for landfill material in areas of former mining operations,
[306-1][306-2][EM-MM-150.a.6] land rehabilitation and post-mining rehabilitation.
Nickel slag is used as a construction material for the
top layer of special mining road surface layers, able
to reduce nickel slag generation by 4,406,877 tons.
Production • Furnace Slag
This utilization has been approved by the government
Activities • Converter Slag
based on the Hazardous Waste Utilization Permit
from the Ministry of Environment and Forestry with
Permit Number SK 121/Menlhk/Setjen/PLB.3/2/2018.
• Non-industrial domestic
waste generated
Supporting Reused and recycled, either internally
• Industrial domestic
Activities or by third-party entities.
waste generated
• Metal waste generated
Types and Volumes of Non-Hazardous Solid Waste and Their Management
[POJK51-F.13][306-1][306-2][EM-MM-150.a.6]
Type of Waste Unit 2023 2022 2021
Mining Activities
Topsoil 1,239,215 1,506,693 1,447,074
WMT
Overburden 33,134,388 30,103,483 36,438,882
Production Activities
Furnace Slag 4,131,817 3,533,347 3,739,088
Converter Slag Ton 409,568 377,804 417,906
Total 4,541,385 3,911,151 4,156,994
Supporting Activities
Non-industrial domestic waste generated Ton 875 670 1,001
Non-industrial domestic waste segregated % 15.1 15.2 10.2
Industrial domestic waste generated Ton 6,378 6,295 3,492
Scrap metal waste generated Ton 5,786 7,497 5,229
47 Sustainability Report 2023
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Environmental Management Sustainability Performance
Reducing Water Aligned with mining practices in accordance with the International Council
on Mining and Metals (ICMM) Sustainable Development Framework,
PT Vale is committed to reducing water consumption intensity. This
Consumption Intensity commitment is realized through the implementation of the Water
Efficiency and Wastewater Pollution Load Reduction Policy. The policy can
Together [POJK51-F.8] be viewed at https://vale.com/our-policy.
Water Consumption thus maintaining their usability by the
community. Commitment to preserving
Water Consumption Intensity Value [303-5][EM-MM-140a,1]
Intensity Reduction these lakes also supports their status as Description Unit 2023 2022 2021
Conservation Areas of Nature Tourism Nickel in Matte Production Volume Ton 70,728 60,090 65,388
The largest water requirement is for the Parks, based on Minister of Agriculture
m3 7,561,108 8,519,762 8,681,643
operation of the Larona Hydropower Plant Decree No.274/Kpts/Um/4/1979 dated Water Consumption Volume
April 24, 1979. [303-1][303-2][EM-MM-210b.1] Megaliter 7,561.1 8,519.8 8,681.6
on the Larona River, with water sources
from Lakes Matano, Mahalona, and Total annual water usage during 2023 m3/Ton Ni 106.9 141.8 132.8
Towuti. Water from the lakes is directed reached 7,561,108 m3 which is equivalent Water Consumption Intensity Megaliter/
to reservoirs at dams and then channeled 0.107 0.142 0.133
to 7,561.1 Megaliters, a decrease of 11% Ton Ni
to turbines. The amount of water from 2022 which reached 8,519,762 m3
consumed equals the water taken from which is equivalent to 8,519.8 Megaliters. Through the Water Efficiency and Reduction of Wastewater Pollution Policy, PT Vale
the lakes, and no water is withdrawn from The Water Consumption Intensity value continues its efforts to efficiently utilize water resources. We are committed to achieving a
areas of water stress [303-3] in 2023 was 106.9 m3/ton Ni (0.1069 1% annual efficiency improvement in water usage across our plant areas, mining operations,
Megaliters/ton Ni), lower than 2022‘s office spaces, and other supporting facilities. Our initiatives include:
Lakes Matano, Mahalona, and Towuti
also serve as local residents‘ sources for 141.77 m3/ton Ni, or 0.14 Megaliters/ton • Monitoring water consumption by installing flow meters on water
domestic needs, livelihoods such as fishing Ni. We report the Water Consumption distribution lines from reservoirs to factory areas.
and farming, and transportation activities. Intensity value to relevant authorities and • Implementing water recycling in Lamella Gravity Settlers to produce
PT Vale regulates the volume and flow the public through our website at https:// a ferrous sulphate solution of 2,000 cubic meters.
of water for hydropower plant purposes vale.com/our-policy. • Utilizing recycled water from production processes for
to ensure the lakes‘ preservation,
[303-5][EM-MM-140a.1] slag cooling, totaling 385,000 cubic meters.
• Implementing the SWAP (Steam, Water, Air, and Power) online monitoring
system to monitor water consumption and promptly identify pipe
leakage locations on the water distribution network.
48 Sustainability Report 2023
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Environmental Management Sustainability Performance
Wastewater Impact and Effluent Quality Measurement Results in 2023
Management [POJK51-F.9][POJK51-F.14]
Processed
Parameter, Quality Standard, and Measurement Result
Location TSS Cr Total Cr6+ Fe Ni
Volume (m3)
<200 ppm 0,5 ppm 0,1 ppm 5 ppm 0,5 ppm
PT Vale is deeply committed to preventing water pollution
Petea Timur 6,123,490 9.700 0.065 0.020 0.083 0.012
near our operations, including Lake Matano. We regularly
Petea Barat 10,116,750 18.000 0.074 0.028 0.114 0.010
analyze treated effluent that will be discharged into
Petea Timur Jauh 15,349,032 13.000 0.078 0.035 0.097 0.010
tributaries leading to Lake Matano. These analyses aim
Loraine 1,394,894 5.714 0.084 0.028 0.027 0.010
to ensure compliance with water quality standards as
Kathryn 3,438,068 6.250 0.052 0.014 0.027 0.010
stipulated in Minister of Environment Regulation No.
Lamoare Creek A 2,354,351 8.111 0.077 0.029 0.027 0.010
9 of 2006 regarding Wastewater Quality Standards for
Lamangka 1 3,148,843 3.667 0.085 0.027 0.027 0.010
Nickel Ore Mining Activities. These analyses are carried
Lamangka 2 2,510,029 9.000 0.075 0.031 0.095 0.010
out by accredited independent laboratories using the
Lamangka 3 5,730,032 9.100 0.101 0.038 0.053 0.010
SNI 6989.59:2008 Water and Wastewater method and
Petea Car Wash 73,440 10.900 0.080 0.033 0.318 0.020
American Public Health Association (APHA) standard
methods. Based on the examinations conducted in
We are continuously striving to reduce the effluent pollution load for TSS parameters by
2023, it was found that the quality of treated effluent
30 tons per year and Cr6+ by 0.05 tons per year generated from the company’s operations
met the required standards. [303-4][EM-MM-140a.2]
and community activities around the company through the following efforts:
Studies conducted in PT Vale’s mining area in Sorowako have
• Increasing the sedimentation pond capacity in • Adding Chromium Treatment Plant facilities
concluded that there is no potential for the formation of acid the runoff water system originating from MEM at Petea and Konde locations and conducting
mine drainage by the end of 2023 due to the absence of rocks Petea Shop and Petea D3 towards monitoring enhancements at Fiona, Lorraine, and Kathryn
capable of generating acid mine drainage within the mining or treatment points; locations;
site. Acid mine drainage represents a notable environmental
• Redesigning and reconstructing compartments • Installing trash-catching nets at Sorowako
concern in mining activities, including nickel ore mining, to improve sediment settling performance in Market near Danau Matano dock;
as it can lead to adverse effects on the environment. the Lamella Gravity Settler (LGS) unit;
Of particular concern is its potential to contaminate • Conducting studies to explore alternative
• Implementing runoff water treatment through chemicals for Cr6+ treatment; and
water bodies such as rivers, lakes, and groundwater.
conventional sedimentation pond methodology,
LGS, and semi-LGS; • Innovating to reduce the pollution load of
wastewater.
In 2023, there was no waste-related environmental incident. [EM-MM-140a.2]
49 Sustainability Report 2023
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Environmental Management Sustainability Performance
Compliance, Complaint
Handling, and Supplier/Work
Partner Evaluation [POJK51-F.16]
In managing the environment, PT Vale
adheres to all applicable regulations. We
utilize the Regulation Compliance System
(RCS) application and implement global
standards related to regulation compliance,
enabling the Company to access and
identify compliance levels. Environmental
management performance is also evaluated
by the Environment Committee composed of
Senior Managers and the Board of Directors.
The Company collaborates with independent
parties such as Bureau Veritas, as external
auditors to evaluate environmental
performance, with a compliance rate of
100% for 2023. We ensure that there are no and socialize the complaint mechanism regarding PT Vale’s
Environmental Management
activities in the Tanamalia Block. FGD participants include
suspicions of environmental mismanagement,
thereby mitigating any risk of fines or other local government officials, representatives from the Ministry
Performance Evaluation Towards
legal sanctions for PT Vale. [2-27] of Environment and Forestry (KLHK) and the Ministry of Suppliers/Partners
Energy and Mineral Resources (ESDM), Commissioners of
As part of the Company’s environmental PT Vale periodically evaluates the environmental management
the National Commission on Human Rights (Komnas HAM),
management compliance, PT Vale conducts performance of its suppliers/partners. In 2023, evaluations
environmental activists, and representatives from youth
Focus Group Discussions (FGDs) to launch were carried out for all (100%) new suppliers/partners. Based on
and women’s groups. Through the FGDs, PT Vale and all
the evaluations, no contracts were terminated with suppliers/
stakeholders agree to seek solutions to common concerns
partners due to failure to manage the environment according
arising from exploration activities in the Tanamalia Block.
to PT Vale’s regulations and standards. [308-1][308-2]
50 Sustainability Report 2023
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Social Sustainability Management Performance
Social
Sustainability
Management
Performance Social sustainability performance
management disclosure serves as
an effort to mitigate the impacts
of PT Vale‘s activities, prioritizing
the fulfillment of the needs of
employees and communities as directly
affected stakeholders. During the
reporting period, social sustainability
performance, aligned with material
topics, comprised of support for
raising awareness and practices of
respecting human rights, including
diversity and equal opportunity;
occupational health and safety (OHS);
and community empowerment. [2-23]
51 Sustainability Report 2023
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Social Sustainability Management Performance
Commitment to Human Rights
Human rights are important for PT Vale in conducting Tanamalia Project them insights into community dynamics and
sustainable business operations. As part of Vale how to handle situations, including protests.
Global, we have a Human Rights Policy formulated in Human Rights In line with our commitment to respecting and
compliance with international principles and standards,
including the United Nations Guiding Principles on
Training safeguarding human rights, the implementation
of the Tanamalia Project has been subjected
Business and Human Rights, Universal Declaration In 2023, our commitment to human rights was to comprehensive social and environmental
of Human Rights, United Nations Declaration on the manifested through a human rights training studies. These studies have yielded multiple
Rights of Indigenous Peoples, Voluntary Principles held on December 12-13, 2023, attended by outcomes, including an assessment of the
on Security and Human Rights, International Council all teams involved in the Tanamalia Project community’s susceptibility to environmental
on Mining and Metals, and International Finance in the Tanamalia Block, Towuti Sub-district, impacts and social discord. Furthermore,
Corporation Performance Standards. Other global East Luwu Regency. PT Vale organized the there have been observations regarding the
frameworks include the Sustainable Development training session with AsM Law Office Team intricacies of land ownership among local
Goals (SDGs), ISO 26000 Corporate Social Responsibility and human rights commissioners as speakers. communities in the project vicinity and the
Guidelines, ISO 14001:2015 Environmental Through this initiative, all Tanamalia Project potential conflicts stemming from resource
Management System, and United Nations Global teams received education to understand exploitation. The studies also encompass
Compact (UNGC) membership. [2-23][EM-MM-210a.3] human rights and its handling. Security problem identification, risk evaluation, risk
teams also attended the training, providing matrices, mitigation strategies, and pertinent
PT Vale upholds the principles of respecting,
stakeholder issues. All these insights serve as
protecting, and remedying human rights within the
guiding factors for the company in executing
Company by implementing a hierarchical mitigation
each phase of the Tanamalia Project.
approach to prevent human rights violations.
Additionally, we provide mechanisms for complaint PT Vale also provides extensive opportunities
and violation reporting, listening and responding for women to take on roles and maximize
mechanisms, conducting human rights assessments, their capabilities within the operational
and imposing sanctions in case of human rights areas, including the Tanamalia Project.
violations, including those involving suppliers. Currently, the total workforce in Tanamalia
Throughout 2023, PT Vale encountered no reports amounts to 389 individuals, of which
regarding human rights violations. [2-23][EM-MM-210a.3] approximately 33 are women, accounting
Human Rights Training in Tanamalia
for around 8% of the total workforce.
52 Sustainability Report 2023
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Social Sustainability Management Performance
Management of Social Impacts
on Vulnerable Groups and Local
The Company also fosters communication
Communities
with the community regarding
the Tanamalia Project through the Managing social impacts, particularly • Technical assistance for organic
concerning the local community vegetable cultivation (SORGA)
socialization of the Mining Exploration
and vulnerable groups, remains a and market access facilitation
Activity and Legal Position of IPPKH in
by community groups in
top priority for PT Vale. While we
the Tanamalia Block. The socialization Human Rights Training for Wasuponda Sub-district.
occurred at the Towuti Sub-District Security Personnel acknowledge that the approach
taken with the local community until • Assistance and development
Office Hall and was attended by all
the end of 2023 may not have fully of Medicinal Plant Cultivation
stakeholders. During the session, the In addition to the Tanamalia Project,
(TOBAT), Training & Production
authority granted to PT Vale to conduct the Company also ensures that security satisfied all parties, we are pleased
of Local Micro-Organisms
personnel know and understand human that it has not resulted in disputes
exploration in the forest area of Tanamalia (MOL), Training in Independent
rights through security guard certification with the Company. PT Vale continues
was explained, as provided in Minister of Organic Compost Production,
training from the Indonesian National
Environment and Forestry Decree Number to enhance coordination and synergy and Community Resource Health
Police in line with Decree of the Chief
with local governments to obtain Business Training (UKBM) by
SK850MenLHK/Setjen/PLA.0/10/2021. of Police Number 4 of 2020 concerning
input, guidance, and direction community groups in Bahodopi
This decree outlines PT Vale’s rights and Private Security. Legal and human
and East Bungku Sub-district.
obligations in managing a forest area rights topics are included in the training regarding shared expectations
curriculum. During the reporting period, for improving employment and • Basic Herbal Training for
covering 17,239.28 Ha. According to the
the number of security guard personnel business opportunities for the Community Resource Health
decree, there are nine obligations that PT
amounted to 435 individuals, consisting Efforts (UKBM), Assistance
Vale must adhere to. On the other hand, local community. Throughout the
of PT Vale employees, contractors, and Development of Organic
the Company faces dynamics in the area and outsourced workers provided by reporting period, PT Vale continued
SRI Rice and Organic Vegetable
due to the presence of 2 million pepper certified security service providers to prioritize initiatives such as
Cultivation, Training &
plant stakes managed by local residents registered with the Indonesian Security the Sustainable Environmentally Production of Local Micro-
Service Companies Association. All Friendly Agriculture and Organisms (MOL), and Training
within an 800 Ha area. We continue to
security personnel hold security guard Fisheries Development Program in Independent Organic Compost
conduct awareness campaigns against
certification from the Indonesian Production by community
deforestation and communicate with (P3SRLB). [413-1][EM-MM-210b.1]
National Police, with qualifications of groups in Baula, Pomalaa, and
land cultivators to gain access to their Gada Pratama and Gada Madya from In 2023, PT Vale conducted several Tanggetada Sub-district.
gardens during the exploration activities. the Indonesian National Police. [410-1] programs and activities as part of its
social impact management toward
local communities, including:
53 Sustainability Report 2023
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Social Sustainability Management Performance
Empowerment of Support for
Persons with Disabilities Indigenous Communities
One of the vulnerable groups that PT Vale One of the three blocks, the Sorowako Block, where PT Vale operates, has local
focuses on is people with disabilities. Throughout communities who are indigenous people recognized and recorded in an agreement.
2023, we continued and expanded programs Throughout the reporting period, the Company did not face any disputes with them,
supporting entrepreneurship among people with nor were there any relocations resulting from mining operations. We continue to engage
disabilities to achieve self-reliance. One such in communication with the local community to find the best solutions to address any
program is the Woliko Organic Chicken program, remaining differences. All (100%) local communities live, work and farm within the active
which involves 13 people with disabilities residing operational area. [MM5][MM6][MM9][411-1][EM-MM-210a.2][EM-MM- 210b.2] [EM-MM-310a.2]
in Matompi village, Towuti sub-district. PT Vale
In line with the implementation of PT Vale’s Human Rights Policy, our
provided training in Sustainable Environmentally
commitment to supporting indigenous communities is manifested through:
Friendly Agriculture (P3SRLB), assistance
in institutional management and business • Building relationships based on trust • Effectively managing the potential
processes, and support for organic chicken and respect and advancing the rights risks and impacts of PT Vale’s
farming and vegetable cultivation infrastructure. of indigenous communities to their activities on indigenous land.
The total budget allocated for this program was culture, heritage, and way of life.
approximately Rp150 million. • Respecting and encouraging governance
• Recognizing the ownership mechanisms that accommodate the
rights over land and water unique social organizations of each
and the intangible values community and, as far as possible,
of natural resources held by ensuring gender and generational
indigenous communities. representation to enable effective
participation from the population.
• Promoting and documenting the
consultation and free, prior, and • Providing information to indigenous
informed consent (FPIC) process and traditional communities about
regarding Vale’s activities and PT Vale’s feedback channels and
the community’s interests. responding to feedback received
within the timeframe outlined
• Supporting ethno-development in applicable regulations or
among these populations. agreements with the community.
54 Sustainability Report 2023
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Social Sustainability Management Performance
At PT Vale, we are committed to Additionally, 29 employees left the
providing equal opportunities for all Company during the year, resulting in
Diversity, Equity individuals to work and advance their a turnover rate of 0.96%. We provide
careers. Our recruitment processes allowances and other facilities by
and Inclusion are conducted without discrimination considering employees’ employment
[POJK51-F.18] [EM-MM-210a.3] based on gender, ethnicity, religion, status and placement locations. PT
social status, political affiliation, physical Vale grants maternity leave to female
PT Vale has a Diversity and Inclusion Charter outlining five commitments limitations for persons with disabilities, employees for 120 calendar days and 2
to diversity, equity and inclusion. We promote increased awareness among or any other factors that may lead days (on-site) and 3 days (off-site) to
employees regarding gender equality and diversity through programs to discrimination. In 2023, we did not male employees to accompany their
tailored for supervisory and above leaders. In 2023, PT Vale conducted receive any complaints regarding alleged wives during childbirth. All (100%)
diversity, equity and inclusion training attended by 1,094 participants. discrimination in the workplace. [406-1] female employees who completed
maternity leave returned to the same
In 2023, PT Vale welcomed 265 new
Diversity and Inclusion Charter positions, and in 2023, none resigned
employees, with 203 males (76.6%) and
Our commitments to diversity, equity and inclusion: from PT Vale. [401-1][401-2][401-3]
62 females (23.4%) joining the Company.
1. Create an environment that 2. Create a safe and healthy
respects everyone’s uniqueness, environment in which everyone
in which everyone has an equal has the freedom to express their New Hires by Age Group New Hires by Placement Area
opportunity to develop their ideas and opinions and to be and Gender [401-1] and Gender [401-1]
potential. themselves.
2023 2023
Age Group Placement Area
Male Female Male Female
3. Put a transparent, fair, and unbiased recruitment process in place,
evaluate it, and create a diversity-promoting work environment. <31 years old 75 38 East Bungku 27 11
Jakarta 7 5
31-50 years old 125 21
4. Show no tolerance for all kinds Pomalaa 26 16
5. Open dialogues on and raise >50 years old 4 2
of harassment, discrimination, Sorowako 144 29
awareness of diversity.
and prejudice. Total 204 61 Total 204 61
55 Sustainability Report 2023
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Social Sustainability Management Performance
Maternity Leave [401-3] Total of Employees in 2023 by Position, Gender and Age Group [405-1]
Entitlement to Total Gender Age Group
Total Return Position
Maternity Leave employees Employee Male Female <31 31-50 >50
Gender Returning to Work
/ Maternity who took Retention Rate
Employees Rate Management 4 2 0 3 3
Leave leave
Senior General Management 104 11 0 89 26
Male 100% 88 88 100% 100%
General Management 402 79 51 332 98
Female 100% 5 5 100% 100%
Senior Staff 691 131 93 566 163
Staff 1,489 83 66 1,244 262
Non-staff 104 11 0 89 26
PT Vale aims to achieve a 10% accounting for 10.1% of all managerial
2,714 309 210 2,255 558
participation rate of women in staff within the Company. Additionally,
Total
extractive sector activities by 2023 and 14 of these female managerial staff 3,023 3,023
18% by 2030. We acknowledge that members occupy top positions as General
Total and Percentage of Employees by Gender, Persons with Disabilities,
this goal is challenging, considering Managers and Management, representing and Local Workers [405-1]
the low involvement of women in the 5% of the total female workforce. [405-1] 2023 2022 2021
extractive sector. Our job application Description
In 2023, PT Vale remained inclusive of Total % Total % Total %
data for 2023 reveals that female Male 2,714 89,8 2,678 91,3 2,710 91,4
people with disabilities who possess
applicants accounted for only 21% of Gender Female 309 10,2 256 8,7 256 8,6
the necessary competencies and
the total 6,000 applicants. Additionally, Total 3,023 100,0 2,934 100,0 2,966 100,0
skills for available positions. The
we acknowledge that the extractive Persons with Disabilities 3 0,1 4 0,1 3 0,1
number of employees with disabilities
industry is still perceived as highly Local Workers 1,432 47,3 2,550 86,9 2,570 86,6
in 2023 amounted to 3 individuals,
masculine, presenting another obstacle
a decrease from 4 individuals in
to increasing female participation. Total Female Employees in Management Positions [405-1]
2022, representing 0.1% of the total
As of December 31, 2023, the number of workforce. These employees are 2023 2022 2021 Δ%
Description
female employees reached 309, comprising engaged in non-staff and senior staff 1 2 3 1:2 2:3
10.2% of the total workforce, marking an roles within the Company.[405-1] Director 1 1 1 0.0 0.0
increase from 256 employees, or 8.7% of Senior Manager 4 2 1 100.0 100.0
the workforce, in 2022. Among all female Middle Manager 11 10 9 10.0 11.1
employees, 35 hold managerial positions, Supervisor 79 64 45 23.4 42.2
Specialist 131 102 117 28.4 (12.8)
Technician 83 77 83 7.8 (7.2)
Total 309 256 256 20.7 0.0
56 Sustainability Report 2023
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Social Sustainability Management Performance
PT Vale also supports activities and Support for the Percentage of the
employee groups/organizations
that strengthen our appreciation
Trade Union and Lowest Remuneration
for diversity, including: Collective Labor Against the
• Webinars and roadshows to
students and fresh graduates
Agreements Minimum Wage
regarding the implementation of
diversity, equity, and inclusion (DEI)
Throughout 2023, no obstacles hindered PT Vale provides remuneration without
at PT Vale actively since 2021.
employees from unionizing or forming differentiation between male and female
• Socialization and DEI workshops to labor unions. Through representatives employees, maintaining a 1:1 ratio for the same
teachers and students at Sorowako in the trade union, employees and positions. The total remuneration package
Education Foundation starting from
management have drafted and agreed also considers allowances, bonuses, placement
elementary, junior high, high school, and
upon the 20th Collective Labor Agreement incentives, and housing facilities at Sorowako,
university levels (ATS) in 2022 and 2023.
(PKB) for 2023–2025 period, per Law No. Bahodopi, and Pomalaa mining operation sites.
• Increase awareness related to DEI by 13 of 2003 on Manpower. The CLA serves Generally, the lowest remuneration for PT
providing Inclusive Leadership training to to safeguard the rights of all employees Vale employees in 2023 was still 15.2% higher
leaders and providing Unconscious Bias
and workers. For foreign workers than the applicable minimum wage in the East
& Harassment at the Workplace training
for all PT Vale employees in 2023. (expatriates), the CLA refers to their Luwu Regency. The Company also grants leave
respective employment contracts. PT Vale entitlements to employees as regulated in the
• Periodically improving infrastructure routinely communicates with the trade CLA. [POJK51-F.20] [202-1][405-2]
to support the implementation of DEI
union, including regarding the renewal
at PT Vale, such as preparing portable
toilets in the mining area, access roads of the Collective Labor Agreement (CLA),
and toilets for disabled employees, which is conducted every two years. The
lactation rooms in the workplace, CLA also regulates notifying employees
and canteens in several work areas. about operational changes within the
Company. In support of human rights, PT
• PT Vale’s CEO, Febriany Eddy,
actively promotes DEI at PTVI by Vale also supports periodic unionizing and
becoming key speakers at national gathering activities. [2-30][407-1][402-1]
and international events.
57 Sustainability Report 2023
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Social Sustainability Management Performance
Employee Prioritizing
Training and Dialogue to Find the In line with the dialogue, it has been
Development [POJK51-F.22] Best Solutions agreed to establish a Facilitation Team
tasked with compiling an inventory of
issues, including gathering accurate data,
PT Vale ensures equal opportunities for We understand the dynamics formulating problem statements and
all employees to participate in training within society, where differences in solution proposals, and coordinating the
and provides specialized training for perspectives can arise. The Company stages of issue resolution with relevant
employees approaching retirement. respects the decision of a group of parties. The steps of the Facilitation
In 2023, the total training hours for Sorowako residents who visited the Team refer to the Regent of North Luwu
employees reached 87,639 hours, with National Human Rights Commission Decree No. 50 of 2002 and the Joint
9,330 participants consisting of 8,491
(91%) males and 839 (9%) females,
Preventing office and reported alleged human
rights violations by PT Vale regarding
Agreement dated June 15, 2002, based
on data of 62 individuals (or their heirs)
averaging 29 hours of training per Forced and Child a summons issued to 39 residents as rightful beneficiaries. In principle,
employee. PT Vale organizes specialized
training for retiring employees to assist
Labor [POJK51-F.19]
concerning old camp land. In response,
the Company remains committed to
PT Vale is prepared to transfer 12 land
certificates to the community; however,
them post-retirement, whether in prioritizing dialogue to find the best the transfer process will be carried out
entrepreneurship or other endeavors. During 2023, there were no reports solutions, facilitated by the Regional once all accompanying issues have been
During the reporting period, 89 employees concerning forced labor practices. PT Vale Leadership Forum of East Luwu Regency. resolved by the stakeholders involved.
participated in specialized training, adheres to the provisions of Labor Law
covering topics such as: [404-1][404-2] No. 13 of 2003 and compensates for any
overtime work. We ensure that activities
• Health;
at PT Vale and our contractors/vendors
• Psychology;
pose no risk of child labor by setting the
• Entrepreneurship;
minimum age limit for employees at 18
• Guided visits to various businesses
years old in accordance with labor laws
with guest speakers.
and International Labour Organization
PT Vale provides extensive opportunities (ILO) standards. No employee strikes
for every employee to advance their occurred during the reporting period.
careers, taking into account performance [408-1][409-1][MM4][EM-MM-310a.1]
evaluations conducted for all (100%)
employees. In 2023, 597 aemployees
were promoted, comprising 557 (93%)
males and 40 (7%) females. [404-3]
58 Sustainability Report 2023
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Social Sustainability Management Performance
Maintaining a Decent and Safe
Working Environment Together
[POJK51-F.21] • PT Vale showcased the Robotic
Monitoring System (RMS) technology
at the digital reality and geospatial
event, HxGN LIVE Indonesia 2023, held
for the first time in Southeast Asia. 519
PT Vale is committed to promoting participants from various professional
sustainable health and safety backgrounds attended the event. The
performance with the ultimate goal RMS technology innovation has been
in use since late 2019 and was created
of achieving zero harm, in line with
to monitor the safety of three dams
the Principles of Sustainable Mining
owned by the company: Balambano
Management Based on the ICMM • Large-scale inspection of the Dam, Batu Besi, and Karebbe.
Sustainable Development Framework. Balambano Dam by the Dam Safety
Commission Team of the Ministry of • Emergency response simulation involving
We adhere to the Mineral and Coal
Public Works and Public Housing (PUPR). firefighting at the Mining Harapan
Mining Safety System (SMKP Minerba),
This inspection is part of the feasibility Office, Sorowako, as part of PT Vale’s
as per Minister of Energy and Mineral participation in Disaster Preparedness
assessment process for extending the
Resources Decree No. 1827/K/30/ measures covers all (100%) employees dam’s operational permit every five Day in 2023. The simulation involved
MEM/2018 Regarding Guidelines for and contractor/vendor workers. There years. During this activity, the team was employees from the Mining Harapan
the Implementation of Good Mining are no exceptions for them, including accompanied by several leaders from PT Office, the Fire & Emergency Services
other stakeholders visiting/working in Vale’s Energy and Logistics team, and the Health, Safety, and
Engineering Practices, and enforce Safe
Department. Occupational Risk (HSOR) team.
Work Permits (SWP). Currently, PT Vale is the PT Vale environment. [403-1][403-8]
in the process of ISO 45001 certification • PT Vale and the East Luwu Regency
Periodically, as needed, PT Vale
on mining safety management system. PT Government, through the Regional
collaborates with stakeholders Disaster Management Agency (BPBD),
Vale also implements industrial hygiene
who may be affected by potential held a meeting to update the Emergency
measures, including addressing dust,
emergency conditions threatening Action Plan (RTD) document for the Seri
noise, and ergonomics, as outlined in Sungai Larona Dam (PKM I). According to
safety. Collaboration initiatives
KPIs and subject to regular review. The RTD document regulations, it must be
undertaken during 2023 include:
implementation of health and safety updated every five years and contains
systematic instructions, including
identifying threats to dam safety,
expediting effective responses to
prevent dam damage, and preventing or
minimizing casualties and environmental
damage caused by dam failure.
59 Sustainability Report 2023
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Social Sustainability Management Performance
Key Hazard were addressed, including investigations
of the incidents that occurred. [403-2]
Identification and We have a policy to relocate employees or
OHS Training workers from hazardous situations affecting
their safety and health. Employees have the
The implementation of OHS starts with right to refuse unsafe work and report it to
identifying key hazards. It is managed their supervisors. The company will follow up
through embedded systems/devices in on reported incidents, including conducting
operational activities, namely Contractor investigations if necessary. PT Vale has
Safety Management System (CSMS), General identified hazards, assessed risks, and Employee Health
Induction Program (GIP), Site Specific implemented controls to mitigate potential
The occupational health implementation in 2023 focused on: [403-3]
Induction Program (SSIP), Risk Assessment risks, ensuring they remained manageable
(RA), Job Safety Analysis (JSA), Safety Talks, throughout the reporting year. [403-2] Promotive Health Efforts Preventive Health Efforts Programs
Critical Activity Requirements (CAR), Safe Programs include: include:
The Mining Safety Committee supports the
Work Permit (SWP), and audits/inspections. • Peer Educator Program • Assessment of Health Risk
implementation of OHS. Through committee
PT Vale has mechanisms for employees for contractors Factors in the workplace
meetings, employee representatives can
and workers to report unsafe working
address various OHS-related issues. In • Prevention program • Employee Health Examination
conditions and accidents. The reporting for Substance Abuse (Medical Check-Up)
2023, the committee held 12 meetings,
procedure for safety monitoring and in the workplace
which PT Vale followed up. Employee and • Management of Food, Beverage,
workplace inspection activities is carried • Mental health program and Nutrition for mining workers
worker engagement in OHS implementation
out through smartphone applications,
also includes training and certification • Prevention and control • Hygiene and Sanitation
web-based Critical Risk Management
to enhance competencies. In 2023, PT program for HIV/AIDS Management
(CRM), and the IRIS smartphone and Tuberculosis
Vale conducted 3 OHS training sessions
application. During 2023 all conditions that • Ergonomic work implementation
attended by 218 employees and 5 workers • Nutrition improvement
endangered safety and health at work • Vaccination program
(contractors/vendors). [403-4] [403-5] program
• Prevention and control • Surveillance and Analysis
program for non- of Occupational Health and
OHS Certfication Training in 2023 and Total Participants other common diseases
communicable diseases
Training 2023 2022 2021 • Implementation program • First Aid in Accidents (P3K)
First Operational for ergonomic work and
155 87 85 • Management of Work Fatigue
Supervisor (POP) musculoskeletal disorders
Intermediate Operational Supervisor (POM) 59 56 26
Principal Operational Supervisor (POU) 9 4 6
60 Sustainability Report 2023
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Social Sustainability Management Performance
Operational Safety
Management
Certain types of work in mining and nickel in matte production operations pose high risks that
can endanger the safety and health of employees and workers. We have implemented mitigation
measures to minimize potential hazards. In addition to our operational safety management
standards, PT Vale also adheres to government regulations as part of our commitment to
compliance. [403-7]
High Risk Work Faced by Workers
Risk Faced by
Mitigation Measure
Type of Work Employees
[403-9][403-10]
and Workers
Operating heavy • Developing CAR/MHS-03 standards.
Serious injury/death.
equipment. • Conducting vehicle operating training and audit.
• Implementing CAR/MHS-01 standards.
Working at heights. Serious injury/death. • Conducting training on and audit
of working at heights.
• Implementing CAR/MHS-09 standards.
Blasting. Serious injury/death. • Certifying blasting operators.
• Auditing blasting jobs.
• Conducting hygiene industrial risk assessment.
Working near Hazardous gas • Offline and online monitoring.
hazardous gases. poisoning. • Preparing safe work procedures.
• Wearing personal protective equipment (PPE).
PT Vale includes all employees in the social health insurance
• Conducting hygiene industrial risk assessment.
program provided by BPJS Kesehatan. As participants, they have Working in heat • Offline and online monitoring.
access to healthcare services for non-Occupational Diseases Heat stress.
exposure areas. • Preparing safe work procedures.
(PAK), at primary healthcare facilities to referral hospitals. We • Wearing personal protective equipment (PPE).
facilitate regular medical check-ups (MCU) for employees and • Conducting hygiene industrial risk assessment.
workers to monitor their health. In 2023, 2,682 PT Vale employees Loss of hearing • Offline and online monitoring.
Working in noisy areas.
and 14,131 contractor workers underwent MCU. [403-6] sensitivity. • Preparing safe work procedures.
• Wearing personal protective equipment (PPE).
We continue our voluntary HIV/AIDS workplace prevention
Other types of work • Performing engineering control over mining
activities, which have been ongoing since 2008 in collaboration
identified from project equipment that has high ergonomic risk.
with the East Luwu Health Office. The Company also job demand analyses: Musculoskeletal
• Performing administrative control by raising the
conducts voluntary activities to address other serious disorder
awareness of mining operators who work with
• Working with mining (low back pain, hernia
diseases, such as Tuberculosis and Dengue Fever.[403-6] equipment; equipment that has high ergonomic risk.
nucleus pulposus, etc.)
• Manually handling • Performing administrative control over all types of
materials. work requiring workers to handle materials manually.
61 Sustainability Report 2023
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Social Sustainability Management Performance
Occupational PT Vale conducts an annual OHS compliance audit, following the Mineral and Coal Mining Safety Management System
(SMKP Minerba) and the IMS-Environment Health and Safety Management System. The SMKP Minerba audit for 2023
Health and Safety was conducted internally by certified auditors. The audit results showed a compliance rate of 73.56%, higher than
the 2022 rate of 70.24%. Safety performance is also monitored through statistical calculations, including Severity
Performance Rate (SR) and Frequency Rate (FR), calculated per 1,000,000 person-hours worked. The calculations do not include
any exemptions for specific employees or workers and cover both mining operations and production processes.
OHS Performance Statistics [403-9]
2023 2022 2021
Indicator
Sorowako Bahodopi Pomalaa Sorowako Bahodopi Pomalaa Sorowako Bahodopi Pomalaa
Number of Fatalities 0 0 0 1 0 0 0 0 0
Lost Time Injuries 3 0 0 2 0 0 4 0 0
First Aid Injuries 10 6 1 13 0 0 15 0 0
Near Miss Unsafe Action, Unsafe Condition 62 0 0 70 0 0 77 0 0
Days Lost due to Accident (Severity Rate) 0.51 0 0 254.14 0 0 0.20 0 0
Total Accident Rate (Frequency Rate) 0.31 0 0 0.68 0 0 0.70 0 0
Total Occupational Accidents and the Rates in 2023 [403-9] In 2023, PT Vale implemented several measures to enhance
Occupational Accident Sorowako Bahodopi Pomalaa workplace safety and security: [403-9]
Level Total Rate Total Rate Total Rate
• Monthly contractor forums, mandatory for operational
2023
responsibles (PJO) and/or company owners.
Light 0 0 0 0 0 0
Medium and Heavy 3 0.25 0 0 0 0 • Prevention week, health week, Day of Reflection (DoR), Leadership
in the Field (LIF), and Safety stand down events, where all
Fatal 0 0 0 0 0 0
operations are halted simultaneously to reflect on safety-related
Total 0 0.25 0 0 0 0 incidents in line with Vale’s “Life Matters Most” values.
2022
• CRM reporting competition aimed at improving the quality of
Light 0 0.00 0 0.00 0 0.00
inspection reports by prioritizing improvements based on any
Medium and Heavy 6 0.25 0 0.00 0 0.00 non-compliance findings.
Fatal 1 0.50 0 0.00 0 0.00
Total 7 0.30 0 0.00 0 0.00
2021 There were no reported Occupational Diseases (PAK) in 2023 among
Light 10 0.50 0 0.00 0 0.00 both employees and workers. We conducted mitigation efforts
Medium and Heavy 4 0.20 0 0.00 0 0.00 for commonly diagnosed illnesses through health share initiatives.
Fatal 0 0.00 0 0.00 0 0.00 Through hazard identification and risk assessment (HIRA), PT Vale has
Total 14 0.70 0 0.00 0 0.00 identified risks related to the company’s OHS risks. [403-3] [403-10]
62 Sustainability Report 2023
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Social Sustainability Management Performance
Dam Safety and Security
Management
PT Vale continues to enhance the safety and security of
its dams. During the reporting period, the Dam Security
Commission Team from the Ministry of Public Works and Public
Housing (PUPR) conducted a major inspection at the Balambano
Dam. This visit was part of the feasibility assessment process
for the extension of operational permits conducted every
five years. The inspection covered five aspects: construction
safety, technological feasibility, social impact, environmental
impact, and operational governance. Based on the findings,
the Dam Security Commission Team assessed that the
Balambano Dam is well-managed by PT Vale’s management.
The Balambano Dam is one of the most advanced dams in
Indonesia, utilizing Roller Compacted Concrete (RCC) technology
with a capacity of 31.5 million cubic meters of water. In
addition to visiting the Balambano Dam, the delegation also
visited the Karebbe Dam. The Dam Security Commission
Team also observed facilities such as the Upper Gallery,
Power House, Control Room, and Top DAM at the dams.
The Company is committed to maintaining dam security by
implementing the Robotic Monitoring System to monitor
the conditions of the Balambano, Larona, and Karebbe dams
24 hours a day. Through this technology, in the event of
any danger around the dams, early warnings will be issued
connected to the control room, enabling management
to take prompt action to respond to the warnings.
63 Sustainability Report 2023
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Social Sustainability Management Performance
Empowering the Community Together
[POJK51-F.25]
Social Impact Negative Impact Management in 2023 [413-2]
Management Number of
Percentage
of Villages in Impact Management and
[POJK51-F.23] [403-9][EM-MM-320a.1] Type of Impact
Villages Affected Operational Type of Social Investment
Areas
We have conducted a social impact
assessment of the company’s activities Sorowako Block
across operations in the Sorowako,
Air filtration or purification technology, carbon
Bahodopi, and Pomalaa regions. PT emission reduction technology, construction of liquid
Vale has also conducted a social return Air pollution, water pollution, waste ponds, water treatment installations, liquid
Nuha soil pollution, employment and solid waste recycling, post-mining reclamation,
on investment (SROI) assessment in 5 15
Sub-district opportunities, population food security intervention programs, real income
the Sorowako area. The assessment growth, cultural changes. enhancement programs, infrastructure development,
strengthening of local social and cultural aspects.
involved stakeholders in identifying Sustainable environmental management.
community needs, mapping vulnerable
Food security intervention programs, real income
stakeholder groups, exploring Employment opportunities,
Wasuponda enhancement programs, infrastructure development,
6 16 population growth, local
opportunities for collaboration with local Sub-district
cultural changes.
strengthening of local social and cultural aspects.
Sustainable environmental management.
governments, and establishing grievance
mechanisms. The company manages The use of air filters, carbon emission reduction
technology, construction of wastewater catchment
social impacts through Community Air pollution, water pollution, ponds, water treatment installations, recycling of
Development and Empowerment Towuti soil pollution, employment liquid and solid waste, post-mining reclamation,
18 47
Sub-district opportunities, population food security intervention programs, real
(CDE) activities. These activities cover
growth, cultural changes. income enhancement programs, infrastructure
areas within rings 1, 2, and 3, tailored development, social and cultural resilience programs,
to stakeholder mapping outcomes sustainable environmental management.
and local government development Air pollution, water pollution, Intervention programs for food security, real
plans. [413-1][413-2][EM-MM-210b.2] Malili employment opportunities, income improvement programs, infrastructure
9 23
Sub-district population growth, local development, social and cultural resilience programs,
cultural changes. sustainable environmental management.
64 Sustainability Report 2023
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Social Sustainability Management Performance
Negative Impact Management in 2023 [413-2] PPM Master Plan
Number of
Percentage
of Villages in Impact Management and
Development 2023-2027
Type of Impact
Villages Affected Operational Type of Social Investment
Areas As a sustainable development effort, PT Vale has reported to
the Ministry of Energy and Mineral Resources the renewal of
Pomalaa Block
the PPM Master Plan for the 2023-2027 period of the Sorowako
• Population increase, Block. The second period of PPM program is integrated and
local cultural changes. supports the achievement of SDGs in villages, aligning with
• Increase in dust particles • Intervention programs for real income the development priorities in East Luwu Regency. These
Pomalaa due to operational improvement, social and cultural sustainability.
12 55 priorities include economic growth based on non-mining
Sub-district vehicle activities. • Regular watering.
• Impact of community • Preparation for the LRP program. sectors such as agriculture, agribusiness, tourism, MSMEs,
plantation land and other creative economic sectors. The second priority is
acquisition vulnerability. to strengthen the quality of education and healthcare and
• Population increase, achieve village self-reliance, thereby improving the quality of
local cultural changes. life and preparing for post-mining self-reliance in the future.
• Increase in dust particles • Intervention programs for real income
Baula due to operational improvement, social and cultural sustainability. Based on the evaluation results of the first phase of the
10 45
Sub-district vehicle activities. • Regular watering. PPM program, during this second phase, the Company
• Impact of community • Preparation for the LRP program. implemented data-based program implementation
plantation land
targeting poor or vulnerable groups. Consequently, the
acquisition vulnerability.
prepared programs will be managed synergistically with
Bahodopi Block stakeholders, ensuring that planning refers to data to ensure
targeting accuracy and avoid favoring specific groups.
Population increase, local • Intervention programs for real income
East Bungku cultural changes, landfill mining. improvement, social and cultural sustainability, The PPM program for the 2023-2027 period will focus on five
10 77
Sub-district Increase in dust particles due to household waste management. priority areas and combine with the SDGs Village approach,
operational vehicle activities. • Regular watering.
which also supports regional economies in developing flagship
Population increase, local • Intervention programs for real income products. In addition to collaboration with local governments,
Bahodopi cultural changes, landfill mining. improvement, social and cultural sustainability, the PPM will also collaborate with the Ministry of Energy and
3 23
Sub-district Increase in dust particles due to household waste management.
operational vehicle activities. Mineral Resources and the Ministry of Tourism and Creative
• Regular watering.
Economy in developing Creative Villages that can support
In 2023, PT Vale’s social programs contributed to achieving the Green PROPER, particularly in the aspect of community economic development and community welfare, including
empowerment program performance, and received recognition from various relevant institutions. This includes the agriculture, livestock farming, fisheries, entrepreneurship
Integrated Community Empowerment and Development Program (PPM)/Mining Community Welfare (Tamasya) Award development, tourism, creative economy, or MSMEs.
2023, newly organized by the Ministry of Energy and Mineral Resources (ESDM). The Company received two out of
three awards evaluated, namely in the Planning Category and Implementation Category. [413-1][413-2][EM-MM-210b.2]
65 Sustainability Report 2023
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Social Sustainability Management Performance
Building Synergy with Synergy Between PT Vale • Inaguration of an Organic Field School in
Ululere Village, East Bungku, Morowali. This
the Government and the Community Organic Field School will be used as a meeting
place and learning center for farmers from
13 empowerment villages of the company
We continue to build synergies with the government in PT Vale collaborates with the community in implementing in Morowali Regency. Through the Organic
implementing PPM programs and activities. In line with the several empowerment programs, including: Field School, farmers receive training and
implementation of the PPM program for the 2023-2027 period, knowledge about organic farming, aiming to
increase crop yields with efficient production
PT Vale launched the Operational Technical Instructions (PTO) costs because some needs, especially
for the PPM Program to support Sustainable Development fertilizers, can be produced and fulfilled
Goals (SDGs) in villages. The PTO launch event was attended independently. At the same time, the selling
price of agricultural products is higher than
by officials from the East Luwu Regency Government, marking
that of conventional farming production.
the beginning of the implementation phase of the PPM-SDGs
Village Support Program, which synthesizes several program • PT Vale sponsors PSM Makassar, a football
club from South Sulawesi, during the
models implemented over the past approximately 10 years. second round of the 2023/2024 Liga 1
The PTO for PPM-SDGs Village Support serves as the operational competition. The collaboration is based on
the consideration that PSM Makassar is
reference and guideline for all stakeholders in realizing programs from the same area as PT Vale’s operations
with broad impacts through accountable and transparent and is one of the deserving football clubs
governance. The completion of this PTO also provides budget in Indonesia due to its achievement as the
champion of Liga 1 last season. Through
certainty, timing certainty, assurance of the programs to be this collaboration, we hope to help develop
funded, and certainty of implementation mechanisms. local football talents around PT Vale’s
• Training for heavy equipment operators of excavators
and dump trucks for local talents in the Tanamalia operational area and be part of PSM
Block, East Luwu Regency. The training was attended Makassar’s football development. We also
by 52 participants from five villages in Loeha Raya, hope to collaborate extensively by involving
namely Loeha, Rante Angin, Bantilang, Tokalimbo, PT Vale’s fostered SMEs through football,
and Masiku. The two-month training covered including during PSM Makassar matches.
theoretical and practical aspects of heavy equipment
operation. At the end of the training, those who Green Open Space (RTH) -
passed the test received competency certificates. Batara Guru Roundabout
• Training in electricity, welding, and basic computer skills Collaboration in the development and
attended by 64 participants, who were local residents management of Green Open Space (RTH)
from 13 empowerment villages of PT Vale in the Bundaran Batara Guru (BBG) together with the
Morowali mining operation area and two empowerment Regional Government of East Luwu Regency,
started in 2022. The construction of this RTH
villages of PT Bahodopi Nickel Smelting Indonesia
facility can be utilized by the community as a
(BNSI) in Sambalagi Site. The training lasted for two space for interaction, education, recreation,
months and aimed to address the biggest challenge in and support economic activities and ecological
Morowali Regency regarding the availability of skilled functions. The RTH development is targeted to
and competitive local workforce, thus supporting be completed in 2024 and managed by the East
PT Vale’s commitment to prioritize local talent. Luwu Regency Government.
66 Sustainability Report 2023
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Social Sustainability Management Performance 67 Sustainability Report 2023
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Social Sustainability Management Performance
PPM Funding Support Several of the PPM activities carried out in 2023 include:
• Infrastructure development under PPM, • Several capacity-building activities
In line with the PPM Master Plan for 2023-2027, the implementation of PPM such as the construction of green open include training and study tours to
activities includes not only four sub-districts in East Luwu Regency but spaces (RTH), development of water enhance destination management
tourism facilities, construction of village capacities at Lake Toba, community-
also other empowerment areas in Pomalaa, Kolaka Regency, and Bahodopi,
irrigation networks, Rice Milling Units based waste management training, fish
Morowali Regency. The Company’s support in 2023 included US$5,571,359 in (RMU), the establishment of Village feed industry management training,
program financing, covering Sorowako, Bahodopi, and Pomalaa Blocks. This Health Posts, the establishment of and appropriate agricultural technology
amount represents a 4.3% increase from the US$5,343,585 in 2022. cattle farming facilities, rehabilitation (TTG) application training. In the
and arrangement of village culinary Bahodopi Block, there were training
stalls, construction of village sessions on Proper Fish Cultivation for
PPM Funding Support in 2023 (US$) landmarks, construction of food courts, fishermen, Religion Guidance, Sports
construction and development of waste Coaching Clinics-Football for youth in
Program and management facilities (TPS3R) across empowerment areas, Organic Youth
Sorowako Bahodopi Pomalaa Jumlah
Activity villages, construction of warehouses Camp Training, and Vocational Training
Education 151,579 92,010 5,004 248,593 and paddy drying floors, arrangement in Welding & Electrical for the local
of underwater ecosystems through the workforce.
Health 408,288 143,181 73,070 624,539 creation of fish ecosystem units (fish
apartments), construction of floating • PPM activities carried out in the
Real Income 348,902 158,310 188,432 695,644 fishermen’s houses, improvement of Pomalaa Block include the construction
farm road quality, construction and of Early Childhood Education
Economic Self- renovation of fish feed warehouses, and (PAUD), construction of clinic
963,793 - 12,780 976,573
Reliance renovation of fishermen’s docks. fences, procurement of ambulances,
procurement of farmer shredding
Socio-Cultural 210,895 221,654 61,509 494,058 • Activities in the Bahodopi Block include machines, construction of organic Sri
Socio- the construction and development of rice farmer workshop, human resource
106,903 112,946 - 219,849 waste management facilities (TPS3R), development training, procurement of
Environmental
the development of organic Sri rice heavy equipment simulators, tourism
Community cultivation, the Healthy Community development, construction of volleyball
169,821 74,053 - 243,874 Movement, including Healthy Exercise fields, construction of tourist access
Institution
and Healthy Eating Socialization and roads, establishment of art studios,
PPM Health Checks, middle and high school rehabilitation of sub-district offices,
Infrastructure 1,321,323 233,437 513,469 2,068,229 equivalency education, the construction construction of 70 street lights,
Support of community health center facilities, construction of embankments, farmer
and the Socialization of Stunting road construction, campus development,
Total 3,681,504 1,035,591 854,264 5,571,359 Reduction and Mother and Child Care. and asphalt paving.
68 Sustainability Report 2023
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Social Sustainability Management Performance
Building Infrastructure to Support the Integrated Community PPM supporting infrastructure
Empowerment and Development Program (PPM) development includes Sorowako,
Bahodopi, and Pomalaa Blocks, with
The implementation of PPM also includes supporting the development of infrastructure
realizations including:
to support PPM, with a realization in 2023 reaching US$1,321,323, down by 53% from
US$2,786,450 in 2022. For the Sorowako Block, the decrease in realization in 2023 is due to • Subsidized Electricity Facilities for
most of PT Vale’s PPM programs in this period being in a transition phase from planning to Local Communities, Lighting and
Clean Water Facilities for the General
implementation. Here’s a breakdown: Public (US$1,040,778 Sorowako Block)
• Education Sector: Budget absorption • Transition Phase: The transition of • Infrastructure Development and
for community scholarships and foster program schemes from area-based Economic Development of Dongi Ledu
children has not been realized due to schemes to SDGs Desa support Ledu Villages (US120,647 Sorowako Block) OTHER CAUSES
coordination processes, socialization, schemes requires several stages of
• Public Facilities and Infrastructure
and various dynamics with communities social preparation, cross-sectoral
(Meeting Halls, Plazas, Road Repairs, During 2023, PT Vale conducted various
and local governments regarding coordination, legal compliance
Water Supply Networks, and Sports
governance and beneficiary selection. processes, and governance framework community care and social assistance
Facilities) (US$159,899 Sorowako Block)
Therefore, the realization of scholarships development, which began in
activities for communities around its
is expected to commence in Q1 2024. March 2023. Hence, the realization • Village Infrastructure Development
is expected to begin in Q1 2024. operations and in other areas across
(Fences, Gabions, Farm Road Pavements,
• Health Sector: The decrease in budget Indonesia, including:
Markets, Drainage), Procurement
absorption in this sector is largely
of Traditional Bamboo Musical
influenced by government policies • Formation and strengthening of
Instruments, Tourism Development,
regarding the obligation of every citizen community institutions (Village-
and Educational Facilities Development
to use the BPJS Health card, leading to a Owned Enterprises and Subsidiaries,
(US $466,874 Bahodopi Block)
direct impact on the decrease in regular youth organizations, farmer
health service financing for the affected • Lighting and Clean Water Facilities organizations, women’s groups, herbal
local communities in the Sorowako block. (US$214,155 Pomalaa Block) enthusiasts) - Sorowako Block
• Infrastructure Development • Engagement of local communities in
(Rehabilitation of the Sub-district sustainable environmental conservation
Office in Baula, Development of activities, such as strengthening
the PNUP Kolaka Campus, and waste banks, tree planting and
Construction of Terminal Embankments mangrove tracking, fish apartments,
in Pomalaa) (Total: US$169,026) cleaning community drainage
channels to preserve the Lake Matano
• Public Facilities and Infrastructure ecosystem, assistance for natural
Development (Road Asphalting disaster victims (earthquakes, fires,
and Repairs, Terminal floods), and provision of facilities
Embankment Construction) for community places of worship.
(US$195,804 Pomalaa Block)
69 Sustainability Report 2023
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Social Sustainability Management Performance
Grievance and Response Vale’s grievance mechanism follows Principle 31 of the UN Guiding Principles on Business and Human Rights
(UNGPs), as well as guidance from ICMM (International Council on Mining and Metals), implementing the
Handling [POJK51-F.24] [413-1a][MM7] principles of legitimacy, accessibility, predictability, equitability, transparency, rights-compatibility, and
source of continuous learning. We respond to community-submitted reports using various approaches to
PT Vale provides the community with access to submit find the best solutions. The following tabulation presents the follow-up to some complaints/grievances.
complaints/reports directly during monthly coordination
meetings with sub-districts. We also established a
Complaints and Grievances by the Public in 2023 and Follow-Up [POJK51-F.24]
Stakeholder Demands and Issues (SDI) System as an
application for handling each complaint and report.
Complaint/Grievance Location Follow-Up
The External Relations Department follows up on every
complaint/report received, according to the type of interaction
Sorowako Block
received, such as accusations, complaints, information,
requests, and praises. These will be addressed using various Issues related to dust Coordination has been conducted with the Mining
pollution resulting from Kuari, Asuli Village department to carry out regular watering in the area.
approaches involving relevant functions. Throughout 2023,
mining activities process within the four empowerment areas.
several reports were submitted to PT Vale:
Issues related to disturbed Through External Relations, we assisted the community
• There were 698 reports in the operational area of Sorowako clean water due to Kuari, Asuli Village by constructing 2 clean water facilities benefiting 650
mining activities residents in the Kuari, Asuli Village and its vicinity.
Block, with 130 accusations and complaints categorized
into issues related to job opportunities, land acquisition Issues related to Coordination with the Mining department resulted in
conflicts, compensation payments, road access, and noise pollution from Kuari, Asuli Village agreeing upon several options to reduce the work shift
support for social projects. mining operations intensity from 3 shifts (24 hours) to 2 shifts.
• There were 268 reports in the operational area of Bahodopi Issues related to land Humanitarian Aid programs have been provided to
Block, with 108 accusations and complaints categorized occupants within the Kuari, Asuli Village communities/land occupants affected by activities in PT
into issues related to job opportunities, business contract area Vale projects, specifically in Lembo South 01 & 02.
opportunities, land acquisition, road access, dust, safety
Discussions have taken place with the East Luwu Manpower
in community residential areas, and support for social Office regarding the PT Vale recruitment process. It was agreed
projects. Complaint regarding that there would be no specific quota for the community but
the 117 non-staff East Luwu rather refer to the ID card (KTP) as proof of residency in East
• There were 54 reports in the operational area of Pomalaa intake quota in 2023 Luwu, as an empowerment area. Additionally, PT Vale initiated
Block, all categorized as accusations and complaints related preparatory activities such as logic and reasoning test preparation
to labor issues, land acquisition, compensation payments, for candidates participating in the PT Vale workforce selection.
and safety in community residential areas.
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Social Sustainability Management Performance
Complaints and Grievances by the Public in 2023 and Follow-Up [POJK51-F.24] Non-Company Land Use
Complaint/Grievance Location Follow-Up There are no community mining activities in the
operating area of PT Vale. However, we have
Bahodopi Block observed the use of land for other activities
conducted by the community within the contract
Bahomotefe Youth of work area. This situation is addressed by:[MM8]
Discussions have been held to clarify the recruitment process
Transparency in PT Organization
at PT Vale. Information regarding job vacancies has been
Vale’s Workforce (Representing several
conveyed to the Youth Organization, and job postings have been • Issuing verbal and non-verbal
Recruitment Results Empowerment Village
displayed at each office in the 13 Empowerment Villages. warnings (written warnings);
Youth Organizations)
• Reporting to the police if warnings are ignored; and
A dialogue has been initiated involving the Land Acquisition Team,
PT Vale External Team, Onepute Jaya Village Government, and • Conducting regular monitoring
Community Land
Bahomotefe Village Bahomotefe Village with the complainant. The Land and Village
Complaints and Claims
Government teams have provided explanations regarding the
Periodically, PT Vale also evaluates the performance
location and status of the land claimed by the community.
of suppliers/working partners, which may potentially
Preliminary socialization has been conducted in several have social impacts on the local community, along with
Bahomotefe Village,
villages to explain the alternative road.
Complaints Regarding Onepute Jaya Village, evaluating environmental management performance.
PT Vale management coordinated with the relevant Village
Alternative Road Access Le-le Village and
Dampala Village
Government to follow up on the repair of the alternative Throughout 2023, we evaluated all (100%) new
road to ensure its suitability for use by farmers.
suppliers/working partners. Based on the evaluation
conducted during 2023, there were no terminations of
Pomalaa Block
employment contracts with suppliers/work partners
due to social and environmental impacts as stipulated
Portal Closure by the Mekongga Earth
A meeting and discussion were conducted between the local in PT Vale’s regulations and standards. [414-1][414-2]
PTVI Local Community of Forum and Circle One
forum and PTVI management regarding local labor.
Regarding Local Labor Baula Community
Some members of the local
community claim that their The disputed land is situated within the forest area (IPPKH
land is being used by PTVI Hakatutobo Village and PTVI CoW). The District Court’s decision states that
and demand compensation, the plaintiff’s lawsuit is deemed inadmissible.
leading to legal action.
Community protests at
the intersection due to
congestion during rush Traffic management has been provided at the
Pesouha Village
hours. They request mentioned intersection to regulate traffic flow.
traffic management to
be provided at the site.
71 Sustainability Report 2023
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Sustainability Governance
Sustainability
Governance
PT Vale Indonesia Tbk’s sustainable
operations are supported by a
commitment to implementing
sustainable governance guided by
the principles of Good Corporate
Governance (GCG). Consistent
application of sustainable governance
creates sustainable value for
stakeholders, both in the short and
long term. We require the Board of
Commissioners, Board of Directors,
company officials, employees, and
related parties to prioritize legal
compliance based on business
ethics, ensuring that all actions are
carried out with full responsibility,
honesty, confidence, respect, loyalty,
and integrity. The Company has
never incurred fines or other legal
sanctions from authorities related
to compliance violations. [2-27]
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Sustainability Governance
Sustainability
Governance Structure
The sustainability governance of PT Vale refers to
governance in accordance with Law No. 40 of 2007
concerning Limited Liability Companies, consisting
of the General Meeting of Shareholders (GMS) as the
highest governance body, the Board of Directors as the
Company’s executives, and the Board of Commissioners
as overseers assisted by committees. The nomination
and appointment of the Board of Directors and Board
of Commissioners are the authority of the Shareholders
and are ratified in the GMS. We ensure there are no
conflicts of interest among the Directors, Board of
Commissioners, or Shareholders that could influence any
decisions made. Information regarding these matters is
disclosed in the 2023 Annual Report of PT Vale Indonesia
Tbk. [2-9][2-10][2-15]
The Board of Directors implements sustainability
governance guided by Vale’s 2030 Commitment, and
structured as Key Performance Indicators (KPIs) covering
economic, environmental, social, and governance
aspects. Achievement of KPIs is evaluated periodically
and reported to shareholders. [POJK51-E.1] [2-11][2-12]
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Sustainability Governance
The Board of Directors may delegate their authority in the implementation
of sustainability governance to company officials according to their
respective responsibilities. Regarding sustainability performance,
it is managed by relevant Functions, such as External Relations,
Energy & Logistics, Environment & Permit Management, People &
Culture, Communications, Corporate Affairs, Health Safety & Risk,
Compliance & Ethics, and ESG Departments. Periodically, appointed
company officials provide reports to the Board of Directors. [2-13]
Remuneration and
Performance Evaluation
Remuneration of the Board of Commissioners and Directors is determined
by the Shareholders through the GMS, taking into account the Company’s
performance, including sustainability management. Shareholders are the
sole stakeholders involved in the process of setting remuneration for the
Board of Commissioners and Directors. Information disclosure regarding
the remuneration of Directors and the Board of Commissioners, including
the annual remuneration ratio, is provided in the 2023 Annual Report of PT
Vale Indonesia Tbk. [2-19][2-20] [2-21]
Performance evaluation is conducted through the assessment of the
Company’s performance during the current period and the achievement
of KPI targets. Evaluations are carried out in meetings of the Board of
Commissioners and Directors. The final evaluation results are presented to
the Shareholders at the GMS. PT Vale also evaluates the performance of
sustainability governance conducted by third parties, one of them, PT Vale
is included in the SRI KEHATI index. [2-18]
74 Sustainability Report 2023
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Sustainability Governance
Sustainability Risk Management Evaluation [POJK51-E.3]
Risk management of sustainability performance is performed by
implementing a risk management system using the ISO 31000:2018
IGP Morowali
and ISO 55001:2014 frameworks and COSO-ERM on Risk and Environmental Impact
Asset Management. The Board of Directors manages risk with
support from operational functions in management, namely Risk
Assessment Development
Management, Line Management, and Internal Audit, it is overseen by During the reporting period, PT Vale continued discussions on the
the Board of Commissioners with assistance from the Risk Mitigation Environmental Impact Analysis (AMDAL) Document for the Nickel Ore
Committee. Evaluation of risk management implementation is Production Operation Plan in Block 2 and Block 3 Bahodopi. The agenda
conducted through meetings of the Board of Directors and the of the discussions included meetings of the AMDAL Commission and the
Board of Commissioners. Based on the evaluation results of 2022, it Environmental Management Plan (RKL), as well as the Environmental
is known that the management of sustainability performance risks is Monitoring Plan (RPL). The meeting was attended by the Central AMDAL
effectively executed. Assessment Team from the Directorate General of Environmental
Impact Prevention of Business and Activity of the Ministry of
In implementing risk management, PT Vale always involves the
Environment and Forestry, local government agencies (OPD) of Central
community in the initial stages of all work activities. that PT Vale
Sulawesi Province, and PT Vale management. During the meeting, the
conducts all operational activities responsibly, taking into account
AMDAL Commission assessed that the AMDAL Document prepared
community aspects. [EM-MM-210b.2]
by PT Vale is very comprehensive and addresses all aspects. [2-26]
Improving Sustainability Knowledge [POJK51-E.2] [2-17]
Throughout 2023, PT Vale included the Board of Directors in various • CNBC Indonesia Nickel Conference 2023: Nickel & Battery Supply
activities to improve their knowledge regarding sustainability Chain Sustainability
governance implementation. Some of the activities included • Indika Energy Summit 2023: Corporate Sustainability, Indonesia
participation in Sustainability Action for The Future Economy 2023 Sustainability Forum (ISF) - Sustainable Mining of Critical Minerals
and The Climate Change Conference COP28. On several occasions, to Bolster Decarbonization
the Board of Directors also had the opportunity to be speakers at • Sustainable Mining & The Energy Transition, Speaker on Indonesia
sustainability-themed events, namely: Millennial and Gen Z Summit 2023: Symphony of Sustainability:
Empowering Transformation with ESG Strategies
75 Sustainability Report 2023
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Sustainability Governance
Code of Conduct Compliance and Whistleblowing Chanels [2-17]
PT Vale has and implements a Code of We guarantee confidentiality, independence,
Violation Reporting Facilities Through VWC
Conduct (CoC) to support the implementation neutrality, and immunity in handling,
of sustainability governance. Every year, we investigating, and storing information
held Code of Conduct socialization sessions received through the VWC. PT Vale ensures
for all parties internally and externally that under any circumstances, there will be
associated with PT Vale. Socialization no breaches of confidentiality, intimidation,
activities carried out in 2023 include: or retaliation against the reporter and no Telephone Email Website
0 800 100 2233 vwc@tipoffs.info https://idn.deloitte-halo.com/
• Ethics & Compliance, Anti-bribery and tolerance for retaliatory actions. Retaliatory valewhistleblowerchannel/?Pg=4
corruption Training for all employees. actions are considered misconduct. All
employees are encouraged to report any cases
• Anti-bribery & corruption socialization for
all employees and leaders. of retaliation. [2-16]
• Whistleblowing channel socialization In 2023, the VWC received 32 reports of
through posters, banners, and e-flyers for alleged violations submitted through the Fax Airmail Address SMS
all employees. +62 21 2993 8456 Vale Whistleblower Channel +62 812 80400622
VWC. Issues that can be reported include
PO Box 3035 JKP 10030
• Online training on the code of conduct for fraud, conflicts of interest, interpersonal
all PT Vale employees. relationships, relationships with third parties,
health and safety, and the environment. Of Violation Reporting Handled Percentage of Valid Allegations
Through VWC [2-16] Confirmed After Investigation (%)
To support the implementation of the Code the 32 reports received by the VWC, 30 or
of Conduct (CoC), the Company provides a 94% were categorized as valid and followed Description 2023 2022 2021 Description 2023 2022 2021
reporting channel for CoC violations: the Vale up with investigations while maintaining Number of Not Proven 27 81 18
Whistleblower Channel (VWC), accessible confidentiality and protecting the reporter. Allegations 32 27 33
Received Not Determinable 36 5 7
24/7 by suppliers, consumers, and other third Violation reports included in the VWC are
Percentage of
parties. The VWC is connected to Vale S.A.’s reported to the CEO of PT Vale Indonesia 94 74 85 Proven 37 14 75
Valid Allegations
Ethics and Behavior Code Department and is every three months through a meeting. The
independently managed by a whistleblowing most investigated violations were related
service provider in Indonesia. Several channels to interpersonal relationships and fraud. In
are available for reporting corruption, addition to reports received by the VWC,
• Written guidance for 33 employees.
conflicts of interest, discrimination, and other several cases of employee violations were
perceived violations of regulations or the addressed by the Company as a whole by • Written warnings for 63 employees.
Code of Conduct. [2-16] imposing sanctions for proven violations, • Termination of employment for one employee.
namely: [2-16]
76 Sustainability Report 2023
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Sustainability Governance
Supporting Anti-Corruption [EM-MM-510a.1] [EM-MM-510a.2]
PT Vale enforces zero tolerance towards Periodically, PT Vale conducts refresher Respect for Property Rights
corruption, bribery, and/or abuse of power training on anti-corruption for employees,
The Company also respects property rights in its nickel
for personal gain. We are fully committed as well as for communities and other
mining operations, including compliance with legal
to fostering transparent, accountable, stakeholders. Anti-corruption training
frameworks and regulations, as well as respecting rights
and integrity-driven relationships with programs prioritized for employees
and ownership of land. This commitment underscores PT
the government and other stakeholders. include those in Procurement, External
Vale’s dedication to ethical practices and compliance to
PT Vale has also conducted a risk Relations, Human Resources, and
ensure the protection of property rights in all our activities.
assessment related to corruption and other employees whose work involves
identified risks based on the Corruption interactions with government agencies
Perceptions Index (CPI) which refers to the or officials. Throughout 2023, we
Vale Global Anti-Corruption Program. communicated and disseminated
anti-corruption messages via email
Together with the law firm Hadiputranto,
blasts and banners to employees,
Hadinoto & Partners, the Company has
while the dissemination of the PT Vale
conducted an assessment to identify
Supplier Code of Conduct Guidelines
corruption risks within PT Vale’s
has been conducted for 950 suppliers.
environment, particularly related to
Additionally, we organized the following
procurement processes and activities. We
anti-corruption training: [205-2]
implement e-procurement to minimize
corruption risks and participate in • Anti-bribery and corruption
contract management transparency, training for new employees.
including incorporating anti-bribery and • Anti-bribery & corruption socialization
anti-corruption clauses into agreements for all employees and leaders.
or contracts with third parties. Another
approach is to provide the Global Vale During the reporting period, PT Vale did
Anti-Corruption Guidelines on the not receive any complaints regarding
intranet and offer various channels for alleged anti-corruption violations, either
stakeholders to report any violations from employees or business partners.
or indications of corruption.[205-1] We have also never been involved in
any public legal cases related to alleged
corruption involving the Company. [205-3]
77 Sustainability Report 2023
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Sustainability Governance
Constraints and
Constraints and challenges faced by the Company in implementing sustainability
during 2023 include various perceptions and interests among stakeholders, especially
Challenges in Implementing
regarding environmental and social (human) management. Another challenge is that
managing negative impacts requires extensive measurement and documentation.
At the same time, we are limited in applying all calculation methods. The ongoing
Sustainability solution being pursued is to enhance communication and training, as well as monitor
[POJK51-E.5] the recording of calculation data as the basis for performance evaluation.
Building Economic Value Generated and Distributed
Information on the generated and distributed
Nickel Production Cost (US$ per Ton)
2023 2022 2021
the Nation economic value is presented on a cash basis based
on the audited Financial Statements. The disclosure
10,089 11,444 8,430
Together of information follows the recommendations of
the GRI Standards, so the figures presented may Economic Value Generated and Distributed (Thousand US$)
differ from the audited Financial Statements. Description 2023 2022 2021
Throughout 2023, we recorded a Generated Economic Value Generateds
Economic Value of US$1.3 billion, marking an Operating Revenue 1,232,263 1,179,452 953,174
6.6% growth from 2022, which reached US$1.2 Other Income 36,576 10,691 2,714
billion. Part of the Generated Economic Value Total Revenue 1,268,839 1,190,143 955,888
has been distributed to stakeholders. [201-1] Economic Value Distributed
One factor influencing the economic performance Operating Costs 550,958 772,065 639,242
in 2023 was the production cost control, which Employee Salaries and
87,436 91,819 84,881
amounted to US$10,089 per ton of nickel in Allowances
Throughout 2023, matte, lower than in 2022, which was US$11,444 Payments to Capital Providers 60,093 0 0
PT Vale recorded positive per ton of nickel in matte. The Company did Payments to the Government 204,617 178,676 113,090
performance despite not receive financial assistance from the Community Investments 4,291 4,929 4,992
facing continued economic Indonesian Government. However, following Total Economic Value
907,395 1,047,489 842,205
slowdowns in several the share ownership structure, the Government Distributed
countries that affected indirectly holds shares in the Company through Economic Value Retained
the demand and prices its ownership of MIND.ID, which has been one of
(Total Economic Value Generated – Total Economic Value Distributed)
of nickel worldwide. PT Vale’s shareholders since 2020. [201-1][201-4]
Total Economic Value Retained 361,444 142,654 113,683
78 Sustainability Report 2023
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Sustainability Governance
Production and Sales Target and Realization [POJK51-F.2]
Throughout the reporting period, we encountered the effects
Employee Pension Funds
of climate change in the form of irregular weather conditions, We include employees in the Defined Contribution Pension Program (PPIP) managed
resulting in weather anomalies that impacted our nickel ore mining by the Financial Institution Pension Fund (DPLK), the Old Age Guarantee Program,
operations and the shipment of nickel in matte to our buyers. and the Pension Guarantee Program managed by BPJS Ketenagakerjaan. PPIP is
This, in turn, led to an increase in operational expenses for PT mandatory for employees who have been working for more than three years. The
Vale. However, despite these challenges, the Company was able DPLK portion covers 10% of PT Vale and 2% of employees. In 2023, the pension fund
to achieve its production targets for both nickel ore and nickel in amounted to AS$52,892,019 an increase from US$51,625,227 in 2022. This amount is
matte, as well as fulfill its sales commitments to customers. [201-2] sufficient to meet the obligations to 118 retiring employees in 2023. [201-3]
Nickel in Matte Production and Sales Targets and Realization
in 2023 (Tons) [POJK51-F.2]
State Revenue SOP as an identification reference in monitoring tax risks. PT Vale
also supports transparency and contributes to Indonesia’s EITI
Description
Production
Target
70,725
Realization
70,728
Percentage
100.0%
Contribution and and reporting. During 2023, there were no incidents of tax violations.
Tax-Related Policies
[207-1][207-2] [207-3]
Sales 71,403 71,108 99.6%
This report only discloses the fulfillment of tax and NTSR obligations
Nickel in Matte Production Realization Economic value distributed in the form to the Indonesian government, including central and regional
2023 2022 2021 Δ% of tax payments and Non-Tax State governments, considering that PT Vale operates only in Indonesia.
Description
1 2 3 1:2 2:3 Revenue (NTSR) to the Government to the In 2023, we paid taxes and NTSR to the Government of Indonesia,
Production 70.728 60.090 65.388 17,7 -8.1 Government is paid based on the prevailing amounting to US$204,617 thousand. This amount increased by 14.3%
Sales 71.108 60.960 66.615 16,7 -8,5 tax regulations in Indonesia. The policy, from 2022, reaching US$179,020 thousand. [207-4]
management, and supervision of taxes and
The Government appreciates PT Vale’s contribution to state revenue
Realization of Nickel in Matte Sales to Buyers (Cobalt) NTSR by the Company are the responsibility
through taxes. Appreciation was given by the Regional Office
2023 2022 2021
Buyer of the Finance Department and are
Ton % Ton % Ton % (Kanwil) of the Directorate General of Taxes (DJP) for South, West,
overseen by the Finance Directorate.
Vale Canada and Southeast Sulawesi for the category of corporate taxpayers
56,887 80 49,670 81 53,265 80 They are then reported to Vale Canada
Limited (VCL) with the highest VAT and income tax contributions throughout 2022.
to the Vice President of Tax Base Metal
Sumitomo Metal Over the past two years (2021-2022), PT Vale has paid local taxes
14,221 20 11,290 19 13,350 20 and Vale Brazil. Reporting is conducted
Mining Co,LTd amounting to US$50 million or equivalent to Rp700 billion, assuming
Total 71,108 100 60,960 100 66,615 100 monthly and quarterly. We coordinate
an exchange rate of around Rp14,000. If accumulated from 2011 to
and consult with the local Tax Service
2022, the Company’s contribution to local taxes has reached US$235
Office to ensure compliance with tax
million or equivalent to Rp3.3 trillion. This figure includes water levy
obligations and taxpayers, both corporate
fees, which amounted to US$18 million or approximately Rp278 billion
and individual. PT Vale has a Taxation
in 2021-2022.
79 Sustainability Report 2023
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Sustainability Governance
PT Vale’s Obligatory Payments to the Central and Regional Tax Components Paid by PT Vale (Thousand US$)
Governments (Thousand US$) [207-4] In line with our commitment
Tax Component 2023 2022 2021
Description 2023 2022 2021 to sustainable governance,
Value Added Tax 6,532 1,452 1,242
Central Government 174,051 151,646 120,126 the Company has a policy
Land and Building Tax 3,121 2,401 2,340
to prohibit any form of
South Sulawesi Pronvicial
14,084 14,331 9,968 Employee Income Tax 14,340 12,229 10,859 contribution to political
Government
East Luwu Regency Corporate Income Tax 91,618 79,588 67,720 activities, both directly
15,995 13,031 13,623
Government Regional Taxes, Levies, and indirectly. We also do
30,565 27,378 23,604
Southeast Sulawesi and Grants not allow the use of PT
18 10 6
Provincial Government Third Party
12,409 5,452 8,086 Vale’s facilities or assets for
Kolaka Regency Withholding Tax
1 0 0 political activities. [415-1]
Government Duties 4,603 3,756 4,695
Central Sulawesi Provincial
19 6 7 Total 163,189 132,256 118,544
Government
Morowali Regency
449 0 0 Non-Tax State Revenue (NTSR) Components Paid to the
Government
Government (Thousand US$)
Total 204,617 179,024 143,730
NTSR Component 2023 2022 2021
PT Vale’s Taxes and Non-Tax State Revenue (NTSR) Payments Production Royalties 33,990 35,614 19,187
(Thousand US$) Land Rent for Contract of
496 496 504
Description 2023 2022 2021 Work Areas
Tax Payments 163,189 132,256 118,544 Other NTSR 6,941 10,658 5,494
NTSR Payments 41,427 46,768 25,185 Total 41,427 46,768 25,185
Total Tax and NTSR
204,617 179,024 143,730
Payments
80 Sustainability Report 2023
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Sustainability Governance
Customer Influence
Equality [POJK51-F.17]
Towards Communities
Based on a long-term contract that In 2023 PT Vale provides pro bono indirect In 2022, the Company conducted a
has been agreed upon, PT Vale sells its benefits to local communities through the community satisfaction index (SMI)
nickel in matte products to Vale Canada utilization of infrastructure built for the study related to PT Vale’s business to
Limited (VCL) with a sales percentage Company’s operational purposes: [203-1] encourage the growth of other economic
of 80% and Sumitomo Metal Mining sectors. The study was published in 2023,
• Road access improvement
Co. Ltd (SMM) with 20%. This market with the following results: [203-2][204-1]
in Loeha Village
certainty ensures that we are not faced • The SMI study (2022) on the MSME
with market competition from similar • Construction of bridges in several sector in 4 sub-districts within PT
operational areas, including in Loeha Vale’s empowerment areas received a
businesses. We provide equal services Village, to support exploration and the score of 2.8, equivalent to a conversion
to buyers, among others, in setting the needs of the surrounding community value of 70.83% satisfaction of
selling price of nickel with reference to respondents with programs that
• Provision of clean water facilities in
the London Metal Exchange and cobalt promote economic growth.
Mahalona Village as part of the support
with reference to Fastmarket. [206-1] for the Mahalona Block 1 Bridge employ 12,000-15,000 workers. They
• For the agriculture and sustainable
will receive wages that can be spent to fisheries development program,
meet living needs, thus bringing about the study received a score of 3.0,
Another indirect benefit is the availability equivalent to a conversion value of
a ripple effect on the local economy.
of job opportunities in local companies 75% satisfaction of respondents
that act as contractors/suppliers in As of December 31, 2023, there are 374 with the program’s achievement
local companies involved in PT Vale’s in improving the economic status
the Company’s supply chain. Local
of beneficiary communities.
companies are defined as businesses supply chain, accounting for 16.6% of
located and/or operating in PT Vale’s the total number of vendors/suppliers. • Overall, the CSR program
received a score of 3.0, equivalent
operational areas, namely East Luwu Some of them serve as vendors/
to a conversion value of 74%
Regency (Sorowako Block), Morowali suppliers for development projects in satisfaction of respondents with
Regency (Bahodopi Block), and Kolaka Bahodopi and Pomalaa. [203-2][204-1] the company’s business operations
in promoting the economic
Regency (Pomalaa Block). The ongoing
growth of the local community.
construction work is expected to
81 Sustainability Report 2023
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Sustainability Governance
Supplier Engagement Proportion [204-1]
2023 2022 2021
Description
Total % Total % Total %
Local
158 17 301 11 295 28
Suppliers
National
629 66 2,051 74 560 54
Suppliers
International
163 17 432 64 183 18
Suppliers
Total 950 100 2,784 100 1,038 100
*Suppliers who passed the prequalification and have a contract with PT Vale
Procurement Contract Value by Supplier (US$) [204-1]
2023 2022 2021
Description
Total % Total % Total %
Local
64.235,5 20 59.461.222 16 39.185.111 10
Suppliers
National
170.368,0 53 241.641.501 64 265.305.103 69
Suppliers
International
86.796,4 27 78.339.538 21 77.377.305 20
Suppliers
Total 321.399,9 100 379.442.262 100 381.867.519 100
In 2023, there were 17% or 158 local suppliers. During the pre-qualification process, PT Vale
conducted assessments to ensure that suppliers met the established ESG standards and criteria.
82 Sustainability Report 2023
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Sustainability Governance
Stakeholder Engagement
Stakeholder engagement is based on fulfilling the needs of each stakeholder through various forums and mechanisms.
Stakeholder Engagement [POJK51-E.4][2-29]
Stakeholder Basis for Identificaton Topic of Discussion Approach and Response Frequency
Internal
• Employees Communication policy and • Economic performance and • Drafting the Company’s long-term plan. • Periodic (quarterly, semester,
• Company Leaders social management business development. • Streamlining and optimizing production and sales. annual) performance reports
• Contractors system. • Occupational health and safety • Putting health protocols in place. • Periodic evaluation as needed.
(OHS) management, and COVID-19 • Implementing the Vale Production System (VPS),
pandemic handling. the Contractor Safety Management System
• Environmental management. (CSMS), and getting certified in occupational heath
• Strengthening local suppliers’ and safety and environmental management.
capacity and increasing the • Adopting the Promote National Interest (PNI)
share of local components. and the Local Business Initiative (LBI).
External
• Communities Communication policy • Recruitment of local workers • Recruitment by PT Vale or through a contractor. • Recruitment as needed.
• Formal Leaders and social management • Community empowerment • Inter-Village Cooperation Forum (BKAD) to • The forum convenes at the beginning,
• Informal Leaders system. (local communities). discuss, plan, and evaluate integrated community in the middle, and at the end of
the year, and as needed.
empowerment and development programs..
• Government and Communication • Regulatory compliance and licensing. • The Company plans to change its Work Contract, • Communication on and discussion of
Private Sector policy and • Contributions to the state and regions. which will end on December 28, 2025, to a Mining the Mining Business Permit or Special
• Central and Local social management • Asset protection. Business Permit or Special Mining Business Permit. Mining Business Permit are done all the
• Governments system. • Corporate Performance. • Fulfilling the obligation of paying taxes and non-tax time with the authorities. Timely tax
• Military and Police state revenue in a total amount of U$178,676 and non-tax state revenue payment.
• Investors thousand in 2022. • PT Vale regularly coordinates with the
• Customers • Security coordination and cooperation with the provincial police of South Sulawesi,
• Suppliers and Partners Military and Police. the provincial police of Southeast
• Public Sector • Financial, environmental, social, and governance Sulawesi, and the Military Command XIV
performance reporting. Hasanuddin in security cooperation.
• Quarterly, semester, and annual
performance reporting.
• The Media Communication • Transparency and easy • Publication and delivery of public information through As needed
• Academicians policy and social access to information. press conferences, news release, and public exposés.
• NGOs management system. • Consultations, research, • Research and Corporate Social
• Other Entities and cooperation. Responsibility (CSR) cooperation
Local Communication policy and Respect for and fulfilment of Fostering dialogue and communications with local As needed
Communities social management customary rights, and local wisdom communities through various meetings and forums
system.
83 Sustainability Report 2023
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Sustainability Governance
Responsibility for Product/Service Development
Product Safety PT Vale’s production process and nickel in
matte products have met the Restriction
Product Recall and Customer
Satisfaction [POJK51-F.29][POJK51-F.30]
and Impact of Hazardous Substances (RoHS) and ISO
Throughout 2023, there were no product
Management 17025:2008 standards, which are European
Union market standards. They have recalls requested by buyers. Shipping of
also undergone assessment for mining nickel in matte to customers was conducted
[POJK51-F.27][POJK51-F.28]
product hazards according to the Globally using specialized packaging weighing 3.3
Harmonized System of Classification and tons. The outer packaging was equipped
Labelling of Chemicals (GHS), adopted by with labels containing information about
the United Nations (UN) and implemented the origin and product specifications, as
in Indonesia through Minister of Industry well as handling instructions. We assessed
Regulation No. 23 of 2013, amending compliance with labeling procedures for all
(100%) products, and no complaints were Data and Digital Information
Minister of Industry Regulation No.
received from buyers regarding information Security
87/M-IND/PER/9/2009 on the Globally
Harmonized System of Classification and discrepancies on the labels. During 2023, PT Vale ensures that all digital data and
Labelling of Chemicals. Nickel in matte PT Vale did not incur fines or any other information, including sensitive company
is an intermediate product used as a legal sanctions related to alleged non- data, are securely stored, both for
raw material by buyers in subsequent compliance with marketing communication buyers and employees. We implement
processes. Thus, it does not directly provisions. [417-1][417-2][417-3] buyer data security systems to protect
impact buyers or the environment. There We remain committed to maintaining against data damage, modification, and
have been no complaints about the product quality and service for our unauthorized dissemination. Data and
product’s impact on the health and safety customers. Since customers make product digital information stored by the company
of employees, workers, or buyers during purchases under long-term contracts, can only be accessed by authorized parties
the reporting period. [416-1][416-2] we do not conduct customer satisfaction designated by management. Throughout
surveys. However, PT Vale and customers 2023, there were no reports of data
routinely hold monthly meetings to address damage, modification, or unauthorized
and resolve any issues that may arise. dissemination (leakage) reported by either
buyers or employees. [418-1]
84 Sustainability Report 2023
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Sustainability Governance
Product/Service
Innovation and
Development [POJK51-F.26]
During the reporting period, PT
Vale worked to develop nickel in
matte products. In the coming
years we will develop high-quality
nickel products that support the
energy transition, namely:
· Mixed Hydroxide Precipitate (MHP)
will be produced from the nickel
limonite refining and processing
plant at the Sorowako Limonite
Project and from IGP Pomalaa. MHP
production will commence in 2026,
with a projected total capacity of
60 kilotons per year in Sorowako
and 120,000 tons in Pomalaa.
The 6,969-meter · Nickel in ferronickel, produced
from the nickel ore processing
Larona Canal, one plant at IGP Morowali, which will
of the supporting commence production starting
facilities of our Larona in 2025. The total production
capacity is expected to reach 73-80
Hydropower Plant. kilotons of ferronickel per year.
85 Sustainability Report 2023
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Sustainability Governance
Support for the SDGs Through membership and sustainable initiatives with the Indonesia
Business Council for Sustainable Development (IBCSD), PT Vale
and Sustainable Mine actively contributes to designing business documents to support the
Sustainable Development Goals (SDGs). We focus on ten goals aligned
Management with the SDG Indicator Metadata from the Ministry of National
Development Planning.
Ministry of National Development Planning/Bappenas Metadata PT Vale’s Support
SDG
Target Indicator Target Strategy Achievements
Ensure sustainable food production Proportion of agricultural Eco-friendly sustainable Establishing an integrated In 2023, PT Vale’s support in
systems and implement resilient area under productive and agriculture, which promotes farming zone in Towuti integrated farming areas included
agricultural practices that increase sustainable agriculture good agricultural practices, Sub-district. the construction and rehabilitation
productivity and production, that maintains ecological of village irrigation networks in 5
help maintain ecosystems, that balance, and avoids the use villages, totaling 1,088.3 meters,
strengthen capacity for adaptation of pesticides or chemical with a budget of Rp1,498,791,000.
to climate change, extreme weather, fertilizers that can damage
drought, flooding and other soil structure and fertility
disasters and that progressively as well as the food chain.
improve land and soil quality.
Achieve universal health coverage, Coverage of essential Workers’ participation Making participation in BPJS • Achieved 100% participation in BPJS
including financial risk protection, health services. in BPJS Kesehatan. Kesehatan compulsory for PT Kesehatan for PT Vale employees.
access to quality essential healthcare Vale’s employees,and encouraging • Achieved 100% participation in
services and access to safe, effective, contractors, work partners, BPJS Kesehatan for contractor
quality and affordable essential and vendors to register their workers, partners, and vendors.
medicines and vaccines for all. workers with BPJS Kesehatan.
End all forms of discrimination against Whether or not legal frameworks An increase in the number • Implementing the • Conducted DEI Charter
all women and girls everywhere. are in place to promote, enforce of female employees and Diversity, Equity and socialization for employees
and monitor equality and non- employees with disability. Inclusion (DEI) Charter. and other stakeholders.
discrimination on the basis of sex. • Recruiting more female • Increased the proportion of female
employees and employees employees to 10.2% in 2023.
with disability, taking • Increased the proportion of disabled
into account the type of employees to 0.1% in 2023.
work to be undertaken.
86 Sustainability Report 2023
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Sustainability Governance
Ministry of National Development Planning/Bappenas Metadata PT Vale’s Support
SDG
Target Indicator Target Strategy Achievements
Expand infrastructure and upgrade Installed renewable energy Renewable energy for PT Optimizing clean energy, Utilized renewable energy from three
technology for supplying modern and generating capacity in developing Vale’s operations with 100% power stabilization, waste hydropower plants to meet 36%
sustainable energy services for all in countries (in watts per capita). clean energy generation heat utilization, solar power of operational electricity needs.
developing countries, in particular to achieve self-generated utilization, and fuel conversion.
least developed countries, small island energy by 2030.
developing States, and land-locked
developing countries, in accordance with
their respective programmes of support.
Ensure equal opportunity and reduce Proportion of human rights Raised awareness of human • Conducting awareness-raising Preserved local culture through
inequalities of outcome, including allegations handled. rights, including gender campaigns and training on collaboration with the Mekongga
by eliminating discriminatory diversity andinclusiveness human rights for employees. local communities, including the
laws, policies and practices and among leaders (supervisors • Empowering indigenous construction of a pavilion in the
promoting appropriate legislation, and above) and employees. people through the integrated Mekongga king’s tomb area to
policies and action in this regard. community empowerment support traditional activities.
and development program.
Significantly reduce the number of Number of deaths, missing To be part of an effort to Sending an emergency Provided humanitarian assistance,
deaths and thenumber of people persons and directly affected accelerate the recovery of response team to disaster including building materials, for
affected and substantially decreasethe persons attributed to disasters disaster-affected areas. areas, and distributing post-fire market rehabilitation in
direct economic losses relative to per 100,000 population. aid to disaster-affected areas. Mahalona Village, Towuti Sub-district.
global grossdomestic product caused
by disasters, includingwater-related
disasters, with a focus on protectingthe
poor and people in vulnerable situations.
Encourage companies, especially • Number of companies publishing • Sustainability reports • Standardizing reporting • Published Sustainability
large and transnational companies, sustainability reports are published regularly. according to GRI and POJK Reports annually since 2011.
to adopt sustainable practices and to • Number of companies having • ISO 14001:2015 No.51/POJK.03/2017. • Conducted ISO 14001:2015
integrate sustainability information ISO 14001 certification. certification on • Assessing ISO 14001:2015 assessments last in 2021,
into their reporting cycle. the Environmental periodically valid until 2024.
Management System
Support developing countries to Installed renewable Renewable energy for PT Optimizing clean energy, Coordinated with SKK Migas
strengthen their scientific and energygenerating capacity Vale’s operations with 100% power stabilization, waste for liquefied natural gas (LNG)
technological capacity to move in developing countries clean energy generation heat utilization, solar power supply to meet smelter needs in
towards more sustainable patterns (in watts per capita) to achieve self-generated utilization, and fuel conversion. Bahodopi, Central Sulawesi.
of consumption and production energy by 2030.
87 Sustainability Report 2023
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Sustainability Governance
Ministry of National Development Planning/Bappenas Metadata PT Vale’s Support
SDG
Target Indicator Target Strategy Achievements
Integrate climate change measures into • Inventoried greenhouse gas • Toward low-carbon • Optimizing energy consumption • Reduced greenhouse gas emission
national policies, strategies (GHG), and GHG emission and carbon-neutral in the supply chain, replacing intensity by 1.09% Ton CO₂eq /
and planning. monitoring, reporting and operations by 2050. fuel with lower carbon fuel, Ton Ni from the previous year.
verification are reported in the • 33% GHG emission electrifying heavy mining
Biennial Update Report (BUR) reductions by 2030. and supporting equipment.
and National Communications. • Converting fossil fuels into
• 100% clean energy
• Total GHG emission per year, production to achieve self- renewable energy sources,
potential GHG emission generated energy by 2030. rehabilitating premined
reductions, and potentially areas, and conducting
reduced GHG emission intensity. transboundary reforestation.
Substantially reduce corruption Anti-corruption Behavior Index Raised ethical awareness • Campaigning for and conducting Conducted the following activities:
and bribery in all their forms. and continuous training on anti-corruption • Ethics & Compliance, Anti-
improvement and ethics & conduct. bribery and corruption training
• Providing the Vale for new employees.
Whistleblowing Channel • Anti-bribery & corruption
for voicing allegations and socialization for all
complaints on bribery, employees and leaders.
blackmail, and nepotism.
• Whistleblowing channel
awareness through posters,
banners, and e-flyers.
• Online code of conduct training
for all PT Vale employees.
Strengthen domestic resource Proportion of domestic budget Direct and indirect Taxes and non-state tax Total tax and NTSR payments
mobilization, including through funded by domestic taxes. contributions to local revenues paid to the regency to the East Luwu Regency
international support to developing governments. government of East Luwu include Government in 2023 amounted
countries, to improve domestic capacity locally-generated revenues, to US$15,995 thousand.
for tax and other revenue collection. transfer revenues, and other
legitimate regional revenues.
88 Sustainability Report 2023
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Appendix Appendix List of Protected Species Under the IUCN Red List [304-4][MM1] List of Protected Species Under the IUCN Red List [304-4][MM1] Local Name Species Name Protection Status Local Name Species Name Protection Status Monyet Digo Macaca ochreata Vulnerable Agathis Agathis dammara Vulnerable Rusa Timor Rusa timorensis Vulnerable Eboni Diospyros celebica Vulnerable Anoa Bubalus sp. Endangered Manggis Hutan Garcinia celebica - Babi Hutan Sus celebensis Near threatened Jambu-jambu Kjelbergiodendron celebicum - Cabai Panggul Kelabu Dicaeum celebicum Least Concern Kayu asa Lithocarpus celebicus Least Concern Cabai Panggul Kuning Dicaeum aureolimbatum Least Concern Buri Weinmannia devogelii - Elang Bondol Haliastur indus Least Concern Angsana Dillenia serrata Least Concern Elang Alap Kecil Accipiter nanus Near threatened Bayur Pterospermum celebicum Least Concern Elang Alap Nipon Accipiter gularis Least Concern Belimbing Majo Sarcotheca celebica - Elang Hitam Ictinaetus malayensis Least Concern Cenrana Pterocarpus indicus Endangered Alap-alap Sapi Falco moluccensis Least Concern Kantong Semar Maksimum Nepenthes maxima - Elang Alap Ekor Totol Accipiter trinotatus Least Concern Kantong Semar Bersungut Nepenthes tentaculata Least Concern Elang Ular Sulawesi Spilornis rufipectus Least Concern Kantong Semar Nepenthes petiolata Vulnerable Elang Tiram Pandion haliaetus Least Concern Belulang Stemonurs celebicus - Kadalan Sulawesi Rhamphococcyx calyorhynchus Least Concern Lokomomo Deplanchea bancana Least Concern Tiong Lampu Sulawesi Coracias temminckii Least Concern Kayu Mata Kucing Hopea celebica Vurnerable Kepudang Sungu Biru Coracina temminckii Least Concern Dengen Dillenia serrata Least Concern Udang Merah Sulawesi Ceyx fallax Near threatened Kumea Manilkara fasciculata Vurnerable Pelatuk Kelabu Sulawesi Mulleripicus fulvus Least Concern Knema Knema matanesis Least Concern Julang Sulawesi Rhyticeros cassidix Vulnerable Kangkareng Sulawesi Rhabdotorrhinus exarhatus Vulnerable Serindit Sulawesi Loriculus stigmatus Least Concern Kring-Kring Bukit Prioniturus platurus Least Concern Raja Perling Sulawesi Basilornis celebensis Least Concern Maleo Senkawor Macrocephalon maleo Endangered 89 Sustainability Report 2023
Page 90
Independent Assurance Statement
Independent Assurance Statement
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^ŽĐŝĂůZĞƐƉŽŶƐŝďŝůŝƚLJƐŝĂŽƌ“SRAsia”ŝƐŝƐƐƵŝŶŐĂŶ/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞ^ƚĂƚĞŵĞŶƚ(“theStatement”) ĂŶĚͬŽƌĂƵĚŝƚĞĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͕ĚĂƚĂ͕ĂŶĚŝŶĨŽƌŵĂƚŝŽŶ͘
ŽĨƚŚĞϮϬϮϯ^ƵƐƚĂŝŶĂďŝůŝƚLJZĞƉŽƌƚ(“the Report”) of WdsĂůĞ/ŶĚŽŶĞƐŝĂdďŬ(“theCompany”). The Company ϱ͘ ĚŚĞƌĞŶĐĞƚŽƚŚĞĨŽůůŽǁŝŶŐƌĞƉŽƌƚŝŶŐƉƌŝŶĐŝƉůĞƐ͕ƐƚĂŶĚĂƌĚƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͗
ŝƐĂĐŽŵƉĂŶLJǁŚŝĐŚŽƉĞƌĂƚĞƐŝŶƚŚĞŵŝŶŝŶŐƐĞĐƚŽƌ͕ƐƉĞĐŝĨŝĐĂůůLJŝŶŝŶƚĞŐƌĂƚĞĚŶŝĐŬĞůƉƌŽĐĞƐƐŝŶŐ͘dŚĞZĞƉŽƌƚ ĂͿ ŽŶƐŽůŝĚĂƚĞĚƐĞƚŽĨ'Z/^ƵƐƚĂŝŶĂďŝůŝƚLJZĞƉŽƌƚŝŶŐ^ƚĂŶĚĂƌĚƐϮϬϮϭ;'Z/hŶŝǀĞƌƐĂů^ƚĂŶĚĂƌĚͿĂŶĚ'Z/
ƉƌĞƐĞŶƚƐƚŚĞĐŽŵŵŝƚŵĞŶƚĂŶĚĞĨĨŽƌƚƐŽĨƚŚĞŽŵƉĂŶLJŝŶŵĂŶĂŐŝŶŐŝƚƐƐƵƐƚĂŝŶĂďŝůŝƚLJƉĞƌĨŽƌŵĂŶĐĞĨŽƌƚŚĞ 'ϰDŝŶŝŶŐĂŶĚDĞƚĂůƐ^ĞĐƚŽƌ^ƵƉƉůĞŵĞŶƚ;'Z/Ͳ'ϰDDͿŝƐƐƵĞĚďLJƚŚĞ'ůŽďĂůZĞƉŽƌƚŝŶŐ/ŶŝƚŝĂƚŝǀĞ͘
ƌĞƉŽƌƚŝŶŐ ƉĞƌŝŽĚ ŽĨ :ĂŶƵĂƌLJ ϭƐƚ ƚŽ ĞĐĞŵďĞƌ ϯϭƐƚ͕ ϮϬϮϯ͘ Ɛ ĂŐƌĞĞĚ ǁŝƚŚ DĂŶĂŐĞŵĞŶƚ͕ ^Z Asia’s ďͿ ^ƵƐƚĂŝŶĂďŝůŝƚLJ ĐĐŽƵŶƚŝŶŐ ^ƚĂŶĚĂƌĚ ĨŽƌ DĞƚĂůƐ ĂŶĚ DŝŶŝŶŐ ; DͲDDͿ ϮϬϮϭ ŝƐƐƵĞĚ ďLJ ƚŚĞ
ƌĞƐƉŽŶƐŝďŝůŝƚLJŝƐƚŽŵĂŬĞĂŶĂƐƐĞƐƐŵĞŶƚďĂƐĞĚŽŶƚŚĞĚĂƚĂĂŶĚĐŽŶƚĞŶƚŽĨƚŚĞZĞƉŽƌƚĨŽƌƚŚĞLJĞĂƌ͘ ^ƵƐƚĂŝŶĂďŝůŝƚLJĐĐŽƵŶƚŝŶŐ^ƚĂŶĚĂƌĚŽĂƌĚ;^^Ϳ͘
ĐͿ ZĞŐƵůĂƚŝŽŶŽĨKƚŽƌŝƚĂƐ:ĂƐĂ<ĞƵĂŶŐĂŶ;K:<ͿEŽ͘ϱϭͬWK:<͘ϬϯͬϮϬϭϳƌĞŐĂƌĚŝŶŐƚŚĞ/ŵƉůĞŵĞŶƚĂƚŝŽŶŽĨ
/ŶƚĞŶĚĞĚhƐĞƌĂŶĚWƵƌƉŽƐĞ ^ƵƐƚĂŝŶĂďůĞ&ŝŶĂŶĐĞĨŽƌ&ŝŶĂŶĐŝĂů^ĞƌǀŝĐĞ/ŶƐƚŝƚƵƚŝŽŶƐ͕>ŝƐƚĞĚ͕ĂŶĚWƵďůŝĐŽŵƉĂŶŝĞƐ;WK:<ϱϭͿǁŝƚŚ
dŚĞ ƉƵƌƉŽƐĞ ŽĨ ƚŚĞ ^ƚĂƚĞŵĞŶƚ ŝƐ ƚŽ ƉƌĞƐĞŶƚ ŽƵƌ ŽƉŝŶŝŽŶ ŝŶĐůƵĚŝŶŐ ƚŚĞ ĨŝŶĚŝŶŐƐ ĂŶĚ ƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ƌĞĨĞƌĞŶĐĞƚŽK:<ŝƌĐƵůĂƌ>ĞƚƚĞƌ;^ K:<ͿϮϬϮϮEŽ͘ϭϲͬ^ K:<͘ϬϰͬϮϬϮϭ͘
based on the results of assurance work to the Company’s stakeholders. The Assurance Team inĂĐĐŽƌĚĂŶĐĞ
ǁŝƚŚƐƉĞĐŝĨŝĐƉƌŽĐĞĚƵƌĞƐĂŶĚĂƐƉĞĐŝĨŝĐƐĐŽƉĞŽĨǁŽƌŬĐĂƌƌŝĞĚŽƵƚƚŚĞĂƐƐĞƐƐŵĞŶƚ͘ džĐĞƉƚĨŽƌƚŚĞĂƌĞĂƐ džĐůƵƐŝŽŶ
ĐŽǀĞƌĞĚŝŶƚŚĞƐĐŽƉĞŽĨƚŚĞĂƐƐƵƌĂŶĐĞ͕ǁĞĞŶĐŽƵƌĂŐĞĂůůEKdƚŽƐŽůĞůLJŝŶƚĞƌƉƌĞƚƚŚĞ^ƚĂƚĞŵĞŶƚĂƐƚŚĞďĂƐŝƐ ϭ͘ dŚĞĞdžƉƌĞƐƐŝŽŶŽĨŽƉŝŶŝŽŶ͕ďĞůŝĞĨ͕ĞdžƉĞĐƚĂƚŝŽŶ͕ĂĚǀĞƌƚŝƐĞŵĞŶƚ͕ĂŶĚĂůƐŽĨŽƌǁĂƌĚͲůŽŽŬŝŶŐƐƚĂƚĞŵĞŶƚƐ͕
ƚŽĐŽŶĐůƵĚĞƚŚĞCompany’sŽǀĞƌĂůůƐƵƐƚĂŝŶĂďŝůŝƚLJƉĞƌĨŽƌŵĂŶĐĞ͘ ŝŶĐůƵĚŝŶŐĨƵƚƵƌĞƉůĂŶŶŝŶŐŽĨƚŚĞŽŵƉĂŶLJĂƐƐƉĞĐŝĨŝĞĚŝŶƚŚĞZĞƉŽƌƚĐŽŶƚĞŶƚ͘
Ϯ͘ ŶĂůLJƐŝƐŽƌĂƐƐĞƐƐŵĞŶƚĂŐĂŝŶƐƚƌĞŐƵůĂƚŝŽŶƐ͕ƉƌŝŶĐŝƉůĞƐ͕ƐƚĂŶĚĂƌĚƐ͕ŐƵŝĚĞůŝŶĞƐ͕ĂŶĚŝŶĚŝĐĂƚŽƌƐŽƚŚĞƌ
ZĞƐƉŽŶƐŝďŝůŝƚŝĞƐ ƚŚĂŶƚŚŽƐĞŝŶĚŝĐĂƚĞĚŝŶƚŚĞ^ƚĂƚĞŵĞŶƚ͘
KƵƌƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐƚŽƚŚĞDĂŶĂŐĞŵĞŶƚĂƌĞƚŽĞǀĂůƵĂƚĞƚŚĞZĞƉŽƌƚĐŽŶƚĞŶƚ͕ĐŽŵĞƵƉǁŝƚŚĨŝŶĚŝŶŐƐĂŶĚ ϯ͘ dŽƉŝĐƐ͕ĚĂƚĂ͕ĂŶĚŝŶĨŽƌŵĂƚŝŽŶŽƵƚƐŝĚĞƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͕ŽƌŝŶƚŚĞƉƵďůŝĐĚŽŵĂŝŶŶŽƚĐŽǀĞƌĞĚŝŶ
ƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐ͕ĂŶĚŝƐƐƵĞƚŚĞ^ƚĂƚĞŵĞŶƚ͘tĞĂƌĞĂůƐŽƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŵŝŶŐƵƉǁŝƚŚĐŽŶĐůƵƐŝŽŶƐĂŶĚ ƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͘
ƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ďĂƐĞĚ ŽŶ ƚŚĞ ĂŐƌĞĞĚ ƐƚĂŶĚĂƌĚƐ͕ ŵĞƚŚŽĚƐ͕ ĂŶĚ ĂƉƉƌŽĂĐŚĞƐ͘ ,ĞŶĐĞ͕ ^Z ƐŝĂ ŝƐ ŽŶůLJ ϰ͘ &ŝŶĂŶĐŝĂůƉĞƌĨŽƌŵĂŶĐĞĚĂƚĂĂŶĚŝŶĨŽƌŵĂƚŝŽŶĂƐƉƌĞƐĞŶƚĞĚŝŶƚŚĞCompany’sĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ
ĞǀĂůƵĂƚĞĚĨŽƌƚŚĞůĂƚĞƐƚƌĞĐĞŝǀĞĚĞĚŝƚŽƌŝĂůĂŶĚĚĂƚĂŽŶƚŚĞĨŝŶĂůĚƌĂĨƚĂƐŽĨƉƌŝůϭϱƚŚ͕ϮϬϮϰ͘^ZƐŝĂŝƐŽŶůLJ ĂŶĚĚŽĐƵŵĞŶƚƐ͕ŽƚŚĞƌƚŚĂŶƚŚŽƐĞŵĞŶƚŝŽŶĞĚŝŶƚŚĞZĞƉŽƌƚ͘
ƌĞƐƉŽŶƐŝďůĞĨŽƌĚĞůŝǀĞƌŝŶŐĂƐƐƵƌĂŶĐĞǁŽƌŬ͕EKdĂŶĂƵĚŝƚ͕ďLJĨŽůůŽǁŝŶŐƚŚĞEŽŶͲŝƐĐůŽƐƵƌĞŐƌĞĞŵĞŶƚ͕ƚŚĞ
ƐƐƵƌĂŶĐĞ ŶŐĂŐĞŵĞŶƚ ŐƌĞĞŵĞŶƚ͕ ZĞƉƌĞƐĞŶƚĂƚŝŽŶ >ĞƚƚĞƌ͕ ĂŶĚ ^ƵďƐĞƋƵĞŶƚ ǀĞŶƚ dĞƐƚŝŶŐ͘ dŚĞ
DĞƚŚŽĚŽůŽŐLJĂŶĚ^ŽƵƌĐĞŝƐĐůŽƐƵƌĞ
DĂŶĂŐĞŵĞŶƚŚĂƐŝƚƐƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƚŚĞƉƌĞƐĞŶƚĂƚŝŽŶŽĨĚĂƚĂ͕ŝŶĨŽƌŵĂƚŝŽŶ͕ĂŶĚĚŝƐĐůŽƐƵƌĞƐŝŶƚŚĞ
ϭ͘ &Žƌŵ ĂŶ ƐƐƵƌŽƌ dĞĂŵ ǁŚŽƐĞ ŵĞŵďĞƌƐ ĂƌĞ ĐĂƉĂďůĞ ŝŶ ƐƵƐƚĂŝŶĂďŝůŝƚLJ ƌĞƉŽƌƚ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ
ZĞƉŽƌƚĐŽŶƚĞŶƚ͘ dŚĞƌĞĨŽƌĞ͕ ĂŶLJ ƉĂƌƚŝĞƐ ǁŚŽ ĚĞƉĞŶĚ ŽŶ ƚŚĞ ZĞƉŽƌƚ ĂŶĚ ƚŚŝƐ ^ƚĂƚĞŵĞŶƚ ƐŚĂůů ďĞĂƌ ĂŶĚ
ĂƐƐƵƌĂŶĐĞ͘
ŵĂŶĂŐĞƚŚĞŝƌƌŝƐŬƐ͘
Ϯ͘ WĞƌĨŽƌŵ ƚŚĞ ƉƌĞͲĞŶŐĂŐĞŵĞŶƚ ƉŚĂƐĞ ƚŽ ĞŶƐƵƌĞ ƚŚĞ ŝŶĚĞƉĞŶĚĞŶĐĞ ĂŶĚ ŝŵƉĂƌƚŝĂůŝƚLJ ŽĨ ƚŚĞ ƐƐƵƌŽƌ
/ŶĚĞƉĞŶĚĞŶĐĞ͕/ŵƉĂƌƚŝĂůŝƚLJ͕ĂŶĚŽŵƉĞƚĞŶĐLJ dĞĂŵ͘
^Z ƐŝĂ ĐŽŶĨŝƌŵƐ EK ƌĞůĂƚŝŽŶƐŚŝƉƐ ďĞƚǁĞĞŶ ƚŚĞ ĂƐƐƵƌŽƌ ƚĞĂŵ ĂŶĚ ƚŚĞ ĐůŝĞŶƚƐ ƚŚĂƚ ĐĂŶ ŝŶĨůƵĞŶĐĞ ƚŚĞŝƌ ϯ͘ ,ŽůĚ Ă ŬŝĐŬͲŽĨĨ ŵĞĞƚŝŶŐ ĂŶĚ ŝŶŝƚŝĂů ĂŶĂůLJƐŝƐ ŽĨ ƚŚĞ ZĞƉŽƌƚ ĚƌĂĨƚ ďĂƐĞĚ ŽŶ ƚŚĞ ^Z ƐŝĂ WƌŽƚŽĐŽů ŽŶ
ŝŶĚĞƉĞŶĚĞŶĐĞĂŶĚŝŵƉĂƌƚŝĂůŝƚLJƚŽĐŽŶĚƵĐƚƚŚĞĂƐƐĞƐƐŵĞŶƚĂŶĚŐĞŶĞƌĂƚĞƚŚĞ^ƚĂƚĞŵĞŶƚƐ͘dŚĞĂƐƐƵƌŽƌƚĞĂŵ ƐƐƵƌĂŶĐĞŶĂůLJƐŝƐ ƌĞĨĞƌƐ ƚŽ ƚŚĞ ƐƚĂŶĚĂƌĚƐ͕ ƉƌŝŶĐŝƉůĞƐ͕ ĂŶĚ ŝŶĚŝĐĂƚŽƌƐŽĨϭϬϬϬ^ǀϯ͕ ϭϬϬϬW^
ŝƐŵĂŶĚĂƚĞĚƚŽĨŽůůŽǁĂƉĂƌƚŝĐƵůĂƌĂƐƐƵƌĂŶĐĞƉƌŽƚŽĐŽůĂŶĚƉƌŽĨĞƐƐŝŽŶĂůĞƚŚŝĐĂůĐŽĚĞŽĨĐŽŶĚƵĐƚƚŽĞŶƐƵƌĞ ;ϮϬϭϴͿ͕ĂŶĚƐƚĂŶĚĂƌĚƐͬƌĞŐƵůĂƚŝŽŶƐƵƐĞĚŝŶƚŚĞZĞƉŽƌƚ͘
ƚŚĞŝƌŽďũĞĐƚŝǀŝƚLJĂŶĚŝŶƚĞŐƌŝƚLJ͘tĞĐĂƌƌŝĞĚŽƵƚĂƉƌĞͲĞŶŐĂŐĞŵĞŶƚĂƐƐĞƐƐŵĞŶƚďĞĨŽƌĞƚŚĞĂƐƐƵƌĂŶĐĞǁŽƌŬ ϰ͘ ŝƐĐƵƐƐŽŶůŝŶĞƚŚĞƌĞƐƵůƚƐŽĨƚŚĞĂŶĂůLJƐŝƐǁŝƚŚƚŚĞDĂŶĂŐĞŵĞŶƚĂŶĚĚĂƚĂĐŽŶƚƌŝďƵƚŽƌƐ͘
ǁĂƐƚĂŬĞŶƚŽǀĞƌŝĨLJƚŚĞƌŝƐŬƐŽĨĞŶŐĂŐĞŵĞŶƚĂƐǁĞůůĂƐƚŚĞŝŶĚĞƉĞŶĚĞŶĐĞĂŶĚŝŵƉĂƌƚŝĂůŝƚLJŽĨƚŚĞƚĞĂŵ͘dŚĞ ϱ͘ ŝƐĐƵƐƐŽŶůŝŶĞƚŚĞƌĞƐƵůƚƐŽĨƚŚĞĂŶĂůLJƐŝƐǁŝƚŚƚŚĞDĂŶĂŐĞŵĞŶƚĂŶĚĚĂƚĂĐŽŶƚƌŝďƵƚŽƌƐ͘
ĂƐƐƵƌŽƌƚĞĂŵŵĞŵďĞƌƐŚĂǀĞŬŶŽǁůĞĚŐĞŽĨ/^KϮϲϬϬϬ͕ϭϬϬϬĐĐŽƵŶƚďŝůŝƚLJƐƚĂŶĚĂƌĚƐĂŶĚƉƌŝŶĐŝƉůĞƐ͕ ϲ͘ sĞƌŝĨLJĞǀŝĚĞŶĐĞĂŶĚƚƌĂĐĞĚĂƚĂĂŶĚŝŶĨŽƌŵĂƚŝŽŶĂƐĐŽǀĞƌĞĚŝŶƚŚĞZĞƉŽƌƚ͘
ĂŶĚ ĂůƐŽ ŚĂǀĞ ĞdžƉĞƌŝĞŶĐĞ ŝŶ ƐƵƐƚĂŝŶĂďŝůŝƚLJ ƌĞƉŽƌƚ ĂƐƐĞƐƐŵĞŶƚ ďĂƐĞĚ ŽŶ ǀĂƌŝŽƵƐ ƌĞƉŽƌƚŝŶŐ ƌĞŐƵůĂƚŝŽŶƐ͕ ϳ͘ dŚĞŽŵƉĂŶLJŝŶĐŽƌƉŽƌĂƚĞĚŽƵƌƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐŝŶƚŚĞĚƌĂĨƚZĞƉŽƌƚĂŶĚƌĞůĞĂƐĞƚŚĞĨŝŶĂůZĞƉŽƌƚ
ƐƚĂŶĚĂƌĚƐ͕ĂŶĚƉƌŝŶĐŝƉůĞƐ͕ƐƵĐŚĂƐWK:<EŽ͘ϱϭͬWK:<ͬϬϯͬϮϬϭϳ;WK:<ϱϭͿƌĞŐƵůĂƚŝŽŶ͕ŝƌĐƵůĂƌ>ĞƚƚĞƌŽĨK:< ĐŽŶƚĞŶƚ͘
;^ K:<EŽ͘ϭϲͬ^ K:<͘ϬϯͬϮϬϮϭͿ͕'Z/^ƚĂŶĚĂƌĚϮϬϮϭŽŶƐŽůŝĚĂƚĞĚ͕ĂŶĚ^^DĞƚĂůƐĂŶĚDŝŶŝŶŐ͘ ϴ͘ WƌĞƉĂƌĞƚŚĞ^ƚĂƚĞŵĞŶƚĂŶĚƐĞŶĚŝƚƚŽ^ZƐŝĂ/ŶƚĞƌŶĂƚŝŽŶĂůŝƌĞĐƚŽƌĨŽƌƌĞǀŝĞǁƚŽŐĞƚĂƉƉƌŽǀĂůďĞĨŽƌĞ
ƐƵďŵŝƚƚŝŶŐŝƚƚŽƚŚĞŽŵƉĂŶLJ͘
^ZƐŝĂ/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞ^ƚĂƚĞŵĞŶƚ͕ǀĞƌƐŝŽŶϮϬϮϰ͕ƉĂŐĞϭŽĨϱ ^ZƐŝĂ/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞ^ƚĂƚĞŵĞŶƚ͕ǀĞƌƐŝŽŶϮϬϮϰ͕ƉĂŐĞϮŽĨϱ
90 Sustainability Report 2023
Page 91
Appendix
Independent Assurance Statement
ϵ͘ WƌĞƉĂƌĞĂDĂŶĂŐĞŵĞŶƚ>ĞƚƚĞƌĚĞƚĂŝůŝŶŐĂůůĂƐƉĞĐƚƐƐĞĞŶ͕ƌĞĐŽƌĚĞĚ͕ĂŶĚŽďƐĞƌǀĞĚĚƵƌŝŶŐƚŚĞĂƐƐƵƌĂŶĐĞ dLJƉĞϮƐƐƵƌĂŶĐĞ –KǀĞƌĂůů͕ĨŽƌƚŚĞ ƐƉĞĐŝĨŝĐ ƚŽƉŝĐŽĨĞŵŝƐƐŝŽŶƐĐŽŶƚƌŽů͕ĞŶĞƌŐLJƵƐĂŐĞĚ͕ĂŶĚ ĚŝǀĞƌƐŝƚLJ ĂŶĚ
ǁŽƌŬƚŽƚŚĞDĂŶĂŐĞŵĞŶƚŽĨƚŚĞŽŵƉĂŶLJĨŽƌĨƵƌƚŚĞƌŝŵƉƌŽǀĞŵĞŶƚŽĨƐƵƐƚĂŝŶĂďŝůŝƚLJƉƌŽĐĞƐƐĞƐ͘ ĞƋƵĂůŝƚLJ͕ ƚŚĞ ŽŵƉĂŶLJ ĂůƌĞĂĚLJ ŚĂƐ Ă ƐƵĨĨŝĐŝĞŶƚ ƉƌŽĐĞĚƵƌĞ ĂŶĚ ŵĞĐŚĂŶŝƐŵ ƚŽ ŵĂŶĂŐĞ͘ EĞǀĞƌƚŚĞůĞƐƐ͕ ƚŚĞ
ŽŵƉĂŶLJ ŶĞĞĚ ƚŽ ŝŵƉƌŽǀĞ ƚŚĞŝƌ ĐŽŵŵŝƚŵĞŶƚ ƚŽ ƐƚĂďůĞ ĞŵŝƐƐŝŽŶ ƌĞĚƵĐƚŝŽŶ ƐƚƌĂƚĞŐŝĞƐ ĐŽŵƉĂƌĞ ƚŽ ƚŚĞŝƌ
ĚŚĞƌĞŶĐĞƚŽϭϬϬϬW;ϮϬϭϴͿĂŶĚ'Z/hŶŝǀĞƌƐĂů^ƚĂŶĚĂƌĚƐ ďĂƐĞůŝŶĞ ĂŶĚ ĞŶŚĂŶĐĞ ƚŚĞ ďĂůĂŶĐĞĚ ŐĞŶĚĞƌ ƌĞƉƌĞƐĞŶƚĂƚŝŽŶ ŝŶ ƚŚĞ ŽŵƉĂŶLJ ďLJ ŵĂŬĞ ĨƵƌƚŚĞƌ ĞĨĨŽƌƚƐ ƚŽ
ŝŶĐƌĞĂƐĞƚŚĞƉƌŽƉŽƌƚŝŽŶŽĨĨĞŵĂůĞĞŵƉůŽLJĞĞƐ͘
/ŶĐůƵƐŝǀŝƚLJ – ZĞŐĂƌĚŝŶŐ ƚŚĞ ŝŶǀŽůǀĞŵĞŶƚ ŽĨ ƐƚĂŬĞŚŽůĚĞƌƐ͕ ƚŚĞ ŽŵƉĂŶLJ ŚĂƐ ƉĞƌĨŽƌŵĞĚ ƐƵĨĨŝĐŝĞŶƚ͘
ŶŐĂŐĞŵĞŶƚŚĂƐĐŽŶĚƵĐƚĞĚǁŝƚŚďŽƚŚŝŶƚĞƌŶĂůĂŶĚĞdžƚĞƌŶĂůƐƚĂŬĞŚŽůĚĞƌƐ͘dŚĞŽŵƉĂŶLJŚĂƐĂůƐŽĞŶŐĂŐĞĚ ZĞĐŽŵŵĞŶĚĂƚŝŽŶ
ǁŝƚŚůŽĐĂůĐŽŵŵƵŶŝƚŝĞƐďLJŝŶǀŽůǀŝŶŐƚŚĞŵĂƐĞŵƉůŽLJĞĞƐĂƐĚĞĨŝŶĞĚďLJƚŚĞŽŵƉĂŶLJ͘tĞĂĐŬŶŽǁůĞĚŐĞ ϭ͘ dŽĐŽŶĚƵĐƚ ĂƚŚŽƌŽƵŐŚĂƐƐĞƐƐŵĞŶƚ ŽĨ^ĐŽƉĞ ϯĞŵŝƐƐŝŽŶƐ͕ŝŶĐůƵĚŝŶŐŝŶĚŝƌĞĐƚ ĞŵŝƐƐŝŽŶƐĨƌŽŵŝƚƐ ǀĂůƵĞ
ƚŚĂƚƚŚĞŽŵƉĂŶLJŚĂƐĞdžƉůĂŝŶĞĚƚŚĞƐƉĞĐŝĨŝĐƚŽƉŝĐƐĚŝƐĐƵƐƐĞĚǁŝƚŚƐƚĂŬĞŚŽůĚĞƌƐ͘dŚĞŽŵƉĂŶLJŚĂƐĂůƐŽ ĐŚĂŝŶ͕ ƚŽ ďĞƚƚĞƌ ƵŶĚĞƌƐƚĂŶĚ ŝƚƐ ĨƵůů ĐĂƌďŽŶ ĨŽŽƚƉƌŝŶƚ ĂŶĚ ŝĚĞŶƚŝĨLJ ĂƌĞĂƐ ĨŽƌ ĂĚĚŝƚŝŽŶĂů ĞŵŝƐƐŝŽŶ
ĐŽŶĚƵĐƚĞĚŝĚĞŶƚŝĨŝĐĂƚŝŽŶďĂƐĞĚŽŶĐŽŵŵƵŶŝĐĂƚŝŽŶƉŽůŝĐŝĞƐĂŶĚƐŽĐŝĂůĐŽŶƚƌŽůƐLJƐƚĞŵƐ͘ ƌĞĚƵĐƚŝŽŶƐ͘
Ϯ͘ dŽŬĞĞƉƉƌŝŽƌŝƚŝnjĞĚĞǀĞůŽƉŝŶŐĂŶĚŝŵƉůĞŵĞŶƚŝŶŐƐƚĂďůĞĞŵŝƐƐŝŽŶƌĞĚƵĐƚŝŽŶƐƚƌĂƚĞŐŝĞƐ͘
DĂƚĞƌŝĂůŝƚLJ–dŚĞZĞƉŽƌƚΖƐĐŽŶƚĞŶƚĐŽǀĞƌƐĂůůƌĞůĞǀĂŶƚƐƵďũĞĐƚƐĂŶĚƉƌŽǀŝĚĞƐĂƚŚŽƌŽƵŐŚĞdžƉůĂŶĂƚŝŽŶŽĨ ϯ͘ dŽĚĞǀĞůŽƉĂŵŽƌĞĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƌĂƚĞŐLJƚŽŝŵƉƌŽǀĞĚŝǀĞƌƐŝƚLJĂŶĚŝŶĐůƵƐŝŽŶŝŶƚŚĞǁŽƌŬƉůĂĐĞ͕ŝŶĐůƵĚŝŶŐ
ƚŚĞ ŽŵƉĂŶLJΖƐ ƐƵƐƚĂŝŶĂďŝůŝƚLJ ŝƐƐƵĞ͘ tĞ ĂůƐŽ ĂƉƉƌĞĐŝĂƚĞ ƚŚĂƚ ƚŚĞ ŽŵƉĂŶLJ ĐŽŶĚƵĐƚĞĚ ĚŝƐĐƵƐƐŝŽŶƐ ĂŶĚ ŝŶĐƌĞĂƐŝŶŐƌĞĐƌƵŝƚŵĞŶƚŽĨĨĞŵĂůĞĞŵƉůŽLJĞĞƐ͕ůŽĐĂůǁŽƌŬĞƌĂŶĚƉĞŽƉůĞǁŝƚŚĚŝƐĂďŝůŝƚŝĞƐ͘
ĐĂƌƌŝĞĚŽƵƚĂƐƵƌǀĞLJǁŝƚŚďŽƚŚŝŶƚĞƌŶĂůĂŶĚĞdžƚĞƌŶĂůƐƚĂŬĞŚŽůĚĞƌƐŝŶŽƌĚĞƌƚŽĚĞĨŝŶĞƚŚĞŵĂƚĞƌŝĂůƚŽƉŝĐƐŽĨ ϰ͘ dŽĐŽŶĚƵĐƚĂŶĂŶĂůLJƐŝƐƚŽƵŶĚĞƌƐƚĂŶĚƚŚĞƌĞĂƐŽŶƐďĞŚŝŶĚƚŚĞĚĞĐƌĞĂƐĞŝŶůŽĐĂůǁŽƌŬĞƌƐĂŶĚƚĂŬĞƐƚĞƉƐ
ƚŚĞƌĞƉŽƌƚ͘ ƚŽĂĚĚƌĞƐƐŝƚŝĨƚŚĞĚĞĐƌĞĂƐĞŝƐƵŶĚĞƐŝƌĂďůĞ͘
ZĞƐƉŽŶƐŝǀĞŶĞƐƐ – Ɛ ƐƚĂƚĞĚ ŝŶ ƚŚĞ ZĞƉŽƌƚ͕ ƚŚĞ ŽŵƉĂŶLJ ĞdžƉůĂŝŶƐ ƚŚĞ ĂĐƚŝŽŶƐ ƚĂŬĞŶ ďĂƐĞĚ ŽŶ ƚŚĞ
ĐŽŵƉůĂŝŶƚƐƌĞĐĞŝǀĞĚ͘dŚĞŽŵƉĂŶLJĂůƐŽŚĂƐĂĐŽŵƉůĂŝŶƚŵĞĐŚĂŶŝƐŵĂŶĚƐLJƐƚĞŵ;sĂůĞtŚŝƐƚůĞůŽǁŝŶŐ
^LJƐƚĞŵͿƚŚĂƚĐĂŶďĞĂĐĐĞƐƐĞĚŝŶƚĞƌŶĂůůLJĂŶĚĞdžƚĞƌŶĂůůLJ͘&ƵƌƚŚĞƌŵŽƌĞ͕ƚŚĞŽŵƉĂŶLJĂůƐŽĐŽŶĚƵĐƚƐĨŽĐƵƐ dŚĞĂƐƐƵƌĂŶĐĞƉƌŽǀŝĚĞƌ͕
ŐƌŽƵƉ ĚŝƐĐƵƐƐŝŽŶƐ ǁŝƚŚ Ăůů ƐƚĂŬĞŚŽůĚĞƌƐ ƚŽ ĨŝŶĚ ƐŽůƵƚŝŽŶƐ ƚŽ ŵĂƚƚĞƌƐ ŽĨ ŵƵƚƵĂů ĐŽŶĐĞƌŶ ƌĞŐĂƌĚŝŶŐ ƚŚĞ :ĂŬĂƌƚĂ͕ƉƌŝůϮϮŶĚϮϬϮϰ
ŽŵƉĂŶLJΖƐŽƉĞƌĂƚŝŽŶĂůĂĐƚŝǀŝƚŝĞƐ͘
/ŵƉĂĐƚ–ĂƐĞĚŽŶŽƵƌĂƐƐƵƌĂŶĐĞǁŽƌŬ͕ǁĞĐŽŶĐůƵĚĞƚŚĂƚƚŚĞŽŵƉĂŶLJŚĂƐĂůƌĞĂĚLJƐƵĨĨŝĐŝĞŶƚĂĚŚĞƌĞŶĐĞ
ƚŽ ŐŽŽĚ ŵŝŶŝŶŐ ƉƌĂĐƚŝĐĞ ŝŶ /ŶĚŽŶĞƐŝĂ͘ /ƚ ŝƐ ŝŶĚŝĐĂƚĞƐ ĨƌŽŵ ƚŚĞ ĞŶǀŝƌŽŶŵĞŶƚĂů ĂƐƉĞĐƚ͕ƚŚĞ ŽŵƉĂŶLJ ŚĂƐ
ƌĞĚƵĐĞĚ ƚŽƚĂů ŐƌĞĞŶŚŽƵƐĞ ŐĂƐ ĞŵŝƐƐŝŽŶƐ ĂŶĚ ĐĂƌƌŝĞĚ ŽƵƚ ůĂŶĚ ƌĞĐůĂŵĂƚŝŽŶ ĂŶĚ ƌĞŚĂďŝůŝƚĂƚŝŽŶ ĂĐƚŝǀŝƚŝĞƐ
ďĞLJŽŶĚŝƚƐŽƉĞƌĂƚŝŽŶĂůĂƌĞĂƐ͕ŝŶĐůƵĚŝŶŐƌĞĨŽƌĞƐƚĂƚŝŽŶĂŶĚƚŚĞĐŽŵŵƵŶŝƚLJĚĞǀĞůŽƉŵĞŶƚǁŚŝĐŚƉƌŽǀŝĚĞƐ >ŝŵ,ĞŶĚƌĂ
ƐŽĐŝĂů ďĞŶĞĨŝƚƐ͘ /Ŷ ƐŽĐŝĂů ĂƐƉĞĐƚ͕ ƚŚĞ ŽŵƉĂŶLJ ŚĂƐ ŝŵƉƌŽǀĞĚ ĐŽŵƉůŝĂŶĐĞ ǁŝƚŚ ŽĐĐƵƉĂƚŝŽŶĂů ŚĞĂůƚŚ ĂŶĚ ŽƵŶƚƌLJŝƌĞĐƚŽƌĨŽƌ/ŶĚŽŶĞƐŝĂ
ƐĂĨĞƚLJ;K,^ͿƐƚĂŶĚĂƌĚƐ͕ĂƐƌĞĨůĞĐƚĞĚŝŶƚŚĞŝŶĐƌĞĂƐĞĚĐŽŵƉůŝĂŶĐĞƌĂƚĞŝŶϮϬϮϯ͘dŚĞŽŵƉĂŶLJĂůƐŽĞŶŐĂŐĞĚ ^ŽĐŝĂůZĞƐƉŽŶƐŝďŝůŝƚLJƐŝĂ
ǁŝƚŚůŽĐĂůĂŶĚŶĂƚŝŽŶĂůƐƵƉƉůŝĞƌƐŝŶŝƚƐƐƵƉƉůLJĐŚĂŝŶ͕ǁŚŝĐŚĐŽŶƚƌŝďƵƚĞƐƚŽĞĐŽŶŽŵŝĐǀĂůƵĞĐƌĞĂƚŝŽŶ͘&ƵƌƚŚĞƌ͕
ǁĞ ĂƉƉƌĞĐŝĂƚĞ ƚŚĂƚ ƚŚŝƐ LJĞĂƌ͕ ƚŚĞ ŽŵƉĂŶLJ ŚĂƐ ĐŽŵƉůĞƚĞĚ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ Ă DĂƐƚĞƌ WůĂŶ ĨŽƌ
ŽŵŵƵŶŝƚLJ ĞǀĞůŽƉŵĞŶƚ ĂŶĚ ŵƉŽǁĞƌŵĞŶƚ WƌŽŐƌĂŵƐ ;W<WDͿ͕ ŝŶǀŽůǀŝŶŐ ǀĂƌŝŽƵƐ ĂƐƉĞĐƚƐ ƐƵĐŚ ĂƐ ^ŽĐŝĂůZĞƐƉŽŶƐŝďŝůŝƚLJƐŝĂ;^ZƐŝĂͿ
ĞĚƵĐĂƚŝŽŶ͕ŚĞĂůƚŚ͕ĞĐŽŶŽŵLJ͕ƐŽĐŝĂůĞŶǀŝƌŽŶŵĞŶƚ͕ĂŶĚŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘dŚĞƐĞƉƌŽŐƌĂŵƐĂƌĞďĂƐĞĚŽŶŝŶƉƵƚ /ŶƚĞƌŶĂƚŝŽŶĂů
ϰ&Ͳ^ͲϮϱ͕ŶƐĂůWůĂnjĂ͕sĂŝƐŚĂůŝ͕'ŚĂnjŝĂďĂĚ;EZZĞŐŝŽŶĞůŚŝͿ͕hƚƚĂƌWƌĂĚĞƐŚϮϬϭϬϭϬ͕/E/>ĂŶĚůŝŶĞͬ
ĨƌŽŵ ĂŶĚ ĐŽůůĂďŽƌĂƚŝŽŶ ǁŝƚŚ ƐƚĂŬĞŚŽůĚĞƌƐ͕ ƚŚƵƐ ĐŽŶƚƌŝďƵƚŝŶŐ ƚŽ ƚŚĞ ĂĐŚŝĞǀĞŵĞŶƚ ŽĨ ^ƵƐƚĂŝŶĂďůĞ
DŽďŝůĞ͗нϵϭͲϭϮϬͲϰϭϬϯϬϮϯ͖нϵϭͲϭϮϬͲϲϰϱϮϬϮϬͬнϵϭͲϵϴϭϬϬϱϵϭϬϵ
ĞǀĞůŽƉŵĞŶƚ'ŽĂůƐ;^'ƐͿ͘dŚĞŽŵƉĂŶLJŚĂƐĂůƐŽĚĞǀĞůŽƉĞĚĂŶ ^'ZŽĂĚŵĂƉĨƌŽŵϮϬϮϮƚŽϮϬϮϲĂƐĂ ͲŵĂŝů͗ŝŶĨŽΛƐƌͲĂƐŝĂ͘ŽƌŐ͕tĞďƐŝƚĞ͗ǁǁǁ͘ƐƌͲĂƐŝĂ͘ŽƌŐ
ĐŽŵƉƌĞŚĞŶƐŝǀĞ ŐƵŝĚĞ ƚŽ ŵĂŶĂŐŝŶŐ ŶǀŝƌŽŶŵĞŶƚĂů͕ ^ŽĐŝĂů͕ ĂŶĚ 'ŽǀĞƌŶĂŶĐĞ ; ^'Ϳ ĂƐƉĞĐƚƐ ǁŚŝĐŚ ƐŚŽǁƐ /ŶĚŽŶĞƐŝĂ
ƚŚĞŝƌŝŵƉƌŽǀĞŵĞŶƚŝŶ ^'ŵĂŶĂŐĞŵĞŶƚ͘ Wd^ĞũĂŚƚĞƌĂZĂŵďĂŚƐŝĂ͕:ů͘dĞďĞƚĂƌĂƚĂůĂŵs///EŽ͘Ϯϱ͕:ĂŬĂƌƚĂϭϮϴϭϬ͕/EKE ^/
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^ƚĂƚĞŵĞŶƚŽĨhƐĞ͗“/ŶĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ'Z/^ƚĂŶĚĂƌĚƐ”–tĞĞǀĂůƵĂƚĞĚƚŚĞZĞƉŽƌƚĐŽŶƚĞŶƚĂŐĂŝŶƐƚƚŚĞ
'Z/ hŶŝǀĞƌƐĂů ^ƚĂŶĚĂƌĚƐ ƉƌŝŶĐŝƉůĞƐ͕ ĚŝƐĐůŽƐƵƌĞƐ͕ ĂŶĚ ƌĞƋƵŝƌĞŵĞŶƚƐ ĨŽƌ ƌĞƉŽƌƚŝŶŐ͘ dŚĞ ŽŵƉĂŶLJ ŚĂƐ
ĐŽŵƉůŝĞĚǁŝƚŚŶŝŶĞƌĞƋƵŝƌĞŵĞŶƚƐ͗ĂƉƉůLJƚŚĞƌĞƉŽƌƚŝŶŐƉƌŝŶĐŝƉůĞƐ͕ƌĞƉŽƌƚƚŚĞĚŝƐĐůŽƐƵƌĞƐŝŶ'Z/Ϯ͗'ĞŶĞƌĂů
ŝƐĐůŽƐƵƌĞƐϮϬϮϭ͕ĚĞƚĞƌŵŝŶĞŵĂƚĞƌŝĂůƚŽƉŝĐƐ͕ƌĞƉŽƌƚƚŚĞĚŝƐĐůŽƐƵƌĞƐŝŶ'Z/ϯ͗DĂƚĞƌŝĂůdŽƉŝĐƐϮϬϮϭ͕ƌĞƉŽƌƚ
ĚŝƐĐůŽƐƵƌĞƐ ĨƌŽŵ ƚŚĞ 'Z/ dŽƉŝĐ ^ƚĂŶĚĂƌĚƐ ĨŽƌ ĞĂĐŚ ŵĂƚĞƌŝĂů ƚŽƉŝĐ͕ ƉƌŽǀŝĚĞ ƌĞĂƐŽŶƐ ĨŽƌ ŽŵŝƐƐŝŽŶ ĨŽƌ
ĚŝƐĐůŽƐƵƌĞƐ ĂŶĚ ƌĞƋƵŝƌĞŵĞŶƚƐ ƚŚĂƚ ƚŚĞ ŽƌŐĂŶŝnjĂƚŝŽŶ ĐĂŶŶŽƚ ĐŽŵƉůLJ ǁŝƚŚ͕ ƉƵďůŝƐŚ Ă 'Z/ ĐŽŶƚĞŶƚ ŝŶĚĞdž͕
ƉƌŽǀŝĚĞĂƐƚĂƚĞŵĞŶƚŽĨƵƐĞ͕ĂŶĚŶŽƚŝĨLJ'Z/͘
'Z/^ƚĂŶĚĂƌĚƐWƌŝŶĐŝƉůĞƐ–ƐƚŚĞĂƐƐƵƌĂŶĐĞǁŽƌŬǁĂƐƚĂŬĞŶ͕ƚŚĞƌĞƉŽƌƚĐŽŶƚĞŶƚŝŶĚŝĐĂƚĞƐŝƚƐĂĚŚĞƌĞŶĐĞ
ƚŽ ƐƵƐƚĂŝŶĂďŝůŝƚLJ ƌĞƉŽƌƚŝŶŐ ƉƌŝŶĐŝƉůĞƐ ;ĂĐĐƵƌĂĐLJ͕ ďĂůĂŶĐĞ͕ ĐůĂƌŝƚLJ͕ ĐŽŵƉĂƌĂďŝůŝƚLJ͕ ĐŽŵƉůĞƚĞŶĞƐƐ͕
ƐƵƐƚĂŝŶĂďŝůŝƚLJĐŽŶƚĞdžƚ͕ƚŝŵĞůŝŶĞƐƐ͕ĂŶĚǀĞƌŝĨŝĂďŝůŝƚLJͿ͘dŚĞDĂŶĂŐĞŵĞŶƚƉƌŽǀŝĚĞĚƐƵĨĨŝĐŝĞŶƚƐƵƉƉŽƌƚĚƵƌŝŶŐ
ƚŚĞĂƐƐƵƌĂŶĐĞǁŽƌŬďLJƐƵďŵŝƚƚŝŶŐĞǀŝĚĞŶĐĞͬĚŽĐƵŵĞŶƚƐĂƐƌĞƋƵĞƐƚĞĚ͘
^ZƐŝĂ/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞ^ƚĂƚĞŵĞŶƚ͕ǀĞƌƐŝŽŶϮϬϮϰ͕ƉĂŐĞϯŽĨϱ ^ZƐŝĂ/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞ^ƚĂƚĞŵĞŶƚ͕ǀĞƌƐŝŽŶϮϬϮϰ͕ƉĂŐĞϰŽĨϱ
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Services Authority Circular Letter (SEOJK) Number 16/SEOJK.04/2021
Financial Services Authority Regulation (POJK) Number 51/POJK.03/2017 and Financial
Services Authority Circular Letter (SEOJK) Number 16/SEOJK.04/2021 [POJK G.4]
Index Index Index
Index Name Page Index Name Page Index Name Page
Number Number Number
Sustainability Strategy Environmental Performance Employment Aspect
A.1 Sustainability Strategy Explanation F.18 Equal employment opportunities 55
General Aspect
Performance Overview on Sustainability Aspects 23-27 The Presence or Absence of Forced Labor and
F.4 Environmental Costs Incurred 42 F.19 58
B.1 Economic Aspects 8 Child Labor
Material Aspect
B.2 Environmental Aspects 4 F.20 Regional Minimum Wage 57
F.5 Use of Environmentally Friendly Materials 39
B.3 Social Aspects 6 F.21 Decent and Safe Working Environment 59
Energy Aspect
Company Brief Profile F.22 Training and Development of Employee Skills 58
F.6 Number and Intensity of Energy Used 38-39
C.1 Vision, Mission and Sustainability values 28 Community Aspect
Efforts and Achievements of Energy Efficiency and
C.2 Company's Address 13 F.7 39-40 Impact of Operations on Surrounding
Use of Renewable Energy F.23 64
Communities
C.3 Business Scale 13 Water Aspect
F.24 Public Complaints 70-71
Products, Services, and Running Business F.8 Water Usage 48
C.4 16 Environmental Social Responsibility Activities
Activities F.25 64
Aspects of Biodiversity (CSR)
C.5 Membership of Association 17
Impacts from Operational Areas that are Responsibility Of Sustainability Products and/or
Significant Changes in Issuers and Public F.9 Adjacent to or are In Conservation Areas or Have 49 Services Development
C.6 13, 17
Companies Biodiversity
Innovation and Development of Sustainable
The Board of Directors message F.26 85
F.10 Biodiversity Conservation Efforts 41, 44 Financial Products/Services
D.1 The Board of Directors message 9-11 Emission Aspect Products/Services that the safety Have Been
F.27 84
Sustainability governance Number and Intensity of Emissions Generated by Evaluated For Customers
F.11 35, 37
E.1 Responsible for Implementing Sustainable Finance 73 Type F.28 Product/Service Impact 84
Competency Development Related to Sustainable F.12 Efforts and Achievements of Emission Reduction 35 F.29 The number of Products Withdrawn 84
E.2 75
Finance Waste and Effluent Aspects Customer Satisfaction Survey on Sustainable
F.30 84
Risk Assessment of the Implementation of F.13 Amount of Waste and Effluent Generated by Type 45-47, 49 Financial Products and/or Services
E.3 75
Sustainable Finance Others
F.14 Waste and Effluent Management Mechanism 45, 49
E.4 Relations with Stakeholders 83 Written Verification from Independent Parties
F.15 Spill Incident (if any) 45 G.1 20
Problems with the Implementation of Sustainable (if any)
E.5 78 Complaint Aspects Related to the Environment
Finance G.2 Feedback Sheet 20
Sustainability performance Number and Material of Environmental
F.16 50 Responses to Feedback on the Previous Year's
Complaints Received and Resolved G.3 20
F.1 Activities to Build A Culture of Sustainability 24 Sustainability Report
Social Performance List of Disclosures According to Financial Services
Economic performance
The Financial Service Institution, Issuer, and Public Authority Regulation Number 51/POJK.03/2017
Comparison of Targets and Production G.4 Concerning Implementation of Sustainable 92
F.17 Company’s Commitment to Provide Services for 81
Performance, Portfolio, Financing Targets, or Finance for Financial Services Institutions, Issuers,
F.2 79 Equivalent Products and/or Services to Consumer
Investments, Income As Well As Profit and Public Companies
and Loss
Comparison of Target and Portfolio Performance,
Financing Targets, or Investments in Financial Not
F.3
Instruments or Projects that are in Line with the Relevant
Implementation of Sustainability
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Services Authority Circular Letter (SEOJK) Number 16/SEOJK.04/2021
GRI Content Indeks
Statement of use PT Vale Indonesia Tbk has reported in accordance with the GRI Standards for the period January 1-December 31, 2023.
GRI 1 used GRI 1 : Foundation 2021
Applicable GRI Sector Standard(s) -
Omission
GRI Sector
GRI Standard Indicator Disclosure Page Standard
Requirement(s) Ref.No
Reason Explanation
Omitted
General Disclosure
2-1 Organizational details 13
2-2 Entities included in the organization’s sustainability reporting 19
2-3 Reporting period, frequency and contact 19
2-4 Restatements of information 20
2-5 External assurance 20
2-6 Activities, value chain and other business relationships 14-15
2-7 Employees 15
2-8 Workers who are not employees 15
2-9 Governance structure and composition 73
2-10 Nomination and selection of the highest governance body 73
2-11 Chair of the highest governance body 73
Role of the highest governance body in overseeing the
2-12 73
management of impacts
GRI 2: General 2-13 Delegation of responsibility for managing impacts 74
Disclosures 2021
2-14 Role of the highest governance body in sustainability reporting 20
2-15 Conflicts of interest 73
2-16 Communication of critical concerns 76
2-17 Collective knowledge of the highest governance body 75-76
2-18 Evaluation of the performance of the highest governance body 74
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 strategy 9-11
2-23 Policy commitments 23, 28, 51
2-24 Embedding policy commitments 24
2-25 Processes to remediate negative impacts 29
2-26 Mechanisms for seeking advice and raising concerns 75
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GRI Content Indeks
Omission
GRI Sector
GRI Standard Indicator Disclosure Page Standard
Requirement(s) Ref.No
Reason Explanation
Omitted
2-27 Compliance with laws and regulations 50,72
GRI 2: General 2-28 Membership associations 17
Disclosures 2021 2-29 Approach to stakeholder engagement 83
2-30 Collective bargaining agreements 57
3-1 Process to determine material topics 20
GRI 3: Material
3-2 List of material topics 20
Topics 2021
3-3 Management of material topics 21-22
201-1 Direct economic value generated and distributed 78
GRI 201: Economic 201-2 Financial implications and other risks due to climate change 79
Performance 2016 201-3 Defined benefit plan obligations and other retirement plans 79
201-4 Financial assistance received from government 78
Ratios of standard entry level wage by gender compared to local
GRI 202 : Market 202-1 57
minimum wage
Presence 2016
202-2 Proportion of senior management hired from the local community 14
GRI 203: Indirect 203-1 Infrastructure investment and services supported 81
Economic Impacts
2016 203-2 Significant indirect economic impact 81
GRI 204 :
Procurement 204-1 Proportion of spending on local suppliers 81-82
Practices 2016
205-1 Operations assessed for risks related to corruption 77
GRI 205: Anti- Communication and training about anti-corruption policies and
205-2 77
corruption 2016 procedures
205-3 Confirmed incidents of corruption and actions taken 77
GRI 206: Anti-
Legal actions for anti-competitive behavior, anti-trust, and
competitive 206-1 81
monopoly practices
Behavior 2016
207-1 Approach to tax 79
207-2 Tax governance, control, and risk management 79
GRI 207: Tax 2019 Stakeholder engagement and management of concerns related
207-3 79
to tax
207-4 Country-by-country reporting 79-80
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GRI Content Indeks
Omission
GRI Sector
GRI Standard Indicator Disclosure Page Standard
Requirement(s) Ref.No
Reason Explanation
Omitted
301-1 Materials used by weight or volume 31
GRI 301: Materials
301-2 Recycled input materials used 31
2016
301-3 Reclaimed products and their packaging materials 31
302-1 Energy consumption within the organization 38-39
302-2 Energy consumption outside of the organization 38
GRI 302: Energy 2016 302-3 Energy intensity 39
302-4 Reduction of energy consumption 39
302-5 Reductions in energy requirements of products and services 40
303-1 Interactions with water as a shared resource 48
303-2 Management of water discharge-related impacts 48
GRI 303: Water and
303-3 Water withdrawal 48
Effluents 2018
303-4 Water discharge 49
303-5 Water consumption 48
Operational sites owned, leased, managed in, or adjacent to,
304-1 protected areas and areas of high biodiversity value outside 43
protected areas
GRI 304: Biodiversity Significant impacts of activities, products and services on
304-2 44
2016 biodiversity
304-3 Habitats protected or restored 42, 44
UCN Red List species and national conservation list species with
304-4 44, 89
habitats in areas affected by operations
305-1 Direct (Scope 1) GHG emissions 35
305-2 Energy indirect (Scope 2) GHG emissions 35
305-3 Other indirect (Scope 3) GHG emissions 35
GRI 305: Emissions 305-4 GHG emissions intensity 37
2016 305-5 Reduction of GHG emissions 35
305-6 Emissions of ozone-depleting substances (ODS) 37
Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air
305-7 37
emissions
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GRI Content Indeks
Omission
GRI Sector
GRI Standard Indicator Disclosure Page Standard
Requirement(s) Ref.No
Reason Explanation
Omitted
306-1 Waste generation and significant waste-related impacts 46-47
306-2 Management of significant waste-related impacts 46-47
GRI 306: Waste 2020 306-3 Waste generated 45
306-4 Waste diverted from disposal 45
306-5 Waste directed to disposal 45
GRI 308: Supplier 308-1 New suppliers using environmental criteria 50
Environmental
Assessment Negative environmental impacts in the supply chain and actions
308-2 50
2016 taken
401-1 New employee hires and employee turnover 55
GRI 401: Benefits provided to full-time employees that are not provided to
401-2 55
Employment 2016 temporary or part-time employees
401-3 Parental leave 55, 56
GRI 402: Labor/
Management 402-1 Minimum notice periods regarding operational changes 57
Relations 2016
403-1 Occupational health and safety management system 59, 61-62
403-2 Hazard identification, risk assessment, and incident investigation 60
403-3 Occupational health services 60, 62
Worker participation, consultation, and communication on
403-4 60
occupational health and safety
GRI 403: 403-5 Worker training on occupational health and safety 60
Occupational Health 403-6 Promotion of worker health 61
and Safety 2018
Prevention and mitigation of occupational health and safety
403-7 61
impacts linked by business relationships
Workers covered by an occupational health and safety
403-8 59
management system
403-9 Work-related injuries 61-62, 64
403-10 Work-related ill health 61-62
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Services Authority Circular Letter (SEOJK) Number 16/SEOJK.04/2021
GRI Content Indeks
Omission
GRI Sector
GRI Standard Indicator Disclosure Page Standard
Requirement(s) Ref.No
Reason Explanation
Omitted
404-1 Average hours of training per year per employee 58
Programs for upgrading employee skills and transition assistance
GRI 404: Training 404-2 58
programs
and Education 2016
Percentage of employees receiving regular performance and
404-3 58
career development reviews
GRI 405: Diversity 405-1 Diversity of governance bodies and employees 56
and Equal
Opportunity 2016 405-2 Ratio of basic salary and remuneration of women to men 57
GRI 2016 Non-
406-1 Incidents of discrimination and corrective actions taken 55
discrimination 2016
GRI 407: Freedom
of Association and Operations and suppliers in which the right to freedom of
407-1 57
Collective association and collective bargaining may be at risk
Bargaining 2016
GRI 408: Child Labor Operations and suppliers at significant risk for incidents of child
408-1 58
2016 labor
GRI 409: Forced or Operations and suppliers at significant risk for incidents of forced
409-1 58
Compulsory Labor or compulsory labor
2016
GRI 410: Security
410-1 Security personnel trained in human rights policies or procedures 53
Practices 2016
GRI 411: Rights of
Indigenous Peoples 411-1 Incidents of violations involving rights of indigenous peoples 54
2016
Operations with local community engagement, impact
413-1 53, 64-65, 70
GRI 413: Local assessments, and development programs
Communities 2016 Operations with significant actual and potential negative impacts
413-2 64-65
on local communities
GRI 414: Supplier 414-1 New suppliers that were screened using social criteria 71
Social Assessment
2016 414-2 Negative social impacts in the supply chain and actions taken 71
GRI 415: Public Policy
415-1 Political contributions 80
2016
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GRI Content Indeks
Omission
GRI Sector
GRI Standard Indicator Disclosure Page Standard
Requirement(s) Ref.No
Reason Explanation
Omitted
Assessment of the health and safety impacts of product and
GRI 416: Customer 416-1 84
service
Health and Safety
2016 Incidents of non-compliance concerning the health and safety
416-2 84
impacts of products and services
417-1 Requirements for product and service information and labeling 84
Incidents of non-compliance concerning product and service
GRI 417: Marketing 417-2 84
information and labeling
and Labeling 2016
Incidents of non-compliance concerning marketing
417-3 84
communications
GRI 418: Customer Substantiated complaints concerning breaches of customer
418-1 84
Privacy 2016 privacy and losses of customer data
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Services Authority Circular Letter (SEOJK) Number 16/SEOJK.04/2021
Referensi Sustainability Accounting Standard Reference to the Sustainability Accounting Standard Board (SASB)
Board (SASB) Metals and Mining (2021) Metals and Mining (2021)
GRI Mining & Metals Sector Specific Indicator Page Indicators Description Page
Biodiversity Greenhouse Gas Emissions
Amount of land (owned or leased, and managed for EM-MM-110a.1 Gross global Scope 1 emissions, percentage covered under emissions limiting regulations -
MM1 production activities or extractive use) disturbed or 44, 89 Discussion of long- and short-term strategy or plan to manage Scope 1 emissions, emissions
rehabilitated EM-MM-110a.2 33
reduction targets, and an analysis of performance against those targets
The number and percentage of total sites identified Air Quality
as requiring biodiversity management plans
MM2 44 Air emissions of the following pollutants: (1) CO, (2) NOx (excluding N2O), (3) SOx, (4)
according to stated criteria, and the number
(percentage) of those sites with plans in place EM-MM-120a.1 particulate matter (PM10), (5) mercury (Hg), (6) lead (Pb), and (7) volatile organic compounds 37
(VOCs)
Effluents and Waste
Energy Management
Total amounts of overburden, rock, tailings, and
MM3 45-46 EM-MM-130a.1 (1) Total energy consumed, (2) percentage grid electricity and (3) percentage renewable 38
sludge and their associated risks
Labor/Management Relations Water Management
Number of strikes and lock outs exceeding one (1) Total water withdrawn, (2) total water consumed; percentage of each in regions with
MM4 58 EM-MM-140a.1 48
week’s duration by country High or Extremely High Baseline Water Stress
Indigenous Rights Number of incidents of non-compliance associated with water quality permits, standards
EM-MM-140a.2 49
and regulations
Total number of operations taking place in or
adjacent to indigenous people’s territories, and Waste & Hazardous Material Management
MM5 number and percentage of operations or sites 54 EM-MM-150a.4 Total weight of non-mineral waste generated 45
where there are formal agreements with indigenous
people’s communities EM-MM-150a.5 Total weight of tailings produced 45
Local Communities EM-MM-150a.6 Total weight of waste rock generated -
Number and description of significant disputes EM-MM-150a.7 Total weight of hazardous wastegenerated -
MM6 relating to land use, customary rights of local 54 Total berat limbah berbahaya yang didaur ulang
EM-MM-150a.8 -
communities and indigenous peoples Total weight of hazardous waste recycled
The extent to which grievance mechanism were used Number of significant incidents associated with hazardous materials and waste
EM-MM-150a.9 45
to resolve disputes relating to land use, customary management
MM7 70
rights of local communities and indigenous peoples,
Description of waste and hazardous materials management policies and procedures for
and the outcomes EM-MM-150a.10 -
active and inactive operations
Artisanal and Small-scale Mining
Biodiversity Impacts
Number (and percentage) of company operating sites
EM-MM-160a.1 Description of environmental management policies and practices for active sites 30
where artisanal and small- scale mining (ASM) takes
MM8 place on, or adjacent to, the site; the associated risk 71 Percentage of mine sites where acid rock drainage is: (1) predicted to occur, (2) actively
EM-MM-160a.2 42
and the actions taken to manage and mitigate these mitigated, and (3) under treatment or remediation
risks Percentage of (1) proved and (2) probable reserves in or near sites with protected
EM-MM-160a.3 43
Resettlement conservation status or endangered species habitat
Sites where resettlements took place, the number Security, Human Rights & Rights of Indigenous Peoples
MM9 of households resettled in each, and how their 54 EM-MM-210a.1 Percentage of (1) proved and (2) probable reserves in or near areas of conflict 43
livelihoods were affected in the process
EM-MM-210a.2 Percentage of (1) proved and (2) probable reserves in or near indigenous land 54
Closure Planning
Discussion of engagement processes and due diligence practices with respect to human
Number and percentage of operations with closure EM-MM-210a.3 52,55
MM10 42 rights, indigenous rights, and operation in areas of conflict
plans
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Reference to the Sustainability Accounting Standard Board (SASB) Metals and Mining (2021)
Indicators Description Page
Community Relations
Discussion of process to manage risks and opportunities associated with community rights
EM-MM-210b.1 48, 53
and interests
EM-MM-210b.2 (1) Number and (2) duration of non- technical delays 48, 53
Labour Practices
EM-MM-310a.1 Percentage of active workforce employed under collective agreements 58
EM-MM-310a.2 (1) Number and (2) duration of strikes and lockouts 54
Workforce Health & Safety
(1) All-incidence rate, (2) fatality rate, (3) near miss frequency rate (NMFR) and (4) average
EM-MM-320a.1 hours of health, safety, and emergency response training for (a) direct employees and (b) 62, 64
contract employees
Business Ethics & Transparency
Description of the management system for prevention of corruption and bribery
EM-MM-510a.1 77
throughout the value chain
Production in countries that have the 20 lowest rankings in Transparency International’s
EM-MM-510a.2 77
Corruption Perception Index
Tailings Storage Facilities Management
Tailings storage facility inventory table:
(1) facility name, (2) location, (3) ownership status, (4) operational status, (5) construction
EM-MM-540a.1 method, (6) maximum permitted storage capacity, (7) current amount of tailings stored, 31
(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
EM-MM-540a.2 maintain the stability of 31
tailings storage facilities
Approach to development of Emergency Preparedness and Response Plans (EPRPs) for
EM-MM-540a.3 31
tailings storage facilities
Activity Metrics
EM-MM-000.A Production of (1) metal ores and (2) finished metal products -
EM-MM-000.B Total number of employees, percentage contractors -
100 Sustainability Report 2023
Page 101
Feedback Form
Feedback Form
PT Vale Indonesia Tbk Sustainability Report
1. This report is easy to understand:
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performance. We look forward to receiving any Agree Neutral Disagree
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101 Sustainability Report 2023
Page 102
Kebijakan dan Strategi Keberlanjutan PT Vale Indonesia Tbk Sequis Tower 20th Floor, Unit 6 & 7 Jl. Jenderal Sudirman Kav. 71 Jakarta 12190, Indonesia Tel: +62 21 524 9000 Fax: +62 21 524 9020 www.vale.com/indonesia 102 Sustainability Report 2023
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Financial Services Authority
p.2 ×2
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Ministry of Environment and Forestry PROPER Achievement
p.4
unresolved
org
PT Vale’s
p.5 ×31
unresolved
org
Ministry of Energy
p.5 ×4
unresolved
org
Ministry of Environment and Forestry
p.5 ×2
unresolved
org
PT Vale Indonesia Tbk’s Divestment Commitment. Following
p.7
unresolved
org
Directorate General of Taxes
p.11 ×2
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person
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· President Director
p.12 ×4
unresolved
org
Business Scale
· Company Name
p.13
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org
Indonesia Stock Exchange
p.13
unresolved
org
Indonesia Tbk
p.13
unresolved
org
PT Indonesia Sumitomo Metal Limited
p.13
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org
Asahan Alumunium Mining Co., Ltd
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org
Sumitomo Metal Mining Co. Ltd
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org
PT Vale’s Business Products
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Matt Cherevaty
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p.17
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ISO
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Global Scope
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person
National Scope
· Member
p.17
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Vinicius Mendes Ferreira
· Director
p.17
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PT Bahodopi Nickel Smelting Indonesia
p.17 ×3
unresolved
org
PT Kolaka Nickel Indonesia
p.17
unresolved
org
Pte. Ltd.
p.17 ×2
unresolved
org
PT KNI
p.17
unresolved
org
Ministry of Certificate and Best Trophy
p.18
unresolved
org
Ministry of Environment and Forestry Regions
p.18
unresolved
org
Metal Mineral Corporation
p.18
unresolved
org
Ministry of Energy and Mineral Sustainability
p.18
unresolved
org
PT Sucofindo
p.18
unresolved
org
PT Managing
p.22
unresolved
org
PT Vale ESG Roadmap
p.26
unresolved
org
PT Vale’s Global Contribution We
p.33
unresolved
org
PT Vale’s Road Towards Carbon Neutrality Project Project
p.34
unresolved
org
Minister of Environment Regulation
p.37
unresolved
org
PT PLN (Persero)
p.39 ×2
unresolved
org
Ministry of Environment and Forestry Regulation
p.42
unresolved
org
PT Vale West Java Regency
p.42
unresolved
org
PT Vale’s IPPKH
p.43
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org
Ministry of Environment
p.43
unresolved
org
Bank Creativity Contest
p.45
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org
Minister of Agriculture
p.48
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org
PT Vale’s Environmental Management
p.50
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org
PT Vale In
p.54
unresolved
org
PT Vale’s Human Rights Policy
p.54
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org
PT Vale’s CEO
p.57
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org
Minister of Energy and Mineral
p.59
unresolved
org
Ministry of Public Works and Public Housing
p.63
unresolved
org
Ministry of Energy and Mineral Resources
p.65 ×2
unresolved
org
Ministry of Tourism and Creative
p.65
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org
PT Vale’s PPM
p.69
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org
PT Vale. However
p.71
unresolved
org
PT Vale External Team
p.71
unresolved
org
District Court
p.71
unresolved
org
PT Vale Indonesia Tbk’s
p.72
unresolved
org
Ministry of In
p.75
unresolved
org
PT Vale Sulawesi Province
p.75
unresolved
org
PT Vale. Socialization
p.76
unresolved
org
Hadinoto & Partners
p.77
unresolved
org
PT Vale’s Obligatory Payments
p.80
unresolved
org
PT Vale’s Taxes
p.80
unresolved
org
Co. Ltd
p.81
unresolved
org
PT Vale Procurement Contract
p.82
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