Vale surpasses 100% renewable energy target in Brazil two years ahead of schedule

Mining giant Vale has exceeded its target of reaching 100% renewable energy consumption in its Brazilian operations, accomplishing this milestone two years ahead of schedule. The announcement, highlighted in Vale’s recently released 2023 integrated report, revealed that all electricity used in its Brazilian facilities through 2023 was sourced from renewable sources, such as hydroelectric, wind and solar power plants. By achieving the target, Vale has effectively neutralised its indirect carbon dioxide (CO2) emissions in Brazil, which correspond to Scope 2 emissions.