Vale creates sustainability division

Vale’s Ponta da Madeira iron ore terminal. (Image courtesy of Vale SA.)

Vale SA’s board has voted to create an executive-level division focused exclusively on sustainability issues, the company said in a Thursday securities filing.

The division will be headed by Maria Luiza de Oliveira Pinto e Paiva, who until this month has been head of sustainability at Brazilian pulpmaker Suzano SA since January 2019. She will join Vale next month.

The company has been seeking to improve its image after two dams that it owned in whole or in part burst, one in 2015 another in 2019, killing almost 300 people in total.

(By Marta Nogueira and Gram Slattery; Editing by Diane Craft)

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