Vale Indonesia Achieves Top ESG Risk Rating in Indonesia and Global Recognition

Significant Improvement in Sustainability Performance

PT Vale Indonesia Tbk (INCO) has made history by achieving the best ESG Risk Rating in Indonesia, with a score of 23.7 in the diversified metals and mining sector. This places the company among the top 15 globally in its category, demonstrating Indonesia's potential in responsible mining practices. The score represents a significant improvement from 29.8 in the previous year, showcasing the company's commitment to enhancing its sustainability performance.

Key Factors Behind the Achievement

The improved rating is attributed to several key factors, including:

1. Enhanced energy management and emission reduction
2. Improved workplace safety and health practices
3. Better labor practices and community empowerment
4. Strong diversity and inclusion initiatives, including inclusive recruitment and formation of an internal diversity council

These improvements were verified through an independent assessment using the AA1000 Assurance Standard, ensuring the credibility and transparency of PT Vale's sustainability data.

Strategic Implications for Indonesia

As Indonesia is the world's largest nickel reserve holder, PT Vale's achievement positions the country as a potential leader in the global energy transition. The company's success demonstrates that Indonesian mining companies can compete globally not only in production but also in sustainability principles. This development is particularly significant as global demand for minerals like nickel and copper continues to grow, driven by the need for clean energy technologies and electric vehicles.

Company Perspective

Bernardus Irmanto, President Director and CEO of PT Vale Indonesia, stated that this achievement is not just a success for the company but for Indonesia as a whole. He emphasized that the improvement reflects the company's core values of integrity, care, and excellence. Budiawansyah, Chief of Sustainability and Corporate Affairs Officer, noted that this achievement is a milestone in the company's sustainability journey, reaffirming their commitment to responsible growth and environmental stewardship.

Global Context and Future Outlook

This achievement comes at a time when global trade dynamics are becoming increasingly competitive, particularly with the implementation of policies like the US Inflation Reduction Act (IRA) and EU Critical Raw Materials Act. PT Vale's performance positions Indonesia as a reliable partner capable of providing low-carbon minerals to markets that increasingly prioritize verified sustainability. The company's journey towards better ESG practices reflects a broader transformation in the Indonesian mining sector, emphasizing transparency, international quality standards, and community partnerships.