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Vale creates US$100M sustainability startup fund

Brazilian diversified miner Vale has launched Vale Ventures, a US$100 million venture capital initiative to support pioneering startups creating new business opportunities and innovative technologies to incorporate into its operations.
Vale creates US$100M sustainability startup fund Vale creates US$100M sustainability startup fund Vale creates US$100M sustainability startup fund Vale creates US$100M sustainability startup fund Vale creates US$100M sustainability startup fund

Vale to launch Vale Ventures

As part of the company's support for the transition to a more sustainable world, Vale plans to acquire minority stakes in startups focused on decarbonisation in the mining value chain, zero waste mining, energy transition metals and disruptive technologies to change how miners operate.

"We will collaborate with forward-thinking startups bringing big ideas and bold thinking to these monumental challenges," said head of Vale Ventures Viktor Moszkowicz. "By creating a portfolio of disruptive solutions, we can generate financial and strategic return and bring new business opportunities, insights, and knowledge to our company, customers and society."

Vale has committed to reduce its carbon footprint 33% by 2030, cut 15% of the emissions from its value chain by 2035 as part of its aim to become net zero by 2050.

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