## Vale´s carbono neutral Governance:
The Low Carbon Forum is henceforth created. It shall be coordinated by the Executive Director of Sustainability, with support from the Executive Directors of the Coal, Strategy and Mineral Exploration, Business Support, Ferrous, and Base Metals business units, and with the participation of Vale's Chief Executive Officer as well as the Executive Director of Finance and Investor Relations. Together, their objectives shall be to maintain alignment between technical teams and Vale's liderance, to lead the management of the Vale Carbon Neutral strategy, and to validate action plans for related targets.
The group shall meet monthly with the climate change team and, depending on the purpose of the meeting, specific areas will be invited to each meeting such procurement, investor relations, strategy, engineering and others, with alternation between technical meetings and executive meetings, the latter with the participation of the Executive Directors. Thus, it is guaranteed that the technical teams that work daily with the topic of climate change subject are aligned with the company's top leadership on the priorities of the climate agenda and related work in progress such as: (i) prioritizing cost-effective emissions reduction initiatives, based on the marginal abatement cost curve; (ii) ratifying targets and quantitative data; (iii) implementing the TCFD recommendations, including quantifying climate risks and opportunities; (iv) monitoring the evolution of goals, key metrics and action plans.
As part of Vale's governance process, the results of this Forum will be periodically reported to the Sustainability Committee and to the Board of Directors.