PT Vale's Good Corporate Governance (GCG) Commitment

We use clear roles, independent oversight, ethical standards, risk management and transparent reporting to support responsible decisions and long-term value creation.

Our Sustainability Approach and Governance

Approach

PTVI operates a two-tier governance structure comprising the General Meeting of Shareholders, Board of Commissioners and Board of Directors. Board committees and management functions support oversight of audit, risk, nomination and remuneration, ethics, internal control and sustainability.

Business integrity is reinforced through the Code of Ethical Conduct, anti-corruption controls, third-party due diligence, whistleblowing, conflict-of-interest declarations, tax governance and responsible sourcing.

Embed transparency, accountability, responsibility, independence and fairness in decisions.
Integrate sustainability into strategy, risk, capital allocation and performance evaluation.
Apply zero tolerance for bribery and prohibit facilitation payments and political contributions on behalf of PTVI.
Provide independent and confidential whistleblowing channels and protect reporters from retaliation.

Foto: PT Vale Indonesia

Commitments

<div>We sets bold governance and ESG targets, driving ethical leadership, gender equity, and resilient, transparent, sustainable operations:</div>

98%

Transparency
Target: Continuous from 2025 onward

30%

Anti corruption & bribery

Target: By 2030

Avoidance conflict of interest
Target: Complete by 2029

Compliance with laws & regulation
Target: Continuous improvement through 2030

Responsibility in relationship with suppliers and partner
Target: Ongoing, annual review

These goals are integrated into the company’s culture, systems, and decision-making processes.

Foto: PT Vale

Performance

Lowered the institutional ESG risk profile, achieving a Sustainalytics ESG Risk Score of 23.7, marking a 19.39% lower risk level from the previous reporting cycle.
Its ASEAN Corporate Governance Scorecard (ACGS) score rose to 99.53.
Reached 85% domestic supplier representation within the local supply chain to reinforce regional economic value.

Performance

We champions ethical governance, ESG excellence, and sustainability—driving impact, trust, and long-term value. Click below to learn our GCG performance through our Sustainability Report 2024.

PT Vale GCG Policy and Documents

Mandates strict compliance with all local laws, completely prohibits bribery, corruption, and conflicts of interest, and enforces property rights, including traditional knowledge. Under the corporate Sustainability Policy, the company is required to maintain robust, accessible whistleblowing mechanisms tailored for employees, suppliers, consumers, contractors, and other relevant third-party stakeholders.

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Description

Article of Association

Defines PT Vale’s legal structure, governance framework, shareholder rights, and operational mandates under Indonesian law.

Board of Directors Charters

Formal charters for the Board of Directors outlining roles, responsibilities, and governance principles.

Board of Commissioners Charters

Formal charters for the Board of Commissioners outlining roles, responsibilities, and governance principles.

Corporate Secretary Charters

Outlines duties ensuring governance, disclosure, compliance, and stakeholder communication across Vale’s corporate structure.

Governance, Nomination & Remuneration Committee Charter

Defines processes for board appointments, performance evaluation, and remuneration.

Audit Committee Charter

Defines oversight responsibilities for audit integrity, risk management, compliance, and internal control effectiveness.

Risk Mitigation Committee Charter

Guides oversight of risk mitigation, ensuring governance, accountability, and alignment with PT Vale’s strategic objectives.

Risk Management Unit Charter

Establishes principles for identifying, assessing, and mitigating risks to support PT Vale’s strategic objectives.

Internal Audit Committee Charter

Provides independent assurance and consulting to enhance governance, risk management, and internal control effectiveness.

Diversity, Equity and Inclusion Policy

Outlines PT Vale’s commitment to Diversity, Equity, and Inclusion, promoting equal opportunity, zero discrimination, and inclusive growth.

Code of Conduct

Guidelines for ethical behavior, transparency, and integrity across all levels.

Anti-corruption Policy

Zero-tolerance approach to corruption, including clauses in supplier contracts.

Supplier Code of Conduct

Mandatory compliance for all suppliers, covering human rights, labor standards, and anti-corruption.

Vale Whistleblower Channel

Secure, independent channel for reporting violations, ensuring confidentiality, impartiality, and protection for whistleblowers

Independent Auditor Hiring Policy

Ensures transparent, compliant selection of independent auditors with integrity, objectivity, and regulatory alignment.

Affiliated Transaction and COI Transaction Policy

PT Vale ensures transparency, fairness, and compliance in affiliated and conflict of interest transactions.

Our journey

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