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Renova Foundation

The Renova Foundation was founded in 2016 to repair and compensate for the damages caused by the breach of the Fundão Dam, which occurred on November 5, 2015. It was created as a result of a legal commitment called the Transaction Term and Conduct Adjustment (TTAC), which was signed by Samarco, its shareholders, Vale and BHP Billiton, the Federal Union, the States of Minas Gerais and Espírito Santo, and various public authorities at the federal and state levels.

The TTAC established 42 programs aimed at socio-environmental and socio-economic remediation of the affected territories in 40 municipalities along a stretch of approximately 650 km. The Renova Foundation has been implementing remediation programs and respecting the governance system established in the TTAC and the Conduct Adjustment Term (TAC Governance) signed in 2018. Among the TTAC signatories were the Federal Public Prosecution Service, the State Public Prosecution Service Minas Gerais and Espírito Santo, the Public Defender's Office of the Union and the Public Defender's Office of the States of Minas Gerais and Espirito Santo. Its owners are Samarco, BHP Billiton and Vale.

Through the 42 programs designated by the TTAC, the Foundation works to ensure access to information, promote open and constant dialogue with its stakeholders, and encourage social participation and engagement of populations affected by the dam rupture.

Dialogue with affected communities guides Renova's actions as it seeks to remedy and compensate for the damage caused in an efficient and transparent manner. Recovering the water basin, resettling residents and compensating the families who suffered direct losses due to the incident are the Foundation’s priorities.

In its pursuit of excellence, the Renova Foundation has engaged 7,000 people (including its employees and partners) from technical and specialized areas with various areas of knowledge; dozens of social and environmental entities from Brazil that have scientific knowledge, such as the federal universities in Espírito Santo and Minas Gerais; and the international scientific institutions working on the repair process of Mariana (Minas Gerais) at the mouth of the Doce River.

Go to the Renova Foundation website

Impact Management

Impact management actions, implemented through the socio-environmental and socio-economical programs indicated in the TTAC, were divided into two main fronts:

Repair, aimed at reversing or mitigating the impacts caused by the disruption. This includes tailings management, village reconstruction and compensation.

Compensation to society for the general damage caused to people's lives. This includes action such as forest restoration, spring restoration and sanitation for municipalities along the Doce River are some examples.

The efforts for repair and compensation were divided into three thematic axes:

PEOPLE AND COMMUNITIES
  • Identification and compensation
  • Education and culture
  • Health and well-being
  • Traditional and Indigenous communities
  • Engagement and dialogue
  • Fostering the economy
LAND AND WATER
  • Land use
  • Water management
  • Tailings management
  • Biodiversity
  • Animal care
  • Innovation
  • Forest restoration
RECONSTRUCTION AND INFRASTRUCTURE
  • Resettlement
  • Tailings containment
  • Water and effluent treatment
  • Urban infrastructure and access

KPI Reports

By August 2019, significant progress had been made on the three axes defined in the TTAC:

People and Communities
  • Nearly 104,000 people attended meetings with the Renova Foundation to express their viewpoints;
  • 319,000 people benefited from indemnification and financial aid for damages;
  • 56% of contracts are with local suppliers.
Land and Water
  • About 113 tributaries have already been recovered;
  • 5,000 springs are recovering;
  • There are currently 92 monitoring points along the impacted watercourses;
  • 40,000 hectares have been reforested with the help of 450 local farmers.
Reconstruction and lnfrastructure
  • More than 1,400 construction projects have been completed and delivered to the community;
  • 400 families actively participated in developing and planning new housing developments;
  • 13 water treatment plants were renovated.

Performance Evolution

Vale’s Financial Contribution to the Renova Foundation

(in R$ million)
Vale’s Financial Contribution to the Renova Foundation

In 2019, the estimated budget for implementating the programs is R$2.81 billion, and the expenses incurred by August 2019 totalled R$6.68 billion. In 2018, R$2.07 billion were invested.

Disbursement and Budget

Disbursement and Budget Disbursement and Budget

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