Fundação Renova

What Fundação Renova does

Fundação Renova was a Brazilian private, non-profit foundation established in March 2016 under the Termo de Transação e Ajustamento de Conduta (TTAC) signed by Samarco, Vale, and BHP Brasil. It was created as the legally mandated entity to execute remediation, compensation, and environmental recovery following the November 2015 collapse of the Fundão tailings dam in Mariana (Minas Gerais), which killed 19 people, destroyed communities, and contaminated 670 kilometers of the Doce River Basin from Mariana (MG) to the coast of Espírito Santo. The foundation operated for eight years under oversight of the Ministério Público Federal, Defensorias Públicas, and the governments of Minas Gerais and Espírito Santo, mobilizing approximately 6,000 employees and partners.

The foundation's core product was a portfolio of 42 remediation programs structured around three pillars: indemnification (individual compensation, Auxílio Financeiro Emergencial, and Lucro Cessante), resettlement of displaced communities (notably the construction of Novo Bento Rodrigues and Paracatu, and the Gesteira collective settlement), and environmental recovery (reforestation of 50,000 hectares, recovery of 5,000 springs, restoration of river margins and aquatic environments, sanitation, and management of contaminated areas). It served affected individuals, rural property owners, and municipalities across 42 cities in the Doce River Basin, including Aimorés, Governador Valadares, Colatina, Linhares, and Serra. Fundação Renova did not sell products or services commercially; its funding was provided by Samarco, Vale, and BHP Brasil as part of the TTAC settlement, totaling R$ 38 billion invested over its operational lifetime.

In November 2024, the Novo Acordo do Rio Doce was signed by Samarco, Vale, BHP Brasil, the União, the state governments of Minas Gerais and Espírito Santo, the Federal and State Public Ministries, and the Defensorias Públicas, and was subsequently homologated by the Supremo Tribunal Federal (STF). The new agreement set a total definitive repair budget of R$ 170 billion and replaced the TTAC framework, transferring direct remediation responsibility to Samarco in partnership with federal and state governments and adhering municipalities. Fundação Renova was dissolved in October 2024, and its operational continuity is now maintained through Samarco and public bodies under the "Reparação Bacia do Rio Doce" program.

Name

Fundação Renova

Legal name

Fundação Renova

Website

https://fundacaorenova.org

Company type

Private

Founded year

2016

Operating status

Closed

Headcount range

501–1,000 employees

Short description

Fundação Renova was a Brazilian non-profit foundation that executed 42 remediation programs across 670 km of the Doce River Basin from 2016 to 2024, addressing damages from the 2015 Fundão dam collapse, funded by Samarco, Vale, and BHP Brasil.

Ownership category

akta.pro rank

Product category

Environmental Remediation Services

NAICS

Remediation Services (562910)

SIC

Sanitary Services (4950), Hazardous Waste Management (4955)

akta.pro primary industry

Hydropower Decommissioning, Dam Removal & Site Restoration (EUAMADAL)

akta.pro secondary industries

Asset Recovery, Surplus & Decommissioning Services (EUAIANAD), Forestry, Land Use & REDD+ Programs (BPADALAF)

Keywords

• Environmental remediation services
• Disaster reparation programs
• Community resettlement services
• River basin restoration
• Compensation programs

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Remediation Funding: Fundação Renova was funded by its managing entities Samarco, Vale, and BHP Brasil to execute remediation, compensation, and environmental recovery programs mandated by the TTAC agreement. The Novo Acordo do Rio Doce set a total budget of R$ 170 billion for definitive repair, with R$ 38 billion already invested by Fundação Renova during its tenure.

Go-to-market motion1 record

Core offering

Fundação Renova operated 42 reparation programs under the TTAC agreement signed in March 2016 to conduct environmental, social, and economic remediation for damages caused by the November 2015 Fundão dam collapse. The foundation delivered individual indemnification, Auxílio Financeiro Emergencial (AFE), Lucro Cessante payments, resettlement of displaced communities (Novo Bento Rodrigues, Paracatu, Gesteira), and environmental recovery including reforestation of 50,000 hectares, recovery of 5,000 springs, river margin restoration, and contaminated area management across 42 municipalities spanning 670 kilometers of the Doce River Basin in Minas Gerais and Espírito Santo.

Product overview

A extinta Fundação Renova operou como uma fundação de reparação com 42 programas distintos, organizados sob o Termo de Transação e Ajustamento de Conduta (TTAC) de 2016. Estes programas abrangiam três pilares principais: indenização (indenização individual, Auxílio Financeiro Emergencial, Lucro Cessante), reassentamento (construção de novas comunidades como Novo Bento Rodrigues e Paracatu), e recuperação ambiental (reflorestamento, recuperação de nascentes, gestão de áreas contaminadas). Em novembro de 2024, o Novo Acordo do Rio Doce substituiu o TTAC, transferindo a responsabilidade para a Samarco em parceria com governos federal e estaduais. O novo modelo inclui o Programa Indenizatório Definitivo (PID) para atingidos não contemplados anteriormente.

Differentiator

Problem solved

Functional benefit

Products and services

• 42 Reparation Programs (TTAC scope, now extinct) Comprehensive set of 42 reparation programs executed by Fundação Renova under the TTAC agreement from 2016 to 2024, covering environmental recovery, individual and collective indemnification, resettlement, and social support for individuals and communities affected by the November 2015 Fundão dam collapse across 42 municipalities in Minas Gerais and Espírito Santo.
• Resettlement Program (Novo Bento Rodrigues, Paracatu, and Gesteira) Programs for the definitive resettlement of communities displaced by the Fundão dam collapse, including the construction and delivery of the new communities of Novo Bento Rodrigues and Paracatu, with associated compensation (R$ 126 million in Gesteira via collective agreement). Targeted at populations whose homes and territories were destroyed by the tailings flood.
• Programa Indenizatório Definitivo (PID) Definitive indemnification program created under the Novo Acordo do Rio Doce providing a final compensation opportunity for individuals impacted by the Fundão dam collapse who received denials or were not covered by previous programs. Targeted at affected individuals who exhausted other reparation pathways.
• Environmental Recovery Actions (Recuperação Ambiental) Compensatory environmental measures along the impacted stretches of the Doce River Basin, including reforestation of 50,000 hectares, recovery of 5,000 springs, restoration of margins and aquatic environments, sanitation and water quality in the basin, contaminated area management, and sediment removal viability studies for the Risoleta Neves (Candonga) hydroelectric plant.
• Auxílio Financeiro Emergencial (AFE) Temporary emergency financial aid for individuals affected by the Fundão dam collapse, with early lump-sum payment of amounts owed to active AFE beneficiaries and equivalent single-parcel payments for active Lucro Cessante compensation under the Novo Acordo do Rio Doce.

Quantifiable outcome

• R$ 38 billion invested in remediation during 2016-2024 operational period
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• Governo Federal (União)coreOthers · 1 November 2024The Brazilian federal government is a signatory of the Novo Acordo do Rio Doce, which replaced the TTAC in November 2024. The União will receive R$ 100 billion in transfers from Samarco for actions in health, education, sanitation, income transfer, and other public initiatives.
• Governo de Minas GeraiscoreOthers · 1 November 2024The state government of Minas Gerais is a signatory of the Novo Acordo do Rio Doce. It co-manages repair actions with the federal government and municipalities, and receives financial transfers for public initiatives in the affected territories.
• Governo do Espírito SantocoreOthers · 1 November 2024The state government of Espírito Santo is a signatory of the Novo Acordo do Rio Doce. It co-manages repair actions with the federal government and municipalities, and receives financial transfers for public initiatives in the affected coastal territories.
• Ministério Público Federal e EstaduaiscoreOthers · 1 November 2024Federal and State Public Ministries served as oversight bodies during Fundação Renova's operations (2016-2024) and are signatories of the Novo Acordo do Rio Doce. They participate in managing portions of the R$ 100 billion fund transferred to governments for public initiatives.
• Defensorias PúblicascoreOthers · 1 November 2024Public Defenders' Offices served as oversight bodies during Fundação Renova's operations and are signatories of the Novo Acordo do Rio Doce. They participate in managing portions of the R$ 100 billion fund transferred to governments for public initiatives.
• SamarcocoreOthers · 1 March 2016Samarco, along with Vale and BHP Brasil, created and managed Fundação Renova to execute the remediation obligations under the TTAC agreement signed in March 2016. Samarco was the primary operator responsible for funding and overseeing the foundation's 42 remediation programs. Following the dissolution of Fundação Renova in 2024, Samarco assumed direct responsibility for repair actions under the Novo Acordo do Rio Doce.
• ValecoreOthers · 1 March 2016Vale, along with Samarco and BHP Brasil, created and managed Fundação Renova as part of the TTAC agreement obligations. Vale contributed to funding the foundation's remediation programs across the Doce River Basin.
• BHP BrasilcoreOthers · 1 March 2016BHP Brasil, along with Samarco and Vale, created and managed Fundação Renova as part of the TTAC agreement obligations. BHP contributed to funding the foundation's remediation programs across the Doce River Basin.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Conservation International: Global environmental NGO active in Brazil with programs in forest conservation, watershed protection, and restoration. Comparable in scale and mission of large-scale environmental restoration work.
• IUCN (International Union for Conservation of Nature): International environmental organization with conservation and restoration mandates across regions including Brazil. Comparable as a multi-stakeholder environmental governance and restoration framework.
• The Nature Conservancy: Global environmental NGO with significant Brazilian operations focused on forest conservation, watershed restoration, and ecosystem recovery. Comparable in scale of environmental restoration activity and Brazilian operating footprint.
• WWF-Brasil: Brazilian arm of a global environmental NGO running large conservation, watershed protection, and restoration programs. Comparable in environmental mission and Brazilian operational scale, though it operates across conservation themes rather than a single mandated disaster program.

Direct peers

• BHP Foundation: BHP's corporate foundation funding environmental and community programs globally. Closely comparable as a mining-sector corporate foundation funding environmental remediation and community programs, sharing one of Fundação Renova's parent sponsors.
• Fundação Vale: Vale's corporate foundation running environmental and community programs in Brazil. Closely comparable as a corporate-sponsored Brazilian foundation executing environmental and social-impact work, sharing one of Fundação Renova's parent sponsors.
• SOS Mata Atlântica: Brazilian environmental NGO focused on reforestation and Atlantic Forest restoration across multiple Brazilian states. Directly comparable in mission (forest and watershed restoration) and Brazilian geographic footprint to Fundação Renova's reforestation and spring-recovery programs.

Emerging players

• Iniciativa Verde: Brazilian NGO focused on reforestation and ecosystem restoration, particularly in São Paulo state. Comparable in large-scale tree-planting and ecosystem-restoration mission, though smaller in scale than Fundação Renova.
• Instituto Socioambiental (ISA): Brazilian environmental NGO focused on indigenous rights, biodiversity conservation, and environmental policy. Comparable in environmental mission and Brazilian operational focus, though more advocacy-oriented than direct restoration.

Others

• ICMBio (Instituto Chico Mendes de Conservação da Biodiversidade): Brazilian government agency responsible for biodiversity conservation and protected areas. Comparable in environmental mandate and Brazilian footprint, though public-sector rather than foundation structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SamarcoMineracao
• Instagraminstagram.com/samarco.mineracao

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Fundação Renova