Companhia De Saneamento De Minas Gerais Copasa Mg

What Companhia De Saneamento De Minas Gerais Copasa Mg does

Companhia de Saneamento de Minas Gerais (COPASA MG) is one of Brazil's largest state-level water and sewage utilities, founded in 1963 and listed on B3's Novo Mercado under ticker CSMG3 since its 2006 IPO. The company provides potable water supply and sanitary sewage collection and treatment services across 637 municipalities in Minas Gerais through long-term concessions granted by municipal governments and regulated by ARSAE-MG. COPASA serves more than 12 million people with water and 8.3 million people with sewage, operating a physical infrastructure base that includes water treatment stations (ETAs), sewage treatment stations (ETEs), fluvial water treatment stations (ETAFs), and an INMETRO-certified laboratory network conducting approximately 20 million tests per year. Its wholly-owned subsidiary COPANOR extends coverage to the North and Northeast regions of the state.

The company generates revenue primarily through regulated, tariff-based monthly billing to residential, commercial, and industrial customers in concession areas (subscription/recurring revenue model), with additional revenue from urban cleaning, solid waste management (including a landfill concession in Varginha), and municipal concession contracts. Pricing is set under ARSAE-MG methodology with social tariffs available for low-income residential customers. Customer-facing operations span digital self-service (Virtual Agency portal on Azure, mobile app, INTERLIGA system for developer integrations), physical service centers, a 115 call center, and educational ESG programs (Programa Chuá, Environmental Education Centers).

COPASA's strategic agenda is anchored on Brazil's Marco Legal do Saneamento (Law 14.026/2020), which mandates universalization targets of 99% water coverage and 90% sewage coverage by 2033. The company is executing an R$ 8.1 billion investment plan for 2023–2027, with R$ 1.5 billion deployed through June 2026, and is investing in coverage expansion, water-loss reduction (Programa CaçaGotos), watershed preservation (Programa Pró-Mananciais), and vulnerable community outreach (Programa Universaliza Minas). The State of Minas Gerais remains the controlling shareholder following the 2008 secondary offering, and COPASA maintains listings on B3 sustainability indices (ISE, ICO2, IDVR) and UN Global Compact membership.

Name

Companhia De Saneamento De Minas Gerais Copasa Mg

Legal name

Companhia de Saneamento de Minas Gerais - COPASA MG

Website

https://copasa.com.br

Company type

Public

Founded year

1963

Operating status

Operating

Headcount range

501–1,000 employees

Short description

COPASA MG is one of Brazil's largest water and sewage utilities, providing potable water to 12+ million people and sewage treatment to 8.3 million across 637 municipalities in Minas Gerais through regulated municipal concessions, with operations spanning treatment infrastructure, certified laboratories, and digital self-service channels.

Ownership category

akta.pro rank

Product category

Water and Sewage Utilities

NAICS

Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (221320)

SIC

Water Supply (4941), Electric, Gas & Sanitary Services (4900), Sanitary Services (4950)

akta.pro primary industry

Raw Water Conveyance & Transmission (Aqueducts, Mains, Pumping Stations) (EUANAAAB)

akta.pro secondary industries

Water Quality Monitoring, Compliance & Reporting (Sampling, Lab, Regulatory) (EUANAAAG), Septage Receiving, Treatment & Disposal (BPALAMAE)

Keywords

• Water utility services
• Sewage treatment services
• Municipal sanitation concessions
• Potable water distribution
• Urban solid waste management

Headquarters

HQ city

Belo Horizonte, Minas Gerais

HQ country

Brazil

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Water Supply Services: Revenue from potable water treatment, distribution, and supply services to residential, commercial, and industrial customers in concession areas. Revenue is tariff-based and regulated by ARSAE-MG.
2. Sewage Collection and Treatment: Revenue from sewage collection, transportation, treatment, and final disposal services. Services are provided under the same concession framework with tariff-based pricing.
3. Urban Cleaning and Solid Waste: Revenue from urban cleaning and solid waste management services including collection, transportation, transfer, treatment, and final disposal of urban and industrial waste.
4. Concession Fees and Municipal Contracts: Revenue from municipal concession agreements and public service contracts with state and municipal governments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

COPASA provides potable water supply and sanitary sewage collection and treatment services under municipal concessions across 637 municipalities in the state of Minas Gerais, Brazil. The company operates the full sanitation chain from raw water capture and treatment through distribution to end consumers, alongside sewage collection, transport, treatment, and final disposal, supplemented by urban cleaning and solid waste management. Services are delivered through an extensive network of Water Treatment Stations (ETA), Sewage Treatment Stations (ETE), and a certified laboratory network, with digital self-service through the Virtual Agency portal.

Product overview

Copasa operates as a utility company providing integrated water supply and sanitary sewage services across Minas Gerais, Brazil. The company offers core utility services (water distribution and sewage collection/treatment), digital self-service platforms (Virtual Agency portal and INTERLIGA system for developers), and environmental/social programs (Programa Chuá for environmental education, CEAM environmental centers). The product portfolio centers on essential sanitation infrastructure with digital overlays for customer self-service and a comprehensive laboratory network for water quality assurance.

Differentiator

Problem solved

Functional benefit

Brands

• Programa Chuá: Strategic ESG initiative focused on environmental education, promoting water conservation awareness and sustainable sanitation practices among students and communities.
• COPANOR
• Programa Universaliza Minas
• Programa Pró-Mananciais
• Programa CaçaGotas

Products and services

• Water Supply Services (Abastecimento de Água) Potable water supply services including capture, treatment, and distribution of treated water to end consumers (residential, commercial, and industrial) within municipal concession areas. Services include water connections, individual metering, and reservoir level monitoring.
• Sanitary Sewage Services (Esgotamento Sanitário) Collection, transport, treatment, and final disposal of sanitary sewage from building connections to environmental release. Includes sewage connections and wastewater treatment processes across more than 300 cities in Minas Gerais.
• Urban Cleaning and Solid Waste Management Collection, transport, transfer, treatment, and final disposal of urban waste and waste from street sweeping and urban cleaning services, including landfill operation as authorized under expanded competencies.
• INTERLIGA System Web-based system for controlling the interconnection of real estate developments to COPASA's public water and sewage systems, enabling management of developer/entrepreneur applications for connecting projects to utility networks.
• Virtual Agency (Agência Virtual) Online self-service portal (Azure-hosted) enabling customers to manage water and sewage accounts, request services (water connection, payment plans, reconnection), report leaks, view consumption history, and access digital bills and second copies.
• Water Quality Laboratory Services Comprehensive water quality testing services including physical, chemical, radiological, and biological analyses. Operates a Central Laboratory in Belo Horizonte, 6 regional laboratories, and approximately 15 district laboratories certified under ABNT ISO/IEC 17025:2017, conducting approximately 20 million tests per year across all concession areas.

Quantifiable outcome

• Sewage collection and treatment coverage reached 79% as of 2024
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• United Nations Global Compact (Pacto Global da ONU)coreStrategic or Co-development Partner · 1 January 2020COPASA formally joined the UN Global Compact in 2020, formalizing its commitment in Environment, Labor, Human Rights, and Anti-Corruption areas. The company integrates the Rede Desafio 2030 in partnership with the Brazil Network of the Global Compact, aligning all processes with UN Sustainable Development Goals, particularly SDG 6 (Clean Water and Sanitation).
• Cine Theatro BrasilminorGTM or Marketing PartnerPartnership agreement with Cine Theatro Brasil cultural venue to expand cultural actions in Minas Gerais, supporting cultural programs and community engagement initiatives.
• Municipal Governments of Minas GeraiscoreChannel Partner/ Reseller/ DistributorCOPASA operates through concession agreements with 637 municipalities in Minas Gerais, providing exclusive water supply and sewage treatment services under regulatory oversight of ARSAE-MG.
• ARSAE-MG (Agência Reguladora de Serviços de Abastecimento de Água e de Esgotamento Sanitário do Estado de Minas Gerais)coreOthersRegulatory agency established by State Law 18.309/2009 that regulates, oversees, and determines tariff structure for Copasa's services. The agency completed its first tariff review in 2017 and initiated second review in 2020.
• Superintendências Regionais de EnsinominorGTM or Marketing PartnerEducational partnerships with Regional Education Superintendentcies to support school visits and environmental education programs through the Programa Chuá, which began in 1986.

Scale indicators10 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Cedae: Companhia Estadual de Águas e Esgotos do Rio de Janeiro is the Rio de Janeiro state water and sewage utility. Comparable as a state-controlled, regulated water utility in Brazil, currently undergoing privatization processes similar to pressures facing COPASA under the Marco Legal.
• Sabesp: Companhia de Saneamento Básico do Estado de São Paulo is Brazil's largest state-level water and sewage utility, directly comparable as a publicly traded concessionaire operating under the same Marco Legal do Saneamento regulatory framework with a similar tariff-regulated, municipality-concession business model.
• Sanepar: Companhia de Saneamento do Paraná operates water supply and sewage services across Paraná state under the same Brazilian regulatory architecture, sharing the regulated-utility, municipal-concession, tariff-reset model and ESG/governance disclosures as COPASA.
• Aegea Saneamento: One of Brazil's largest private-sector sanitation operators, holding concessions in multiple states including the recently privatized Corsan in Rio Grande do Sul. Comparable as a competitor for tenders under the Marco Legal and as an operator with the same water/sewage service profile.
• BRK Ambiental: Brazilian water and sewage operator backed by Brookfield, holding concessions across multiple states. Directly comparable as a private-sector concessionaire competing for the same Marco Legal tenders and operating the same municipal water/sewage service model.
• Corsan: Companhia Riograndense de Saneamento is the Rio Grande do Sul state water utility, now with Aegea as a private partner following privatization. Directly comparable as a state-level sanitation concessionaire undergoing the same Marco Legal-driven transformation as COPASA.
• Casal: Companhia de Saneamento de Alagoas is the Alagoas state water and sewage utility. Comparable as a state-controlled Brazilian water/sewage concessionaire operating under the same national regulatory framework and serving as a potential benchmark for smaller-state concessionaires.
• Embasa: Empresa Baiana de Águas e Saneamento is the Bahia state water and sewage utility, structurally identical to COPASA as a state-controlled concessionaire providing regulated water and sewage services under the same national regulatory framework.
• Iguá Saneamento: Private Brazilian water and sewage concessionaire operating across multiple states. Comparable as a competing concessionaire under the Marco Legal framework with the same core offering of municipal water supply and sewage treatment services.

Broad incumbents

• Veolia Environnement: Global water, waste and energy services giant with operations across multiple continents including Latin America. Comparable as a broad incumbent in the global water and wastewater services space and as a potential strategic acquirer or partner for Brazilian sanitation assets under the Marco Legal regime.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/companhia-de-saneamento-de-minas-gerais-copasa-mg

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Companhia De Saneamento De Minas Gerais Copasa Mg