Fundação Renova


Published in: 10/03/2019

Renova Clarifies , Renova Esclarece

In the spirit of transparency and collaboration that underpins the work of the Renova Foundation, On October 1st, the directors of the institution attended the session of the Parliamentary Committee of Inquiry (CPI) of Tax Evasion, which was held jointly with the CPI of Licenses, at the Legislative Assembly of Espirito Santo (ALES), although the foundation’s activities have no relation to the defined and limited purpose of the aforementioned committees.

During the meeting, a request was made for the arrest of the Renova Foundation CEO Roberto Waack, a measure that had been anticipated by the Espirito Santo press and the reason why the Renova Foundation preventatively turned to the Judiciary. Following a new call to Renova’s board of directors, scheduled for October 3, at ALES, the Foundation went to court again and, according to a decision by the Espirito Santo Court of Justice, the board of directors is not required to attend the meetings of these CPIs, as the risk of “new violations of constitutional rights by the members of the committee” was recognized.

The Renova Foundation is committed to provide the public with transparent information on the Doce River Basin repair process. The institution seeks to ensure a broad and permanent access of the results of its actions and partner entities to Brazilian society and authorities.

Created through a Transaction and Conduct Adjustment Term (TTAC) to repair the damage caused by the Fundao dam collapse, the Renova Foundation is permanently overseen by independent external audits by companies such as Ernst & Young, Price and KPMG, and by the Prosecution Service for Foundations. In addition, accountability documents of its activities are posted on its website.

The Renova Foundation’s repair and compensation actions in Espirito Santo have so far totaled R$ 1.2 billion. R$ 861.6 million was paid in indemnities and emergency financial aid in the state. Of this amount, more than R$ 384 million refers to the Mediated Indemnity Program (PIM) for 4,500 families, with R$ 78.6 million paid in the last 60 days. Whereas the Emergency Financial Aid (AFE) has allocated R$ 477.6 million to serve 6.4 thousand families. 


Numbers of the repair in Espirito Santo

Base: August/2019

  • R$ 1.2 billion for repair and compensation actions in Espirito Santo
  • About R$ 860 million paid in indemnities and financial aid in Espirito Santo
  • About 460 contracts in Espirito Santo, worth R$ 768 million as of August 2019
  • Of these contracts, 265 are in effect, with R$ 488 million in transactions
  • Of the current contracts, about 191 are with Espirito Santo suppliers, and about 140 from municipalities impacted in the state
  •  R$ 120 million agreement with FEST and UFES for Research by the Doce River Sea Network, which includes more than 25 universities
  • In the Doce River Basin, there are 7,000 people, 40 NGOs and institutions and dozens of universities at work.
  • More than $ 100 million allocated to sanitation in the municipalities of Espirito Santo
  • More than 1,000 springs in the process of restoration in the Doce River basin, 415 of them in Espirito Santo, in an long-term action
  • 92 data collection points for monitoring the water quality of the Doce River Basin, 22 automatic stations evaluating 80 indicators
  • About 200 points for monitoring the marine biodiversity in the stretch from Guarapari to Porto Seguro
  • 5 WTPs (Water Treatment Plants) in Espirito Santo were renovated: 3 in Colatina, 1 in Linhares and 1 in Regencia, district of Linhares. Throughout the Doce River Basin, 13 WTPs received improvements, and 15 alternative water withdrawal systems were built
  • More than 1,400 infrastructure works were completed in Minas Gerais and Espirito Santo, including restoration of homes and schools and reconstruction of bridges
  • About 100,000 people attended collective dialogue meetings in both states

R$ 10 million available in the Develop the Doce River Fund to finance micro and small to mid-size companies in Espirito Santo alone, with loans ranging from R$ 10,000 to R$ 200,000. To date, R$ 8.3 million has been disbursed to Espirito Santo companies through the Fund. In all, the Develop the Doce River Fund has made R$ 40 million available to Minas Gerais and Espirito Santo

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