Fundação Renova


Published in: 06/02/2020

Local Economy

The actions also include an incentive to have suppliers officially register to expand their possibilities

The Renova Foundation prioritizes the products and services of producers and cooperatives in the areas affected by the Fundao dam collapse. Therefore, the Economy and Innovation and Local Development departments have been working on mapping affected people who can provide products or services to Renova and partner companies.

The actions also include an incentive to have suppliers officially register to expand their possibilities. Since May of last year, the program has been listing these suppliers, which includes visiting them – suspended with the recommendation of social isolation due to the new coronavirus pandemic.

“Renova already purchases products from those affected, but during the pandemic we want to reinforce the importance of employees prioritizing these local suppliers, since many are continuing deliveries. The list is an activity that the Economy and Innovation program develops regarding those affected who provide services or products. Thus, we encourage the Foundation and contractors to buy these products, fostering the local economy,” says Cristiano Matos, technician of the Economy and Innovation program at the Renova Foundation.

Here you can find the list with the suppliers of the territories and, in case you have any doubt, look up the Economy and Innovation program in your town!

Solidarity economy

The concept of solidarity economy, which gained strength in Brazil in the 80s and 90s, refers to the transformation of ways of buying and selling products or services. This model is even more important when unemployment rates are high or when small entrepreneurs are having a difficult time, such as during the current pandemic due to the new coronavirus.

In a solidary economy, workers become business owners, responsible for making decisions and sharing the results. Cooperatives and associations are examples of this, as they work in a collaborative way and the needs of the group as a whole are prioritized. This model is also characterized by solidarity, equality, self-management, and democratic-participative organization.

Another fundamental point in the solidarity economy is to consider the well-being of both the people involved in production and those who consume the product or service. Thus, it is possible to generate work and income with a focus on the development of society, while considering the impacts of the actions on the environment and the community.

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