Renova Foundation

THE RENOVA FOUNDATION CLOSES 2021 WITH RECORD OF INDEMNIFICATIONS AND FINANCIAL AID

Published in: 03/04/2022

Indemnity

Last year alone, approximately R$ 5.64 billion was paid, almost triple the amount initially estimated in the Budget for the year

The Renova Foundation ended 2021 with more than BRL 8.71 billion paid in compensation and Emergency Financial Aid (AFE) for the damage caused by the Fundao dam collapse (MG) to about 363,500 people.

Last year alone, approximately R$ 5.64 billion was disbursed in compensation and financial aid. This value is 182% higher than initially forecast for 2021: BRL 2 billion.

In this context, the Renova Foundation is moving towards definitive financial reparation.  By the end of 2021, the Renova Foundation had disbursed BRL 19.6 billion in compensation and financial reparation actions.

“This growth is due to the Simplified Indemnity System, implemented by the Renova Foundation following a court decision, when compensation gained new momentum, unlocking informal payments”, says Mariana Azevedo, manager of Integrated Management of Compensation Solutions at the Renova Foundation.

The Simplified Indemnity System allows the indemnification of often informal categories such as artisans, cart drivers, washerwomen, subsistence and informal fishermen, sand harvesters and others. The system also compensates formal categories such as professional fishermen, boat owners and companies such as hotels, inns and restaurants. Residents of 45 impacted municipalities have access to the System. In 2021, 51.8 thousand people received their compensation for this flow, corresponding to the total amount paid of R$ 5.1 billion.

For those who have proven damage, financial compensation is also handled by the Renova Foundation through the PIM/AFE System. It includes those who meet the criteria of the Mediated Indemnity Program (PIM) and the Emergency Aid Program (AFE), as provided for in the Transaction and Conduct Adjustment Agreement (TTAC).

 

Amount paid and people indemnified by the Simplified Indemnity System by location as of December 2021 (approximate numbers):

 DistrictNumber of beneficiariesAmount Paid (BRL)
1Aimores:6.1 thousand576 million
2.Aracruz3.7 thousand393 million
3.Baixo Guandu7.6 thousand689 million
4.Belo Oriente2.9 thousand241 million
5.Bom Jesus do Galho1 thousand97.6 million
6.Bugre19818 million
7.Colatina1.7 thousand175 million
8.Conceicao da Barra2.9 thousand355 million
9.Governador Valadares57045 million
10.Itueta67064 million
11Linhares6.6 thousand661 million
12.Naque2.2 thousand176 million
13Periquito1.7 thousand167 million
14Rio Doce940105 million
15.Santana do Paraiso53046 million
16.Sao Mateus4 thousand479 million
17.Resplendor1.2112 million
18.Sem-Peixe12012 million
19.Ipaba60058 million
20.Caratinga26027 million
21.Fernandes Tourinho12011 million
22.Marilandia757 million
23.Santa Cruz do Escalvado1.6 thousand182 million
24.Sao Jose do Goiabal1 thousand100 million
25Galileia55054 million
26.Pingo d´Água10010 million
27.Tumiritinga1.5 thousand147 million
28.Ponte Nova40057 million
29.Dionisio19018 million
30.Rio Casca858.5 million

 

About the Renova Foundation

The Renova Foundation is a private non-profit organization, created with the sole purpose of managing and executing the actions and programs for reparation and compensation of the damage caused by the Fundao Dam collapse.

The Foundation was established in March 2016 by means of the Transaction and Conduct Adjustment Term (TTAC), signed between Samarco, its shareholders Vale and BHP, the federal government and the state governments of Minas Gerais and Espirito Santo, as well as several authorities, foundations and institutes (like Ibama, Chico Mendes Institute, National Water Agency, State Forestry Institute, Funai, Governmental Departments of Environment, among others).

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