Brasil Business news

Brazil: Aegea Saneamento and BNDES signal partnership for forest restoration

It is a machine translation of Aegea’s press launch

São Paulo, November 22, 2022 – Aegea, a number one firm within the personal sanitation sector, and BNDES (Nationwide Financial institution for Financial and Social Growth) have entered right into a partnership for the corporate to affix the Floresta Viva Program – an initiative led by the financial institution that helps tasks in Brazilian biomes, defending water sources and finishing up reforestation.

The adhesion contract was signed this Monday (twenty first), on the BNDES workplace in Brasília, by the CEO of Aegea, Radamés Casseb, and by the president of the BNDES, Gustavo Montezano. The construction is a “ matchfunding ”, that’s, for each R$1 from the personal sector, the financial institution places in one other R$1. reforestation packages within the Guariroba and Cabeceiras Basins of the Pantanal and within the Maricá-Guarapina Lagoon System and within the Surui River Environmental Safety Space, in Rio de Janeiro.

By becoming a member of the Floresta Viva Program, Aegea reaffirms its dedication to environmental safety and expands its actions geared toward preserving the local weather, by way of carbon seize by nature, sustaining biodiversity, preserving the soil and growing water resilience within the biomes the place it’s current, since reforestation is likely one of the handiest methods of preserving water sources in river basins throughout the nation. By the partnership, 200 hectares can be restored in vital areas the place Aegea is current in Rio de Janeiro, Mato Grosso and Mato Grosso do Sul.

“This initiative is in keeping with our pillar of defending the surroundings, with the growth of water resilience by means of the forest restoration of watersheds in areas the place we’re current”, says Radamés Casseb, CEO of Aegea. “As leaders in our sector, we perceive our function of investing in actions that generate environmental and social impacts and the significance of becoming a member of forces for the continual development of a legacy for the advantage of the nation and future generations”, he provides.

“Floresta Viva is an initiative that may generate environmental, local weather and financial revenue for its donors, with precious social impacts for the communities. Aegea is yet one more firm that believes in and works with the BNDES within the new economic system of sustainability. With it, there are already 15 associate establishments of the Financial institution that collectively leverage their efforts and stroll in direction of the longer term”, celebrates Gustavo Montezano, president of BNDES.

Residing Forest Program

Launched in November 2021, Floresta Viva is an initiative aimed on the ecological restoration of Brazilian biomes with a concentrate on the formation of ecological corridors and the restoration of watersheds. The unique funding goal was R$500 million over seven years, with as much as 50% of the Financial institution’s sources. This whole quantity was exceeded by 37% and has already reached R$ 686.27 million. The aim of the initiative is to hold out tasks to extend the vegetation cowl with native species in all Brazilian biomes, along with strengthening the technical and administration construction of the manufacturing chain within the ecological restoration sector. The anticipated outcomes are the discount of abrasion processes, the preservation of biodiversity, the upkeep of water sources and the advance of the microclimate.

With matchfunding , the BNDES intends to achieve R$ 1 billion in investments, attain between 32,000 and 66,000 hectares of restored space, and take away as much as 18 million tons of carbon dioxide from the ambiance, contemplating a vegetation development cycle of 25 years.

About Aegea

Aegea Saneamento is a pacesetter in personal sanitation, working by means of its concessionaires in a number of states of the nation. With important development, Aegea jumped from six municipalities served in 2010 to 178 in 2022, distributed in 13 states, benefiting roughly 26 million folks. This development was solely attainable because of the corporate’s enterprise mannequin, which relies on operational effectivity, assembly targets and accountable investments, and alignment with ESG (Environmental, Social and Company Governance) ideas. For extra data, go to: http://www.aegea.com.br/

About BNDES — All through its 70-year historical past, BNDES has been the Authorities’s foremost instrument for selling long-term investments within the Brazilian economic system, along with being one of many foremost financiers of micro, small and medium-sized firms within the nation. The Financial institution additionally has an vital anti-cyclical function in instances of disaster, as one of many formulators of options for the resumption of financial development. At the moment, the BNDES works with a concentrate on creating and sustaining jobs, enhancing public companies in Brazil, similar to schooling, well being and sanitation, along with supporting the nation within the simply transition to a carbon impartial economic system. Our goal is to remodel the lives of generations, selling sustainable improvement.

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