The Vale Fund for Sustainable Development works in partnership with public institutions, companies and third sector organizations. Its purpose is to support projects that promote sustainable development, conciliating environmental preservation and conservation with improvements in socioeconomic conditions in developing countries.
A nonprofit civil society of public interest, the Vale Fund invests in broad-based, transformational projects. Its initial focus of work was the Amazon biome in Brazil, where it is now present in four states (Pará, Amazonas, Mato Grosso and Acre). In future, the fund plans to expand to other developing countries, especially other Latin American nations that are home to the Amazon forest biome and African countries.
In its first two years of activity, the Vale Fund for Sustainable Development invested more than US$21 million in 22 conservation projects in the Amazon region of Brazil. It is expected that by the end of 2012, almost US$30 million will have been allocated to projects to strategically monitor deforestation, strengthen protected areas and biodiversity, and promote “green municipalities.”
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Work done in partnership
The projects supported by the Vale Fund for Sustainable Development look for effective responses to key sustainability issues, and are carried out by organizations with a proven track record in the field. The aim is to work together with industry associations, civil society entities, public institutions and the private sector.
The Vale Fund for Sustainable Development’s partners include the following: the International Education Institute of Brazil (IEB), the Tropical Forest Institute (IFT), the Forest and Agriculture Management and Certification Institute (IMAFLORA), the Amazon Institute of People and the Environment (IMAZON), the Peabiru Institute, the Social and Environmental Institute (ISA), The Nature Conservancy (TNC), the Amazonas State Institute for Conservation and Sustainable Development (IDESAM), the Center of Life Institute (ICV), the Paragominas Rural Farmers’ Association (SPRP), and Amigos da Terra (“Friends of the Earth”).