This initiative promotes the reforestation of degraded areas with both native and exotic species. In partnership with Brazil’s national development bank, BNDES, and the employees’ pension funds of Caixa Econômica Federal (Funcef) and Petrobras (Petros), in 2010 the initiative was transformed into Vale Florestar S.A., one of the biggest reforestation funds in Brazil.
The fund operates in parts of the Amazon region where large areas of forest have been cleared, and its aim is to encourage long-term forest enterprises. Through a multiplier effect, these enterprises will spread a culture of sustainable development.
Project passes the 95,000-hectare mark
Since the fund was established in 2007, 69 farms have been leased, covering an area of 989 km². Of this total, 625 km² is allocated to protecting and restoring native forest, 364 km² is being used for commercial plantations, and the remainder is for infrastructure required for tree planting and other purposes.
The project’s employees conduct constant site monitoring. If any fires break out, teams are activated and water tankers are used to fight them. These actions guarantee protection for the forests.