Fundo Vale

FUNDO VALE 2024 PERFORMANCE REPORT

In 2024, Fundo Vale celebrated its 15th anniversary with the “Sowing the Seeds of the Future” campaign, highlighting its role as a driver of sustainable change in the impact ecosystem. Aligned with its 5Cs operating strategy, the organization continued to promote innovative solutions across the bioeconomy, forest and climate agendas, always in collaboration with a broad network of partners.

This report summarizes our main results in 2024, organized according to our strategic pillars and underpinned by our Theory of Change. Each achievement reflects the power of coordinated action guided by the purpose of addressing major social and environmental challenges to build a more just, inclusive and sustainable economy.

Accumulated results* up to 2024

*Accumulated data from 2009 to December 2024, compiled in April 2025.

invested

carbon credits generated by REDD+
project since 2022

hectares restored via
sustainable systems

impact businesses supported
directly and indirectly

initiatives
supported

partners

2024 results*

* Data refers to period from January to December 2024, compiled in April 2025.

R$ 97,52
million in investments

production chains impacted by initiatives

products and services sold by supported enterprises

impact enterprises directly and indirectly supported by Fundo Vale

networks and alliances across the Amazon of which we are part

people impacted, directly or indirectly by supported businesses and initiatives

5Cs Strategy

2024 Highlights

Catalyze social and environmental impact businesses Invest and unlock patient, catalytic and flexible finance capital Work in coalitions to better understand and engage with different actors within the ecosystem as part of a systemic approach   Build capabilities by producing and disseminating knowledge in order to develop and strengthen partners and individuals Contribute to achieving Vale’s Sustainability Commitments 

More than 200 enterprises supported and 2,000 people trained, through support for four programs: Amazon Journey; Amazon Impact Accelerator (AMAZ); Amazon at Home, Intact Forest movement; and Amazon Entrepreneurship Program.

Sustenta.Bio project: Partnership with ICMBio to strengthen six production chains in 14 Conservation Areas in the Amazon. Seven projects signed, involving more than 30 organizations. Planned investment of R$24 million by 2027.

Vale’s 2030 Forest Goal: support for impact businesses Belterra, Caaporã, Inocas, Radix and CAMTA. Focus on increasing social and environmental impact, institutional strengthening, and financial sustainability.

5Cs Strategy

2024 highlights

Catalyze social and environmental impact businesses

Mais de 200 empreendimentos apoiados e 2 mil talentos capacitados, por meio do apoio a 4 programas: Jornada Amazônia, AMAZ Aceleradora, Amazônia em Casa e Empreende Amazônia.

Projeto Sustenta.Bio: Parceria com o ICMBio para fortalecer 6 cadeias produtivas em 14 Unidades de Conservação na Amazônia. 7 projetos assinados, envolvendo mais de 30 organizações. Investimento previsto de R$ 24 milhões até 2027.

Meta Florestal 2030 da Vale: apoio aos negócios Belterra, Caaporã, Inocas, Radix e CAMTA. Foco no aumento do impacto socioambiental, fortalecimento institucional e sustentabilidade financeira.

Invest and unlock patient, catalytic and flexible finance capital 

Work in coalitions to better understand and engage with different actors within the ecosystem as part of a systemic approach  

Build capabilities by producing and disseminating knowledge in order to develop and strengthen partners and individuals

Contribute to achieving Vale’s Sustainability Commitments 

Programs

Strategic pillars

Vale’s 2030 Forest Goal Abrir

In 2018, Vale committed to protecting 400,000 hectares of habitat and restoring another 100,000 hectares outside its sites. This is one of the most robust projects in the sector, which also contributes to another strategic goal of the company: becoming carbon neutral by 2050. Fundo Vale supports its sponsor in defining strategies and implementing sustainable systems, involving business arrangements that have positive social and environmental impacts, aimed at restoring the 100,000 hectares planned for the end of this decade.

Amazon and Bioeconomy Abrir

Since its creation, Fundo Vale has invested in social and environmental impact solutions and businesses that protect and restore areas of the Amazon Rainforest and other Brazilian biomes. This transformation is made possible by working in collaboration with various stakeholders, including communities, civil society organizations, government bodies, academia, companies and investors. In 2024, this work intensified with the strengthening and expansion of partnerships, leveraging results and contributing to the legacy that Fundo Vale seeks to leave for Brazil and the planet.

Catalytic Capital for Nature Abrir

Fundo Vale sees philanthropic capital as a catalyst to attract resources from different sources for social and environmental impact businesses. With this focus, it supports the creation of disruptive financial mechanisms that promote innovative solutions and unlock market capital, expanding the reach and sustainability of social and environmental financing. We are committed to a blended investment strategy that combines resources from multiple sources to drive the land use, forestry and climate agendas.

FOREST GOAL VALE’S 2030

To achieve the habitat recovery component of Vale’s voluntary 2030 Forest Goal, which involves restoring 100,000 hectares of land by 2030, Fundo Vale continued to strengthen sustainable production schemes, develop innovative financial instruments and expand access to resources and markets for sustainable businesses. It also acted as a catalyst for hybrid investments, combining public, private and philanthropic capital, while connecting sustainable offtakers (buyers) to production chains.

Main results

+R$77,79 M
in direct investments
in businesses

+R$6,77 M
in non-financial support

0,55
hectares

implemented
in two biomes

Amazon Rainforest 0,65 %

Cerrado Savanna 0,35 %

Sustainable systems used

Hectares implemented

5,829

Total

3,000

Assisted forest regeneration

1,965

Integrated crop, livestock and forest systems

863

Agroforestry

Diversified forestry

species implemented

70% native, up from 5 native species in previous years

Forest Goal portfolio

Belterra
Caaporã
Inocas
Radix
CAMTA
Investment in a forest fund using Vale’s resources

Partners

Vale Institute of Technology (ITV)
Vale Natural Reserve (RNV)
Embrapa
Fruto Agrointeligência
Horus BI
Imaflora
JGIM
Palladium
Mirrow
Verdeau
Provalia

+ 0

people directly
and indirectly impacted

jobs created

+ 0

people trained in sustainable cocoa growing

AMAZON AND BIOECONOMY

In 2024, Fundo Vale deepened its work in the Amazon through the “Amazon Now!” strategy, spearheading eight initiatives focused on the bioeconomy and sustainable development in the region. It also supported Vale’s Social Ambition – a pilot project carried out in the Amazon Rainforest, which aims to help 500,000 people leave extreme poverty by 2030. Fundo Vale works in collaboration with organizations that share the same objectives and expected impacts, as set out in its Theory of Change.

+0.000

people impacted through supported programs

Based at the businesses head office

+R$ 0 million

mobilized to provide access to credit via supported initiatives

Sustainable Use Conservation Areas in the Amazon benefiting from the Sustenta.Bio program, covering almost 10 million hectares

value chains impacted

Initiative	Partners
Climate Innovation Agenda in Brazil	Climate Ventures
Nature-Positive Meals for COP30	Amazon Socio-Bioeconomy Business Association (ASSOBIO)
Living Amazon	Brazilian Biodiversity Fund (FUNBIO) and Natura
Cocoa Chain	Imaflora
Pará Bioeconomy Innovation Center	CERTI Foundation
Brazil Nut and Açaí Berries Collectives	Operation Native Amazon
Forest Peoples Connection	Forest Peoples Connection Institute
Eradication of Poverty in the Amazon	Sustainable Amazon Foundation
Living Forest – Restoration of Xingu River Basin	Brazilian Biodiversity Fund (FUNBIO) and Brazilian Development Bank (BNDES)
Fisheries Resource Management	Mamirauá Institute
Amazon Journey	CERTI Foundation
Latimpacto – Year 4	Phi Institute
Fair and Sustainable Community Management	Carauari Rural Producers’ Association (ASPROC)
Forest Management and Protection	Tropical Forest Institute
Land Planning and Reform in State of Pará	Amazon Environmental Research Institute (IPAM)
PrevisIA	Institute for the Amazon’s People and Environment (Imazon)
Promotion of Sustainable Production Chains	Amazon Conservation and Sustainable Development Institute (Idesam)
Restoring the Amazon – An Alliance for All	Amazon Restoration Alliance
Resumption of Community Forest Management	Tropical Forest Institute
Social and Biological Diversity in Terra do Meio Region	Iriri River Extractive Reserve Residents’ Association (AMORERI)

Sponsorship

Initiative
Amazon Special Edition of Stanford Social Innovation Review	Stanford Social Innovation Review
Amazon Entrepreneurship Program	Pará State University Center (CESUPA)
3rd Amazon Impact Investing and Sustainable Business Festival (FIINSA)	Idesam and Impact Hub
Knowledge Bioeconomy Study	ICC Brasil and Systemiq
Go Blended Journey	Dinamo
Model C Review	Move Social

Participation in Networks and Collaborative Spaces

• Amazon Restoration Alliance – Restoration Bioeconomy Working Group

• Aspen Network of Development Entrepreneurs (ANDE)

• Brazilian Business Council for Sustainable Development (CEBDS) – Amazon Working Group

• Brazilian Climate, Forests and Agriculture Coalition

• Cooperation for the Amazon Movement

• Latimpacto – Management Council

CATALYTIC CAPITAL FOR NATURE

In 2024, Fundo Vale consolidated its work in its Catalytic Capital for Nature pillar through a venture philanthropy strategy focused on catalytic investments using philanthropic resources. Meanwhile, our Innovation Area continued to act transversally, promoting connections and collaborative solutions for forest protection, development of the bioeconomy and mitigation of the climate crisis.

Main results

Based at the businesses head office

+ 0.0

people impacted, directly or indirectly by supported initiatives

value chains impacted

Açaí berries, Brazil nuts, macaúba palm, latex and rubber, cocoa, among others

Support for development of financial instruments, mobilizing

+R$ 0M

in loans

Initiative	Partners
Amazon Impact Accelerator (AMAZ)	Idesam
Impact Finances	Sustainable Connections Institute (Conexsus)

Participation in Networks and Collaborative Spaces

• Financial Innovation Lab – Green Finance Working Group – Agriculture and Sustainable Land Use Subgroup

• Financial Innovation Lab – Green Finance Working Group – Carbon Market Subgroup

• Financial Innovation Lab – Impact Working Group – Blended Finance Structures Subgroup

• Financial Innovation Lab – Impact Working Group – Metrics Subgroup

Innovation

This cross-cutting area acts as a catalyst for social and environmental impacts within Cubo Itaú’s innovation environment, connecting technologies, entrepreneurs, investors and institutions.

Cubo Impact Journey

In 2024, Fundo Vale positioned itself as an important impact catalyst within Cubo Itaú.

Results:

• 17,679 people sensitized

• 1,158 people present at events

• 167 connections made

• 5 strategic partnerships formed

• 1 business created

• 12 events held by Fundo Vale

• 31 participations in events

Vale Impact Network

Pioneering strategy to engage Vale employees and contractors in the positive social and environmental impact agenda

Results:

• 363 participants

• 52 mentors trained

• 20 businesses mentored

• 41 investors trained

• 4 external partners supporting the initiative