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MATERIAL FACT Companhia de Saneamento Básico do Estado de São Paulo - Sabesp , pursuant to the provisions of Brazilian Securities and Exchange Commission Resolution nº 44,.
ACT Alliance Rapid Response Fund (RRF): Environmental and Floods Disaster in São Paulo, Brazil (25 January 2021)
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Background
The São Paulo State is home 45 million people ranging from very vulnerable communities to well structure urban and rural areas. From the beginning of the pandemic, it is the epicentre of the COVID-19 in Brazil, with around 1.5 million cases and 47,768 deaths until this day. By December 2020, the summer storms season started, bringing great damage to the poorest areas of São Paulo. From 2016 to 2020, more than 75 people died from floods, 35 only in 2020.
In the São Paulo Municipality, the most affected districts are in the East, the Northwest and the South. The Jacuí and Jardim Santa Helena neighbourhoods are in an area that follows the river course of the Rio Tietê. The Grajaú district has many poor communities living in the shore of the city’s larger reservoir in informal settlements.