How we work: learn about our labor practices

We believe in and defend good labor relations practices, complying with the Brazilian laws and international labor conventions. This includes repudiating child labor, forced and degrading labor throughout our production chain, in line with our commitments. Social Responsibility Policy.

Our Human Resources Policy has the premises and guidelines that guide labor relations and practices and are deployed throughout the Company.

Our Code of Ethical Conduct also guides our working relationships, defining the ethical principles and corporate governance policies that guide Petrobras' actions and its commitments to conduct, both institutionally and for its employees. These documents also address the Company's governance mechanisms, based on the ethical sense of our mission, our vision and strategies, helping to increase transparency and confidence of all our stakeholders.

Supply chain

We are committed to the highest standards of integrity, social and environmental responsibility, and ethical conduct. Therefore, we demand the same attitude from our supply chain, in accordance with our compliance guidelines.

An example of that are the monthly lives with the supplier market so that we can disseminate compliance practices, instruct about our business model and contracting procedures, in addition to sharing information on relevant projects. Find out more about this and other initiatives in our 2022 Sustainability Report.

Care for people

Our people management seeks to meet the needs of the business, with respect and appreciation of people, through processes that provide their development, performance, and a good organizational environment, based on the Company's values and ethical principles and recognition.

In this context, the new Strategic Plan 2024-2028+ (PE 2024-28+) aims to prepare Petrobras for the future and strengthen the company and will be implemented with full attention to people, safety and respect for the environment, offering our employees equal opportunities, respecting gender differences and the diversity of cultures, knowledge, and skills. One of our priorities is also to promote work safely, preventing risks and encouraging healthier lifestyles.
Therefore, one of Petrobras' Values is CARE FOR PEOPLE, which focuses on caring for people, promoting diversity, equity, inclusion, health, well-being and physical and psychological safety.

In 2023, we launched the Petrobras Statement of Diversity and Combat of Harassment and Discrimination in the Workplace, which expresses our commitment not to tolerate any harassment or discrimination conduct. We act assertively in raising awareness about the importance of respect for people for a healthy, inclusive, and safe environment, and we are committed to dealing with cases of harassment or discrimination that may be identified.

An important milestone in 2023 was the publication of the Diversity, Equity and Inclusion Policy, approved by the Board of Directors on 09/22/2023. The policy aims to reaffirm our principles and guidelines in relation to the topic of diversity, equity and inclusion. Among the main advances anticipated are the implementation of affirmative actions aimed at underrepresented groups and the establishment of goals and indicators for diversity, equity and inclusion. This new policy is the critical and necessary solid foundation for us to continue in the tireless pursuit of a diverse, inclusive and safe environment for all. The new policy is being implemented in our wholly-owned subsidiaries, thus maintaining the strategic alignment of the Petrobras System.

Human Capital Development

From time to time, some human resource issues — compensation, benefits, and working conditions, for example —need to be revisited. The negotiation leads to the execution of a new (collective or individual) employment contract, with a term that varies according to what is agreed between the parties, observing the maximum period of two (2) years, pursuant to the law. See here the main highlights of our Collective Bargaining Agreement (ACT) in effect.

Our labor practices cover all employees in their (administrative and operational) units. Here are some highlights¹:

a) 100% of employees covered by the ACT 2023-2025;
b) 100% of employees received regular performance analysis in 2023 for the year 2022, representing 91,4% of total employees on December 31, 2023;
c) 98,8% of employees participated in training and development actions in 2023.

Aiming at the sustainability of the business and the good practices of our labor relations, we seek to develop people to achieve the goals and preserve the company's unique technical and management capacity, also seeking to promote diversity, equity and inclusion in the attraction, admission and career processes, increasing the inclusion of underrepresented groups and the creation of an inclusive work environment.

Human Capital Development Highlights

Employee Engagement¹

• Job satisfaction: I'm proud to tell other people I work here. - Favorability: 85%.
• Purpose: My work has a special meaning. For me, it's not just "another job". - Favorability: 79%.
• Happiness: I would definitely recommend my company to friends and family as an excellent place to work. - Favorability: 80%.
• Stress: This is a psychologically and emotionally healthy place to work. - Favorability: 62%.

Petrobras used engagement survey's results as input to deploy its strategyc plan into HR actions and thus promote a better, healthier, diverse, inclusive and productive work environment.
¹ Petrobras Holding (ParentCompany)