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Sustainability Report - Petrobras

Sustainability report

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Our Sustainability Report deals with facts and data that occurred in 2019. However, the impacts of the Covid-19 pandemic (coronavirus) and the sharp drop in oil prices led us to report the main risks and uncertainties arising from this new scenario, including our position and the actions taken in early 2020 (until May 14, 2020).

First, the report provides information about the current context, when we redoubled our efforts regarding the health of our employees and the safety of our operations, while acting quickly to preserve the company's financial health.

In the opening chapters, we highlight the main indicators and numbers of our operations, and describe how we generate value for the business. Considering that the generation of value does not come only from the operation of our assets, but from our way of doing it, the social, environmental, and governance topics received specific chapters, following the guidelines for sustainability reporting of the Global Reporting Initiative (GRI Standards), in the Comprehensive option. For the first time, we used the IPIECA Oil and Gas Industry Guide for Voluntary Reporting as a supplementary reporting methodology. IPIECA is the global oil and gas industry association for advancing environmental and social performance.

Our strategy includes a permanent commitment to respect human rights, in accordance with the principles of the United Nations Global Compact and inspired by the Sustainable Development Goals. Therefore, we also present the correlation between our activities and these principles and objectives.

A crisis like the one we are living in usually teaches many lessons. We are confident in our ability to overcome challenges, which allowed us achieve extremely positive results in 2019.

 

Check our other 2019 Annual Reports.

Check our 2018 Sustainability Report.