Climate Changes
We are creating ways to advance on decarbonization and fair energy transition.
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Sobre as Mudanças Climáticas
Commitment to the planet
Our scenarios indicate that there will be persistent global demand for oil in the coming decades — albeit in decreasing volumes. In light of this, considering climate change in decision-making is an ethical requirement, incorporated into our health, safety, environment, and social responsibility policies
In this sense, it is important to enable solutions in new energies and decarbonization in pursuit of a just energy transition, reducing emissions, with social inclusion and development. Check out some of these actions in the Climate Change and Energy Transition Notebook 2025.
In this sense, it is important to enable solutions in new energies and decarbonization in pursuit of a just energy transition, reducing emissions, with social inclusion and development. Check out some of these actions in the Climate Change and Energy Transition Notebook 2025.
These actions are part of our path towards neutrality of operational emissions in the long term.
Caderno do Clima
Discover our Climate Change Supplement and see how we are moving towards a just energy transition
In our Climate Change Supplement, you will find complete and up-to-date information about our emissions reduction trajectory and our commitments in the face of the challenges imposed by climate changes. In this document, you can also better understand the current Brazilian and global energy scenario towards a just energy transition.
Nossos Pilares
Our pillars for carbon management and climate change
Given our scenarios and strategy, our actions related to climate change are supported by the three main pillars.
Transparency and Carbon Management
Includes governance of climate change and energy transition, involving various levels of the company and incorporating risks and opportunities in analyses and decision-making processes.
Oil and Gas (O&G) Competitiveness
Related to the resilience of the oil and gas portfolio, with actions aimed at maintaining operations with low costs and lower carbon intensity compared to the main companies in the sector, ensuring competitiveness even in scenarios of reduced demand.
Low-carbon companies, scope 3 emissions and just transition
We seek to reconcile the focus on oil and gas with the profitable diversification of the portfolio in low-carbon businesses as the most effective path to a just energy transition.
Compromissos de clima
Commitments to reduce the carbon footprint
In 2021, we set ourselves the ambition to achieve net-zero operational gas emissions within a timeframe compatible with the Paris Agreement, as well as influencing partners to achieve the same ambition in non-operated assets. Our commitments involve both actions on existing assets and the design of new projects.
We achieved our target for CCUS projects, reaching a cumulative reinjection of 80 million tons of CO2 by 2025. Our offshore CO2 reinjection program is considered the largest in the world (Global Status of CCUS 2022), in terms of annual capacity, and allows us to increase production efficiency while simultaneously reducing emissions per barrel.
In addition to this, our other five commitments to reduce our carbon footprint, focusing on mitigating climate change, cover 100% of the emissions under our operational control (Scopes 1 and 2), bringing 2030 targets. Learn more about each of our commitments.
Our goal is to reduce absolute operational emissions by 30% by 2030, compared to 2015, and achieve net zero emissions by 2050. It already considers the increase in production expected for the period and is supported by a set of systemic actions to be implemented in the coming years.
This goal encompasses 100% of assets operated in all our businesses, including power generation, for all greenhouse gases. It is a relevant material contribution, in the short and medium term, to fighting climate change. We also monitor operational emissions only from our oil and gas activities, which do not include calculation of the emissions arising from our operations in the thermoelectricity market.
This goal encompasses 100% of assets operated in all our businesses, including power generation, for all greenhouse gases. It is a relevant material contribution, in the short and medium term, to fighting climate change. We also monitor operational emissions only from our oil and gas activities, which do not include calculation of the emissions arising from our operations in the thermoelectricity market.
Including thermoelectricity, our emissions in 2025 were 36% lower than in 2015. Without the inclusion of thermoelectricity, our emissions were 18% lower than in 2015.
Our commitment is to seek continued improvement in the carbon efficiency of our E&P activities, with the goal of reaching 15 kgCO₂e per barrel of oil equivalent (boe) by 2030. And we are already within this goal.
Our emissions per barrel have fallen by more than half since 2009, reaching 14.7 kgCO₂e/boe in 2025. In the pre-salt layer, the numbers were even lower: its oil fields are among the least carbon-intensive in the world, with an average of 10 kgCO₂e/boe.
In the Refining segment, we set a goal of achieving a gas emission intensity of 30 kgCO2e/CWT by 2030. Between 2015 and 2025, this intensity has already been reduced by approximately 15%!
Flaring is the process of burning excess natural gas in refineries and oil platforms, adopted throughout the global industry to regulate pressure on-site and prevent explosions.
In 2018, we disclosed our support for the World Bank's “Zero Routine Flaring by 2030” initiative, which seeks to eliminate flare flaring by 2030, with meeting its criteria considered one of our Sustainability Commitments.
In 2025, routine flaring will account for only 8% of the total gas volume flared in E&P segment operations, and all of our new projects adopt zero-routine flare concepts, reinforcing the trend of continuous reduction of this percentage in the coming years
Our carbon intensity targets for the segments cover all greenhouse gases, including methane. Because methane has warming potential in the short term, we monitor this gas using specific indicators.
We are therefore committed to achieving an emissions intensity of 0.20 tCH4/thousand tons of hydrocarbons by 2030. That is: 0.20 tons of methane for every thousand tons of hydrocarbons.
Our previous goal was to reduce emissions intensity by 62% by 2025, compared to the year 2015. And it was surpassed: we reduced emissions by 65% (0.23 tCH4/thousand tons of hydrocarbons)!
As one of our Commitments, we project to achieve a cumulative total reinjection of 80 million tons of CO2 by 2025, which will contribute to technological evolution, cost reduction and demonstration of safety of CCUS technology for application in the oil and gas industry and in other sectors.
Our CO2 reinjection offshore program is considered to be the biggest in the world (Global Status of CCUS 2022), in relation to annual capacity, and has allowed us to increase production efficiency and simultaneously reduce emissions per barrel. In 2024 alone, we hit a new world record by reinjecting 14,2 million tons of CO2 in reservoirs — the largest amount allocated in a single year.
Since the start of the CCUS project, which began as a pilot in the Tupi field, we have already reinjected 53.7 million tons of CO2 in pre-salt reservoirs.
Our CO2 reinjection offshore program is considered to be the biggest in the world (Global Status of CCUS 2022), in relation to annual capacity, and has allowed us to increase production efficiency and simultaneously reduce emissions per barrel. In 2024 alone, we hit a new world record by reinjecting 14,2 million tons of CO2 in reservoirs — the largest amount allocated in a single year.
Since the start of the CCUS project, which began as a pilot in the Tupi field, we have already reinjected 53.7 million tons of CO2 in pre-salt reservoirs.
We seek a just energy transition for the environment and also for people
Oil continues to play an important role in the global energy matrix, but the advancement of fuels and renewable sources is an important and necessary path. Given this, we have implemented initiatives and strategies to reconcile the current focus on oil and gas with the search for portfolio diversification in low-carbon businesses. Find out how we're doing it.
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