Engagement in public policies, Advocacy and Financial support

Engagement in public policies, Advocacy and Financial support

We are a mixed-capital company, the majority of whose voting capital belongs to the Federal Government. As an instrument of State action in the economy, our role goes beyond generating profit for shareholders. We contribute to the country’s economic and social development, supporting the implementation of public policies, without compromising our profitability and financial sustainability. 

 

By executing our corporate purpose in alignment with the priority public policy agenda of the energy sector, we promote energy security, environmental protection and social well-being, while remaining profitable and sustainable. This action reflects our institutional value of Commitment to Petrobras and to the country. 

 

When we refer to public policies, we mean strategic State actions to address collective problems and achieve socially determined objectives, on a local, regional or national scale. 

 

Our action oriented to public policies and to the public interest must be compatible with our corporate purpose and, in general, with market conditions. Under no circumstance can it jeopardize our profitability and financial sustainability. Profitability is a fundamental premise for prioritizing our investments, requiring technically and economically viable projects. 

 

Our actions for decarbonization and energy transition seek to favor the country’s progress in its Sustainable Development Goals (SDGs) of Agenda 2030, especially SDGs 7, 8, 9, 10, 12 and 13. 

 

In our Business Plan (BP 2026-30), we maintain the strategies defined in the 2050 Strategic Plan (SP 2050) and reaffirm our vision of being the best diversified and integrated energy company in value generation, building a more sustainable world, reconciling our focus on oil and gas with diversification into low-carbon businesses (including petrochemicals, fertilizers and biofuels), sustainability, safety, respect for the environment and full attention to people. 

 

Thus, we collaborate to achieve the public policy objectives implemented by the Brazilian government, aligned with our strategy and corporate purpose, under market conditions and preceded by technical analyses and the due decision-making process. These initiatives, in addition to being aligned with strategic values, are profitable and essential to ensure our operational efficiency, innovation and long-term sustainability, and bring direct benefits to society, including energy security, job creation, technological development and emissions reduction. 

National Climate Change Policy and Climate Plan

National Climate Change Policy and Climate Plan

The Climate Plan, launched by the Federal Government, guides and feeds a series of public policies aimed at transforming energy supply and demand, such as the National Climate Change Policy (Law no. 12,187/2009) and the National Energy Transition Policy (CNPE Resolution no. 5/2024). 

 

We participate in the process of drafting the plan’s guidelines, especially aiming at the reduction of emissions and the development of a cleaner energy matrix, while recognizing the need for inclusive and sustainable economic growth and solutions for climate resilience. Through this participation and the observation of scenarios and trends from the perspective of energy planning and sectoral greenhouse gas emission targets aligned with Brazil’s Nationally Determined Contribution (NDC), it is possible to update assumptions of risks and opportunities for our strategic planning and business plan. 

 

The Ecological Transition Plan (PTE), now called New Brazil, managed by the Ministry of Finance, is intrinsically integrated with the National Climate Change Plan, with the PTE providing part of the necessary execution and investment infrastructure. The PTE has financing instruments, including public resources from the Climate Fund managed by the Brazilian Development Bank (BNDES), green bond issuance and programs to attract private investment. Part of the PTE measures still depend on regulation, for example the Brazilian Emissions Trading System (SBCE). 

Next Chapter