Materiality

Annually, we review the sustainability topics most relevant to Petrobras and society. Our process for analyzing material topics is based on the perspective of real and potential, positive and negative impacts on people and the environment, including issues related to human rights, as well as risks and opportunities that may affect the company. 

In 2025, the materiality review process was guided by the Global Reporting Initiative (GRI) 3 – Material Topics (2021) Standard and the GRI 11 sector Supplement, focused on the oil and gas industry, the Sustainability Accounting Standards Board (SASB) Standard, the Sustainability Reporting Guidance for the Oil and Gas Industry from the International Petroleum Industry Environmental Conservation Association (Ipieca) and, in a complementary manner, the principle of double materiality in accordance with the European Sustainability Reporting Standards (ESRS).  

The materiality matrix was approved by the Executive Board on 02/04/2026. Such deliberation falls within the competence of the Executive Board, since the Board of Directors is only competent to deliberate on matters provided for by law, in the Bylaws or in regulations approved by the Board of Directors itself, with materiality not falling within these scenarios. The Executive Board constitutes the highest governance body responsible for the management of the company’s business, in accordance with the mission, the objectives, the strategies and guidelines established by the Board of Directors.  

                           ¹Includes economic impacts in the value chain;
                           ²Includes impacts related to information security, transparency, communication and management;
                           ³Includes the risk of regulatory uncertainties ;