Sustainability Report
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Acting with integrity

2 minute read
Corporate governance

 

In April 2023, our Board of Directors (BoD) approved the creation of the company's Energy Transition and Sustainability Executive Office, which began to coordinate decarbonization, climate change, new technologies and sustainability activities and will incorporate Petrobras' natural gas marketing activities. This is an important milestone for us to follow the best market practices, thinking about a more sustainable company and aligned with the growing demand for renewable energy.

 

In October 2023, our Executive Board approved the restructuring of the Governance and Compliance Executive Office (DGC), which became more robust and now has four executive managers and two general managers. The new structural design creates the executive department of Disciplinary Accountability and the general department of Strategic Information and Monitoring of the Integrity System. The Disciplinary Accountability area will act as an internal affairs department, having, among its responsibilities, responsibility for deviations and non-conformities, including those of third parties, such as suppliers and other legal entities that have relationships with Petrobras.

 

In the same restructuring, an area was created, led by a woman, to specifically deal with complaints related to violence at work (sexual violence, moral harassment, retaliation, and discrimination). In the same restructuring, an area was created, led by a woman, to specifically deal with complaints related to violence at work (sexual violence, moral harassment, retaliation, and discrimination).

 

Another important initiative was the approval by the Board of Directors, on September 21, of the Diversity, Equity, and Inclusion Policy, which is currently in the process of being implemented within the controlled shareholdings, thus maintaining the strategic alignment of the Petrobras System.

GOVERNANCE STRUCTURE


 

The following table shows the composition of our senior governance bodies:

 

 

Compensation associated with sustainability objectives

 

In the 2023-27 Strategic Plan, we presented four top metrics, three of which were used in 2023 for variable remuneration for all our employees (IAGEE, VAZO and Delta EVA®). These metrics are elements that translate and quantify the attributes of our vision and provide more explicit guidance regarding the main objectives of the company, in order to ensure that activities are aligned with the main commitments established in the plan. It is worth noting that the IAGEE indicators (Greenhouse Gas Emission Intensity Achievement Index) and VAZO (oil and products spilled volume indicator) are related to the ESG theme, committing the entire company to these goals

 

 

 

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