Petrobras creates management with a sustainable focus

Petrobras said in a statement that the company's Board of Directors approved the creation of the Executive Management of Climate Change. The industry will be responsible for leading the company's actions on carbon management, reducing atmospheric emissions, energy efficiency and climate change. 

According to the oil company, the new structure will be linked to the Executive Board of Institutional Relationship, which is now called the Executive Board of Institutional Relationship and Sustainability. 

"The creation of the Executive Management of Climate Change aims to improve governance and increase the focus on reducing greenhouse gas emissions and capturing carbon. We have adopted a policy of transparency in our commitments related to emissions and we chose to use technological innovations applied to our core business, reconciling the maximization of shareholder value with the return to society of actions aimed at minimizing the warming of the Earth", explains Roberto Castello Branco, president of the company. 

Recalling that the state came to join, in July, a global program to reduce emissions. The Oil and Gas Climate Initiative (OGCI– the Oil and Gas Climate Initiative) – an organization that Petrobras has been a part of since January 2018 – announced a goal to reduce the collective carbon intensity of the upstream operations of the member companies. The goal is to achieve the performance of 20 kg to 21 kg of CO2 for each barrel of oil equivalent marketed by 2025, from a collective baseline of 23 CO2e/boe in 2017.


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