Petroleo Brasileiro SA Petrobras, also known as Petrobras, has released the new edition of its Climate Change Supplement on April 30, 2024. The report provides detailed information on the company's emissions performance for the year 2023, highlighting a significant 41% reduction in operational absolute greenhouse gas (GHG) emissions since 2015, with a total of 46 million tons of GHG emissions in 2023. This achievement surpasses the previous year's figure of 48 million tons. Additionally, the company reported a 68% reduction in absolute methane emissions in its upstream operations compared to 2015. The document also notes the best historical results in emissions intensity for both upstream and downstream activities, with emission intensity per barrel produced more than halving since 2009. In refining activities, a 14% reduction in emissions intensity was achieved...Show More

Petroleo Brasileiro SA Petrobras, also known as Petrobras, has released the new edition of its Climate Change Supplement on April 30, 2024. The report provides detailed information on the company's emissions performance for the year 2023, highlighting a significant 41% reduction in operational absolute greenhouse gas (GHG) emissions since 2015, with a total of 46 million tons of GHG emissions in 2023. This achievement surpasses the previous year's figure of 48 million tons. Additionally, the company reported a 68% reduction in absolute methane emissions in its upstream operations compared to 2015. The document also notes the best historical results in emissions intensity for both upstream and downstream activities, with emission intensity per barrel produced more than halving since 2009. In refining activities, a 14% reduction in emissions intensity was achieved from 2015 to 2023. The Climate Change Supplement outlines Petrobras' strategies, risk management, and decarbonization initiatives in response to climate change challenges. The report is in line with the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines and aims to provide transparency on Petrobras' progress towards a just energy transition and decarbonization. The document is available on the company's website.