Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 118

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 118
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 chain, with an emphasis on integrating responsible processes throughout the entire value chain. Aligned with these principles, we have been continuously investing in the development of synchronization solutions for our MRO (Maintenance, Repair, and Operations) materials supply chain. Such initiatives are applied across all business areas of the company — Exploration and Production (E&P), Refining, Natural Gas Processing Units, and Thermoelectric Plants — with the aim of ensuring the requested service levels while reducing cash immobilization and CO2 emissions, thereby contributing to a more sustainable and efficient business model.
Total Recordable Injury Rate
 Taking care of people is one of our’ values. Our goal is to operate within the best global safety standards. One of our top metrics is the Total Recordable Injury Rate (the “TRIR”) below 0.7.
 Within an evolutionary and continuous improvement process, Petrobras’ TRIR – which until 2015 was above 2.0 – has, in the last three years, been consolidating close to 0.7. The historical series demonstrates that the Oil and Gas industry, together with Petrobras, has been reducing these rates in recent decades, having achieved the best historical result, in the 2020 – 2021 biennium, during the period of the COVID-19 pandemic. With the full resumption of activities in 2022, a return to 2019 levels can be seen, not only at Petrobras but throughout the industry. We monitor critical process indicators monthly in its critical analysis meetings, notably its top metrics such as TRIR.
  
Annual Report and Form 20-F 2024 |

In 2024, we achieved a TRIR of 0.67, representing a 16% reduction from 2023 (0.80), also below the 2021-2023 average (0.71). In accordance with the existing management mechanisms, we have implemented initiatives to enhance our safety standards. A critical analysis of the TRIR enables us to develop strategic actions for 2025, focusing on reducing severe incidents, in line with the ambition of ZERO Fatalities.
 
<{self.tag} alt="{self.alt}" src="{self.src}">TOTAL RECORDABLE INJURY RATE – TRIR
  
Although we develop prevention programs in all of our operating units, unfortunately we recorded four fatalities involving contractors’ employees in 2024 (compared to two fatalities in 2023). Our procedure is to investigate all incidents reported in order to identify their causes and take preventative and corrective actions. These