Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 122

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 122
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 rates decline, there is a natural tendency for the intensity of E&P activities to increase over time. To minimize this increase, we implement measures to (i) optimize energy use and reduce losses in existing operations; (ii) incorporate low-carbon technologies into new projects; and (iii) study and implement disruptive long-term decarbonization solutions. For more information on our ESG commitments and investments in decarbonization, see the “Strategic Plan 2050 and Business Plan 2025-2029” section of this report.
 

Annual Report and Form 20-F 2024 |

In 2024, our performance in terms of GHG emissions was as follows:
 –       Total GHG emissions of 47 million tCO2e, about 2% higher than the previous year, but lower than the achieved in the years of 2022 to 2015;
 
–                                  Carbon                              
    intensity in E&amp;P of 14.8 kgCO2e/boe(1), below the 15 kgCO2e/boe
                     commitment to be achieved by 2025;                
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–                                 Carbon                              
    intensity in Refining of 36.2 kgCO2e/CWT(2), the lowest historical
                               outcome; and                           
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–                                   Methane                                
    intensity in E&amp;P of 0.20 tCH4/mil tHC, a reduction of 0.02 tCH4/mil
                             tHC compared to 2023.                         
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 (1) The kg CO2e / boe indicator considers gross oil and gas production (wellhead) in its denominator.
 (2) The kg CO2e/CWT indicator uses the CWT (Complexity Weighted Tone) methodology, developed by Solomon Associates and CONCAWE (Conservation of Clean Air and Water in Europe – the association of European oil refining and distribution companies and gas) specifically for the European oil refining industry, and was adopted by the European Emissions Trading System (EU Emissions Trading System, EU ETS) in setting the sector’s GHG reduction targets. The CWT (Complexity Weighted Tonne) considers both the effect of processed cargo and the complexity of each refinery, allowing for the comparison of GHG emission potential between refineries with different profiles and sizes.
 
The drivers for the GHG emissions results in 2024 were the gain of efficiency and loss reduction actions implemented in the operational segments, which helped mitigate the increase