Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 112

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 112
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 generation (wind/solar); bioproducts (ethanol, biodiesel, and biomethane); low-carbon hydrogen; and carbon capture, utilization and storage (CCUS).
 

Annual Report and Form 20-F 2024 |
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ESG - Environmental, Social and Governance
  In our Strategic Plan 2050 and Business Plan 2025-29, we reaffirm our ambition of zero fatalities and zero leakages, in line with our commitment to life and the environment, which are non-negotiable values. We have integrated ESG elements into a single vision, summarizing our position according to the diagram below:
    This ESG diagram guides planning and stakeholder engagement and is aligned with our strategic elements and goals. Four key ideas are highlighted: (i) reduce carbon footprint; (ii) protect the environment; (iii) take care of people; and (iv) act with integrity.
   For each of these key ideas, a set of ESG drivers have been identified to support and guide our actions, projects, programs, and related commitments.
 

Annual Report and Form 20-F 2024 |
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 The goals related to each of the four key ideas of the diagram were consolidated into a single list, aligned with the concept of integrated ESG:
     The six decarbonization commitments (scopes 1 and 2) proposed in the previous plan are maintained for the Business Plan 2025-29.
 

Annual Report and Form 20-F 2024 |
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Energy transition
 Considering all low-carbon initiatives (scopes 1, 2 and 3), the total investment reaches US$16.3 billion in the energy transition. In addition to low carbon energy projects, the investment includes projects for decarbonizing operations and Research & Development (R&D) that involve all business segments.
 

 
In this context, it is important to highlight the focus on profitable projects, prioritizing partnerships to reduce risk and share learning.
  
The focus on low-carbon initiatives aims at profitable portfolio diversification, promoting our longevity. In the case of renewable generation projects,