Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 117

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 117
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 cooperate and develop, test or commercialize technologies, thus increasing competitiveness and generating better alignment between our technological initiatives and the innovation ecosystem. The program has seven different modules, Pre-Commercial Procurement, Technology Transfer, Startups, Solution Acquisition, Technological Partnerships, Open Lab and Residents, tailored to support different types of technological partnerships, as well as different innovation ecosystem actors.
 In 2024, the open innovation program surpassed the US$480 million mark in partnerships signed over the five years of Connections for Innovation. The program has been growing rapidly. In 2024 alone, more than 300 opportunities were published and over 250 new agreements were signed. This is due to strategic prioritization, enhanced communication and increased dissemination of the program.
 

Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}">Environment
 
Taking care of people and protecting the environment are two of our ESG goals, and to achieve them, each year, we maintain a set of initiatives aimed at preventing accidents and preserving life and the environment, aligned with one of our most important HSE programs, called the "Commitment to Life Program". This Program, comprising projects structured through the critical analysis of HSE management, with reference to the best market practices, seeks to achieve our ambitions of zero fatalities and zero leaks, strengthening our actions based on the principles of our HSE Policy:

–     HSE   
    is value
------------

–   Respect 
    for Life
------------

–   Risk-based
    management
--------------

–      Business   
    sustainability
------------------

–              Excellence          
    and Transparency in Performance
-----------------------------------
<{self.tag} alt="{self.alt}" src="{self.src}"> The main initiatives of the Program for 2024 were the following:
 
 

Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}">HSE INVESTMENTS (US$ billion)
 
 

Our business development with suppliers also contains environmental requirements according to the best practices in the industry. Contracted companies must present evidence and certifications related to compliance with HSE standards and confirm that they comply with all applicable requirements, laws, regulations and ESG best practices, according to new commitments formalized in 2024.
 Since 2019, we have held the “Enterprise Certification for Sustainability Standards” granted by ASCM (Association for Supply Chain Management). This certification recognizes the implementation of sustainable practices and efficient management in the supply