Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 30

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 30
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 of the risks described above occurs, we may fail to achieve our strategic objectives in these countries or in our international operations as a whole, which may negatively impact our results and financial resources. 
  
Annual Report and Form 20-F 2024 |

9) Risks related to social issues
 9.a) Our projects and operations may negatively affect different communities, especially in relation to human rights. Such projects and operations may also be affected by the expectations and dynamics of these populations, impacting our business, image and reputation.
 It is part of our policy to respect human rights, mitigate risks, remedy violations, and maintain responsible relationships with employees and the communities where we operate and to be diligent with suppliers and partners. However, throughout the life of projects and operations, we may inadvertently commit or contribute to human rights violations in our activities, operations, and contracts due to non-compliance with the guidelines of the Code of Ethical Conduct, and the Human Rights Guidelines, as well as any error in the process of identifying and assessing human rights risks in HR management, the supply chain, partnerships and communities.
 Our activities can have an impact on the social dynamics of the communities where we operate, including but not limited to, economy, culture, political system, environment, health and well-being, individual and property rights, and people’s fears and aspirations. We have no control over changes in local dynamics or the expectations of the communities where we operate.
 Our direct and indirect decisions and activities may cause social impacts, especially due to investments, mergers, acquisitions, divestments, decommissioning and operations in new production frontiers, which may affect the schedule or budget of our projects, hinder our operations due to possible lawsuits, have a negative financial impact and damage our image and reputation.
 Furthermore, the various locations where we operate are exposed to a wide range of issues related to political, social and economic instability, as well as intentional acts such as illegal taps, crime, theft, sabotage, roadblocks and protests.
 For further information regarding our main activities, initiatives, management practices, indicators and commitments related to ESG issues, please see our Sustainability Report or our Human Rights and Corporate Citizenship Supplement available on our website at www.petrobras.com.br/ir. 
 9.b) Considering that our projects and operations involve third-party suppliers, the risk of violation of human rights by such suppliers is possible, which may harm our image and reputation.
 Despite the compliance mechanisms that our suppliers must adhere to, including contractual human rights clauses and compliance with our Ethical Conduct Guide