About the report

The 2022 Sustainability Report meets the requirements of Law 13,303/16 and covers the period from January 01, 2022, to December 31, 2022, with the addition of relevant data regarding the history or facts that occurred in the initial months of 2023, until 06/01/2023. In the cases when this occurs, the period is stated. Petrobras' Sustainability Report is published annually, after the Financial Statements and other specific documents (such as the Human Rights and Corporate Citizenship Supplement and the Climate Change Supplement) referenced in this report.

We use the Global Reporting Initiative (GRI Standards 2021) as guidelines for sustainability reporting, and we respond to indicators contained in standards from the Sustainability Accounting Standards Board (SASB), aimed at the oil and gas industry that are suitable for our organization (Exploration & Production, Midstream and Refining & Marketing). As a complementary reporting methodology, we use the International Petroleum Industry Environmental Conservation Association (Ipieca) Sustainability Reporting Guide. The GRI Summary, as well as the correlation with the IPIECA Guide, with the principles of the Global Compact and the United Nations Sustainable Development Goals (SDG) can be found at the end of this report.

The scope of information includes our activities in Brazil and abroad, including data regarding subsidiaries listed in the Financial Statements, when relevant to the parent company (consolidated).

In some cases, the data considers only the parent company or the parent company and some subsidiaries that bring materiality to the indicator. In this case, the information under consideration is stated next to the indicator.

In compliance with recommendation 5.1 of GRI 1: GRI Fundamentals, we increased the number of indicators with consolidated data compared to our previous publication.

Our report contains initial chapters that include the strategic deployment for ESG (Environmental, Social and Governance) topics based on risks and opportunities identified in the short, medium, and long term, and engagement with our stakeholders, given that their demands are considered in our management and reporting. Next, we present our material topics, their indicators, initiatives, and management practices, distributed in the ESG dimensions.

The emissions data published in the 2021 Sustainability Report underwent minor adjustments due to the inventory review following third-party certification completed in July 2022.

Since the Board of Directors is responsible for deciding on matters present in the law, in the Bylaws, or in a rule approved by the Board itself, which in this case does not include the approval of material topics, this report and its materiality matrix were approved by our Executive Board. The Executive Board is the head governance body responsible for managing the company's business in accordance with the mission, objectives, strategies, and guidelines established by the Board of Directors The report was also validated by the advisory committee to the BoD, Committee on Safety, Environment and Health (CSMS).

KPMG is responsible for the limited assurance service for the information in the 2022 Sustainability Report and its report can be seen in the chapter Auditors’ limited assurance report.

Notice to the reader

This document may contain forecasts that are only a reflection of management expectations. The terms "anticipates", "believes", "expects", "forecasts", "intends", "plans", "projects", "targets", "shall", as well as other similar terms, seek to identify such forecasts, which obviously involves risks or uncertainties that we may or may not predict, and therefore are not guarantees of future results. Therefore, the future results of our operations may differ from current expectations, and the reader should not rely solely on the information contained herein. We undertake no obligation to update such forward-looking statements in light of new information or future developments in this document.