TECHNOLOGY (millions BRL)

Of this total investment, BRL 47.4 million were invested via the tax incentive law.

In addition to our socio-environmental investments and sponsorship projects, to increase our contribution to society, in 2022 we made several donations to help families in socially vulnerable situations through the donation of BRL 263 million that contributed to the purchase of cooking gas, accompanied when possible by the delivery of food items.

In addition, we donated BRL 9 million for emergency actions to support the acquisition of inputs and the recovery of locations affected by floods in the states of Bahia, Minas Gerais, Pernambuco, and the municipality of Petrópolis-RJ. With this, we reached the BRL 272.4 million in donations during 2022.

>> Detailed information on all donations made can be found in the appendix to this report – Donations.

Voluntary social and environmental Investments

Our voluntary social and environmental investment, structured within the scope of the Petrobras Socioenvironmental Program, complies with the Strategic Plan 2023-2027 as a tool to support the sustainability of our business.

In 2023 we will complete 20 years since the first integrated multi-annual corporate socio-environmental investment programs. At the end of 2013, we launched the Petrobras Socio-environmental Program, based on the experience of social and environmental initiatives, uniting these dimensions in the same program. The current priorities of the Program are Education, Sustainable Economic Development, and Ocean and Forests. They all use the recurring demands of the territories where we operate, the strategy of transition to a low-carbon economy and offshore operations as drivers. This is how we prioritize our contribution to four Sustainable Development Goals (SDGs): (4) Quality Education, (8) Decent Work and Economic Growth; (14) Life below Water and (15) Life on Land. Early childhood, innovation and human rights are among the cross-cutting themes to be considered in all projects that make up the portfolio of socio-environmental projects that we support.

Public selections and the contracting process for projects from new civil society organizations are periodically part of our strategy to strengthen non-profit institutions, provide new institutions with access to company resources, and carry out customized projects to meet the demands of the territories along with business challenges.

In 2023, we launched the largest public selection process in the history of Petrobras' socio-environmental investments. The selection process will be divided into two stages and, in total, BRL 432 million will be invested in more than 50 projects. In the first stage of selection, which began in February, the company will invest in socio-environmental initiatives in the North, Northeast, Midwest and South regions, and the estimate is to contract more than 20 projects that will develop their activities for a period of three years.

In 2022, the socio-environmental investments of our subsidiary Transpetro also grew significantly, with the contracting of two projects through an agreement: Clean Strip 2 and From Mangrove to Sea, in addition to the continuation of the Cine Transpetro in the Communities Project - Cinema in Motion, a sponsorship action.

Our socio-environmental projects have targets and indicators established at contracting, which allow periodic performance evaluation.

The schedule of this evaluation is defined at the beginning of each project, as well as the means of verification. The collection of information can vary for each project, generally covering information about the intended audience, engagement in planned activities, and the results obtained in socio-environmental actions. We highlight some of these results below:

Result Indicators Of Social And Environmental Projects

The numbers mentioned above reflect the results of the socio-environmental projects in 2022. Considering the dynamic nature of the portfolio, the profile of the projects and the degree of contract maturity, annual variations may occur. In 2022, there was a 17% increase in the number of projects that had their results evaluated, as well as an increase in the execution time of the others.

>> Information on our socio-environmental projects and their results can be found in our Human Rights and Corporate Citizenship Supplement

Investment in sponsorships for culture, sports, and business, science, and technology

In 2022, we were also present in society through our sponsorships. We work with the current portfolio of projects and new projects were carried out in the cultural, sports and business, science, and technology segments. Sponsorships are selected using the “direct choice” or “public selection” modalities. Each and every sponsorship opportunity undergoes an internal analysis, based on predefined criteria, in order to guarantee the transparency and compliance of the decision.

Among the projects of various sizes and in different cities carried out during the year, we highlight the calls for public tender “Call for Petrobras Multiple Cultural Expressions” and sponsorships for the Petrobras Symphony Orchestra, the Petrobras Team, the Supertech web series on the Manual do Mundo digital channel, our participation at the events Rio Oil & Gas, in Rio de Janeiro, and Ceraweek, and Offshore Technology Conference (OTC), in Houston.

In the cultural sphere, sponsorships are related to innovative Brazilian projects that are innovative, with potential for return, and alignment with our brand strategy.

The sponsored cultural projects focus on music, performing arts, audiovisual and multiple expressions. The public selection process added 15 new projects, aimed at valuing the Brazilian culture in museums and cultural spaces in 10 Brazilian states.

In sports sponsorships, the highlight was the continued support for the training of Olympic sports athletes who form the so-called Petrobras Team and will represent Brazil at the Olympic and Paralympic Games in Paris 2024.

Sponsorships for business, science and technology events intensify relationships with partners, investors, customers, and the academic and scientific community, among others. We sponsor several initiatives that arouse curiosity and promote experimentation and conversations on topics related to innovation and the changing world. Among the sponsorships in this sense are Rio2C, Campus Party Brasil (Brasília, Goiânia and São Paulo), Rio Innovation Week, Rec’n’Play, Brazilian Science Olympiad, Brazilian Robotics Olympiad, Mostratec and Hacktudo.

We also sponsor projects related to energy business activities, with a focus on oil and gas, and in the corporate world, with emphasis on issues related to governance, compliance and excellence in technological development. Among these sponsorships, it is worth mentioning the Brazil Investment Forum, Mec Show, Brazilian Congress of Innovation in Industry, Brazil Oil, Gas & Energy Summit, Argus Americas Crude Summit, ECO Award, Abrasca Award for Best Annual Report and Transparency Trophy.

>> Information about our cultural, sports and business, science and technology sponsorships can be found in our Human Rights and Corporate Citizenship Supplement.