Message from the CEO
I am proud to present Petrobras' 2009 Sustainability Report which, unlike previous years, brings together two of the company's reports that until 2008 used to be prepared separately, the Annual Report and Social and Environmental Balance, in a single publication.
Global Compact
Petrobras has been a signatory of the UN’s Global Compact, a United Nations initiative through which businesses commit, voluntarily, to fulfill and communicate their performance with regard to ten principles related to Labor, Human Rights, the Environment and Transparency, since 2003.
UN Global Compact principles
- Respect
- Make sure
- Uphold
- Eliminate
- Effectively eradicate
- Eliminate discrimination
- Suport
- Undertake initiatives
- Encourage the development
- Work against
- 1
-
Respect
and support internationally proclaimed human rights in its area of influence.
- 2
-
Make sure
the company is not complicit with human rights abuses.
- 3
-
Uphold
the freedom of association and recognizes the right to collective bargaining.
- 4
-
Eliminate
all forms of forced or compulsory labor.
- 5
-
Effectively eradicate
all forms of child labor from the productive chain.
- 6
-
Eliminate discrimination
in respect of employment and occupation.
- 7
-
Suport
a precautionary responsible, and proactive approach to environmental challenges.
- 8
-
Undertake initiatives
and practices to promote and disseminate environmental responsibility.
- 9
-
Encourage the development
and dissemination of environmentally friendly technologies.
- 10
-
Work against
corruption in all its forms, including extortion and bribery.
About this report
The 2009 Sustainability Report is the consolidation of the Annual Report, which featured the operating and economic performance highlights of the year, and the Social and Environmental Balance, a publication through which the company rendered accounts on its performance from the perspective of sustainability.
Sustainability Report
Get to know the highlights of Petrobras' operating performance in all segments which it has operations, marked, mainly, by production going on stream at the Pre-Salt Layer, in the Santos Basin.
Average production at the Tupi block was 20,000 bpd of high quality, high commercial value oil.
In 2009, some
R$464.5million
were invested in more than 1,600 social, environmen- tal, sports, and cultural projects.
The family farming program encouraged by the company reaches more than 55,000 families and the term of the contracts that are signed is for five years, which guarantees the supply of certified seeds and logistics for the transportation of production.
Report Contents
Most popular topics
- management
- transparency
- results
- UN Global Compact
- sustainability
- account rendering
- Pre-Salt
- investments
- petrochemicals
- energy
- natural gas
- biofuels
- oil
- corporate strategy
- cultural sponsorships
- Environmental Sponsorships
- Sports Sponsorships
- Environment
- social responsibility
- environmental responsibility
Financial Analysis and Accounting Statements
The consolidated net income topped-out at
R$ 28.9 billion
in 2009.
Fulfilling the goals set forth by its strategic plan, Petrobras continues prioritizing investments in boosting its oil and natural gas production capacity.
In 2009, investments totaled
R$70.7 billion
33%
more than in 2008.
R$ 8.3 bilhões and include interest on capital for the amount of
R$7.2billion
Report Contents
| Financial Analysis |
| Accounting Statements |
| Explanatory Notes |
| Exhibits |
Most popular topics
- net profit
- revenues
- investments
- operating income
- dividend distribution
- capital stock increase
- cash flows
- Exploration and Production
- Distribution
- International
- consolidated
- holding
- goals for 2010
- reports
- social balance
- net financial income
- equity
- stakes
- Dow Jones Sustainability Index
- 2009 fiscal year