petrobras 2009 Sustainability Report Oil & Gas Brazil 4 actiOn Background: 200 2800 t i b Report it 3400 3900 Petrobras is the biggest company in Brazil, the eighth largest in the world by market value and they are present in 29 countries. Operating in several segments of the oil, gas and energy industry, they operate in an integrated manner in: exploration and production; downstream; trade; transportation and petrochemicals; derivative distribution; natural gas; biofuels; and electric energy. The Company vision is ‘to be one of the five largest integrated energy companies in the world and the preferred choice among stakeholders by 2020’. To achieve this, they operate in a safe and profitable manner in Brazil and abroad, with social and environmental responsibility, providing products and services that meet clients’ needs and that contribute to the development of Brazil and the countries in which it operates. The Petrobras 2009 Sustainability Report is the first year that the Company has brought together its Annual Report and Social and Environmental Report in a single publication. 4800 6800 7200 content review: The Report starts with a spread on the United Nations Global Compact and Petrobras’ commitment to conducting business according to the principles. The message from the CEO explains that the 2009 Sustainability Report brings together the Annual Report and Social and Environmental Report in a single publication, explaining how it’s an essential tool for transparency in monitoring, disclosing and rendering accounts to its stakeholders about its economic, environmental and social performance. The Report presents information about the company performance as a whole reflecting the integration among the three pillars of the corporate strategy: growth; profitability; and social responsibility. The contents of the Report are clearly explained through the materiality process that they have gone through to determine issue relevance. Social and environmental responsibility is reported as core to the overall business mission and strategy and this focus is maintained throughout the Report. The presentation of financial and sustainability issues are balanced throughout and there is even a section which provides the economic and financial results leading directly to Petrobras’ contributions to society and other indirect impacts. Data figures are provided throughout the Report which shows the significant attempt at demonstrating the relationship between the Company financial performance and the ‘non-financial’ issues reported. Summary: 2009 was the first year that Petrobras published a ‘Sustainability Report’ as their primary communications document, demonstrating the shifting commitment being made to economic, environmental and social performance. This Report signifies an increasing awareness, understanding and acceptance of non-financial issues within the Company and their wish to demonstrate this through their reporting. 18 The integrated journey
