Overall vision – wider stakeholder commitment? 200 Petrobras SUSTAINABILITY REPORT 2009 | PETROBRAS Sustainability Report Profile Founded in 1953 and the leader of the Brazilian oil sector, Petrobras is a publicly traded corporation which closed 2009 as the world’s fourth biggest energy company in market value, according to a PFC Energy ranking. In the oil, gas and energy industry, it operates in an integrated manner in exploration and production, refining, trade, transportation, petrochemicals, derivatives distribution, natural gas, electric energy, and biofuels. 2800 2009 Sustainability Report Oil & Gas Brazil Sustainability Report 3400 3900 Mission Operate in a safe, profitable manner, with social and environmental responsibility, in Brazil and abroad, providing products and services that meet the client’s needs and contribute to the development of Brazil and of the countries in which the company operates. Vision for 2020 We will be one of the top five integrated energy companies in the world, and the preferred choice among our stakeholders. Attributes of the Vision for 2020 4800 Our operations will stand out for: • Theirstronginternationalpresence • Beingaglobalreferenceinbiofuels • Excellence in operations, management, energetic efficiency, human resources, and in technology. • Theirprofitability • Beingabenchmarkinsocialandenvironmentalresponsibility • Theircommitmenttosustainabledevelopment Sustainability Report 6800 TroBras.com 7200 ABOUT THIS REPORT About the Contents of this Report 08 SUSTAINABILITY REPORT 2009 | PETROBRAS 09 and environmental responsability reports. in content selection, Petrobras has consulted representatives of its 13 strategic stakeholders Report for the first time. It is the consolidation operating and economic performance highlights Report, a publication through which the company rendered accounts on its performance from the perspective of sustainability. In this report, we present information to our stakeholders about our performance as a whole, reflecting the integration among the three pillars of our corporate strategy: growth, profitability, and social responsibility. It is also an statement of the progress we have made Compact, which we are signatories of. assessing social and environmental responsability reports is responsible for the drafting process representatives from 24 areas and subsidiaries information they contain refers to 2008. the information compiled by a network of collaborators, which, in 2009, totaled 290 people. and are used as input to prepare the report’s content, which is validated by the commission before being published. Level of importance of the topics for the company: influence of the economic, social, and environmental impacts consulted, including members of the commision in charge of preparing and assessing social provide information on all key indicators under the guidelines and the content of which is submitted to external verification. In 2009, this verification was Level of importance of the topics for the stakeholders: influence of the economic, social, and environmental impacts stakeholders’ perspective and compare it with that of Petrobras in order to structure a matrix that reflected the issues that were priority to both parties (chart below). i i See the KPMG statement on the 2009 Sustainability Report on page 153. 2 1 4 3 See the GRI table of contents on page 146. ABOUT THIS REPORT QUADRANT STAKEHOLDERS About the Contents of this Report PETROBRAS AVERAGE ASSESSMENT DESCRIPTION SUSTAINABILITY REPORT 2009 | PETROBRAS the report. 10 4 3 2 => 5 => 5 11 - i Learn more Petrobras’ commitment to the Global Compact in the chapter that has the same title. < 3.50 < 3.50 ing to specific requests. => 3.50 => 3.50 d- < 3.50 1 MATERIALITY MATRIX – PETROBRAS < 3.50 ing to specific requests. 7 53 54 64 39 15 59 55 16 57 32 56 14 58 31 29 49 30 28 62 24 36 35 25 63 17 23 52 8 2 40 50 65 & & 4 21 1 46 5 60 45 13 61 41 12 9 66 38 37 27 33 19 26 6 34 20 48 3 10 43 42 44 22 51 18 47 11 38 33 03 51 18 10 11 Relevance of the topics for the stakeholders 07 53 64 54 39 15 59 16 55 58 1432 57 56 66 31 29 30 49 28 24 356236 25 63 1752 08 23 02 37 40 27 65 50 04 21 01 46 1926 06 0560 34 20 45 6141 13 48 12 43 442242 47 09 Relevance of the topics to the company 6000 7000 pp 8-9 and 10-11 In 2009, Petrobras published its first Sustainability Report, which is a consolidation of the Annual Report and the Social and Environmental Report. The report states that performance is presented as a whole, reflecting the integration of the three pillars of this corporate strategy: growth, profitability and social responsibility. To determine the relevance of issues and assist with content selection, Petrobras explain how they carried out a stakeholder engagement process to determine materiality and understand their stakeholders’ perspectives. Further to the previous page discussions of the contents in the report, a materiality matrix is presented which presents the issues considered as central and material to the business. 18 Integrated thinking in reporting
