Petrobras

Petrobras, a Gas/Diesel Oil company headquartered in Brazil, reported Scope 1 and 2 emissions of approximately 11 billion kg CO2e in 2024. This follows Scope 1 and 2 emissions of about 46 billion kg CO2e in 2023 and 48 billion kg CO2e in 2022. For 2014, the company disclosed Scope 1 emissions of approximately 79.6 billion kg CO2e, Scope 2 emissions of about 1.8 billion kg CO2e, and Scope 3 emissions from use of sold products of around 520 billion kg CO2e.

Petrobras has several climate commitments. The company aims for a 30% reduction in total operational absolute emissions by 2030, compared to a 2015 baseline. This target covers Scope 1 and Scope 2 emissions. Petrobras also has a long-term ambition to achieve net-zero emissions for its Scope 1 and 2 activities by 2050, and aims to influence partners to achieve the same for non-operated assets.

Further carbon-related commitments by 2025 include:

• A 32% reduction in carbon intensity within the Exploration & Production (E&P) segment (targeting 15 kgCO2e/boe, maintained until 2030).
• A 40% reduction in the intensity of methane emissions in the E&P segment, with a consolidation target of a 55% reduction in methane emissions intensity in the upstream segment by 2025, reaching 0.29 t CH4/thousand tHC.
• A 16% reduction in carbon intensity from refining, increasing to 30% by 2030.
• Rejection of approximately 40 million tonnes CO2 by 2025 through carbon capture, utilisation, and storage (CCUS) projects.
• Zero routine flare burning by 2030.