Petrobras Sustainability Profile
Petrobras, officially known as Petróleo Brasileiro S.A., is a leading energy company headquartered in Brazil. Established in 1953, Petrobras has grown to become a key player in the global oil and gas industry, with significant operations across South America and beyond. The company is primarily engaged in the exploration, production, refining, and distribution of oil and natural gas, alongside renewable energy initiatives. With a strong focus on deepwater oil extraction, Petrobras has pioneered advanced technologies that set it apart in the market. The company has achieved notable milestones, including significant discoveries in the pre-salt layer of the Santos Basin, which have bolstered its position as one of the largest oil producers in Brazil. Petrobras continues to innovate and adapt, maintaining its status as a vital contributor to the energy sector while striving for sustainability and efficiency.
DitchCarbon Score
How does Petrobras's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Petrobras's score of 31 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petrobras's reported carbon emissions
In 2023, Petrobras reported total operational emissions of approximately 46,000,000,000 kg CO2e, a slight decrease from 48,000,000,000 kg CO2e in 2022. The company has set ambitious climate commitments as part of its Strategic Plan for 2022-2026, aiming for a 25% reduction in total operational absolute emissions by 2030. Additionally, Petrobras targets zero routine flare burning by 2030 and plans to reject about 40 million tonnes CO2 through carbon capture, use, and storage (CCUS) projects by 2025. In the exploration and production (E&P) segment, Petrobras aims for a 32% reduction in carbon intensity by 2025, maintaining an intensity of 15 kg CO2e/boe until 2030. The company also seeks to achieve a 40% reduction in methane emissions intensity in the E&P segment by 2025 and a 16% reduction in carbon intensity from refining by 2025, increasing to 30% by 2030. Petrobras's long-term ambition includes neutralising emissions from activities under its control (Scopes 1 and 2) by 2050, with a commitment to influence partners in non-operated assets to pursue similar goals. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Petrobras.
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| 2005 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 46,300,000,000 | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - | - | - | - | - | - | - | - | - |
| Scope 2 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | - | - | - | - | - | - | - | - |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Petrobras's Industry?
How Carbon Intensive is Petrobras's Location?
Petrobras's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Petrobras has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
