Petrobras Enhances Waste and Water Management

Petrobras has significantly improved its waste management practices, achieving a 91% reuse and recycling rate for hazardous waste in 2023, up from 88% in 2022. The company generated 27.6% less hazardous solid waste than its internal limit of 110 thousand tons and 10.2% less non-hazardous solid waste than its 160.2 thousand ton limit. These results stem from Petrobras’s circular economy initiatives and better management of tank cleaning and maintenance, reducing oil sludge waste.

The company also made strides in water management, collecting 115 thousand megaliters of freshwater in 2023, a 24% reduction from 2021, aiming for a 40% reduction by 2030. In 2023, 35.8 thousand megaliters of water were reused, saving approximately $16 million in water collection costs.

These achievements are detailed in Petrobras’s 2023 Sustainability Report, which outlines advancements in sustainability commitments and over BRL 800 million in social-environmental investments, including BRL 159 million for voluntary projects and BRL 566 million for mandatory programs. Among these initiatives are 44 projects under the Petrobras Social-Environmental Program focused on habitat and species preservation, benefiting over 570 fauna species, including 82 endangered, and 350 flora species, with 17 endangered. These projects also support the recovery of approximately 350 thousand hectares of natural areas across several Brazilian ecosystems.

The report also highlights 50 environmental monitoring programs, including four Beach Monitoring Programs across 3,000 km of coastline, assessing the impact of oil and gas activities on marine wildlife. In 2023, these programs helped identify and report cases of Highly Pathogenic Avian Influenza, protecting both staff and wildlife.

Petrobras reported a 41% reduction in greenhouse gas emissions since 2015, with a 4% decrease from 2022. The company achieved its highest annual CO2 injection of 13 million tCO2, improved operational efficiency, and reduced natural gas consumption.

Social initiatives included the launch of programs against sexual violence and for racial equity, aiming to create an inclusive workplace. Currently, 22% of managerial roles are held by women and 22.2% by black employees. Petrobras also emphasized diversity in corporate appointments and upheld integrity and human rights within its supply chain.

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