Operation “Lava-Jato”

It is a broad investigation that covers different sectors of the Brazilian economy. This investigation includes Petrobras, its suppliers and several engineering companies. It was found that former Petrobras employees conspired for the company to enter into contracts by paying an additional margin to service providers whose objective was to improperly finance some political parties.

Some former Petrobras executives have been charged and / or convicted of money laundering, criminal organization and corruption. This accusation and / or conviction also extended to executives from Petrobras contractors and suppliers, as well as other individuals involved in the scheme. The investigation is still ongoing and it is possible that others will be charged and / or convicted in the future.

In 2018, Petrobras signed agreements with the authorities of the U.S. and Brazil to fully resolve questions arising from the US government’s investigation into violations of the Anti Corruption Law (Foreign Corrupt Practices Act – FCPA). The establishment of this agreement confirmed Petrobras’ status as a victim in the corruption scheme vis-à-vis the US authorities, as well as establishing how corrective measures and the new compliance program should be adopted by Petrobras. In addition, the Federal Supreme Court also considered the company a victim, as the company did not make any undue payments or receipts.

Accordingly, the Company has taken the necessary procedural steps to seek redress for the damages suffered by this fraudulent scheme, including those related to its reputation. The total amount of the refund paid to Petrobras since the beginning of the Lava-Jato investigation exceeds R $ 4.6 billion.

As a result of the Lava-Jato, in 2013 the Executive Board approved the Petrobras Corruption Prevention Program – PPPC. The PPPC represents the set of measures developed and implemented by the Company in an integrated manner with the objective of preventing, detecting and correcting ethical deviations, including fraud, corruption and money laundering. Consequently, Petrobras has implemented a series of corrective measures, including new procedures, activities and control improvements to improve its governance and address deficiencies, including, but not limited to, the following measures:

  • Creation of the Governance and Compliance Department (CGO) with two particularities: first, the possibility of reporting directly to the Board of Directors and the other is the process of dismissing the CGO differently from the other directors, as it must be approved by the Board of Directors. Directors, with the vote of at least one Director elected by the minority or preferred shareholders;
  • Requirement that at least 40% of the Board of Directors be composed of independent members;
  • Creation of Statutory Technical Committees to advise the Executive Board and to ensure that decisions are made only after discussion in a multidisciplinary group;
  • New procedures to avoid undue political interference, preventing political appointments;
  • Strengthening the workforce’s awareness of ethical values, through the training of all employees, including the Board; (vi) hiring a channel for receiving complaints, independent and guaranteed to be anonymous;
  • Adoption of the Integrity Due Diligence (DDI) process to increase the security of the operation and reduce possible risks related to integrity in the Company’s relations with its counterparts;
  • Inclusion of a compliance clause in Petrobras contracts, in which suppliers must comply with Petrobras’ corruption prevention policies and procedures.

Combating fuel theft

Recognizing that thefts and attempted thefts in our pipelines pose numerous risks to the safety of people and the environment, including leaks, explosions and fires, we launched, in June 2019, the Petrobras Integrated Pipeline Protection Program – Pró-Dutos, with the objective of preventing fuel theft in our network of more than 14 thousand kilometers of pipelines operated by our subsidiary Transpetro.

The creation of the program was motivated by the increase in occurrences of this type: from 72 thefts in 2016 to 203 in 2019: a growth of more than 180%. The program provides for partnerships with the government and consolidates our investments to minimize risks and avoid impacts of criminal activities.

Transpetro maintains a relationship program with communities neighboring the pipeline network and provides the number 168 for the population to report actions by unauthorized people in the pipelines.

Anyone who smells strongly of fuel or observes people or heavy vehicles working near the ducts, especially outside business hours, can call 168. The call is free and anonymity is guaranteed. Contact can also be made via Whatsapp (21 99992-0168), with text, voice, video or even photographs of any suspicious movements near the pipelines.

In addition, the https://roubodecombustiveis.transpetro.com.br website was launched, where it is possible to stay on top of our actions to prevent theft of oil and oil products in our facilities.

In 2019, we managed to reduce the number of incidents of theft of oil and oil products by 22%, compared to the 261 thefts that occurred in 2018, and reduced the volume of oil and oil products stolen by 35% compared to 10.8 million liters. of stolen products in 2018.

Local impact of our portfolio management

We recognize that the withdrawal of certain businesses or assets arising from our portfolio management can have an impact on employability, supply chain and taxes in the regions in which they are located.

Ensuring that the process is carried out with respect for people and transparency, with the hibernation of factories and the demobilization of some administrative buildings, all impacted employees were relocated to other of our units, in accordance with the Human Resources standards in force at the time.

In addition, there were divestments in the E & amp; P area, and the Personnel Plan was applied, which provides for three tools in line with Human Resources policies and portfolio management initiatives: Internal Recruitment, Termination Procedure by Agreement and Voluntary Termination Program Specific.

In December, we signed an agreement with the Public Ministry of Labor (MPT) and defined that we will ensure the position of our employees, except in the event of a sale or lease involving unit assets in any of the States of the Federation, when our Personnel Plan will be observed. .

We seek to create conditions for professionals to make the best choice, according to the moment of life of each one. In addition, we maintain our commitment to transparency and the highest levels of safety and efficiency in operations, in all of our assets in the process of divestment.

Last updated on February 11, 2021.