Climate change

-35.9%

reduction in scope 1 emissions at Atlanta (2021 X 2019)

- 37.5%

reduction in scope 3 emissions at Atlanta (2021 X 2019)

R$1.3

million invested in R&D project to quantify carbon stock in mangroves

The challenges and impacts of climate change are one of the main externalities that impact our business model. Therefore, we work to identify and mitigate the risks associated with the emission of greenhouse gases into the atmosphere, focusing efforts on adaptation measures.

We believe that the gradual transition to a global energy matrix with a greater share of renewable sources and biofuels will be supported by the coexistence with energy sources of fossil origin, such as oil and natural gas. We assess the risks and opportunities of climate change in our strategic planning, acting to adequately respond to these issues in an integrated manner in all our activities.

ESG target

In 2021, with the encouragement of the Board of Directors, we established our first corporate goal related to ESG aspects and influencing the variable compensation of the CEO and Directors. Our emissions intensity¹ was expected to be below 21 kgCO2e/boe. At year-end, the result was

17.6 kgCO2e/boe

Technologies and projects that will enable the reduction of scope 1 emissions in the Atlanta Field operation are being studied alongside Yinson, a supplier with whom we signed, in 2022, a contract for the charter and operation of the FPSO Atlanta, to be used in the Definitive System (DS) for production.

The joint understanding between the companies will allow the implementation of technologies with a focus on minimizing carbon emissions. The FPSO adaptation project includes actions to optimize operational and environmental efficiency in terms of avoided CO2 emissions.