Petrobras on Governance Certification

Petróleo Brasileiro S.A. – Petrobras informs that today, for the fifth time in a row, it received the certification in the Governance Indicator of the Secretariat for Coordination and Governance of State-Owned Companies (IG-Sest), of the Ministry of the Economy, achieving classification in the indicator’s best level – Level 1, which shows the company’s degree of excellence in corporate governance.

The objective of the IG-Sest is to encourage companies to develop actions that go beyond those necessary to merely comply with legal requirements. In this fifth cycle of the indicator, the IG-Sest incorporates aspects that have already been assessed in the previous cycles, recommendations and guidelines of the OECD, of the Office of the Comptroller General of the Union (CGU), and of the Brazilian Institute of Corporate Governance (IBGC), as well as elements contained in the new version of the bylaws model published by Sest.

To Petrobras, this certification, besides acknowledging the advances the company has made in recent years, is an opportunity to assess its processes at a new level of quality and reaffirm its commitment to the continuous improvement of its corporate governance.

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