Sustainability: Petrobras aims to achieve net zero emissions from operations September 20, 2021

Sustainability: Petrobras aims to achieve net zero emissions from operations

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Rio de Janeiro, September 20, 2021 - Petróleo Brasileiro S.A. - Petrobras announces its ambition to achieve net zero greenhouse gas emissions from operations under its control (scopes 1 and 2), and its intention to leverage its influence to achieve the same in non-operated assets, in a timeframe compatible with that established by the Paris Agreement.

The decision is part of the strategy of the member companies of the Oil and Gas Climate Initiative (OGCI), of which Petrobras is a member. The CEOs of the member companies, therefore, direct a relevant part of the O&G industry towards mitigating the adverse effects of global climate change. With this new initiative, the members aim to achieve net zero emissions, recognizing that they have many, but not all, the answers as to how to get there.

Over the past 11 years, Petrobras has improved its carbon efficiency in exploration and production by 47%, and is currently one of the most efficient oil and gas producers in the world. We have established a set of sustainability commitments with a 2025/2030 horizon, including a target to reduce our absolute operating emissions.

This announcement shows our intention to continue this trajectory, contributing to the Paris Agreement and maintaining our competitiveness as a low-cost,low-carbon producer.

Check out the full OGCI statement released today on the subject.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: [e-mail]/[e-mail] Av. República do Chile, 65 - 1803 - 20031-912- Rio de Janeiro, RJ. Tel.: [phone]/9947| 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.