Compliance

Good corporate governance and compliance practices are pillars that support our business.

We encourage our suppliers to implement compliance programs, setting and continually improving their governance, processes and controls to ensure compliance with the laws, standards and procedures applicable to their activities.

The main documents that set parameters for our relationship with our suppliers are the Petrobras Compliance Program , the Ethical Conduct Guide for Suppliers, the Compliance Policy. These documents address such issues as conflicts of interest, nepotism, money laundering, terrorist financing, and the issue of gifts and hospitality.

To learn more about our compliance actions click here.

Also get to know what we consider gifts and hospitality and the requirements featured in our Receipt and Offering Guide.

Ancora Certificação Internacional ASCM

International ASCM Certification

We are the first company to obtain the certification from the Association for Supply Chain Management (ASCM) in environmental, ethical, and economic excellence in the procurement and supply chain of goods and services. ASCM has over 45,000 members in 100 countries and is part of the American Production and Inventory Control Society (APICS), an internationally renowned certification and training organization for supply chain professionals with over 60 years of experience. ASCM auditors reviewed over 170 documents and assessed our procurement and logistics processes against international best practices, considering more than 148 criteria. They also visited our supply logistics units, where they observed, for example, automated warehouse management and control, the adoption of digital solutions, and our commitment to high environmental standards. The certification process involved over 50 professionals from various areas.

Three dimensions are evaluated for a company to obtain ASCM certification: ethical, economic, and ecological. For this evaluation, the planning, sourcing, and delivery processes in the supply chain are compared with global market and academic standards.

The certification is valid for three years, with the annual requirement to demonstrate adherence to the standards set by ASCM to maintain the certificate throughout its validity period.

Our contract templates include a compliance clause, which stipulates compliance obligations and aims to establish a business relationship with our suppliers based on ethics, integrity, and transparency.

Among the established commitments, we highlight adherence to current legislation on anti-corruption, anti-money laundering, and compliance with trade sanctions; immediate notification of any violations of anti-corruption laws and other obligations; and the implementation of appropriate compliance procedures. In supply contracts, we also request permission to verify the company’s compliance with the commitments made.

Compliance Clause

Ancora Responsabilização por atos lesivos

Accountability for harmful acts

Legal entities that commit harmful acts against Petrobras are subject to the Administrative Accountability Process (PAR). We use this tool to determine the companies’ liability for the practice of possible illegal acts, such as fraud and corruption, and this may result in the application of sanctions under the Anti-Corruption Law.

If the legal entity’s liability for the unlawful act is confirmed, after the administrative procedures provided for are carried out, including the broad right to be heard, a fine of 0.1% to 20% of the gross sales for the last financial year prior to the opening of the PAR and the extraordinary publication of the sanctioning administrative decision are provided for.

Acts considered harmful are listed in the Anti-corruption Act (Act No. 12,846/13).

For more information on the proceedings instituted and judged by the PAR, access our Transparency Portal.

Ancora Canal de denúncia

Reporting channel

We have an external and independent Reporting Channel to register any situation that indicates there may be a breach or potential breach of ethical principles, policies, norms, laws and regulations or any other improper and/or illegal conduct. We receive complaints about our activities and about those of our subsidiaries through this channel.

The Channel is available 24 hours a day in 3 different languages and has security mechanisms to ensure the complainant's anonymity. In addition, the site allows the complainant to track the progress of their complaint.

Ancora Direitos Humanos

Human Rights

We are committed to the principle of respecting, raising awareness, and promoting Human Rights in our activities, and to act in accordance with the precepts of the Federal Constitution and with the International treaties and conventions ratified by the government, such as the International Charter of Human Rights and Declaration of Fundamental Principles and Rights in the International Labor Organization-ILO, as well as the intituitional commitments assumed by the company such as:

United Nations Global Compact;
Women Empowerment Principles – UN Women;
National Compact for the Eradication of Slave Labor – InPacto
Enterprise Racial Equality Initiative
Open Charter Enterprises for Human Rights
Gender and Race Pro-Equity Program; and race.
Declaration of Corporate Commitment to Combat the Sexual Exploitation of Children and Adolescents

Our Guideline directs Petrobras operations regarding respect for Human Rights in all regions where it is presente, and throughout the life cycle of its projects and operations.

These guidelines are present in our Code of Ethical Conduct, in the Petrobras Ethical Conduct Guide for Suppliers, and in our policies regarding corporate Social Responsibility, Health, Safety, and the Environment, and Human Resources. The respect of Human Rights is also reflected in various actions to promote diversity, ensuring respect for diferences and equal opportunities.

Our work in Human Rights is guided by the United Nations Guiding Principles on Business and Human Rights, and is structured into four axes:

1. People Management;
2. Relationship with Communities;
3. Involvement with the Supply Chain and Partners; and
4. Human Rights Due Diligence

Ancora Nossos fornecedores devem se comprometer a

Our suppliers, demanding a similar stance from its (sub)supplies, commit to:

a) Respecting internationally recognized human rights, according to the provisions of the International Human Rights Charter, the International Labor Organization Declaration on the Fundamental Rights and Principles of Labor, the UN Guiding Principles on Companies and Human Rights (“Guiding Principles”) and the Decree n. 9.571 form 21 of November of 2018 and other applicable legislation;

b) Communicating the surrouding communities about activities affecting their daily life, so as to minimize impacts/risks, disturbances and conflicts arising from the execution of their relation with Petrobras

c) Offer reparations to communities for damages arising from its activities;

d) Not performing acts that chacacterize excessive force in interactions between security personnel, communities and workers.