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Petroleo Brasileiro (Petrobras)

Petróleo Brasileiro SA (Petrobras) is a publicly listed fully integrated oil and gas company headquartered in Brazil, with 36.7% owned by the government of Brazil. In 2020, it had USD 5.28 billion in revenue and a reported 46,416 employees*. Petrobras continues to focus on oil and gas activities, with limited intention to initiate a large-scale transition to new low-carbon business activities such as renewable electricity.

Ranking position
#37 /100
Total score
7.9 /100
Performance score
3.3 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)


19.5 /100 #14

Material Investment

1.0 /100 #76

Intangible Investment

21.2 /100 #5

Sold products

15.8 /100 #8


47.4 /100 #25

Supplier Engagement

12.5 /100 #33

Client Engagement

10.0 /100 #27

Policy Engagement

32.0 /100 #26

Business Model

3.8 /100 #50

Leading practices

No leading practices were identified for this company.

Risks and opportunities


Petrobras receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Petrobras’ current fuel and sold product mixes are not sufficient to drive alignment with the company’s 1.5°C pathway. The limited ambition of its scope 1 and 2 emissions reduction targets and the lack of a scope 3 emissions reduction target suggest that the company’s performance is unlikely to improve.

Petrobras’ investment plans still focus on oil and gas activities. While it does have a small renewable electricity business, the company has limited deployment plans to scale this up and achieve the level of change required for a low-carbon transition in line with a 1.5°C scenario.

Progress towards the Paris Agreement

See results for

  1. 2023

More about the company

Rio de Janeiro, Brazil
Group revenue
RRL 27,400,000,000 (USD 5.28 billion)
Ownership structure
Publicly listed with 36.7% owned by the government of Brazil
Number of employees
Scope of activity
Fully integrated