Petrobras Expands Social Actions

Source: 9/29/2021, Location: South America

Petrobras informs that the company's Board of Directors approved, today, the allocation of R$ 300 million, over a period of 15 months, for the creation of a social program to support families in situations of social vulnerability to contribute with access to essential inputs, focusing on liquefied petroleum gas (LPG), popularly known as cooking gas.

The program aims to align the company's social actions with that practiced by other market players and it is justified by the effects of the exceptional situation and emergency resulting from the COVID-19 pandemic.

"We are a socially responsible company committed to improving the living conditions of families, particularly the most vulnerable. The pandemic and all its consequences have brought more hardship to people in poverty. This fact alerts Petrobras to reinforce its social role, contributing even more to society." says Petrobras CEO Joaquim Silva e Luna.

The program's model is in the final stage of studies, including the definition of the criteria for choosing families in vulnerable situations and the search for partners who can join forces and increase the amount to be invested, with the possibility of creating a fund that will allow other companies to join the project. With this pioneering initiative, Petrobras reaffirms its commitment to the well-being of society.

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