Petrobras (PBR) Buys I-RECs to Achieve 100% Renewable Energy [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
These certificates validate that renewable sources powered 100% of its industrial and administrative operations in Brazil throughout 2023. This bold commitment demonstrates Petrobras' commitment to environmental stewardship and marks an important milestone in the energy sector's transition to sustainability. Advancing Renewable Energy Procurement Petrobras' proactive approach to renewable energy is demonstrated by its strategic procurement of hydro, wind and solar energy certificates from reputable local companies, including AES Brasil, Cemig and Eletrobras. The company effectively neutralizes its scope 2 emissions through these partnerships, reinforcing its position as an industry leader in environmental responsibility. Integrated Sustainability Initiatives Beyond procuring renewable energy from external sources, PBR demonstrates its commitment to sustainability through internal initiatives. The company generates power at various locations, including platforms and refineries,
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