Petrobras takes part in Leaders Summit in New York
The Social Responsibility Executive Manager for Petrobras, Armando Tripodi, spoke on Friday (20th) at the 2013 Leaders Summit, a triennial meeting of Company executives that are part of the United Nations Global Compact in New York. With an audience of world leaders from the public and private sectors as well as civil society organizations, it also included the Executive Director for the Global Compact, George Kell, who welcomed Petrobras not only praising their engagement with the initiative, but also saying that it is a reference for social and environmental actions and an example to be followed.
Tripodi spoke about the progress that Petrobras had made in their social responsibility efforts and goals that are in line with the ten principles of the UN Global Compact relating to issues of Human Rights, Labor Practices, Environment, Transparency and Combating Corruption. The "Success Stories" presentation took place during breakfast at the Grand Hyatt in New York.
In his speech, the executive talked about the actions of social responsibility that Petrobras develops. "As a large global company, Petrobras' main challenge is to ensure that social responsibility is part of all the decision making steps in all of our operations. Petrobras will be able to analyze the risk and social impacts on human rights and the local development of all projects, from day one. This not only allows Petrobras to mitigate risk and provide opportunities in the communities in which we operate, but it also allows us to avoid costly changes occurring later in the project - giving both social and financial value", said the Petrobras representative.
After the Petrobras presentation, Tripodi met with the UN Secretary General, Ban Ki Moon, who thanked the Company for taking part in the event. "It is a great honor for Petrobras to take part in this event and work together with the UN Global Compact to ensure that social responsibility is intertwined with business practices of companies worldwide. This is fundamental for Petrobras, and we are improving the way we do business to ensure that this is a key condition in everything we do", said Tripodi. Petrobras joined the Global Compact in 2003 and became a member of its International Board in 2006.
Global Compact Stock index
Petrobras appears in the list of 100 companies in the Global Compact 100 (GC 100), the UN Global Compact stock index launched on Wednesday (18th). The index measures the performance of companies that have signed up to the Global Compact's ten principles in sustainability policies and the stock market. The Company is among those who excel in the areas of human rights, labor standards, environmental management and anti-corruption. The companies selected showed a return on investment of 26.4% over the past year, outperforming overall market shares worldwide. The "GC 100" was launched in partnership with the research company Sustainalytics.
This month, Petrobras was also selected to be part of the Dow Jones Sustainability World Index (DJSI World) for the eighth consecutive year, with the highest marks in the criteria for Environmental Transparency and Releases. Also excelling in the criteria for Social Impact on Communities, Policies and Systems for Environmental Management and Risk and Crisis Management. The company also renewed its participation in the Dow Jones Sustainability Emerging Markets, which includes 81 companies from 20 developing countries.
Petrobras' presence in these indices reflects the company's continued efforts to align its growth to sustainable development, minimizing and mitigating the impact of their activities on the environment and strengthening its commitment to the company and its shareholders.
Petrobras has taken part in the Leaders Summit since its first meeting in 2004. The event is the largest gathering like this, and an opportunity for participants to discuss corporate sustainability strategies and define collective goals for the future. This year, thousands of executives from over 100 countries attended the Summit for the launch of the "Architects of a Better World" platform- that binds the universal values of the UN to a new global architecture of corporate sustainability.
The UN Global Compact brings together nearly eight thousand corporate signatories, about one thousand publicly traded companies. These companies commit themselves to the principles of human rights, labor practices, the environment, transparency and fighting corruption.