Get to know our measures to prevent corruption


We analyzed 12,000 suppliers through the due diligence process (integrity assessment) this year. The procedure is the primary measure among several improvements in our procurement and hiring processes and in audit services third parties provide to the company. The stage, which in 2015 became part of the process used to include and update companies in the Corporate Supplier Register, sets new classification requirements to mitigate Petrobras’ risks related to fraud and corruption in its relationship with the supplier market, meeting the requirements set forth under Petrobras’ Corruption Prevention Program (PPPC). This and other data were presented at the third edition of the internal “Petrobras in Compliance” seminar, held at the company's headquarters on Friday (Dec. 9), the date on which the International Day Against Corruption is celebrated.

Opening the event, CEO Pedro Parente highlighted the senior management’s full commitment to compliance actions implemented in the company in recent years. “We are committed to zero tolerance of fraud and corruption in all its forms,” he noted.

Regarding the verification of approximately 12,000 suppliers, the executive director of Governance and Compliance, João Elek, said that the procedure has become “a new benchmark on the Brazilian market in so far as the way business relations are established is concerned.” Elek also said that “Petrobras has 70,000 good people to, together, fight corruption in all its forms.”

The increased security in decision-making by the Executive Board resulted, through November, in the issuance of 436 opinions by the Compliance area. These opinions support the Executive Board's deliberations on topics considered as strategic: chartering of vessels, capital contributions, approval of investment projects, fundraising, procurement of goods and services, approval of agreements, acquisitions and divestitures, changes in projects, and advertising and sponsorships.

Petrobras Holding also reached the mark of 96 percent of its employees trained in the corruption prevention process. Meanwhile, over 63,000 people were trained at the Petrobras System in the year 2016. The training was developed by the United Nations’ Global Compact and provided free of charge.

Important authorities attended the event

The event included a round table in which federal judge Fausto De Sanctis, prosecutor Carlos Bruno Ferreira da Silva, and the president of the Public Ethics Commission of the Presidency of the Republic, Mauro de Azevedo Menezes, took part. Compliance expert Alessandra Gonsales mediated the talks. De Sanctis discussed his experience in corruption case trials and highlighted the importance of the members of Management, of the Supervisory Board and of directors attending the event.

Prosecutor Carlos Bruno said the fight against corruption involves corporate awareness and noted that Petrobras, for its size, can lead this process. “If companies become aware of the fact that a corrupt market only promotes inefficiency, that this does not favor competition or the growth of Brazil, we will certainly have better days,” he said. The president of the Public Ethics Commission, Mauro Menezes, believes that the adoption of compliance programs should not be seen as a constraint, rather as a rescue of the company’s ethical values, which are present in all its employees. “Promoting ethics depends on the leading role and attentive attitude of each member of the organization.” Expert Alessandra Gonsales says the compliance program is for everyone, “especially those who do the right thing,” since these professionals now have mechanisms for identifying irregularities and, once found, enable the removal of the bad professional from the company.

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