Petrobras

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Petrobras's core business is deep-water fossil fuel extraction and it increased oil and gas production by 11% in 2025; low-carbon investments (biofuels, solar partnerships) are marginal relative to its hydrocarbon output, and Scope 3 combustion emissions from sold fuels — the largest share of lifecycle emissions — are not targeted for reduction.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

Petrobras has a 2050 operational net-zero ambition and near-zero methane by 2030, with reported 40% absolute Scope 1/2 reductions since 2015, but these targets have not been validated by SBTi, cover only operational emissions (not Scope 3), rely partly on carbon offsets of questionable permanence, and the 2050 horizon provides no near-term accountability.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Petrobras publishes GRI- and SASB-aligned sustainability reports, aligns with the UN Global Compact, reports meaningful methane and carbon intensity reductions, and runs social programs; however, ongoing litigation over environmental damage, contested indigenous impact assessments at Foz do Amazonas, and the legacy Lava Jato corruption scandal weigh heavily on governance quality.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Petrobras produces TCFD-aligned, GRI/SASB-reported, and ISSB S2-referenced climate supplements with quantitative data including absolute emissions, intensity metrics, and carbon offset purchases; however, Scope 3 emissions are not disclosed in detail, third-party assurance of sustainability data is limited in scope, and the company's large advertising spend and influencer campaigns introduce a promotional filter over disclosed information.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

Petrobras carries severe integrity liabilities: the Lava Jato/Petrolão scandal (estimated $2.1B in kickbacks) remains the largest corruption scandal in Brazilian history; the company faces active environmental litigation totaling over R$1.3B in provisioned claims; it bypassed IBAMA's technical rejection process for Foz do Amazonas drilling via a legal workaround; and critics including campaigners and state prosecutors have accused it of misleading communities about the scale and risk of new drilling projects while quintupling its advertising spend.