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Oil And Gas Company Presents Advances And Projections Aligned With ESG Agenda In Recently Published Document.
With a strong presence in the oil and gas sector in Brazil, both onshore and offshore, 3R Petroleum now stands out with the publication of its 2022 Sustainability Report. This document reflects the growth of the company’s activities over the past year and clearly outlines its accomplishments and business outlook. What draws attention is the emphasis placed on the environmental, social, and corporate governance agenda, known as ESG agenda.
Meeting International Standards
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Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.
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Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.
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Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.
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While the world was paying more for fuel, the 100 largest oil companies on the planet raked in an extra $23 billion in just 30 days of blockage in the Strait of Hormuz.
The structure of the report follows the standards of the Global Reporting Initiative (GRI), an organization recognized worldwide for defining best practices for open dialogue between companies and their stakeholders. In this sense, the report was meticulously prepared by Grupo Report.
3R, which in 2020 secured its place in the Novo Mercado – representing the highest standard of corporate governance on B3 -, did not shy away from addressing topics considered essential both in its strategic plan and in its ESG guidelines. All these points directly relate to the United Nations Sustainable Development Goals (SDGs), covering issues such as climate change, ethics, compliance, and community development.
Tangible Commitments And Long-Term Strategies
Matheus Dias, CEO of 3R Petroleum, emphasizes the need for economic growth to be in harmony with social progress and sustainability. He reinforces the idea that it is essential to prioritize people, communities, and the environment, always aiming to add continuous value to society. This positioning is evidenced in the report, which also covers the seven main assets of 3R up to the end of 2022.
Responsible Action And Direct Impact
The expansion of 3R Petroleum’s operations did not occur without the necessary enhancement of its corporate governance standards. The Sustainability Report presents evidence of this commitment, including the company’s adherence to the Business Pact Against Corruption and For Integrity, an initiative by the Ethos Institute. This movement resulted in obtaining the Clean Company seal, reinforcing its ethical commitment.
But sustainability goes beyond governance. 3R also launched projects aimed at biodiversity, such as REFLORESC3R, which promotes educational actions and supports family farming in Rio Grande do Norte. Additionally, there was a partnership with the North Rio Grande Association of Agronomists to restore lands in the same state.
The social engagement of 3R is highlighted by actions that benefited more than 3,000 people in Recôncavo Baiano, in addition to various communities in Rio Grande do Norte and Ceará. These initiatives reinforce the company’s responsible stance and commitment to making a difference wherever it operates.
Source: 3R Petroleum.
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