Integrated Report
2024Integrated
Report 2024 Introduction
Highlights 2024
About us
Our value creation strategy
Our avenues of growth
Corporate governance
Our people
Our
social commitment
Climate change
Environmental
performance Indicators
GRI
2
Summary Appendices
Table of Contents
Introduction
Message from the Board of Directors Message from the President
About this report Double materiality
2024 Highlights About UsEnergy that vibrates and transforms Vibra's numbers
Geographical scope Business model
Purpose and values
Sectoral participation and awards
Our value creation strategyBusiness strategy ESG Strategy
Innovation strategy
Brand and communication strategy Stakeholder engagement
Supplier management
Our growth avenuesUndisputed leadership in gas stations Expanding our offerings for B2B clients Expanding our logistics capacity
New ambition in lubricants Renewables with return
Corporate governanceOur governance Ethics and integrity Risk management Investor Relations
Institutional Relations
Economic-financial performance
Our peopleVibra's way of being Diversity and inclusion
Compensation and recognition Health and well-being
Safety
Our social commitmentOur cause: zero sexual violence Community relations
Climate changeClimate strategy Emissions
Climate-related risks and opportunities
Environmental performanceEnvironmental management Energy efficiency
Water and effluents Waste and materials Soil and groundwater
Indicators GRI and SASB Summary AnnexesTCFD Report
Assurance statement
CreditsIntegrated report 2024
Introduction
Highlights 2024
About us
Our value creation strategy
Our avenues of growth
Corporate governance
Our people
Our
social commitment
Climate change
Environmental
performance Indicators
GRI
Summary
Appendices 3
IntroductionMessage from the Board of Directors Message from the president
About this report Double materiality
Integrated report 2024
Introduction
Highlights 2024
About us
Our value creation strategy
Our avenues of growth
Corporate governance
Our people
Our
social commitment
Climate change
Environmental
performance Indicators
GRI
Summary
Appendices 4
Message from the
Board of DirectorsGRI 2-22
The year 2024 was an important period for Vibra.
First and foremost, we recognize the Company's strong performance as the essential foundation that enables us to advance initiatives in pursuit of our purpose: to move Brazil with its best energy. Among the standout results are adjusted EBITDA of BRL 6.3 billion and net income of BRL 6.37
billion - a 33.6% increase compared to 2023.
Secondly, because these results were achieved responsibly and with the active participation of our 3,978 employees, who were fully engaged in strengthening Vibra's connection with its entire
ecosystem. We undertook numerous initiatives to stay connected with the many dimensions of our business model, from service station attendants and resellers to small businesses, large
corporations, trading platforms, end consumers, and even investors and public sector.
On the renewable energy front, Vibra took a
decisive step: acquisition of the remaining 50% of Comerc, reinforcing our portfolio with solar and wind generation and energy efficiency solutions.
This period was also marked by our dedication to defining the strategic priorities for the coming years and the presentation of our 2030 Strategic Plan to the market. While the previous two
years were reserved to consolidating our market positioning and strategic approach, 2024 marked the spark that ignited a new cycle of growth.
A growth path we will pursue without compromising what matters most to us: the safety of our employees, the communities where we operate, and our clients. We continue to strengthen a culture of safety as a non-negotiable value.
Integrated report 2024
Introduction
Highlights 2024
About us
Our value creation strategy
Our avenues of growth
Corporate governance
Our people
Our
social commitment
Climate change
Environmental
performance Indicators
GRI
Summary
Appendices
We made significant progress in our sustainability agenda, continuing to address social,
environmental, and governance matters as an integral part of our business, embedding these
dimensions into our decision-making processes.
The Company also made notable progress in
the integrity area. We take a firm leadership role in combating illegal practices in the sector by
identifying and addressing misconduct within the service station network. It was the first year in which we implemented structured initiatives tied to our social commitment, defined in 2023,
which targets an urgent and unacceptable issue: sexual violence against children and adolescents.
We also adopted a more focused approach to the communities surrounding our operational units and launched a community engagement mentorship program at selected sites.
From a governance standpoint, 2024 was a year of stability for both the Board of Directors and the Executive Board. We maintain a relationship
built on trust, with clear roles and responsibilities, and a commitment to ethical and transparent
conduct-always focused on delivering results.
I'm grateful for the trust placed in me by the
shareholders, who have appointed me for another term as Chairman of the Board.
Our challenge in the coming years is to find the right balance between control and autonomy, fostering a collaborative culture that encourages our teams to take initiative. It is not enough to have a diversified portfolio if we're not able to distribute and sell it efficiently. Achieving this will require continued investment in the development of our people and a strong focus on recognizing and nurturing in-house talent. Another key point is to embed innovation throughout our operations, especially in the core business. Fuel distribution and retail operations have seen little fundamental change since the oldest service station in our reseller network was built back in 1959. We're challenging ourselves to rethink - and swiftly
"We made significant progress in our sustainability initiatives, continuing to treat social, environmental and governance responsibilities as an integral part of our business"
implement - what the customer experience should
look like in the service station of the future.
We close this cycle with a deep sense of pride in what we've achieved and confidence in
the path we are forging ahead. I would like to thank our employees, clients and partners for their commitment to Vibra, and I reaffirm our
dedication to the Company's sustainability and long-term growth.
Together we will continue to transform the Brazil's energy.
SÉRGIO RIAL
Chairman of the Board of Directors