Sustainability Report - Complete

Contents

Introduction

• Message from the Board of Directors
• Message from the President
• About this report

2023 Highlights

About us

• Brazil moves with Vibra
• Vibra's numbers
• Geographical coverage
• Service stations and franchisees
• Strategic partners for the renewable portfolio
• Purpose, values and ambition 2030
• Participation in industry associations
• Sectoral awards and recognition

Our sustainable strategy

• ESG governance
• Double materiality
• In pursuit of ESG excellence
• Public committments
• ESG recognition

Energy to move Brazil

• Vibra as first choice
• Fuel distribution
• Service station network
• Convenience
• Chemicals and petrochemicals
• Lubricants
• Automotive lubricants center
• Aviation
• Energy solutions
• • Biofuels
  • Electric energy
  • Electromobility
  • Advanced biofuels
  • Natural gas, biogas and biomethane

Corporate governance

• Our governance
• Governance structure
• Acting ethically and with integrity
• Ethics channel
• Risk management
• Economic-financialperformance

Innovation

• Moved by evolution

Our people

• The Vibra way
• Attraction, retention and development
• Compensation and recognition
• Health and well-being
• Safety
• Diversity, equity and inclusion

Stakeholder engagement

• Product and service management
• Customers and consumers
• Resellers and service station attendants
• Suppliers
• Transportation suppliers
• Society
• Investors
• Institutional Relations

Climate change

• Climate strategy
• Climate-relatedrisks and opportunities
• Emissions

Environmental performance

• Environmental management
• Energy efficiency
• Water and effluents
• Waste and materials
• Soil and underground water
• Biodiversity

GRI and SASB Summary

Annexes

• TCFD report
• Assurance statement

Credits

The year was marked by advances that, in addition to immediate results, laid the foundations for assuring Vibra's growth, competitiveness and pro-active role in the energy market in the coming years.

For Vibra, 2023 was a year of significant

achievements. These accomplishments, which are already delivering immediate results, also laid the foundation for assuring the company's growth, competitiveness and leading role in the energy market in the coming years.

The second year of my tenure as Chairman of the Board has commenced with a number

of significant challenges. These were partic-

ularly pronounced due to the outbreak of two wars, which had a profound impact on the global oil market. Nevertheless, Vibra managed to obtain the best results cycle since its creation. And I attribute these record performance to some factors related to the Com- pany's management, which I list below:

• The arrival of a new president who has sought to reorganize Vibra's focus to extract the best results from the Company's tradi- tional business activity, which is very profit- able and still has great growth potential;

• The president's efforts in assembling a very strong team, recruiting market professionals with expertise to complement what already exists in the executive team. In this context, I especially highlight the arrival of a new CFO and the establishment of a Vice Pres- idency, to take an integrated approach on strategy, ESG, energy transition and merg- ers & acquisitions;
• In-depthanalysis and a high level of tech- nical detail to understand which segments still offer growth opportunities for our tradi- tional businesses. As examples of this thor- ough evaluation, the Company identified regions where representativeness remained below the desired level, particularly in locations where agribusiness is strong and continues to grow. Additionally, it identified products with a potential for greater market share, such as lubricants;
• The design of the growth strategy, paving the foundations that will ensure the Compa- ny's long-term success.

Close attention to clients and consumers was another very important focus of the Company in

2023. The launch of the "Customers in our DNA" program marks a pivotal moment for Vibra, as it paves the way for a transformation of its services and a re-evaluation of this relationship from a different angle.

To support this transition period, the Vibra Board of Directors has been posing questions and reflections that can contribute to decision-making by the Company's manage- ment. The relationship of trust built between the Board and the members of the management team is, for me, a source of great pride and satisfaction.

Furthermore, I would like to acknowledge the contributions of the Board members. They have been instrumental in guiding this process and highlighting areas that require executive management's attention. Our professionals bring diverse experiences to the table, using their knowledge to help us make the best decisions for the business. We are always guided by transparency and the legal framework. We recognize our responsibility to society to act with honesty and integrity while delivering results for our shareholders.

In my view, the most significant advance made in 2023 was the focus on our people, which was fundamental to achieving good results. Our workforce is very distinctive: a highly specialized body comprising professionals with advanced technical and

educational qualifications. We recognize the value of this expertise and strive to leverage it to our advantage.

Therefore, Vibra has focused on people, on making each one of them feel respected and responsible for the Company's results. To this end, we implemented concrete actions to engage our employees and to horizontalize the Company's management structure. For example, the budget process relied on the participation of different sectors within the company, demonstrating the importance of everyone's efforts in achieving the targets.

Close attention to clients and consumers was another very important focus of the Company in 2023. The launch of the "Customers in our DNA" program marks a pivotal moment for Vibra as it paves the way for a transformation of its services and

1. re-evaluationof this relationship from a new point of view. Indeed, the projects that have been developed place the customer at the center of the decisions that are funda- mental to our continuity.

Finally, the definition of our social cause: combating the sexual exploitation of

children and adolescents. By addressing a complex topic that is often sidestepped by the private sector, our Company demonstrates courage and a genuine willingness to contribute to and leave a positive legacy for our society.

In 2024, we will continue to be motivated, with heartfelt engagement and a challenging mindset. May we have many more years of overcoming challenges and reaping the benefits of our hard work.

SÉRGIO RIAL

Chairman of the Board of Directors

In my first year as president of Vibra, I found a very challenging business environment; but, also, a team prepared and engaged to face adverse conditions and continue to move forward, which was reflected in the excellent results achieved. We achieved a record adjusted EBITDA of R$ 6.26 billion, excluding the result of an extraordinary tax refund, which brought in an additional income of about R$

2.6 billion. Thus, our totaling adjusted EBITDA was R$ 8.85 billion, and we posted a record net income of R$ 4.8 billion in 2023. This data demonstrates that Vibra's 3,526 employees apply their energy and expertise to drive transformation, are passionate about their work, and have a genuine commitment to doing the right thing. Our human capital is our greatest strength!

Vibra is a Brazilian corporation with the desire to serve and deliver energy security to the entire country. We operate in all states, and we have, a strong presence in the North and Northeast. These regions have seen significant investments in the past, giving us a competitive advantage. Our company has established a strong presence in the region,

with operational bases and fuel transportation capabilities across the Amazon river systems. We also offer unparalleled logistics infra- structure, enabling us to reach even the most remote locations. With more than 8 thousand service stations and 9.4 thousand B2B cus- tomers, totaling 26 thousand points of con- sumption, we have a significant presence and are "in every corner of Brazil." Our capillarity is a great asset. In 2023, we sought to enhance this advantage and act on fronts where we identify opportunities for improvement.

We structured our Transformation Office, called "Customers in our DNA", which prior- itized projects with the potential to improve the level of service provided to clients, in addition to guaranteeing financial results. As part of this effort, we restructured the Customer Service area. For the first time in the Company's history, since it became a true corporation, we trained the entire sales team, reaching about 500 people. Our focus on the client will always be our main mission.

We restructured the Executive Board to reinforce areas that we consider strategic

for the Company's sustainability. To address these matters, we have established a Vice Presidency to oversee ESG strategy, in conjunction with renewable energy and mergers & acquisitions.

Another area we sought to strengthen through restructuring was Business Development, which was integratedwith Marketing. With this new scope, the Vice Presidency hopes to establish markets for products linked to the core business, where there is still great value to be tapped. We have already achieved excellent results in lubricants and premium products, consolidating our leadership. But there is still room to grow. A similar approach has been taken in the agribusiness segment, where we have revised our strategy to offer closer service and develop specific products.

We are committed to further consolidating our portfolio through investments to provide the energy that people and companies need to drive the country forward. They are focused on ethanol, electromobility, electricity from solar and wind sources, biogas and bio- fuels such as green diesel.

We achieved an Adjusted

EBITDA of R$ 8.85 billion and a record Net income of R$ 4.8 billion

These are actions that have prepared us for the future. In early 2024, we launched the "Manifesto 2030," our internal statement of purpose, ambition, behavior, and values. It was developed with the input of all Company employees and defines our goal "to be the reference in energy solutions for customers, creating value in a sustainable, innovative way, in an inclusive environment where people can be themselves."

Reinforcing the importance of people is not mere talk; on the contrary, they are the basis of our entire strategy. Therefore, for Vibra, safety and integrity are non-negotiable val- ues. Our objective is to achieve zero acci- dents. There is no hierarchy when it comes to safety. Any employee is entitled to refuse to perform a task if they do not feel safe. Regarding ethical conduct, in addition to ongoing internal improvement, our objective is to expand our activities and influence the sector. To this end, we will collaborate with the government, regulatory agencies, and sector bodies to address irregular practices that are harmful to society as a whole.

As signatories of the United Nations Global Compact, we are publicly committed to acting based on environmental and social responsibility aspects. In environmental management, we ended the year without any leaks with an

environmental impact. This represents the best result in our historical series, and we exceeded our goal of reducing emissions from our operations.

Regarding social performance, our objective is to significantly increase diversity and inclusion in the organization. For this, we have set goals to increase the number of women and blacks in leadership positions. Furthermore, we have defined a social cause that particularly resonates with me, and that I intend to engage with on a personal level: combating the sexual exploitation of children and adolescents. This is a critical issue in Brazil and we have the opportunity to make a significant impact. We know it is not easy, but we want to leave a legacy for the country by working with partners and employees in this noble cause.

I am pleased to report that we achieved excellent results in 2023. But that does not mean we can become complacent. I remain motivated in 2024, but with the understanding that there is still much to be done. Bring on another vibrant and energetic cycle!

ERNESTO PERES POUSADA JUNIOR

President

This is the Sustainability Report of Vibra Energia S.A., a for-profit Public Limited Com- pany, with its headquarters located in the Cidade Nova/RJ - Brazil neighborhood. The report is published annually, and this edition presents our main initiatives from January 1 to December 31, 2023, in addition to reporting relevant information about the 1st quarter of 2024.

The content of this report considers all the businesses of Vibra Energia and subsidiaries that are 100% controlled: Vibra Trading BV, Vibra Importadora e Exportadora Ltda., VEM

• VBBR Conveniência S.A., and FII-FCM and FI - Vibra Venture (for accounting purpos- es only).

Vibra Energia only operates in Brazil, as does Vem Conveniência. However, Vibra Trading BV has an office in the Netherlands and a branch in the USA (Vibra Trading Americas).

The content complies with the Global Reporting Initiative (GRI) standards. It also reports specific indicators from the Sustainability Accounting Standards Board (SASB) and, in the annex, information from the Task Force on Climate-Related Financial Disclosures (TCFD). Vibra's Executive Board reviews and approves the final version of the report, which is also evaluated by the Board of Directors. The information contained in the report is subject to external assurance.

GRI 2-14

The reformulations and revisions of contents disclosed in previous years are disclosed in footnotes throughout the report and linked to GRI 2-4.

The brands

BR Aviation, Petrobras Premmia, Petrobras Grid, Petrobras Podium, Petrobras Verana and Petrobras, mentioned in this report, are owned by Petróleo Brasileiro S.A. and licensed to Vibra Energia S.A.

Questions, criticism and/or suggestions

about the content presented can be sent to the consumer service area through the following communication channels:

4090 1337 (capitals)

0800 770 1337 (other regions)

Electronically:

vibraenergia.com.br/contato

Economic

• Net income of R$ 4.8 billion: > 2 times growth vs 2022
• Adjusted EBITDA of R$ 8.85 billion: historic record with growth of 73% vs. 2022
• Payment of dividends of R$ 1.6 billion, 94% higher than the value of 2022
• Launch of the "Customers in our DNA" Transformation
  Office with important deliveries: integrated management (S&OP), retail price centralization, growth in premium product sales and excellence in customer service

• We ended the year with
  8,198 Petrobras Service Stations
• Vem Conveniência now is 100% Vibra and ended the year with
  1,323 stores
• Market share of 44.6% of additive and premium fuels, with growth of 2.7 p.p. vs. 2022
• Lubrax+ is the 6th largest franchise in Brazil by ABF ranking
• Comerc EBITDA Proforma @ stake1 record of R$ 654.9 MM

Environmental

Shared results with investees companies

¹Excluding customers of other business partners

Social

• Launch of the Zero Sexual
  Exploitation of Children
  and Adolescents program and training of +3,000 attendants and awareness
  of ~10,000 drivers
• R$ 2.9 million of incentivized resources invested in social projects
• We exceeded the target of 23% reaching 28.6% of women in senior leadership
• We reached the goal of 16% of black people in leadership
• Conducting the 1st diversity census

• Launch of a program for startups headed up by women
• GPTW - Great
  Place to Work certification
• Launch of the volunteer pillar in the Reconhece+ Program
• Frequency rate of transportation accidents (0.02) had the best result in the historical series
• Percentage of time lost (1.51) had the best result in the historical series

Governance

• Full corporation with excellence in governance: committees acting in support of the Board of Directors in tune with the executive management
• Creation of the Executive Vice- Presidency of Renewable Energy and ESG
• Creation of the group of 24 leaders as ESG ambassadors, in addition to
  75 focal points
• Certification of our Compliance
  Management System by ISO 37301

• Adherence to the 100%
  Transparency Movement of the UN Global Compact
• More robust risk management with the definition of 41 KRIs (corporate key risk indicators)
• ESG Top targets for diversity and decarbonization
• 19% of Vibra's total goals related to
  ESG topics
• 163 ideas registered in co.laborar