Sustainability
Report 2023
SUMMARY VERSION
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable |
Summary version | strategy |
Introduction
This is the summarized version of the Sustainability Report of Vibra Energia S.A.
The document highlights the main initiatives carried out by the company in the period from January 1 to December 31, 2023, in addition to reporting relevant information for the 1st quarter of 2024.
The full report can be accessed here
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.
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Energy to move | Corporate | Innovation | Our people | Stakeholder | Climate | Environmental | 2 |
Brazil | governance | engagement | change | performance | |||
Message from Management
The year was marked by advances that, in addition to immediate results, laid the foundations for maintaining Vibra's growth, competitiveness and role in the energy market in the coming years.
SÉRGIO RIAL
Chairman of the Board of Directors
Our purpose is to move Brazil with its best energy. Vibra has a unique team, infrastructure, products and capillarity to serve our customers throughout Brazil. I am pleased to report that we achieved excellent results in 2023. However, this does not mean that we can remain complacent. I continue to be motivated in 2024, with the certainty that we still have plenty to do. Bring on another vibrant and energetic cycle!
ERNESTO PERES POUSADA JUNIOR
President
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to move | Corporate |
Summary version | strategy | Brazil | governance |
Innovation | Our people | Stakeholder | Climate | Environmental | 3 |
engagement | change | performance | |||
Who
we are
Brazil moves with Vibra
We are Vibra Energia S.A., a publicly traded company, one of the largest energy companies in Brazil, leader in the fuel distribution market and owner of the most remembered lubricant brand: Lubrax. We are honored to have been present in the daily lives of Brazilians for 52 years, contributing to the national GDP, generating jobs and driving the country's economy.
Headquartered in Rio de Janeiro, we are strategically present in the five Brazilian regions with 101 operational units. To
support our international transactions, such as import and export, we maintain Vibra Trading BV, with offices in the Netherlands and the United States.
Vibra exists to move Brazil with its best energy. We will continue to work to achieve this corporate purpose in the coming years. The trust of our customers and our position as an industry leader are qualities we have cultivated over time and will continue to be part of our core identity.
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to move | Corporate | Innovation | Our people | Stakeholder | Climate | Environmental | 4 |
Summary version | strategy | Brazil | governance | engagement | change | performance | ||||||
Vibra's numbers
8,198 service stations
in + than 2 thousand municipalities, in the
26 states and the FD
30 million consumers make transactions in our service station network every month
We have
10,000 drivers
and 8,000 contracted trucks, which drive the equivalent of
822 laps of the Earth every month
Lubrax products available to more than
120 thousand
customers throughout the country and a presence in five other countries in
Latin America
We serve our 9,400 customers in more
than 26 thousand points of consumption throughout Brazil
We distribute 35.2% of the fuel used by companies in the country
We supply
6 out of 10 commercial flights in Brazil
And we are present in 94 airports
+ than 16,000 | 2.0 GW of |
monthly electric | installed capacity |
vehicle recharges | with solar and wind |
carried out | power plants |
Growth of 16% in BR Mania Stores' turnover
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to move | Corporate | Innovation | Our people | Stakeholder | Climate | Environmental | 5 |
Summary version | strategy | Brazil | governance | engagement | change | performance | ||||||
Sectoral awards and recognition
100 OPEN STARTUPS 2023
Number 1 in the Retail and Distribution sector in open innovation practices with startups in Brazil
ÉPOCA NEGÓCIOS 360º Winner in the Wholesale sector
in the Época Negócios 360º yearbook
MELHORES & MAIORES 2023 Best company in the history of the Petroleum and Chemicals sector, according to Exame Magazine
MIT INNOVATIVE WORKPLACES
BRAZIL 2023
We are among the 20 most innovative companies in the country
BEST CORPORATIONS RANKING
FOR STARTUPS
We were sixth among 20 corporations
VALOR INNOVATION 2023
Top 4 of the Valor Innovation Award
ESG recognition
We are included in the main market indices and ratings and have obtained positive results in recent years that demonstrate our commitment to governance and socio-environmental management.
Caliber: We were chosen as the 2nd best company in Brazil in ESG practices in 2023
CDP: B Score in 2021, 2022 and 2023
Ecovadis Sustainability Rating:
Silver medal since 2020
Exam: Best of ESG 2022 and 2023 in the
Oil, Gas and Chemical category
FTSE4Good: Listed since 2020
ICO2 B3: Listed since 2020
ISE B3: Listed since 2019
IDIVERSA B3: Listed in B3's 1st diversity portfolio
Institutional Investor: We were recognized in 2022 and 2023 among ESG Best in Latin America ranking
MSCI: Rating A since 2021
Brazilian GHG Protocol Program: Gold seal in GHG Protocol since 2019
S&P Global: We were included for the 3rd time in the Sustainability Yearbook in the Retailing segment
Sustainalytics: In 2022 and 2023, we received the Industry Top Rated seal in the Refiners and Pipelines segment
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to move | Corporate | Innovation | Our people | Stakeholder | Climate | Environmental | 6 |
Summary version | strategy | Brazil | governance | engagement | change | performance | ||||||
Our sustainable strategy
Our
material topics
Vibra's commitment to an integrated and sustainable vision in strategic decision- making gained greater traction in 2023 with the establishment of the Vice Presidency of Renewable Energy and ESG. This new
position oversees Strategy, M&E, New Energies and ESG. The restructuring reinforces our desire to create a resilient Vibra, which focuses on the customer and expands its product offering.
ENERGY TRANSITION AND RENEWABLE ENERGY | EMPLOYEEATTRACTION, DEVELOPMENT |
AND RETENTION OF EMPLOYEE | |
ETHICS, INTEGRITY AND COMPLIANCE | MANAGEMENT OF |
ENVIRONMENTAL LIABILITIES | |
COMBATING CLIMATE CHANGE | SUPPLY CHAIN MANAGEMENT |
Our new ESG | Board of |
governance | Directors |
Integrity | ESG | |
Agents | Executive | |
Focal Points | Governance | Board |
ESG Ambassadors: 24 leaders. | ||
ESG Focal Points: 75 employees. | Ambassadors | |
Integrity Agents: 32 employees. |
MARKET TRANSPARENCY | DIVERSITY, INCLUSION AND EQUALITY |
AND PRODUCT PRICES | |
SAFETY, HEALTH AND WELL-BEING | DEVELOPMENT OF LOCAL AND |
TRADITIONAL COMMUNITIES | |
INNOVATION AND TECHNOLOGY | RELATIONS AND COMMUNICATION |
WITH PRIORITY STAKEHOLDERS | |
PRODUCT QUALITY AND SAFETY | PRIVACY AND DATA SECURITY |
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to move | Corporate | Innovation | Our people | Stakeholder |
Summary version | strategy | Brazil | governance | engagement |
Climate | Environmental | 7 |
change | performance | |
In pursuit of
ESG excellence
Understanding the importance of focusing on initiatives to centralize efforts and achieve better results, we have established seven priority topics, guided by four UN
Sustainable Development Goals and approved by senior management, to be addressed over the next few years.
E
S
G
Priority topics
SDG | ESG priorities | Ambition/Targets |
Decarbonization of our operations | Reduce 67% of GHG emissions by 2026 | |
Scope 1 and 2 | Neutralize GHG emissions as of 2025 | |
Customers decarbonization | Neutralize GHG emissions by 2050 | |
Scope 3 | Migrate customers to cleaner energies (LNG, biomethane, free market, among others) in 2024 | |
Social cause | Combating sexual exploitation of children and adolescents by engaging society and partners, | |
Combating the sexual exploitation of children | ||
protecting children and adolescents, and including families | ||
and adolescents | ||
Diversity and inclusion | 30% of women in senior leadership positions by 2025 | |
Women and blacks in leadership | 20% of black people in leadership positions by 2025 | |
Occupational safety | Zero SIFs (serious injuries or fatalities) | |
Safer workplace environment | Alert Limit of 0.71 of the LTFR (accident lost time frequency rate) | |
Ethics and integrity | Development of an action plan, together with the legal area, for the entire service station network | |
Combating irregular practices in the sector | ||
100% transparency on reporting channels and compliance and governance structure by 2025 | ||
Corporate governance | 100% of the high-risk value chain trained in integrity by 2027 | |
Best practices in transparency and accountability | 100% transparency of interactions with public administration by 2030 | |
100% integrity in senior management remuneration by 2030 | ||
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to | Corporate | Innovation | Our people | Stakeholder | Climate | Environmental | 8 |
Summary version | strategy | move Brazil | governance | engagement | change | performance | ||||||
Energy to move Brazil
Vibra as the main choice
Our ambition is to be a reference company in energy solutions by 2030, making us the absolute preference for meeting the energy needs of companies and people. To achieve this goal, we put the customer at the center of our decisions and have expanded the offer of products and services as we work to become one of the largest energy platforms in Brazil.
We are leaders in the distribution of fuels and offer the solutions essential today for the economy to continue to function. We want to be protagonists in Brazil's energy transition.
We offer a distinctive range of products and services, representing brands renowned for their quality and reliability. We have expanded our portfolio of energy solutions based on renewable sources, acquiring stakes and sealing strategic partnerships. The objective is to reduce our carbon footprint and also contribute to the decarbonization of our customers.
We operate in various segments: distribution of fuels and lubricants, licensing for reseller stations, aviation, distribution of chemicals, automotive lubrication franchises and convenience stores, commercialization
of ethanol, electricity and biomethane, electromobility and distribution of advanced biofuels.
When we talk about being protagonists in the energy transition, we are speaking to the need to grow in renewable energies. This is also a tool for us to move closer to our customers, helping them in the transition process.
CLARISSA SADOCK
Vice President of Renewable Energy and ESG
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to | Corporate | Innovation | Our people | Stakeholder | Climate | Environmental | 9 |
Summary version | strategy | move Brazil | governance | engagement | change | performance | ||||||
Highlights of our business segments
FUEL DISTRIBUTION
- We are leaders in the national fuel distribution market
- 4.6 million m³ of fuels distributed every month
- We carried out the 1st fuel delivery operation for the Petrobras Gas Station network with an electric-powered tank truck: 3.2 tCO2e avoided monthly
- We launched the country's 1st carbon neutral gasoline
- We offer two premium products in the nautical segment: Petrobras Verana Diesel and Lubrax Nautica Diesel
CHEMICALS AND
PETROCHEMICALS
• Wide portfolio of solutions for |
segments such as oil and gas, |
fine chemistry, agribusiness, |
paints, adhesives, household |
cleaning and rubber |
• Customized product |
development for each |
customer and application |
LUBRICANTS
• We launched the Lubrax |
UniTractor 10W-30, a high- |
performance lubricant |
developed for tractors and |
heavy agricultural equipment |
• Launch of Lubrax Supera |
Premium, a line of lubricants |
specially developed for use in |
hybrid vehicles |
AUTOMOTIVE LUBRICATION CENTER
• | 1,698 Lubrax+ Franchise |
stores, present in 21% | |
of Petrobras gas station | |
network | |
• | Lubrax+ sixth largest |
franchise in Brazil, | |
according to the 2023 | |
ranking of the Brazilian |
SERVICE STATION NETWORK
• | We are the fuel distributor with |
the largest network of service | |
stations in the country | |
• | 8,198 gas stations, with the |
CONVENIENCE
-
Vem Conveniência is now 100% controlled by
Vibra - BR Mania is the 11th largest franchise in Brazil
- 1,323 BR Mania stores at Petrobras
Gas Stations
location |
• Largest supplier of chemicals |
to the Oil and Natural Gas |
Exploration and Production |
(E&P) segment in Brazil |
• We offer more than 160 |
product families, consisting of |
over 600 items for automotive, |
industrial, marine and rail |
applications |
Franchising Association |
(ABF) |
• Hiring Lubrax+ |
Consultants, improving |
support in the day-to-day |
of the franchise |
licensed Petrobras brand, |
distributed in 2,320 cities |
• 150 gas stations in the Siga |
Bem Network |
• 30 million individual consumers |
make transactions in our servi- |
ce station network every month |
• 44.6% market share of |
premium products; growth of |
2.7 p.p. compared to 2022 |
- More than 60 million consumers
- + 550 products and 25 private label items offered
- R$ 1.6 billion in revenue; 16% higher compared to 2022
AVIATION
- More than 2,500 active customers in the segment
- Of every 10 commercial flights that take off in the country, 6 are supplied by Vibra
ENERGY SOLUTIONS
- Operating in the ethanol segment through Evolua Ethanol, a joint venture with Copersucar S.A.
- Operating in the electric energy segment through Comerc. In 2023, we launched the Carbon Credit Operations to expand our decarbonization platform
- Electromobility: 15 ultra-fast and fast charging points at Petrobras Service Stations; +1000 charging points at the partner EZVolt base and three 100% electric service stations
- Natural gas, biogas and biomethane: inauguration of the first plant in Jambeiro (SP) of ZEG Biogás, a company in which we hold a 50% stake, and a partnership with Inpasa to study the feasibility of producing and selling green methanol from ethanol by-products
Sustainability Report 2023 | / | Introduction | About Us | Our sustainable | Energy to move | Corporate |
Summary version | strategy | Brazil | governance |
Innovation | Our people | Stakeholder | Climate | Environmental | 10 |
engagement | change | performance | |||
Corporate
Governance
Our governance
The year 2023 was marked by the arrival of a new president at Vibra in February, and the transition took place transparently, proving the solidity and consistency of our procedures. The new CEO introduced changes to the company's management structure, in line with the strategic plan projected for the coming years.
Our corporate governance structure is comprised of the Shareholders' Meeting, the Fiscal Council, the Board of Directors and the Executive Board. The Board of Directors is evaluated by the Financial Committee, Statutory Audit Committee and Governance, People and Compensation Committee.