Petróleo Brasileiro S.A. - Petrobras — Ethics Grade D-

Petróleo Brasileiro S.A. - Petrobras receives an overall ethics grade of D- (22/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 30
• privacy: 80
• consumer: 45
• environment: 25
• humanRights: 40

Documented incidents (3)

• Operation Car Wash Scandal (high, 2014) — The company was at the center of a massive kickback and money laundering scheme involving executives and Brazilian politicians. This resulted in over $2.5 billion in fines and settlements to U.S. and Brazilian authorities.
• Guanabara Bay Oil Spill (high, 2000) — A ruptured pipeline released over 1.3 million liters of fuel oil into Guanabara Bay, causing significant damage to the local ecosystem and fishing communities. The company faced heavy fines and criticism for delayed response.
• P-36 Platform Explosion (high, 2001) — Explosions on the P-36 oil platform killed 11 workers and eventually caused the entire structure to sink into the Atlantic Ocean. Investigations pointed to design flaws and inadequate maintenance protocols.

Documented good deeds

• Decarbonization Fund Investment — Petrobras allocated $600 million for decarbonization projects to reduce operational carbon intensity.

Ethical alternatives

• Neste Oyj — A leader in renewable diesel and sustainable aviation fuel production with high transparency.