Petrobras on Social Program Focused on LPG

Source: www.gulfoilandgas.com 12/8/2021, Location: South America

Petrobras, following up on the release from 09/29/2021 on the creation of a social program focused on liquefied petroleum gas (LPG), informs that it has approved the delivery of 300,000 grants to support the acquisition of cooking gas canisters by families in a situation of social vulnerability by December 2021. In this first phase, Petrobras will invest R$ 30 million, out of the total of R$ 300 million approved by the Board of Directors for application by the end of 2022.

For 2021, two lines of actions were approved, which will directly benefit around 300,000 families. In the first line of action, resources will be allocated to non-profit institutions that are partners with Petrobras in carrying out socio-environmental projects. These institutions operate in the vicinity of Petrobras' operations and will provide assistance, in the amount of R$ 100.00, to 90,000 socially vulnerable families living in these communities. These families, who were already receiving support from Petrobras through donations of food baskets and/or food cards over the past few months, will now also receive, until the end of the year, assistance to purchase a gas cylinder.

In the second line of action approved, the company will benefit 210 thousand families with assistance for the purchase of LPG cylinders. This action will be carried out through a partnership with Fundação Banco do Brasil and with other companies and institutions, such as Vibra Energia and Fundación Mapfre, in addition to Banco do Brasil and associated companies, such as BB Seguros, Banco do Brasil Distribuidora de Títulos and Securities (BB DTVM), BB Consórcios, Livelo, Cielo and others. Fundação Banco do Brasil is developing the project Brasileiros pelo Brasil, in which it acquires family farming products to assemble basic food baskets to be donated to the population of municipalities and communities with a low Human Development Index (HDI) across the country. Through the partnership with Petrobras, in addition to a food basket, the families will receive aid in the amount of R$ 100.00 for the purchase of an LPG cylinder by the end of the year.

In relation to the R$ 270 million that will be used throughout 2022, the model is still in the study phase.

This initiative reinforces Petrobras' social role and demonstrates its commitment to contributing more and more to society.


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