RIO DE JANEIRO, Brazil, May 6 /PRNewswire/ --

From May 7 to 9, Petrobras will advance discussions on issues such as sustainable development and biofuels during the Amsterdam Conference on Sustainability and Transparency. The event, held by the Global Reporting Initiative (GRI), the world's biggest reference in sustainability report preparation, will bring more than a thousand participants together in Amsterdam, The Netherlands.

The conference's main sponsor, Petrobras will hold a special event on sustainability management and biofuels tomorrow (05/07), 10:30AM (local time). The executive manager for the company's Management System Development area, Antonio Sergio Oliveira Santana, will discuss the actions that were carried out to improve Petrobras' participation in the segment: its production strategy in the Brazilian context and the steps taken to ensure human rights. The coordinator of Petrobras' Social Balance, Ana Paula Grether, will present the process that was followed to prepare the balance and the contribution it has made to improving sustainability management.

Petrobras also participates in the conference as one of the 45 finalists of the GRI Reader's Choice Awards, an initiative that will award the world's best social balances. The results, which will be announced tomorrow (05/07), reflect the opinion of the readers who voted, over the Internet, for the reports they considered the most complete. The publications with the most accumulated points will be declared the winners in nine different categories. In total, 800 reports participated in the first phase.

The Company has complied with the GRI's guidelines since 2003, a stance that has been assuring international recognition to the Company's Social & Environmental Balance. For two years in a row (2005 and 2006), the Balance was considered a outstanding report by the United Nations (UN) Global Compact, and it was referred to as a global benchmark in several international workshops.

Petrobras was considered the world's most sustainable oil company in a survey carried out by Management & Excellence (M&E); furthermore, it is the eighth most reputable, according to a study by the Reputation Institute. It was the first Latin American company to be on the UN's Global Compact, and it is listed on the Dow Jones Sustainability Index (DJSI) and on the Sao Paulo Stock Exchange's Corporate Sustainability Index (ISE - Bovespa).

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