This excerpt taken from the PBR 6-K filed Sep 4, 2009.
Petrobras listing on the Dow Jones Index renewed
Rio de Janeiro, September 03 2009 PETRÓLEO BRASILEIRO S/A - PETROBRAS, announces that for the fourth year in a row it has earned the right to be listed on the Dow Jones Sustainability World Index (DJSI), the worlds most important sustainability index, which is used as an analysis parameter by socially and environmentally responsible investors. With the renewal, the Company consolidates itself as one of the most sustainable outfits in the globe.
The ongoing improvements made to the corporate governance practices and the adoption of international transparency standards have allowed Petrobras to once again get the top score in the Transparency criterion, a fact that makes its commitment to corporate integrity evident. By this, the Company reinforces its credibility in the market and improves its relationship with its stakeholders.
Petrobras also got the top score in Human Capital Development and stood out as a benchmark in the Environmental Policy and Management System item. The Companys performance was also distinguished in issues relative to Renewable Energiy, Social Impacts on Communities, and Biodiversity, among others.
Index composition is determined by the assessment of the environmental, social, and economic performances of more than 317 corporations operating in 58 sectors all over the world. Only 19 oil and gas companies are currently listed on the index. The results of this renewal influence fund managers who make their decisions based solely on companies that are featured on the index. These funds currently invest upwards of $8 billion in stocks belonging to the companies that are on the DJSI.
Having remained on the index is a reflex of the recognition of the commitment the company has made to guide all of its activities and operations based on social and environmental aspects and to minimize its impact on the society and on the environment. Seeking to integrate sustainability to its business, Petrobras is engaged in attaining its strategic objectives of growing with profitability and social and environmental responsibility.
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 03, 2009
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.