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ARTICLE · 02 SEPTEMBER 2015

Petrobras Includes A Compliance Due Diligence Procedure In Its Procurement Process

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The PCPP, which was created by Petrobras in December 2014, seeks to enhance the prevention, detection and correction of frauds and corruption...

BrazilEnergy and Natural Resources
Salim Neto
Salim Neto
Alexandre R. Chequer
Alexandre R. Chequer
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A notice was published on August 25, 2015, on the Petronect Portal, the Suppliers Relationship Portal of the Petrobras Group, informing about the creation of a new criterion for the assessment of suppliers as a result of the implementation of the Petrobras Anti-Corruption Program (PCPP).

The PCPP, which was created by Petrobras in December 2014, seeks to enhance the prevention, detection and correction of frauds and corruption by means of an integrated management and corporate governance actions and controls within Petrobras.

The compliance due diligence procedure (DDI in the Portuguese acronym) was created as part of the PCPP, and has the purpose of evaluating Petrobras's suppliers using a compliance criterion.  This new procedure is also in accordance with the requirements imposed by Decree 8.420/2015 and shows Petrobras's willingness to establish a compliance program that meets legal standards.

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