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Ocyan Relatório Anual 2020

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Ocyan Relatório Anual 2020 Table of Contents Presentation Annual Message of the president report Ocyan Corporate governance2020 Strategic vision Economic- financial performance Social commitments Environmental commitments Reporting process GRI Content Index Corporate information Ocyan Annual Report 2020 1A Table of Contents Presentation Presentation 3 Economic-financial performance 24 Message of A message of the president 4 Operational results 24 the president Ocyan 6 Financial results 26 Ocyan 2020 highlights 8 Social commitments 28 Corporate Main indicators 10 Internal audience 28 governance Corporate governance 12 Health and safety 37 Strategic vision Compliance 13 External audience 39 Economic- Risk management 17 Environmental commitments 44 financial performance Strategic vision 18 Responsible management 44 Social commitments Business orientation 18 Conscious use of resources 44 Environmental Sustainability management 18 Climate changes 48 commitments Dialogue 20 Reporting process 50 Reporting process Innovation 22 Gri content index 54 GRI Corporate information 62 Content Index Table of Contents Corporate information Ocyan Annual Report 2020 2A Table of Contents Presentation Message of the president Ocyan’s Annual Report presents its Development Goals (SDGs), together social and environmental data were main activities and results for the period with Agenda 2030, a United Nations internally checked. The Sustainability from January 1st to December 31st, 2020, document that presents concrete area was responsible for the survey of Ocyan including financial and non-financial measures to promote sustainable the GRI content items, as well as the information, risks and opportunities development, with 2030 as the target complementary information. |GRI 102-56| related to its economic, environmental year. These topics are detailed in the Corporate and social performance, which are item Materiality Process, on page 55. The independent auditors’ report and governance relevant to its shareholder and other the consolidated financial statements, stakeholders. The company publishes its Throughout the report, contents and a list of the entities included, are Strategic results annually, and the last document, complying with GRI requirements and available for stakeholder’s consultation vision with information from 2019, was commitments to the SDGs and the (shareholders and investors) at the published in May 2020. Global Compact (GC) are highlighted. company’s institutional website: |GRI 102-50, 102-51, 102-52| , under Investor Economic- www.ocyan-sa.com financial The financial statements of Ocyan S.A. Relations. |GRI 102-45| performance This document was prepared in for the fiscal year ended December 31st, accordance with the Global Reporting 2020 are presented in accordance with Initiative (GRI) Standards, as Essential accounting practices adopted in Brazil, Social commitments option. The content presented follows including the guidelines issued by the the correlation between the nine priority Brazilian Accounting Pronouncements subjects for the business, listed in a Committee (CPC), and the International Environmental materiality study carried out in 2020, in Financial Reporting Standards (IFRS) commitments addition to include the commitments of the International Accounting related to the United Nations Global Standards Board (IASB), and have been Compact and the Sustainable audited by independent auditors. The Reporting process GRI Content Index The photos in this report were produced before the Covid-19 pandemic. Presentation Corporate information Ocyan Annual Report 2020 3A Table of Contents Presentation If there is a word that perfectly sums channel to facilitate dialogue with the Itajaí - the Australian Karoon -, ensuring up the year 2020 for Ocyan, it is internal public - onshore and offshore. its operation up to 2026, and a new Message of the president overcoming. From the perspective of We upgraded the office environments chartering contract, for Norbe VIII, and the crisis triggered by the Covid-19 for the return of on-site activities and for the provision of services, for the pandemic and the volatility of oil prices, adapted them for the new flex office work Maintenance and Offshore Services it was an extremely challenging year design, incorporated as a good practice business. That is an irrefutable proof that Ocyan of absolute focus on caring for people in definitive. And we launched the Staff our assets, our performance, and our and working hard to ensure the health Member Support Program (PAI), with competitiveness are positioned among and safety of our personnel and the support actions for the staff members the best players in the market. Corporate safe operation of our assets. From the and their dependents in times of hardship, governance economic-financial point of view, it was such as psychological, financial, and legal Another 2020 highlight was the a year of historical records. assistance, among others. successful completion of the Strategic independent monitoring work that vision Our leadership and quick response to As a result of these and a series of other had been conducted, due to the the crisis, including the elaboration of awareness-raising and culture-building Novonor (formerly Odebrecht S.A.) Plea a support committee holding weekly initiatives, we achieved our best safety Bargain with the U.S. Department of Economic- financial meetings, helped us move forward, result of the year, with a Recordable Justice (DOJ) since March 2017. The performance even with the adversities that arose Incident Frequency Rate (TFIR) of 0.38, completion of this challenging process throughout the year. The offshore placing us among the best performances is a cause for pride and celebration, as activities remained safe, complying with in the worldwide industry. We also had it places Ocyan among the companies Social commitments the health and safety protocols issued by the best operating result, with assets with the most efficient Compliance the authorities and the Contingency Plan performing above the goals agreed upon, Systems in the world. There were developed for the handling of this crisis. which ensured an excellent evaluation of many changes in this period, which Environmental our operations by Petrobras and a result required dedication and commitment commitments We took the same care with onshore measured by EBITDA of R$ 2.4 billion, from all staff members, especially the workers, embracing remote work at the which represents a growth of 43.5% in Compliance and Finance teams. very beginning of the pandemic. Several comparison to 2019. Reporting process initiatives were adopted to lend more We have also advanced with the voice to the safety culture, such as the At the operational level, we achieved sustainability agendas, by carrying launch of the 10 Commitments to Fighting important victories to ensure the growth out a new materiality process, through A Message of GRI Covid-19 and the Ocyan Comunica and continuity of the business. We won which we identified the most relevant Content Index Platform, an interactive and collaborative a new client for the FPSO Cidade de business subjects, the ones that will the President |GRI 102-14| Corporate information Ocyan Annual Report 2020 4A Table of Contents Presentation drive our performance strategy in the coming Despite the excellent results achieved so far, Message of the president years; and innovation, with the creation we understand that there is still a long way to of the Innovation and New Businesses go. That is why, also in 2020, we developed Board, focusing on the development of the Social and Environmental Responsibility solutions that bring more efficiency and Platform, seeking new opportunities in Ocyan growth opportunities to the industry. This the social and environmental areas that development is in line with our commitments contribute to the communities where we to the United Nations Global Compact operate. Likewise, we aim to collaborate in our Corporate and Sustainable Development Goals, and customers’ strategies to reduce their carbon governance the integrated vision that considers ESG footprint through sustainable, innovative, and (environmental, social, and governance) efficient operations. Strategic aspects for the oil and gas market. vision I want to conclude by thanking all our staff, All these actions, in addition to others shareholders, customers, suppliers, and other described in detail throughout this Annual business partners. Thank you for supporting Economic- financial Report, have resulted in a significant us in each of these achievements. I hope that performance improvement in the corporate reputation 2021 is not only a year of resumed growth for index among our staff members. It was a the oil and gas industry, but a year of healing. 13.8-point leap in three years, going from The world needs hope. Social commitments 63.4% in 2017 to 77.2% in 2020, the result reflects the company’s care about people and Roberto Bischoff validates the set of strategies adopted by the CEO Environmental management, based on the consolidation of commitments the best market practices. Reporting process GRI Content Index ODN II Corporate information Ocyan Annual Report 2020 5A Table of Contents Presentation A pioneering company in the Purpose • Excellence in the pursuit of the Brazilian oil and gas industry, energy that drives the world. Message of the president Values with complete solutions to • Safety First: All necessary actions are taken to safeguard the lives of the staff members Ocyan serve
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