Petrobras sponsors GRI Readers’ Choice Awards 2010. Only 24 hours left to nominate your favorite reports

(3BLMedia/theCSRfeed) April 7, 2010 - Petrobras will be the exclusive sponsor of GRI’s Readers' Choice Awards 2010 in which readers from around the world can choose the best sustainability reports. The Awards are organized by the Global Reporting Initiative (GRI), in partnership with KPMG Spain, KPMG Netherlands, Futerra, SustainAbility, ACCA and TCS. GRI is an international multi-stakeholder organization that develops the sustainability reporting framework for organizations of all sizes, locations and sectors.   Since 2003 Petrobras has adopted in its sustainability reports the principles and indicators developed by GRI. In the first edition of the Awards, held in 2008, Petrobras' Social and Environmental Balance was elected the best report by the participants. The winners of the 2010 edition will be announced during the Amsterdam Global Conference on Sustainability and Transparency (www.amsterdamgriconference.org), scheduled to be held in Amsterdam, the Netherlands, from 26 to 28 May.   According to GRI’s CEO Ernst Ligteringen, the Readers' Choice Awards will be one of the highlights of the conference. “GRI is delighted to partner with Petrobras once again, the Brazilian company having been a key sponsor of GRI’s last biennial conference.” said Ligteringen. "This partnership with GRI shows the importance Petrobras attributes to discussions regarding sustainability and transparency in society. The Readers' Choice Awards is an opportunity to reflect on the current role of sustainability reporting in light of what readers and organizations expect of it as a management tool. We are pleased to cooperate with this initiative.” said Luis Fernando Nery, Petrobras’ Social Responsibility manager.   Any report reader can participate in the Readers' Choice Awards by visiting the website http://awards.globalreporting.org/ before 8 April and voting on the 105 shortlisted reports. As a sponsor, Petrobras is not competing for the prize. In addition to supporting this project, the company is a member of the working group that developed the GRI sector supplement for the oil and gas industry. Furthermore, Petrobras takes part in global discussions in the Organizational Stakeholder program and has a representative at GRI's Stakeholder Council.   Media Contact Marjella Alma, alma@globalreporting.org; +31 20 531 0036.   About The Global Reporting Initiative The Global Reporting Initiative has pioneered the development of the world’s most widely used sustainability reporting framework and is committed to its continuous improvement and application worldwide. This framework sets out the principles and indicators that organizations can use to measure and report their economic, environmental, and social performance. www.globalreporting.org