Agreement with AGU and CGU

Odebrecht S.A. signed a leniency agreement with the Ministry of Transparency, the Comptroller General’s Office (CGU) and the Attorney General’s Office (AGU) to the value of BRL 2.7 billion (approximately US$ 700 million). This agreement legally strengthens the Odebrecht leniency enabling the company to sign contracts with the federal administration in Brazil and, among other benefits, contributes to the recovery of the Brazilian infrastructure market. Learn more.

Agreement with banks

Odebrecht S.A., the holding company of the Odebrecht Group, entered into a financial agreement with five Brazilian banks to raise R$2.6 billion while rolling over shorter-dated liabilities at lower interest rates. Learn more.

Transparency

Odebrecht is one of nine Brazilian companies to attain the highest score on the transparency of our Anti-Corruption Program in a study conducted by the NGO Transparency International of Brazil’s 100 largest companies and 10 largest banks. Learn more.

Odebrecht S.A. publishes its Risk Management Policy

The Risk Management Policy presents concepts and guides team members on the need to evaluate the business environment, enhance decision-making processes and strengthen internal controls. Learn more.

Ocyan strengthens market positioning

Odebrecht Oil & Gas, a company specializing in services for the oil and gas industry, has changed its name to Ocyan and has gained a new visual identity while strengthening its industry positioning.

Atvos is launched

Founded 10 years ago, Odebrecht Agroindustrial changes its name and ratifies its long-term strategy for investing in the industry. With the name of Atvos, the new brand is aligned with the company’s planning for the coming years, which includes the need for new investments to support growth and to surmount the new challenges in the sugar and ethanol industry. Learn more.

Odebrecht TransPort sells Embraport

The sale of Embraport to DP World by Odebrecht TransPort is part of the strategic restructuring plan of the company, which continues to reevaluate its presence, partial or none, in the asset portfolio.

Anti-Corruption Training

Conduct of anti-corruption training and the Policy on Compliance with Ethical, Integrated and Transparent action for all members of Odebrecht S.A.

Braskem modernizes its brand

Braskem commemorates its 15th anniversary as an increasingly globalized company that is recognized by clients in some 100 countries on all continents. To reflect on this journey, the company adopts a new brand that symbolizes the continuity of its global expansion cycle. Learn more.

Odebrecht signs cooperation agreement with Panama

The agreement includes the payment of up to US$ 220 million in fines, showing that the company remains willing to collaborate with the authorities of the countries in which it operates.

Braskem announces new independent Board members

Three new independent members were added to the Company’s Board of Directors. With these elections, the Board of Directors of Braskem will now have seven members, of a total of eleven. Read more.

Cooperation agreement with Ecuador

Odebrecht signs Cooperation Agreement with the Attorney General of Ecuador to clarify the facts presented through a complaint about corruption in the country. Read more.

Improvement of the Ethics Line

In order to ensure greater security and anonymity regarding the complaints received, Odebrecht outsources the operations of the Ethics Line to a specialized and independent company. Read more.

Sale of Odebrecht Ambiental

Completion of the sale process of Odebrecht Ambiental, the largest private sanitation company in Brazil. The sale is part of agreements totaling R $ 2.5 billion to increase liquidity and guarantee cash flow. Read more.

Independent Monitoring

Under the terms of the agreement with the Federal Public Prosecutor’s Office and the US Department of Justice, Odebrecht hires an independent external compliance monitor for a period of up to three years, during which it will continue to improve its Compliance System. Read more.

Enseada Extrajudicial Recovery

Enseada Naval Industry filed an Extrajudicial Recovery request to restructure the company’s debt to creditors. The measure gives more comfort and security to customers, investors and suppliers.

Agreements in Brazil, USA and Switzerland

Odebrecht S.A. signs a Leniency Agreement with the Brazilian Federal Prosecution Office, the U.S. Department of Justice and the Swiss Office of the Attorney General. The agreement includes cooperation in investigations, payment of fines and extensive remedial measures to correct compliance failures. Read more.

Creation of the Integrated Compliance Committee

Formed by the CCOs of the Group companies, the committee meets monthly to exchange experiences and accelerate the implementation of new policies and ensure the effectiveness of ethical practices.

Creation of the Global Council

Created to support the governance, strategic direction and development of the Group companies in areas such as purpose, corporate citizenship and sustainability, the Global Council is composed of recognized leaders from Brazil and countries with business experience, civil society organizations, academic research and multilateral and governmental institutions.

Governance Policy Evolution

Changes in the change in the Governance Policy determined:
– At least 20% of the members of the Boards of Directors (but not less than two) must be considered Independent;

-Creation of a Permanent Compliance Committee, at the Odebrecht S.A.’s Board of Directors, and at the Businesses;

-Direct linkage of Compliance Officers to Compliance Committees.