2 11
RR2011_ENG_0720.indd 1
02/08/11 16:16
Dayane Ferreira da Silva, from ETH’s
Conquista do Pontal Unit in Pontal do
Paranapanema, São Paulo: the company
opened two new units in 2010.
RR2011_ENG_0720.indd 2
02/08/11 16:16
Dear Odebrecht Organization Member,
We have the pleasure of presenting the main results that all our subsidiaries
garnered in 2010.
These results show solid progress toward the Global Organization we aim to
build – an Organization that is made up of Knowledgeable People committed
to sustainable development, and a leader in the businesses and countries in
which it operates.
Today, we are more than 120,000 people strong, people from over 65
nationalities active in 20 countries, with increasingly internationalized and
diversified operations.
As for the future, our plans are just as challenging, and it could not be
otherwise. Our greatest legacy, the Odebrecht Entrepreneurial Technology
(TEO), with which we are building the present and laying the foundations for
the future, inspires us to continue serving clients responsibly and cheerfully
while contributing to sustainable development in our local communities.
According to the Odebrecht Organization’s Vision for 2020, by the end of
this decade we will be present in more than 30 countries and have 300,000
Members. Like today, they will be sharing our clients’ dreams, offering them
integrative and innovative solutions and generating wealth for everyone.
3
RR2011_ENG_0720.indd 3
02/08/11 16:16
Subsidiaries
Holding Company: Odebrecht S.A.
Ode
Responsible for providing the Organization’s strategic direction and maintaining its cultural and philosophical
unity, Odebrecht S.A. seeks to hone the businesses’ entrepreneurial practices, promote people’s growth and
development, and offer political and strategic support to all of its subsidiaries.
Inte
oil i
Odebrecht energIa
Odebrecht engenharIa
IndustrIal
Odebrecht Infraestrutura
eth
Electric power generation ventures,
prioritizing renewable sources.
Major industrial engineering projects
in Brazil and worldwide.
Engineering, construction and
infrastructure projects in Brazil.
Pro
from
•OdebrechtDefesaeTecnologia
National Defense and Public Security
technology and systems.
•OdebrechtTransPort
Transportation, urban infrastructure
and integrated logistics.
Odebrecht Venezuela
Odebrecht InternatIOnal
Ode
Engineering, construction and
infrastructure projects in Venezuela.
Engineering, construction and
infrastructure projects in the
United States, Europe and Africa.
A no
inst
Low
thro
sust
Odebrecht amérIca latIna
e angOla
Engineering, construction and
infrastructure projects in Latin America,
the Caribbean and Angola.
4
RR2011_ENG_0720.indd 4
02/08/11 16:16
Odebrecht ÓleO e gás
Odebrecht realIzações
ImObIlIárIas
Integrated solutions for the upstream
oil industry.
Residential, corporate, commercial and
tourism real estate ventures in Brazil.
Environmental solutions for treating
solid and liquid industrial waste, water
and sewage, and solid urban waste.
eth bIOenergIa
braskem
Production and sales of ethanol, energy
from biomass and sugar.
Production of thermoplastic resins with
a focus on polyethylene, polypropylene
and PVC.
Odebrecht PartIcIPações
e InVestImentOs
re
Odebrecht fOundatIOn
A non-profit private-sector public utility
institution that supports Southern Bahia
Lowlands families in northeastern Brazil
through a model for integrated and
sustainable development.
fOz dO brasIl
Manages the Odebrecht Organization’s
equity and investments in new
infrastructure businesses.
Odebrecht admInIstradOra
e cOrretOra de segurOs
OdePreV Odebrecht
PreVIdêncIa
A captive brokerage that stewards
the Organization’s assets by identifying,
mitigating and managing risks.
A private pension fund for Odebrecht
Organization Members.
5
RR2011_ENG_0720.indd 5
02/08/11 16:16
Sustainability
For the Odebrecht Organization, sustainability is a
multidimensional issue that covers and consolidates various
aspects, including economic, social, environmental, cultural
and political dimensions.
Sustainability has been an integral part of our teams’ practices
since the Odebrecht Organization’s inception in 1944. Its founder,
Norberto Odebrecht, began writing and systemizing the principles,
concepts and criteria of the Odebrecht Entrepreneurial Technology
(TEO) for the first time in the book Points of Reference, published in
1970. The subject was firmly established as a principle of TEO in
Survival, Growth and Perpetuity in 1981.
Today, based on the Organization’s Sustainability Policy, our teams
seek to hone their expertise and business practices and make
them ever more complete, thereby contributing to the sustainable
development of the countries and regions in which they are active.
6
RR2011_ENG_0720.indd 6
02/08/11 16:16
The five dimensions of
Sustainability at Odebrecht
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7
RR2011_ENG_0720.indd 7
02/08/11 16:16
Financial Indicators
Fitch classified Construtora Norberto Odebrecht as Investment Grade (in 2009,
Moody’s gave it the same rating). In March 2011, Braskem received that rating from
Standard & Poor’s and Moody’s
gross revenue 2006-2010 (in millions)
2006
2007
2008
2009
2010
gross revenue (BRL)
24,031
31,380
40,954
42,3541
53,860
gross revenue (USD)
11,278
17,716
17,524
24,325
32,325
Year
¹ The figures for 2010 and 2009 (resubmitted) are in accordance with the provisions of the Accounting
Pronouncements Committee (CPC).
brl millions
usd millions
6.224
2.787
75.053
9.007
6.545
3.735
1.673
45.044
5.405
3.928
brl millions
usd millions
Sales Revenue
53,860
32,325
(+) Other Revenue, Net
(-) Payment of Third Parties (Inputs and Services Purchased)
87
2,961
-72
-41,318
52
1,777
-43
-24,798
(=) gross Value added
15,519
9,314
(-) Depreciation and Amortization
-2,338
3,253
16,435
-1,403
1,953
9,864
5,457
3,332
4,859
2,787
16,435
3,275
2,000
2,916
1,673
9,864
EBITDA
Net Profit
Total Assets
Odebrecht S.A. Shareholder’s Equity
Odebrecht S.A. Shareholder’s Equity (not including minority shareholders)
value added statement
revenue
(+) Revenue from Construction of Own Assets
(-) Allowance for Loan Losses
(+) Value Added Transferred
(=) Value added for distribution
Compensation for Work (Members)
Governments (Taxes)
Lenders (Interest on Loans)
Return on Equity (Shareholders)
Value added distributed
8
RR2011_ENG_0720.indd 8
02/08/11 16:16
composition of gross revenue (in millions)
Per business
odebrecht s.a. & other
BRL 448 > USD 269
odebrecht transport
BRL 472 > USD 283
odebrecht
participações e investimentos
BRL 1,330 > USD 798
engineering & construction*
BRL 16,663 > USD 10,001
odebrecht óleo e gás
BRL 156 > USD 94
braskem
BRL 31,547 > USD 18,933
odebrecht realizações imobiliárias
BRL 1,414 > USD 849
foz do brasil
BRL 915 > USD 549
eth
BRL 915 > USD 549
Per geographic area
north america, asia/middle
east and europe
BRL 5,792 > USD 3,476
africa
BRL 1,926 > USD 1,156
brazil
BRL 35,233 > USD 21,146
south & central america
and caribbean
BRL 10,909 > USD 6,547
total assets (in millions / at 31.12.2010)
other
BRL 10,980 > USD 6.590
odebrecht óleo e gás
BRL 5,272 > USD 3,164
engineering & construction*
BRL 16,581 > USD 9,951
eth
BRL 7,743 > USD 4,647
braskem
BRL 34,477 > USD 20,692
* Odebrecht Energia, Odebrecht Engenharia Industrial, Odebrecht Infraestrutura, Odebrecht América Latina e Angola, Odebrecht Venezuela and Odebrecht International.
9
RR2011_ENG_0720.indd 9
02/08/11 16:16
People
members
number Of members Per cOmPanY
2008
82,159
Odebrecht Energia
2009
87,662
2008
5,442
2008
2,032
2010
118,817
2009
7,473
2009
1,822
2010
10,323
2010
1,600
Odebrecht Óleo e Gás
thIrd PartIes
(Subcontractors and outsourced service providers)
Odebrecht Engenharia Industrial
Odebrecht Realizações Imobiliárias
2008
31,652
2008
2,520
2008
2,143
2009
37,294
2009
8,465
2009
2,613
2010
61,577
2010
17,804
2010
4,958
Odebrecht Infraestrutura
Interns
Foz do Brasil
2008
567
2008
12,456
2008
992
2009
698
2009
11,677
2009
1,166
2010
512
2010
22,401
2010
1,746
YOung Partners
Odebrecht América Latina e Angola
ETH Bioenergia
2008
371
2008
37,456
2008
4,315
2009
531
2009
30,029
2009
6,656
2010
953
2010
27,467
2010
11,400
Odebrecht Venezuela
5,229
2008
4,802
2009
7,250
2009
4,572
2010
6.213
2010
6,750
Odebrecht International
10
RR2011_ENG_0720.indd 10
Braskem
2008
Odebrecht S.A. and other*
2008
3,721
2008
1,051
2009
4,907
2009
1,032
1,
2010
6,962
2010
1,193
1,
* Odebrecht Administradora e Corretora de Seguros, Odebrecht Participações e Investimentos, Odebrecht Foundation,
Odeprev and Engineering & Construction Support Teams.
02/08/11 16:16
Oscar Benito, Juan Zheng,
Umut Artuk and Joni Caldwell,
Odebrecht International
Members in the USA
Odebrecht members Per natIOnalItY
Americans
609
Angolans
11,465
989
Argentines
number Of members Per cOuntrY/regIOn
692
Liberians
978
Libyans
asia/middle east
4,330
74
Mexicans
Bolivians
45
Mozambicans
2,146
Brazilians
78,569
Palestineans
10
33
Chileans
507
Colombians
Cubans
10
2,586
Dominicans
132
Egyptians
645
Ecuadorians
17
Ethiopians
60
Filipinos
Indians
27
Jordanians
Koreans
35
Pakistanis
Panamanians
2.510
Paraguayans
20
Peruvians
7,833
Portuguese
261
Thais
24
Vietnamese
Other*
other latin
american countries
22,436
brazil
76,540
africa
14,535
311
78
Venezuelans
22
members Per age grOuP
6.415
756
111
46 – 60
13.5%
*Germans, Australians, Austrians, Barbadians, Britons, Canadians,
Cape Verdeans, Chinese, Croats, Dutch, French, Guineans, Haitians,
Hondurans, Iranians, Iraqis, Italians, Jamaicans, Kenyans, Lebanese,
Mauritanians, Moroccans, Nepalese, Nicaraguans, Puerto Ricans,
Salvadorans, Santomeans, Sierra Leoneans, Singaporeans, Sinhalese,
South Africans, Spaniards, Swazis, Ukrainians, Uruguayans and
Zimbabweans.
RR2011_ENG_0720.indd 11
over 60
1.3%
25 and under
22.6%
36 – 45
29.2%
,
europe
306
757
Tunisians
Turks
usa
670
26 – 35
33.4%
11
02/08/11 16:16
2010 Highlights
England
Portugal
EUA
Cuba
Mexico
Libya
Dominican
Republic
Djibuti
Venezuela
Panama
Liberia
Colombia
Peru
Angola
Mozambique
ODEBRECHT ENERGIA
ODEBRECHT ENGENHARIA INDUSTRIAL
ODEBRECHT INFRAESTRUTURA
ODEBRECHT AMéRICA LATINA E ANGOLA
ODEBRECHT VENEZUELA
ODEBRECHT INTERNATIONAL
ODEBRECHT ÓLEO E GáS
ODEBRECHT REALIZAçõES IMOBILIáRIAS
Argentina
Exports
engIneerIng & cOnstructIOn*
Foreign revenue generated for Brazil: USD 743.4 million
Work opportunities created in Brazil: 148,682
Brazilian companies that supply goods and services
for Odebrecht projects in other countries: 1,957
bra
T
p
FOZ DO BRASIL
ETH
BRASKEM
BRASKEM EXPORTS
eth
Ins
Ethanol: USD 13.1 million
Cane sugar: USD 40.0 million
U
U
ETH EXPORTS
* Odebrecht Energia, Odebrecht Engenharia Industrial, Odebrecht Infraestrutura,
Odebrecht América Latina e Angola, Odebrecht Venezuela and Odebrecht International.
RR2011_ENG_0720.indd 12
02/08/11 16:16
South Korea
braskem
Thermoplastic resins and basic
petrochemicals: USD 4.2 billion
Insurance & Bonds
USD 72.9 billion in Insurance
USD 7.7 billion in Bonds
RR2011_ENG_0720.indd 13
Odebrecht Energia
Delivered several projects in Brazil ahead of schedule and began
operations in Peru.
Odebrecht Engenharia Industrial
Completed four major projects, including Brazil’s first Green Ethylene
Plant, and continued working on 19 others in Brazil, Argentina,
Mexico and Venezuela.
Odebrecht Infraestrutura
The company joined in the effort to overcome several infrastructure
bottlenecks in Brazil to drive economic growth and meet the needs of
the FIFA World Cup (2014) and the Rio Olympics (2016).
Odebrecht América Latina e Angola
Completed 17 projects and carried on with 53 more in the countries
where it is active.
Odebrecht Venezuela
Continued working on the expansion of the subway and cable-car
system in Caracas and nine more projects in that country.
Odebrecht International
Marked 20 years of operations in the United States, began projects
in Guinea-Conakry and continued working on projects in Portugal.
Odebrecht Óleo e Gás – OOG
The booming oil & gas sector in Brazil and worldwide opened up fresh
opportunities for OOG.
Odebrecht Realizações Imobiliárias – OR
Developed projects in São Paulo, Brasilia, Bahia and Pernambuco and
delivered residential units for the Federal Government’s “My House,
My Life” low-income housing program.
Foz do Brasil
The number of people Foz do Brasil serves increased from 3 million
to 4.5 million.
ETH Bioenergia
The merger with Brenco made ETH the leading company in ethanol
and biomass energy production.
Braskem
Increased its industrial units to 31. They produced 6.5 million
tons of thermoplastic resins and 6.4 million tons of basic
petrochemicals. Opened its first plant producing ethylene derived
from sugarcane ethanol.
Odebrecht Participações e Investimentos
Developed solutions to build stadiums in Brazil and invested in
projects in Peru and Colombia.
02/08/11 16:16
People
Education through work
highlight awards
Odebrecht Organization companies grow and develop
to the same extent as the people who comprise them.
Entries submitted – 415 (from 13 countries)
knowledge communities
People development programs
31,564 Members participated in the main technical
and operational programs.
92,000 Brazilian workers are enrolled in the Acreditar
(Believe) Program, which offers the professional skills
required to work in civil construction
2,260 Members took part in the main strategic
programs.
Partnerships with universities and research and training
centers
The Organization maintains partnerships with 32
institutions in Brazil and 58 in other countries.
Eight community meetings involving a total of
600 participants, representing all the countries
where the Organization is active.
Preparing for Post-career life
Odeprev Odebrecht Previdência manages the Odeprev
Monthly Income Plan, created in 1995 to supplement
basic Social Security benefits.
Odeprev’s main indicators for 2010
Participants’ contributions: BRL 87.988.821,06
Subsidiaries’ contributions: BRL 36.300.021,38
Number of participants: 11.377
Number of pensioners: 83
Total assets managed: BRL 818.911.866,16
Genicleide dos Santos, a truck driver
on Transnordestina Railway Project, PE:
she received the Acreditar Program’s
1,000th diploma. Opposite, cleaning
a tank at a Braskem unit, RS
RR2011_ENG_0720.indd 14
02/08/11 16:16
Health and Workplace Safety
health and wOrkPlace safetY IndIcatOrs
tft (total frequency rate)* at the Organization’s
engineering & construction service companies**
2007
19.59
2008
17.45
2009
15.86
2010
13.75
* The TFR is the total frequency rate of accidents with and without lost time and
requiring outpatient care per 1 million man-hours worked.
** Odebrecht Energia, Odebrecht Engenharia Industrial, Odebrecht Infraestrutura, Odebrecht América Latina e Angola, Odebrecht Venezuela, Odebrecht
International, Odebrecht Óleo e Gás, Odebrecht Realizações Imobiliárias and
Foz do Brasil.
lnafr (lost-time and non-lost-time accident frequency
rate) at braskem*
2007
4.9
2008
6.1
2009
4.6
2010
2.02
* The restated figures for 2007, 2008 and 2009 include rates for Quattor and
Braskem America.
lnafr (lost-time and non-lost-time accident frequency
rate) at eth*
2007
40
2008
30
2009
11.6
2010
4.7
* Calculation period corresponding to the crop year (April to March of the
following year). In this case, it corresponds to April 2010-March 2011.
lIfe and health
Odebrecht Administradora e Corretora de Seguros Ltda.
manages all of Odebrecht’s life and health insurance
policies and offers programs focused on improving
people’s quality of life.
members serviced by life and health Programs*
Medical/Hospital: 67,606
Dental: 21,844
Life Insurance: 116,883
Travel Insurance: 2,654
* Policies in effect at December 2010.
15
RR2011_ENG_0720.indd 15
02/08/11 16:16
Environmental Indicators
Engineering & Construction
Companies
The Engineering & Construction companies
carried out their first greenhouse gas (GHG)
emissions inventory.
maIn numbers fOr the ghg
emIssIOns InVentOrY
maIn enVIrOnmental mOnItOrIng fIgures
192,625 tons of the 691,490 tons of solid waste
produced were recycled (28% of the total)
80% of projects used selective solid waste collection
77% projects implemented programs to streamline
water and energy use
451 Odebrecht people were directly involved
in the inventory
USD 1,5 million invested
The program involved 53 construction projects and
11 offices in Brazil and 64 projects and 10 offices
in 13 other countries
Environmental monitoring is carried out on all
projects with detailed procedures and processes and
measured regularly through a system of indicators
RR2011_ENG_0720.indd 16
02/08/11 16:17
Students visiting ETH’s facilities:
the company’s environmental
education program
Braskem
Braskem in 2010 achieved the best environmental
performance in the company’s history. The highlights
were the following reductions, compared with 2009:
wastewater generation down by 11,8%
solid waste generation reduced by 7,7%
5,5% less energy consumption
11% reduction in the intensity of greenhouse
gas emissions
Keila Santos coordinated the Greenhouse
Gas Emissions Inventory for Vale’s Pier
IV Project in Maranhão, Brazil
RR2011_ENG_0720.indd 17
ETH
enVIrOnmental hIghlIghts fOr 2010
Land Vegetation Management and Monitoring
Program at the Araguaia Hub in Goiás declared
a benchmark for biodiversity preservation in Brazil.
Three ETH units began delivering biomass electricity
generated from sugarcane bagasse.
Energy sales prevented over 62,000 tons of CO2 from
being released into the atmosphere.
The company’s planting and harvesting operations
were fully mechanized.
17
02/08/11 16:17
Social Programs, Cultural Programs
and Political Participation
sOcIal, enVIrOnmental and cultural PrOgrams In 2010*
Number of Programs
Number of Beneficiaries
Comunities Involved
Partner Organizations
Investments (USD)**
Brazil
Other countries
Total
254
470,000
220
261
36.8 million***
126
291,000
284
211
7.0 million
380
761,000
504
472
43.8 million
* Carried out by subsidiaries and the Odebrecht Foundation.
** Investments in Brazil were converted into USD at the rate of 1 USD = 1.666 BRL (Dec 2010).
*** Odebrecht Foundation partners invested an additional USD 9.9 million.
Farmer Francisco Bonfim dos Santos,
a member of Coopalm, the Cooperative
of Southern Lowlands Hearts-of-Palm
Producers, with his family, outside the
house he built after joining
RR2011_ENG_0720.indd 18
02/08/11 16:17
Social Programs
Odebrecht helps generate productive initiatives that
create work and income opportunities in all the regions
where it is active. These initiatives are implemented by the
Organization’s subsidiaries and the Odebrecht Foundation.
Odebrecht fOundatIOn
In the Southern Bahia Lowlands, a region in the Brazilian
Northeast that encompasses 11 counties with a total
population of 270,000, the Odebrecht Foundation is carrying
out a program to keep youth in the countryside by developing
projects that result in dignified employment and fair wages.
The Odebrecht Foundation invested BRL 26.1 million
in its social programs in 2010.
The cooperatives the Odebrecht Foundation sponsors
reached the milestone of 1,000 members, including
producers of hearts-of-palm, cassava, piassava fiber
and fish.
Political Participation
Odebrecht Organization companies participate in
initiatives of public interest focused on developing
projects that help improve the public’s standard of living
In 2010, Odebrecht Members helped draft the Open
Letter to Brazil on Climate Change and joined the
Brazilian delegation at the United Nations Climate
Change Conference – COP 16, in Mexico.
The highlights included participation in institutions
focused on bolstering corporate social responsibility,
such as the Brazilian Committee for the UN Global
Pact, and dozens of partnerships, including:
• with the Brazilian Navy, to scout for and train
promising young athletes for the Rio Olympics
in 2016;
• with the Brazilian Ministry of Social Development,
SESI and SENAI to develop the Acreditar Program;
• with the Government of Angola and UNICEF
to carry out polio vaccination campaigns
in that country.
Cultural Programs
Since 1959, Odebrecht has sponsored initiatives that
retrieve historic values and encourage the preservation
of historic heritage.
hIghlIghts fOr 2010
Clarival do Prado Valladares Prize
The Church and Convent of São Francisco in Bahia
won the Jabuti Award in the Graphic Design category.
The Jabuti is the most prestigious book prize in Brazil.
Theodoro Sampaio – In the Backlands and Cities
was launched
Braskem Frontiers of Thinking
Peruvian author Mário Vargas Llosa, that year’s winner of
the Nobel Prize for Literature, took part in the program.
Dozens of other cultural initiatives sponsored in Angola,
Brazil, Peru and Portugal.
19
RR2011_ENG_0720.indd 19
02/08/11 16:17
Awards and Recognition
Odebrecht s.a.
The Family Business Award, from the International
Institute for Management Development (IMD)
of Switzerland.
The International Academy for Quality (IAQ) awarded
the Marcos E. J. Bertin medal for Quality in Corporate
Governance to Emílio Odebrecht, Chairman of the
Board of Odebrecht S.A., for his contributions to the
principles and practices of high-quality governance.
Odebrecht energIa
Public Opinion Award – Public Relations and
Community: Environmental and Social Responsibility
category, from the São Paulo Regional Public Relations
Council (Conrerp) for its Communications Program
with Riverside Communities during construction of
the Santo Antônio hydroelectric plant in Roraima, Brazil.
Odebrecht engenharIa IndustrIal
Bahia Quality Management Prize Gold Trophy.
Argentina
Recognized by Great Place to Work as one of the
10 Best Companies to Work For in Argentina.
Odebrecht Infraestrutura
Hailed as the most admired Engineering
& Construction company in Brazil by Carta Capital
magazine and the newspaper DCI.
“Best in the Light Rail Sector” Award in the Contractors
category from Revista Ferroviária.
Habitat Brazilian Quality and Productivity Program
Award in the Sanitation category for the Clean Water
Project (Vitória, ES), from the Ministry of Cities.
Project of the Year award for the Complexo do Alemão
Urban Development Project from the Getulio Vargas
Foundation and Revista Mundo PM.
Top Contractor in Espírito Santo Award from the
Federation of Industries (FINDES-IEL System).
Odebrecht amérIca latIna e angOla
Angola
Recognition from USAID for a “robust and
comprehensive” Program to Combat HIV/AIDS
in its Regional Assessment on HIV report.
Recognition of Odebrecht as a partner in the
consolidation of the Pastoral’s activities in Angola,
from the Pastoral of the Child.
Recognition of the Safe Blood Program by the National
Blood Center / Ministry of Health (MINSA).
Argentina
Recognition by the City of Tigre for the “Rational Water
Use” campaign to raise environmental awareness
and commitment.
Mexico and Panama
Recognition as one of the best companies to work for,
according to the Great Place to Work Institute.
Peru
The client (Vale) recognized the company for
3.5 million MHW (man-hours worked) with zero
lost-time accidents on the Puerto Bayovar project.
Recognition from the client (DP World) for 4 million MHW
with zero lost-time accidents on the Puerto Callao project.
Recognition of the Northern Interoceanic Highway
as the Best Management Project in the World by the
International Road Federation (IRF).
20
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The President and CEO of Odebrecht S.A.,
Marcelo Bahia Odebrecht (third from right),
with Odebrecht Organization Shareholders
and Members, and the organizers of the
Family Business of the Year Award, at the
awards ceremony in the US city of Chicago
Q’ente Award for Contributions to Tourism
Development in the Department of Cusco, from the
Regional Tourism Department (Dircetur) for the
Southern Interoceanic Highway.
Recognition from the Peruvian Environmental
Ministry for the first four Madre de Dios Private
Conservation Areas through the Tambopata Project,
developed by the Odebrecht Peru Association in
alliance with Conservation International and the
Pronaturaleza Foundation.
Dominican Republic
Recommendation for approval of the Palomino
hydroelectric plant as a CDM (Clean Development
Mechanism) Project in compliance with the Kyoto
Protocol and the UN Convention.
Odebrecht Venezuela
Recognition of the San Agostín del Sur Metrocable
cable car project by the KPMG Infraestructure Journal
as one of the 100 most interesting projects in the world.
Odebrecht InternatIOnal
United States
Best Companies to Work for in Florida award from
Florida Trend magazine.
Craftsmanship Award from the Construction
Association of South Florida.
Best Project award for Miami Airport’s North Terminal
from Southeast Construction magazine.
Odebrecht ÓleO e gás
Deal of the Year award in the Emerging Markets Latin
America Bonds category from International Finance Review,
for the bond deal for the Norbe VIII and Norbe IX drillships.
Latin America Bond Deal of the Year award from
Project Finance Magazine, for the bonds negotiated
for the Norbe VIII and Norbe IX drill rigs.
Deal of the Year award from Marine Money, for
financing obtained for Norbe VIII and Norbe IX.
Odebrecht realIzações ImObIlIárIas
Award from época Negócios magazine – 1st place in the
Construction, Development and Rental category.
Award from Carta Capital magazine – “Most Admired
Companies in Brazil”– one of the top five in the
Construction category.
Ademi Award for the following projects: Morada da
Península (Reserva do Paiva, PE – 1st place in the Best
Gated Community category); Murano (Niterói, RJ – Top
Real Estate Prize – 1st place in the Special Major Luxury
Residential Development category); and Dimension
(Rio de Janeiro, RJ – 1st place in the Major Commercial
Building Project category).
fOz dO brasIl
National Quality in Sanitation Award for the
Cachoeiro de Itapemirim, ES, concession from
the Brazilian Association of Sanitary and
Environmental Engineering.
21
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Students from Youth House State High
School, BA, the winner of the National
Benchmark in School Management Award,
selected from among 2,375 public schools
in Brazil. Opposite page, Denise Brito and
Messalina Tínel at the Itaguaí Shipyard
and Naval Base jobsite, RJ; Fadlo Haddad,
Guilherme Paschoal and Emyr Costa
Junior, at the Aquapolo Project works,
SP; and Braskem Members at the Green
Ethylene Unit, RS
eth bIOenergIa
Euromoney and Ernst & Young Renewable Energy
award in the Business of the Year category, for the
merger of ETH and Brenco.
braskem
Transparency Trophy for financial statements,
bestowed by the National Association of Finance,
Administration and Accounting Executives.
14th National Quality of Life Award, from the Brazilian
Quality of Life Association, for the Sempre Saúde
(Health Always) Program.
DCI Award – Most Admired Companies in the
Chemicals & Petrochemicals Sector in 2010, from
the newspaper Diário do Comércio e Indústria.
Recognition by Latin Finance magazine of the purchase
of Quattor as the best acquisition of the year.
Outstanding company for value creation in Oil & Gas,
Chemicals & Petrochemicals in the 2007-2009
triennium, from the Brazilian Association of
Listed Companies.
Recognition as a Model Company by the Exame
Sustainability Guide 2010.
Environmental Distinction Award, awarded by
entities representing the chemical industry
of Rio Grande do Sul.
Odebrecht fOundatIOn
Public Service Award (1st place in Latin America and
the Caribbean), granted by the United Nations for the
Program for the Integrated and Sustainable
Development of the Mosaic of Environmental
Protection Areas in the Southern Bahia Lowlands
(PDIS) in the “Improving civic participation in
public decision-making processes through innovative
mechanisms” category.
National Benchmark in School Management Award,
received by Youth House State High School
(elementary 2, secondary and technical - farming/
ecology), sponsored by the Odebrecht Foundation,
selected from among 2,375 Brazilian public schools.
22
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ODebrechTS.A.
Av. Luis Viana, 2841
Edifício Odebrecht
Paralela – Salvador
BA – Brazil
41730 900
Av. das Nações Unidas, 8501 – 32o andar
Edifício Eldorado Business Tower
Pinheiros – São Paulo – SP – Brazil
05425 070
www.odebrecht.com
Read the full version of Odebrecht S.A.’s 2010 Annual Report:
• on the internet, at www.odebrechtonline.com.br/relatorioanual/2011
• on your smartphone at www.odebrecht.com/ra2010/mobile
• on your iPad, by downloading the odebrecht 2011 app from the App Store
For more information, write to [email protected]
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