Integrated Report 2022
Access here Braskem’s advances in relation to its strategy for sustainable development in 2021, in accordance with the frameworks of the Global Reporting Initiative (GRI), Sustainability Accounting Board Standards (SASB) and the International Integrated Report Council (IIRC)
Braskem has been committed to contribute to sustainable development since its creation in 2002, seeking to meet the challenges inherent to the petrochemical industry. Based on this commitment, the Company’s objective is to improve people’s lives, creating sustainable solutions through chemical and plastic products, and seeking to capture business opportunities and mitigate risks related to its operation and value chain. Through this pursuit, it aims to continue delivering value to society through its product portfolio and meeting global social and environmental concerns, while generating long-term sustainable value for its shareholders.
Braskem Creation: public commitment to the sustainable development
Greenhouse Gases Emission Inventory: first year of external verfication of the greenhouse emissions inventory
Macro-Objectives: first cycle of long-term goals to contribute to sustainable development
Climate Change Manifesto: in this manifesto, the Company placed itself as part of the solution on the agenda to combat climate change, based on the public commitment to the transition to a low-carbon economy
Green PE: start-up of the green ethylene plant, feedstock for the production of Green PE, which is made from sugarcane ethanol. For more information, access here.
Global Compact Lead: Braskem becomes one of the leading companies in the United Nations Global Compact, for its contribution to the Sustainable Development Goals.
Compliance System Certification: certification from the Federal Prosecutor’s Office, the US Department of Justice, and the US Securities Exchange Commission regarding the implementation of improvements in the compliance system, as recommended by the independent monitorship. For more information, access here.
Carbon Neutral Circular Economy: launch of commitments to the circular economy and carbon neutrality for 2030 and 2050. For more information, access here.
Commitments: launch of long term commitments for 2030, contemplating 7 dimensions with a relevant contribution to sustainable development. They are: Health and Safety, Economic and Financial Results, Eliminating Plastic Waste, Combating Climate Change, Operational Eco Efficiency, Social Responsibility and Human Rights and Sustainable Innovation.
Climate adaptation: review of company’s climate risks for 2030 and 2050, which analyzed its physical and transition risks and opportunities considering the different climate scenarios. The study included scenarios that limit the average temperature increase to 2 °C at the end of the century and meets the recommendations of the Task Force on Climate-related
Financial Disclosures (TCFD).
Wenew: launch of a new circularity ecosystem that encompasses circular products (resins and chemicals), environmental education and proper disposal initiatives, technologies and circular design. Wenew is an umbrella brand, which has a variation called Wemove, which embraces the pillars of education, technology and circular design.
MAC curve development: mapping of potential projects for achieving the emissions reduction commitments through the development of a MAC curve, which supported decisions on the roadmap of the Industrial Decarbonization Program.
Global Sustainable Development Policy
Aims to mitigate risks and capture long-term opportunities associated with its operations, through (i) the search and development of increasingly sustainable sources and operations; (ii) the development and delivery of an increasingly sustainable portfolio of Products and Services; (iii) offering, together with its customer chain, solutions for society to have an increasingly sustainable life.
Assessment of the materiality, that is, the relevance, of sustainability issues for Braskem’s business, on a periodic basis, to support its strategy for contributing to sustainable development. In 2013, this assessment was renewed based on a structured stakeholder consultation process.
Global Risk Management Policy
Establishes the Risk Management process, which covers the stages of establishing the context, identifying, evaluating, prioritizing, treating, communicating and monitoring the Risks of Braskem’s business activity, seeking to reduce the Company’s levels of exposure to losses.
Strategy, Communication and ESG Committee (CECESG)
Board of Directors (BoD) supportive Committee. Among its competencies, the CECESG accompanies the corporate policies in effect regarding disclosure of information, sustainable development and Health, Safety, Environment, Quality and Productivity, in addition to monitoring and evaluating Braskem’s initiatives regarding corporate sustainability and ESG standards.
Executive Global Sustainability Committee
Strategically monitors and directs commitments, with periodic reporting to the Board of Directors, directly or through (CECESG), on the advances in the Company’s strategy. For each dimension of the strategy, there is an executive responsible for quarterly monitoring of indicators.
2030 & 2050 Commitments
In 2020, Braskem long-term commitments were reassessed and renewed, considering the global challenges for 2030, in line with the 2030 Agenda and the Paris Agreement. Developing these new challenges was a broad and demanding process that took months. It involved 27 workshops and interviews with more than 500 leaders and members of the company. It also considered the analysis of corporate risks in relation to our business and value chain, mapped by the corporate risk management area.
The new Global Sustainable Development Strategy was approved by the Board of Directors and addresses seven relevant dimensions for the business in long-term commitments, connected to Braskem’s materiality matrix.