Since 2016, we have been using an internal carbon pricing process that has been incorporated into our investment-decision flow. The practice is the result of a commitment proposed by the World Bank and undertaken by Braskem during the United Nations Climate Summit in 2014.
The goal is to encourage new projects with positive impacts, i.e., projects that support emission reductions. The tool, which currently is being used in Brazil, is ready to support all Braskem units around the world.
In keeping with its commitments, Braskem launched the process to incorporate internal carbon pricing into the criteria adopted in its investment decisions, which is currently in the monitoring phase.
1 The Climate Summit is part of a round of meetings organized by the United Nations for leaders of governments, the private sector and civil society.
The process has been used in 100% of operations in Brazil. Between 2016 and 2018, several projects benefited from the internal pricing process, which has a direct impact on reducing GHG emissions.
Braskem also participates actively in the Emissions Trading Simulation (SCE) and the Empresas pelo Clima Platform, which are constructive initiatives in the carbon market for promoting debate and generating knowledge, while increasing companies' contribution to proposals submitted to the Brazilian government.