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Our ambition

To be recognized as a market-leading company for contributing towards sustainable development.

Our goal

Maintain financial health and discipline in capital allocation, focusing on ESG value creation.

Our performance

Economic and Financial results

We understand that the effective contribution to sustainable development requires concrete actions, based on best practices of environmental,

social and corporate governance management, which ensure the generation of value to shareholders at all times in the interest of all our stakeholders..

Thus, we strive for economic and financial results based on a solid sustainable development strategy, on the constant strengthening of ESG practices and on long-lasting relationships with our clients.

ESG Value

Agency Rating / Score Last Updated Table of contents Portfolio Term of Duration
Agency: MSCI Rating / Score: B Last Updated: February, 2021 Table of contents: GENDER EQUALITY INDEX Portfolio: 2021 Term of Duration: Jan - Dez 2021
Agency: DJSI Rating / Score: 70 / 100 Last Updated: NOVEMBRO, 2021 Table of contents: ICO2 Portfolio: 2021 Term of Duration: Jan - Apr 2021
Agency: ISS ESG Rating / Score: C Last Updated: July, 2020 Table of contents: IGCT Portfolio: 2021 Term of Duration: Jan - Apr 2021
Agency: VIGEO EIRIS Rating / Score: 51 / 100 Last Updated: February, 2020 Table of contents: CDP BRAZIL Portfolio: 2020 Term of Duration: Apr 2020 - Mar 2021
Agency: CDP Rating / Score: A- (Climate), A (Water) Last Updated: December, 2020 Table of contents: S&P/B3 BRASIL ESG Portfolio: 2020 Term of Duration: Apr 2022

One of the pillars of our business strategy is financial health and discipline in capital allocation, striving to maintain a strong level of liquidity and positive cash generation, even during downturn periods of the petrochemical industry. From there, we continually strive to deliver value to our shareholders.

In 2020, we obtained adjusted operating earnings of USD 2,082 million, 38% higher than in 2019.

In Brazilian reals, Adjusted Operating Earnings were BRL 10,975 million, 85% higher than in 2019, given the depreciation of the Brazilian real against the dollar.

Corporate Leverage: To reinforce our commitment to our financial position and cost discipline, we have implemented a number of measures to reduce our corporate leverage, for the purpose of returning to the level of investment-grade risk. Since the second quarter of 2020, we have been able to significantly reduce this, going from a ratio of 7.1x to 2.9x by the end of 2020.

Check our full quarterly and annual results here

Discover our projects

Compliance System

We receive the certificate of completion of independent monitoring issued by the Federal Public Ministry (MPF), the US Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) certifying that Braskem complies with all its obligations under the leniency agreement and implemented an effective and robust Compliance Program.

Conformity in the Productive Chain

We assign the commitment of the private sector to the integrity of the production chain, announced by the International Chamber of Commerce, to ICC Brazil, evidencing the importance of scaling the good practices of Compliance also for the production chains.

Dividend Distribution

Braskem paid non-total dividends of R$ 7.35 billion, based on the results of the 2021 fiscal year, representing 77.5% of adjusted net profit for the year. In December 2021, the Company's Board of Directors approved the distribution of early dividends, based on the results of the 2021 fiscal year, for a total amount of R$ 6.0 billion. Already in May 2022, the additional payment was made in the amount of R$ 1.35 billion, still based on the result of the fiscal year of 2021.

Efficient Carbon Index (ICO2)

We have been part of the B3 Carbon Efficient Index portfolio since 2011, which demonstrates the commitment of companies with the transparency of their emissions.

External acknowledgments

Braskem Idesa was recognized by Amitai and Fortune's Magazine in the Most Ethical Companies 2020 category, in Mexico. We also have the recognition of two Compliance professionals (CCO and Compliance Leader for South America) with the Compliance on Top award, given to the most admired executives in Brazil.

Index of actions with Corporate Governance Trade

We integrate the IGCT portfolio, which recognizes issuing companies with differentiated corporate governance practices, with additional criteria to the IGC (Differentiated Corporate Governance Ações Index).

Recovery of investment grade

In 2021, the risk rating agencies S&P Global Ratings and Fitch Ratings will raise Braskem's rating on a global scale for BBB-, with a stable perspective, or that it becomes a major investment company. The increase better reflects two indicators of profitability and cash flow, the commitment to the growth and the expectation that the company will continue to benefit from two better petrochemical spreads in the short term.

S&P/B3 ESG Index

We have been part of the B3 Carbon Efficient Index portfolio since 2011, which demonstrates the commitment of companies with the transparency of their emissions.