Our ambition is to be a market leader for our contribution to sustainable development. We understand that effective contribution requires concrete actions, based on best practices in environmental, social, and corporate governance. This ensures the generation of shareholder value and advances the interests of our other stakeholders. We seek economic and financial results based on a solid sustainable development strategy, with the constant strengthening of ESG (Environmental, Social, and Governance) practices and through long-lasting relationships with our clients.
We understand that effective contribution to sustainable development requires concrete actions, based on best practices in environmental, social, and corporate governance. This always ensures the generation of shareholder value in the interest of stakeholders. Thus, we seek economic and financial results based on a solid sustainable development strategy, with constant strengthening of ESG practices and through long-lasting relationships with our clients.
|ISS ESG||C||July 2020|
|Vigeo Eiris||51/100||February 2020|
|CDP||A - (Climate) ; A (Water)||December 2020|
|Table of Contents||Portfolio||Term of Duration|
|Gender Equality Index||2021||Jan-Dec 2021|
|CDP Brazil||2020||Apr 2020 – Mar 2021|
|S&P/B3 Brazil ESG||2020||Apr/2022|
One of the pillars of our business strategy is financial health and discipline in capital allocation, seeking to maintain a strong level of liquidity and positive cash generation, even in petrochemical industry downturns. From there, we continually seek to deliver value to our shareholders.
Corporate Leverage: To reinforce our commitment to our financial position and cost discipline, we have implemented several measures to reduce our corporate leverage, with the objective of returning to the level of investment-grade risk. Since the second quarter of 2020, we have been able to significantly reduce our leverage, with the ratio improving from 7.1x to 2.9x by the end of 2020.
We believe that governance and compliance go beyond complying with regulatory rules - it is a way of maintaining our business environment that is more transparent, safe and predictable, with the purpose of ensuring value generation today and in the future. All the while, we safeguard the rights of all our shareholders and are able to satisfy the interests of all other stakeholders.
In 2020, Braskem, as a member of the CFOs Task Force, an initiative promoted by the UN Global Pact, committed to implementing the CFOs Principles for the integration of sustainable development goals (“SDG”) in the financial and investment management of the Company. This initiative involves defining goals related to Braskem’s commitments to the SDG and is aligned with the Company’s global strategy and the objective of contributing to the improvement of people’s lives through sustainable development.
We obtained the certificate of completion of the independent monitoring issued by the MPF, DOJ and SEC attesting that the Company complied with all its obligations of the leniency agreement and implemented an effective and robust Compliance Program.
We signed the commitment of the private sector for the integrity of the production chain, announced through the International Chamber of Commerce, ICC Brasil, highlighting the importance of scaling good Compliance practices also for production chains.
Braskem Idesa was recognized by Amitai and Fortune magazine in the “Most Ethical Companies 2020” category in Mexico. We also had the recognition of two compliance professionals (CCO and Compliance Leader for South America) with the “Compliance on Top” award, given to the executives most admired by the sector in Brazil.