Integrated Report 2020
Braskem
INTEGRATED
REPORT 2020
BRASKEM
A MESSAGE FROM THE BUSINESS LEADER
STRATEGIC PLANNING
CAPITAL PERFORMANCE
ABOUT THE REPORT
CREDITS
12 )
Free competition
We have internal and regulatory policies
that address this topic, such as the Free
Competition Policy, the Policy on Relationship
with Trade Associations and Class Entities
and the Investment and Divestment Policy. In
2020, we conducted competitive training in
Brazil, Europe and the United States, including
sessions for the Board of Directors. We
also prepared the Competition Booklet for
Members of the Commercial Areas in Brazil,
describing how we monitor and assess unfair
competition.
2D
We have a sophisticated
Integrity Program that aims to
detect and address possible
deviations in conduct
CONCLUSION OF
independent monitorship GRI 205-1
In 2020, after a three-year independent monitorship
program, the Federal Public Prosecutor's Office (MPF),
the Department of Justice (DOJ) and capital market
regulatory agency SEC confirmed that our compliance
program fulfills all obligations defined in the agree-
ments with the corresponding authorities.
The authorities relied on the final report presented
by the independent monitors, which confirmed that
all recommendations related to the structure and
operation of the compliance program were effecti-
vely implemented and that the program fully meets
the standards established in the agreements. The
Prosecutor's Office (MPF) probed the program tho-
roughly and found that our compliance program was
efficient; it will in fact serve as a model for other
leniency agreements to be signed in the country. Ha-
ving proven our firm commitment to ethics we have
now successfully concluded the monitoring period
established in the agreements.
Over the course of the independent monitorship au-
dit, we have established even stricter anti-corruption
control policies, putting in place mechanisms to ensure
integrity and providing training on compliance issues.
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