Integrated Report 2020
Braskem
INTEGRATED
REPORT 2020
CAPITAL PERFORMANCE
A MESSAGE FROM THE BUSINESS LEADER
BRASKEM
STRATEGIC PLANNING
ABOUT THE REPORT
CREDITS
ŵ (57)
CARBON CAPTURE SASB RT-CH-110a.2
Based on our commitment to sustainable innovation,
we entered a partnership with the University of Illinois,
USA, to research alternatives for the development of
ethylene from the capture and use of carbon dioxide
(CO2) emitted in industrial processes, especially from
the burning of fuels.
The project is still in the early phase of development,
and we will contribute with our know-how in the
commercialization of raw materials and production of
polymers. The final objective is to evaluate the possi-
bility of capturing CO2 emitted in our operation and
converting it into a raw material for the production of
polymers.
CARBON PRICING GRI 305-8
Since 2016, our Internal Carbon Pricing methodol-
ogy "Shadow Price" supports our investment de-
cision-making with a targeted approach to risk
management that enables us to leverage attractive
opportunities. In 2020, based on what we learned from
this methodology in Brazil, a marginal abatement cost
curve (MACC) was built with all potential mitigation
initiatives or under implementation. The analysis led to
an update of the carbon price and to the definition of
a global pricing strategy based on "Implied Price" for
100% Braskem operations worldwide. The implemen-
tation plan for this strategy includes assessing the ad-
equacy of the existing tools, updating the documents
guiding the process, training all members involved in
the effort and defining KPIs for monitoring.
10 YEARS OF
I'm
green
GRI 305
TM
In 2020, we celebrated a decade since operations
started in our green ethylene plant, which uses sug-
arcane ethanol as a raw material to produce poly-
ethylene. Under the I'm green ™ brand, this resin was
recognized in 2020 by ECLAC as one of the most
transformative initiatives in sustainable development
in Latin America.
Over its 10 years of existence, I'm green TM has avoid-
ed the emission of at least 5.54 million tons of CO2,
which is equivalent to more than a year of automotive
emissions in the city of São Paulo. In addition, this resin
captures up to 3.09 tons of carbon dioxide for each ton
produced, contributing twice to reducing greenhouse
gas emissions while maintaining the same quality per-
formance as conventional resins.
We have invested US$ 61 million in expanding biopoly-
mer production to meet the fast-growing demand
from society and our partners for sustainable prod-
ucts in recent years. We will expand our production
capacity for green ethylene in the Triunfo industrial
unit in Rio Grande do Sul from 200,000 to 260,000
tons per year. The project aiming to keep Braskem at
the forefront of the biopolymers market will start in
2021, with completion planned for the fourth quarter
of 2022.
Climate CHANGE
adaptation plan
In 2014, we developed a study to identify opportunities and climate
risks in 100% of our operations. Based on that study, we created
an adaptation plan with actions to mitigate or reduce all the most
significant potential climate risks. Our goal is for all actions to be
implemented by 2023.
In 2020, we achieved 72% compliance with our Adaptation Plan,
with emphasis on the completion of actions related to the threat
of severe storms/electrical discharges in all units, which was the
greatest potential impact mapped (in terms of the number of
operations impacted).
The next steps are to reassess the residual risk of all potential
threats for which 100% of the actions were completed,
strengthening the company's resilience in the face of potential
extreme events.View entire presentation