Integrated Report 2020

Braskem INTEGRATED REPORT 2020 A MESSAGE FROM THE BUSINESS LEADER BRASKEM STRATEGIC PLANNING CAPITAL PERFORMANCE ABOUT THE REPORT CREDITS ŵ < 03 > A Message from the Business Leader GRI 102-14 Roberto Simões Braskem's Business Leader The year 2020 was marked by uncertainties and atyp- ical volatilities. The global spread of the Covid-19 and the consequent lower global demand for fuels impacted oil prices on the international market. While the huge drop in demand forced us to reduce the capacity of our factories during the first half of the year, in later months the global petrochemical industry bounced back stron- ger than expected, with strong demand for thermoplas- tic resins. The combination of higher consumption of plastic materials, supply constraints and falling naphtha prices led to healthier spreads. In this context, we ended the year with strong gener- ation of operating and financial results. Regarding our focus on people, we worked to combat the pandemic while seeking to support our entire value chain, and we have made significant progress related to the geological phenomenon in Alagoas. We also renewed our long-term goals, emphasizing sustainability as a strategic pillar for our business and maintained our support to the UN Global Compact and its principles. Throughout 2020, we continued to focus on our objec- tives: improving people's lives by creating sustainable chemical and plastic solutions, capturing opportunities and creating value for all stakeholders in our chain, and addressing concerns regarding the future of the planet and society. AGILITY AND COOPERATION IN FIGHTING THE PANDEMIC We have adopted a series of measures to safeguard people's health, protect the efficiency of our industri- al and commercial operations and preserve our cash. With the safety of employees and third parties in mind, we took measures to protect those who were at the greatest risk, operating with small teams and adopting strict security protocols to prevent Covid-19 transmis- sion. We soon had 100% of our corporate teams work- ing from home, since workplace flexibility practices have been in place for some years as part of our digital transformation. We worked even closer with our value chain, supporting them so they can not only survive but come out of this challenging period safe and strong. Despite the tempo- rary reduction in the use of our capacities, we met the needs of our customers and the markets in which we operate thanks to the synergies between our global units.

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