Integrated Report 2020

Braskem INTEGRATED REPORT 2020 A MESSAGE FROM THE BUSINESS LEADER 05 BRASKEM STRATEGIC PLANNING CAPITAL PERFORMANCE ABOUT THE REPORT CREDITS States Department of Justice (DOJ) and the Securi- ties and Exchange Commission (SEC), attesting that we have complied with the obligations of the global agreement signed with the authorities and confirming that we have implemented an effective and robust Compliance Program. In fact, the program has been recognized by Brazilian public institutions and will serve as a model for other leniency agreements to be signed in the country. In relation to financial health and discipline in the allo- cation of capital, we ended the year with positive cash generation thanks to our strong operating result and robust cash position (US$ 2.9 billion), with sufficient li- quidity to cover debt maturity over the next 84 months. In parallel, our deleveraging plan reduced corporate leverage from 4.71x in 2019 to 2.94x in 2020. A MORE SUSTAINABLE FUTURE, TODAY In 2020, we approved our Global Sustainable Develop- ment Strategy, which publicly consolidates our medium -and long-term objectives regarding the material topics for our business and aligned with the UN Sustainable Development Goals and the Paris Agreement. As part of this strategy, we expanded our efforts to intensify our contribution to a Circular Carbon Neutral Economy. Our goals are to achieve carbon neutrality by 2050, reduce scope 1 and 2 GHG emissions by 15% by 2030, and in- crease sales of our products with recycled content to 1 million tons/year by 2030. We will follow a clear action plan with clearly defined and monitored goals, based on a broad portfolio of in- vestment and research projects related to sustainabil- ity. We already made significant progress during 2020, mainly in combating climate change and eliminating plastic waste. We celebrated the 10th anniversary of our Green PE, internationally recognized for combining a renewable raw material with CO2 capture capacity, reaching a historical sales record of 170,000 tons. Reinforcing our commitment to combining sustainability with business, we announced the expansion of our production of green ethylene, the raw material made from sugarcane etha- nol used to produce Green PE. We also signed contracts for the purchase of competitive renewable energy, reaching an estimated 1.5 million avoided CO2 emissions, and we announced partnerships to enable studies on carbon capture technologies. On the plastic waste frot, we announced partnerships that will make it possible to sort and mechanically re- cycle such waste, and moved forward in a partnership for enhanced chemical recycling technology. In addi- tion, we expanded global sales of resins with recycled content, growing 284% compared to 2019 to a total of 7.3 ktons sold. OUTLOOK FOR 2021 Progress in treatments and vaccines against Covid-19 to control the number of cases and new variants will be a key factor for the effective global economic recov- ery. The likely petrochemical scenario includes health- ier resin spreads in 2021, with sustained strong global demand. Chemical and plastic solutions will remain essential in 2021 and beyond, and we at Braskem will move on to implement the initiatives of our strategic pillars. Our key areas of focus will be to ensure safe operations, advance in actions related to the geolog- ical phenomenon in Alagoas, find a definitive solution for the supply of ethane to our operations in Mexico, maintain our financial health, accelerate innovation and digital transformation and implement our com- mitments to sustainable development. We are firmly committed to delivering value to all our stakeholders, today and in the future. Roberto Simões Braskem's Business Leader

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