Braskem SA – Lobbying Governance & Transparency

Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:

Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	Braskem SA demonstrates a moderate level of governance in its lobbying activities, with some processes in place to align its external engagement with its sustainability and climate strategies. The company has created a "Global Advocacy area" within its Institutional Relations board, which focuses on "the creation of a governance system for the exchange of information among the various Institutional Relations teams in the different regions, the mapping of public policies and global impact initiatives and the mapping of stakeholders for the development of global positions on these fronts." This indicates an effort to coordinate lobbying activities across regions and align them with sustainable development strategies. Additionally, Braskem participates in a "multidisciplinary committee in the association that evaluates new legislation, new public policies," which allows the company to align its lobbying efforts with its "strategy and policy of sustainable development," as evidenced by its involvement in shaping the Brazilian chemical industry's position on carbon pricing. However, while these initiatives suggest alignment actions, the company does not disclose a detailed process for monitoring or managing lobbying alignment, nor does it specify a formal individual or committee responsible for overseeing lobbying activities. Furthermore, there is no evidence of a comprehensive review or audit of lobbying alignment, particularly in relation to climate goals. This indicates that while some governance mechanisms exist, they are not fully developed or transparent in addressing both direct and indirect lobbying alignment with climate-related objectives. View Sources	C

Overall Assessment

Analysis

Score

Moderate

Braskem SA demonstrates a moderate level of governance in its lobbying activities, with some processes in place to align its external engagement with its sustainability and climate strategies. The company has created a "Global Advocacy area" within its Institutional Relations board, which focuses on "the creation of a governance system for the exchange of information among the various Institutional Relations teams in the different regions, the mapping of public policies and global impact initiatives and the mapping of stakeholders for the development of global positions on these fronts." This indicates an effort to coordinate lobbying activities across regions and align them with sustainable development strategies. Additionally, Braskem participates in a "multidisciplinary committee in the association that evaluates new legislation, new public policies," which allows the company to align its lobbying efforts with its "strategy and policy of sustainable development," as evidenced by its involvement in shaping the Brazilian chemical industry's position on carbon pricing. However, while these initiatives suggest alignment actions, the company does not disclose a detailed process for monitoring or managing lobbying alignment, nor does it specify a formal individual or committee responsible for overseeing lobbying activities. Furthermore, there is no evidence of a comprehensive review or audit of lobbying alignment, particularly in relation to climate goals. This indicates that while some governance mechanisms exist, they are not fully developed or transparent in addressing both direct and indirect lobbying alignment with climate-related objectives.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
Strong	Braskem provides a relatively detailed picture of its climate-policy engagement. It names two identifiable pieces of Brazilian climate legislation it has tried to influence – the "Draft proposed by the Brazilian Ministry of Development, Industry and Commerce for the regulation of the carbon market in Brazil" and the "National Policy on Climate Change," for which it is helping to set corporate GHG-inventory standards – showing reasonable specificity about what it lobbies. The company is very clear on how and where it presses its views, describing "Participation in meetings and discussion forums with executive and legislative authorities," making submissions "both through class associations entities, as well as through a direct channel with an executive branch inside the Government," and assigning representatives to the "CTIBC, Low Carbon Industry Technical Committee." These references disclose several direct and indirect mechanisms and identify the governmental targets involved. Braskem is also explicit about the results it is pursuing. For the forthcoming carbon-market regulation it advocates detailed amendments, including "the definition of the emissions cap," measures on "double counting and safeguards," rules for "interaction with the voluntary market," and provisions for "price stabilization" and a "Boundary Adjustment Mechanism." In the climate-change law review it seeks to "define a solid, recognized and comparable standard" for corporate GHG inventories. By articulating these specific policy objectives and the reasons for them, the company demonstrates a strong level of transparency regarding the outcomes it seeks through its climate-related lobbying.	B