Braskem SA

At Braskem Idesa, we have developed a model that allows us to anticipate any ethical risk or action that is not contemplated in our guidelines. This system is implemented by the leaders of each area in conjunction with the Compliance Committee and the Chief Compliance Officer (CCO). It is also systematically monitored by the Board of Directors. [...] The foundations for this system have been approved by the Board of Director (BD), supported by the Compliance Committee (CC), which monitors activities encompassing all internal controls and potential risks. Furthermore, the Ethics Committee analyzes and evaluates preventive and punitive actions, depending on the case in question, regarding violations of our Code of Ethics.

To guarantee that short-term objectives are aligned with the long-term objectives, Braskem relies on a governance structure that ensures the follow-up of the strategy's progress by executives through the Global Sustainability Committee. The Committee meets monthly, is divided into working groups for each dimension of the strategy, and for each of them an executive is designated as the responsible person. The matters discussed in this forum are submitted to the CECESG, an advisory committee to the Board of Directors for sustainability matters, according to the relevance of the agenda. [...] In order to improve our governance and intensify our initiatives on topics that impact different regions, we created the Global Advocacy area in 2022. An integral part of the Institutional Relations board, the new area, in support of Sustainable Development strategies, will focus 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.

To guarantee that short-term objectives are aligned with the long-term objectives, Braskem relies on a governance structure that ensures the follow-up of the strategy's progress by executives through the Global Sustainability Committee. The Committee meets monthly, is divided into working groups for each dimension of the strategy, and for each of them an executive is designated as the responsible person. The matters discussed in this forum are submitted to the CECESG, an advisory committee to the Board of Directors for sustainability matters, according to the relevance of the agenda. In furtherance of the commitments made, assigning roles and responsibilities to all professionals, since 2021 environmental, social, and governance (ESG) aspects have been included in the corporate goals, which are assigned, according to positions and responsibilities, from the business leader to the base of the hierarchy. In 2022, the ESG targets attributed to the business leader represented 33% of the total targets established, against 30% in 2021. [...] In order to improve our governance and intensify our initiatives on topics that impact different regions, we created the Global Advocacy area in 2022. An integral part of the Institutional Relations board, the new area, in support of Sustainable Development strategies, will focus 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.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Braskem has participated in a multidisciplinary committee in the association that evaluates new legislation, new public policies, among others. This way, we've had the opportunity to evaluate, together with the other companies and the association in alignment with our strategy and policy of sustainable development. One of the results was the Brazilian chemical industry positioning on carbon pricing that we built together.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Braskem has participated in a multidisciplinary committee in the association that evaluates new legislation, new public policies, among others. This way, we've had the opportunity to evaluate, together with the other companies and the association in alignment with our strategy and policy of sustainable development. One of the results was the Brazilian chemical industry positioning on carbon pricing that we built together.