Braskem S.A. (BAK): Análisis PESTLE [Actualizado en enero de 2025]

En el mundo dinámico de los petroquímicos globales, Braskem S.A. navega por un complejo panorama de desafíos y oportunidades, donde las incertidumbres políticas, la volatilidad económica, las innovaciones tecnológicas e imperativas ambientales convergen para dar forma a su trayectoria estratégica. Como la compañía petroquímica más grande de Brasil, Braskem se encuentra en la intersección de las tendencias globales transformadoras, equilibrando las intrincadas dinámicas del mercado con un compromiso con el desarrollo sostenible y el avance tecnológico. Este análisis integral de la mano presenta los factores externos multifacéticos que no solo influyen en las estrategias operativas de Braskem, sino que también iluminan el contexto más amplio de la resistencia industrial en un mercado global cada vez más interconectado y en rápida evolución.

Braskem S.A. (BAK) - Análisis de mortero: factores políticos

Paisaje político brasileño complejo

A partir de 2024, el entorno político de Brasil presenta desafíos significativos para las compañías petroquímicas como Braskem S.A. El panorama político actual se caracteriza por tensiones continuas e incertidumbres regulatorias.

Indicador político	Estado actual	Impacto en Braskem
Índice de estabilidad política	-0.52 (Banco Mundial, 2023)	Alto riesgo regulatorio
Clasificación de aprobación del gobierno	38% (DataFolha, enero de 2024)	Imprevisibilidad de política potencial
Índice de percepción de corrupción	38/100 (Transparencia Internacional, 2023)	Mayores desafíos de cumplimiento

Cambios regulatorios del gobierno

Las regulaciones del sector ambiental e industrial continúan evolucionando, impactando directamente las estrategias operativas de Braskem.

• Nuevos requisitos de cumplimiento ambiental introducidos en 2024
• Regulaciones de control de emisiones más estrictas
• Aumento del marco de impuestos al carbono

Tensiones políticas en el comercio internacional

Braskem enfrenta una compleja dinámica del comercio internacional influenciada por los factores geopolíticos.

Métrica de comercio	2024 datos	Impacto potencial
Índice de tensión comercial de Brasil-China	0.67 (tensión moderada)	Posibles restricciones de exportación/importación
Puntuación de estabilidad política latinoamericana	-0.43	Incertidumbre de inversión

Evaluación de riesgos políticos

Los riesgos políticos clave para Braskem en 2024 incluyen:

• Posibles cambios de política en las regulaciones del sector petroquímico
• Transformaciones de políticas ambientales continuas
• Cambios potenciales en los incentivos de inversión industrial
• Tensiones geopolíticas que afectan el acceso al mercado internacional

El entorno político brasileño presenta Desafíos y oportunidades significativas para la planificación estratégica y la gestión de riesgos de Braskem en 2024.

Braskem S.A. (Bak) - Análisis de mortero: factores económicos

Exposición significativa a las volátiles condiciones económicas de Brasil y las fluctuaciones de los precios de los productos básicos

Braskem S.A. informó ingresos netos de R $ 71.4 mil millones en 2022, con una sensibilidad significativa a la volatilidad económica brasileña. La tasa de crecimiento del PIB de Brasil en 2022 fue de 3.1%, mientras que la inflación alcanzó el 5,79%.

Indicador económico	Valor 2022	Impacto en Braskem
Crecimiento del PIB brasileño	3.1%	Correlación directa con la demanda industrial
Tasa de inflación	5.79%	Aumento de los costos operativos
Crecimiento de la industria petroquímica	4.2%	Impacto positivo moderado

Dependencia de la industria petroquímica de los ciclos económicos globales

El tamaño mundial del mercado petroquímico se estimó en USD 561.4 mil millones en 2022, con un crecimiento proyectado a una tasa compuesta anual de 4.5% entre 2023 y 2030.

Segmento de mercado	Valor 2022	Crecimiento proyectado
Mercado petroquímico global	USD 561.4 mil millones	CAGR de 4.5% (2023-2030)
Cuota de mercado de Braskem	3.8%	Posicionamiento estable

Riesgos de tipo de cambio de divisas

En 2022, Braskem reportó variaciones de tipo de cambio impacto de R $ 1.2 mil millones en sus resultados financieros. El tipo de cambio real a USD brasileño fluctuó entre 4.9 y 5.6 durante el año.

Metría métrica	Valor 2022	Impacto financiero
Impacto en la variación del tipo de cambio	R $ 1.2 mil millones	Exposición financiera significativa
Rango de tipos de cambio BRL/USD	4.9 - 5.6	Alta volatilidad

Recuperación económica y desafíos climáticos de inversión

La inversión extranjera directa de Brasil en 2022 alcanzó los USD 75.7 mil millones, y el sector petroquímico atrajo aproximadamente el 8.2% de las inversiones totales.

Indicador de inversión	Valor 2022	Relevancia del sector
Inversión total extranjera directa	USD 75.7 mil millones	Recuperación económica moderada
Participación de la inversión del sector petroquímico	8.2%	Atracción de inversión constante

Braskem S.A. (Bak) - Análisis de mortero: factores sociales

Creciente conciencia del consumidor sobre la sostenibilidad y la responsabilidad ambiental

Según el informe de sostenibilidad 2022 de Braskem, la compañía invirtió $ 98.7 millones en iniciativas de economía circular. El 62% de la cartera de productos de Braskem incluye materiales renovables o reciclados a partir de 2023.

Métrica de sostenibilidad	Valor 2022	Valor 2023
Cartera de productos renovables/reciclados	58%	62%
Inversión de sostenibilidad	$ 92.4 millones	$ 98.7 millones

Cambios demográficos que afectan a los plásticos y la demanda de productos químicos

La tasa de crecimiento de la población de Brasil en 2023 fue de 0.52%, con una población urbana que alcanza el 87.4%. La demanda petroquímica en América Latina aumentó en un 3,2% en 2023.

Indicador demográfico	Valor 2023
Tasa de crecimiento de la población de Brasil	0.52%
Porcentaje de población urbana	87.4%
Crecimiento de la demanda petroquímica latinoamericana	3.2%

Aumento de la presión social para la responsabilidad social corporativa y las prácticas éticas

Braskem reportó el 97.8% de cumplimiento de los estándares éticos en 2023. La Compañía realizó 1.245 auditorías de proveedores centrados en criterios sociales y ambientales.

Métrica de responsabilidad corporativa	Valor 2023
Cumplimiento de estándares éticos	97.8%
Auditorías de proveedores realizadas	1,245

Dinámica de la fuerza laboral y desarrollo de habilidades en el sector petroquímico

Braskem empleó a 8.234 trabajadores en 2023, con un 42% que tenía títulos técnicos o universitarios avanzados. La compañía invirtió $ 12.3 millones en programas de capacitación y desarrollo de empleados.

Métrica de desarrollo de la fuerza laboral	Valor 2023
Total de empleados	8,234
Empleados con títulos avanzados	42%
Inversión de capacitación	$ 12.3 millones

Braskem S.A. (Bak) - Análisis de mortero: factores tecnológicos

Inversión continua en innovación y tecnologías avanzadas de fabricación

Braskem invirtió R $ 603 millones en investigación y desarrollo en 2022. La compañía opera 4 centros de innovación y mantiene 430 aplicaciones de patentes activas.

Métrica de innovación	Datos 2022
Inversión de I + D	R $ 603 millones
Centros de innovación	4
Aplicaciones de patentes activas	430

Concéntrese en desarrollar soluciones de economía sostenible y circular

Braskem produjo 342,000 toneladas de polímeros reciclados y biológicos en 2022, lo que representa el 7.5% de la producción total de polímeros.

Métrica de sostenibilidad	Valor 2022
Producción de polímeros reciclados/biografía	342,000 toneladas
Porcentaje de producción total de polímeros	7.5%

Transformación digital y automatización en procesos de producción

Braskem implementado AI y tecnologías de aprendizaje automático en 12 plantas industriales, reduciendo el tiempo de inactividad de producción en un 15% en 2022.

Métrica de transformación digital	Datos 2022
Plantas industriales con IA/ML	12
Reducción del tiempo de inactividad de producción	15%

Investigación y desarrollo de tecnologías plásticas recicladas y biológicas

La compañía invirtió específicamente R $ 186 millones en tecnologías de economía circulares y basadas en biografía en 2022.

Inversión en tecnología basada en biografía	Cantidad de 2022
Inversión en I + D en tecnologías basadas en biografía	R $ 186 millones

Braskem S.A. (Bak) - Análisis de mortero: factores legales

Cumplimiento de estrictas regulaciones ambientales

A partir de 2024, Braskem S.A. se enfrenta 12 marcos regulatorios ambientales distintos en los mercados de Brasil e internacional. Los costos de cumplimiento legal de la Compañía en 2023 totalizaron $ 87.3 millones para la adherencia de la regulación ambiental.

Jurisdicción regulatoria	Costo de cumplimiento ($)	Número de regulaciones
Brasil	52,380,000	7
Mercados internacionales	35,020,000	5

Desafíos legales continuos

Braskem gestiona actualmente 3 casos significativos de litigios ambientales con una posible exposición financiera de $ 245 millones. Los procedimientos legales relacionados con el incidente de la mina de sal de Alagoas permanecen activos.

Tipo de caso legal	Impacto financiero potencial ($)	Estado actual
Daño ambiental	145,000,000	En curso
Mala conducta operativa	62,000,000	Bajo revisión
Violación regulatoria	38,000,000	Asentamiento pendiente

Marco regulatorio para industrias químicas

Braskem navega 47 Regulaciones específicas de la industria química a través de sus territorios operativos. El cumplimiento requiere inversiones anuales de $ 63.5 millones en infraestructura legal y regulatoria.

Riesgos legales del cumplimiento ambiental

La empresa identifica 6 Categorías principales de riesgos legales potenciales:

• Contaminación ambiental
• Violaciones de seguridad operativas
• Gestión de residuos químicos
• Incumplimiento de emisiones
• Regulaciones de seguridad de los trabajadores
• Restricciones químicas del comercio internacional

Categoría de riesgo	Posible exposición financiera ($)	Presupuesto de mitigación ($)
Contaminación ambiental	95,000,000	22,500,000
Seguridad operativa	65,000,000	15,700,000
Gestión de residuos químicos	45,000,000	11,200,000

Braskem S.A. (BAK) - Análisis de mortero: factores ambientales

Compromiso para reducir las emisiones de carbono y las prácticas de producción sostenible

Braskem comprometido a reducir el alcance 1 y 2 emisiones de gases de efecto invernadero por 53% Para 2030, con un año de referencia de 2019. Las emisiones totales de gases de efecto invernadero de la compañía en 2022 fueron 4.86 millones de toneladas métricas de CO2 equivalente.

Categoría de emisión	2022 emisiones (toneladas métricas CO2E)	Objetivo de reducción
Alcance 1	3.42 millones	Reducción del 40% para 2030
Alcance 2	1.44 millones	Reducción del 13% para 2030

Inversiones en economía circular y tecnologías de reciclaje de plástico

Braskem invirtió $ 87 millones en iniciativas de economía circular en 2022. La capacidad de reciclaje de la compañía alcanzó 60,000 toneladas métricas por año.

Iniciativa de reciclaje	Inversión (USD)	Capacidad
Reciclaje mecánico	$ 52 millones	45,000 toneladas métricas/año
Reciclaje químico	$ 35 millones	15,000 toneladas métricas/año

Gestión de riesgos ambientales en operaciones químicas e industriales

Braskem implementó 247 programas de gestión ambiental y monitoreo en sus instalaciones industriales en 2022. La compañía realizó 1.563 auditorías de cumplimiento ambiental durante el mismo año.

Métrica de gestión de riesgos	Rendimiento 2022
Programas de gestión ambiental	247
Auditorías de cumplimiento ambiental	1,563
Tasa de incidentes ambientales	0.23 por millón de horas de trabajo

Abordar las preocupaciones ambientales y los posibles desafíos de sostenibilidad

Braskem asignó $ 123 millones para la sostenibilidad y las iniciativas de protección del medio ambiente en 2022. La compañía estableció la meta de tener 300,000 toneladas métricas de productos reciclados y renovables en su cartera para 2030.

Área de enfoque de sostenibilidad	Inversión (USD)	2022 progreso
Desarrollo de productos renovables	$ 68 millones	65,000 toneladas métricas
Protección ambiental	$ 55 millones	42 proyectos de conservación

Braskem S.A. (BAK) - PESTLE Analysis: Social factors

Strong consumer demand drives the I'm green™ bio-based portfolio, now trusted by over 200 brands globally.

You can't ignore the seismic shift in consumer preferences; people are willing to pay a premium for verifiable sustainability. Braskem's 'I'm green™' bio-based portfolio, derived from sugarcane ethanol, directly capitalizes on this trend. This is a crucial social factor because it translates directly into a competitive advantage and sales volume. The portfolio is now trusted by over 200 brands worldwide, a clear signal of its market acceptance and the reliability of its supply chain.

The core value proposition is clear: a renewable, 100% recyclable solution that significantly lowers a product's carbon footprint. For instance, the bio-based high-density polyethylene (HDPE) for non-wovens, used in hygiene products like diapers, has a reported carbon footprint of -2.01 kgCO₂e per kg in its latest Life Cycle Assessment (LCA). That's a powerful marketing tool for any consumer brand.

The Wenew portfolio of recycled content products has sold over 85,000+ tons globally.

The social pressure to eliminate plastic waste is intense, and Braskem is responding with its 'Wenew' portfolio of recycled content products. As of September 2025, this portfolio, which features over 55 grades, has sold more than 85,000+ tons globally. This tonnage is a concrete measure of the company's contribution to the circular economy (a term for keeping materials in use for as long as possible), but it also shows the scale of the market opportunity.

Here's the quick math: the company has a stated goal to increase sales of products with recycled content to 300,000 tons by the end of 2025. Hitting that target is vital, not just for revenue, but for maintaining the social license to operate in a plastics-skeptical environment. The Wenew resins also reduce carbon emissions by up to 48% compared to conventional virgin resins, reinforcing the social benefit.

Public scrutiny remains intense due to the Maceió geological event, despite 99.9% of resident relocations being completed.

The Maceió geological event, caused by Braskem's past rock salt mining operations, remains the single largest social liability and reputational risk. While the company has made significant progress on remediation, the public memory of the forced relocation of over 60,000 people is long.

As of the end of the third quarter of 2025, Braskem reported 99.9% execution of the residents' relocation program. That's defintely a high completion rate, but the financial and social cost is enormous and ongoing. The total provisioned balance for this event at the end of 3Q25 stood at R$3.8 billion (Brazilian Reais). Additionally, the company recently announced an agreement with the State of Alagoas to pay BRL 1.2 billion in compensation, payable over ten years.

What this estimate hides is the long-term impact on Braskem's reputation and its ability to secure permits for new projects-a classic social factor risk. Transparency and full compensation are the only path to mitigating this damage.

Maceió Compensation Program Status (as of 3Q 2025)	Percentage	Financial Impact
Resident Relocation Program Execution	99.9%
Proposals Accepted for Financial Compensation	~99.6%
Proposals Paid Out	~99.5%
Total Provisioned Balance (3Q 2025)		R$3.8 billion

Focus on sustainable solutions is key to attracting a younger, more environmentally-aware talent pool.

The war for talent, particularly among younger, highly-skilled engineers and scientists, is increasingly fought on the grounds of Environmental, Social, and Governance (ESG) performance. Braskem's pivot to bio-based and recycled materials is a strategic move to attract and retain this talent pool, which is highly motivated by purpose-driven work.

The company employs almost 8,000 team members globally, and its ability to fill key roles depends on its social image. Braskem's long-term objectives, aligned with the UN Sustainable Development Goals (SDGs), include specific social targets that appeal to modern workers:

• Reduce the rate of occupational accidents to 0.5 per million hours worked by 2030.
• Implement 100% of annual plans for mitigating socio-environmental risks by 2030.
• Increase the percentage of women in leadership to 40% in the Brazil region by 2030.

A strong ESG narrative is now a non-negotiable part of the employee value proposition. You need to be a part of the solution, not the problem.

Braskem S.A. (BAK) - PESTLE Analysis: Technological factors

You're looking at Braskem S.A.'s technological position, and the key takeaway is simple: the company is making significant, concrete investments in both bio-based and fossil-fuel efficiency to future-proof its feedstock matrix. This isn't just R&D talk; it's about scaling up proven green technology now and integrating next-generation carbon capture solutions for the long term.

The technology strategy is a dual-track approach: deepening the lead in renewable polymers while also modernizing existing assets to remain competitive in the traditional petrochemical market. This balance is defintely critical for navigating the sector's energy transition risks.

Pioneering I'm green™ bio-based polyethylene production from sugarcane ethanol at an industrial scale

Braskem is the global leader in bio-based polyethylene (bio-PE), a position cemented by its proprietary technology that converts sugarcane ethanol into green ethylene. The scale of this operation is substantial and already exceeds initial targets for 2025.

As of May 2025, the production capacity for green ethylene at the Triunfo, Brazil, plant stands at 275,000 tons/year. This capacity represents a 37% increase from the plant's original output in 2010. This industrial-scale production of I'm green™ bio-PE is a major technological differentiator because it offers a renewable, drop-in replacement for fossil-based plastic without compromising performance.

Here's the quick math on the environmental upside:

• Current green ethylene capacity: 275,000 tons/year
• Annual CO₂ capture: Approximately 159,000 tons
• CO₂ sequestration equivalent: Offsetting the annual emissions of 12,000 U.S. citizens

New product innovations include MDO film with bio-based PE for enhanced recyclability in packaging

Innovation isn't just about the raw material; it's about how that material enables the next generation of product design. Braskem showcased its latest innovations at the K 2025 trade fair in October 2025, focusing on solutions for the circular economy.

The new Machine Direction-Oriented (MDO) film made with I'm green™ bio-based PE is a key development. MDO technology stretches the film to enhance properties like stiffness and optical clarity. By using bio-PE, Braskem enables high-performance, mono-material packaging, which is much easier for recycling systems to process. This innovation, developed with its circular packaging design lab, Cazoolo, and converter FCO Group, directly addresses the growing regulatory and consumer demand for packaging that is both renewable and fully recyclable. The firm is also expanding its bio-based portfolio into specialized markets, including Medcol, a bio-based low-density polyethylene for pharmaceutical applications, which has a carbon footprint of -2.27 kgCO₂e per kg according to its 2023 Life Cycle Assessment.

Partnership with Norsk e-Fuel explores Power-to-Liquid technology to create e-Naphtha from captured CO₂

Looking beyond biomass, Braskem is making a forward-looking bet on Power-to-Liquid (PtL) technology, which is a significant move into carbon capture utilization (CCU). In November 2025, the company announced a strategic collaboration with Norsk e-Fuel to explore the integration of e-Naphtha into the plastics value chain.

e-Naphtha is a synthetic feedstock produced by combining captured carbon dioxide (CO₂) with green hydrogen, using fossil-free electricity. This partnership aims to produce plastics derived from carbon that would otherwise be released into the atmosphere, effectively keeping carbon in the loop. Norsk e-Fuel plans to have at least three PtL plants operating by 2032, with a combined annual capacity of over 200,000 tons of e-Fuels, of which about a quarter could be supplied as e-Naphtha for plastic production. This is a crucial step in developing a non-biomass-based renewable feedstock source.

The Transforma Rio project will add 220 kton/year of ethylene capacity by end-2028

To boost competitiveness in its core business, Braskem is executing a major modernization project at its Rio de Janeiro petrochemical complex. The Board of Directors approved this investment in October 2025. This project, part of the company's Transformation Program, will increase the use of natural gas feedstock, specifically ethane, which is more cost-competitive and less carbon-intensive than traditional naphtha.

The expansion will add 220,000 tons/year of ethylene capacity, plus equivalent volumes of polyethylene, by the end of 2028. Securing the long-term ethane supply is a key component, with a contract with Petrobras currently in the final stages of negotiation. The total estimated investment for this project is substantial, reinforcing the commitment to modernizing the industrial park.

Project Metric	Value (2025 Fiscal Year Data)	Timeline/Context
Estimated Total Investment	R$4.2 billion (~$780 million USD)	Board approved in October 2025; subject to financing.
Initial Engineering Budget	R$233 million	Approved in February 2025.
New Ethylene Capacity Addition	220 kton/year	Targeted for completion by end of 2028.

What this estimate hides is the execution risk in a project of this scale, plus still needing to finalize the long-term ethane supply contract. Still, the initial R$233 million basic engineering budget was already approved in February 2025, which shows momentum. Finance: monitor the final financing structure and the Petrobras contract closure.

Braskem S.A. (BAK) - PESTLE Analysis: Legal factors

Maceió Geological Event: Financial and Criminal Liability

The most significant legal risk for Braskem S.A. continues to be the fallout from the Maceió geological event, which involves extensive civil, environmental, and now criminal liability. You need to track the remaining financial provision closely, as it represents the expected cash outflow for this long-term obligation.

As of September 2025, the total provisions for the Maceió geological event stood at approximately R$18.1 billion. That's a massive figure, but the good news is that most of the cash has already been disbursed for compensation and remediation. The estimated remaining balance in the provision account at the end of the third quarter of 2025 was approximately R$3.8 billion. The company has also achieved a high execution rate on the ground, with 99.9% of the resident relocation program completed by the end of Q3 2025. Still, the legal exposure is far from over.

On the criminal front, the Federal Public Ministry of Alagoas (MPF) filed a criminal complaint in October 2025 against Braskem S.A. and 15 individuals, including former executives and employees. This action alleges a series of environmental crimes and functional crimes against the environmental administration. This shift from civil to criminal proceedings introduces a new layer of personal and corporate risk that is defintely worth monitoring.

Maceió Event Financial Status (as of Sep 2025)	Amount (R$ Billion)	Status
Total Provisions for Alagoas Event	18.1	Cumulative liability recognized
Estimated Remaining Provision Balance	~3.8	Expected future cash outflow
Resident Relocation Program Execution	99.9%	Near-complete operational milestone

International Litigation and Subsidiary Liability

The company also faces ongoing legal appeals in a Dutch court seeking to hold its European subsidiaries liable for the Maceió disaster. A July 2024 ruling in Rotterdam already found Braskem S.A. responsible, but the victims' lawyers filed an appeal in July 2025 to extend that liability to the Dutch-based entities, arguing they profited from the rock salt mining operations.

This is a critical legal battle because it tests the principle of corporate accountability across international borders, potentially exposing the broader Braskem Group structure. Braskem S.A. has also filed its own grounds of appeal against the initial liability finding. The parties were set to file counterarguments by October 2025, with a ruling on the appeals expected as early as 2026. It's a complex, multi-jurisdictional fight that could set a precedent for other multinational corporations operating in Brazil.

Compliance with Brazilian Tax and Tariff Regulations

On the regulatory and trade side, Braskem S.A. must navigate a shifting landscape of Brazilian tax and import rules, which present both a compliance mandate and a strategic opportunity.

• Import Tariffs: The government trade body, CAMEX, decided in late 2025 to maintain the higher import tax for key resins-Polyethylene, Polypropylene, and PVC-at 20% until October 2026. This mandatory compliance acts as a significant legal barrier to entry for foreign competitors, directly benefiting Braskem S.A.'s domestic market share and pricing power.
• PRESIQ Tax Rules: The company is closely monitoring the progress of the proposed Special Program for the Sustainability of the Chemical Industry (PRESIQ), outlined in Bill 892/2025. This bill would establish a new tax incentive framework, offering tax credits to the chemical sector to boost competitiveness and sustainability. If passed, the PRESIQ scheme is estimated to have a positive impact of up to US$500 million per year on Braskem S.A.'s EBITDA by 2026.

The tariff protection is a near-term tailwind, but the PRESIQ legislation is the long-term structural change that could fundamentally improve the economics of domestic petrochemical production. Compliance here means positioning the business to capture those tax credits through strategic investments in modernization and sustainability, which is a clear action item for your strategy team.

Braskem S.A. (BAK) - PESTLE Analysis: Environmental factors

Found liable by a Dutch court for the environmental damage and ground subsidence in Maceió.

The environmental liability stemming from the rock salt mining operations in Maceió, Alagoas, remains the most significant near-term risk for Braskem S.A. The company is defintely facing a complex legal and financial situation. A July 2024 ruling by the Rotterdam District Court in the Netherlands found Braskem S.A. responsible for the extensive socio-environmental disaster caused by the ground subsidence, ordering compensation for the nine plaintiffs involved in that individual action.

This ruling, while not materially impacting the company's financials on its own, set a crucial precedent. The legal battle escalated in July 2025 when the victims appealed to hold Braskem's European subsidiaries liable as well, arguing they profited from the operations. To be fair, Braskem has also filed an appeal, and both parties have until October 2025 to file counterarguments. This means the total financial exposure from international litigation is still an open question for 2026. Still, the company has been proactively addressing the issue in Brazil.

Here's the quick math on the domestic liability: In November 2025, Braskem announced an agreement with the state of Alagoas to pay BRL 1.2 billion in compensation for property and non-property damages. This amount will be paid over ten variable annual installments, adjusted mainly after 2030, which helps manage the cash flow impact. This is on top of the over R$4 billion the company had already set aside for compensation and relocation programs for the estimated 60,000+ residents forced to relocate.

I'm green™ bio-based LDPE has a favorable carbon footprint of -2.27 kgCO₂e per kg.

On the flip side of the environmental ledger, Braskem's I'm green™ portfolio demonstrates a clear opportunity to capture value from the global push toward decarbonization. The bio-based low-density polyethylene (LDPE), derived from sustainably sourced sugarcane ethanol, is a market leader because it has a negative carbon footprint. This means its production actually removes more carbon dioxide from the atmosphere than it emits.

Specifically, the updated 2023 Life Cycle Assessment (LCA) study confirms the I'm green™ bio-based LDPE (Medcol for healthcare) has a carbon footprint of -2.27 kgCO₂e per kg. That's a powerful selling point for major consumer brands seeking to hit their own net-zero targets. Other products in the portfolio also show a net benefit, like the I'm green™ bio-based High-Density Polyethylene (HDPE) for non-wovens, which has a carbon footprint of -2.01 kgCO₂e per kg. The company is scaling up these solutions, showcasing new applications at the K 2025 trade fair in October 2025.

The demand for these renewable carbon solutions is growing fast. The I'm green™ brand is already trusted by over 200 brands globally.

Corporate strategy is 'Keeping Carbon in the Loop' through renewable and circular solutions.

Braskem's overarching corporate strategy, dubbed 'Keeping Carbon in the Loop,' is the right move for a petrochemical major navigating the energy transition. This strategy is about retaining carbon within products and the economy through renewable, circular, and carbon-optimized solutions, which is a significant shift from the traditional linear model.

The strategy is backed by concrete 2030 targets that investors should watch closely. These targets show a commitment to scaling up both bio-based and mechanically/chemically recycled materials. They are planning for a 15% reduction in greenhouse gas emissions by 2030 and a long-term goal of net zero by 2050.

The company is showing progress on the circularity front. The Wenew portfolio, which uses recycled content, has already sold over 85,000+ tons globally. Plus, the November 2025 partnership with Norsk e-Fuel to explore e-Naphtha integration-a feedstock derived from captured CO₂-shows they are looking beyond bio-based materials to truly close the carbon loop.

Sustainability Target	Goal by 2030	Long-Term Goal
Bioproducts Production	1 million tons	N/A
Recycled-Content Products Production	1 million tons	N/A
Greenhouse Gas (GHG) Emissions Reduction	15% reduction	Net Zero by 2050

Continued closure and management of the chlor-alkali operations in Alagoas following the geological event.

The environmental disaster forced a permanent operational change, which has both costs and strategic implications. The rock salt mining, which was the upstream feedstock for the chlor-alkali plant, was permanently shut down. This, in turn, led to the hibernation of the chlor-alkali facility in Alagoas in September 2025. This plant had a significant capacity: 400,000 metric tons/year of chlorine and 460,000 metric tons/year of caustic soda.

The company is starting a new PVC operating model. The former chlor-alkali plant is being transformed into a unit dedicated to handling imported Ethylene Dichloride (EDC), the key feedstock for PVC. This means Braskem has shifted from being a vertically integrated producer to a major importer of EDC, securing a long-term supply contract with Olin. While this de-risks the supply chain from the Alagoas geological issue, it exposes the PVC segment to volatility in international EDC pricing and logistics. The shift is a clear example of environmental risk dictating a core strategic pivot.

The company is still managing the costs associated with the closure and remediation. The BRL 1.2 billion compensation agreement with the state of Alagoas, announced in November 2025, is the latest and most concrete financial commitment to manage the fallout from the geological event.