Braskem S.A. (Bak): Análise de Pestle [Jan-2025 Atualizada]

No mundo dinâmico dos petroquímicos globais, Braskem S.A. navega em um cenário complexo de desafios e oportunidades, onde incertezas políticas, volatilidade econômica, inovações tecnológicas e imperativos ambientais convergem para moldar sua trajetória estratégica. Como a maior empresa petroquímica do Brasil, Braskem fica no cruzamento de tendências globais transformadoras, equilibrando a intrincada dinâmica de mercado com um compromisso com o desenvolvimento sustentável e o avanço tecnológico. Essa análise abrangente de pestles revela os fatores externos multifacetados que não apenas influenciam as estratégias operacionais do Braskem, mas também iluminam o contexto mais amplo da resiliência industrial em um mercado global cada vez mais interconectado e em rápida evolução.

Braskem S.A. (BAK) - Análise de pilão: Fatores políticos

Paisagem política brasileira complexa

A partir de 2024, o ambiente político do Brasil apresenta desafios significativos para empresas petroquímicas como Braskem S.A. O cenário político atual é caracterizado por tensões em andamento e incertezas regulatórias.

Indicador político	Status atual	Impacto no Braskem
Índice de Estabilidade Política	-0,52 (Banco Mundial, 2023)	Alto risco regulatório
Classificação de aprovação do governo	38% (Datafolha, janeiro de 2024)	Potencial imprevisibilidade da política
Índice de Percepção de Corrupção	38/100 (Transparency International, 2023)	Aumento dos desafios de conformidade

Mudanças regulatórias do governo

Os regulamentos do setor ambiental e industrial continuam a evoluir, afetando diretamente as estratégias operacionais do Braskem.

• Novos requisitos de conformidade ambiental introduzidos em 2024
• Regulamentos mais rígidos de controle de emissões
• Maior estrutura de tributação de carbono

Tensões políticas no comércio internacional

A Braskem enfrenta a dinâmica comercial complexa internacional influenciada por fatores geopolíticos.

Métrica comercial	2024 dados	Impacto potencial
Índice de tensão comercial brasileira-china	0,67 (tensão moderada)	Restrições potenciais de exportação/importação
Pontuação de estabilidade política da América Latina	-0.43	Incerteza de investimento

Avaliação de risco político

Os principais riscos políticos para o Braskem em 2024 incluem:

• Mudanças políticas potenciais nos regulamentos do setor petroquímico
• Transformações de políticas ambientais em andamento
• Mudanças potenciais nos incentivos de investimento industrial
• Tensões geopolíticas que afetam o acesso ao mercado internacional

O ambiente político brasileiro apresenta Desafios e oportunidades significativos Para o planejamento estratégico e o gerenciamento de riscos da Braskem em 2024.

Braskem S.A. (BAK) - Análise de pilão: Fatores econômicos

Exposição significativa às voláteis condições econômicas do Brasil e flutuações de preços de commodities

Braskem S.A. reportou receita líquida de R $ 71,4 bilhões em 2022, com sensibilidade significativa à volatilidade econômica brasileira. A taxa de crescimento do PIB do Brasil em 2022 foi de 3,1%, enquanto a inflação atingiu 5,79%.

Indicador econômico	2022 Valor	Impacto no Braskem
Crescimento do PIB brasileiro	3.1%	Correlação direta com a demanda industrial
Taxa de inflação	5.79%	Aumento dos custos operacionais
Crescimento da indústria petroquímica	4.2%	Impacto positivo moderado

Dependência da indústria petroquímica dos ciclos econômicos globais

O tamanho do mercado petroquímico global foi estimado em US $ 561,4 bilhões em 2022, com crescimento projetado em um CAGR de 4,5% em 2023-2030.

Segmento de mercado	2022 Valor	Crescimento projetado
Mercado petroquímico global	US $ 561,4 bilhões	4,5% CAGR (2023-2030)
Participação de mercado da Braskem	3.8%	Posicionamento estável

Riscos de taxa de câmbio

Em 2022, o Braskem relatou o impacto das variações de taxa de câmbio de R $ 1,2 bilhão em seus resultados financeiros. A taxa de câmbio real para o USD flutuou entre 4,9 e 5,6 durante o ano.

Métrica de moeda	2022 Valor	Impacto financeiro
Impacto de variação da taxa de câmbio	R $ 1,2 bilhão	Exposição financeira significativa
Faixa de taxa de câmbio BRL/USD	4.9 - 5.6	Alta volatilidade

Recuperação econômica e desafios climáticos de investimento

O investimento estrangeiro direto do Brasil em 2022 atingiu US $ 75,7 bilhões, com o setor petroquímico atraindo aproximadamente 8,2% do total de investimentos.

Indicador de investimento	2022 Valor	Relevância do setor
Investimento total direto estrangeiro	US $ 75,7 bilhões	Recuperação econômica moderada
Participação de investimento do setor petroquímico	8.2%	Atração constante de investimento

Braskem S.A. (BAK) - Análise de pilão: Fatores sociais

Crescente conscientização do consumidor da sustentabilidade e responsabilidade ambiental

De acordo com o relatório de sustentabilidade de 2022 da Braskem, a empresa investiu US $ 98,7 milhões em iniciativas de economia circular. 62% do portfólio de produtos da Braskem inclui materiais renováveis ​​ou reciclados a partir de 2023.

Métrica de sustentabilidade	2022 Valor	2023 valor
Portfólio de produtos renováveis/reciclados	58%	62%
Investimento de sustentabilidade	US $ 92,4 milhões	US $ 98,7 milhões

Mudanças demográficas que afetam plásticos e demanda de produtos químicos

A taxa de crescimento populacional do Brasil em 2023 foi de 0,52%, com a população urbana atingindo 87,4%. A demanda petroquímica na América Latina aumentou 3,2% em 2023.

Indicador demográfico	2023 valor
Taxa de crescimento populacional do Brasil	0.52%
Porcentagem de população urbana	87.4%
Crescimento da demanda petroquímica da América Latina	3.2%

Aumento da pressão social pela responsabilidade social corporativa e práticas éticas

Braskem registrou 97,8% de conformidade com os padrões éticos em 2023. A Companhia conduziu 1.245 auditorias de fornecedores com foco em critérios sociais e ambientais.

Métrica de responsabilidade corporativa	2023 valor
Conformidade com padrões éticos	97.8%
Auditorias de fornecedores realizados	1,245

Dinâmica da força de trabalho e desenvolvimento de habilidades no setor petroquímico

A Braskem empregou 8.234 trabalhadores em 2023, com 42% na formação de diplomas técnicos ou universitários avançados. A empresa investiu US $ 12,3 milhões em programas de treinamento e desenvolvimento de funcionários.

Métrica de desenvolvimento da força de trabalho	2023 valor
Total de funcionários	8,234
Funcionários com diplomas avançados	42%
Investimento de treinamento	US $ 12,3 milhões

Braskem S.A. (BAK) - Análise de pilão: Fatores tecnológicos

Investimento contínuo em inovação e tecnologias avançadas de fabricação

A Braskem investiu R $ 603 milhões em pesquisa e desenvolvimento em 2022. A Companhia opera 4 centros de inovação e mantém 430 pedidos de patentes ativos.

Métrica de inovação	2022 dados
Investimento em P&D	R $ 603 milhões
Centros de Inovação	4
Aplicações de patentes ativas	430

Concentre -se no desenvolvimento de soluções de economia sustentável e circular

A Braskem produziu 342.000 toneladas de polímeros reciclados e biológicos em 2022, representando 7,5% da produção total de polímeros.

Métrica de sustentabilidade	2022 Valor
Produção de polímeros reciclados/baseados em bio	342.000 toneladas
Porcentagem da produção total de polímeros	7.5%

Transformação digital e automação em processos de produção

Braskem implementado AI e tecnologias de aprendizado de máquina em 12 plantas industriais, reduzindo o tempo de inatividade da produção em 15% em 2022.

Métrica de transformação digital	2022 dados
Plantas industriais com AI/ML	12
Redução de tempo de inatividade da produção	15%

Pesquisa e desenvolvimento de tecnologias plásticas de base biológica e reciclada

A empresa investiu especificamente R $ 186 milhões em tecnologias de economia biológica e circulares em 2022.

Investimento tecnológico de base biológica	2022 quantidade
Investimento em P&D em tecnologias biológicas	R $ 186 milhões

Braskem S.A. (Bak) - Análise de Pestle: Fatores Legais

Conformidade com regulamentos ambientais rigorosos

A partir de 2024, Braskem S.A. Faces 12 estruturas regulatórias ambientais distintas em todo o Brasil e nos mercados internacionais. Os custos de conformidade legal da Companhia em 2023 totalizaram US $ 87,3 milhões para adesão à regulamentação ambiental.

Jurisdição regulatória	Custo de conformidade ($)	Número de regulamentos
Brasil	52,380,000	7
Mercados internacionais	35,020,000	5

Desafios legais em andamento

Braskem atualmente gerencia 3 casos significativos de litígios ambientais com potencial exposição financeira de US $ 245 milhões. Os procedimentos legais relacionados ao incidente da mina de sal do salão de Alagoas permanecem ativos.

Tipo de caso legal	Impacto financeiro potencial ($)	Status atual
Danos ambientais	145,000,000	Em andamento
Má conduta operacional	62,000,000	Em revisão
Violação regulatória	38,000,000	Liquidação pendente

Estrutura regulatória para indústrias químicas

Braskem navega 47 Regulamentos da indústria química específica em seus territórios operacionais. A conformidade requer investimentos anuais de US $ 63,5 milhões em infraestrutura legal e regulatória.

Riscos legais com conformidade ambiental

A empresa identifica 6 categorias primárias de riscos legais potenciais:

• Contaminação ambiental
• Violações de segurança operacional
• Gerenciamento de resíduos químicos
• Emissões não conformidade
• Regulamentos de Segurança dos Trabalhadores
• Restrições químicas do comércio internacional

Categoria de risco	Exposição financeira potencial ($)	Orçamento de mitigação ($)
Contaminação ambiental	95,000,000	22,500,000
Segurança operacional	65,000,000	15,700,000
Gerenciamento de resíduos químicos	45,000,000	11,200,000

Braskem S.A. (Bak) - Análise de Pestle: Fatores Ambientais

Compromisso em reduzir as emissões de carbono e práticas de produção sustentáveis

Braskem comprometido em reduzir o escopo 1 e 2 emissões de gases de efeito estufa por 53% Até 2030, com um ano de linha de base de 2019. As emissões totais de gases de efeito estufa da empresa em 2022 foram de 4,86 ​​milhões de toneladas de CO2 equivalentes.

Categoria de emissão	2022 emissões (toneladas métricas)	Alvo de redução
Escopo 1	3,42 milhões	Redução de 40% até 2030
Escopo 2	1,44 milhão	Redução de 13% até 2030

Investimentos em economia circular e tecnologias de reciclagem plástica

Braskem investiu US $ 87 milhões em iniciativas de economia circular em 2022. A capacidade de reciclagem da empresa atingiu 60.000 toneladas por ano.

Iniciativa de reciclagem	Investimento (USD)	Capacidade
Reciclagem mecânica	US $ 52 milhões	45.000 toneladas métricas/ano
Reciclagem química	US $ 35 milhões	15.000 toneladas métricas/ano

Gerenciamento de riscos ambientais em operações químicas e industriais

A Braskem implementou 247 programas de gestão e monitoramento ambiental em suas instalações industriais em 2022. A Companhia conduziu 1.563 auditorias de conformidade ambiental durante o mesmo ano.

Métrica de gerenciamento de riscos	2022 Performance
Programas de gestão ambiental	247
Auditorias de conformidade ambiental	1,563
Taxa de incidentes ambientais	0,23 por milhão de horas de trabalho

Abordando preocupações ambientais e possíveis desafios de sustentabilidade

Braskem alocou US $ 123 milhões para iniciativas de sustentabilidade e proteção ambiental em 2022. A empresa estabeleceu uma meta para ter 300.000 toneladas métricas de produtos reciclados e renováveis ​​em seu portfólio até 2030.

Área de foco em sustentabilidade	Investimento (USD)	2022 Progresso
Desenvolvimento de produto renovável	US $ 68 milhões	65.000 toneladas métricas
Proteção Ambiental	US $ 55 milhões	42 Projetos de Conservação

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.