Braskem is a publicly traded company with operations in the international market and listings on the stock exchanges of São Paulo (BMF & BOVESPA), New York (NYSE) and Latibex, the Latin American section of the Madrid Stock Exchange. On the BMF & Bovespa, Braskem is listed on Level 1 for Corporate Governance and has been included in the Corporate Sustainability Index (ISE) since that differentiated portfolio was created in 2005.

Principles of corporate governance at Braskem

  • Ensuring that integrity permeates all systems of governance in the company's internal and external relations.
  • Being open and transparent in the information provided, going beyond minimum requirements, thereby encouraging spontaneous, honest, accurate and timely communication.
  • Providing fair and equitable treatment to all stakeholders.
  • Ensuring that governance agents steward the continuity of the company, incorporating a broader view of business strategy, considering the principles of sustainable development.
  • Requiring that governance agents (Directors, Audit Committeeand Auditors) be fully accountable to those who elected them regarding their actions during their terms in office.
  • Acting in accordance with regulatory standards, whether legal, statutory or procedural.

Braskem Corporate Governance Model

The company's corporate governance model consists of Braskem's Board of Directors, three Standing Committees for the Board of Directors (Finance & Investment, Strategy & Communication, People & Organization), the Audit Board and the Ethics Committee.

Braskem's corporate governance is supported by the Corporate Security area, which is responsible for internal auditing, guiding the management of business risks, and ensuring compliance with regulations and laws (such as SOX and the FCPA), as well as managing the "Ethics Line" through assessment, investigation and follow-up of reports of violations of the Braskem Code of Conduct.

COMMUNICATION WITH THE MARKET

Based on these principles, Braskem communicates continuously with the market using channels such as:

In addition, the company prioritizes proactive communication with all segments of society and its stakeholders.

PUBLIC COMMITMENT

In 2002, the year of its creation, Braskem announced its Public Commitment to the guidelines that have guided our operations ever since. This document emphasizes the company's commitment to sustainable development and the economic and social growth of the regions and communities where it is active.

CODE OF CONDUCT

Braskem has undertaken a commitment to transparent and accountable management. These practices are set forth in its Code of Conduct, which establishes the standards of conduct for the internal and external relations of all company Team Members.

To help maintain an ethical and productive business environment, Braskem provides the EthicsLine for its Team Members, Suppliers, Subcontractors, Clients and other stakeholders. Through this channel, anyone can contact the Braskem Ethics Committee anonymously to report information and facts. The statements recorded are treated with strict confidentiality. All reports are analyzed carefully and responsibly to contribute to transparent management and a safe and healthy environment.

To guide relations with its ethanol suppliers, Braskem has created a specific document on conduct and guidelines, which involves measures in relation to agricultural burning, biodiversity, environmental practices, human and workers' rights and product life cycle analysis.